AlphaSimplex Managed Futures Strategy Fund Class A

Frequently Asked Questions About AMFAX

What does AMFAX invest in?

This fund's primary objective is to achieve capital growth for its investors. The advisor projects that a maximum of 25% of the fund's total assets will be designated for margin and collateral requirements associated with its derivative trading activities. Typically, in stable market environments, the fund intends to commit at least three-quarters (75%) of its overall assets to highly-rated, short-duration securities, including money market instruments. Additionally, the fund maintains a concentrated focus on the financial services industry, with a usual allocation of at least 25% of its total assets to securities and other debt instruments from companies operating within this sector.

What is the expense ratio of AMFAX?

AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) charges an expense ratio of 1.70%. This is the annual fee deducted from fund assets to cover management and operations.

How big is AMFAX?

AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) manages $1.47B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AMFAX actively managed or an index fund?

AMFAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was AMFAX launched?

AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) launched in August 2010 and is managed by the fund issuer.

How has AMFAX performed?

AMFAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.