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Longboard Managed Futures Strategy Fund Class I Shares – WAVIX Fund Overview

Last PriceToday's Change52-Week RangeTrading Volume
11.89-0.27 (-2.22%)10.97 - 13.330.0

Market data as of 6:26PM 02/12/16. Quotes are delayed by at least 15 min.

Overview - WAVIX

The investment seeks positive absolute returns. The fund seeks to achieve its investment objectives using two principal strategies, a Futures Strategy and a Fixed Income Strategy. To pursue its Futures Strategy, the advisor intends to invest up to 25% of its total assets in the Subsidiary. It generally invests between 70-95% of its assets pursuant to the Fixed Income Strategy and/or in cash and cash equivalents, although the fund reserves the right to invest up to 100% of its assets pursuant to the Fixed Income Strategy and/or in cash and cash equivalents.

Growth of $10,000 (10 Years)

Total Return7.84%
Yield (Trailing 12 Mo.)6.28%
Expense Ratio2.99%
Front LoadNone
Deferred LoadNone
Minimum Investment$10,000
Management Tenure4 Years
Fund Inception06/27/2012

Trailing Total Returns - WAVIX

as of 01/31/2016
TimeframeWAVIXS&P 500Managed Futures
1 Month2.78%-4.96%2.29%
3 Month4.82%-6.18%3.20%
1 Year5.77%-0.67%-2.58%
3 Year8.68%11.30%2.89%
5 Year--10.91%-0.55%
10 Year--6.48%--
Since Inception7.84%10.33%--

Sector Allocation - WAVIX

as of 01/31/2016
Basic Materials--
Consumer Cyclical--
Financial Services--
Real Estate--
Consumer Defensive--
Communication Services--

Asset Allocation - WAVIX

as of 01/31/2016
By PercentShort0%LongNet
Foreign Stock0.69
Foreign Bond0.00
Total Net Assets$590.38M
Total Stock Holdings1
Total Bond Holdings9

Top Ten Holdings - WAVIX

as of 01/31/2016
CompanyYTD Return% of Assets
Euro Bobl Future--0.24%
Euro Schatz--0.24%
Euro-Bund Future--0.15%
SFE SPI 200 Index Future Dec15--0.13%
H-Shares Index Futures--0.12%
3 Mo Sterling (Short Sterling)--0.11%
Ftse 100 Index--0.11%
90day Euro$ Future--0.10%
Hang Seng Index Future--0.09%

Valuation & Growth - WAVIX

as of 01/31/2016
ValuationWAVIXCategory Range
Price/Cash Flow--
Dividend Yield1.25
LT Earnings12.43
Historical Earnings
Sales Growth8.42
Cash-Flow Growth10.84
Book-Value Growth7.66
Key:  Lo 

Morningstar Summary - WAVIX, 3 Year

Management Style
Large Cap
Medium Cap
Small Cap
Ratingvs Category
RiskAbove Avg
ReturnAbove Avg
Key:  Lo 

Tax Analysis - WAVIX, 3 Year Avg

Pretax Return8.68%
Tax-adjusted Return6.86%
Tax Cost Ratio1.67%
Potential Cap Gains-4.18%

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