Alternative Funds | Morningstar

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Fund Name

Morningstar Category

Adjusted Expense Ratio %

Return Rank in Category 3Y %

Return Rank in Category 5Y %

Return Rank in Category 10Y %

1290 Multi-Alternative Strategies Fund

Multialternative

1.410

54

43

—

361 Domestic Long/Short Equity Fund

Long-Short Equity

1.390

50

—

—

361 Global Long/Short Equity Fund

Long-Short Equity

1.390

75

74

—

361 Global Managed Futures Strategy Fund

Managed Futures

1.770

62

19

—

361 Managed Futures Strategy Fund

Managed Futures

2.070

79

61

—

AB Select US Long/Short Portfolio

Long-Short Equity

1.610

23

17

—

ABR 50/50 Volatility Fund

Volatility

2.500

—

—

—

ABR 75/25 Volatility Fund

Volatility

1.750

—

—

—

ABR Dynamic Blend Equity & Volatility Fd

Long-Short Equity

2.000

3

4

—

AC Alternatives® Market Neutral Value Fd

Market Neutral

1.480

75

67

—

ACM Dynamic Opportunity Fund

Long-Short Equity

1.680

28

33

—

AMG FQ Long-Short Equity Fund

Long-Short Equity

0.810

44

—

—

AMG River Road Long-Short Fund

Long-Short Equity

1.470

41

48

—

AQR Alternative Risk Premia Fund

Multialternative

1.330

98

—

—

AQR Diversified Arbitrage Fund

Market Neutral

1.290

1

2

1

AQR Diversifying Strategies Fund

Multialternative

1.520

—

—

—

AQR Equity Market Neutral Fund

Market Neutral

1.230

99

98

—

AQR Global Macro Fund

Multialternative

1.230

24

72

—

AQR Long-Short Equity Fund

Long-Short Equity

1.280

99

94

—

AQR Managed Futures Strategy Fund

Managed Futures

1.510

70

93

47

AQR Managed Futures Strategy HV Fund

Managed Futures

1.670

89

99

—

AQR Style Premia Alternative Fund

Multialternative

1.550

100

100

—

AXS All Terrain Opportunity Fund

Multialternative

1.930

28

23

—

AXS Alternative Growth Fd

Long-Short Equity

0.990

14

4

—

AXS Aspect Core Diversified Strategy Fd

Managed Futures

1.490

58

67

—

AXS Chesapeake Strategy Fd

Managed Futures

1.870

72

48

—

AXS Managed Futures Strategy Fund

Managed Futures

1.960

71

77

36

AXS Market Neutral Fd

Market Neutral

1.460

69

61

—

AXS Merger Fund

Market Neutral

1.480

55

52

—

AXS Multi-Strategy Alternatives Fund

Long-Short Equity

1.770

55

27

29

Abbey Capital Futures Strategy Fund

Managed Futures

1.790

16

28

—

Abbey Capital Multi Asset Fund

Managed Futures

1.790

—

—

—

Aberdeen Global Absolute Return Strats

Multialternative

0.810

—

—

—

Absolute Capital Opportunities Fund

Long-Short Equity

1.790

33

42

—

Absolute Convertible Arbitrage Fund

Market Neutral

1.220

17

—

—

Absolute Strategies Fund

Multialternative

1.650

88

97

100

Access Flex Bear High Yield Fund

Trading--Inverse Debt

1.780

—

—

—

Alger Dynamic Opportunities Fund

Long-Short Equity

1.410

2

2

6

AlphaCentric Premium Opportunity Fund

Options-based

1.990

1

—

—

AlphaSimplex Global Alternatives

Multialternative

1.340

80

80

55

AlphaSimplex Mgd Futs Strat Fd

Managed Futures

1.450

24

24

1

Altegris Futures Evolution Strategy Fund

Managed Futures

1.690

91

79

—

AmericaFirst Defensive Growth Fund

Long-Short Equity

2.350

79

96

—

American Beacon AHL Mgd Futs Strat Fd

Managed Futures

1.540

9

11

—

American Beacon SSI Alternative Income

Market Neutral

1.580

19

9

—

Anchor Risk Managed Credit Strategies Fd

Long-Short Credit

2.520

61

85

—

Anchor Risk Managed Equity Strategies Fd

Long-Short Equity

2.240

8

—

—

Anchor Risk Managed Global Strategies Fd

Long-Short Equity

2.360

—

—

—

Market Neutral

1.550

38

33

52

Arin Large Cap Theta Fund

Options-based

0.680

39

68

—

Arrow Managed Futures Strategy Fund

Managed Futures

1.720

85

45

84

Aspiriant Defensive Allocation Fund

Multialternative

1.040

40

31

—

Astor Macro Alternative Fund

Multialternative

1.930

3

6

—

BNY Mellon Alt Diversifier StratsFd

Multialternative

1.620

59

70

—

BNY Mellon Dynamic Total Return Fund

Multialternative

1.190

48

47

5

BNY Mellon Global Real Return

Multialternative

0.910

11

18

9

Beacon Accelerated Return Strategy Fund

Options-based

1.240

6

—

—

Beacon Planned Return Strategy Fund

Options-based

1.200

18

—

—

Belmont Theta Income Fund

Options-based

1.990

—

—

—

BlackRock Event Driven Equity Fund

Market Neutral

1.330

10

7

—

BlackRock Global Long/Short Credit Fund

Long-Short Credit

1.140

70

74

—

BlackRock Global Long/Short Equity Fund

Market Neutral

1.580

60

56

—

BlackRock High Equity Income Fund

Options-based

0.850

60

14

3

BlackRock Systematic Multi-Strategy Fd

Multialternative

0.970

25

17

—

BlackRock Tactical Opportunities Fund

Multialternative

1.160

33

37

17

BlackRock Total Factor Fund

Multialternative

0.560

93

—

—

Blackstone Alternative Multi-Strategy Fd

Multialternative

2.380

73

66

—

Boston Partners Emerging Mkts Dyn Eq Fd

Long-Short Equity

1.400

59

25

—

Boston Partners Global Long/Short Fund

Long-Short Equity

1.730

81

87

—

Boston Partners Long/Short Equity Fund

Long-Short Equity

1.960

94

80

72

Boston Partners Long/Short Research Fund

Long-Short Equity

1.380

88

86

54

BrandywineGLOBAL - Alternative Credit Fd

Long-Short Credit

1.660

85

37

—

Bridgeway Managed Volatility Fund

Options-based

0.950

36

49

78

CBOE Vest S&P 500® Buffer Strategy Fund

Options-based

1.000

14

—

—

CBOE Vest S&P 500® Enhanced Gr Strat Fd

Options-based

1.010

2

—

—

CCM Alternative Income Fund

Multialternative

1.170

90

90

—

CMG Tactical All Asset Strategy Fund

Multialternative

1.410

79

—

—

CRM Long/Short Opportunities Fund

Long-Short Equity

1.610

27

—

—

Calamos Hedged Equity Fund

Options-based

0.970

15

12

—

Calamos Market Neutral Income

Market Neutral

1.230

30

22

10

Calamos Phineus Long/Short Fund

Long-Short Equity

1.490

38

—

—

Caldwell & Orkin - Gator Capital L/S Fd

Long-Short Equity

2.000

39

84

86

Camelot Event Driven Fund

Multialternative

2.030

2

1

3

Campbell Systematic Macro Fund

Managed Futures

1.750

27

44

—

Catalyst Buffered Shield Fund

Options-based

1.240

24

5

—

Catalyst Multi-Strategy Fund

Managed Futures

2.430

38

32

—

Catalyst Systematic Alpha Fund

Multialternative

3.000

15

42

—

Catalyst/Millburn Hedge Strategy Fund

Multialternative

2.270

46

9

—

Catalyst/Warrington Strategic Program Fd

Options-based

2.610

96

98

—

Clough Global Long/Short Fund

Long-Short Equity

1.370

20

26

—

Columbia Multi Strategy Alternatives Fd

Multialternative

0.910

97

98

—

Communication Services UltraSector ProFd

Trading--Leveraged Equity

1.780

—

—

—

Comstock Capital Value Fund

Bear Market

5.660

2

7

10

Convergence Long/Short Equity Fund

Long-Short Equity

1.320

66

36

5

Counterpoint Tactical Equity Fund

Long-Short Equity

1.780

100

99

—

Credit Suisse Managed Futs Strat Fd

Managed Futures

1.300

60

54

—

Credit Suisse Multialternative Strat Fd

Multialternative

0.880

66

63

—

Crossmark Steward Covered Call Income Fd

Options-based

1.000

19

—

—

Cullen Enhanced Equity Income Fund

Options-based

0.750

61

25

—

DWS Global Macro Fund

Multialternative

0.730

20

—

—

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