AlphaSimplex Managed Futures lacks the might of some larger quantitative peers, but its close-knit team and research-centered approach support a Morningstar Analyst Rating of Bronze for its cheapest share classes. The most expensive share class remains Neutral.
AlphaSimplex Mgd Futs Strat A AMFAX
NAV / 1-Day Return
10.15
/
0.69
%
Total Assets
1.5 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.710%
Expense Ratio
1.710%
Fee Level
Below Average
Longest Manager Tenure
11.47
years
Category
Systematic Trend
Alt Style Correlation / Relative Volatility
Negative / MediumMin. Initial Investment
2,500
Status
Open
TTM Yield
5.74%
Turnover
—
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will AMFAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AMFAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AMFAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of AMFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A close-knit team manages this systematic strategy.
