Multi-Manager Directional Alt Strat Inst holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.
Multi-Manager Directional Alternative Strategies Fund Institutional Class CDAZX
- NAV / 1-Day Return 7.56 / −0.26 %
- Total Assets 327.1M
-
Adj. Expense Ratio
1.790%
- Expense Ratio 2.370%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Long-Short Equity
- Investment Style Mid Blend
- Min. Initial Investment 100
- Status Open
- TTM Yield 12.53%
- Turnover 344%
USD | NAV as of Jun 11, 2026 | 1-Day Return as of Jun 11, 2026, 12:11 AM GMT+0
Morningstar’s Analysis CDAZX
Will CDAZX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the CDAZX 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 CDAZX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings −0.8
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
MS-CS OTC CASH COLLATERAL | 28.72 | 91M | Cash and Equivalents |
MS-CS OTC CASH COLLATERAL | 5.77 | 18M | Cash and Equivalents |
TRSWAP: SNDK US EQUITY | 2.56 | 8M | — |
CASH COLL PLEDGED - JPM - PRIME BR | 2.45 | 8M | Cash and Equivalents |
Tower Semiconductor Ltd | 2.43 | 8M | Technology |
Columbia Short-Term Cash | 2.09 | 7M | Cash and Equivalents |
Silicon Motion Technology Corp ADR | 2.02 | 6M | Technology |
Natera Inc | 1.59 | 5M | Healthcare |
Lattice Semiconductor Corp | 1.26 | 4M | Technology |
Equinix Inc | 1.19 | 4M | Real Estate |
United States