Morningstar

Longboard Fund Class A LONAX

Morningstar Medalist Rating
Medalist Rating as of | See Longboard Investment Hub
  • NAV / 1-Day Return 16.93  /  −0.35 %
  • Total Assets 114.0M
  • Adj. Expense Ratio
    2.240%
  • Expense Ratio 2.240%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Equity Hedged
  • Investment Style Small Blend
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.00
  • Turnover 61%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:47 AM GMT+0

Morningstar’s Analysis LONAX

Will LONAX outperform in the 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 LONAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LONAX 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 LONAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Longboard A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings LONAX

More LONAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollars

10.24 11M
Cash and Equivalents

Evergy Inc

0.27 284,109
Utilities

Idacorp Inc

0.26 280,598
Utilities

Duke Energy Corp

0.26 274,916
Utilities

Aflac Inc

0.24 259,965
Financial Services

Alliant Energy Corp

0.24 254,781
Utilities

FirstEnergy Corp

0.24 254,726
Utilities

WEC Energy Group Inc

0.24 254,622
Utilities

Southern Co

0.23 250,559
Utilities

American Electric Power Co Inc

0.23 249,173
Utilities

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