Multialternative

These funds offer investors exposure to several different alternative investment tactics. Funds in this category have a majority of their assets exposed to alternative strategies. An investor's exposure to different tactics may change slightly over time in response to market movements. Funds in this category include both funds with static allocations to alternative strategies and funds tactically allocating among alternative strategies and asset classes. The gross short exposure is greater than 20%. Morningstar®

Alpha Opportunistic Growth Fund (ACOPX)

Performance (1-yr.): 10.41% Expenses: 2.71%
Performance (1-mo.): 0.20% Total Assets: $41.66M
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Altegris Multi-Strategy Alternative Fund (MULAX)

Performance (1-yr.): Expenses: 2.77%
Performance (1-mo.): 0.40% Total Assets: $1.37M
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Alternative Strategies Mutual Fund (AASAX)

Performance (1-yr.): 1.62% Expenses: 2.90%
Performance (1-mo.): 1.39% Total Assets: $18.91M
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American Independence Fusion Fund (AFFAX)

Performance (1-yr.): 6.58% Expenses: 2.45%
Performance (1-mo.): 0.00% Total Assets: $6.47M
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AQR Multi-Strategy Alternative Fund (ASAIX)

Performance (1-yr.): 3.77% Expenses: 2.05%
Performance (1-mo.): 0.39% Total Assets: $1.24B
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Arden Alternative Strategies Fund (ARDNX)

Performance (1-yr.): Expenses: 2.30%
Performance (1-mo.): 0.29% Total Assets: $968.64M
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Armour Tactical Flex Fund (ARMFX)

Performance (1-yr.): Expenses: 2.05%
Performance (1-mo.): 1.60% Total Assets: $49,092
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Arrow Alternative Solutions Fund (ASFFX)

Performance (1-yr.): 2.73% Expenses: 1.95%
Performance (1-mo.): 0.00% Total Assets: $13.84M
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ASTON/Lake Partners LASSO Alternatives Fund (ALSOX)

Performance (1-yr.): 12.03% Expenses: 3.06%
Performance (1-mo.): 0.91% Total Assets: $421.98M
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Aurora Horizons Fund (AHFAX)

Performance (1-yr.): Expenses: 2.71%
Performance (1-mo.): 0.10% Total Assets: $125.57M
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Top Performing Multialternative Funds as of 06.05.2013

Longview Tactical Allocation Fund (LONGX)

Total Return: 2.83%

Bridgehampton Value Strategies Fund (BVSFX)

Total Return: 2.50%

KCM Macro Trends Fund (KCMTX)

Total Return: 2.31%

Bridgehampton Value Strategies Fund (BVSFX)

Total Return: 23.93%

William Blair Macro Allocation Fund (WMCIX)

Total Return: 22.86%

KCM Macro Trends Fund (KCMTX)

Total Return: 17.78%

Dreyfus Global Alpha Fund (AVGAX)

Total Return: 10.08%

GMG Defensive Beta Fund (MPDAX)

Total Return: 9.34%

Hundredfold Select Alternative Fund (SFHYX)

Total Return: 9.21%

* annualized