Macro Allocation Fund

Performance

Class N Shares Factsheet

Macro Allocation Fund

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As of 5/31/2017

Standardized Returns

  Month YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Life of Fund
11/29/2011
Macro Allocation Fund 0.17% 3.35% 5.15% -0.65% 5.57% -- 5.52%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.05% 0.22% 0.44% 0.21% 0.16% -- 0.15%
Morningstar Multialternative Category 0.46% 2.55% 4.17% 0.88% 3.35% -- --
Morningstar Quartile Ranking in Category----241----
Fund's Ranking / # of Funds in Peer Group----155 / 406201 / 24514 / 155----
Morningstar Rating----------
Expense Ratio (Gross): 1.53%
Expense Ratio (Capped): 1.35%

Calendar Year Total Returns

  2016 2015 2014 2013 2012 2011†
Macro Allocation Fund 2.01% -6.24% 2.55% 13.20% 14.15% 2.63%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.33% 0.05% 0.03% 0.07% 0.11% 0.00%
† Since Fund’s inception on 11/29/11 through 12/31/11.