Macro Allocation Fund

Performance

Class N Shares Factsheet

Macro Allocation Fund

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As of 7/31/2017

Standardized Returns

  Month YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs. Life of Fund
11/29/2011
Macro Allocation Fund 0.17% 3.08% 4.58% -0.42% 4.65% -- 5.53%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.09% 0.39% 0.54% 0.26% 0.19% -- 0.17%
Morningstar Multialternative Category 0.71% 2.94% 2.82% 1.06% 2.86% -- --
Morningstar Quartile Ranking in Category----241----
Fund's Ranking / # of Funds in Peer Group----131 / 393207 / 24116 / 151----
Morningstar Rating----------
Expense Ratio (Gross): 1.53%
Expense Ratio (Net): 1.50%

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.