Nasdaq - Delayed Quote USD
Wavelength (WAVLX)
9.65
-0.02
(-0.21%)
At close: 8:02:51 PM EDT
Fund Summary
The fund aims to achieve its investment objective by seeking to establish a balance of investment exposure across possible interest rate environments using global fixed income instruments, while buying and selling securities with a target of maintaining this balance amidst changing market and economic conditions. Its portfolio holdings will primarily include securities sold on U.S. exchanges, exchange-traded funds (“ETFs”), and derivative instruments (including futures contracts).
Risk Overview
| Morningstar Risk Rating | |
| Best 1Y Total Return | 13.08% |
| Worst 1Y Total Return | -- |
| Number of Years Up | 8 |
| Number of Years Down | 3 |
Performance & Risk
| YTD Return | 1.95% |
| 5y Average Return | 2.87% |
| Rank in Category (ytd) | 30 |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.88 |
| Morningstar Risk Rating |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| WAVLX | Category Average | WAVLX | Category Average | WAVLX | Category Average | |
| Alpha | 1.07 | 0.01 | 3.52 | 0.02 | 1.34 | 0.02 |
| BETA | 0.88 | 0 | 0.91 | 0 | 0.86 | 0 |
| Mean Annual Return | 0.19 | 0 | 0.3 | 0 | 0.25 | 0 |
| R-squared | 87.82 | 0.09 | 79.4 | 0.08 | 54.15 | 0.06 |
| Standard Deviation | 7.24 | 0.06 | 6.46 | 0.05 | 5.89 | 0.05 |
| Sharpe Ratio | -0.31 | 0 | 0.13 | 0.01 | 0.17 | 0.01 |
| Treynor Ratio | -2.88 | 0.07 | 0.71 | 0.15 | 0.99 | 0.08 |
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