Longboard Alternative Growth Fund Class A (LONAX)

Overview

The fund is designed to offer investors a diversified investment approach by employing three principal strategies: an Equity Strategy, a Futures Strategy, and a Fixed Income Strategy. By diversifying its investments across these different asset classes, the fund aims to achieve its objective under a wide range of market conditions. The allocation of assets across these strategies is guided by an asset allocation model that seeks to align with the benchmark, the Morningstar Moderate Target Risk Index. This model generally targets a mix of 60% stocks and 40% bonds, though the exact allocation can vary based on the discretion of the Adviser. This strategic approach allows for flexibility and adjustment to market conditions, aiming to balance risk with potential returns.

Products and Services

• Equity Strategy

  This component of the fund involves investing in a broad range of equities or stocks. The objective is to achieve growth by identifying and investing in companies with strong fundamentals and potential for appreciation. This strategy leverages market trends and research to select stocks that can offer competitive returns over time.

• Futures Strategy

  The Futures Strategy entails investing in futures contracts on various assets including commodities, indices, and financial instruments. This strategy aims to profit from the changing prices of these contracts in the futures market. It is used to hedge against market volatility and to gain exposure to a wide range of assets without the need to directly invest in them. This approach can enhance the fund's flexibility and potential for returns while managing risk.

• Fixed Income Strategy

  This strategy focuses on investing in fixed income securities, such as bonds, to provide the fund with a steady income stream and to help stabilize its overall portfolio. By including fixed income securities, the fund aims to reduce volatility and risk, making it an attractive option for conservative investors seeking regular income along with capital preservation. The selection of these securities is based on credit quality, duration, and interest rate considerations to optimize returns while managing risks associated with fixed income investments.