Morningstar

Multi-Strategy Funds

Multi-strategy portfolios offer investors exposure to two or more alternative investment strategies (such as options, macro trading, event-driven, relative value, systematic trend, etc.) through either a single-manager or multi-manager approach. The mutual funds and ETFs may utilize static allocations to alternative strategies as well as tactically adjusting their exposure to different alternative strategies and asset classes.
Screen With Investor
Name
Morningstar Rating for Funds
Overall
Total Return
1 Year
Total Return
3 Year
Total Return
5 Year
Adjusted Expense Ratio
Fund Size
Medalist Rating
Overall
1290 Multi-Alternative Strategies Fund Class A
TNMAX
17.18%11.14%4.33%1.530%$39.04M—
 1290 Multi-Alternative Strategies Fund Class I
TNMIX
17.47%11.42%4.60%1.280%$39.04M—
 1290 Multi-Alternative Strategies Fund Class R
TNMRX
16.89%10.86%4.07%1.780%$39.04M—
 Absolute CEF Opportunities Fund Institutional Shares
ACEFX
11.31%3.05%−0.23%5.280%$4.92M—
 Allspring Alternative Risk Premia Fund Class R6
WRPRX
19.22%8.09%7.32%0.640%$122.35M—
 Allspring Alternative Risk Premia Fund Institutional Class
WRPIX
19.30%8.05%7.27%0.740%$122.35M—
 AlphaCentric Symmetry Strategy Fund Class A
SYMAX
23.02%9.68%7.41%1.980%$59.90M—
 AlphaCentric Symmetry Strategy Fund Class C
SYMCX
22.09%8.87%6.61%2.730%$59.90M—
 AlphaCentric Symmetry Strategy Fund Class I
SYMIX
23.29%9.92%7.65%1.730%$59.90M—
 AQR Alternative Risk Premia Fund Class I
QRPIX
32.84%21.41%19.55%1.480%$861.53M
AQR Alternative Risk Premia Fund Class N
QRPNX
32.46%21.15%19.28%1.740%$861.53M
AQR Alternative Risk Premia Fund Class R6
QRPRX
33.01%21.56%19.69%1.340%$861.53M
AQR Diversifying Strategies Fund Class I
QDSIX
13.34%13.18%12.09%1.230%$9.19B
AQR Diversifying Strategies Fund Class N
QDSNX
13.05%12.92%11.80%1.500%$9.19B
AQR Diversifying Strategies Fund Class R6
QDSRX
13.54%13.29%12.17%1.110%$9.19B
AQR Style Premia Alternative Fund Class I
QSPIX
16.11%18.41%19.22%1.530%$2.92B
AQR Style Premia Alternative Fund Class N
QSPNX
15.73%18.11%18.94%1.800%$2.92B
AQR Style Premia Alternative Fund Class R6
QSPRX
16.20%18.52%19.33%1.420%$2.92B
Aspiriant Defensive Allocation Fund
RMDFX
17.97%12.42%6.87%5.350%$1.13B—
 BlackRock Systematic Multi-Strategy Fund Class K
BKMBX
4.08%6.20%3.67%0.810%$7.89B
BlackRock Systematic Multi-Strategy Fund Institutional Shares
BIMBX
3.96%6.11%3.57%0.920%$7.89B
BlackRock Systematic Multi-Strategy Fund Investor A Shares
BAMBX
3.66%5.78%3.27%1.200%$7.89B
BlackRock Systematic Multi-Strategy Fund Investor C Shares
BMBCX
2.89%5.05%2.55%1.900%$7.89B
Blackstone Alternative Multi-Strategy Fund Class D
BXMDX
12.85%9.27%5.01%3.260%$3.61B
Blackstone Alternative Multi-Strategy Fund Class I
BXMIX
13.08%9.53%5.27%3.010%$3.61B

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