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
8.81%11.91%3.89%1.530%$43.40M—
 1290 Multi-Alternative Strategies Fund Class I
TNMIX
9.09%12.19%4.15%1.280%$43.40M—
 1290 Multi-Alternative Strategies Fund Class R
TNMRX
8.54%11.63%3.63%1.780%$43.40M—
 Absolute CEF Opportunities Fund Institutional Shares
ACEFX
5.15%0.81%−0.13%5.280%$4.95M—
 Allspring Alternative Risk Premia Fund Class R6
WRPRX
12.95%8.34%7.64%0.640%$122.95M—
 Allspring Alternative Risk Premia Fund Institutional Class
WRPIX
13.00%8.29%7.60%0.740%$122.95M—
 AlphaCentric Symmetry Strategy Fund Class A
SYMAX
21.26%12.16%7.68%1.980%$67.66M—
 AlphaCentric Symmetry Strategy Fund Class C
SYMCX
20.32%11.32%6.87%2.730%$67.66M—
 AlphaCentric Symmetry Strategy Fund Class I
SYMIX
21.57%12.45%7.94%1.730%$67.66M—
 AQR Alternative Risk Premia Fund Class I
QRPIX
39.66%23.15%22.63%1.480%$1.20B
AQR Alternative Risk Premia Fund Class N
QRPNX
39.29%22.87%22.34%1.740%$1.20B
AQR Alternative Risk Premia Fund Class R6
QRPRX
39.77%23.32%22.77%1.340%$1.20B
AQR Diversifying Strategies Fund Class I
QDSIX
13.69%13.79%13.09%1.230%$11.04B
AQR Diversifying Strategies Fund Class N
QDSNX
13.41%13.53%12.83%1.500%$11.04B
AQR Diversifying Strategies Fund Class R6
QDSRX
13.81%13.89%13.20%1.110%$11.04B
AQR Style Premia Alternative Fund Class I
QSPIX
36.52%20.97%23.82%1.530%$3.61B
AQR Style Premia Alternative Fund Class N
QSPNX
36.19%20.65%23.49%1.800%$3.61B
AQR Style Premia Alternative Fund Class R6
QSPRX
36.72%21.14%23.95%1.420%$3.61B
Aspiriant Defensive Allocation Fund
RMDFX
12.45%12.74%6.85%5.350%$1.14B—
 BlackRock Systematic Multi-Strategy Fund Class K
BKMBX
4.57%6.56%4.07%0.810%$7.26B
BlackRock Systematic Multi-Strategy Fund Institutional Shares
BIMBX
4.46%6.43%3.95%0.920%$7.26B
BlackRock Systematic Multi-Strategy Fund Investor A Shares
BAMBX
4.15%6.14%3.67%1.200%$7.26B
BlackRock Systematic Multi-Strategy Fund Investor C Shares
BMBCX
3.39%5.42%2.95%1.900%$7.26B
Blackstone Alternative Multi-Strategy Fund Class D
BXMDX
7.86%9.14%4.82%3.260%$3.67B
Blackstone Alternative Multi-Strategy Fund Class I
BXMIX
8.12%9.39%5.08%3.010%$3.67B

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