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Global Macro Fund

GRRIX - I SHARES | GRSSX - R6 SHARES

Overview

AT A GLANCE
  • $9.42 M

    Portfolio Assets 12-1-2021

  • $9.62 NAV 12-1-2021
  • 2.96%

    Gross Expenses1

  • 2.12%*

    Net Expenses1

  • 470258799

    CUSIP

  • 02/01/2011

    Inception Date

*The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses until at least March 19, 2023 for I Shares to ensure that net annual operating expenses will not exceed 1.48%, subject to possible recoupment from the Fund in future years.

Overall Morningstar rating as of September 30, 2021. Based on risk-adjusted returns. Category: Systematic Trend out of 72 funds.3

$599.5 Billion Market Capitalization

That’s the market cap of the HFRI Macro Total Index, which represents 19% of the total hedge fund capital as of 9/30/19.

Diversification

Global macro strategies can be valuable diversifiers to stock and bond portfolios.

FUND OBJECTIVE

Seek to achieve attractive long-term risk-adjusted returns relative to traditional financial market indices.

FUND STRATEGY

  • Seeks to track the global universe of more than 200 macro funds.
  • The Fund seeks to deliver the return streams of Global Macro hedge funds that can go long or short2 across a variety of assets and strategies such as, CTA/Managed Futures, equities, fixed income, commodity, currency, etc
  • Uses a systematic, bottom-up approach that integrates both quantitative and discretionary strategies
  • Broadly diversified strategy, with positions across a range of global markets, and taking both relative value and directional positions