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Multi-Strategy Alternative Income Fund

JAIMX - I SHARES | JAAMX - A SHARES | JACMX - C SHARES | JASMX - R6 SHARES

Overview

AT A GLANCE
  • $13.75 M

    Portfolio Assets 10-15-2021

  • $9.90 NAV 10/15/2021
  • 4.54%

    Gross Expenses1

  • 3.21%*

    Net Expenses1

  • 470258849

    CUSIP

  • 9-29-2014

    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 1.98%, subject to possible recoupment from the Fund in future years.

Overall Morningstar rating as of June 30, 2021. Based on risk-adjusted returns. Category: Multialternative out of 128 funds.6

Diversification

“Multi-Strategy funds are uniquely positioned as a fixed income alternative because of low volatility risk profile that results from strategy-level diversification”2

Potentially Attractive Risk and Return Characteristics

“Multi-Strategy funds have gained favor as a way to improve a portfolio’s overall risk and return characteristics”3

Investor Preference

“Multi-manager funds may be the preferred option for smaller investors who do not have the resources to do their own due diligence and may not qualify for investing directly in private funds.”4

FUND OBJECTIVE

The Portfolio seeks to provide long-term capital appreciation as its primary objective, with a secondary objective of providing income for its shareholders.

FUND STRATEGY

Dynamically allocates between managers and strategies to adjust for changing market conditions. Allocate 50% to 70% of the portfolio to income producing strategies through both traditional and alternative asset classes. Minimize underlying manager/strategy correlations while maintaining desired market exposure, allowing the portfolio to potentially benefit during times of market appreciation. Minimize downside during times of market distress through traditional portfolio hedging techniques and long/short exposure.5