A liquid alternative investment strategy that seeks absolute returns with low correlation to traditional assets and other alternative investment strategies.
These strategies use disciplined rules based models to help identify and capitalize
on market trends and price momentum.
Longboard seeks
absolute return + low correlation
Top 10 Systematic Trend Mutual Funds
Comparison of the largest systematic trend mutual funds & correlation scatterplot.
Fund Brochure
Discover the details of our fund and how it can benefit your portfolio.
Longboard vs. Trend Following Benchmark
Source: Portfolio Visualizer, 4/1/15 - 9/30/2025. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. For performance information current to the most recent month-end, please call toll-free 855.294.7540. Total annual operating expenses are 1.99% for Class I.
Longboard vs. Top 10 Systematic Trend Mutual Funds
October 1, 2015 - September 30, 2025
| Symbol | Name | Annualized Total Returns | Correlation to SG Trend | Max Decline | Sharpe Ratio | Sortino Ratio | Net Expense Ratio | Gross Expense Ratio | Adjusted Expense Ratio* |
|---|
ASFYX
Virtus AlphaSimplex Mgd Futures Strategy Fund I
1.07%
0.92
-34.44%
-0.01
-0.02
1.45%
1.57%
1.45%
ABYIX
Abbey Capital Futures Strategy Fund I
2.12%
0.94
-14.97%
0.04
0.06
1.79%
1.85%
1.79%
QMHIX
AQR Managed Futures Strategy HV Fund I
2.74%
0.85
-33.85%
0.12
0.18
3.87%
4.28%
1.68%
LOTIX
LoCorr Market Trend Fund I
1.95%
0.88
-25.40%
0.05
0.08
1.77%
1.77%
1.77%
AHLYX
American Beacon AHL Managed Futures Strat Fd Y
2.73%
0.85
-19.58%
0.11
0.17
1.63%
1.63%
1.63%
PQTIX
PIMCO TRENDS Managed Futures Strategy Fund Inst
2.81%
0.82
-24.19%
0.12
0.17
1.54%
1.76%
1.40%
LONGX
Longboard Fund I
7.55%
0.27
-17.78%
0.45
0.67
1.99%
1.99%
1.99%
LFMIX
LoCorr Macro Strategies Fund I
3.92%
0.84
-11.02%
0.26
0.40
1.88%
1.88%
1.88%
LCSIX
LoCorr Long/Short Commodities Strategy Fund I
4.28%
0.25
-12.48%
0.31
0.53
2.12%
2.12%
2.12%
GPAIX
Grant Park Multi Alternative Strategies Fund I
4.53%
0.59
-14.00%
0.36
0.55
1.54%
1.54%
1.54%
AQMIX
AQR Managed Futures Strategy Fund I
2.89%
0.85
-22.94%
0.13
0.19
2.72%
2.73%
1.26%
*Reflects net expense ratio adjusted for for certain investment related expenses. See PDF disclosures for specific Fund expense limitation period.
Source: Portfolio Visualizer, Ycharts. Comparisons made to Morningstar™ Systematic Trend Category Funds with over $100 million AUM as of 9/30/2025 with an inception data longer than 4/1/2015, sorted by assets under management. Performance data show represents past performance and is not a guarantee of future results. Investment return and principal value wiill fluctuate with changing market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month end performance please call 855.294.7540.
OUR APPROACH
Systematic Trend
Trend Following Investment Process
Own Top Performing Trends
Systematic trend following models seek to own the best performing stocks and sell the worst performing stocks in each industry and sector
Maximize Diversification
Seeks broad trend signal diversification across the total U.S. stock market
Control Downside Risk
Systematic trend following models exit positions and allocate to low correlation T-bills during bear markets
Low Correlation
Seeks to deliver low correlation to other trend following strategies
Schedule a call with Howard Fraser
Let's discuss building a better portfolio together. In this call, you’ll learn:
How we help optimize liquid alternatives
What the Longboard investment approach is
Ways our fund can help improve your portfolio
Asset Allocation
LONGX
CASH
FINANCIALS
INDUSTRIALS
INFORMATION TECHNOLOGY
CONSUMER DISCRETIONARY
UTILITIES
HEALTH CARE
REAL ESTATE
CONSUMER STAPLES
COMMUNICATION SERVICES
ENERGY
MATERIALS
0
5
10
15
20
25
30
35
40
45
50
%Weights
Performance Metrics
4/1/2015 - 9/30/2025
LONGX
SG Trend Index
Beta to SG Trend
0.35
%
1
%
Correlation to SG Trend Index
0.29
%
1
%
Maximum Drawdown
-17.78
%
-20.69
%
Sharpe ratio
0.41
%
0.02
%
Sortino Ratio
0.6
%
0.03
%
Standard Deviation
13.83
%
11.55
%
The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. For performance information current to the most recent month-end, please call toll-free 855.294.7540. Total annual operating expenses are 1.99% for Class I.
Top 10 Largest Holdings1
Ticker
Company
STWD
Starwood Property Trust Inc.
PECO
Phillips Edison & Co Inc.
AJG
Arthur J. Gallagher & Co.
BK
The Bank of New York Mellon Corporation
BOX
Box Inc.
AM
Antero Midstream Corp
NYT
New York Times Co.
WRB
W.R. Berkley Corp
PRDO
Perdoceo Education Corp
NI
NiSource Inc.
1 Source: Longboard, as of 9/30/2025
Liquid Alternative Insights
Our team delivers insights on liquid alternative investments and global economic trends.
Top 10 Alternative Mutual Funds
Comparison of the largest 10 systematic trend mutual funds & correlation scatterplot.
Fund Brochure
Discover the details of our fund and how it can benefit your portfolio.
Monthly Insights
Our view on the past month, including a market and performance update.
faq
Can’t find what you’re looking for?
We’re here for you. If you need additional support, please get in touch - our experts will help you.
Question copy goes here
Answer comes here.
Question copy goes here
Answer comes here.
Question copy goes here
Answer comes here.
Is the strategy systematic or is there any discretion involved in the strategy?
Answer comes here.