FS Multi-Strategy Alternatives Fund I (FSMSX)
11.60
0.00 (0.00%)
USD |
Dec 04 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.72% | 1.675B | -- | 987.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -381.19M | 4.10% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide shareholders with positive absolute returns over a complete market cycle. It will actively allocate its assets across a broad spectrum of alternative investment strategies. The fund will seek to provide exposure to alternative strategies with low correlation to equity and fixed income markets. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Multi Strategies |
| Peer Group | Alternative Multi-Strategy Funds |
| Global Macro | Liquid Alternatives |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Multi-Strategy Funds |
| Fund Owner Firm Name | Future Standard |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
85
-91.76M
Peer Group Low
390.34M
Peer Group High
1 Year
% Rank:
96
-381.19M
-687.31M
Peer Group Low
3.180B
Peer Group High
3 Months
% Rank:
92
-211.79M
Peer Group Low
752.21M
Peer Group High
3 Years
% Rank:
7
-2.953B
Peer Group Low
4.314B
Peer Group High
6 Months
% Rank:
94
-410.33M
Peer Group Low
2.290B
Peer Group High
5 Years
% Rank:
9
-2.769B
Peer Group Low
4.447B
Peer Group High
YTD
% Rank:
96
-608.23M
Peer Group Low
3.118B
Peer Group High
10 Years
% Rank:
14
-3.818B
Peer Group Low
6.723B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 05, 2025.
Asset Allocation
As of June 30, 2025.
| Type | % Net |
|---|---|
| Cash | 12.33% |
| Stock | -2.70% |
| Bond | 87.11% |
| Convertible | 0.00% |
| Preferred | 0.48% |
| Other | 2.78% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Federal National Mortgage Association 5.5% 01-JUL-2055
|
95.67% | -- | -- |
|
Federal National Mortgage Association 5% 01-JUL-2055
|
19.36% | -- | -- |
|
Cash and Cash Equivalents
|
12.40% | -- | -- |
|
Barclays Bank PLC 0% 29-DEC-2025
|
8.95% | -- | -- |
|
USD Cash
|
4.71% | -- | -- |
|
Barclays Bank PLC 0% 29-DEC-2025
|
2.87% | -- | -- |
| Clarios Global LP CLARGLO 05/15/2027 FIX USD Corporate 144A (Called) | 0.70% | 100.16 | -0.06% |
|
NEUBERGER BERMAN LOAN ADVISERS LLC 29RR A2R SEQ FLT 5.78947% 19-JAN-2039
|
0.66% | -- | -- |
|
ELMWOOD CLO 2RR A2R SEQ FLT 5.84317% 20-OCT-2037
|
0.62% | -- | -- |
|
NORTHWOODS CAPITAL LIMITED 12BR BR FLT 5.99928%
|
0.59% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 1.25% |
| Administration Fee | 1.22M% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide shareholders with positive absolute returns over a complete market cycle. It will actively allocate its assets across a broad spectrum of alternative investment strategies. The fund will seek to provide exposure to alternative strategies with low correlation to equity and fixed income markets. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Multi Strategies |
| Peer Group | Alternative Multi-Strategy Funds |
| Global Macro | Liquid Alternatives |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Multi-Strategy Funds |
| Fund Owner Firm Name | Future Standard |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-3-25) | 2.23% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 764 |
| Bond | |
| Yield to Maturity (6-30-25) | 4.93% |
| Effective Duration | -- |
| Average Coupon | 5.98% |
| Calculated Average Quality | 1.808 |
| Effective Maturity | 22.82 |
| Nominal Maturity | 22.93 |
| Number of Bond Holdings | 652 |
As of June 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 5/16/2017 |
| Last Annual Report Date | 12/31/2024 |
| Last Prospectus Date | 5/1/2025 |
| Share Classes | |
| FSMMX | A |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FSMSX", "name") |
| Broad Asset Class: =YCI("M:FSMSX", "broad_asset_class") |
| Broad Category: =YCI("M:FSMSX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FSMSX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |