FS Multi-Strategy Alternatives Fund I (FSMSX)
11.56
0.00 (0.00%)
USD |
Oct 05 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 2.02% | 1.407B | -- | 636.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -385.62M | 4.94% |
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 |
| Equity Style | -- |
| 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:
15
-436.74M
Peer Group Low
1.127B
Peer Group High
1 Year
% Rank:
95
-385.62M
-880.72M
Peer Group Low
5.010B
Peer Group High
3 Months
% Rank:
95
-683.48M
Peer Group Low
1.802B
Peer Group High
3 Years
% Rank:
42
-1.455B
Peer Group Low
8.701B
Peer Group High
6 Months
% Rank:
95
-866.44M
Peer Group Low
6.545B
Peer Group High
5 Years
% Rank:
16
-2.616B
Peer Group Low
9.029B
Peer Group High
YTD
% Rank:
95
-723.90M
Peer Group Low
6.593B
Peer Group High
10 Years
% Rank:
--
-2.552B
Peer Group Low
5.906B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of October 07, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 17.94% |
| Stock | -4.25% |
| Bond | 79.19% |
| Convertible | 0.00% |
| Preferred | 2.61% |
| Other | 4.51% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Federal National Mortgage Association 5.5% 01-JUL-2056
|
105.4% | -- | -- |
|
Federal National Mortgage Association 5% 01-JUL-2056
|
25.41% | -- | -- |
|
Cash and Cash Equivalents
|
12.20% | -- | -- |
|
Barclays Bank PLC 0% 29-DEC-2026
|
10.15% | -- | -- |
|
USD Cash
|
7.26% | -- | -- |
|
Barclays Bank PLC 29-DEC-2026
|
3.64% | -- | -- |
|
Societe Generale SA 0% 20-APR-2029
|
3.23% | -- | -- |
|
Barclays Bank PLC 0% 29-DEC-2026
|
2.65% | -- | -- |
| iShares Bitcoin Trust ETF | 1.21% | 48.48 | -0.15% |
|
SWCH COMMERCIAL MORTGAGE TRUST 25DATA E FLT 6.96561% 15-FEB-2042
|
0.91% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 1.22% |
| Administration Fee | 1.205M None |
| 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 |
TTM Distributions
| Type | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of September 30, 2026.
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 |
| Equity Style | -- |
| 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 (10-5-26) | 2.33% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 608 |
| Bond | |
| Yield to Maturity (6-30-26) | 5.88% |
| Effective Duration | -- |
| Average Coupon | 6.05% |
| Calculated Average Quality | 1.666 |
| Effective Maturity | 23.07 |
| Nominal Maturity | 23.12 |
| Number of Bond Holdings | 485 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 5/16/2017 |
| Last Annual Report Date | 12/31/2025 |
| Last Prospectus Date | 5/1/2026 |
| Share Classes | |
| FSMMX | A |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible 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. |