Alternative Strategies Fund
Data updated: 2026-07-28
C000196891 — Alternative Strategies Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $208.65M AUM. Holdings, fees, performance and SEC filings.
C000196891 Fund Overview
Alternative Strategies Fund is a US mutual fund managed by Morgan Stanley Pathway Funds, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Morgan Stanley Pathway Funds
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $208.65M
- 1-year return: 9.4%
- SEC CIK: 0000875186
- SEC series ID: S000060155
- Share class ID: C000196891
C000196891 Investment Objective and Strategy
Alternative Strategies Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Morgan Stanley Pathway Funds.
Investment objective
Long term growth of capital.
Principal investment strategy
Under normal market conditions, the Fund seeks to generate long term growth across market cycles with reduced correlation to the equity and fixed income markets. The Fund seeks to achieve its investment objective by allocating its assets among shares of mutual funds, exchange-traded funds or closed-end funds managed by third-party professional money managers (Underlying Funds). The Underlying Funds may apply a variety of alternative investment strategies, but will typically apply one or more of four main investment strategies, including: (i) investments in real asset strategies, (ii) equity-based tactical, value or event-driven strategies, (iii) absolute return strategies that seek to generate returns independent of market conditions, and (iv) equity hedged (i.e., long/short) strategies. The Underlying Funds investment strategies may rely in part on derivative investments, such as futures, forwards, swaps, swaptions, and options, to implement their investment strategies, to generate positive returns, for hedging or risk management purposes, to limit volatility and to provide exposure to an instrument without directly purchasing it.
The Underlying Funds investments may also include exposure to companies located both in the U.S. and in foreign countries, including companies located in emerging market countries. The Underlying Funds may invest in securities and other investments of all capitalization sizes, including securities and other investment that have exposure to small- and mid-capitalization issues. The Underlying Funds may also invest in investment grade fixed income securities of any maturity or duration. The Fund may, in the future, allocate all or a portion of its assets directly to professional money managers (each, a Sub-Adviser, collectively, the Sub-Advisers), each of which would be responsible for investing its portion of the Funds assets. Currently, the Fund does not use any Sub-Advisers. The Funds investment objective is not fundamental and may be changed by the Board of Trustees without shareholder approval.
Due to its investment strategy, the Fund may buy and sell securities and other instruments frequently.
C000196891 Holdings
Top 10 holdings of Alternative Strategies Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pimco Mrtg Opp & Bnd-I2 | 9.62% |
| Blckrck Syst Multi-Str-Inst | 9.55% |
| Abbey Cap Futures Strat-I | 9.12% |
| John Hancock Diver Macr-I | 8.30% |
| Blackrock Evnt Drvn Eq-Inst | 7.75% |
| Bnym Global Real Return-Y | 7.00% |
| Neuberger Berm Lng Shrt-Inst | 6.87% |
| Pimco Crdt Opprt Bnd-Inst | 6.64% |
| Calamos Mrkt Neu, Inc.-I | 5.88% |
| Touchstone Flexible, Inc.-Inst | 5.77% |
C000196891 Portfolio Allocation
Asset-class allocation of Alternative Strategies Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
C000196891 Performance
Total returns for C000196891 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.0% |
| 1 year | 9.4% |
| 3 years (annualised) | 7.0% |
| 5 years (annualised) | 3.8% |
C000196891 Risk Information
Risk metrics for C000196891, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.2%
C000196891 Costs and Fees
C000196891 costs about $161 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.61%
- Gross expense ratio: 2.61%
- Portfolio turnover: 29%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000196891 Cashflows
Over the 12 months to 2026-05, Alternative Strategies Fund had net inflows of $17.96M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $1.23M |
| 2026-04 | $662.37K |
| 2026-03 | −$1.46M |
| 2026-02 | $490.81K |
| 2026-01 | $6.80M |
| 2025-12 | $5.66M |
C000196891 Debt Constituents
No individual debt constituents are reported in Alternative Strategies Fund's latest SEC N-PORT filing.
C000196891 Prospectus and SEC Filings
Official Alternative Strategies Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-26
- Prospectus (485BPOS) — filed 2023-12-21
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2025-11-13
- Annual census (N-CEN) — filed 2024-11-12
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.