WAVEX — Longboard Managed Futures Strategy Fund
Data updated: 2024-04-26
WAVEX — Longboard Managed Futures Strategy Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Commodity · $21.60M AUM · 3.24% expense ratio · 4.7% 1-yr return. From SEC regulatory filings.
WAVEX Fund Overview
WAVEX — Longboard Managed Futures Strategy Fund is a US mutual fund managed by Northern Lights Fund Trust II, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust II
- Category: Commodity
- Assets under management: $21.60M
- 1-year return: 4.7%
- Ticker: WAVEX
- SEC CIK: 0001518042
- SEC series ID: S000037428
- Share class ID: C000115546
WAVEX Holdings
Top 10 holdings of Longboard Managed Futures Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury Bills | 45.83% |
| Eurex Deutschland | 0.41% |
| Osaka Exchange | 0.33% |
| Ice Futures U.s. | 0.31% |
| Ice Futures Europe | 0.24% |
| Italian Derivatives Market | 0.20% |
| Ice Futures Europe - Agricultural Products Division | 0.19% |
| Asx - Trade24 | 0.18% |
| Chicago Board Of Trade | 0.17% |
| Chicago Mercantile Exchange (floor) | 0.15% |
WAVEX Portfolio Allocation
Asset-class allocation of Longboard Managed Futures Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 45.8% |
| Derivatives | 2.3% |
| Real Estate | 0.4% |
WAVEX Performance
Total returns for WAVEX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.7% |
| 3 years (annualised) | 4.6% |
WAVEX Risk Information
Risk metrics for WAVEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.8%
WAVEX Costs and Fees
WAVEX costs about $324 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.24%
- Gross expense ratio: 3.24%
- Portfolio turnover: 0%
- Brokerage commissions: 6.28 bps of average net assets (SEC N-CEN)
WAVEX Cashflows
Over the 12 months to 2024-02, Longboard Managed Futures Strategy Fund had net inflows of $13.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-02 | $1.95M |
| 2024-01 | $1.52M |
| 2023-12 | $4.15M |
| 2023-11 | $1.35M |
| 2023-10 | $598.84K |
| 2023-09 | $320.69K |
WAVEX Debt Constituents
Largest debt holdings of Longboard Managed Futures Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Bills | 45.83% |
WAVEX Prospectus and SEC Filings
Official Longboard Managed Futures Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Commodity 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.