WAVIX Performance — Longboard Managed Futures Strategy Fund
Data updated: 2024-04-26
WAVIX returned +5.09% over one year to Feb 2024. The annualised 3-year return is +4.85%. The fund beat its Commodities category average: $100 invested three years ago grew to $115, against $110 for the category, and to $105 over one year, against $100. Volatility over the past three years was 8.28% a year. In the 12 months to Feb 2024 the fund took in a net $13.8M, and assets reached $21.60M.
WAVIX Growth of $100
What $100 invested in Longboard Managed Futures Strategy Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Commodities category average over the same months.
| Period | WAVIX | Category average |
|---|---|---|
| 1 year (Mar 2023 – Feb 2024) | $105 | $100 |
| 3 years (Mar 2021 – Feb 2024) | $115 | $110 |
| Since data start (Mar 2020 – Feb 2024) | $125 | $131 |
WAVIX Trailing Returns
Total returns to Feb 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +5.09% |
| 3 years (annualised) | +4.85% |
WAVIX Annual Returns
Calendar-year total returns of Longboard Managed Futures Strategy Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Feb) | +6.05% |
| 2023 | −1.01% |
| 2022 | +8.53% |
| 2021 | +5.36% |
| 2020 (Mar–Dec) | +4.34% |
WAVIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +2.2% | +3.7% | — | — | — | — | — | — | — | — | — | — |
| 2023 | −1.7% | +1.6% | −0.9% | +2.3% | +1.1% | +1.8% | −0.9% | −0.6% | +0.3% | +0.8% | −1.5% | −3.2% |
| 2022 | +0.4% | +1.5% | +4.1% | +4.7% | −0.5% | +1.3% | −3.6% | +3.5% | +3.7% | −1.2% | −5.2% | 0.0% |
| 2021 | +1.0% | +3.2% | −0.4% | +3.9% | +1.6% | −2.1% | −1.1% | 0.0% | −0.6% | +1.9% | −3.8% | +2.0% |
| 2020 | — | — | +6.5% | −1.4% | −2.3% | −2.4% | −0.4% | −0.2% | −3.0% | −1.0% | +3.0% | +6.1% |
WAVIX Risk
Risk measures from monthly returns over Mar 2021 – Feb 2024.
- 3-year volatility (annualised): 8.28%
- 3-year Sharpe ratio: 0.04 (vs 4.5% risk-free rate)
- Best month: +4.74% (Apr 2022)
- Worst month: −5.22% (Nov 2022)
WAVIX Fund Flows
Monthly money in and out of Longboard Managed Futures Strategy Fund, from SEC Form N-PORT.
- 12-month net flow: $13.8M
- 12-month gross sales (incl. reinvestments): $2.2M
- Sales ÷ redemptions: -0.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Feb 2024 | $70K | −$1.9M | $2.0M |
| Jan 2024 | $60K | −$1.5M | $1.5M |
| Dec 2023 | $1.6M | −$2.6M | $4.2M |
| Nov 2023 | $7K | −$1.3M | $1.4M |
| Oct 2023 | $59K | −$540K | $599K |
| Sep 2023 | $15K | −$306K | $321K |
| Aug 2023 | $79K | −$647K | $727K |
| Jul 2023 | $19K | −$251K | $270K |
| Jun 2023 | $123K | −$1.2M | $1.4M |
| May 2023 | $31K | −$179K | $211K |
| Apr 2023 | $46K | −$861K | $907K |
| Mar 2023 | $140K | −$269K | $408K |
WAVIX Assets Under Management
Net assets of Longboard Managed Futures Strategy Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-02-29 | $21.60M |
| 2023-11-30 | $26.83M |
| 2023-08-31 | $29.06M |
| 2023-05-31 | $30.85M |
| 2023-02-28 | $31.20M |
| 2022-11-30 | $32.12M |
| 2022-08-31 | $36.74M |
| 2022-05-31 | $39.47M |
| 2022-02-28 | $36.30M |
| 2021-11-30 | $35.97M |
| 2021-08-31 | $39.14M |
| 2021-05-31 | $42.61M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.