About DVRAX
MFS Global Alternative Strategy Fund Class A is a mutual fund that seeks total return on a global scale through an alternative investment approach. Its primary goal is to achieve returns that meet or exceed 2-4% over the ICE BofA 0-3 Month U.S. Treasury Bill Index, net of fund expenses, across a full market cycle, while reducing dependence on favorable equity or fixed income conditions. The fund employs a flexible strategy that separates active security selection from tactical allocations in equity, fixed income, and currency markets, aiming for consistent performance with lower correlation to traditional asset classes. It invests long and short in diverse equities across regions including U.S. large cap and small/mid cap, Europe ex-U.K., emerging markets, Asia/Pacific ex-Japan, Japan, and others, alongside fixed income positions and cash equivalents. Currency derivatives and other offsets help manage exposures, targeting a net exposure summary of 100%. Managed by MFS Investment Management since its class inception in 2007, this Class A share class features a front-end sales charge structure, providing investors access to a macro trading style focused on alternative strategies for diversified portfolio enhancement.
Fund Family MFS
Category Macro Trading
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol DVRAX
Share Class A
Index Bloomberg U.S. Treasury 1-3 Y TR
DVRAX had a total return of 5.08% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.46%.
