FS Multi-Strategy Alternatives Fund Class A (FSMMX)
| Fund Assets | 1.58B |
| Expense Ratio | 1.97% |
| Min. Investment | $2,500 |
| Turnover | 987.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 3.62% |
| Dividend Growth | 71.24% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 15, 2025 |
| Previous Close | 11.83 |
| YTD Return | 1.37% |
| 1-Year Return | 4.74% |
| 5-Year Return | 28.70% |
| 52-Week Low | 10.92 |
| 52-Week High | 11.84 |
| Beta (5Y) | 0.11 |
| Holdings | 735 |
| Inception Date | May 16, 2017 |
About FSMMX
FS Multi-Strategy Alternatives Fund Class A is a diversified mutual fund designed to deliver positive absolute returns over a full market cycle, regardless of traditional market conditions. Its core function is to strategically allocate assets across multiple alternative investment strategies, targeting lower correlation with conventional equity and fixed income markets. The fund invests mainly in mortgage securities, corporate bonds, asset-backed securities, and short-term instruments, with smaller allocations to equities and options. This multi-strategy approach aims to provide diversification and risk reduction within a single investment vehicle. The fund holds hundreds of individual securities and maintains a low historic beta, reflecting its relatively low sensitivity to broad market swings. It caters to investors seeking exposure to alternatives as a complement to traditional portfolios, serving a role in potentially smoothing out performance and preserving capital during periods of market volatility. FS Multi-Strategy Alternatives Fund Class A is managed by a team utilizing both internal and third-party expertise in alternative assets, emphasizing adaptability and broad market coverage within alternative investment segments.
Performance
FSMMX had a total return of 4.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.61%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| FSMSX | Class I | 1.72% |
Top 10 Holdings
141.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association - FANNIE MAE OR FREDDIE MAC 30YR TBA (OCTOBER) | FNCL.5.5 10.11 | 88.03% |
| Federal National Mortgage Association - FANNIE MAE OR FREDDIE MAC 30YR TBA (OCTOBER) | FNCL.5 10.11 | 20.27% |
| Federal National Mortgage Association - FANNIE MAE OR FREDDIE MAC 30YR TBA (NOVEMBER) | FNCL.5.5 11.11 | 11.77% |
| BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2025 | n/a | 8.88% |
| S&P 500 ANNL DIV DEC27 PHYSICAL INDEX FUTURE. | SDAZ27 | 3.33% |
| BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2025 | n/a | 2.63% |
| BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2025 | BACR.0 12.29.25 EMVL | 1.75% |
| United States of America - TREASURY BILL 0.000000% 10/23/2025 | B.0 10.23.25 | 1.63% |
| United States of America - TREASURY BILL 0.000000% 10/02/2025 | B.0 10.02.25 | 1.46% |
| United States of America - US 5YR NOTE (CBT) DEC25 FINANCIAL COMMODITY FUTURE. | FVZ25 | 1.24% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 15, 2025 | $0.4281 | Dec 16, 2025 |
| Dec 12, 2024 | $0.250 | Dec 13, 2024 |
| Dec 11, 2023 | $0.3715 | Dec 12, 2023 |
| Dec 8, 2022 | $0.4241 | Dec 9, 2022 |
| Dec 28, 2021 | $0.3206 | Dec 29, 2021 |
| Dec 21, 2020 | $0.04216 | Dec 22, 2020 |