Longboard A (LONAX)
| Fund Assets | 142.26M |
| Expense Ratio | 2.24% |
| Min. Investment | $2,500 |
| Turnover | 61.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 15.11 |
| YTD Return | 1.77% |
| 1-Year Return | 3.95% |
| 5-Year Return | 32.46% |
| 52-Week Low | 13.50 |
| 52-Week High | 15.82 |
| Beta (5Y) | 0.67 |
| Holdings | 423 |
| Inception Date | Dec 9, 2015 |
About LONAX
Longboard Alternative Growth Fund Class A is an open-end mutual fund designed to pursue long-term capital appreciation through alternative investment strategies. This fund employs a combination of systematic long/short equity and macro trend-following strategies, along with cash management, to seek returns that are less correlated to traditional equity markets. The investment approach allows the fund to take both long positions, benefiting from rising asset prices, and short positions, aiming to profit from declining asset prices. The fund maintains a broad and diversified portfolio, typically holding a large number of individual securities and cash equivalents, with a significant portion allocated to stocks and a smaller allocation to cash or cash-like instruments. Its holdings span various sectors and include both large-cap equities and U.S. Treasury bills, emphasizing risk management and liquidity. Managed under the Northern Lights Fund Trust II, Longboard Alternative Growth Fund Class A is considered a non-diversified fund, providing investors exposure to alternative growth strategies as a potential source of diversification and reduced volatility relative to conventional equity funds.
Performance
LONAX had a total return of 3.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.21%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| LONGX | Class I | 1.99% |
Top 10 Holdings
2.38% of assets| Name | Symbol | Weight |
|---|---|---|
| Automatic Data Processing, Inc. | ADP | 0.28% |
| Boston Scientific Corporation | BSX | 0.26% |
| Starwood Property Trust, Inc. | STWD | 0.25% |
| Phillips Edison & Company, Inc. | PECO | 0.23% |
| Arthur J. Gallagher & Co. | AJG | 0.23% |
| Roper Technologies, Inc. | ROP | 0.23% |
| The Progressive Corporation | PGR | 0.23% |
| The Bank of New York Mellon Corporation | BK | 0.23% |
| Box, Inc. | BOX | 0.22% |
| The TJX Companies, Inc. | TJX | 0.22% |