Alternative Strategies Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.7%
1 yr return
9.5%
3 Yr Avg Return
6.8%
5 Yr Avg Return
3.7%
Net Assets
$195 M
Holdings in Top 10
76.7%
52 WEEK LOW AND HIGH
$11.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TALTX - Profile
Distributions
- YTD Total Return 8.7%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.24%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlternative Strategies Fund
-
Fund Family NameMORGAN STANLEY PATHWAY FUNDS
-
Inception DateFeb 15, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSukru Saman
Fund Description
Under normal market conditions, the Fund seeks to generate long term growth across market cycles with reduced correlation to the equity and fixed income markets. The Fund seeks to achieve its investment objective by allocating its assets among shares of mutual funds, exchange-traded funds or closed-end funds managed by third-party professional money managers (“Underlying Funds”).
The Underlying Funds may apply a variety of alternative investment strategies, but will typically apply one or more of four main investment strategies, including: (i) investments in real asset strategies, (ii) equity-based tactical, value or event-driven strategies, (iii) absolute return strategies that seek to generate returns independent of market conditions, and (iv) equity hedged (i.e., long/short) strategies.
The Underlying Funds’ investment strategies may rely in part on derivative investments, such as futures, forwards, swaps, swaptions, and options, to implement their investment strategies, to generate positive returns, for hedging or risk management purposes, to limit volatility and to provide exposure to an instrument without directly purchasing it. The Underlying Funds’ investments may also include exposure to companies located both in the U.S. and in foreign countries, including companies located in emerging market countries. The Underlying Funds may invest in securities and other investments of all capitalization sizes, including securities and other investment that have exposure to small- and mid-capitalization issues. The Underlying Funds may also invest in investment grade fixed income securities of any maturity or duration.
The Fund may, in the future, allocate all or a portion of its assets directly to professional money managers (each, a “Sub-Adviser,” collectively, the “Sub-Advisers”), each of which would be responsible for investing its portion of the Fund’s assets. Currently, the Fund does not use any Sub-Advisers.
The Fund’s investment objective is not fundamental and may be changed by the Board of Trustees without shareholder approval.
Due to its investment strategy, the Fund may buy and sell securities and other instruments frequently.
TALTX - Performance
Return Ranking - Trailing
| Period | TALTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | -73.0% | 19.4% | 27.96% |
| 1 Yr | 9.5% | -9.1% | 86.9% | 24.00% |
| 3 Yr | 6.8%* | -9.5% | 16.2% | 32.13% |
| 5 Yr | 3.7%* | -4.9% | 14.4% | N/A |
| 10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TALTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 1.1% | -22.7% | 305.1% | 27.04% |
| 2024 | 4.0% | -9.8% | 27.3% | 27.82% |
| 2023 | 1.9% | -20.8% | 10.9% | N/A |
| 2022 | -8.4% | -12.4% | 29.4% | N/A |
| 2021 | 4.6% | -10.5% | 15.8% | N/A |
Total Return Ranking - Trailing
| Period | TALTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | -73.0% | 19.4% | 27.96% |
| 1 Yr | 9.5% | -13.4% | 86.9% | 22.18% |
| 3 Yr | 6.8%* | -9.5% | 16.2% | 30.12% |
| 5 Yr | 3.7%* | -5.3% | 14.4% | N/A |
| 10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TALTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 8.1% | -22.7% | 305.1% | 27.41% |
| 2024 | 10.0% | -9.8% | 27.3% | 28.23% |
| 2023 | 12.1% | -20.8% | 10.9% | N/A |
| 2022 | -1.6% | -8.4% | 29.4% | N/A |
| 2021 | 6.2% | -10.2% | 18.0% | N/A |
NAV & Total Return History
TALTX - Holdings
Concentration Analysis
| TALTX | Category Low | Category High | TALTX % Rank | |
|---|---|---|---|---|
| Net Assets | 195 M | 1.5 M | 5.01 B | 63.10% |
| Number of Holdings | 16 | 4 | 4478 | 93.29% |
| Net Assets in Top 10 | 149 M | -398 M | 2.55 B | 51.94% |
| Weighting of Top 10 | 76.66% | 13.1% | 100.0% | 30.73% |
Top 10 Holdings
- PIMCO MORTGAGE OPPORTUNITIES AND BOND FUND CL I-2 USD INC 0.00000000 9.89%
- BLACKROCK SYSTEMATIC MULTI-STRATEGY FUND CL INSTITUTIONAL 0.00000000 9.86%
- ABBEY CAPITAL FUTURES STRATEGY FUND CL I 0.00000000 8.84%
- BLACKROCK EVENT DRIVEN EQUITY FUND CL INSTITUTIONAL 0.00000000 7.87%
- JOHN HANCOCK DIVERSIFIED MACRO FUND CL I USD INC 0.00000000 7.69%
- BNY MELLON GLOBAL REAL RETURN FUND CL Y USD INC 0.00000000 6.96%
- NEUBERGER BERMAN LONG SHORT FUND CL INSTITUTIONAL USD INC 0.00000000 6.94%
- PIMCO CREDIT OPPORTUNITIES BOND FUND CL INSTITUTIONAL 0.00000000 6.93%
- CALAMOS MARKET NEUTRAL INCOME FUND CL I USD INC 0.00000000 5.92%
- TOUCHSTONE FLEXIBLE INCOMEFUND CL INSTITUTIONAL 0.00000000 5.78%
Asset Allocation
| Weighting | Return Low | Return High | TALTX % Rank | |
|---|---|---|---|---|
| Stocks | 98.65% | -3.75% | 97.95% | 57.24% |
| Cash | 1.35% | -6278.21% | 410.43% | 90.46% |
| Convertible Bonds | 0.57% | 0.00% | 87.92% | 16.96% |
| Preferred Stocks | 0.00% | -0.12% | 46.97% | 24.73% |
| Other | 0.00% | -21.53% | 148.54% | 39.22% |
| Bonds | 0.00% | -326.45% | 6347.80% | 6.71% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TALTX % Rank | |
|---|---|---|---|---|
| Financial Services | 16.79% | 0.00% | 59.28% | 16.14% |
| Technology | 15.25% | 0.00% | 39.58% | 70.87% |
| Industrials | 11.74% | 0.00% | 21.45% | 30.31% |
| Consumer Cyclical | 11.73% | 0.00% | 29.09% | 65.75% |
| Healthcare | 11.70% | 0.00% | 45.63% | 7.09% |
| Communication Services | 7.58% | 0.00% | 21.78% | 66.14% |
| Real Estate | 6.22% | 0.00% | 51.26% | 35.83% |
| Basic Materials | 6.08% | 0.00% | 27.46% | 42.91% |
| Consumer Defense | 5.98% | 0.00% | 13.62% | 61.42% |
| Energy | 4.17% | 0.00% | 100.00% | 64.96% |
| Utilities | 2.77% | 0.00% | 9.23% | 57.09% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TALTX % Rank | |
|---|---|---|---|---|
| US | 98.65% | -8.85% | 91.88% | 56.18% |
| Non US | 0.00% | -19.62% | 42.11% | 50.88% |
TALTX - Expenses
Operational Fees
| TALTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.61% | 0.29% | 31.15% | 53.60% |
| Management Fee | 1.20% | 0.00% | 2.50% | 66.78% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 0.30% | 2.74% |
Sales Fees
| TALTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TALTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TALTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 0.00% | 491.00% | 18.15% |
TALTX - Distributions
Dividend Yield Analysis
| TALTX | Category Low | Category High | TALTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.16% | 0.00% | 4.56% | 66.43% |
Dividend Distribution Analysis
| TALTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| TALTX | Category Low | Category High | TALTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.24% | -2.51% | 6.83% | 17.63% |
Capital Gain Distribution Analysis
| TALTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 31, 2025 | $0.464 | OrdinaryDividend |
| Dec 31, 2024 | $0.259 | OrdinaryDividend |
| Dec 29, 2023 | $0.326 | OrdinaryDividend |
| Dec 30, 2022 | $0.637 | OrdinaryDividend |
| Dec 30, 2022 | $0.025 | CapitalGainLongTerm |
| Dec 31, 2021 | $0.070 | OrdinaryDividend |
| Dec 31, 2021 | $0.005 | CapitalGainLongTerm |
| Dec 31, 2020 | $0.088 | OrdinaryDividend |
| Dec 31, 2019 | $0.284 | OrdinaryDividend |
| Dec 31, 2019 | $0.013 | CapitalGainShortTerm |
| Dec 31, 2019 | $0.014 | CapitalGainLongTerm |
| Dec 31, 2018 | $0.071 | OrdinaryDividend |
TALTX - Fund Manager Analysis
Managers
Sukru Saman
Start Date
Tenure
Tenure Rank
Feb 15, 2018
4.29
4.3%
Mr. Saman has been an investment officer and portfolio manager within Morgan Stanley Wealth Management since 2014. Prior to that, Sukru Saman was a due diligence analyst within Morgan Stanley Wealth Management.
Zachary Apoian
Start Date
Tenure
Tenure Rank
May 20, 2019
3.03
3.0%
Mr. Apoian is an Executive Director and head of portfolio and model risk management at Morgan Stanley Wealth Management. Prior to that, Mr. Apoian was a private wealth advisor at Morgan Stanley Wealth Management. Mr. Apoian has also served as an investment officer of since 2019.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 17.37 | 4.48 | 1.67 |