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Press-Play Series

Many investment related topics, especially within the context of managed futures, can be overwhelming. Fully recognizing this, we’ve created “Press Play,” a mini-series dedicated to explaining complicated topics in an engaging, succinct, and simplified manner. 

Correlation, Correlation…

More in the Press Play Series


*For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds’ monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics.

Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

©2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Diversification does not ensure profit or prevent losses. An investment in Managed Futures is speculative and involves a high degree of risk. You can lose money in a Managed Futures Program. There is no guarantee that an investment in Managed Futures will achieve its objectives, goals, generate positive returns, or avoid losses.

A Word About Risk
The purchase of a managed futures investment involves a high degree of risk. Specifically, you should be aware that, in addition to normal investment risks, managed futures investments entail certain risks, including, in all or some cases:

• Managed futures often engage in leveraging and other speculative investment practices that may increase the risk of investment loss.
• Managed futures can be highly illiquid.
• Managed futures are not required to provide periodic pricing or valuation information to investors.
• Managed futures may involve complex tax structures and delays in distributing important tax information.
• Managed futures are not subject to the same regulatory requirements as mutual funds.
• Managed futures often charge high fees

Investors should carefully consider the investment objectives, risks, charges and expenses of the Equinox Funds.  This and other important information about the Funds are contained in the Funds Prospectus, which can be obtained by calling 1.888.643.3431.  The Prospectus should be read carefully before investing. Distributed by Northern Lights Distributors, LLC member FINRA/SIPC.  Equinox Fund Management, LLC is not affiliated with Northern Lights Distributors, LLC.

Securities offered through Equinox Group Distributors, LLC, Member of FINRA. To obtain more information, contact Equinox Funds at 1.877.837.0600 or