FS Long/Short Equity Fund

FSYIX

Fund:

Investment objectives

Provide equity-like returns through long-short investing within equity markets.

Overview

FS Long/Short Equity Fund is a mutual fund that seeks to generate equity-like returns through a combination of quantitative, factor-based information and fundamental, stock-specific information.

Adviser

FS Fund Advisor, LLC
An affiliate of FS Investments


Fund information updated 1/21/2020

Daily NAV 1 $10.08
Daily NAV change (%) -0.30%
Daily NAV change ($) -$0.03


View Pricing Disclosure For Footnote 1
1The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call 877-628-8575.

Performance – returns


TOTAL RETURNS As of 1/21/2020 MTD QTD YTD 1 YR SINCE INCEPTION 12/31/2018
FSYIX (Class I at NAV) 2.44% 2.44% 2.44% 22.87% 20.59%
Performance data quoted represents past performance and is no guarantee of future results. Returns for time periods greater than one year are annualized. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted. The benchmarks shown are for illustrative purposes only. An investment cannot be made directly in an index.
VIEW PERFORMANCE DISCLOSURE Footnote 1
1The since-inception total return for each of the benchmarks is calculated from the Fund's Class I inception date, not the inception date of the benchmark. The indexes referenced herein are the exclusive property of each respective index provider and have been licensed for use by FS Investments. The index providers do not guarantee the accuracy and/or completeness of the indexes and accept no liability in connection with the use, accuracy, or completeness of the data included therein. Inclusion of the indexes in these materials does not imply that the index providers endorse or express any opinion in respect of FS Investments. Visit www.fsinvestments.com/support/articles/index-disclaimers for more information.

One cannot invest directly in an index.

Key facts

Ticker FSYIX
Min. initial investment amount 1 $1 million
Share class inception date 12/31/2018
CUSIP 302691878
Liquidity Daily
Total annual fund operating expenses 2 3 2.82%
Total annual fund operating expenses (after expense reductions) 3 1.45%
View key facts disclosure for Footnotes 12
1Class I Shares minimum initial investment ranges from $2,500 (eligible accounts through certain intermediary institutions) to $1 million. Any minimum initial investment requirement may be waived in the fund's sole discretion.
2Total annual fund operating expenses calculation is a percentage of net assets for year 1. The fund's actual expense ratio may be different than the estimate listed.
View risk factors disclosure

An investment in FS Long/Short Equity Fund (the "Fund") should be considered a speculative investment that entails substantial risks; you may lose part or all of your investment or your investment may not perform as well as other similar investments. An investment in the Fund should be viewed only as part of an overall investment program. No assurance can be given that the Fund's investment program will be successful. The following is a summary of the principal risks of investing in the Fund. Please refer to the Fund’s prospectus for additional information regarding all risks associated with the Fund. Some or all of these risks may adversely affect the Fund's NAV, yield, total return and ability to meet its investment objective.

Investing in the Fund involves risk, including the risk that a shareholder may receive little or no return on their investment or that a shareholder may lose part or all of their investment. The Fund may engage in leveraging and other speculative investment practices that may increase the risk of loss of investment, and accelerate the velocity of potential losses. In addition to the normal risks associated with investing, international and emerging markets may involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles or from social, economic, or political instability in other nations. The Fund invests in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. At times, the Fund may gain all equity or currency expose through the use of equity derivative instruments and currency derivative instruments, and may invest in such instruments without limitation, which may magnify the Fund’s gains or losses.

As with any fund, there is no guarantee that the Fund will achieve its investment objective.


If you want to learn more, contact us at: Support