Historical Returns (%)
iDirect Multi-Strategy Fund (07/01/2024–06/30/2025)
* References herein to the “Fund” or “iDHF” in each instance refer to the iDirect Multi-Strategy Fund, unless specified otherwise.
| Class I | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.61% | -0.09% | -0.64% | 0.57% | 0.91% | 0.98% | 3.35% | ||||||
| 2024 | 0.75% | 1.11% | 1.01% | 0.02% | 2.43% | 1.63% | 7.12% |
Annualized Total Returns – as of 07/30/2025
| Month | YTD | Trailing 1-Year | Annualized Return Since Inception* | Annualized Volatility Since Inception* | |
|---|---|---|---|---|---|
| iDirect Multi-Strategy Fund | 0.98% | 3.35% | 10.71% | 10.71% | 2.89% |
| MSCI World Index1 | 4.32% | 9.47% | 16.26% | 16.26% | 11.05% |
| Bloomberg Global Aggregate Index1 | 1.90% | 7.27% | 8.91% | 8.91% | 6.67% |
| HFRI Fund Wtd Composite Index1 | 2.36% | 3.91% | 8.47% | 8.47% | 4.47% |
1. Please see BENCHMARK INDEX DEFINITIONS.
The inception date of the Fund is July 1, 2024. There is no guarantee that any investment will achieve its objectives, generate profits or avoid losses. Diversification does not ensure profit or protect against loss in a positive or declining market.
Performance represents Class I shares. The performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance data shown above. Investment return and principal value will fluctuate, so that units, when sold, may be worth more or less than their original cost. The Fund’s performance is net of certain fees and expenses. See the Fund’s prospectus for a comprehensive explanation of the Fund’s fees and expenses. The returns reflect any expense limitation and reimbursement agreement in place at the time, without which, the performance in certain periods would have been lower or higher. The Fund’s performance, especially for short periods of time, should not be the sole factor in making your investment decision. Volatility is measured by the standard deviation of the Fund’s net returns.
Performance information shown includes performance before the Fund’s registration statement on Form N-2 became effective on August, 20, 2025 (the “Effective Date”). For a portion of the Fund’s operations prior to the Effective Date, the Fund was not registered under the 1940 Act and therefore was not subject to certain investment restrictions that are imposed by the 1940 Act. If the Fund had been registered under the 1940 Act during that period, the Fund’s performance may have been adversely affected.
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Overview
Terms & Materials
Fund Management
BENCHMARK INDEX DEFINITIONS
MSCI World Index: Captures large and mid-cap representation across 23 Developed Markets (DM) countries. With 1,633 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.
Bloomberg Global Aggregate Bond Index: A flagship measure of global investment grade debt from a multitude local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.
HFRI Fund Weighted Composite Index: A global, equal-weighted index of single-manager hedge funds that report to HFR Database. Constituent funds report monthly net of all fees performance in US Dollar and have a minimum of $50 Million under management or $10 Million under management and a twelve (12) month track record of active performance. The HFRI Fund Weighted Composite Index does not include Funds of Hedge Funds.
