NOTICE: 2019 Capital Gains Available. View PDF here.

Average Annual Total Returns Related To Indices

Monthly as of 4/30/20
 Month-
End %
YTD %1YR %3YR %5YR %10YR %Since
Incep. %
Class A (AAOPX)       
A Shares (at NAV)8.39-9.49-11.13-2.080.34-5.59
Inception Date: September 01 2011
A Shares (with maximum 2.00% load)6.26-11.30-12.93-2.74-0.06-5.35
Inception Date: September 01 2011
Class C (AACOX)8.44-9.66-11.71-2.81-0.41-5.07
Inception Date: December 31 2014
Investor (APOPX)8.52-9.40-11.07-2.060.34-5.56
Inception Date: September 01 2011
Institutional (AIOPX)8.51-9.35-10.88-1.800.61-5.87
Inception Date: September 01 2011
Lipper US Index - Absolute Return Funds-5.21-7.47-4.28-0.170.071.271.2
 Quarter-
End %
YTD %1YR %3YR %5YR %10YR %Since
Incep. %
Class A (AAOPX)       
A Shares (at NAV)-16.49-16.49-15.51-4.63-1.39-4.66
Inception Date: September 01 2011
A Shares (with maximum 2.00% load)-18.17-18.17-17.21-5.27-1.80-4.42
Inception Date: September 01 2011
Class C (AACOX)-16.70-16.70-16.16-5.38-2.15-4.14
Inception Date: December 31 2014
Investor (APOPX)-16.52-16.52-15.54-4.65-1.41-4.61
Inception Date: September 01 2011
Institutional (AIOPX)-16.47-16.47-15.32-4.39-1.15-4.92
Inception Date: September 01 2011
Lipper US Index - Absolute Return Funds-5.21-7.47-4.28-0.170.071.271.2

Growth of a Hypothetical 10K Investment as of 3/31/20

9/1/2011$10,000.00$10,000.00
9/30/2011$9,290.00$9,856.00
12/31/2011$10,355.96$9,947.35
3/31/2012$11,547.00$10,144.42
6/30/2012$11,304.75$10,124.16
9/30/2012$11,567.19$10,307.89
12/31/2012$12,099.81$10,298.96
3/31/2013$12,881.32$10,511.46
6/30/2013$13,132.67$10,452.21
9/30/2013$14,127.56$10,596.19
12/31/2013$15,029.77$10,810.42
3/31/2014$15,194.93$10,876.03
6/30/2014$15,161.90$11,049.84
9/30/2014$14,943.49$10,945.44
12/31/2014$15,388.16$10,929.37
3/31/2015$15,806.80$11,035.40
6/30/2015$15,761.54$10,896.86
9/30/2015$14,958.19$10,673.86
12/31/2015$15,572.38$10,644.22
3/31/2016$14,867.52$10,559.64
6/30/2016$14,860.42$10,708.98
9/30/2016$15,380.02$10,863.90
12/31/2016$16,333.28$10,942.20
3/31/2017$16,984.29$11,131.14
6/30/2017$17,295.77$11,216.75
9/30/2017$17,679.61$11,412.62
12/31/2017$18,270.61$11,604.54
3/31/2018$18,050.57$11,567.46
6/30/2018$19,002.25$11,563.83
9/30/2018$18,502.20$11,637.05
12/31/2018$15,723.89$11,195.39
3/31/2019$17,431.82$11,570.09
6/30/2019$17,417.45$11,713.69
9/30/2019$17,242.69$11,788.82
12/31/2019$17,635.83$11,968.06
3/31/2020$14,722.53$11,074.59
Opportunistic Fund$14,722.53
Lipper US Index - Absolute Return Funds$11,074.59

Expense Ratios as of 4/30/20

Class AClass CInvestorInstitutional
Gross Expense Ratio1.73%2.63%1.88%1.63%
Net Expense Ratio1.28%2.03%1.28%1.03%

Certain fund expenses may have been waived or reimbursed. Had waivers and reimbursements not been in effect, the performance quoted would have been lower.

Contractual fee waivers are in effect December 26, 2019 through December 31, 2020. 

The performance data quoted represents past performance and 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. Current performance may be lower or higher than the performance quoted.


Class A and Class C Shares are subject to a 1.00% Maximum Deferred Sales Charge (Load) on shares purchased without an initial sales charge and redeemed within 12 months of purchase. Performance data does not reflect the Maximum Deferred Sales Charge. If reflected, the load would reduce the performance quoted.

The growth of $10,000 investment chart represents a hypothetical investment in the Institutional share class versus a similar investment in the Fund’s benchmark, and represents the reinvestment of distributions and capital gains.

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