FSMMX
FS Multi-Strategy Alternatives Fund
ADVISORS' INNER CIRCLE III

Average annual returns

Through 2025 · incl. N-PORT-derived 2025
1 year
-43.78%
3 year
-43.53%
5 year
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

2023 onward derived from N-PORT monthly returns

Risk statistics

48 months through March 31, 2026
Volatility (ann.)
2.14%
Sharpe
-20.37
Sortino
-2.68
Max drawdown
-90.54%
Best month
-3.57%
Worst month
-6.85%
Beta vs VBTLX
0.06
Correlation
0.15

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.