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FS Alternative Income Opportunities Fund Class A (ALTTX)

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FS Alternative Income Opportunities Fund Class A

FS Series Trust

201 Rouse Boulevard

Philadelphia, PA 19112

877-628-8575
Management information
Michael Kelly,Lead manager since 30 December 2018
Michael Kelly has served as president of FS Investments since July 2017. Mr. Kelly has also served as chief investment officer of FS Investments since January 2015. Among other things, Mr. Kelly oversees the investment management and product development functions at FS Investments. Before joining FS Investments, Mr. Kelly was the chief executive officer of ORIX USA Asset Management (“ORIX”), where he led the company’s acquisition of Robeco, a $250 billion global asset management company and the largest acquisition in ORIX’s 50-year history. Mr. Kelly started his career on Wall Street at Salomon Brothers and went on to join hedge fund pioneers Omega Advisors and Tiger Management. Mr. Kelly then helped build and lead the hedge fund firm, FrontPoint Partners, where he first served as chief investment officer and eventually co-chief executive officer. Mr. Kelly is a graduate of Cornell University and earned his M.B.A. at Stanford University. Mr. Kelly is a co-founder and board member of the Spotlight Foundation, and serves as a trustee of the Tiger Foundation and the Stanford Business School Trust.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryMultistrategy
Fund familyFS Investments
Net assets7M
YTD return-0.22%
Yield1.95%
Morningstar ratingN/A1
Inception date30 Dec 2018

Fund operations

Last dividend0.12
Last cap gain0.00
Holdings turnoverN/A
Average for categoryN/A

Fees and expenses

ExpenseALTTXCategory average
Annual report expense ratio (net)1.65%1.58%
Prospectus net expense ratio1.65%N/A
Prospectus gross expense ratio15.92%N/A
Max 12b1 fee0.25%N/A
Max front end sales load5.75%5.36%
Max deferred sales loadN/A1.00%
3-yr expense projection3,505N/A
5-yr expense projection5,705N/A
10-yr expense projection9,417N/A