The AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) is a mutual fund that focuses on investing in futures contracts and other derivatives. It is managed by AlphaSimplex Group, a leading investment management firm known for its innovative strategies and risk management techniques. This fund aims to provide investors with exposure to alternative assets and potentially generate returns that are uncorrelated with traditional stock and bond markets. With a focus on managed futures, this fund seeks to capitalize on market trends and volatility, making it a potentially attractive option for investors looking to diversify their portfolio.