Best Fit Long/Short Equity Funds ETFs
U.S. News evaluated 13 Long/Short Equity Funds ETFs and 1 makes our Best Fit list. Our list highlights the best passively managed funds for long-term investors. Rankings are assigned based on comparisons with Best Fit funds in this category.
| Best Fit Scorecard | |
|---|---|
| Costs | Typical |
| Tracking Error | Good |
| Bid/Ask Ratio | Excellent |
| Holdings Diversity | Typical |
Fund Description
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the CBOE S&P 500 BuyWrite Index. The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index and will write (sell) call options thereon. The underlying index measures total returns of a theoretical portfolio that includes S&P 500 Index stocks on which S&P 500 Index call options are written (sold) systematically against the portfolio through a "buy-write" strategy.
Fund Snapshot Updated 05.23.2013
| Previous Close | $20.89 | Expense Ratio | 0.75% |
| YTD Return | 6.3% | Avg. 30-Day Volume | 108,877 |
| 1-Year Return | 9.3% | Market Cap | Loading... |
| Bid | $20.86 | Shares Outstanding | 9,850,000 |
| Ask | $20.89 | Dividends | $0.65 |
| Top 10 Holdings | |
|---|---|
| Apple Inc (AAPL) | 2.81% |
| Exxon Mobil Corp (XOM) | 2.79% |
| Microsoft Corp (MSFT) | 1.75% |
| General Electric Co (GE) | 1.67% |
| Johnson & Johnson (JNJ) | 1.65% |
| Chevron Corp New (CVX) | 1.65% |
| Google Inc (GOOG) | 1.59% |
| International Business Machs (IBM) | 1.47% |
| Procter & Gamble Co (PG) | 1.46% |
| Pfizer Inc (PFE) | 1.42% |
| % of Total Holdings | 18.30% |
