Convergence Core Plus Fund

U.S. News evaluated 487 Large Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 22.84 percent over the past year, and 14.97 percent over the past three years.

Trailing Returns Updated 02.28.2014
Year to date -0.6%
1 Year 22.8%
3 Years (Annualized) 15.0%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks long-term capital growth. The fund establishes long and short positions in equity securities of domestic and foreign companies. It focuses primarily on companies with medium and large market capitalizations, although the fund may establish long and short positions in companies of any market capitalization. The fund will hold long (purchase) securities that the adviser believes will outperform the market, and will sell short securities expected to underperform the market. It intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 100%.

Fees

Fees are High compared to funds in the same category.
Convergence Core Plus Fund has an expense ratio of 2.23 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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See Also:

Top Convergence Funds