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Lipper
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Zacks Investment Research
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 88 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 1.41 percent over the past year.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 2.8% |
| 1 Year | 1.4% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks to outperform the S&P 500 Index but with lower volatility and a low correlation to that Index; as a secondary objective, it also seeks to outperform the HFRX Equity Hedge Index. The fund seeks to invest at least 80% of the value of its net assets in equity securities such as common stocks and shares of ETFs. It may invest in equity securities of, or gain exposure to indices consisting of, U.S. and foreign issuers in all market capitalization ranges without limitation. The fund is non-diversified.
Fees
Fees are Above Average compared to funds in the same category.
361 Long/Short Equity has an expense ratio of 1.90 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
