2 / 5 Stars
4 4 5 2 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 107 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 6.42 percent over the past year, and 2.87 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.8%|
|3 Years (Annualized)||2.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks long-term capital appreciation with a high degree of downside protection and reduced volatility relative to the broad U.S. equity market. The fund normally invests in in-the-money (ITM) buy-writes on U.S. equities and writes out-of-the-money put options on U.S. equities. It may also write (sell) in-the-money call options on equity indexes and/or ETFs and may write call options on individual securities that it does not hold in its portfolio. The fund is not limited in the percentage of assets it may invest in any one country, region or geographic area. It may invest in initial public offerings (IPOs) and in ETFs.
Fees are Above Average compared to funds in the same category.
AllianzGI Redwood Fund has an expense ratio of 1.50 percent.
Risk is Average compared to funds in the same category according to Morningstar.