Altegris Equity Long Short Fund

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.

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Performance

The fund has returned 10.64 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 1.3%
1 Year 10.6%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to achieve long-term capital appreciation with moderate correlation to major equity market indices and to achieve this objective with less volatility than major equity market indices. Under normal market conditions, the fund invests at least 80% of its assets, defined as net assets plus the amount of any borrowings for investment purposes, in long or short positions in equity securities of domestic and foreign companies ("80% investment policy"). It invests in securities of issuers of any capitalization and in any style (from growth to value). The fund is non-diversified.

Fees

Fees are High compared to funds in the same category.
Altegris Equity Long Short Fund has an expense ratio of 2.99 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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