1 / 5 Stars
3 2 4 5 4
Zacks Investment Research
Standard & Poor's
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.
The fund has returned 8.49 percent over the past year, 0.42 percent over the past three years, and -4.36 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||13.8%|
|3 Years (Annualized)||0.4%|
|5 Years (Annualized)||-4.4%|
|10 Years (Annualized)||N/A|
The investment seeks high appreciation on an annual basis consistent with a high tolerance for risk. The fund will invest at least 80% of its net assets in equity securities either directly through individual stocks and American Depositary Receipts ("ADRs") or indirectly through exchange-traded funds ("ETFs") and futures contracts, forward contracts, options and swap agreements. It also may invest up to 50% of its assets in short positions in equity securities, futures contracts, forward contracts, options and swap agreements. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
Direxion Evolution All Cap Equity Fund has an expense ratio of 1.73 percent.
Risk is Average compared to funds in the same category according to Morningstar.