3 / 5 Stars
5 5 5 5 1
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 5.66 percent over the past year, 4.81 percent over the past three years, 8.08 percent over the past five years, and 4.10 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||-0.2%|
|3 Years (Annualized)||4.8%|
|5 Years (Annualized)||8.1%|
|10 Years (Annualized)||4.1%|
The investment seeks to capture the majority of the returns associated with equity market investments, while exposing investors to less risk than other equity investments. The fund invests in a broadly diversified portfolio of common stocks, while also selling index call options and purchasing index put options. Writing index call options reduces the fund's volatility, provides steady cash flow and is an important source of the fund's return, although it also reduces the fund's ability to profit from increases in the value of its equity portfolio.
Fees are Average compared to funds in the same category.
Gateway Fund has an expense ratio of 0.70 percent.
Risk is Low compared to funds in the same category according to Morningstar.