4 / 5 Stars
5 5 2 2 4
Zacks Investment Research
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 23.32 percent over the past year, 12.34 percent over the past three years, 23.51 percent over the past five years, and 8.50 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.9%|
|3 Years (Annualized)||12.3%|
|5 Years (Annualized)||23.5%|
|10 Years (Annualized)||8.5%|
The investment seeks long-term growth of capital. The fund invests approximately (1) 37.5% of its total assets according to a long/short strategy with an emphasis on securities of domestic issuers (the "Domestic Long/Short Sub-Portfolio"), (2) 37.5% of its total assets according to a long/short strategy with an emphasis on securities of non-U.S. issuers (the "Global Long/Short Sub-Portfolio"), and (3) 25% of its total assets in a portfolio of equity securities, equity derivatives and fixed income securities (the "Indexed Sub-Portfolio") that is intended to closely track the performance of the S&P 500 Composite Stock Price Index. It is non-diversified.
Fees are High compared to funds in the same category.
Guggenheim Alpha Opportunity Fund has an expense ratio of 2.85 percent.
Risk is High compared to funds in the same category according to Morningstar.