4 / 5 Stars
5 5 2 1 5
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 14.90 percent over the past year, 14.46 percent over the past three years, and 5.40 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||12.6%|
|3 Years (Annualized)||14.5%|
|5 Years (Annualized)||5.4%|
|10 Years (Annualized)||N/A|
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 managed by the sub-adviser, (2) 37.5% of its total assets, managed directly by Security Investors, LLC, also known as Guggenheim Investments, according to a long/short strategy with an emphasis on securities of non-U.S. issuers, and (3) 25% of its total assets, also managed directly by the Investment Manager, in a portfolio of equity securities, equity derivatives and fixed income securities that is intended to closely track the performance of the S&P 500 Index.
Fees are High compared to funds in the same category.
Guggenheim Alpha Opportunity Fund has an expense ratio of 2.96 percent.
Risk is High compared to funds in the same category according to Morningstar.