Guggenheim Long Short Equity Fund

Scorecard
2 / 5 Stars
Lipper
3 3 4 3 5
Zacks Investment Research
3 (Hold)
Standard & Poor's
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TheStreet.com
D (Sell)

U.S. News evaluated 110 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 11.80 percent over the past year, 1.94 percent over the past three years, 11.90 percent over the past five years, and 4.73 percent over the past decade.

Trailing Returns Updated 03.31.2014
Year to date -0.9%
1 Year 11.8%
3 Years (Annualized) 1.9%
5 Years (Annualized) 11.9%
10 Years (Annualized) 4.7%

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Summary

The investment seeks long-term capital appreciation. The fund will invest, under normal circumstances, at least 80% of its assets in long and short equity or equity-like securities, including individual securities and derivatives giving exposure to different sectors or industries to which the fund is seeking exposure. It invests in equity securities, including small-, mid-, and large-capitalization securities, such as U.S. traded common stocks and American Depositary Receipts. The fund may invest in derivatives to hedge or gain leveraged exposure to a particular sector, industry or company depending on market conditions. The fund is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Guggenheim Long Short Equity Fund has an expense ratio of 1.65 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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