2 / 5 Stars
3 3 5 3 5
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 98 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 14.34 percent over the past year, 4.57 percent over the past three years, 6.23 percent over the past five years, and 4.79 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||12.7%|
|3 Years (Annualized)||4.6%|
|5 Years (Annualized)||6.2%|
|10 Years (Annualized)||4.8%|
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 are Above Average compared to funds in the same category.
Guggenheim U.S. Long Short Momentum has an expense ratio of 1.65 percent.
Risk is Average compared to funds in the same category according to Morningstar.