2 / 5 Stars
1 2 4 3 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 2.72 percent over the past year, 1.15 percent over the past three years, -1.12 percent over the past five years, and 6.30 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||5.4%|
|3 Years (Annualized)||1.2%|
|5 Years (Annualized)||-1.1%|
|10 Years (Annualized)||6.3%|
The investment seeks long-term capital appreciation. The fund invests in equity securities, including small, mid, and large-capitalization securities, such as U.S. traded common stocks and American Depositary Receipts ("ADRs"), but also may invest in derivative instruments, particularly when seeking "short" exposure, which primarily consist of equity index swaps, futures contracts, and options on securities, futures contracts, and stock indices. The advisor ranks approximately seventy different industries based on several measures of momentum including price momentum using a quantitative methodology. It 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 1.66 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.