3 / 5 Stars
4 4 4 4 5
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 21.62 percent over the past year, 11.05 percent over the past three years, 15.08 percent over the past five years, and 3.47 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||-0.9%|
|3 Years (Annualized)||11.1%|
|5 Years (Annualized)||15.1%|
|10 Years (Annualized)||3.5%|
The investment seeks capital appreciation. The fund normally invests in equity securities of companies of any market capitalization and traded in U.S. markets. It generally takes long positions in equity securities identified as undervalued and take short positions in equity securities identified as overvalued. Each long or short position will be determined by considering the tradeoff between the attractiveness of each position and its impact on the risk of the overall portfolio.
Fees are High compared to funds in the same category.
Icon Long/Short Fund has an expense ratio of 2.37 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.