2 / 5 Stars
2 2 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 7.34 percent over the past year, and 2.42 percent over the past three years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||6.5%|
|3 Years (Annualized)||2.4%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide long term capital appreciation. The fund takes long and short positions in equity securities, selecting from a universe of mid- to large capitalization stocks. The equity securities the fund invests in will have market characteristics and capitalizations similar to those included in the Russell 1000 and/or S&P 500 Index at the time of purchase. The fund's net long equity market exposure normally will not exceed 50% and its net short equity market exposure will not exceed 20%. Further, the fund's gross equity market exposure is limited to 200%.
Fees are Above Average compared to funds in the same category.
JPMorgan Research Equity Long/Short Fund has an expense ratio of 1.75 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.