2 / 5 Stars
4 4 5 2 2
Zacks Investment Research
1 (Strong Buy)
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 4.96 percent over the past year, 1.24 percent over the past three years, and 3.38 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||4.4%|
|3 Years (Annualized)||1.2%|
|5 Years (Annualized)||3.4%|
|10 Years (Annualized)||N/A|
The investment seeks to provide long-term growth of capital. The fund invests in the securities of publicly traded companies involved in mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations, or similar events (“corporate reorganizations”). It may invest in all types of fixed-income securities including convertible debt, options and futures, as well as privately negotiated options. The fund may invest up to 50% of net assets in short sales at any given time. It may invest in foreign securities. The fund may seek exposure to foreign securities by investing in Depositary Receipts. It is non-diversified.
Fees are Above Average compared to funds in the same category.
Quaker Event Arbitrage has an expense ratio of 1.98 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.