Not Scored in Long-Short
U.S. News evaluated 75 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
| Scorecard | |
|---|---|
| Morningstar | 3 / 5 Stars |
| Lipper | 3 5 5 1 4 |
| Zacks Investment Research | --- |
| Standard & Poor's | --- |
| TheStreet.com | D+ (Sell) |
Fund Overview
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.
| Trailing Returns | Updated 03.31.2012 |
|---|---|
| Year to date | 5.6% |
| 1 Year | -2.5% |
| 3 Years (Annualized) | 10.5% |
| 5 Years (Annualized) | -0.4% |
| 10 Years (Annualized) |
Performance
The fund has returned -2.50 percent over the past year, 10.54 percent over the past three years, and -0.36 percent over the past five years.
Hypothetical Growth of $10,000
Updated 03.31.2012
Holdings
Asset Allocation
| % Long | % Short | % Net | |
|---|---|---|---|
| Cash | 32.33 | 2.97 | 29.35 |
| Stocks | 56.1 | 4.82 | 51.28 |
| Bonds | 8.22 | 0.0 | 8.22 |
| Other | 1.21 | 3.26 | -2.06 |
| Foreign Bonds | 0.04 | 0.0 | 0.04 |
| Foreign Stocks | 9.92 | 0.0 | 9.92 |
| Convertible | 0.18 | 0.0 | 0.18 |
| Preferred | 3.06 | 0.0 | 3.06 |
Updated 02.29.2012
Top Holdings
Performance as of 03.31.2012
Portfolio as of 02.29.2012
| Ticker | YTD Return % | % Net Assets | |
|---|---|---|---|
| Ally Finl Pfd 144A | --- | --- | 3.06 |
| Lennar Corporation | LEN | 35.42 | 2.21 |
| RSC Holdings Inc | RRR | 24.49 | 2.07 |
| Goodrich Corporation | GR | 1.71 | 1.94 |
| Novell Inc | NOVL | 3.02 | 1.81 |
Fees
Quaker Event Arbitrage has an expense ratio of 1.93 percent.
