4 / 5 Stars
4 4 5 2 2
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 11.94 percent over the past year, 6.64 percent over the past three years, and 9.78 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||14.2%|
|3 Years (Annualized)||6.6%|
|5 Years (Annualized)||9.8%|
|10 Years (Annualized)||N/A|
The investment seeks long-term capital appreciation with the generation of moderate current income. The fund invests in equity securities of U.S. companies with large market capitalizations ("large-cap companies"), including: common and preferred stocks; convertible securities; warrants; rights; and single issuer equity call option securities. It may invest up to 50% of its net assets in various types of fixed income securities, including convertible debt securities and bonds, including zero coupon bonds and bonds that are rated below investment grade, commonly known as "junk bonds."
Fees are Above Average compared to funds in the same category.
Schooner Fund has an expense ratio of 1.84 percent.
Risk is Average compared to funds in the same category according to Morningstar.