| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
5
4
5
3
1
|
|
Zacks Investment Research
3
(Hold)
|
|
Standard & Poor's
---
|
|
TheStreet.com
D+
(Sell)
|
U.S. News evaluated 90 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 9.31 percent over the past year, and 8.11 percent over the past three years.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | 11.3% |
| 1 Year | 9.3% |
| 3 Years (Annualized) | 8.1% |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
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
Fees are High compared to funds in the same category.
Schooner Fund has an expense ratio of 1.97 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
