3 / 5 Stars
2 2 5 5 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 3.35 percent over the past year, and 1.42 percent over the past three years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||2.0%|
|3 Years (Annualized)||1.4%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks capital appreciation and income. The fund seeks to achieve its investment objective by investing primarily in a portfolio of U.S. and foreign equity securities, traded in U.S. markets, and by writing covered call options and buying put options on a substantial portion of the fund's portfolio securities. It executes its equity strategy by investing (1) directly in U.S. equity securities, (2) through exchange traded funds ("ETFs") that invest primarily in equity securities and (3) through American Depositary Receipts ("ADRs"), which are receipts evidencing ownership of foreign equity securities.
Fees are Above Average compared to funds in the same category.
The Collar Fund has an expense ratio of 0.94 percent.
Risk is Low compared to funds in the same category according to Morningstar.