1 / 5 Stars
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Zacks Investment Research
Standard & Poor's
1 / 5 Stars
#6 in Long/Short Equity
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.
The fund has returned -22.26 percent over the past year, -19.10 percent over the past three years, and -8.18 percent over the past five years.
|Trailing Returns||Updated 05.31.2013|
|Year to date||-19.8%|
|3 Years (Annualized)||-19.1%|
|5 Years (Annualized)||-8.2%|
|10 Years (Annualized)||N/A|
The investment seeks long-term capital appreciation, while attempting to protect capital during negative market conditions using hedging strategies. The fund seeks to achieve its objective by investing in a portfolio of common stocks that the fund's investment manager, Wegener, LLC, believes have superior prospects for appreciation. Stocks are selected from among all stocks sold on the New York Stock Exchange, Nasdaq System, and American Stock Exchange, and may include foreign companies sold as American Depositary Receipts (ADRs). These companies will be selected from any capitalization range (small, mid and large capitalization).
Fees are High compared to funds in the same category.
Wegener Adaptive Growth Fund has an expense ratio of 1.99 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.