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Lipper
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Zacks Investment Research
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 38 Market Neutral 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 -6.70 percent over the past year.
| Trailing Returns | Updated 05.31.2013 |
|---|---|
| Year to date | -1.0% |
| 1 Year | -6.7% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks to achieve capital appreciation with low volatility and low correlation relative to the broad domestic and foreign equity markets. The Advisor employs a strategy that seeks to evaluate potential long and short investments in equity securities based on a proprietary quantitative methodology developed by the Advisor, which is designed to result in the fund holding equity securities in sectors and industry groups that the Advisor believes are attractive on a relative basis. The Advisor anticipates that, in general, the portfolio of the fund will be 100% long or short on a net basis. The fund is non-diversified.
Fees
Fees are Above Average compared to funds in the same category.
361 Absolute Alpha Fund has an expense ratio of 2.24 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
