4 / 5 Stars
4 4 5 3 2
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 39 Market Neutral 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 2.28 percent over the past year, and 2.83 percent over the past three years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.1%|
|3 Years (Annualized)||2.8%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks long-term absolute (positive) returns. The fund seeks to outperform, after expenses, the BofA Merrill Lynch 3-Month Treasury Bill Index while seeking to control its tracking risk relative to this benchmark. It uses a number of arbitrage and alternative investment strategies employed by hedge funds and proprietary trading desks of investment banks. The fund invests in a diversified portfolio of instruments, including equities, convertible securities, debt securities, loans, warrants, options, swaps, futures contracts, forwards or other types of derivative instruments. It also engages extensively in short sales of securities.
Fees are Low compared to funds in the same category.
AQR Diversified Arbitrage Fund has an expense ratio of 1.21 percent.
Risk is Low compared to funds in the same category according to Morningstar.