4 / 5 Stars
5 5 4 2 1
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 52 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 4.96 percent over the past year, and 4.21 percent over the past three years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||-1.4%|
|3 Years (Annualized)||4.2%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks long-term growth of capital with low or no correlation to the Morgan Stanley Capital International World Index. The fund takes long and short exposures in common and preferred stocks of companies located primarily in developed countries outside the U.S. and of companies in the U.S. To obtain exposure to long and short positions in securities, the fund enters into one or more total return equity swap agreements (each, a "swap agreement"). The Investment Adviser uses its quantitative investment strategy designed to identify short exposures that it expects to underperform the World Index to manage the fund's short exposures.
Fees are Low compared to funds in the same category.
Causeway Global Absolute Return Fund has an expense ratio of 1.75 percent.
Risk is High compared to funds in the same category according to Morningstar.