2 / 5 Stars
2 2 4 3 3
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 43 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 1.72 percent over the past year, -0.88 percent over the past three years, 0.04 percent over the past five years, and -0.07 percent over the past decade.
|Trailing Returns||Updated 11.30.2013|
|Year to date||3.5%|
|3 Years (Annualized)||-0.9%|
|5 Years (Annualized)||0.0%|
|10 Years (Annualized)||-0.1%|
The investment seeks to provide absolute (positive) returns with low correlation to the U.S. equity market. The fund pursues its investment objective by investing primarily in domestic (including American Depositary Receipts (ADRs)) and foreign securities (including emerging markets), both debt and equity, that the Adviser deems to be misvalued or misperceived. It may invest in exchange-traded funds (ETFs), derivative contracts and hybrid investments, or sell securities short or obtain short exposure through a derivative contract or investment in another fund in order to implement its investment strategy.
Fees are High compared to funds in the same category.
Federated Absolute Return Fund has an expense ratio of 1.99 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.