3 / 5 Stars
3 2 5 5 1
Zacks Investment Research
5 (Strong Sell)
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 0.75 percent over the past year, 1.04 percent over the past three years, 0.48 percent over the past five years, and 2.43 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.3%|
|3 Years (Annualized)||1.0%|
|5 Years (Annualized)||0.5%|
|10 Years (Annualized)||2.4%|
The investment seeks total return greater than that of its benchmark, the Citigroup 3-Month Treasury Bill Index. The fund's investment program involves having both long and short investment exposures. To gain long investment exposure, it invests primarily in shares of the U.S. Equity funds and the International Equity funds, and also may invest in shares of Emerging Country Debt fund and U.S. Flexible Equities fund. To gain short investment exposure, the fund may use over-the-counter ("OTC") and exchange-traded derivatives (including futures, swap contracts and currency forwards) and make short sales of securities. The fund is non-diversified.
Fees are Low compared to funds in the same category.
GMO Alpha Only Fund has an expense ratio of 0.23 percent.
Risk is Average compared to funds in the same category according to Morningstar.