2 / 5 Stars
1 1 5 1 5
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 -1.63 percent over the past year, -1.86 percent over the past three years, and -2.30 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-3.6%|
|3 Years (Annualized)||-1.9%|
|5 Years (Annualized)||-2.3%|
|10 Years (Annualized)||N/A|
The investment seeks to provide long-term absolute (positive) returns in all market environments from a broadly diversified portfolio of stocks while neutralizing the general risks associated with stock market investing. The fund purchases equity securities that the Sub-Adviser believes are undervalued and sells short securities that it believes are over-valued. It will take long and short positions selected from a universe of mid- to large-capitalization stocks with characteristics similar to those of the Russell 1000 Index. The fund intends to maintain approximately equal value exposure in its long and short positions.
Fees are Low compared to funds in the same category.
Highbridge Statistical Market Neutral Fund has an expense ratio of 1.69 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.