4 / 5 Stars
5 5 5 5 1
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 47 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 2.10 percent over the past year, 4.20 percent over the past three years, and 9.37 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||0.5%|
|3 Years (Annualized)||4.2%|
|5 Years (Annualized)||9.4%|
|10 Years (Annualized)||N/A|
The investment seeks maximum total return, consistent with prudent investment management. The fund normally invests in derivatives providing long exposure to Enhanced RAFI® US Large and short exposure to the S&P 500 Index (the "S&P 500"), backed by a diversified portfolio of Fixed Income Instruments. "Fixed Income Instruments" include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. It may invest in common stocks, options, futures, options on futures and swaps to gain long exposure to Enhanced RAFI® US Large and short exposure to the S&P 500.
Fees are Low compared to funds in the same category.
PIMCO Fundamental Advantage Absolute Return Strategy Fund has an expense ratio of 0.99 percent.
Risk is Average compared to funds in the same category according to Morningstar.