2 / 5 Stars
1 1 5 1 5
Zacks Investment Research
1 (Strong Buy)
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 0.21 percent over the past year, and -1.08 percent over the past three years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.8%|
|3 Years (Annualized)||-1.1%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks long-term capital appreciation while preserving capital by using strategies designed to produce returns that have a low correlation to U.S. equity markets. The fund employs a "market neutral" strategy, utilizing both long and short positions in equity and equity-related securities while seeking to preserve capital during declining U.S. equity markets. It generally seeks to short equity securities and equity-based ETFs. The fund is generally expected that its short exposure will be in the 60-100% range. In pursuing its market neutral strategy, the fund seeks a total return greater than the return on three-month U.S. Treasury bills.
Fees are High compared to funds in the same category.
Prudential Jennison Market Neutral Fund has an expense ratio of 1.85 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.