1 / 5 Stars
1 1 3 1 5
Zacks Investment Research
5 (Strong Sell)
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 -6.22 percent over the past year, and -4.48 percent over the past three years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-2.7%|
|3 Years (Annualized)||-4.5%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks positive absolute returns with less volatility than the S&P 500 Index. The fund's investment adviser seeks to achieve its investment objective by investing long or short in a combination of exchange traded funds ("ETFs"), derivatives and open-end investment companies (mutual funds") using the adviser's market neutral strategy. The ETFs and mutual funds in which the fund invests each primarily invest in (1) US common stocks, (2) foreign common stocks; (3) US fixed income securities, (4) foreign fixed income securities, (5) commodities, or (6) currencies. It is non-diversified.
Fees are Low compared to funds in the same category.
PSI Market Neutral Fund has an expense ratio of 1.84 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.