3 / 5 Stars
2 1 5 4 3
Zacks Investment Research
5 (Strong Sell)
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 7.77 percent over the past year, and 1.25 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.2%|
|3 Years (Annualized)||1.3%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks capital appreciation. The fund invests in stocks of companies with any capitalization range using a long/short strategy in seeking to capture alpha, reduce volatility, and preserve capital in declining markets. Primarily, it takes long positions in those equity securities that have been identified by the adviser as undervalued and likely to increase in price, and short positions in those equity securities that have been identified by the adviser as overvalued and likely to decrease in price. The fund typically holds between 10 and 40 securities long, and between 10 and 40 securities short.
Fees are Low compared to funds in the same category.
Turner Market Neutral Fund has an expense ratio of 2.51 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.