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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 -1.96 percent over the past year, 1.13 percent over the past three years, and -1.93 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.0%|
|3 Years (Annualized)||1.1%|
|5 Years (Annualized)||-1.9%|
|10 Years (Annualized)||N/A|
The investment seeks to generate positive returns in both rising and falling equity markets. The fund seeks a total return greater than the return on three-month U.S. Treasury Bills. It attempts to maintain minimal exposure to general market risk by always having both long and short positions in stocks. The fund has a long position in a security when it owns the security and has "sold short" a position when it sells a security it does not own. It may invest in equity securities of companies of any size capitalization, including mid-cap and small-cap companies. The fund also may invest in equity securities of Canadian issuers and ADRs.
Fees are Low compared to funds in the same category.
Zacks Market Neutral Fund has an expense ratio of 1.65 percent.
Risk is Average compared to funds in the same category according to Morningstar.