2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
1 / 5 Stars
#170 in Mid-Cap Growth
U.S. News evaluated 220 Mid-Cap Growth 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 11.58 percent over the past year, 2.50 percent over the past three years, -0.77 percent over the past five years, and 6.11 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||19.4%|
|3 Years (Annualized)||2.5%|
|5 Years (Annualized)||-0.8%|
|10 Years (Annualized)||6.1%|
The investment seeks capital appreciation. The fund invests at least 80% of its net assets in a diversified portfolio of (i) the common stocks of domestic and foreign initial public offerings ("IPOs"), without limitation, ("IPOs") at the time of the offering and in aftermarket trading, and (ii) for the purpose of IPO arbitrage and hedging, securities issued by IPO-related entities, including a parent company spinning off an IPO. It may seek to arbitrage or hedge its IPO portfolio holdings exposure by using a number of investment techniques such as options, futures, indexes and short selling.
Fees are Low compared to funds in the same category.
Global IPO Plus Aftermarket Fund has an expense ratio of 2.50 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.