2 / 5 Stars
2 1 5 1 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
U.S. News evaluated 113 Multialternative 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 -3.47 percent over the past year, -2.69 percent over the past three years, and 3.92 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.4%|
|3 Years (Annualized)||-2.7%|
|5 Years (Annualized)||3.9%|
|10 Years (Annualized)||N/A|
The investment seeks long-term capital appreciation with an emphasis on risk-adjusted returns and lower volatility than traditional equity market indices such as the Standard & Poor's 500 Index. Absolute will generally allocate fund assets to a carefully chosen group of skilled money managers (the "Subadvisers") who employ a wide range of specialized investment strategies that, when combined, Absolute believes offer the potential for attractive long-term risk-adjusted investment returns. Absolute selects Subadvisers that, relative to their peers, seek to preserve capital and tend to perform differently in a market cycle. The fund is non-diversified.
Fees are High compared to funds in the same category.
Absolute Opportunities Fund has an expense ratio of 2.95 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.