4 / 5 Stars
3 3 5 1 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 88 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 1.99 percent over the past year, 2.07 percent over the past three years, and 2.42 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||1.9%|
|3 Years (Annualized)||2.1%|
|5 Years (Annualized)||2.4%|
|10 Years (Annualized)||N/A|
The investment seeks to achieve long-term capital appreciation with an emphasis on absolute (positive) returns and low correlation to traditional financial market indices such as the S&P 500 Index. The adviser, believes that there are important benefits that come from investing alongside skilled money managers whose strategies, when combined, seek to provide enhanced risk-adjusted returns, lower volatility and lower sensitivity to financial market indices. The fund pursues absolute returns by allocating assets among a carefully chosen group of asset managers who employ a wide range of specialized investment strategies. It is non-diversified.
Fees are Above Average compared to funds in the same category.
Absolute Strategies Fund has an expense ratio of 1.73 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.