3 / 5 Stars
3 3 5 2 5
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 -0.27 percent over the past year, 0.68 percent over the past three years, and 5.35 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.5%|
|3 Years (Annualized)||0.7%|
|5 Years (Annualized)||5.4%|
|10 Years (Annualized)||N/A|
The investment seeks long-term capital appreciation with an emphasis on absolute (positive) returns and low sensitivity to traditional financial market indices such as the Standard & Poor's 500 Index ("S&P 500 Index"). The fund's investment adviser, believes that there are important benefits that come from investing alongside skilled money managers whose strategies, when combined, seek to provide risk-adjusted returns, lower volatility and lower sensitivity to traditional market indices. To this end, Absolute selects Subadvisers that, relative to their peers seek to preserve capital and tend to perform differently in a market cycle. It is non-diversified.
Fees are High compared to funds in the same category.
Absolute Strategies Fund has an expense ratio of 1.73 percent.
Risk is Low compared to funds in the same category according to Morningstar.