| Scorecard |
|---|
|
2 / 5 Stars
|
|
Lipper
3
2
4
1
2
|
|
Zacks Investment Research
5
(Strong Sell)
|
|
Standard & Poor's
---
|
|
TheStreet.com
C-
(Hold)
|
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.
Performance
The fund has returned 1.39 percent over the past year, and 1.72 percent over the past three years.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 3.4% |
| 1 Year | 1.4% |
| 3 Years (Annualized) | 1.7% |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks to generate absolute return. The fund invests in a combination of (i) equity securities, (ii) fixed income securities, (iii) other investment companies, (iv) cash equivalents and (v) derivatives on equity securities, fixed income securities and foreign currencies. It invests primarily in equity and fixed income securities of U.S. companies, both directly and indirectly through mutual funds, including open-end funds (mutual funds), closed-end funds and exchange-traded funds (collectively, "underlying funds"). While the fund is non-diversified, it invests in diversified underlying holdings.
Fees
Fees are Above Average compared to funds in the same category.
CMG Absolute Return Strategies Fund has an expense ratio of 2.52 percent.
Risk
Risk is Average compared to funds in the same category according to Morningstar.
