3 / 5 Stars
4 4 5 1 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 6.01 percent over the past year, 2.12 percent over the past three years, 5.78 percent over the past five years, and 2.02 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.1%|
|3 Years (Annualized)||2.1%|
|5 Years (Annualized)||5.8%|
|10 Years (Annualized)||2.0%|
The investment seeks to achieve consistent returns with low correlation to traditional financial market indices while maintaining a high correlation to the Hedge Fund Research, Inc. ("HFRI") Fund of Funds Composite Index. The fund pursues its investment objective by investing primarily in affiliated Long/ Short Equity, Market Neutral, Relative Value - Long/Short Debt, Event Driven and Managed Futures Strategies portfolios ("underlying funds"). It may also invest in other non-affiliated investment companies primarily including exchange-traded funds ("ETFs").
Fees are High compared to funds in the same category.
Hatteras Alpha Hedged Strategies Fund has an expense ratio of 4.74 percent.
Risk is Average compared to funds in the same category according to Morningstar.