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Lipper
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Zacks Investment Research
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 22 Multicurrency 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 0.50 percent over the past year.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | -0.4% |
| 1 Year | 0.5% |
| 3 Years (Annualized) | N/A |
| 5 Years (Annualized) | N/A |
| 10 Years (Annualized) | N/A |
Summary
The investment seeks to protect against depreciation of the U.S. dollar relative to other currencies. The fund normally seeks its investment objective by investing at least 80% of its net assets in investments that create exposure to currencies other than the U.S. dollar. The adviser expects to gain exposure to non-dollar currencies primarily through positions in monthly or other short-dated forward currency contracts or other derivative instruments backed by holdings of U.S. Treasury bills and other short-term U.S. government obligations. The fund may have concentrated exposures to a particular geographic region or related group of currencies.
Fees
Fees are Above Average compared to funds in the same category.
Parametric Currency Fund has an expense ratio of 0.65 percent.
Risk
Risk is N/A compared to funds in the same category according to Morningstar.
