2 / 5 Stars
2 2 5 1 3
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
2 / 5 Stars
#43 in Multisector Bond
U.S. News evaluated 83 Multisector Bond 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 2.42 percent over the past year, 3.90 percent over the past three years, and 6.00 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.3%|
|3 Years (Annualized)||3.9%|
|5 Years (Annualized)||6.0%|
|10 Years (Annualized)||N/A|
The investment seeks long-term capital appreciation. The fund's subadviser employs an opportunistic investment strategy in which the fund invests significantly in fixed income securities indirectly through exchange-traded funds ("ETFs"), and other investment companies, and strategically reduces those investments from time to time to invest in a broad range of U.S. and foreign equity securities when the Subadviser believes it is advantageous to the fund. The fund may take short positions of up to 150% of its net assets in fixed income or equity securities either directly or through the use of total return swaps or futures contracts. It is non-diversified.
Fees are High compared to funds in the same category.
Direxion HCM Freedom Fund has an expense ratio of 2.35 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.