4 / 5 Stars
2 1 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 77 Nontraditional 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 4.92 percent over the past year, and 3.57 percent over the past three years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.1%|
|3 Years (Annualized)||3.6%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide positive returns under a variety of market conditions. The fund is actively managed by taking both long and short positions in debt and equity securities and investing in derivatives. It invests primarily in U.S. fixed-income and floating rate securities. The fund may invest in securities of both investment and non-investment ("junk") grade credit quality and may invest in securities that have not been rated by a rating agency. It may invest in debt securities of any maturity and does not attempt to maintain any pre-set average portfolio maturity or duration. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
Driehaus Select Credit Fund has an expense ratio of 1.23 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.