3 / 5 Stars
2 2 4 1 3
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 86 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 6.67 percent over the past year, and 3.38 percent over the past three years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||2.9%|
|3 Years (Annualized)||3.4%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to achieve total return through current income, capital preservation and capital appreciation. As a mutual fund of funds, the fund pursues its investment objective by investing primarily in a portfolio of one or more affiliated investment companies (such as the Relative Value-Long/Short Debt Portfolio) (the "underlying funds"). The fund invests its assets in the underlying funds consistent with its objective of achieving total return through current income, capital preservation and capital appreciation. The fund may also invest in other non-affiliated investment companies primarily including exchange-traded funds ("ETFs").
Fees are Low compared to funds in the same category.
Hatteras Long / Short Debt Fund has an expense ratio of 2.99 percent.
Risk is Average compared to funds in the same category according to Morningstar.