Parametric Absolute Return Fund

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.

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Performance

The fund has returned -0.75 percent over the past year, and 0.60 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 1.9%
1 Year -0.7%
3 Years (Annualized) 0.6%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks total return. The fund pursues its investment objective principally by writing a series of call and put option spread combinations on the S&P 500 Composite Stock Price Index, a broad-based U.S. stock market index, and/or another proxy for the S&P 500 Index. It expects to maintain a dollar-weighted average effective maturity of one year or less.

Fees

Fees are Low compared to funds in the same category.
Parametric Absolute Return Fund has an expense ratio of 1.45 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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