Long/Short Equity

Long-short portfolios hold sizable stakes in both long and short positions. Some funds that fall into this category are market neutral - dividing their exposure equally between long and short positions in an attempt to earn a modest return that is not tied to the market's fortunes. Other portfolios that are not market neutral will shift their exposure to long and short positions depending upon their macro outlook or the opportunities they uncover through bottom-up research. Morningstar®

#1 ASTON/Anchor Capital Enhanced Equity Fund (AMBEX)

Performance (1-yr.): 5.65% Expenses: 1.22%
Performance (1-mo.): 2.73% Total Assets: $133.2M
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#2 Bridgeway Managed Volatility Fund (BRBPX)

Performance (1-yr.): 6.11% Expenses: 0.95%
Performance (1-mo.): 0.32% Total Assets: $26.03M
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#3 Burnham Financial Industries Fund (BURFX)

Performance (1-yr.): 20.18% Expenses: 1.76%
Performance (1-mo.): 1.01% Total Assets: $62.4M
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#4 Hussman Strategic International Fund (HSIEX)

Performance (1-yr.): 0.10% Expenses: 1.79%
Performance (1-mo.): 1.23% Total Assets: $90.5M
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#5 Wegener Adaptive Growth Fund (WAGFX)

Performance (1-yr.): 13.15% Expenses: 2.00%
Performance (1-mo.): 10.71% Total Assets: $1.88M
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#6 Toews Hedged Emerging Markets Fund (THEMX)

Performance (1-yr.): 0.70% Expenses: 1.59%
Performance (1-mo.): 0.14% Total Assets: $7.46M
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361 Long/Short Equity (ALSQX)

Performance (1-yr.): 1.10% Expenses: 2.29%
Performance (1-mo.): 1.25% Total Assets: $1.38M
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Aberdeen Equity Long-Short Fund (MLSAX)

Performance (1-yr.): 4.20% Expenses: 1.57%
Performance (1-mo.): 0.08% Total Assets: $613.02M
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AdvisorOne Enhanced Income Fund (CLEIX)

Performance (1-yr.): 5.22% Expenses: 1.47%
Performance (1-mo.): 0.75% Total Assets: $95.34M
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Alger Dynamic Opportunities Fund (SPEDX)

Performance (1-yr.): 6.29% Expenses: 2.00%
Performance (1-mo.): 0.08% Total Assets: $48.62M
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Top Performing Long/Short Equity Funds as of 05.03.2013

Toews Hedged International Developed Markets Fund (THIDX)

Total Return: 4.85%

CBRE Clarion Long/Short Fund (CLSIX)

Total Return: 3.57%

PIMCO EqS Long/Short Fund (PMHAX)

Total Return: 3.13%

Burnham Financial Industries Fund (BURFX)

Total Return: 20.18%

Catalyst Strategic Insider Fund (STVAX)

Total Return: 19.25%

Virtus Dynamic AlphaSector Fund (EMNAX)

Total Return: 19.22%

Guggenheim Alpha Opportunity Fund (SAOAX)

Total Return: 15.40%

Robeco Boston Partners Long/Short Equity Fund (BPLSX)

Total Return: 12.04%

Glenmede Total Market Portfolio (GTTMX)

Total Return: 11.92%

* annualized