Market Neutral

Market neutral portfolios seek income while maintaining low correlation to fluctuations in market conditions. Market neutral portfolios typically hold 50% of net assets in long positions and 50% of net assets in short positions in order to deliver positive returns regardless of the direction of the market. This category is only used in Morningstar's custom fund and separate account databases. Morningstar®

AllianceBernstein Market Neutral Strategy - Global (AANNX)

Performance (1-yr.): 1.45% Expenses: 1.60%
Performance (1-mo.): 1.11% Total Assets: $11.46M
See all details for AANNX »

AllianceBernstein Market Neutral Strategy - U.S. (AMUAX)

Performance (1-yr.): 2.62% Expenses: 1.56%
Performance (1-mo.): 0.70% Total Assets: $4.01M
See all details for AMUAX »

AllianzGI Structured Return Fund (AZIAX)

Performance (1-yr.): 5.04% Expenses: 1.15%
Performance (1-mo.): 0.45% Total Assets: $18.07M
See all details for AZIAX »

American Century Equity Market Neutral Fund (ALIAX)

Performance (1-yr.): 3.95% Expenses: 1.91%
Performance (1-mo.): 1.08% Total Assets: $105.68M
See all details for ALIAX »

American Century Market Neutral Value Fund (ACVQX)

Performance (1-yr.): 2.20% Expenses: 1.87%
Performance (1-mo.): 0.88% Total Assets: $70.61M
See all details for ACVQX »

AQR Diversified Arbitrage Fund (ADAIX)

Performance (1-yr.): 1.86% Expenses: 1.27%
Performance (1-mo.): 0.55% Total Assets: $2.79B
See all details for ADAIX »

Belvedere Alternative Income Fund (BELAX)

Performance (1-yr.): 0.11% Expenses: 3.20%
Performance (1-mo.): 0.20% Total Assets: $1.45M
See all details for BELAX »

BlackRock Emerging Market Long/Short Equity Portfolio (BLSAX)

Performance (1-yr.): 5.84% Expenses: 2.18%
Performance (1-mo.): 0.71% Total Assets: $522.71M
See all details for BLSAX »

BlackRock Global Long/Short Equity Fund (BDMAX)

Performance (1-yr.): 4.79% Expenses: 2.18%
Performance (1-mo.): 0.26% Total Assets: $1.28B
See all details for BDMAX »

BPV Low Volatility Fund (BPVLX)

Performance (1-yr.): Expenses: 0.59%
Performance (1-mo.): 0.59% Total Assets: $28.81M
See all details for BPVLX »

Top Performing Market Neutral Funds As of 07.03.2014

Visium Event Driven Fund (VIDVX)

Total Return: 4.07%

Driehaus Event Driven Fund (DEVDX)

Total Return: 1.84%

Federated Absolute Return Fund (FMAAX)

Total Return: 1.83%

Turner Medical Sciences Long/Short Fund (TMSCX)

Total Return: 19.58%

Visium Event Driven Fund (VIDVX)

Total Return: 12.53%

Federated Absolute Return Fund (FMAAX)

Total Return: 10.90%

Whitebox Market Neutral Equity Fund (WBLFX)

Total Return: 6.11%

Turner Medical Sciences Long/Short Fund (TMSCX)

Total Return: 5.15%

Calamos Market Neutral Income (CVSIX)

Total Return: 4.59%

* Annualized