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®

HAGIN Keystone Market Neutral Fund (HKMNX)

Performance (1-yr.): 0.32% Expenses: 2.40%
Performance (1-mo.): 1.57% Total Assets: $500,162
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Invesco All Cap Market Neutral Fund (CPNAX)

Performance (1-yr.): Expenses: 1.62%
Performance (1-mo.): 2.32% Total Assets: $11.39M
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Invesco Global Market Neutral Fund (MKNAX)

Performance (1-yr.): Expenses: 1.62%
Performance (1-mo.): 0.10% Total Assets: $11.22M
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JPMorgan Market Neutral Fund (HSKAX)

Performance (1-yr.): 1.82% Expenses: 1.51%
Performance (1-mo.): 0.55% Total Assets: $139.38M
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JPMorgan Multi Cap Market Neutral Fund (OGNAX)

Performance (1-yr.): 1.23% Expenses: 1.59%
Performance (1-mo.): 0.80% Total Assets: $451.01M
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JPMorgan Research Market Neutral Fund (JMNAX)

Performance (1-yr.): 2.74% Expenses: 1.51%
Performance (1-mo.): 0.47% Total Assets: $729.2M
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Kellner Merger Fund (GAKAX)

Performance (1-yr.): 3.65% Expenses: 1.76%
Performance (1-mo.): 1.57% Total Assets: $35.29M
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LMCG Global Market Neutral Fund (GMNIX)

Performance (1-yr.): 4.18% Expenses: 1.60%
Performance (1-mo.): 1.26% Total Assets: $12.66M
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Nuveen Equity Market Neutral Fund (NMAEX)

Performance (1-yr.): 3.64% Expenses: 2.59%
Performance (1-mo.): 3.16% Total Assets: $41.06M
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Palmer Square SSI Alternative Income Fund (PSCAX)

Performance (1-yr.): 2.27% Expenses: 1.75%
Performance (1-mo.): 0.13% Total Assets: $532.67M
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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