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®
JPMorgan Multi Cap Market Neutral Fund (OGNAX)
| Performance (1-yr.): 0.21% | Expenses: 1.52% |
| Performance (1-mo.): 0.83% | Total Assets: $412.42M |
JPMorgan Research Market Neutral Fund (JMNAX)
| Performance (1-yr.): 1.60% | Expenses: 1.52% |
| Performance (1-mo.): 0.14% | Total Assets: $744.09M |
Kellner Merger Fund (GAKIX)
| Performance (1-yr.): — | Expenses: 1.75% |
| Performance (1-mo.): 0.58% | Total Assets: $4.3M |
LMCG Global Market Neutral Fund (GMNIX)
| Performance (1-yr.): — | Expenses: 1.60% |
| Performance (1-mo.): — | Total Assets: $10 |
Merger Fund (MERFX)
| Performance (1-yr.): 2.69% | Expenses: 1.32% |
| Performance (1-mo.): 0.25% | Total Assets: $4.49B |
Palmer Square SSI Alternative Income Fund (PSCAX)
| Performance (1-yr.): — | Expenses: 1.84% |
| Performance (1-mo.): 0.63% | Total Assets: $258.34M |
Parametric Market Neutral Fund (EPRAX)
| Performance (1-yr.): 0.46% | Expenses: 1.55% |
| Performance (1-mo.): 1.18% | Total Assets: $54.82M |
PIMCO Worldwide Fundamental Advantage AR Strategy Fund (PWWAX)
| Performance (1-yr.): — | Expenses: 1.39% |
| Performance (1-mo.): 1.77% | Total Assets: $2.56B |
Prudential Jennison Market Neutral Fund (PJNAX)
| Performance (1-yr.): 3.95% | Expenses: 1.85% |
| Performance (1-mo.): 0.32% | Total Assets: $53.94M |
PSI Market Neutral Fund (FXMAX)
| Performance (1-yr.): 3.59% | Expenses: 2.49% |
| Performance (1-mo.): 0.91% | Total Assets: $41.32M |
