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®

Invesco Global Market Neutral Fund (MKNAX)

Performance (1-yr.): Expenses: 1.62%
Performance (1-mo.): 0.29% Total Assets: $10.29M
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JPMorgan Market Neutral Fund (HSKAX)

Performance (1-yr.): 1.43% Expenses: 1.51%
Performance (1-mo.): 0.35% Total Assets: $203.1M
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JPMorgan Multi Cap Market Neutral Fund (OGNAX)

Performance (1-yr.): 1.46% Expenses: 1.59%
Performance (1-mo.): 0.92% Total Assets: $412.29M
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JPMorgan Research Market Neutral Fund (JMNAX)

Performance (1-yr.): 2.75% Expenses: 1.51%
Performance (1-mo.): 0.40% Total Assets: $733.26M
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Kellner Merger Fund (GAKAX)

Performance (1-yr.): 5.37% Expenses: 1.80%
Performance (1-mo.): 1.96% Total Assets: $4.72M
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LMCG Global Market Neutral Fund (GMNIX)

Performance (1-yr.): Expenses: 1.60%
Performance (1-mo.): 1.93% Total Assets: $11.34M
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Nuveen Equity Market Neutral Fund (NMAEX)

Performance (1-yr.): Expenses: 2.59%
Performance (1-mo.): 0.94% Total Assets: $38.72M
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Palmer Square SSI Alternative Income Fund (PSCAX)

Performance (1-yr.): 1.70% Expenses: 1.75%
Performance (1-mo.): 0.39% Total Assets: $465.27M
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Parametric Market Neutral Fund (EPRIX)

Performance (1-yr.): 3.03% Expenses: 1.25%
Performance (1-mo.): 0.00% Total Assets: $31.6M
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PIMCO Fundamental Advantage Absolute Return Strategy Fund (PTFAX)

Performance (1-yr.): 1.72% Expenses: 1.29%
Performance (1-mo.): 0.26% Total Assets: $4.51B
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Top Performing Market Neutral Funds As of 03.05.2014

Visium Event Driven Fund (VIDVX)

Total Return: 3.20%

Turner Market Neutral Fund (TMNCX)

Total Return: 2.81%

Whitebox Market Neutral Equity Fund (WBLFX)

Total Return: 2.11%

BlackRock Global Long/Short Equity Fund (BDMAX)

Total Return: 15.00%

Whitebox Market Neutral Equity Fund (WBLFX)

Total Return: 14.86%

Causeway Global Absolute Return Fund (CGAIX)

Total Return: 14.79%

Whitebox Market Neutral Equity Fund (WBLFX)

Total Return: 6.86%

Causeway Global Absolute Return Fund (CGAIX)

Total Return: 6.06%

Vanguard Market Neutral Fund (VMNIX)

Total Return: 4.70%

* Annualized