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®
TFS Market Neutral Fund (TFSMX)
| Performance (1-yr.): 4.44% | Expenses: 8.70% |
| Performance (1-mo.): 2.17% | Total Assets: $1.88B |
Touchstone Merger Arbitrage Fund (TMGAX)
| Performance (1-yr.): 3.91% | Expenses: 1.70% |
| Performance (1-mo.): 0.37% | Total Assets: $500.07M |
Transamerica Arbitrage Strategy Fund (None)
| Performance (1-yr.): 1.34% | Expenses: 1.25% |
| Performance (1-mo.): 0.40% | Total Assets: $102.0M |
Turner Market Neutral Fund (TMNCX)
| Performance (1-yr.): 10.62% | Expenses: 2.95% |
| Performance (1-mo.): 0.22% | Total Assets: $13.87M |
UBS Equity Long-Short Multi-Strategy Fund (BMNAX)
| Performance (1-yr.): 6.32% | Expenses: 1.76% |
| Performance (1-mo.): 1.61% | Total Assets: $16.36M |
Vanguard Market Neutral Fund (VMNIX)
| Performance (1-yr.): 2.36% | Expenses: 0.17% |
| Performance (1-mo.): 0.29% | Total Assets: $211.07M |
VFM Steadfast Fund (VFMSX)
| Performance (1-yr.): — | Expenses: 2.00% |
| Performance (1-mo.): 0.10% | Total Assets: $13.94M |
Whitebox Long Short Equity Fund (WBLFX)
| Performance (1-yr.): 0.50% | Expenses: 1.70% |
| Performance (1-mo.): 0.00% | Total Assets: $16.28M |
Zacks Market Neutral Fund (ZMNAX)
| Performance (1-yr.): 5.12% | Expenses: 1.65% |
| Performance (1-mo.): 1.89% | Total Assets: $25.72M |
