Best- and worst-performing alternatives mutual funds

JUN 15, 2014
Top 10Portfolio net assets ($M)1-year return3-year return5-year returnExpense ratio*
Highland Long/Short Healthcare Fund A (HHCAX)$277.836.62%7.64%13.03%2.92%
Gotham Enhanced Return Fund Institutional (GENIX)$801.933.29%N/AN/A3.62%
MainStay U.S. Equity Opportunities Fund I (MYCIX)$428.525.78%19.34%19.20%2.36%
American Century Core Equity Plus Fund A (ACPQX)$150.823.07%N/AN/A2.12%
Gotham Absolute Return Fund Institutional (GARIX)$1,543.021.21%N/AN/A3.24%
JPMorgan US Dynamic Plus Fund Select (JILSX)$270.220.18%16.04%16.55%1.75%
Convergence Core Plus Fund Institutional (MARNX)$321.818.74%17.01%N/A2.21%
Virtus Dynamic AlphaSector Fund A (EMNAX)$2,690.417.41%11.68%6.33%3.06%
Highland Long/Short Equity Fund Z (HEOZX)$1,064.414.60%6.90%7.12%2.37%
Robeco Boston Partners Long/Short Research Fund Institutional (BPIRX)$4,402.713.89%10.87%N/A2.75%
Bottom 5
Direxion Indexed Managed Futures Strategy A (DXMAX)$102.6-12.93%N/A0.00%1.45%
Forward Credit Analysis Long/Short Fund Inv (FLSRX)$111.1-10.15%2.50%5.98%1.84%
Columbia Absolute Return Enhanced Multi-Strategy Z (CEMZX)$143.4-6.22%0.08%N/A1.57%
Altegris Macro Strategy Fund I (MCRIX)$127.5-5.96%-7.01%N/A2.09%
Pacific Life Currency Strategies P$135.2-5.71%N/AN/A0.88%
Total/average$318,388.93.99%3.29%5.72%2.09%
LIBOR USD 3 Months0.25%0.33%0.34%

Assets as of April 30, returns as of June 3. Distinct classes and funds with $100 million portfolio minimum only. Excludes leveraged and inverse funds. Funds closed to new investors have been omitted for the top-10 grouping. Rankings are based on unrounded figures. Three and five-year returns are annualized. In case of multiple share classes, the oldest share class is listed. N/A = not available (fund has been in operation for less than the year indicated). *Net prospectus Source: Lipper

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