Long/Short Equity Report - May 2017
Top 10 Long/Short Equity Funds by AUM vs. LSOFX Comparison
Source: Morningstar Direct
The top 10 long/short equity funds selected are the top 10 funds by AUM as of May 2017.
As of 3/31/17 LSOFX annual returns for the periods that follow are: since inception on 9/29/10: 6.28%; 5 year: 6.73%; 3 year: 4.04%; 1 year: 9.67%. The performance quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. The Fund's gross expense ratio is 3.92%. The Adviser has entered into an amended expense limitation agreement, pursuant to which it will waive its fees and/or reimburse other expenses of the Fund until September 30, 2017, so that Total Annual Fund Operating Expenses (not including interest, taxes, brokerage commissions, other expenditures which are capitalized in accordance with generally accepted accounting principles, other extraordinary expenses not incurred in the ordinary course of business, dividend expenses on short sales, expenses incurred under a Rule 12b-1 plan, acquired fund fees and expenses and expenses that the Fund incurred but did not actually pay because of an expense offset arrangement) does not exceed 1.95%. Performance data current to the most recent month end may be obtained by calling 1-877-336-6763.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling (877) 336-6763. The performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
Fund is distributed by Unified Financial Securities, Inc., 9465 Counselor's Row, Suite 200, Indianapolis, IN 46240. (Member FINRA)
Investment in shares of a Long/Short equity fund is more volatile and risky than some other forms of investments. Since a Long/Short equity fund has both a long and a short portfolio, an investment in the Fund will involve risks associated with twice the number of investment decisions made for a typical stock fund. These types of funds typically have a high portfolio turnover that could increase transaction costs and cause short-term capital gains to be realized.
Diversification does not ensure a profit or guarantee against loss.
Long Short Advisors is registered as an investment adviser with the Securities and Exchange Commission.
Information contained on this website does not constitute an offer to sell, or a solicitation of an offer to buy shares of the Fund, nor shall any shares be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.
This site also is not intended to provide specific individual advice including, without limitation, investment, financial, legal, accounting, or tax advice.