2.61 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating NA
Previous Close 2.61
Category Bear Market
Net Assets 249.10 Mil
Yield 0.00%
Morningstar Risk NA
Morningstar Return NA
  • Last NAV update 4/15/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks capital appreciation. The fund holds short-term liquid securities such as money market funds, U.S. Treasury securities or government agency securities for liquidity purposes and to cover the fund's obligation to purchase securities subject to short sales in the future. It also seeks capital appreciation through long positions on equity securities which the fund's Adviser believes are undervalued. Normally, however, the fund is expected to have more short exposure than long exposure on securities and/or the overall market.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return -13.21% -7.61% -16.93% -27.27% -1.14%
Value ($) 8,678.90 8,018.35 6,660.55 4,844.04 4,788.99
  • Year to date performance as of 4/15/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Federated
Fund Manager Douglas Noland
Tenure (Years) 15
Fund Status Open
Minimum Initial Purchase 1,500.00
Minimum IRA Investment 250.00
Front Load 5.50
Expense Ratio 1.75%
PERFORMANCE
Symbol Value ($)
1 Month -1.88%
3 Months -1.14%
1 Year -20.91%
3 Years* -16.17%
5 Years* -17.21%
  • * Annualized returns
  • Performance as of 4/15/2014 12:00 AM ET
PEER COMPARISON
  BEARX Bear Market
5-Yr Return -17.21% -28.10%
Sharpe Ratio -1.46 -2.27
Net Assets 249.10 Mil 103.39 Mil
Avg Market Cap 1.02 Bil NA
Avg P/E 18.11 NA
Portfolio Turnover 498 562
HOLDINGS
Symbol Value ($)
Stocks 7.92%
Cash 268.21%
Fixed Income 0.00%
Other 0.16%
TOP 10 HOLDINGS
NAME % NET ASSETS
US Treasury Note 4% 66.08%
S+p 500 Future Mar14 59.54%
US Treasury Note 2.25% 44.23%
US Treasury Bill 43.84%
US Treasury Bill 43.83%
SPDR S&P 500 24.70%
iShares MSCI Emerging Markets 7.66%
iShares Russell 2000 2.22%
Target Corp 2.21%
Intuitive Surgical, Inc. 2.19%
DATA PROVIDERS

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Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Financial data in US dollars | Page generated 10:47 AM ET
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