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The Fund seeks long-term capital appreciation.
The Long-Short Fund seeks to achieve its objective regardless of market conditions through the purchase and short sale of equity securities of U.S. companies of any size. The Fund’s investment team takes long positions in the stocks of companies it believes will increase in value and it sells short the stock of companies it believes will either decline in value or underperform the Fund’s long positions.
An expanding opportunity set
TOP HOLDINGS (all classes) as of 12/30/2016
View detailed list of holdings
|VISA A SHS USD0.0001||3.61%|
|ORACLE CORP USD0.01||3.55%|
|M&T BANK CORP USD0.5||3.19%|
|CASEYS GENERAL STORES COM NPV USD||3.04%|
|FASTENAL CO USD0.01||-3.08%|
|STATE STREET CORP USD1||-3.02%|
|PRICELINE GRP/THE USD0.008||-2.96%|
|CLOROX COM USD1||-2.87%|
|ALLSTATE CORP USD0.01||-2.80%|
There are special risks associated with selling securities short. A short position will lose value as the security's price increases. Theoretically, the loss on a short sale can be unlimited.
The use of leverage will also increase market exposure and magnify risk.
Equity stocks of small and mid-cap companies carry greater risk, and more volatility than equity stocks of larger, more established companies.
Please read the prospectus for more detailed information regarding these risks.
Dec 31, 1997
$1,000 Classes A, C
$1,000 IRA: Classes A, C
No minimum: Class R
$1,000,000 Institutional Service
as of December 31, 2016