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Mutual Fund Insights: Absolute Opportunities Instl Fund (AOFOX)
In-depth Analysis of Absolute Opportunities Instl (AOFOX)
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Last Trade: $12.50 on 11/20/2009, Change: -0.02 (-0.16%)
Fund Manager - Jay Compson
Fund Manager Tenure: 1.1 yearsFundmojo Fund Grade: N/A (Score: *manager is new*) (What does this score mean?)
Category Average: 5.82% , -1.96% , 2.10% | Category Average: 2.13% | Category Average: 347.16% |
What we like about Absolute Opportunities Instl Fund (AOFOX)
Data for Absolute Opportunities Instl Fund (AOFOX) as of October 31, 2009
- Absolute Opportunities Instl Fund (AOFOX) is a new fund and has been performing well against its peers for both three-month and 1-year performance
- Absolute Opportunities Instl Fund (AOFOX) has good short-term performance (1-year return 22.96% vs 5.82% Long-Short category average)
- Absolute Opportunities Instl Fund (AOFOX) has an annual stock turnover rate of 281.00% vs Long-Short average of 347.16%. It is good that Absolute Opportunities Instl management does not trade extensively for its return.
- Absolute Opportunities Instl Fund (AOFOX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses
What we are cautious about Absolute Opportunities Instl Fund (AOFOX)
Data for Absolute Opportunities Instl Fund (AOFOX) as of October 31, 2009
- Absolute Opportunities Instl Fund (AOFOX) management has been with Absolute Opportunities Instl Fund for only 1.1 years, it is hard to judge manager's ability based on this fund's operation record
- Absolute Opportunities Instl Fund is a focused fund with 45.28% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
- Absolute Opportunities Instl Fund (AOFOX) has a higher management fee of 2.95% than its Long-Short average of 2.13%
Interested in other top mutual funds in similar Long-Short category?
Below are some additional Long-Short mutual funds generated out of our database
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Absolute Opportunities Instl Fund (AOFOX) Net Asset
Track net asset change of Absolute Opportunities Instl fund (AOFOX)
| Date | Net Asset |
| 10/2009 | $209.54M |
| 09/2009 | $203.20M |
| 08/2009 | $153.73M |
Absolute Opportunities Instl Fund (AOFOX) Portfolio Allocation
Track portfolio allocation change of Absolute Opportunities Instl fund (AOFOX)
| Date | Cash | Stock | Bond | Other |
| 12/2008 | 0% | 0% | 0% | 0% |
Most Recent Top 10 Holdings in Absolute Opportunities Instl Fund (AOFOX)
Discover what Absolute Opportunities Instl Fund (AOFOX) manager is buying
N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] |
Related books and products to Absolute Opportunities Instl Fund (AOFOX)
Latest News on Absolute Opportunities Instl (AOFOX)
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- Fund Mojo Score is 0.75 (A+) and above
- Fund Manager has been with the fund for more than 5 years
- Key performances (1-year, 3-year and 5-year performance) beat its category peers
- 5-year return is positive
- Initial investment requirement is less or equal to $10,000
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| Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data. |
