| Table 1. Mutual Funds With Hedge Fund Traits | |||||||||||||||
| Fund Name | Ticker | 2006 YTD |
2005 | 2004 | 2003 | 2002 | 2001 | 3-Year Average |
5-Year Average |
Tax Eff. Rating |
Yield 12- Month |
Beta | ASD 3- year |
Expenses | 800 Number |
| Long-Short Funds | |||||||||||||||
| Baron Partners | BPTRX | 13.4 | 14.4 | 42.4 | na | na | na | 35.8 | na | na | 0.0 | 1.24 | 13.0 | 1.62 | 992-2766 |
| Caldwell & Orkin Mkt Opp | COAGX | (1.4) | (0.1) | (1.0) | (6.6) | 2.9 | (3.8) | (2.2) | (0.7) | 95 | 1.1 | (0.24) | 4.4 | 1.79 | 237-7073 |
| ICON Long/Short I | IOLIX | 13.1 | 6.3 | 18.2 | 37.8 | na | na | 24.7 | na | na | 0.0 | 1.29 | 12.9 | 1.58 | 828-4881 |
| Laudus Rosenberg Value Long Short Eqty Inv | BRMIX | 3.1 | 6.2 | 2.5 | (6.6) | 27.9 | 11.3 | 2.0 | 7.7 | 98 | 0.7 | (0.07) | 5.5 | 2.06 | 447-3332 |
| Prudent Bear | BEARX | 8.0 | 2.0 | (14.1) | (10.4) | 62.9 | 7.4 | (1.8) | 8.9 | 96 | 1.0 | (0.58) | 8.5 | 1.85 | 711-1848 |
| Schwab Hedged Equity Inv | SWHIX | 1.2 | na | na | na | na | na | na | na | 98 | 0.3 | 0.40 | 3.9 | 2.00 | 435-4000 |
| Inverse Funds | |||||||||||||||
| Leuthold Grizzly Short | GRZZX | (3.5) | (3.3) | (14.4) | (30.8) | 15.5 | 22.1 | (16.6) | (6.1) | 94 | 3.3 | (1.41) | 12.0 | 2.94 | 273-6886 |
| Rydex Inverse OTC* | RYAIX | (1.8) | 1.2 | (11.6) | (36.9) | 35.5 | 15.1 | (13.7) | (4.4) | 98 | 1.5 | (1.61) | 14.4 | 1.38 | 820-0888 |
| Rydex Inverse Dynamic S&P 500* | RYTPX | (7.6) | (4.5) | (20.0) | (43.5) | 37.5 | 20.8 | (23.0) | (9.3) | 99 | 1.9 | (1.95) | 15.3 | 1.66 | 820-0888 |
| Rydex Inverse S&P 500* | RYURX | (3.3) | (0.7) | (9.8) | (23.7) | 22.2 | 16.3 | (11.1) | (2.5) | 98 | 1.5 | (0.99) | 7.8 | 1.38 | 820-0888 |
| Merger-Arbitrage Funds | |||||||||||||||
| Arbitrage R | ARBFX | 3.5 | (0.2) | 0.6 | 15.2 | 9.3 | 9.0 | 4.9 | 4.6 | 98 | 0.0 | 0.53 | 5.5 | 1.95 | 295-4485 |
| Gabelli ABC | GABCX | 6.0 | 5.0 | 1.9 | 4.9 | 0.9 | 4.6 | 5.7 | 4.4 | 97 | 1.4 | 0.10 | 2.0 | 0.61 | 422-3554 |
| Merger | MERFX | 4.3 | 0.8 | 2.7 | 11.0 | (5.7) | 2.0 | 5.6 | 2.5 | 96 | 0.1 | 0.29 | 3.5 | 1.36 | 343-8959 |
| Benchmark | |||||||||||||||
| S&P 500 | SP5TR | 5.6 | 4.9 | 10.9 | 28.7 | (22.1) | (11.9) | 14.7 | 2.7 | na | na | 1.00 | 7.8 | 0.00 | |
| *Reflects recent fund name change. Data as of 4/30/2006. Source: S&P/Micropal. |
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