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.