Fund Research for TFS Market Neutral (TFSMX)

  • Fund Overview

    Fund Inception Date: Sep 07, 2004
    Category: Long-Short
    Overall Risk: Average
    Fund Family: TFS Capital Funds
    Return Since Inception: 9.47%
    YTD Return: 16.02%
    Yield (TTM): 0.00%
    Net Assets: 828.41 M
    Morningstar Rating:
    5 of 5

    The investment seeks to produce capital appreciation while having a low correlation to the U.S. equity market (S&P 500). The fund seeks to minimize U.S. equity market risk by taking both long and short positions in US common stocks. It generally owns a diversified portfolio of common stocks while maintaining a diversified portfolio of short positions in common stocks. The fund primarily invests in common stocks and, to a lesser degree, in registered investment companies. It may invest in equity options, financial futures, and other types of equity derivatives.

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    Size
    Average Market Cap $1,266 M
    Market Capitalization Portfolio
    Giant 1.35%
    Large 1.72%
    Medium 35.69%
    Small 41.96%
    Micro 19.28%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/23/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 09/30/2004 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 16.02% 27.44% 8.01% 9.49% — 9.47%
    +/- Category 5.77% 10.56% 9.15% 7.25% — —
    +/- ML USD LIBOR 3 Mon CM — — — — 3.58% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 13.29% 14.86% 8.11% 9.16% — 9.47%
    Quarter (as of 09/30/2009) 16.55% 16.24% 9.93% 9.86% — 10.25%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/23/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/23/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 09/07/2004
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 19.74%
    Service 39.37%
    Manufacturing 30.07%

    Asset Allocation

    Short Long Net Assets
    Cash 0.45% 68.12% 67.68%
    Stocks 61.96% 89.51% 27.54%
    Bonds 0.21% 4.26% 4.05%
    Other 0.17% 0.73% 0.56%
    Foreign Stocks
    (as a % of assets)    		 0.40% 4.40% 4.00%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    - Csfb - Tfs Shorts — — — 41.95%
    * Jefferies - Tfs Short — — — 22.29%
    + Umb Money Mkt Fiduciary — — — 3.25%
    + SIRIUS XM RADIO INC (SIRI) Media 3.96 399.75% 0.75%
    + HUNTSMAN CORP (HUN) Industrial Materials 3.93 146.80% 0.75%
    + LULULEMON ATHLETICA INC (LULU) Consumer Goods 51.00 217.02% 0.72%
    + ALLIANCE DATA SYSTEMS CORP (ADS) Financial Services 21.10 23.36% 0.64%
    + FEDERAL NATL MTG ASSN (FNM) Financial Services — 51.32% 0.52%
    + U S AIRWAYS GROUP INC (LCC) Business Services — -62.10% 0.51%
    + SOLUTIA INC (SOA) Industrial Materials — 148.22% 0.48%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/23/2009
    All other data as of 09/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 04/27/2009
    Expense Ratio (based on net assets) 2.49%
    Taken from annual report dated 10/31/2008

  • Fund Management