Turner Market Neutral Fund Institutional Class (TMNEX)

Net Asset Value
1 Day
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks capital appreciation. The fund invests in stocks of companies with any capitalization range using a long/short strategy in seeking to capture alpha, reduce volatility, and preserve capital in declining markets. Primarily, it takes long positions in those equity securities that have been identified by the adviser as undervalued and likely to increase in price, and short positions in those equity securities that have been identified by the adviser as overvalued and likely to decrease in price. The fund typically holds between 10 and 40 securities long, and between 10 and 40 securities short.


1 month-3.68% 3 years+0.16%
3 months-0.97% 5 years--
1 year+7.24% Since inception+2.10%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return--+2.00%
Expense ratio2.98%1.79%
Risk 5 year sharpe ratio--0.44
Net assets$3.9M$704.3M
Average market cap$8.7B$18.4B
Average P/E18.016.2
Portfolio turnover973%973%

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Fund Management and Purchase Info

Fund familyTurner Funds
Fund manager & tenureRobert Turner / 0 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00


U.S. stock31.54%
International stock10.03%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
DEPO DepoMed, Inc.2.74%
PCP Precision Castparts Corp.2.38%
URBN Urban Outfitters Inc.2.23%
LYB LyondellBasell Industries NV2.20%
NXPI NXP Semiconductor NV2.14%
VSI Vitamin Shoppe, Inc.1.90%
PTR PetroChina Co Ltd ADR1.79%
TILE Interface, Inc. Class A1.64%
AMG Affiliated Managers Group Inc1.64%
AZN AstraZeneca PLC ADR1.53%

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