Turner Medical Sciences Long/Short Fund Institutional Class (TMSEX)

13.05
Net Asset Value
-1.36%
1 Day
+10.97%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.01%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks capital appreciation. The fund invests primarily (at least 80% of its net assets) in stocks of companies engaged in the health care sector using a long/short growth strategy in seeking to capture alpha, reduce volatility, and preserve capital in declining markets. Its holdings may generally range from small companies with over $250 million in market capitalization at the time of purchase to larger, established firms in the health care industry. The fund typically holds between 15 and 75 securities long, and between 15 and 75 securities short.

Performance

1 month+9.43% 3 years+9.60%
3 months+7.39% 5 years--
1 year+21.35% Since inception+8.99%
Data through --

Peer Comparisonvs. Market neutral

 TMSEXCategory
Performance 5-yr return--+1.58%
Expense ratio3.01%1.80%
Risk 5 year sharpe ratio--0.22
Net assets$35.6M$683.0M
Average market cap$1.1B$35.2B
Average P/E--16.4
Portfolio turnover492%492%

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Fund Management and Purchase Info

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

Holdings

U.S. stock62.68%
Cash32.79%
International stock4.53%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
DEPO DepoMed Inc6.92%
HZNP Horizon Pharma Inc6.84%
FLML Flamel Technologies ADR5.45%
IG IGI Inc4.83%
BBH Market Vectors® Biotech ETF4.82%
AEGR Aegerion Pharmaceuticals Inc4.48%
CBST Cubist Pharmaceuticals Inc3.94%
BDSI BioDelivery Sciences International Inc3.91%
JAZZ Jazz Pharmaceuticals PLC3.85%
EW Edwards Lifesciences Corp3.74%

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