A selection of hybrid funds

by

Fund YTD thru June 2003 2002 2001 Assets $m Inception Date Ticker
AXA Rosenberg Global L/S Equity Investment -2.86 21.9 N/A 9 Aug-01 RMSIX
AXA Rosenberg US LM L/S Institutional -3.53 15.7 11.1 25 Oct-98 SSMNX
AXA Rosenberg Val L/S Equity Institutional -4.82 28.31 11.5 84 Dec-97 BMNIX
Boston Partners L/S Equity Institutional -3.58 -0.51 25.24 59 Nov-98 BPLSX
Boston Partners L/S Equity Investment -3.66 -0.82 24.9 17 Nov-98 BPLEX
Calamos Market Neutral A 4.58 6.6 8.3 451 Sep-90 CVSIX
Choice L/S A 6.18 29.3 N/A 8 Feb-01 CHLAX
Comstock Capital Value A -16.81 35.9 21.4 75 Oct-85 DRCVX
Franklin U.S. Short -0.69 -6.23 -1.4 142 May-99 FUSLX
Grizzly Short Fund -15.26 15.4 22.1 10 Jun-00 GRZZX
James Market Neutral -2.45 1.5 1.7 9 Oct-98 JAMNX
JPMorgan Institutional Market Neutral 3.26 -3.6 7.4 18 Dec-98 JPMNX
Lindner Market Neutral Investment 2.71 -1 -7.6 8 Feb-94 LDNBX
Phoenix-Euclid Market Neutral A 1.98 5.6 6.5 40 May-98 EMNAX
Potomac U.S. L/S -12.66 17.9 11.6 13 Nov-97 PSPSX
ProFunds UltraShort OTC Investment -40.39 48.5 -7.3 124 Jun-98 USPIX
Prudent Bear -13.1 62.8 7.3 455 Dec-95 BEARX
Rydex Ursa Advantage -12.2 21.5 15.6 54 Aug-98 RYUAX
Rydex Ursa Investment -11.96 22.2 16.3 579 Jan-94 RYURX
Schwab Hedged Equity Fund 8.41 N/A N/A 36 Sep-02 SWHEX
The Arbitrage 5.24 9.2 8.9 147 Sep-00 ARBFX
Hussman Strategic Growth 9.01 14.02 14.67 512 May-00 HSGFX
Needham Growth 20.38 -28.29 12.15 329 Dec-95 NEEGX
Source: Morningstar