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The Best and Worst Mutual Funds at 2013’s Midway Point

A look at some of the year's most notable winners and losers

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Loser: Federated Prudent Bear Fund

Federated185YTD Return: -13%

There’s a pretty easy way to determine whether a bear fund is doing poorly. Has the market done well? If so, your bear fund probably isn’t too happy about it.

The big player in the market — Federated Prudent Bear (BEARX), which is an actively managed short-selling fund — fell off nearly 13%.

Fund manager Doug Noland is a top short seller, but even the best of bears are hard-pressed to make money when the market’s in full bull mode. Consider that the average return for the past three years is a grisly -16%.

Regardless, Noland still has his eye on a few potential short opportunities. Current BEARX top holdings include Aflac (AFL), Carnival (CCL) and FedEx (FDX).

A-class shares have a hefty 1.74% expense ratio and are subject to a maximum 5.5% sales charge.

Article printed from InvestorPlace Media,

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