As of 10-31-2018


  • Pursues capital appreciation.
  • Seeks to help investors benefit from a declining U.S. stock market through the convenience of an actively managed bear fund.
  • Employs strategic short selling supported by an intensive security-by-security research process.
  • Long positions include undervalued stocks, and may include companies from hard-asset categories such as precious metals and other natural resources.
  • Historically negative correlation with major U.S. and international equity markets; low correlation with other markets.
  • Seeks to limit losses in bull markets through defined risk-management strategies.

Key Investment Team


Symbol   BEARX
Fund Number(s)   409
Newspaper Listing   FPruBearA
CUSIP   31421N709
Benchmark   S&P 500 Index
Performance Inception Date   12-28-1995
Fiscal Year-End   9-30

Morningstar Category & Style

disclosures »
Category Bear Market