M* JR: Low-Risk (Claimed) = High Risk (Realized)

[yogibearbull]

M* JR looks at "conservative" or "low-risk" funds with complex long-short or derivative strategies. They typically perform poorly, but are often lumped with genuine low-risk funds such as ultra-ST or ST investment-grade bond funds or regular conservative-allocation funds.

www.morningstar.com/portfolios/when-low-risk-means-high-risk