Zacks Market Neutral Fund (ZMNAX) Recognized as 'Category King' by The Wall Street Journal

CHICAGO, Feb. 27, 2012 /PRNewswire/ -- The Wall Street Journal has named the Zacks Market Neutral Fund (ZMNAX) in its "Category King" ranking. The fund was ranked number 4 out of a universe of 84 funds in the market neutral category for the 1-year period ending December 31, 2011. 

The Zacks Market Neutral Fund's objective is to generate positive returns in both rising and falling equity markets.  The fund simultaneously invests in long and short positions seeking to minimize portfolio exposure to overall equity market risk.

"We are pleased to have received this distinction from the Wall Street Journal. We attribute the performance of ZMNAX to our disciplined process and the experience of our portfolio managers" said Robert J. Coulton, a Managing Director at Zacks Investment Management.

The Zacks Market Neutral Fund (ZMNAX) may be appropriate for investors:

• Seeking to generate returns that are independent of the direction of the stock market
• Seeking a portfolio with potential for low correlation to traditional equity and fixed income investments
• Seeking a fund with a potentially lower risk profile than most equity asset classes

Investors can learn more and invest directly in the fund by visiting www.ZacksFunds.com.

About Zacks Investment Management

Zacks Investment Management is a wholly owned subsidiary of Zacks Investment Research, one of the largest providers of independent equity research in the U.S.

Zacks manages several Mutual Funds that each implement an active management approach and follow methodical processes. Zacks core philosophy is based on the belief that each individual company's stock price is driven by earnings expectations. By tracking analysts' earnings estimate revisions, Zacks seeks to profit from future stock price movement, creating the potential for strong returns for their shareholders. Visit www.ZacksFunds.com for more information.

Disclosure:

Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of the Fund carefully before investing. The prospectus and/or summary prospectus contains this and other information relevant to an investment in the Fund. The prospectus and/or summary prospectus can be obtained by calling 1-888-453-4003 or by visiting www.zacksfunds.com. Please read the prospectus and/or summary prospectus carefully before you invest.

Recent Fund Performance has been negative.

An investment in the Zacks Market Neutral Fund is subject to risks, including risks associated with establishing short positions in securities, and you could lose money on your investment. Please see the Fund's prospectus for additional information regarding the risks of investing in this Fund.

In order to establish a short position in a security, the Fund must first borrow the security from a broker or other institution to complete the sale. The Fund may not always be able to borrow a security, or to close out a short position at a particular time or at an acceptable price. If the price of the borrowed security increases between the date of the short sale and the date on which the Fund replaces the security, the Fund may experience a loss.

The Zacks Market Neutral Fund is distributed by Grand Distribution Services, LLC.

Media Contact:

Robert J. Coulton
Managing Director
Zacks Investment Management
Direct Dial: 312-265-9263
Toll Free: 888-600-2783 x 9263

SOURCE Zacks Investment Management