Penn Avenue Event-Driven Inv
260 Water Street #3c Brooklyn NY 11201-1290
Map
Phone: 888-642-6393
| Category: | Small Value | | Fund Family: | Pennsylvania Avenue Funds | | Net Assets: | 2.89M | | Year-to-Date Return: | 28.82% | | Yield: | 0.00% | | Morningstar Rating: |  | | Fund Inception Date: | 21-Nov-03 |
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Thomas F Kirchner
Lead Manager since
21-Nov-03 | | | Kirchner is the founder and manager of the Pennsylvania Avenue Advisers LLC. From 1996 to 1999 he worked as a bond trader and financial engineer for Banque Nationale de Paris S.A. From 1999 to 2004 he was retained by Fannie Mae, a mortgage firm, as a financial engineer. Kirchner holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | NaN | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $100 | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks to achieve capital growth. The fund normally invests at least 80% of assets in the securities of companies which are undergoing a corporate 'event' such as merger arbitrage, capital structure arbitrage, and distressed securities investments. It invests in the securities of companies of any size and uses derivatives both as a substitute for investing in the underlying securities, as well as for hedging purposes. The fund is nondiversified. |
| Last Dividend
(31-Dec-07):
| 0.16 | | Last Cap Gain
(31-Dec-07):
| 0.60 | | Annual Holdings Turnover
| 224.66% | | Average for Category:
| 86.18% |
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| Expense | PAEDX | Category
Avg | | Total Expense Ratio: | %
| 1.52% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 5.42% | | Max Deferred Sales Load: | %
| 2.53% | | 3 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $638 | | 5 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $1,010 | | 10 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $2,034 |
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0.28% Nasdaq 0.00%
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