15.97
0.02(0.13%) May 17
| Prev Close: | 15.95 |
|---|
| YTD Return*: | -0.44% |
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| Net Assets*: | 4.39B |
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| Yield*: | 1.64% |
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* As of 28-Feb-13
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Quotes delayed, except where indicated otherwise. Currency in USD.
Headlines
- John Paulson to Start Fund to Reduce Clients’ Tax Billsat Bloomberg(Fri, Apr 12)
- MetroPCS’s Largest Shareholder Paulson Backs Sweetened Bidat Bloomberg(Thu, Apr 11)
- PCS: Deutsche Sweetens Bid; 'Positive Development,' Says Merger Fundat Barrons.com(Wed, Apr 10)
- PCS: Merger Fund Just Waiting on Deutsche's Call Ahead of Voteat Barrons.com(Wed, Apr 10)
- Deutsche Telekom Tallies MetroPCS Votes to Weigh Bidat Bloomberg(Wed, Apr 10)
- Deutsche Telekom Risks U.S. Exit Without Boost: Real M&Aat Bloomberg(Thu, Apr 4)
- MetroPCS Sued by Investors to Delay Vote on T-Mobile Dealat Bloomberg(Thu, Mar 28)
- MetroPCS Rises as T-Mobile Deal Rejected by Advisory Firmat Bloomberg(Thu, Mar 28)
- Mutual Funds Profit From Merger Spreeat TheStreet(Thu, Mar 7)
- Progress’ Petronas Sale Fails to Die as Deal Odds Riseat Bloomberg(Tue, Oct 30)
- Citic Seeking Up to 10 Billion Yuan for Merger Fund, Cheng Saysat Bloomberg(Sun, Oct 14)
- Brencourt Advisors to Return Capital to Outside Investorsat Bloomberg(Thu, Sep 27)
- Hedge Funds Trailed Stocks Last Month With 0.2% Advanceat Bloomberg(Tue, Aug 7)
Reports
- No Reports available for MERFX at this time.
Top Holdings
| Symbol | % Assets | YTD Return % |
|---|
| CVH | 3.75 | 1.49 |
| NXY.TO | 3.69 | 1.74 |
| Telus Corporation Swap (Baml) | 2.91 | 9.95 |
| Telus Corporation Swap (Non Vote)(Baml) | 2.89 | -3.92 |
| Xstrata Plc Swap (Jpm) | 2.68 | -1.31 |
Fund Basics
| Morningstar Overall Rating: | |
| Total Assets: | 4.39B |
| Category: | Market Neutral |
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| Annual Report Expense Ratio (net): | 1.27% |
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Performance & Risk
| YTD Return: | -0.44% |
| 5y Avg Return: | 3.24% |
| Rank in Category (ytd): | 65 |
| % Rank in Category (ytd): | 50.78% |
| Beta (3y): | 0.11 |
| Morningstar Risk Rating: | 2 |
Fund Summary
The investment seeks capital growth by engaging in merger arbitrage.
The fund invests at least 80% of its total assets principally in the common stock, preferred stock and, occasionally, warrants of companies which are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. It is permitted to hold both long and short positions in foreign securities. The fund engages in active trading and may invest a portion of its assets to seek short-term capital appreciation. It is non-diversified.
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