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    Merger Investor (MERFX)

    15.77 Up 0.03(0.19%) Jul 1
    Prev Close:15.74
    YTD Return*:1.92%
    Net Assets*:5.29B
    Yield*:2.45%

    * As of 31-May-15

    Quotes delayed, except where indicated otherwise. Currency in USD.

    Top Holdings

    Symbol% AssetsYTD Return %
    TRW3.31N/A
    TWC3.31N/A
    DTV2.89N/A
    AIG2.74N/A
    FDO2.70N/A

    Fund Basics

    Morningstar Overall Rating:
    Total Assets:5.29B
    Category:Market Neutral
    Annual Report Expense Ratio (net):1.23%

    Performance & Risk

    YTD Return:1.92%
    5y Avg Return:3.16%
    Rank in Category (ytd):23
    % Rank in Category (ytd):12.5%
    Beta (3y):0.01
    Morningstar Risk Rating:2

    Fund Summary

    The investment seeks capital growth by engaging in merger arbitrage. Under normal market conditions, 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. Merger arbitrage is a highly specialized investment approach generally designed to profit from the successful completion of such transactions. View More
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