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 Dow Up 0.80% Nasdaq Up 0.97%
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Merger (MERFX)

15.97 Up 0.02(0.13%) May 17

Prev Close:15.95
YTD Return*:-0.44%
Net Assets*:4.39B
Yield*:1.64%

* As of 28-Feb-13

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

Reports

  • No Reports available for MERFX at this time.

Top Holdings

Symbol% AssetsYTD Return %
CVH3.751.49
NXY.TO3.691.74
Telus Corporation Swap (Baml)2.919.95
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
Annual Report Expense Ratio (net):1.27%

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. View More
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