* As of 30-Jun-15
Quotes delayed, except where indicated otherwise. Currency in USD.
|Symbol||% Assets||YTD Return %|
|Morningstar Overall Rating:|
|Annual Report Expense Ratio (net):||1.23%|
Performance & Risk
|5y Avg Return:||2.83%|
|Rank in Category (ytd):||34|
|% Rank in Category (ytd):||19.54%|
|Morningstar Risk Rating:||2|
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