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3 / 5 Stars
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Lipper
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Zacks Investment Research
4
(Sell)
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Standard & Poor's
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TheStreet.com
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U.S. News evaluated 39 Market Neutral Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned -1.27 percent over the past year, 0.44 percent over the past three years, 1.76 percent over the past five years, and 3.07 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | -0.9% |
| 1 Year | -1.3% |
| 3 Years (Annualized) | 0.4% |
| 5 Years (Annualized) | 1.8% |
| 10 Years (Annualized) | 3.1% |
Summary
The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund plans to invest at least 80% of its net assets in equity securities of companies (both U.S. and foreign) that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Equity securities include common and preferred stock. Merger arbitrage is a highly specialized investment approach designed to profit from the successful completion of mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations.
