4 / 5 Stars
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Zacks Investment Research
Standard & Poor's
U.S. News evaluated 52 Market Neutral Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 1.90 percent over the past year, 1.43 percent over the past three years, 2.08 percent over the past five years, and 3.09 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.8%|
|3 Years (Annualized)||1.4%|
|5 Years (Annualized)||2.1%|
|10 Years (Annualized)||3.1%|
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.
Fees are Low compared to funds in the same category.
The Arbitrage Fund has an expense ratio of 1.45 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.