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Penn Avenue Event-Driven Inv (PAEDX)

On Feb 10: 11.97 USD  Down 0.01 (0.08%)  
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 PENNSYLVANIA AVENUE EVENT DRIVE Delayed quote dataEdit
Net Asset Value:11.97
Trade Time:Feb 10
Change:Down 0.01 (0.08%)
Prev Close:11.97
YTD Return*:28.82%
Net Assets*:2.89M
Yield*:N/A
* As of 30-Nov-09
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 HEADLINES 
No headlines available for PAEDX.

 FUND BASICS30-Nov-09
Morningstar Overall Rating:5 stars
Total Assets:2.89M
Category:Small Value
Total Expense Ratio:%
Fund Profile - Holdings


 PERFORMANCE & RISK30-Nov-09
YTD Return:28.82%
5y Avg Return:4.14%
Rank in Category (ytd):140
% Rank in Category (ytd):38.78%
Beta (3y):0.47
Morningstar Risk Rating:Low
Performance Details - Risk Details

 FUND SUMMARY 
The investment seeks to achieve capital growth. The fund normally invests at least 80% of assets in the securities of companies which are undergoing a corporate 'event' such as merger arbitrage, capital structure arbitrage, and distressed securities investments. It invests in the securities of companies of any size and uses derivatives both as a substitute for investing in the underlying securities, as well as for hedging purposes. The fund is nondiversified.
Fund Profile - PAEDX Prospectus


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