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| Morningstar Ratings |
|
Morningstar Return |
Morningstar Risk |
Morningstar Rating |
Number of Funds |
|
| 3-Year | Average | Below Avg |  |
45 |
| 5-Year | Average | Below Avg | |
41 |
| 10-Year | Average | Below Avg |  |
32 |
| Overall | Average | Below Avg | |
45 |
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| Morningstar Category: Event Driven | Number of Funds in Category: 45 | ||||
| Data through 2024-10-31 | ||||
| Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. |
| Volatility Measurements |
| Standard Deviation | 2.60 |
| Mean | 2.66 |
| Sharpe Ratio | -0.50 |
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| Trailing 3-Yr as of 2024-10-31 |
| Modern Portfolio Theory Statistics |
| Best Fit Index Morningstar LSTA US LL TR USD |
|
| R-Squared | 23 |
| Beta | 0.33 |
| Alpha | -2.14 |
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| Trailing 3-Yr as of 2024-10-31 |
| Principal Risks | |
| Event-Driven Investment/Arbitrage Strategies, Hedging Strategies, Short Sale, Credit and Counterparty, Prepayment (Call), Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, High Portfolio Turnover, Interest Rate, Market/Market Volatility, Convertible Securities, Distressed Investments, Equity Securities, ETF, High-Yield Securities, Industry and Sector Investing, Options, Other, Restricted/Illiquid Securities, Underlying Fund/Fund of Funds, Derivatives, Leverage, Regulation/Government Intervention, Shareholder Activity, Management, Small Cap, Mid-Cap, Large Cap, Technology Sector |
| Show Risk Definitions |
| Investment Risks |
| There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund. |
| Show Data Definitions |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold. |