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Penn Avenue Event-Driven Inv (PAEDX)

On Feb 9: 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 9
Change: Down 0.01 (0.08%)
Prev Close: 11.97
YTD Return*: 1.69%
Net Assets*: 3.13M
Yield*: N/A
* As of 31-Jan-10
Penn Avenue Event-Driven Inv (PAEDX)
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31-Jan-10
FUND BASICS
Morningstar Overall Rating: 5 stars
Total Assets: 3.13M
Category: Small Value
Total Expense Ratio: 1.56%
Fund Profile - Holdings


31-Jan-10
PERFORMANCE & RISK
YTD Return: 1.69%
5y Avg Return: 3.71%
Rank in Category (ytd): 3
% Rank in Category (ytd): 0.78%
Beta (3y): 0.45
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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