Description: The investment seeks to provide total return. In pursuing the fund's investment objective, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Corporations (SPACs) that have a minimum capitalization of $100 million and companies that completed an initial public offering (IPO) within the last two years. It may also invest in depositary receipts for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.
Exchange: NASDAQ
Country: US : United States of America
Currency: US Dollar ($)
Category: Event Driven
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock US | 80.07 | 0.00 | 80.07 |
| Stock non-US | 19.80 | 0.00 | 19.80 |
| Bond | 0.11 | 0.00 | 0.11 |
| Other | 0.02 | 0.00 | 0.02 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Financial Services | 90.17 | 32.65 |
| Real Estate | 9.05 | 3.27 |
| Healthcare | 0.78 | 14.17 |
| Consumer Cyclicals | 0.00 | 2.81 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| North America | 80.17 | 89.80 |
| Europe Developed | 9.03 | 5.37 |
| United Kingdom | 4.45 | 2.66 |
| Asia Developed | 3.40 | 0.53 |
| Africa/Middle East | 2.95 | 0.82 |
| Australasia | 0.00 | 0.02 |
| Asia Emerging | 0.00 | 0.78 |
| Latin America | 0.00 | 0.02 |