Equity Overview
Price & Market Data
Price: $20.89
Daily Change: +$0.0754 / 0.36%
Daily Range: $20.80 - $20.89
Market Cap: $0
Daily Volume: 22,111
Performance Metrics
1 Week: 0.97%
1 Month: 0.92%
3 Months: -0.26%
6 Months: -3.16%
1 Year: 3.47%
YTD: 0.10%
Details
The fund is an exchange-traded fund (“ETF”) that employs a hybrid management approach to achieve its investment objective by investing in two complementary strategies: an actively managed Bond strategy and a passively managed Merger Arbitrage strategy. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in (a) the Bond strategy and (b) the Merger Arbitrage strategy. The fund is non-diversified.