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Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include:
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Seeking to profit from inefficiencies and information resulting from specific corporate, investor or other events and situations
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Diversifying exposures across a number of corporate events, asset classes and instrument types
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Allocating among securities that may benefit from different corporate events such as mergers, restructuring, bankruptcy, spin-offs and buybacks
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Opportunistically managing different events (Hard and Soft Catalyst1 ) across the portfolio
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Moderating overall volatility by using long and synthetic short investment techniques
Portfolio Management Team
Investment Risks to Consider
These and other risks are described in the Fund’s prospectus.
- Allocation risk
- Commodity-related risk
- Corporate debt obligations risk
- Derivatives risk
- Emerging-markets risk
- Equity securities risk
- Fixed-income securities risk
- Focused portfolio risk
- Lower-rated and unrated instruments risk
- OTC derivatives counterparty risk
- Portfolio turnover risk
- Real estate investment trust (REIT) risk
- Sovereign debt obligations risk
- Structured investments risk