Industry description
The investment seeks long-term capital appreciation.
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.
High and low price notable news
The average weekly price growth across all stocks in the Return Stacked Bonds & Mrg Arbtrg ETF ETF was 0%. For the same ETF, the average monthly price growth was -0%, and the average quarterly price growth was 0%. ENFN experienced the highest price growth at 0%, while ENFN experienced the biggest fall at 0%.