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ARBCX Arbitrage C

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Fund ARBCX Arbitrage C TMGYX Touchstone Merger Arbitrage Y ARBFX Arbitrage R  
Similarity
?
100% 87% 100%
Annual Fees
?
$230.00
(2.25% Exp. Ratio)
$140.05
(1.37% Exp. Ratio)
$153.34
(1.50% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$9,774.95 $12,790.36 $12,294.15
Est. savings over 30 yrs +$3,015.40 +$2,519.20
Return
As of 10/31/16
1 YR RETURN 1.87%
3 YR 0.69%
5 YR 0.35%
10 YR 1.98%
1 YR RETURN 3.16%
3 YR 1.37%
5 YR 2.84%
10 YR --
1 YR RETURN 2.62%
3 YR 1.44%
5 YR 1.09%
10 YR 2.74%
Description
The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund will invest at least 80% of its net assets in equity securities of companies (both U.S. and foreign) that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Equity securities include common and preferred stock. Merger arbitrage is a highly specialized investment approach designed to profit from the successful completion of mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations.
The investment seeks to achieve positive absolute returns regardless of market conditions over the long-term. The fund primarily invests, under normal market conditions, in equity securities of U.S. and foreign issuers. It primarily buys securities of companies being acquired (the "target company") in publicly announced transactions where the terms of the transaction have been largely defined and disclosed. The weighted average maturity of the fund's fixed income investments will normally range from 3 to 7 years. The fund is non-diversified.
The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund will invest at least 80% of its net assets in equity securities of companies (both U.S. and foreign) that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Equity securities include common and preferred stock. Merger arbitrage is a highly specialized investment approach designed to profit from the successful completion of mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

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