GAKAX : Kellner Merger Fund Investor Class

Fund Summary

The investment seeks to achieve positive risk-adjusted returns with less volatility than in the equity markets. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities and related derivatives of U.S. and foreign companies that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations (collectively, "Merger Transactions"). The types of equity securities in which the fund primarily invests include common stocks and preferred stocks of any size market capitalization. The fund is non-diversified.