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Address And Details

570 Oakwood Avenue , Lake Forest, Il 60045
Fund Manager Steven Gerbel
Manager Tenure 6 Years 8 Months

Strategy And Objective

The primary investment objective of the SilverPepper Merger Arbitrage Fund (the “Merger Arbitrage Fund”) is to seek returns that are largely uncorrelated with the returns of the general stock market. The Merger Arbitrage Fund also seeks capital appreciation. Merger arbitrage is an investment strategy that specializes in buying the publicly-traded common or preferred stock of a company that is involved in a significant corporate event, such as a merger or acquisition. Investments in companies that are involved in these life-changing events have both risk and return characteristics that are markedly different from investing in the stock market in general. Under normal market conditions, the Merger Arbitrage Fund will primarily invest using merger arbitrage strategies.

Net Asset Value

as of 5:28 PM ET 12/07/2021

Performance

  • 1 Week
  • +0.09%
  • 1 Month
  • +0.09%
  • 3 Months
  • +0.75%
  • 1 Yr Return
  • +4.65%
  • 5 Yr Return
  • -1.37%

Equity Sector Breakdown

Finance 87.77%
Services 36.44%
Health 29.57%
ConsumerDurables 6.58%
RetailTrade 2.40%
Technology 1.62%
Energy 0.61%
IndustrialCyclical 0.13%
Utilities 0.04%
NonDurables n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 183.32%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 390.00 K

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -3.08 -2.19 n/a
Beta 0.15 0.13 n/a
R Squared 0.29 0.23 n/a
Std Deviation 5.34 4.25 n/a
Sharpe Ratio 0.00 0.03 n/a

Purchase Information

as of 5:28 PM ET 12/06/2021
Minimum Initial $5000
Minimum Additional $100
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +4.55%
  • +4.78%
+4.55% +4.78%
3 Year
  • +0.79%
  • +0.91%
+0.79% +0.91%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +2.52%
  • +2.52%
+2.52% +2.52%

Top 10 Holdings

Symbol Company Name % Of Assets
ESXB COMMUNITY BANKERS TRUST CORP 9.48%
PFPT ~PROOFPOINT INC 8.70%
CNBKA CENTURY BANCORP 8.12%
CITGQ CIT GROUP INC 7.24%
FCBP FIRST CHOICE BANCORP 7.17%
NAV NAVISTAR INTERNATIONAL CORP 6.58%
MGLN MAGELLAN HEALTH INC 6.57%
PMBC PACIFIC MERCANTILE BANCORP 6.00%
EBSB MERIDIAN BANCORP INC 5.86%
ATH ATHENE HOLDING LTD 5.45%

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