13D Activist Fund

Frequently Asked Questions About DDDAX

What does DDDAX invest in?

This fund primarily allocates its capital to common shares of U.S. companies, regardless of their market size, that are currently subject to shareholder activism. The fund's management defines an "activist" as an investor who owns more than a five percent stake in a company's shares and either has a documented history of engaging in activist investing, or has publicly outlined a clear plan for corporate transformation. These proposed changes might include campaigning for positions on the Board of Directors, enhancing operational efficiency or corporate governance, supporting a merger, divesting a specific business unit, or liquidating a substantial portion of company assets. It is important to note that this is a non-diversified investment vehicle.

What is the expense ratio of DDDAX?

13D Activist Fund (DDDAX) charges an expense ratio of 1.76%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DDDAX?

13D Activist Fund (DDDAX) manages $114.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is DDDAX actively managed or an index fund?

DDDAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was DDDAX launched?

13D Activist Fund (DDDAX) launched in January 2012 and is managed by the fund issuer.

How has DDDAX performed?

DDDAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.