Camelot Event Driven Fund

C000200196 Fund Overview

Camelot Event Driven Fund is a US mutual fund managed by Frank Funds, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Frank Funds
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $117.59M
• 1-year return: 5.2%
• SEC CIK: 0001281790
• SEC series ID: S000061828
• Share class ID: C000200196

C000200196 Investment Objective and Strategy

Camelot Event Driven Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Frank Funds.

Investment objective

The Funds investment objective is to provide long-term growth of capital.

Principal investment strategy

To achieve the Funds investment objective, the Adviser invests in the securities of publicly traded companies involved in mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations, or similar events (corporate reorganizations). A variety of strategies can be employed to capitalize on the mispricing of corporate securities during corporate reorganizations, including transactions involving common and preferred stock, debt instruments and derivative securities. In addition, the Fund may invest in a variety of debt instruments, including U.S. Government securities and structured notes: Merger Arbitrage. The Fund invests in the securities of companies subject to publicly announced corporate reorganizations. Capital Structure Arbitrage. A variety of strategies can be employed to capitalize on the mispricing of corporate securities during reorganizations, including transactions involving common and preferred stock, debt instruments and derivative securities.

Many companies issue different types of securities in addition to equity securities, and sometimes issue different types of equity securities. Capital structure arbitrage involves investing in two different types of securities issued by the same company if they are believed to be mispriced relative to each other. The securities typically differ in their voting rights, dividend or interest rates and rights, liquidation preference, liquidity in the financial markets, seniority or other factors. Typically, one of these securities is purchased, while the other is sold short. The profit or loss realized by the Fund will depend on the relative price performance of the two securities as well as their relative dividends rates. Distressed Securities Investments. The Fund invests in distressed securities, which are securities of companies that are in or believed to be near bankruptcy or whose securities are otherwise undergoing extreme financial situations that put the continuation of the issuer as a going concern at risk.

Distressed securities include below investment-grade securities. Special Situation Securities. The Fund may also invest in special situation securities when the Funds Adviser believes such investments will benefit the Fund. A special situation arises when, in the Advisers opinion, the securities of a company will experience an unusual gain or loss solely by reason of a development particularly or uniquely applicable to that company. Such situations include, but are not limited to: material litigation, technological breakthroughs and new management or management policies. Special situation investments may include illiquid or restricted securities, such as private equity investments, and initial public offerings. Proxy Fight Investments. The Fund invests in securities of issuers that in the opinion of the Adviser may become subject to a change of control fight.

There are typically proxy fights by minority investors seeking to have their representatives elected to the board of trustees, often with the intention of replacing existing management or selling the company. Profits are expected from the eventual success of the new board of trustees in increasing the companys value. The Fund may invest with the intention of participating actively in the change of control, or staying passive. Although some of the companies the Fund targets as a proxy fight investment may be considered potential candidates for a merger takeover, proxy fights differ from merger arbitrage in that no concrete acquisition may have been proposed yet, and may not be proposed in the future. Short Sales. The Fund may invest up to 50% of its net assets in short sales at any given time.

Debt Instruments. The Fund may invest in all types of fixed-income securities including convertible debt, options and futures, as well as privately negotiated options. The Fund may invest without restriction as to credit rating, maturity or duration. The Fund may purchase below investment grade securities, commonly referred to as junk. Tactical Allocation. Because the Fund is a tactical allocation fund, the assets of the Fund will shift on a short-term basis to take advantage of perceived differences in relative values of the various asset classes in which the Fund invests. The Fund will tactically allocate capital among a diverse range of trading strategies and markets, wherever the Adviser perceives opportunity. Foreign Securities Investments. The Fund may invest in securities of foreign issuers, securities traded principally in securities markets outside the United States, U.S.

traded securities of foreign issuers and/or securities denominated in foreign currencies (together, foreign securities). The Fund may seek exposure to foreign securities by investing in Depositary Receipts. Derivative Instruments (Including Futures, Options and Swaps). The event arbitrage strategy employed by the Fund may include the use of derivatives. Derivatives may be used for hedging purposes, as a substitute for investments in the underlying securities, to increase or decrease exposure (leverage), or for the purpose of generating income. The Fund may buy call or put options to implement its principal investment strategies. The Fund may write (sell) call options on securities that it owns. This allows the Fund to generate income on securities that the Adviser believes have a low likelihood of appreciating significantly until the option expiration.

Similarly, options may be written (sold) if the Adviser is willing to purchase the underlying securities at a lower price. Hedging through derivatives may be done on underlying securities such as individual securities, market indices, as well as foreign currency or commodity exposure. Options and futures contracts may be used to decrease (hedge) or increase market exposure, exposure to specific securities or exposure to other factors that may influence an event. Structured Notes. The Fund may invest in structured notes. A structured note is a type of derivative security for which the amount of principal repayments and/or interest payments is based upon the movement of one or more factors. The impact of the movements of these factors may increase or decrease through the use of multipliers or deflators.

Structured notes may be designed to have particular quality and maturity characteristics and may vary from money market quality to below investment grade. Some of these strategies involve the use of arbitrage, which involves taking advantage of small price differences between two otherwise equivalent assets. As compared with conventional investing, the Adviser considers the Funds investment strategies to be less dependent on the overall direction of stock prices.

C000200196 Holdings

Top 10 holdings of Camelot Event Driven Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000200196 holdings

C000200196 Portfolio Allocation

Asset-class allocation of Camelot Event Driven Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000200196 Performance

Total returns for C000200196 (as of 2026-10-01), from SEC filings.

C000200196 Risk Information

Risk metrics for C000200196, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 4.9%

C000200196 Costs and Fees

C000200196 costs about $174 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.74%
• Gross expense ratio: 1.84%
• Portfolio turnover: 77%
• Brokerage commissions: 21.63 bps of average net assets (SEC N-CEN)

C000200196 Cashflows

Over the 12 months to 2026-06, Camelot Event Driven Fund had net inflows of $18.58M, from monthly SEC N-PORT filings.

C000200196 Debt Constituents

Largest debt holdings of Camelot Event Driven Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000200196 Prospectus and SEC Filings

Official Camelot Event Driven Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-10-28
• Prospectus (485BPOS) — filed 2024-10-28
• Prospectus supplement (497) — filed 2026-08-19
• Portfolio holdings (N-PORT) — filed 2026-08-31
• Portfolio holdings (N-PORT) — filed 2026-06-01
• Portfolio holdings (N-PORT) — filed 2026-02-27
• Annual census (N-CEN) — filed 2026-09-03
• Annual census (N-CEN) — filed 2025-09-16

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.