The Arbitrage Fund Class Institutional (ARBNX)

Net Asset Value
1 Day
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund plans to 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.


1 month-0.16% 3 years+1.57%
3 months-0.23% 5 years+2.89%
1 year+1.63% Since inception+3.22%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+2.89%+2.00%
Expense ratio1.74%1.79%
Risk 5 year sharpe ratio0.970.44
Net assets$2.6B$704.3M
Average market cap$3.8B$18.4B
Average P/E25.916.2
Portfolio turnover459%459%

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Fund Management and Purchase Info

Fund familyArbitrage Fund
Fund manager & tenureJohn Orrico / 13 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00


U.S. stock30.45%
International stock20.43%
Fixed income0.07%
Top 5 Sectors
Portfolio weighting
Hardware 13.46%
Healthcare 13.01%
Telecommunication 12.79%
Media 11.36%
Energy 8.82%
Top 10 Holdings
Portfolio weighting
-- Life Technologies Corp6.71%
PRGO Perrigo Company PLC6.61%
PRGO Perrigo Company PLC6.60%
-- Lender Processing Services, Inc.5.79%
-- Harris Teeter Supermarkets Inc5.70%
-- Santarus, Inc.5.43%
-- Shoppers Drug Mart Corporation5.37%
-- Invensys PLC4.85%
-- CapitalSource Inc4.56%
-- Paladin Labs, Inc.4.49%

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