The Arbitrage Fund Class Institutional (ARBNX)

12.82
Net Asset Value
0.00%
1 Day
-0.31%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.74%
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.

Performance

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

 ARBNXCategory
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%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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

Holdings

Cash49.04%
U.S. stock30.45%
International stock20.43%
Fixed income0.07%
Other0.00%
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%

To view my watchlist

Not a member yet?

Sign up now for a free account

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.