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The Arbitrage Fund Class Institutional (ARBNX)

13.08
Net Asset Value
-0.08%
1 Day
+0.31%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.92%
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-0.23% 3 years+1.26%
3 months-1.58% 5 years+1.73%
1 year+0.85% Since inception+3.08%
Data through --

Peer Comparisonvs. Market neutral

 ARBNXCategory
Performance 5-yr return+1.73%+1.42%
Expense ratio1.92%1.71%
Risk 5 year sharpe ratio0.860.19
Net assets$2.1B$490.3M
Average market cap$6.9B$31.2B
Average P/E25.817.0
Portfolio turnover514%514%

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Fund Management and Purchase Info

Fund familyArbitrage Fund
Fund manager & tenureJohn Orrico / 14 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

U.S. stock45.39%
Cash41.17%
International stock12.87%
Fixed income0.57%
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
-- 9.17%
-- 8.70%
-- 8.65%
T AT&T6.63%
-- 6.40%
-- 5.06%
-- 4.92%
SIAL Sigma-Aldrich Corp4.39%
-- 3.92%
-- 3.86%

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