The Arbitrage Fund Class Institutional (ARBNX)

12.75
Net Asset Value
-0.31%
1 Day
-0.86%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.92%
Expense Ratio
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-1.70% 3 years+0.46%
3 months-2.22% 5 years+1.69%
1 year-0.34% Since inception+3.18%
Data through --

Peer Comparisonvs. Market neutral

 ARBNXCategory
Performance 5-yr return+1.69%+1.26%
Expense ratio1.92%1.81%
Risk 5 year sharpe ratio0.720.19
Net assets$2.5B$726.6M
Average market cap$4.1B$33.9B
Average P/E27.716.2
Portfolio turnover462%462%

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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. stock54.21%
Cash34.87%
International stock10.73%
Fixed income0.18%
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
-- Beam Inc9.81%
-- BRE Properties Inc7.01%
-- Forest Laboratories Inc6.21%
ESS Essex Property Trust Inc5.64%
-- Jos A Bank Clothiers Inc5.39%
-- Shoppers Drug Mart Corp5.30%
FWLT Foster Wheeler AG5.26%
-- LSI Corp5.03%
-- CapitalSource Inc4.62%
TWC Time Warner Cable Inc4.43%

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