The Arbitrage Fund Class Institutional (ARBNX)

13.19
Net Asset Value
0.00%
1 Day
+1.15%
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+0.53% 3 years+1.28%
3 months+1.23% 5 years+1.86%
1 year+3.37% Since inception+3.21%
Data through --

Peer Comparisonvs. Market neutral

 ARBNXCategory
Performance 5-yr return+1.86%+1.25%
Expense ratio1.92%1.71%
Risk 5 year sharpe ratio0.650.14
Net assets$2.1B$573.0M
Average market cap$6.6B$36.6B
Average P/E28.119.9
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. stock68.24%
Cash19.41%
International stock9.84%
Fixed income2.51%
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
-- 6.56%
DTV DIRECTV6.45%
-- 5.91%
-- 5.55%
-- 5.35%
-- 5.31%
VTR Ventas Inc5.13%
FDO Family Dollar Stores Inc4.87%
-- 4.69%
-- 4.68%

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