The Arbitrage Fund Class Institutional (ARBNX)

12.95
Net Asset Value
+0.08%
1 Day
+0.70%
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+1.33% 3 years+0.91%
3 months-0.15% 5 years+1.93%
1 year+0.99% Since inception+3.10%
Data through --

Peer Comparisonvs. Market neutral

 ARBNXCategory
Performance 5-yr return+1.93%+1.26%
Expense ratio1.92%1.82%
Risk 5 year sharpe ratio0.670.19
Net assets$2.5B$670.5M
Average market cap$7.3B$31.5B
Average P/E25.317.5
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

Cash53.74%
U.S. stock34.27%
International stock12.12%
Fixed income0.00%
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
FWLT Foster Wheeler AG5.40%
CMCSA Comcast Corp Class A4.61%
-- Micros Systems Inc4.59%
SWY Safeway Inc4.56%
-- tw telecom inc4.47%
TWC Time Warner Cable Inc4.34%
PL Protective Life Corp4.22%
AMAT Applied Materials Inc4.01%
-- American Realty Capital Healthcare Trust Inc3.85%
-- InterMune Inc3.80%

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