The Arbitrage Fund Class Institutional (ARBNX)

13.13
Net Asset Value
+0.08%
1 Day
+0.69%
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-1.20% 3 years+1.26%
3 months-0.61% 5 years+2.19%
1 year+1.24% Since inception+3.25%
Data through --

Peer Comparisonvs. Market neutral

 ARBNXCategory
Performance 5-yr return+2.19%+1.09%
Expense ratio1.92%1.75%
Risk 5 year sharpe ratio1.180.21
Net assets$2.1B$517.0M
Average market cap$8.4B$35.1B
Average P/E26.620.1
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. stock55.56%
Cash31.38%
International stock12.00%
Fixed income1.07%
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
-- 8.32%
DTV DIRECTV8.03%
FDO Family Dollar Stores Inc6.96%
-- 6.59%
-- 5.90%
HSP Hospira Inc4.59%
AGN Allergan3.84%
AMAT Applied Materials Inc3.77%
-- 3.68%
T AT&T3.64%

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