The Arbitrage Fund Class Institutional (ARBNX)

13.00
Net Asset Value
+0.54%
1 Day
-0.61%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
1.65%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund will 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-0.99% 3 years+1.52%
3 months-0.69% 5 years+2.01%
1 year+0.71% Since inception+2.90%
Data through --

Peer Comparisonvs. Market neutral

 ARBNXCategory
Performance 5-yr return+2.01%+0.87%
Expense ratio1.65%1.64%
Risk 5 year sharpe ratio0.830.19
Net assets$1.8B$441.3M
Average market cap$7.9B$23.4B
Average P/E18.518.4
Portfolio turnover----

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Fund Management and Purchase Info

Fund familyArbitrage Fund
Fund manager & tenureJohn Orrico / 17 Years
Minimal initial investment$100,000.00
Minimum IRA investment$100,000.00

Holdings

U.S. stock59.89%
International stock24.12%
Cash15.82%
Fixed income0.34%
Other0.01%
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
NXPI NXP Semiconductors NV8.20%
COL Rockwell Collins Inc5.81%
-- 5.31%
MON Monsanto4.27%
VZ Verizon3.80%
VZ Verizon3.80%
OA Orbital ATK Inc3.53%
-- 3.46%
TRCO Tribune Media Co3.44%
-- 2.98%