Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.99% 1.385B 0.00% 419.0%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-398.74M 3.54% Upgrade Upgrade

Basic Info

Investment Strategy
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.
General
Security Type Mutual Fund
Oldest Share Symbol ARBFX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Market Neutral
Category Index USTREAS T-Bill Auction Ave 3 Mon
Prospectus Objective Growth
Fund Owner Firm Name Arbitrage Fund
Prospectus Benchmark Index
ICE BofA US 3M Trsy Bill TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
John Orrico 19.88 yrs
Roger Foltynowicz 15.51 yrs
Todd Munn 15.51 yrs
Matthew Osowiecki 4.09 yrs

One Page Report

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 95
-398.74M
-619.89M Category Low
2.385B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of July 31, 2020

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
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% Rank in Cat (NAV)
--
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As of August 14, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2013
2014
2015
2016
2017
2018
2019
YTD
0.93%
1.35%
0.69%
3.29%
2.57%
2.08%
3.57%
2.01%
22.80%
4.16%
-2.36%
7.86%
23.97%
-9.41%
26.60%
1.91%
31.94%
10.12%
-1.73%
3.94%
6.87%
5.14%
7.16%
2.15%
5.49%
-1.80%
-8.29%
5.17%
3.60%
-0.27%
4.43%
5.27%
--
--
--
1.34%
2.11%
3.84%
3.93%
-1.06%
1.72%
2.84%
-4.05%
-2.39%
5.39%
1.94%
0.98%
9.68%
As of August 14, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-14-20) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 16.96
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of May 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of May 31, 2020

Asset Allocation

As of May 31, 2020.
Type % Net % Long % Short
Cash 33.10% Upgrade Upgrade
Stock 65.50% Upgrade Upgrade
Bond 1.27% Upgrade Upgrade
Convertible 0.12% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Tiffany & Co 6.28% 125.00 0.16%
LogMeIn Inc 6.06% 85.94 0.00%
Caesars Entertainment Corp
5.63% -- --
Water Island Diversified Event-Driven I 5.05% 10.27 0.10%
Schwmss Trs Usd R V 01mfedl Fedl01m-40.00bps
4.90% -- --
TD Ameritrade Holding Corp 4.69% 37.95 1.36%
Anixter International Inc
4.66% -- --
E*TRADE Financial Corp 4.25% 54.36 0.28%
Kemet Corp
4.23% -- --
Legg Mason Inc
4.09% -- --

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load Upgrade
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
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.
General
Security Type Mutual Fund
Oldest Share Symbol ARBFX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Market Neutral
Category Index USTREAS T-Bill Auction Ave 3 Mon
Prospectus Objective Growth
Fund Owner Firm Name Arbitrage Fund
Prospectus Benchmark Index
ICE BofA US 3M Trsy Bill TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
John Orrico 19.88 yrs
Roger Foltynowicz 15.51 yrs
Todd Munn 15.51 yrs
Matthew Osowiecki 4.09 yrs

One Page Report

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-14-20) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 16.96
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of May 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of May 31, 2020

Fund Details

Key Dates
Inception Date 5/31/2013
Last Annual Report Date 5/31/2019
Last Prospectus Date 10/4/2019
Share Classes
ARBCX C
ARBFX Retirement
ARBNX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No