Arbitrage A (ARGAX)

12.97 +0.00  +0.00% Jan 24 USD
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Key Stats

Net Asset Value 12.97
Turnover Ratio 419.0%
1 Year Fund Level Flows -137.36M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 0.54% 0.08% 38
3M 1.27% 0.14% 42
6M 2.13% 0.56% 41
YTD 0.46% 0.07% 39
1Y 3.81% 0.10% 44
3Y 2.79% 1.04% 48
5Y 2.50% 0.44% 25
10Y 2.11% 0.81% --
15Y 2.98% 1.57% --
20Y -- 3.13% --
As of Jan. 24, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 36.04% 36.04% 0.01%
Stock 63.02% 84.17% 21.15%
Bond 0.91% 0.91% 0.00%
Convertible 0.03% 0.03% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 4.12% 4.11%
As of Nov. 30, 2019

Region Exposure

Americas 88.74%
North America 88.74%
Latin America 0.00%
Greater Europe 10.87%
United Kingdom 4.54%
Europe Developed 4.48%
Europe Emerging 0.00%
Africa/Middle East 1.84%
Greater Asia 0.40%
Japan 0.00%
Australasia 0.33%
Asia Developed 0.00%
Asia Emerging 0.07%
Market Classification
% Developed Markets 98.09%
% Emerging Markets 1.91%
As of Nov. 30, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.59%
Communication Services 6.30%
Consumer Cyclical 16.20%
Consumer Defensive 1.94%
Energy 2.08%
Financial Services 10.75%
Healthcare 23.50%
Industrials 16.82%
Real Estate 2.57%
Technology 17.95%
Utilities 1.30%
As of Nov. 30, 2019

Stock Market Capitalization

Giant 2.91%
Large 14.67%
Medium 51.94%
Small 28.54%
Micro 1.93%
As of Nov. 30, 2019

Stock Style Exposure

Large Cap Value 4.21%
Large Cap Blend 13.52%
Large Cap Growth 0.00%
Mid Cap Value 3.15%
Mid Cap Blend 20.66%
Mid Cap Growth 27.77%
Small Cap Value 8.05%
Small Cap Blend 16.91%
Small Cap Growth 5.74%
As of Nov. 30, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
WCG WellCare Health Plans Inc 10.12% 349.92 +1.35%
STI SunTrust Banks Inc 7.93% -- --
TFC Truist Financial Corp -7.92% 55.48 -1.56%
CNC Centene Corp -6.43% 66.61 -2.07%
ADSW Advanced Disposal Services Inc 5.20% 32.99 +0.09%
ZAYO Zayo Group Holdings Inc 4.36% 34.78 -0.06%
GWR Genesee & Wyoming Inc Class A 3.74% -- --
MLNX Mellanox Technologies Ltd 3.27% 119.45 +0.02%
AGN Allergan PLC 3.08% 188.19 -1.26%
WBC WABCO Holdings Inc 3.06% 135.87 +0.06%
As of Nov. 30, 2019
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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
Prospectus Objective Growth
Fund Owner Firm Name Arbitrage Fund
Benchmark Index
ICE BofA US 3M Trsy Bill TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
John Orrico 19.30 yrs
Matthew Osowiecki 3.50 yrs
Roger Foltynowicz 14.92 yrs
Todd Munn 14.92 yrs

Share Classes

Symbol Share Class
ARBCX C
ARBFX Retirement
ARBNX Inst

Net Fund Flows

1M -5.698M
3M -67.38M
6M -108.57M
YTD -137.36M
1Y -137.36M
3Y -220.73M
5Y -917.15M
10Y 646.99M
As of Dec. 31, 2019

Risk Info

Beta (5Y) 0.036
Historical Sharpe Ratio (10Y) 0.7799
Historical Sortino (All) 1.161
Daily Value at Risk (VaR) 1% (All) 0.39%
Monthly Value at Risk (VaR) 1% (All) 1.73%

Fundamentals

Dividend Yield TTM (1-24-20) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Weighted Average PE Ratio 22.31
Weighted Average Price to Sales Ratio 1.329
Weighted Average Price to Book Ratio 2.316
Weighted Median ROE 7.48%
Weighted Median ROA 1.22%
Forecasted Dividend Yield 1.38%
Forecasted PE Ratio 18.31
Forecasted Price to Sales Ratio 1.304
Forecasted Price to Book Ratio 1.949
Number of Holdings 110
As of Nov. 30, 2019

Growth Estimates

Forecasted 5 Yr Earnings Growth 11.09%
Forecasted Book Value Growth 7.71%
Forecasted Cash Flow Growth -6.34%
Forecasted Earnings Growth 3.08%
Forecasted Revenue Growth 4.95%
As of Nov. 30, 2019

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 2000.00 USD
Minimum Subsequent Investment 0.00 USD
Fees
Actual 12B-1 Fee 0.25%
Actual Management Fee 1.05%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load 2.50%
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 5/31/2013
Termination Date
Last Annual Report Date 5/31/2019
Last Prospectus Date 10/4/2019
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual 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
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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