Arbitrage I
(ARBNX)
+0.02
+0.16%
| Symbol | Value ($) |
|---|---|
| Morningstar Rating | |
| Previous Close | 12.72 |
| Category | Market Neutral |
| Net Assets | 1.97 Bil |
| Yield | 0.98% |
| Morningstar Risk | Average |
| Morningstar Return | Above Average |
- Last NAV update 5/21/2013 4:00 PM ET
| NA |
|---|
| The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund plans to invest at least 80% of its net assets in equity securities of companies (both U.S. and foreign) that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Equity securities include common and preferred stock. Merger arbitrage is a highly specialized investment approach designed to profit from the successful completion of mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. |
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Return | 10.17% | 1.76% | 4.74% | 0.44% | -0.23% |
| Value ($) | 11,017.00 | 11,210.90 | 11,742.30 | 11,793.97 | 11,766.84 |
- Year to date performance as of 5/20/2013 8:00 PM ET
| Symbol | Value ($) |
|---|---|
| Fund Family | Arbitrage Fund |
| Fund Manager | John Orrico |
| Tenure (Years) | 13 |
| Fund Status | Open |
| Minimum Initial Purchase | 100,000.00 |
| Minimum IRA Investment | 100,000.00 |
| Front Load | 0.00 |
| Expense Ratio | 1.18% |
| Symbol | Value ($) |
|---|---|
| 1 Month | 0.55% |
| 3 Months | 0.24% |
| 1 Year | 0.51% |
| 3 Years* | 3.06% |
| 5 Years* | 2.54% |
- * Annualized returns
- Performance as of 5/20/2013 8:00 PM ET
| ARBNX | Market Neutral | |
|---|---|---|
| 5-Yr Return | 2.54% | 0.34% |
| Sharpe Ratio | 0.42 | 0.16 |
| Net Assets | 1.97 Bil | 226.15 Mil |
| Avg Market Cap | 3.94 Bil | 19.15 Bil |
| Avg P/E | 18.15 | 14.45 |
| Portfolio Turnover | 563 | 339 |
| Symbol | Value ($) |
|---|---|
| Stocks | 70.54% |
| Cash | 28.96% |
| Fixed Income | 0.00% |
| Other | 0.50% |
| NAME | % NET ASSETS |
|---|---|
| Nexen, Inc. | 8.93% |
| Shaw Group Inc | 6.70% |
| Celtic Exploration Ltd. | 6.19% |
| Astral Media Inc. | 5.90% |
| Coventry Health Care, Inc. | 5.15% |
| Robbins & Myers, Inc. | 4.70% |
| Ralcorp Holdings, Inc. | 3.52% |
| Warnaco Group Inc | 3.41% |
| SOFTBANK Corp | 3.29% |
| SOFTBANK Corp | 3.29% |
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