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    More On ACFIX


    Arbitrage Credit Opportunities I (ACFIX)

    9.67 0.00(0.00%) May 31

    Profile as of Apr 29, 2016Get Profile for:
    Arbitrage Credit Opportunities I
    Arbitrage FundsC/O Sei Global Funds Services 1 Freedom Valley DriOaks, PA 19456
    Map
    Phone: 800-295-4485
    Fund Overview 
    Category:Long-Short Credit
    Fund Family:Arbitrage Fund
    Net Assets:55.29M
    Year-to-Date Return:1.25%
    Yield:2.99%
    Morningstar Rating:5 stars
    Fund Inception Date:Oct 1, 2012
    Morningstar Style Box 
    Long-Short Credit
    [View Category Definition]
    View Top Long-Short Credit Funds
    About the Morningstar Style Box
    Management Information 
    James A. Powers
    Lead Manager since Oct 1, 2012
    James Powers, CFA, joined Water Island Capital in 2011 and evaluates event-driven and relative value investment opportunities in the credit markets. Prior to joining Water Island Capital, Mr. Powers held various senior positions analyzing investment grade and high yield corporate credit, including bank debt, corporate bonds, and convertible securities. Most recently, he was with Torchlight Investors and Neuberger Berman. Mr. Powers received a Master of Business Administration in Finance from New York University and a Bachelors degree in Economics from Union College. He became a Chartered Financial Analyst in 2002.
    Investment Information 
    Min Initial Investment:100,000
    Min Initial Investment, IRA:100,000
    Min Initial Investment, AIP:2,000
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:100
    ACFIX can be purchased from 30 brokerages.

    Fund Summary 
    The investment seeks to provide current income and capital growth. The fund invests primarily in a portfolio of debt securities including corporate bonds and debentures (including high yield bonds commonly known as "junk bonds"), bank loans, convertible and preferred securities, credit default swaps and other debt instruments and derivatives that the fund's investment adviser believes have debt-like characteristics. It invests in both domestic and foreign debt securities. The principal types of derivatives in which the fund may invest are credit default swaps, interest rate swaps, total return swaps, futures and options.

    Fund Operations 
    Last Dividend (Mar 16, 2016) : 0.05
    Last Cap Gain : 0.00
    Annual Holdings Turnover (May 26, 2016) : 191.00%
    Average for Category:91.21%
    Fees & Expenses 
    ExpenseACFIXCategory Avg
    Annual Report Expense Ratio (net):1.25%1.69%
    Prospectus Net Expense Ratio:1.26%N/A
    Prospectus Gross Expense Ratio:2.05%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.46%
    Max Deferred Sales Load: N/A1.00%
    3 Yr Expense Projection*:617819
    5 Yr Expense Projection*:1,0791,327
    10 Yr Expense Projection*:2,3552,702
    * Per $10,000 invested