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    Arbitrage Event-Driven R (AEDFX)

    9.00 Up 0.03(0.33%) Oct 2

    Profile as of Aug 30, 2015Get Profile for:
    Arbitrage Event-Driven R
    Arbitrage FundsC/O Sei Global Funds Services 1 Freedom Valley DriOaks, PA 19456
    Phone: 800-295-4485
    Fund Overview 
    Category:Market Neutral
    Fund Family:Arbitrage Fund
    Net Assets:452.87M
    Year-to-Date Return:-4.33%
    Morningstar Rating:3 stars
    Fund Inception Date:Oct 1, 2010
    Morningstar Style Box 
    Market Neutral
    [View Category Definition]
    View Top Market Neutral Funds
    About the Morningstar Style Box
    Management Information 
    Todd W. Munn
    Lead Manager since Oct 1, 2010
    Munn is a portfolio manager of Water Island Capital, LLC. Prior to becoming a portfolio manager of the Fund, Mr. Munn was a senior equity analyst for the Fund. Mr. Munn received a Master of Business Administration degree from Fordham Graduate School of Business in 2003 and a Bachelors degree from Gettysburg College in 1993 — with a double major in Finance and Accounting.
    Investment Information 
    Min Initial Investment:2,000
    Min Initial Investment, IRA:2,000
    Min Initial Investment, AIP:2,000
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:100
    AEDFX can be purchased from 48 brokerages.

    Fund Summary 
    The investment seeks to achieve capital growth. The fund invests in equity and debt and debt-like instruments (including high yield bonds commonly known as "junk bonds") of companies whose prices the fund's investment adviser believes are or will be impacted by a corporate event. Specifically, the fund employs investment strategies designed to capture price movements generated by corporate events such as mergers, acquisitions, asset sales, restructurings, refinancings, recapitalizations, reorganizations or other special situations (referred to as "event-driven opportunities").

    Fund Operations 
    Last Dividend (Dec 8, 2014) : 0.08
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Sep 30, 2015) : 451.00%
    Average for Category:274.08%
    Fees & Expenses 
    ExpenseAEDFXCategory Avg
    Annual Report Expense Ratio (net):1.69%1.62%
    Prospectus Net Expense Ratio:1.69%N/A
    Prospectus Gross Expense Ratio:2.36%N/A
    Max 12b1 Fee:0.25%N/A
    Max Front End Sales Load:N/A5.01%
    Max Deferred Sales Load: N/A1.31%
    3 Yr Expense Projection*:7261,074
    5 Yr Expense Projection*:1,2501,798
    10 Yr Expense Projection*:2,6843,491
    * Per $10,000 invested