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    Arbitrage I (ARBNX)

    13.13 Up 0.01(0.08%) Jul 2

    Profile as of May 30, 2015Get Profile for:
    Arbitrage I
    Arbitrage FundsC/O Sei Global Funds Services 1 Freedom Valley DriOaks, PA 19456
    Map
    Phone: 800-295-4485
    Fund Overview 
    Category:Market Neutral
    Fund Family:Arbitrage Fund
    Net Assets:2.07B
    Year-to-Date Return:1.84%
    Yield:0.00%
    Morningstar Rating:4 stars
    Fund Inception Date:Oct 17, 2003
    Morningstar Style Box 
    Market Neutral
    [View Category Definition]
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    About the Morningstar Style Box
    Management Information 
    John S. Orrico
    Lead Manager since Sep 18, 2000
    Orrico is president and portfolio manager with Water Island Capital. Prior to Water Island, he managed private hedge funds with Lindemann Capital Partners, L.P. during 1999. From 1994 to 1998, Orrico engaged in mergers and acquisition arbitrage while managing the Gruss Family Trust for Gruss & Co. Orrico holds the Chartered Financial Analyst designation.
    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
    ARBNX can be purchased from 66 brokerages.

    Fund Summary 
    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.

    Fund Operations 
    Last Dividend : 0.00
    Last Cap Gain (Dec 8, 2014) : 0.00
    Annual Holdings Turnover (Jun 30, 2015) : 462.00%
    Average for Category:247.81%
    Fees & Expenses 
    ExpenseARBNXCategory Avg
    Annual Report Expense Ratio (net):1.20%1.65%
    Prospectus Net Expense Ratio:1.19%N/A
    Prospectus Gross Expense Ratio:1.92%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A5.07%
    Max Deferred Sales Load: N/A1.57%
    3 Yr Expense Projection*:6031,105
    5 Yr Expense Projection*:1,0361,866
    10 Yr Expense Projection*:2,2403,624
    * Per $10,000 invested