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Arbitrage I (ARBNX)

12.97 Down 0.01(0.08%) Sep 29
Prev Close:12.97
YTD Return*:1.09%
Net Assets*:2.56B
Yield*:N/A

* As of 31-Aug-14

Quotes delayed, except where indicated otherwise. Currency in USD.

Headlines

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Top Holdings

Symbol% AssetsYTD Return %
BEAM9.8122.97
BRE7.0121.63
FRX6.2164.92
ESS5.6436.28
JOSB5.3918.64

Fund Basics

Morningstar Overall Rating:
Total Assets:2.56B
Category:Market Neutral
Annual Report Expense Ratio (net):1.20%

Performance & Risk

YTD Return:1.09%
5y Avg Return:2.33%
Rank in Category (ytd):52
% Rank in Category (ytd):26.67%
Beta (3y):-0.10
Morningstar Risk Rating:3

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. View More
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