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Arbitrage Credit Opportunities I (ACFIX)

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Arbitrage Credit Opportunities I

Arbitrage FundsC/O Sei Global Funds Services 1 Freedom Valley DriOaks, PA 19456
800-295-4485
Management Information
Gregory Loprete,Lead Manager since September 30, 2012
Gregory(Gregg) Loprete joined Water Island Capital in 2009 and currently serves as a portfolio manager. He is primarily responsible for management of the firm’s convertible and fixed income investments. Prior to joining Water Island Capital, Mr. Loprete worked at Keefe, Bruyette & Woods as a Convertible and Preferred Trader where he evaluated, implemented and managed convertible and capital structure investments. From 2007-2008, Mr. Loprete was a Director in the Convertible Arbitrage Group at Ramius Capital Group, LLC. At Ramius Mr. Loprete also served as co-manager and trader. From 2003 to 2007, Mr. Loprete was a Senior Convertible Analyst and Convertible Banking Liaison at SG Cowen & Company. Mr. Loprete received a Masters of Business Administration degree in Finance from New York University in 1993 and a Bachelors degree from the University of Delaware in 1987 — with a major in English Literature with a minor in Economics.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryLong-Short Credit
Fund FamilyArbitrage Fund
Net Assets57.35M
YTD Return0.86%
Yield3.10%
Morningstar Rating★★★
Inception DateSep 30, 2012

Fund Operations

Last Dividend0.02
Last Cap Gain0.00
Holdings Turnover211.00%
Average for CategoryN/A

Fees & Expenses

ExpenseACFIXCategory Average
Annual Report Expense Ratio (net)1.25%1.68%
Prospectus Net Expense Ratio1.27%N/A
Prospectus Gross Expense Ratio1.70%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A4.52%
Max Deferred Sales LoadN/A1.00%
3 Yr Expense Projection511N/A
5 Yr Expense Projection900N/A
10 Yr Expense Projection1,988N/A