The Arbitrage Fund (ARBCX)
| Fund Assets | 730.76M |
| Expense Ratio | 2.35% |
| Min. Investment | $2,000 |
| Turnover | 162.00% |
| Dividend (ttm) | 0.06 |
| Dividend Yield | 0.51% |
| Dividend Growth | -74.03% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 12.38 |
| YTD Return | 4.57% |
| 1-Year Return | 5.60% |
| 5-Year Return | 14.03% |
| 52-Week Low | 11.68 |
| 52-Week High | 12.40 |
| Beta (5Y) | n/a |
| Holdings | 108 |
| Inception Date | Jun 1, 2012 |
About ARBCX
The Arbitrage Fund Class C is an open-end mutual fund specializing in merger arbitrage, an investment strategy that seeks to generate capital growth by exploiting price discrepancies in publicly announced mergers and acquisitions. This fund primarily invests in equity securities—both common and preferred stocks—of U.S. and international companies that are targets of corporate events such as mergers, takeovers, tender offers, leveraged buyouts, spin-offs, and liquidations. The fund’s objective is to capture the spread between the current market price of a target company and the price offered by an acquirer, aiming to deliver consistent absolute returns with reduced volatility and limited correlation to broader markets. The investment adviser employs a range of techniques, including short selling and the use of options, to minimize market exposure and preserve capital during periods of market stress. The Arbitrage Fund Class C is notable for its role as a specialized event-driven fund, providing investors with access to strategies designed to be less sensitive to general market movements and more focused on corporate transactional activity.
Performance
ARBCX had a total return of 5.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.85%.
Top 10 Holdings
69.29% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley & Co. LLC - Morgan Stanley Institutional Liquidity Funds - Government Portfolio | MVRXX | 18.13% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 18.13% |
| Amedisys Inc. | AMED | 6.21% |
| Water Island Event-Driven Fund I | AEDNX | 4.84% |
| ANSYS, Inc. | ANSS | 4.54% |
| Endeavor Group Holdings, Inc. | EDR | 4.40% |
| Hydraulic Elements and Systems AD | HES | 3.99% |
| Juniper Networks, Inc. | JNPR | 3.68% |
| Springworks Therapeutics, Inc. | SWTX | 3.03% |
| Frontier Communications Holdings LLC | FYBR.8.75 05.15.30 144A | 2.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $0.06339 | Dec 19, 2024 |
| Dec 14, 2023 | $0.24409 | Dec 15, 2023 |
| Dec 15, 2022 | $0.35494 | Dec 16, 2022 |
| Dec 17, 2020 | $0.88524 | Dec 18, 2020 |
| Dec 19, 2019 | $0.27464 | Dec 20, 2019 |
| Dec 13, 2018 | $0.15508 | Dec 14, 2018 |