The Arbitrage Fund Class Institutional (ARBNX)

Fund Assets	1.12B
Expense Ratio	1.35%
Min. Investment	$100,000
Turnover	n/a
Dividend (ttm)	0.16
Dividend Yield	1.15%
Dividend Growth	-42.90%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2024

Previous Close	13.75
YTD Return	2.23%
1-Year Return	5.58%
5-Year Return	17.40%
52-Week Low	n/a
52-Week High	n/a
Beta (5Y)	n/a
Holdings	99
Inception Date	Oct 17, 2003

About ARBNX

The The Arbitrage Fund Class Institutional (ARBNX) seeks to achieve capital growth by engaging in merger arbitrage. ARBNX's investment adviser uses investment strategies designed to minimize market exposure, including short selling and purchasing and selling options.

• Category: Event Driven
• Stock Exchange: NASDAQ
• Ticker Symbol: ARBNX
• Share Class: Class I
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

ARBNX had a total return of 5.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.09%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
ARGAX	Class A	1.60%
ARBFX	Class R	1.60%
ARBCX	Class C	2.35%

Top 10 Holdings

66.36% of assets

Name	Symbol	Weight
Morgan Stanley & Co. LLC - Morgan Stanley Institutional Liquidity Funds - Government Portfolio	MVRXX	17.55%
State Street U.S. Government Money Market Portfolio	GVMXX	17.55%
Hess Corporation	HES	5.02%
Water Island Event-Driven Fund Class I	AEDNX	4.83%
Amedisys, Inc.	AMED	4.60%
Endeavor Group Holdings, Inc.	EDR	3.74%
H&E Equipment Services, Inc.	HEES	3.35%
Kellanova	K	3.25%
Everi Holdings Inc.	EVRI	3.25%
MORGAN STANLEY PRIME BROKER US	n/a	3.23%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2024	$0.15869	Dec 19, 2024
Dec 14, 2023	$0.27791	Dec 15, 2023
Dec 15, 2022	$0.48968	Dec 16, 2022
Dec 17, 2020	$0.88524	Dec 18, 2020
Dec 19, 2019	$0.28306	Dec 20, 2019
Dec 13, 2018	$0.25349	Dec 14, 2018