About ARBNX
The Arbitrage Fund Class Institutional is an open-end mutual fund specializing in event-driven strategies, with a primary focus on merger arbitrage. The fund aims to achieve capital growth by investing at least 80% of its net assets in equity securities of companies, both U.S. and foreign, involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations. Notably, the fund employs a variety of risk management techniques—including short selling and options—to minimize market exposure and maintain low correlation with broader market movements. This strategy is designed to generate returns largely independent of overall market direction by capitalizing on price discrepancies that occur during corporate events. With a relatively high asset turnover and a portfolio typically spread across a range of sectors, the fund’s holdings may reflect concentrations in industries experiencing heightened M&A activity during specific periods. The Arbitrage Fund Class Institutional primarily serves institutional investors, offering diversification benefits and the potential for steady, lower-volatility returns relative to traditional equity funds, especially during periods of market stress.
Fund Family Arbitrage Fund
Category Event Driven
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol ARBNX
Share Class Class I
Index ICE BofA US 3-Month T Bill TR IX
ARBNX had a total return of 6.21% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.32%.
