Absolute Convertible Arbitrage Fund (ARBOX)
| Fund Assets | 1.43B |
| Expense Ratio | 1.66% |
| Min. Investment | $2,500 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.59 |
| Dividend Yield | 5.02% |
| Dividend Growth | 13.39% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 11.67 |
| YTD Return | 1.66% |
| 1-Year Return | 7.62% |
| 5-Year Return | n/a |
| 52-Week Low | 11.35 |
| 52-Week High | 11.98 |
| Beta (5Y) | n/a |
| Holdings | 242 |
| Inception Date | Feb 25, 2021 |
About ARBOX
Absolute Convertible Arbitrage Fund Investor Shares is an open-end mutual fund that seeks positive absolute returns over the long term with low volatility compared to traditional market indices. It employs a convertible arbitrage strategy, exploiting pricing relationships between convertible bonds and the underlying common stocks to capture value from credit, income, and volatility factors. This non-directional, hedged approach aims to deliver moderate returns with defensive characteristics, making it suitable as a complement to alternatives or fixed income allocations in diversified portfolios. The fund invests primarily in convertible securities, which combine debt and equity features, along with short positions in equities and other instruments to maintain market neutrality. Managed by experienced professionals at Absolute Investment Advisers LLC with deep expertise in the convertibles market, it focuses on inefficiencies in this niche asset class. Holdings typically include a mix of corporate convertible bonds across various sectors and cash equivalents for liquidity. Distributions occur semi-annually for income and annually for capital gains. Investor Shares offer a no-transaction-fee option accessible through financial advisers or directly via the fund company.
Performance
ARBOX had a total return of 7.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.68%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| ARBIX | Institutional Shares | 1.41% |
Top 10 Holdings
65.76% of assets| Name | Symbol | Weight |
|---|---|---|
| Margin - Wells Fargo | n/a | 28.96% |
| Margin - Morgan Stanley | n/a | 14.48% |
| First American Treasury Obligations Fund | FXFXX | 9.64% |
| Absolute Flexible Fund Institutional Shares | FLXIX | 2.42% |
| EZCORP Inc. 3.75% | EZPW.3.75 12.15.29 | 2.12% |
| Granite Construction Inc 3.25% | GVA.3.25 06.15.30 | 1.87% |
| AST SpaceMobile Inc. 4.25% | ASTS.4.25 03.01.32 | 1.61% |
| Patrick Industries Inc. 1.75% | PATK.1.75 12.01.28 | 1.59% |
| MKS Inc. 1.25% | MKSI.1.25 06.01.30 | 1.54% |
| Fluence Energy Inc 2.25% | FLNC.2.25 06.15.30 | 1.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.1442 | Dec 31, 2025 |
| Dec 12, 2025 | $0.380 | Dec 12, 2025 |
| Jun 30, 2025 | $0.0617 | Jun 30, 2025 |
| Dec 31, 2024 | $0.1926 | Dec 31, 2024 |
| Dec 12, 2024 | $0.1479 | Dec 12, 2024 |
| Jun 28, 2024 | $0.1762 | Jun 28, 2024 |