Absolute Convertible Arbitrage Fund (ARBOX)
| Fund Assets | 1.34B |
| 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 | 11.65 |
| YTD Return | 1.57% |
| 1-Year Return | 8.48% |
| 5-Year Return | n/a |
| 52-Week Low | 10.76 |
| 52-Week High | 11.66 |
| Beta (5Y) | n/a |
| Holdings | 247 |
| Inception Date | Feb 25, 2021 |
About ARBOX
Absolute Convertible Arbitrage Fund Investor Shares is a mutual fund designed to deliver positive absolute returns with relatively low volatility compared to traditional market indices. Its primary focus is on **convertible arbitrage**, a strategy that seeks to capitalize on inefficiencies between a company’s convertible securities—such as convertible bonds and preferred stocks—and its common stock. The fund employs credit, income, and volatility factors in its analysis, seeking value through a combination of fixed income and equity-linked instruments. With over 200 holdings, its portfolio is broadly diversified, with sizable allocations to both corporate convertible bonds and cash equivalents. The fund's strategy aims to complement the alternative or fixed income components of a diversified portfolio, offering moderate returns while seeking to minimize traditional market risks. Managed by an experienced team with deep expertise in convertible securities, the fund has established a track record of low volatility and consistent income distributions. It is suitable for investors looking for exposure to relative value arbitrage opportunities across various sectors without the higher risk typically associated with equity or high-yield strategies.
Performance
ARBOX had a total return of 8.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.51%.
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
63.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Margin - Wells Fargo | n/a | 27.23% |
| Margin - Morgan Stanley | n/a | 14.00% |
| First American Treasury Obligations Fund | FXFXX | 9.75% |
| Absolute Flexible Fund Institutional Shares | FLXIX | 2.44% |
| EZCORP Inc. 3.75% | EZPW.3.75 12.15.29 | 2.01% |
| Granite Construction Inc 3.25% | GVA.3.25 06.15.30 | 1.85% |
| Patrick Industries Inc. 1.75% | PATK.1.75 12.01.28 | 1.44% |
| Halozyme Therapeutics Inc 1% | HALO.1 08.15.28 | 1.44% |
| Integer Holdings Corp. 1.875% | ITGR.1.875 03.15.30 | 1.43% |
| Merit Medical Systems Inc. 3% | MMSI.3 02.01.29 | 1.40% |
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 |