Absolute Convertible Arbitrage Inv (ARBOX)

Fund Assets	1.90B
Expense Ratio	1.669%
Min. Investment	$2,500
Turnover	24.00%
Dividend (ttm)	0.24
Dividend Yield	2.07%
Dividend Growth	-4.25%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 30, 2026

Previous Close	11.78
YTD Return	3.12%
1-Year Return	4.29%
5-Year Return	24.87%
52-Week Low	11.48
52-Week High	12.06
Beta (5Y)	n/a
Holdings	298
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.

• Fund Family: Absolute Investment Advisers
• Category: Relative Value Arbitrage
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: ARBOX
• Share Class: Investor Shares
• Index: Index is not available on Lipper Database

Performance

ARBOX had a total return of 4.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.48%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
ARBIX	Institutional Shares	1.36%

Top 10 Holdings

68.38% of assets

Name	Symbol	Weight
Margin - Wells Fargo	n/a	30.27%
First American Treasury Obligs X	FXFXX	14.09%
Margin - Morgan Stanley	n/a	13.55%
EZCORP Inc. 3.75%	EZPW.3.75 12.15.29	2.13%
Absolute Flexible Instl	FLXIX	1.79%
Granite Construction Inc 3.25%	GVA.3.25 06.15.30	1.48%
Morgan Stanley InstlLqdty TrsSecs Instl	MSUXX	1.43%
Cohu Inc 1.5%	COHU.1.5 01.15.31	1.32%
Halozyme Therapeutics Inc 1%	HALO.1 08.15.28	1.18%
MKS Inc. 1.25%	MKSI.1.25 06.01.30	1.14%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 30, 2026	$0.0993	Jun 30, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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