The Arbitrage Fund Class A (ARGAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

13.83

+0.01 (0.07%)

At close: Sep 25, 2026

Fund Assets	882.17M
Expense Ratio	1.71%
Min. Investment	$2,000
Turnover	220.00%
Dividend (ttm)	0.03
Dividend Yield	0.21%
Dividend Growth	-51.83%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2025

Previous Close	13.82
YTD Return	3.21%
1-Year Return	5.62%
5-Year Return	16.71%
52-Week Low	13.37
52-Week High	13.89
Beta (5Y)	0.10
Holdings	95
Inception Date	May 31, 2013

About ARGAX

The Arbitrage Fund Class A is a mutual fund that specializes in merger arbitrage, an event-driven investment strategy focused on capitalizing on price discrepancies arising from publicly announced corporate mergers and acquisitions. Its primary objective is to deliver capital growth through systematic investments in companies that are the targets of announced takeover deals. The fund seeks to generate returns by capturing the spread between a target company’s current market price and the acquisition price offered by an acquiring firm. Notably, the fund employs techniques designed to minimize broader market exposure, such as short selling and trading in options, which can help reduce volatility relative to traditional equity investments. Comprised of a diversified portfolio, The Arbitrage Fund Class A typically holds positions across numerous sectors, reflecting the breadth of active merger and acquisition activity. It is categorized as an event-driven fund and is recognized for its low correlation to major market indices, making it a tool for portfolio diversification. The fund’s approach aims to provide steady, absolute returns with lower sensitivity to overall market movements, positioning it as a potential complement to fixed income and traditional equity holdings in investor portfolios.

Fund Family Arbitrage Fund

Category Event Driven

Performance Rating Average

Risk Rating Below Average

Stock Exchange NASDAQ

Ticker Symbol ARGAX

Share Class Class A

Index ICE BofA US 3-Month T Bill TR IX

Performance

ARGAX had a total return of 5.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.62%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
ARBNX	Class I	1.46%
ARBFX	Class R	1.71%
ARBCX	Class C	2.46%

Top 10 Holdings

52.43% of assets

Name	Symbol	Weight
State Street Instl US Govt MMkt Premier	GVMXX	7.92%
Morgan Stanley & Co. LLC - Morgan Stanley Institutional Liquidity Funds - Government Portfolio	MVRXX	7.92%
MORGAN STANLEY PRIME BROKER US	n/a	6.77%
Janus Henderson Group PLC	JHG	4.72%
Electronic Arts, Inc.	EA	4.68%
Norfolk Southern Corporation	NSC	4.29%
TXNM Energy, Inc.	TXNM	4.17%
Chart Industries, Inc.	GTLS	4.11%
Warner Bros. Discovery, Inc.	WBD	3.93%
Endeavor Group Holdings, Inc.	EDR	3.92%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$0.48608	Dec 19, 2025
Dec 18, 2024	$0.12488	Dec 19, 2024
Dec 14, 2023	$0.24409	Dec 15, 2023
Dec 15, 2022	$0.4545	Dec 16, 2022
Dec 17, 2020	$0.88524	Dec 18, 2020
Dec 19, 2019	$0.27464	Dec 20, 2019

Full Dividend History