Though veteran managers guide Arbitrage Fund, significant and continuous turnover within the event-driven investment team in recent years damps the group’s overall appeal. This instability downgrades the Morningstar Analyst Ratings of its cheapest share classes to Neutral from Bronze, while the priciest C shares move to Negative.
Arbitrage I ARBNX
NAV / 1-Day Return
13.25
/
0.38
%
Total Assets
1.6 Bil
Adj. Expense Ratio
1.380%
Expense Ratio
1.490%
Fee Level
Average
Longest Manager Tenure
21.91
years
Category
Event Driven
Alt Style Correlation / Relative Volatility
High / LowMin. Initial Investment
100,000
Status
Open
TTM Yield
0.00%
Turnover
206%
Morningstar’s Fund Analysis ARBNX
Will ARBNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ARBNX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ARBNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of ARBNX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Personnel turnover diminishes our view.
