Arbitrage Fund benefits from a veteran management team and a focused approach with a record of generating uncorrelated returns to the broader equity and bond markets. The fund continues to merit a Morningstar Analyst Rating of Bronze for its three cheapest share classes and Neutral for its most expensive C shares.
Arbitrage I ARBNX
NAV / 1-Day Return
13.37
/
0.00
Total Assets
1.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.300%
Expense Ratio
1.460%
Fee Level
Below Average
Longest Manager Tenure
21.01
years
Category
Event Driven
Alt Style Correlation / Relative Volatility
High / LowMin. Initial Investment
100,000
Status
Open
TTM Yield
0.00%
Turnover
300%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
A focused and compelling approach backed by long-tenured managers.
