Arbitrage Credit Opportunities Fund

The Arbitrage Credit Opportunities Fund, launched in 2012, pursues a non-traditional, catalyst-driven approach to fixed income investing. Our alternative credit-based strategy focuses on a broad range of catalysts and events, such as mergers, refinancings, deep value credit, and regulatory changes through investments in bonds, bank loans, convertibles, and preferred stocks. The fund holds both long and short investments, and may employ convertible arbitrage, merger arbitrage, or capital structure arbitrage techniques in an attempt to exploit security mispricings or inefficiencies. This unconstrained bond fund seeks income and capital growth, targeting returns that are more correlated to the outcomes of specific catalysts or events rather than to overall market direction or interest rates.

FUND INFORMATION
TICKER CLASS MINIMUM INVESTMENT GROSS EXPENSE RATIO* NET EXPENSE RATIO*
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* The Total Annual Fund Operating Expense for ACFIX, ARCFX, ARCCX, and AGCAX, respectively, is . Net Expense Ratio, including dividend and interest expense on short positions, borrowing costs incurred for investment purposes, and acquired fund fees, which are not included in the expense ratio, for ACFIX, ARCFX, ARCCX, and AGCAX, respectively, is . The Adviser has contractually agreed to waive its management fee and/or reimburse expenses to the extent necessary to maintain Total Annual Fund Operating Expenses, excluding the effect of dividend and interest expense on short positions and/or borrowings and acquired fund fees and expenses, for ACFIX, ARCFX, ARCCX, and AGCAX, respectively, at 1.25%, 1.50%, 2.25%, and 1.50%. Contractual fee waivers are in place until September 30, 2018. Please read the prospectus for additional details.

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TICKER NAV CHANGE ($) CHANGE (%) YTD RETURN
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TICKER 1 YR 3 YR 5 YR SINCE INCEPTION
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TICKER 1 YR 3 YR 5 YR SINCE INCEPTION
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Inception dates: ARCFX, ACFIX, and ARCCX, 10/1/12; AGCAX, 6/1/13. Performance greater than one year is annualized.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. The fund assesses a 2% redemption fee on shares that are redeemed within 60 days of purchase. Returns shown above include the reinvestment of all dividends and capital gains. Contractual fee waivers are currently in effect and will remain in effect until September 30, 2018. Without such fee waivers, performance numbers may have been reduced. Class A shares have a maximum front-end sales charge of 3.25%.

RISKS: The Funds use investment techniques with risks that are different from the risks ordinarily associated with debt and equity investments. Such techniques and strategies include merger arbitrage risks, high portfolio turnover risks, options risks, borrowing risks, short sale risks, non-diversification risks, and foreign investment risks. The Arbitrage Event-Driven Fund and The Arbitrage Credit Opportunities Fund also include credit risks, interest rate risks, interest rate swap risks, credit default swap risks, and convertible security risks. Risks may increase volatility and may increase costs and lower performance.


Fund Availability

Please contact our institutional sales and service team online or at (800) 560-8210 to find out if The Arbitrage Funds are available on your trading platform or to request that it be added.

FUND LITERATURE »
  • Quarterly Fact Sheet
  • Quarterly Advisor Commentary
  • Monthly Holdings
  • Summary Prospectus
  • Prospectus
  • Statement of Additional Information
  • Annual Report
  • Semi-Annual Report
  • XBRL Filings
APPLICATION FORMS »
  • Account Application
  • IRA Application Kit
  • IRA Transfer/Rollover Information
  • Account Options Form
  • Change Account Ownership
  • IRA Beneficiary Designation/Change
  • Non-IRA Redemption
  • IRA Distribution Form