Arbitrage Fund

The Arbitrage Fund, launched in 2000, seeks capital growth through an investment approach focused on the strategy of merger arbitrage. This fund invests in companies being acquired in publicly announced mergers and acquisitions. The strategy’s goal is to capture the difference, or spread, between the price of the target company’s stock and the price offered for these securities by the acquiring company. Our approach seeks to deliver consistent, positive absolute returns with lower volatility and low correlation relative to the broader markets.

FUND INFORMATION
TICKER CLASS MINIMUM INVESTMENT GROSS EXPENSE RATIO NET EXPENSE RATIO
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TICKER NAV CHANGE ($) CHANGE (%) YTD RETURN
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TICKER 1 YR 5 YR 10 YR SINCE INCEPTION
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Inception dates: ARBFX, 9/17/00; ARBNX, 10/17/03; ARBCX, 6/1/12; ARGAX, 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. Net expense ratio figures exclude the effect of dividend and interest expense on short positions. Returns shown above include the reinvestment of all dividends and capital gains. A 1.00% contingent deferred sales charge applies to Class C shares redeemed within 12 months of purchase. Class A shares have a maximum front-end sales charge of 2.50%. A deferred sales charge of up to 1.00% may be imposed on purchases of $250,000 or more of Class A shares purchased without a front-end sales charge that are redeemed within 18 months of purchase. For shares purchased without a front-end sales charge prior to April 3, 2017 (determined on a first-in, first-out basis), you may be subject to a deferred sales charge of up to 0.50% if you redeem your shares within 12 months of purchase with respect to the shares purchased prior to April 3, 2017.

RISKS: The Fund uses investment techniques with risks that are different from the risks ordinarily associated with equity investments. Such techniques and strategies include merger arbitrage risks (in that the proposed reorganizations in which the Fund invests may be renegotiated or terminated, in which case the Fund may realize losses), high portfolio turnover risks (which may increase the Fund's brokerage costs, which would reduce performance), options risks, borrowing risks, short sale risks (the Fund will suffer a loss if it sells a security short and the value of the security rises rather than falls), and foreign investment risks (the securities of foreign issuers may be less liquid and more volatile than securities of comparable U.S. issuers), which may increase volatility and may increase costs and lower performance. Foreign investing involves special risks such as currency fluctuations and political uncertainty.


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.

VIDEO: Introduction to The Arbitrage Fund

 

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 »
  • Regular Account Application
  • Entity 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