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 R ARBFX
NAV / 1-Day Return
13.08
/
0.23
%
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.
1.550%
Expense Ratio
1.710%
Fee Level
Low
Longest Manager Tenure
20.64
years
Category
Event Driven
Alt Style Correlation / Relative Volatility
Low / LowMin. Initial Investment
2,000
Status
Open
TTM Yield
0.00%
Turnover
273%
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 ARBFX 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 ARBFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ARBFX 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 ARBFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A focused and compelling approach backed by long-tenured managers.
