ARBNX – Arbitrage I Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to achieve capital growth by engaging in merger arbitrage. The fund will invest at least 80% of its net assets in equity securities of companies (both U.S. and foreign) that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Equity securities include common and preferred stock. Merger arbitrage is a highly specialized investment approach designed to profit from the successful completion of mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ARBNX	The Arbitrage Fund Class Institutional	Institutional	Open		—	Oct 17, 2003	$838.48M	1.450%	Above Average	$100,000	$118.06M
ARGAX	The Arbitrage Fund Class A	Front Load	Open		—	May 31, 2013	$21.29M	1.700%	Above Average	$2,000	−$331,706.80
ARBCX	The Arbitrage Fund Class C	Level Load	Open		—	Jun 1, 2012	$2.84M	2.450%	Above Average	$2,000	−$1.35M
ARBFX	The Arbitrage Fund Class R	Retirement, Medium	Open		—	Sep 18, 2000	$31.27M	1.700%	Above Average	$2,000	$3.70M

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