Finny logo
Finny logo
Dibs:
Dibs:
0

7-day free trial: Get unlimited comparisons, and stock, ETF and mutual fund analyses for just $14.95 a month, without ads. Start a free trial. Go ad free!

15 important things you should know about Arbitrage Fund ARBNX mutual fund

Updated: September 19, 2020
83
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • High expense ratio

Before we start: if you’re looking for ARBNX “stock” price, you can quickly find it out by visiting Finny and typing "ARBNX quote". If you’re looking for a quick scoop on ARBNX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ARBNX". You’ll get all this info in one place.

Are you looking to buy or sell ARBNX? Or perhaps you’re looking for ARBNX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ARBNX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ARBNX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ARBNX buy or sell; the pros and cons of investing in ARBNX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ARBNX.

And here is the list of questions we’ll answer:

  1. Describe Arbitrage Funds: Arbitrage Fund; Class I Shares (ARBNX).
  2. What are ARBNX holdings?
  3. What is ARBNX performance? What are ARBNX historical returns?
  4. How many up and down years did ARBNX have historically?
  5. What is ARBNX dividend yield?
  6. What is ARBNX minimum initial investment amount?
  7. What is ARBNX expense ratio?
  8. Does ARBNX have any sales loads or 12b-1 distribution expenses?
  9. What is ARBNX tax efficiency (tax-cost ratio)?
  10. What is ARBNX beta? How would you assess ARBNX risk?
  11. What is ARBNX Sharpe ratio?
  12. What is ARBNX Finny Score? ARBNX buy or sell?
  13. What are the pros of investing in ARBNX? What are ARBNX buy reasons?
  14. What are the cons of investing in ARBNX? What are ARBNX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Arbitrage Funds: Arbitrage Fund; Class I Shares (ARBNX).

The Fund seeks to achieve capital growth by engaging in merger arbitrage. The Fund's investment adviser uses investment strategies designed to minimize market exposure, including short selling and purchasing and selling options.

2. What are ARBNX top holdings?

ARBNX has 67 stock holdings and 1 bond holdings.

The top 10 holdings represent 50.65% of total assets. Here are the top holdings:

Name Symbol % Assets
Tiffany & Co TIF 6.28%
LogMeIn Inc LOGM 6.06%
Caesars Entertainment Corp CZR 5.63%
Water Island Diversified Event-Driven I AEDNX 5.05%
Schwmss Trs Usd P E Schwab /Schw Us N/A 4.90%
Schwmss Trs Usd R V 01mfedl Fedl01m-40.00bps N/A 4.90%
TD Ameritrade Holding Corp AMTD 4.69%
Anixter International Inc N/A 4.66%
E*TRADE Financial Corp ETFC 4.25%
Kemet Corp N/A 4.23%

3. What is ARBNX performance? What are ARBNX historical returns?

ARBNX has generated the following returns:

  • 1-month return is 0.52%;
  • 3-month return is 1.56%;
  • 1-year return is 3.56%;
  • 3-year return is 2.82%;
  • 5-year return is 3.08%;
  • 10-year return is 2.40%;
  • 15-year return is 3.22%.

4. How many up and down years did ARBNX have historically?

In the last 10 years, ARBNX had 10 up years and 0 down years. See Performances

5. What is ARBNX dividend yield?

ARBNX yield is 0.06%.

6. What is ARBNX minimum initial investment amount?

ARBNX minimum initial investment amount is N/A.

7. What is ARBNX expense ratio?

ARBNX expense ratio is 1.74%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does ARBNX have any sales loads or 12b-1 distribution expenses?

ARBNX 12b-1 distribution fee is 0. ARBNX front-end sales load is 0. ARBNX back-end sales load is 0.

9. What is ARBNX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.72%;
  • 3-year ax cost ratio is 0.98%.

See Taxes

10. What is ARBNX beta? How would you assess ARBNX risk?

  • 3-year beta is 0.22;
  • 5-year beta is 0.11;
  • 10-year beta is 0.09.

See Risks

11. What is ARBNX Sharpe ratio?

  • 3-year Sharpe ratio is 0.26;
  • 5-year Sharpe ratio is 0.60;
  • 10-year Sharpe ratio is 0.76.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 83. Our quantitative analysis shows 5 reasons to buy and 1 reason to sell it, resulting in the Finny Score of 83.

13. What are the pros of investing in ARBNX? What are ARBNX buy reasons?

The following are ARBNX strengths from our perspective:

  • <strong>ARBNX 3-year return</strong> is 2.82%, which is higher than the 3-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.71%.
  • <strong>ARBNX 5-year return</strong> is 3.08%, which is higher than the 5-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.2%.
  • <strong>ARBNX 10-year return</strong> is 2.4%, which is higher than the 10-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 0.64%.
  • <strong>ARBNX 15-year return</strong> is 3.22%, which is higher than the 15-year return of the benchmark index (ICE BofA US 3-Month Treasury Bill TR USD), 1.3%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in ARBNX? What are ARBNX negatives?

The following are ARBNX weaknesses from our perspective:

  • <strong>ARBNX expense ratio</strong> is 1.74%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ARBNX review, we covered ARBNX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
Follow Us