The Arbitrage Fund Class R (ARBFX) Fund Details & Analysis

Fund Information

Fund Category Event Driven

Fund Family Arbitrage Fund

Fund Style Large

ISIN US03875R1068

CUSIP 03875R106

Inception Date 2000-09-18

Domicile United States

Country USA

Fiscal Year End May

NAV Chart

Fund Metrics

Net Assets $810.85 Million

Share Class Net Assets $23.42 Million

Expense Ratio 1.71%

Expense Ratio Date 2025-09-26

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 0.67%

1-Year Return 6.26%

3-Year Return 6.11%

5-Year Return 3.03%

NAV $13.52

Previous Close Price $13.52

Last Update 2026-03-31

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About The Arbitrage Fund Class R

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 7767.63%

Giant 0.00%

Large 3.02%

Medium 21.73%

Micro 15.42%

Small 32.50%

Value & Growth Metrics

Book-Value Growth % 4.18%

Cash-Flow Growth % 7.50%

Dividend Yield % 1.31%

Historical Earnings % 10.76%

Long-Term Earnings % 8.99%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	7.01%	7.01%	0.00%	11.29%	77.27%
Cash	23.82%	23.82%	0.00%	14.80%	0.00%
Non US Stock	6.75%	6.75%	0.00%	10.54%	8.91%
Not Classified	0.03%	0.03%	0.00%	0.94%	0.00%
Other	-0.09%	3.93%	4.01%	4.75%	1.97%
US Stock	62.48%	71.87%	9.39%	84.24%	11.85%

Top Holdings

Name	Weight	Owned	Change
Amedisys Inc	4.60%	-	-
Water Island Event Driven Fund	4.51%	-	-
Hess Corp	5.02%	-	-
MORGAN STANLEY PRIME BROKER US	9.01%	-	-
Squarespace Inc	None	-	-
Kellanova	3.25%	-	-
Marathon Oil Corp	None	-	-
Axonics Inc	None	-	-
HashiCorp Inc	None	-	-
Albertsons Cos Inc	3.52%	-	-
State Street Institutional US Government Money Market Fund	17.55%	-	-
Morgan Stanley Institutional Liquidity Funds - Government Portfolio	7.17%	-	-
DS Smith PLC	3.58%	-	-
Endeavor Group Holdings Inc	4.24%	-	-
HE Equipment Services Inc	3.35%	-	-
Everi Holdings Inc	3.25%	-	-
State Street Institutional U.S. Government Money Market Fund	7.17%	-	-
CyberArk Software Ltd	4.27%	-	-
Norfolk Southern Corp	3.96%	-	-
Chart Industries Inc	3.78%	-	-
TXNM Energy Inc	3.54%	-	-
Electronic Arts Inc	3.49%	-	-

See the full breakdown of ARBFX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	4.75%	48.16%	77.19%	0.00%
Bond Sector	Corporate	4.75%	30.11%	22.81%	22.67%
Bond Sector	Derivative	4.75%	1.06%	0.00%	0.00%
Bond Sector	Government	4.75%	5.89%	0.00%	63.40%
Bond Sector	Municipal	4.75%	0.33%	0.00%	0.03%
Bond Sector	Securitized	4.75%	14.44%	0.00%	13.89%
Cyclical	Basic Materials	2.95%	4.75%	0.00%	5.05%
Cyclical	Consumer Cyclical	4.27%	3.71%	0.00%	8.60%
Cyclical	Financial Services	15.41%	23.26%	0.00%	18.67%
Cyclical	Real Estate	3.78%	2.24%	0.00%	8.45%
Defensive	Consumer Defensive	4.20%	4.45%	0.00%	5.49%
Defensive	Healthcare	19.50%	15.94%	0.00%	9.75%
Defensive	Utilities	4.75%	1.49%	0.00%	3.18%
Sensitive	Communication Services	16.83%	12.16%	0.00%	4.63%
Sensitive	Energy	0.00%	1.06%	0.00%	4.46%
Sensitive	Industrials	15.84%	12.56%	0.00%	12.91%
Sensitive	Technology	12.47%	18.38%	0.00%	18.80%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.28%	-	1.13%
Americas	North America	92.52%	93.49%	60.80%
Greater Asia	Asia Developed	0.27%	-	5.38%
Greater Asia	Asia Emerging	0.10%	-	4.63%
Greater Asia	Australasia	0.09%	-	2.04%
Greater Asia	Japan	0.09%	-	7.33%
Greater Europe	Africa/Middle East	0.01%	-	1.35%
Greater Europe	Europe Developed	2.68%	4.51%	13.19%
Greater Europe	Europe Emerging	-	-	0.30%
Greater Europe	United Kingdom	3.95%	2.01%	3.87%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-18	$0.058	$0.058	USD	-	-	-	-
2022-12-15	$0.093	$0.093	USD	2022-12-15	2022-12-14	2022-12-16	Annual
2018-12-13	$0.063	$0.063	USD	2018-12-13	2018-12-12	2018-12-14	Other
2017-12-14	$0.087	$0.087	USD	2017-12-14	2017-12-13	2017-12-15	Other
2012-12-18	$0.095	$0.095	USD	2012-12-18	2012-12-17	2012-12-19	Other
2009-12-17	$0.053	$0.053	USD	-	2009-12-16	2009-12-18	Other
2003-12-31	$0.500	$0.500	USD	-	2003-12-30	2003-12-31	Other
2002-12-31	$0.145	$0.145	USD	-	2002-12-27	2002-12-31	Other

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The Arbitrage Fund Class R NMFQS:ARBFX