The Arbitrage Fund (ARBFX)
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.
Fund Info
| ISIN | US03875R1068 |
|---|---|
| CUSIP | 03875R106 |
| Issuer | Arbitrage Fund |
| Inception Date | Sep 17, 2000 |
| Category | Event Driven |
| Min. Investment | $2,000 |
| Asset Class | Alternatives |
Expense Ratio
The The Arbitrage Fund has a high expense ratio of 1.43%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: ARBFX vs. VEQT.TO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in The Arbitrage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
The Arbitrage Fund had a return of -0.79% year-to-date (YTD) and 4.85% in the last 12 months. Over the past 10 years, The Arbitrage Fund had an annualized return of 2.45%, while the S&P 500 had an annualized return of 10.52%, indicating that The Arbitrage Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.79% | 6.92% |
| 1 month | -1.72% | -2.83% |
| 6 months | 3.33% | 23.86% |
| 1 year | 4.85% | 23.33% |
| 5 years (annualized) | 2.41% | 11.66% |
| 10 years (annualized) | 2.45% | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.55% | 0.00% | 1.51% | |||||||||
| 2023 | 0.24% | -0.48% | 2.41% | 1.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The Arbitrage Fund(ARBFX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for The Arbitrage Fund (ARBFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
The Arbitrage Fund granted a 1.94% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.45 | $0.07 | $0.89 | $0.27 | $0.22 | $0.45 | $0.12 | $0.30 | $0.03 | $0.06 |
Dividend yield | 1.94% | 1.92% | 3.67% | 0.53% | 6.94% | 2.12% | 1.71% | 3.55% | 0.96% | 2.36% | 0.24% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for The Arbitrage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2013 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the The Arbitrage Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the The Arbitrage Fund was 14.52%, occurring on Oct 9, 2008. Recovery took 143 trading sessions.
The current The Arbitrage Fund drawdown is 2.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.52% | May 16, 2008 | 101 | Oct 9, 2008 | 143 | May 6, 2009 | 244 |
| -11.9% | Feb 21, 2020 | 19 | Mar 18, 2020 | 29 | Apr 29, 2020 | 48 |
| -10.38% | Mar 8, 2004 | 110 | Aug 12, 2004 | 407 | Mar 24, 2006 | 517 |
| -7.64% | Jun 9, 2021 | 259 | Jun 16, 2022 | 360 | Nov 21, 2023 | 619 |
| -6.5% | Aug 27, 2002 | 31 | Oct 9, 2002 | 66 | Jan 14, 2003 | 97 |
Volatility
Volatility Chart
The current The Arbitrage Fund volatility is 0.86%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.