The Arbitrage Fund Class Institutional (ARBNX)
Fund Info
US03875R2058
Oct 17, 2003
$100,000
Expense Ratio
ARBNX has a high expense ratio of 1.49%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in The Arbitrage Fund Class Institutional, 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 Class Institutional (ARBNX) returned 2.38% year-to-date (YTD) and 5.22% over the past 12 months. Over the past 10 years, ARBNX returned 0.95% annually, underperforming the S&P 500 benchmark at 10.43%.
ARBNX
2.38%
1.63%
1.00%
5.22%
1.19%
0.95%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of ARBNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.12% | 1.25% | 0.07% | -0.22% | 0.15% | 2.38% | |||||||
| 2024 | -0.45% | -0.00% | 1.52% | -1.80% | 0.46% | 0.53% | 1.74% | 0.37% | -0.22% | 0.67% | 0.22% | -0.55% | 2.46% |
| 2023 | 0.16% | -0.16% | 0.24% | 0.08% | -2.20% | 1.60% | 1.50% | 1.09% | 0.31% | -0.46% | 2.46% | 1.65% | 6.37% |
| 2022 | -1.13% | 0.15% | 0.68% | -0.60% | -0.91% | -1.38% | 1.55% | 0.46% | -0.76% | 1.69% | -0.98% | -2.12% | -3.37% |
| 2021 | 0.91% | 0.07% | 0.52% | 0.97% | 0.44% | -0.81% | -2.00% | 0.60% | 0.53% | 0.30% | -1.34% | 0.38% | 0.53% |
| 2020 | 0.37% | -0.37% | -2.77% | 3.47% | 0.30% | -0.07% | 0.82% | 0.52% | 0.29% | 0.59% | 1.16% | -5.03% | -0.97% |
| 2019 | 0.46% | 0.15% | 0.30% | 0.98% | -0.52% | -0.00% | 0.75% | 0.22% | 0.07% | 0.45% | 0.44% | -1.56% | 1.74% |
| 2018 | 0.31% | 0.84% | -1.13% | -0.99% | 0.62% | 0.38% | -0.31% | 0.23% | 0.61% | 0.15% | 0.99% | -0.55% | 1.13% |
| 2017 | 0.15% | 0.45% | 0.45% | 0.45% | 0.45% | 0.37% | 0.00% | 0.30% | 0.07% | 0.44% | -1.03% | -2.00% | 0.07% |
| 2016 | 0.62% | 0.46% | 0.54% | -0.15% | 0.61% | -0.00% | 0.08% | 0.15% | 0.53% | -0.76% | 0.91% | -0.38% | 2.64% |
| 2015 | 0.31% | 0.31% | 0.53% | 0.45% | 0.23% | -1.28% | -0.08% | -0.15% | -1.15% | 0.93% | 0.23% | -1.68% | -1.38% |
| 2014 | -0.08% | 0.08% | -0.54% | 0.31% | 0.23% | 0.86% | 0.08% | 0.15% | -0.46% | -0.62% | 0.78% | 0.62% | 1.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, ARBNX is among the top 10% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for The Arbitrage Fund Class Institutional (ARBNX) 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 Class Institutional provided a 0.69% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.31 | $0.14 | $0.00 | $0.00 | $0.01 | $0.10 | $0.13 |
Dividend yield | 0.69% | 0.71% | 2.36% | 1.06% | 0.00% | 0.00% | 0.06% | 0.75% | 1.02% |
Monthly Dividends
The table displays the monthly dividend distributions for The Arbitrage Fund Class Institutional. 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2017 | $0.13 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the The Arbitrage Fund Class Institutional. 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 Class Institutional was 17.52%, occurring on Oct 9, 2008. Recovery took 1656 trading sessions.
The current The Arbitrage Fund Class Institutional drawdown is 0.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.52% | Nov 14, 2007 | 227 | Oct 9, 2008 | 1656 | May 12, 2015 | 1883 |
| -12.95% | Dec 19, 2019 | 61 | Mar 18, 2020 | 102 | Aug 12, 2020 | 163 |
| -10.51% | Dec 17, 2020 | 606 | May 16, 2023 | 315 | Aug 16, 2024 | 921 |
| -10.45% | Mar 8, 2004 | 289 | Apr 28, 2005 | 548 | Jul 6, 2007 | 837 |
| -6.63% | Nov 2, 2017 | 125 | May 3, 2018 | 311 | Jul 30, 2019 | 436 |
Volatility
Volatility Chart
The current The Arbitrage Fund Class Institutional volatility is 1.18%, 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.