Arbitrage Fund Funds List | Morningstar

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Arbitrage Fund Funds List

Share Class Type

1 to 10 of 10 Results

Name	Ticker	Morningstar Category	Morningstar Rating for Funds Overall	Morningstar Sustainability Rating	Total Return YTD	Total Return Rank in Category YTD	Adjusted Expense Ratio	Fee Level Distribution	Share Class Type	Minimum Initial Investment
Water Island Credit Opportunities A	AGCAX	Nontraditional Bond			4.16%	82	1.240%	Average	Front Load	$2,000
Water Island Credit Opportunities I	ACFIX	Nontraditional Bond			4.36%	80	0.990%	Above Average	Institutional	$100,000
Water Island Credit Opportunities R	ARCFX	Nontraditional Bond			4.16%	83	1.240%	Low	Retirement, Medium	$2,000
Arbitrage A	ARGAX	Event Driven			2.06%	83	1.590%	Average	Front Load	$2,000
Arbitrage I	ARBNX	Event Driven			2.35%	72	1.340%	Average	Institutional	$100,000
Arbitrage R	ARBFX	Event Driven			2.05%	84	1.590%	Below Average	Retirement, Medium	$2,000
Water Island Event-Driven Fund A	AGEAX	Event Driven			2.18%	80	1.700%	Above Average	Front Load	$2,000
Water Island Event-Driven Fund I	AEDNX	Event Driven			2.40%	71	1.450%	Above Average	Institutional	$100,000
Water Island Event-Driven Fund R	AEDFX	Event Driven			2.17%	81	1.700%	High	Retirement, Medium	$2,000
Arbitrage C	ARBCX	Event Driven			1.54%	95	2.340%	Average	Level Load	$2,000

This list shows only funds that are open to new purchases or limited and does not include funds that are closed to new investments.

Quick Definitions: Key Morningstar Terms

Morningstar Medalist Rating for Funds

The Morningstar Medalist Rating for funds is a five-tier system used to assess a fund's ability to outperform its Morningstar Category index after fees.

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Category

A category is a way to group investments based on similar risk, return, and behavior profiles.

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Morningstar Rating™ for Funds

The Morningstar Rating for Funds, often referred to as the Star Rating, measures a fund’s past performance compared to similar funds on a risk-adjusted basis.

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Percentile Rank

Percentile rank is how an investment’s return, risk, or other metric compares with other investments in its Morningstar Category.

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