ATQIX: Arbitrage Tactical Equity I

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ATQIX Arbitrage Tactical Equity I

  • Fund
  • ATQIX
  • Price as of: Jan 17, 2020
  • $10.02
    - $0.00 - 0.00%

Profile

ATQIX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $1.89 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.02
$9.72
$10.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 11.44%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 528.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA $100,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.12%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    The Water Island Long/Short Fund Class I
  • Fund Family Name
    Arbitrage Fund
  • Inception Date
    Dec 31, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Edward Chen

Fund Description

To pursue its investment objective, the advisor employs a "long/short" investment strategy to attempt to achieve capital appreciation and manage risk by purchasing stocks believed to be undervalued and selling short stocks believed to be overvalued. Under normal market conditions, the net long exposure of the fund (long exposure minus short exposure) will range between 20% and 80%. It is non-diversified.


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Categories

ATQIX - Mutual Fund Categories


Performance

ATQIX - Performance

Return Ranking - Trailing

Period ATQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -1.7% 6.8% 51.43%
1 Yr 2.1% -13.8% 33.7% 71.43%
3 Yr 1.3%* -28.5% 11.3% 52.94%
5 Yr -0.2%* -3.4% 16.6% 83.64%
10 Yr N/A* -0.9% 6.2% N/A

* Annualized

Return Ranking - Calendar

Period ATQIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.9% -12.2% 28.0% 58.65%
2018 -6.7% -41.4% 3.4% 38.54%
2017 5.8% -67.1% 21.4% 44.58%
2016 4.6% -17.3% 25.3% 26.03%
2015 -8.3% -14.2% 127.1% 85.19%

Total Return Ranking - Trailing

Period ATQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -1.7% 6.8% 51.43%
1 Yr 2.1% -13.8% 33.7% 73.33%
3 Yr 2.0%* -8.4% 11.3% 60.00%
5 Yr 0.2%* -1.8% 16.6% 81.82%
10 Yr N/A* -0.1% 6.2% N/A

* Annualized

Total Return Ranking - Calendar

Period ATQIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.9% -12.2% 28.0% 58.65%
2018 -4.7% -23.0% 5.2% 34.38%
2017 5.8% -3.8% 25.0% 59.04%
2016 4.6% -7.5% 25.3% 36.99%
2015 -8.3% -14.2% 127.1% 96.30%

NAV & Total Return History


Holdings

ATQIX - Holdings

Concentration Analysis

ATQIX Category Low Category High ATQIX % Rank
Net Assets 1.89 M 1.84 M 3.04 B 98.10%
Number of Holdings N/A 2 2248 4.24%
Net Assets in Top 10 N/A -32.2 M 819 M 100.00%
Weighting of Top 10 N/A 0.0% 167.9% 97.46%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High ATQIX % Rank
Stocks
19.96% -1.01% 98.77% 47.12%
Preferred Stocks
0.00% 0.00% 11.23% 94.07%
Other
0.00% -45.38% 49.30% 98.31%
Convertible Bonds
0.00% 0.00% 7.52% 94.07%
Cash
0.00% -21.35% 145.38% 1.69%
Bonds
0.00% -0.43% 78.85% 92.31%

Expenses

ATQIX - Expenses

Operational Fees

ATQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 11.44% 0.93% 12.57% 3.88%
Management Fee 1.25% 0.35% 2.25% 58.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.45% 25.86%

Sales Fees

ATQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ATQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 52.50%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ATQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 528.00% 0.00% 1816.00% 92.23%

Distributions

ATQIX - Distributions

Dividend Yield Analysis

ATQIX Category Low Category High ATQIX % Rank
Dividend Yield 0.00% 0.00% 20.54% 75.47%

Dividend Distribution Analysis

ATQIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

ATQIX Category Low Category High ATQIX % Rank
Net Income Ratio 0.12% -2.95% 4.60% 59.22%

Capital Gain Distribution Analysis

ATQIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ATQIX - Fund Manager Analysis

Managers

Edward Chen


Start Date

Tenure

Tenure Rank

Jan 31, 2015

4.92

4.9%

Mr. Chen joined Water Island Capital, LLC in 2013. Prior to joining Water Island, Mr. Chen was a Managing Director and Senior Event-Driven Strategist for Jefferies LLC and an Event-Driven Analyst for Citigroup Global Markets, Inc. Mr. Chen began his investment career in 2006 and earned an M.B.A. with a concentration in Finance from MIT Sloan School of Management and a B.S.E. in Computer Science from the University of Pennsylvania.

Curtis Watkins


Start Date

Tenure

Tenure Rank

Sep 30, 2015

4.25

4.3%

Curtis Watkins, CFA, joined Water Island Capital, LLC in 2010 and currently serves as a portfolio manager. Prior to becoming a portfolio manager in 2015, he served as a Research Analyst. Mr. Watkins spent four years with the Economic and Valuation Services Group at KPMG, LLP. There, he performed valuation services for multi-national clients relating to mergers and acquisitions, fairness opinions and corporate restructuring. Mr. Watkins holds a BS in Economics with a concentration in Finance from John Carroll University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.22 21.13 4.34 5.52