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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Absolute Convertible Arbitrage Fund

ARBIX | Fund

$10.96

$733 M

0.52%

$0.06

1.59%

Vitals

YTD Return

-2.0%

1 yr return

-0.8%

3 Yr Avg Return

4.1%

5 Yr Avg Return

N/A

Net Assets

$733 M

Holdings in Top 10

17.4%

52 WEEK LOW AND HIGH

$11.0
$10.74
$11.57

Expenses

OPERATING FEES

Expense Ratio 1.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 45.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$25,000

IRA

$25,000

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Relative Value Arbitrage

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Absolute Convertible Arbitrage Fund

ARBIX | Fund

$10.96

$733 M

0.52%

$0.06

1.59%

ARBIX - Profile

Distributions

  • YTD Total Return -2.0%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.10%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Absolute Convertible Arbitrage Fund
  • Fund Family Name
    Absolute Investment Advisers
  • Inception Date
    Aug 14, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Eric Hage

Fund Description

The fund invests primarily in a diversified portfolio of convertible securities issued by both U.S. and foreign companies. These convertible securities are typically debt securities or preferred stocks that can be exchanged for, or convert automatically to, common stock.

ARBIX - Performance

Return Ranking - Trailing

Period ARBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -11.6% 15.8% 77.00%
1 Yr -0.8% -33.0% 41.7% 16.50%
3 Yr 4.1%* -10.5% 13.4% 20.41%
5 Yr N/A* -4.8% 11.1% 100.00%
10 Yr N/A* -4.6% 7.6% 100.00%

* Annualized

Return Ranking - Calendar

Period ARBIX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.2% -31.7% 23.2% 17.35%
2020 6.2% -20.7% 10.7% 23.71%
2019 3.4% -12.4% 14.7% 35.56%
2018 0.1% -13.2% 12.9% N/A
2017 N/A -11.7% 7.9% N/A

Total Return Ranking - Trailing

Period ARBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -11.7% 15.8% 79.00%
1 Yr -0.8% -33.0% 41.7% 16.50%
3 Yr 4.1%* -10.5% 13.4% 18.37%
5 Yr N/A* -4.8% 11.1% 100.00%
10 Yr N/A* -4.6% 7.6% 100.00%

* Annualized

Total Return Ranking - Calendar

Period ARBIX Return Category Return Low Category Return High Rank in Category (%)
2021 -0.2% -31.7% 23.2% 17.35%
2020 6.2% -20.7% 10.7% 23.71%
2019 3.4% -12.4% 14.7% 40.00%
2018 0.6% -12.7% 12.9% N/A
2017 N/A -11.5% 13.2% N/A

NAV & Total Return History

ARBIX - Holdings

Concentration Analysis

ARBIX Category Low Category High ARBIX % Rank
Net Assets 733 M 105 K 12.6 B 30.77%
Number of Holdings 264 5 2526 48.08%
Net Assets in Top 10 79.7 M -619 M 6.53 B 37.50%
Weighting of Top 10 17.37% 7.6% 96.1% 82.93%

Top 10 Holdings

  1. First American Treasury Obligs X 3.78%
  2. Perficient Inc 1.25% 2.17%
  3. Perficient Inc 1.97%
  4. First Am Treas Obli-X 1.86%
  5. First Am Treas Obli-X 1.86%
  6. First Am Treas Obli-X 1.86%
  7. First Am Treas Obli-X 1.86%
  8. First Am Treas Obli-X 1.86%
  9. First Am Treas Obli-X 1.86%
  10. First Am Treas Obli-X 1.86%

Asset Allocation

Weighting Return Low Return High ARBIX % Rank
Convertible Bonds 		94.29% 0.00% 95.47% 0.96%
Cash 		48.04% -225.56% 102.75% 35.58%
Preferred Stocks 		0.00% 0.00% 5.67% 85.58%
Other 		0.00% -11.90% 43.69% 89.42%
Bonds 		-0.27% -1.04% 63.30% 97.12%
Stocks 		-42.06% -57.09% 325.56% 100.00%

ARBIX - Expenses

Operational Fees

ARBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.73% 9.52% 69.90%
Management Fee 1.20% 0.13% 1.65% 60.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.06% 0.40% N/A

Sales Fees

ARBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

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.

ARBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 30.00% 483.00% 23.60%

ARBIX - Distributions

Dividend Yield Analysis

ARBIX Category Low Category High ARBIX % Rank
Dividend Yield 0.52% 0.00% 0.75% 76.92%

Dividend Distribution Analysis

ARBIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ARBIX Category Low Category High ARBIX % Rank
Net Income Ratio 0.10% -2.49% 4.20% 26.21%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ARBIX - Fund Manager Analysis

Managers

Eric Hage

Start Date

Tenure

Tenure Rank

Aug 14, 2017

4.8

4.8%

Mr. Hage is the Chief Investment Officer of Mohican Financial Management, LLC, is responsible for managing the convertible arbitrage portfolio. Prior to founding Mohican in 2002, Mr. Hage spent several years trading and selling convertible securities for investment banks Citigroup, Bear Stearns and Smith Barney. Mr. Hage received his BS degree from Cornell University and his MBA from Columbia Business School.

Daniel Hage

Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

aniel Hage Highlights: –7 years of convertible securities experience (2 years in sales, 5 years as broker) –Developed trading ideas for clients through exhaustive review of equity and convertible research –Established strong relationships with institutional traders and convertible arbitrage managers Background: –3/00-5/02: CIBC World Markets –1/98-3/00: Fahnestock & Company –1/95-12/97: Murphy & Durieu –2/90-5/92: Time Warner Education: –University at Albany, MBA –LeMoyne College, B.S. in Business Administration

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.59 6.3 9.42

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