The Arbitrage Credit Opportunities Fund

U.S. News evaluated 86 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 6.27 percent over the past year.

Trailing Returns Updated 06.30.2014
Year to date 1.9%
1 Year 6.3%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to provide current income and capital growth. The fund invests primarily in a portfolio of debt securities including corporate bonds and debentures (including high yield-bonds commonly known as "junk bonds"), bank loans, convertible and preferred securities that the fund's investment adviser believes have debt-like characteristics, credit default swaps and other debt instruments and derivatives that the fund's investment adviser believes have debt-like characteristics. It invests in both domestic and foreign debt securities.

Fees

Fees are Low compared to funds in the same category.
The Arbitrage Credit Opportunities Fund has an expense ratio of 1.25 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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