The Arbitrage Fund Class C (ARBCX) is a mutual fund that seeks to generate returns by taking advantage of price discrepancies in the market. This fund typically invests in a combination of stocks, bonds, and other securities, and uses various arbitrage strategies to capitalize on market inefficiencies. As a Class C fund, it may have higher fees and expenses compared to other classes of the same fund, but may also offer potential for higher returns. Investors in this fund should be aware of the risks associated with arbitrage investing, including market volatility and potential losses.