Water Island Event-Driven Fund ClassR (AEDFX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
11.92
-0.01 (-0.08%)
Mar 13, 2025, 8:00 PM EST
3.65%
Fund Assets 69.60M
Expense Ratio 1.71%
Min. Investment $2,000
Turnover n/a
Dividend (ttm) 0.06
Dividend Yield 0.48%
Dividend Growth n/a
Payout Frequency n/a
Ex-Dividend Date n/a
Previous Close 11.93
YTD Return 1.88%
1-Year Return 3.91%
5-Year Return 26.67%
52-Week Low 11.31
52-Week High 12.02
Beta (5Y) 0.16
Holdings 115
Inception Date Oct 1, 2010

About AEDFX

The fund invests in equity and debt and debt-like instruments (including high yield bonds commonly known as "junk bonds") of companies whose prices the fund's investment adviser believes are or will be impacted by a corporate event. Specifically, the fund employs investment strategies designed to capture price movements generated by corporate events such as mergers, acquisitions, asset sales, restructurings, refinancings, recapitalizations, reorganizations or other special situations (referred to as "event-driven opportunities"). It is non-diversified.

Category Event Driven
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol AEDFX
Share Class Class R
Index ICE BofA US 3-Month T Bill TR IX

Performance

AEDFX had a total return of 3.91% in the past year. Since the fund's inception, the average annual return has been 2.54%, including dividends.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
AEDNX Class I 1.46%
AGEAX Class A 1.71%

Top 10 Holdings

43.89% of assets
Name Symbol Weight
Hess Corporation HES 6.01%
Amedisys, Inc. AMED 5.37%
HashiCorp, Inc. HCP 4.45%
Kellanova K 4.44%
ChampionX Corporation CHX 4.33%
State Street U.S. Government Money Market Portfolio GVMXX 4.04%
Morgan Stanley & Co. LLC - Morgan Stanley Institutional Liquidity Funds - Government Portfolio MVRXX 4.04%
Juniper Networks, Inc. JNPR 3.82%
MORGAN STANLEY PRIME BROKER US n/a 3.82%
Everi Holdings Inc EVRI 5 07.15.29 144A 3.58%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
Dec 14, 2023 $0.05624 Dec 15, 2023
Dec 19, 2019 $0.01911 Dec 20, 2019
Dec 13, 2018 $0.13867 Dec 14, 2018
Dec 14, 2017 $0.0258 Dec 15, 2017
Dec 16, 2015 $0.20271 Dec 17, 2015
Dec 9, 2014 $0.2391 Dec 10, 2014
Full Dividend History