Water Island Event-Driven Fund ClassR (AEDFX)
NASDAQ · Mutual Fund · Delayed Price · Currency is USD
12.62
-0.02 (-0.16%)
Feb 4, 2026, 8:05 AM EST
6.59% (1Y)
| Fund Assets | 49.96M |
| Expense Ratio | 1.71% |
| Min. Investment | $2,000 |
| Turnover | 195.00% |
| Dividend (ttm) | 0.09 |
| Dividend Yield | 0.68% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 18, 2025 |
| Previous Close | 12.64 |
| YTD Return | -0.08% |
| 1-Year Return | 7.32% |
| 5-Year Return | 14.21% |
| 52-Week Low | 11.70 |
| 52-Week High | 12.67 |
| Beta (5Y) | 0.11 |
| Holdings | 152 |
| 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.
Fund Family Arbitrage Fund
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 7.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.01%.
Top 10 Holdings
43.44% of assets| Name | Symbol | Weight |
|---|---|---|
| MORGAN STANLEY PRIME BROKER US | n/a | 9.56% |
| Frontier Communications Holdings LLC | FYBR.8.75 05.15.30 144A | 5.00% |
| CyberArk Software Ltd. | CYBR | 4.86% |
| Electronic Arts Inc. | EA | 3.96% |
| Morgan Stanley & Co. LLC - Morgan Stanley Institutional Liquidity Funds - Government Portfolio | MVRXX | 3.57% |
| State Street U.S. Government Money Market Portfolio | GVMXX | 3.57% |
| Endeavor Group Holdings, Inc. | EDR | 3.43% |
| EchoStar Corp | SATS.6.75 11.30.30 | 3.40% |
| TXNM Energy, Inc. | TXNM | 3.17% |
| Chart Industries, Inc. | GTLS | 2.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2025 | $0.08593 | Dec 19, 2025 |
| 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 |