Water Island Event-Driven Fund Class I (AEDNX)

6.50% (1Y)

Fund Assets	109.85M
Expense Ratio	1.46%
Min. Investment	$100,000
Turnover	n/a
Dividend (ttm)	0.02
Dividend Yield	0.19%
Dividend Growth	-71.73%
Payout Frequency	n/a
Ex-Dividend Date	Dec 18, 2024

Previous Close	12.45
YTD Return	4.63%
1-Year Return	6.53%
5-Year Return	24.74%
52-Week Low	11.71
52-Week High	12.44
Beta (5Y)	n/a
Holdings	115
Inception Date	Oct 1, 2010

About AEDNX

AEDNX was founded on 2010-10-01. The Fund's investment strategy focuses on Alt Event Driven with 1.44% total expense ratio. The minimum amount to invest in Arbitrage Funds: Water Island Event-Driven Fund; Class I Shares is $100,000 on a standard taxable account. Arbitrage Funds: Water Island Event-Driven Fund; Class I Shares seeks capital growth. AEDNX employs investment strategies designed to capture price movements generated by anticipated corporate events such as investing in companies involved in mergers, acquisitions, asset sales, restructurings, refinancings, recapitalizations, reorganizations or other special situations.

• Category: Event Driven
• Stock Exchange: NASDAQ
• Ticker Symbol: AEDNX
• Share Class: Class I
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

AEDNX had a total return of 6.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.88%.

Chart

Bar chart with 6 bars.

The chart has 1 X axis displaying categories.

The chart has 1 Y axis displaying values. Data ranges from 1.468 to 6.534.

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Other Share Classes

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

Symbol	Share Class	Expense Ratio
AGEAX	Class A	1.71%
AEDFX	Class R	1.71%

Top 10 Holdings

44.40% of assets

Name	Symbol	Weight
Amedisys, Inc.	AMED	6.47%
Frontier Communications Holdings LLC	FYBR.8.75 05.15.30 144A	4.89%
Juniper Networks, Inc.	JNPR	4.48%
Hess Corporation	HES	4.32%
Everi Holdings Inc	EVRI.5 07.15.29 144A	4.25%
Skechers U.S.A., Inc.	SKX	4.17%
Dun & Bradstreet Holdings, Inc.	DNB	4.04%
Springworks Therapeutics, Inc.	SWTX	3.96%
State Street U.S. Government Money Market Portfolio	GVMXX	3.91%
Morgan Stanley & Co. LLC - Morgan Stanley Institutional Liquidity Funds - Government Portfolio	MVRXX	3.91%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2024	$0.0237	Dec 19, 2024
Dec 14, 2023	$0.08382	Dec 15, 2023
Dec 17, 2020	$0.02629	Dec 18, 2020
Dec 19, 2019	$0.04488	Dec 20, 2019
Dec 13, 2018	$0.16619	Dec 14, 2018
Dec 14, 2017	$0.0586	Dec 15, 2017