Water Island Event-Driven Fund Class I (AEDNX)
| Fund Assets | 109.85M |
| Expense Ratio | 1.46% |
| Min. Investment | $100,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.02 |
| Dividend Yield | 0.20% |
| Dividend Growth | -71.73% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 12.19 |
| YTD Return | 2.10% |
| 1-Year Return | 4.50% |
| 5-Year Return | 28.74% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| 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.
Performance
AEDNX had a total return of 4.50% in the past year. Since the fund's inception, the average annual return has been 2.77%, including dividends.
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% |
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 |