Water Island Event-Driven Fund Class I (AEDNX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
12.46
+0.01 (0.08%)
Jul 10, 2025, 4:00 PM EDT
6.50%
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%
View More Holdings

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
Full Dividend History