Water Island Event-Driven Fund Class A (AGEAX)

Fund Assets	109.85M
Expense Ratio	1.71%
Min. Investment	$2,000
Turnover	n/a
Dividend (ttm)	0.05
Dividend Yield	0.44%
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	11.91
YTD Return	1.96%
1-Year Return	4.00%
5-Year Return	29.96%
52-Week Low	n/a
52-Week High	n/a
Beta (5Y)	n/a
Holdings	115
Inception Date	May 31, 2013

About AGEAX

AGEAX was founded on 2013-05-31. The Fund's investment strategy focuses on Alt Event Driven with 1.69% total expense ratio. The minimum amount to invest in Arbitrage Funds: Water Island Event-Driven Fund; Class A Shares is $2,000 on a standard taxable account. Arbitrage Funds: Water Island Event-Driven Fund; Class A Shares seeks capital growth. AGEAX 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
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: AGEAX
• Share Class: Class A
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

AGEAX had a total return of 4.00% in the past year. Since the fund's inception, the average annual return has been 1.73%, 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%
AEDFX	Class R	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%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 14, 2023	$0.05251	Dec 15, 2023
Dec 17, 2020	$0.01453	Dec 18, 2020
Dec 19, 2019	$0.02084	Dec 20, 2019
Dec 13, 2018	$0.14493	Dec 14, 2018
Dec 14, 2017	$0.0288	Dec 15, 2017
Dec 16, 2015	$0.20403	Dec 17, 2015