Water Island Event-Driven Fund Class A (AGEAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
11.95
+0.02 (0.17%)
Feb 25, 2025, 9:34 AM EST
4.00%
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 11.93
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%
View More Holdings

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
Full Dividend History