Water Island Event-Driven Fund 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 | 12.39 |
| YTD Return | 5.72% |
| 1-Year Return | 5.54% |
| 5-Year Return | 22.32% |
| 52-Week Low | 11.55 |
| 52-Week High | 12.40 |
| 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.
Performance
AGEAX had a total return of 5.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.98%.
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% |
| Hydraulic Elements and Systems AD | 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 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 |