Water Island Event-Driven Fund R (AEDFX)
12.74
-0.01
(-0.08%)
USD |
May 19 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.71% | 49.68M | -- | 195.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -12.40M | 6.71% |
Basic Info
| Investment Strategy | |
| The Fund seeks capital growth. The Fund 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. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Event Driven |
| Peer Group | Alternative Event Driven Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Event Driven Funds |
| Fund Owner Firm Name | Arbitrage Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
57
-70.63M
Peer Group Low
49.94M
Peer Group High
1 Year
% Rank:
87
-12.40M
-41.30M
Peer Group Low
557.83M
Peer Group High
3 Months
% Rank:
70
-14.56M
Peer Group Low
155.85M
Peer Group High
3 Years
% Rank:
61
-3.503B
Peer Group Low
557.83M
Peer Group High
6 Months
% Rank:
81
-215.34M
Peer Group Low
333.40M
Peer Group High
5 Years
% Rank:
66
-3.632B
Peer Group Low
1.024B
Peer Group High
YTD
% Rank:
77
-26.49M
Peer Group Low
257.41M
Peer Group High
10 Years
% Rank:
81
-2.773B
Peer Group Low
3.190B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 20, 2026.
Asset Allocation
As of February 28, 2026.
| Type | % Net |
|---|---|
| Cash | 2.47% |
| Stock | 75.16% |
| Bond | 20.26% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 2.11% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Frontier Communications Holdings, LLC FRCOMM 05/15/2030 FIX USD Corporate 144A (Called) | 5.58% | 102.23 | 0.01% |
| Janus Henderson Group Plc | 4.74% | 51.80 | 0.01% |
| Electronic Arts, Inc. | 4.32% | 201.17 | -0.26% |
|
HOLOGIC INC ORD
|
4.20% | -- | -- |
|
EXACT SCIENCES CORP ORD
|
4.09% | -- | -- |
|
ENDEAVOR GROUP HOLDINGS INC ORD
|
3.98% | -- | -- |
| Warner Bros. Discovery, Inc. | 3.85% | 27.29 | 0.74% |
| EchoStar Corporation ECHO 6.75 11/30/2030 FIX USD Corporate | 3.76% | 101.79 | 0.16% |
| Penumbra, Inc. | 3.29% | 326.80 | 0.08% |
| Chart Industries, Inc. | 2.98% | 207.21 | 0.03% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.93% |
| Administration Fee | 1.44K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 0.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2000.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks capital growth. The Fund 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. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Event Driven |
| Peer Group | Alternative Event Driven Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Event Driven Funds |
| Fund Owner Firm Name | Arbitrage Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (5-18-26) | 0.67% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 101 |
| Stock | |
| Weighted Average PE Ratio | 31.87 |
| Weighted Average Price to Sales Ratio | 5.175 |
| Weighted Average Price to Book Ratio | 4.683 |
| Weighted Median ROE | 2.09% |
| Weighted Median ROA | 0.79% |
| ROI (TTM) | 1.89% |
| Return on Investment (TTM) | 1.89% |
| Earning Yield | 0.0543 |
| LT Debt / Shareholders Equity | 1.778 |
| Number of Equity Holdings | 59 |
| Bond | |
| Yield to Maturity (2-28-26) | 6.75% |
| Effective Duration | -- |
| Average Coupon | 6.85% |
| Calculated Average Quality | 5.209 |
| Effective Maturity | 3.154 |
| Nominal Maturity | 3.946 |
| Number of Bond Holdings | 10 |
As of February 28, 2026
Growth Metrics
| EPS Growth (1Y) | 28.10% |
| EPS Growth (3Y) | 1.33% |
| EPS Growth (5Y) | 0.02% |
| Sales Growth (1Y) | 8.17% |
| Sales Growth (3Y) | 8.66% |
| Sales Growth (5Y) | 11.97% |
| Sales per Share Growth (1Y) | 7.67% |
| Sales per Share Growth (3Y) | 7.24% |
| Operating Cash Flow - Growth Rate (3Y) | 23.44% |
As of February 28, 2026
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:AEDFX", "name") |
| Broad Asset Class: =YCI("M:AEDFX", "broad_asset_class") |
| Broad Category: =YCI("M:AEDFX", "broad_category_group") |
| Prospectus Objective: =YCI("M:AEDFX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |