Morningstar

Water Island Event-Driven Fund ClassR AEDFX

Rating as of Sep 30, 2026 See Arbitrage Fund Investment Hub

NAV / 1-Day Return $13.29 / +0.23 %
Fund Size $63.3M
Adjusted Expense Ratio 1.700%
Net Expense Ratio —
Fee Level: Distribution High
Share Class Type Retirement, Medium
Morningstar Category Event Driven
Alternative Style Box (Funds) Low/Low
Minimum Initial Investment $2,000
Investment Status Open
TTM Yield 0.65%
Turnover Ratio 255%

NAV and 1-Day Return as of Oct 26, 2026, 10:03:17 PM

There is no Morningstar’s Analysis data available.

Portfolio Holdings AEDFX

More AEDFX Holdings

Current Portfolio Date Aug 31, 2026
Equity Holdings —
Bond Holdings —
Other Holdings —
% Assets in Top 10 Holdings 25.2

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Morgan Stanley Prime Broker Us	7.50	4M	Cash and Equivalents
TXNM Energy Inc	4.07	2M	Utilities
Endeavor Group Holdings Inc Class A	4.03	2M	Communication Services
EchoStar Corp. 6.75%	3.65	2M	Corporate
Caesars Entertainment Inc	3.58	2M	Consumer Cyclical
Warner Bros. Discovery Inc Ordinary Shares - Class A	3.46	2M	Communication Services
Dick's Sporting Goods Inc	3.13	2M	Consumer Cyclical
LiveRamp Holdings Inc	2.79	1M	Technology
Penumbra Inc	2.75	1M	Healthcare
Schroders PLC	2.46	1M	Financial Services

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