AEDFX — Water Island Event-Driven Fund
Data updated: 2026-07-07
AEDFX — Water Island Event-Driven Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Thematic Equity · $50.07M AUM · 1.71% expense ratio · 7.4% 1-yr return. From SEC regulatory filings.
AEDFX Fund Overview
AEDFX — Water Island Event-Driven Fund is a US mutual fund managed by Arbitrage Funds, categorised as United States Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Arbitrage Funds
- Category: United States Thematic Equity
- Assets under management: $50.07M
- 1-year return: 7.4%
- Ticker: AEDFX
- SEC CIK: 0001105076
- SEC series ID: S000030113
- Share class ID: C000092484
AEDFX Holdings
Top 10 holdings of Water Island Event-Driven Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Morgan Stanley Prime Broker US | 15.67% |
| Janus Henderson Group PLC | 4.71% |
| Electronic Arts Inc | 4.61% |
| Endeavor Group Holdings Inc | 4.07% |
| Warner Bros Discovery Inc | 3.99% |
| Chart Industries Inc | 3.99% |
| Penumbra Inc | 3.85% |
| Echostar Corp. | 3.79% |
| Caesars Entertainment Inc | 3.73% |
| LiveRamp Holdings Inc | 3.47% |
AEDFX Portfolio Allocation
Asset-class allocation of Water Island Event-Driven Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 86.2% |
| Other | 15.7% |
| Fixed Income | 13.9% |
| Loans | 2.0% |
| Derivatives | 0.5% |
AEDFX Performance
Total returns for AEDFX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.8% |
| 1 year | 7.4% |
| 3 years (annualised) | 6.7% |
| 5 years (annualised) | 2.7% |
AEDFX Risk Information
Risk metrics for AEDFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.9%
AEDFX Costs and Fees
AEDFX costs about $171 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.71%
- Gross expense ratio: 1.88%
- Portfolio turnover: 195%
- Brokerage commissions: 22.69 bps of average net assets (SEC N-CEN)
AEDFX Cashflows
Over the 12 months to 2026-02, Water Island Event-Driven Fund had net outflows of $22.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$253.72K |
| 2026-01 | −$65.74K |
| 2025-12 | −$6.68M |
| 2025-11 | −$2.20M |
| 2025-10 | −$1.46M |
| 2025-09 | −$497.71K |
AEDFX Debt Constituents
Largest debt holdings of Water Island Event-Driven Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Echostar Corp. | 3.79% |
| Chart Industries, Inc. | 2.07% |
| Ncr Atleos LLC | 1.84% |
| Bausch + Lomb Corp. | 1.63% |
| Kennedy-Wilson, Inc. | 1.62% |
| Rapid7, Inc. | 1.27% |
| Iheartcommunications, Inc. | 0.73% |
| Iheartcommunications, Inc. | 0.56% |
| Gladstone Capital Corp. | 0.44% |
AEDFX Prospectus and SEC Filings
Official Water Island Event-Driven Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Thematic Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.