AEDFX Performance — Water Island Event-Driven Fund, Class R
Data updated: 2026-09-25
AEDFX returned +1.82% year to date and +7.35% over one year to May 2026. Annualised returns are +6.66% over 3 years and +2.71% over 5 years. The fund trailed its Thematic Equity category average: $100 invested three years ago grew to $121, against $175 for the category, and to $107 over one year, against $125. Volatility over the past three years was 2.92% a year. In the 12 months to May 2026 the fund lost a net $11.9M, and assets reached $50.07M.
AEDFX Growth of $100
What $100 invested in Water Island Event-Driven Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Thematic Equity category average over the same months.
| Period | AEDFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $125 |
| 3 years (Jun 2023 – May 2026) | $121 | $175 |
| 5 years (Jun 2021 – May 2026) | $114 | $149 |
| Since data start (Sep 2019 – May 2026) | $137 | $237 |
AEDFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.82% |
| 1 year | +7.35% |
| 3 years (annualised) | +6.66% |
| 5 years (annualised) | +2.71% |
AEDFX Annual Returns
Calendar-year total returns of Water Island Event-Driven Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.82% |
| 2025 | +8.41% |
| 2024 | +1.90% |
| 2023 | +5.61% |
| 2022 | −0.82% |
| 2021 | +0.91% |
| 2020 | +13.02% |
| 2019 (Sep–Dec) | +1.67% |
AEDFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +0.9% | −0.5% | +1.1% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +1.1% | +1.4% | −0.1% | −0.2% | +0.7% | +1.3% | +1.1% | +0.4% | +0.6% | +0.2% | +1.0% | +0.7% |
| 2024 | −0.7% | 0.0% | +0.7% | −1.4% | +0.4% | +0.7% | +2.4% | +0.3% | −0.3% | +0.4% | −0.2% | −0.3% |
| 2023 | +0.2% | −0.1% | +0.3% | +0.1% | −2.5% | +1.6% | +1.7% | +1.1% | +0.3% | −0.7% | +2.5% | +1.3% |
| 2022 | −1.1% | +0.2% | +0.7% | −0.8% | −0.8% | −1.8% | +1.8% | +0.4% | −0.6% | +1.8% | −0.8% | +0.4% |
| 2021 | +1.3% | +0.6% | +0.4% | +1.0% | +0.6% | −1.0% | −2.8% | +0.7% | +0.4% | +0.5% | −2.1% | +1.1% |
| 2020 | +0.3% | −0.5% | −2.7% | +5.2% | +0.8% | +0.3% | +0.7% | +1.5% | +0.7% | +0.5% | +2.5% | +3.2% |
| 2019 | — | — | — | — | — | — | — | — | −0.2% | +0.4% | +0.6% | +0.8% |
AEDFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 2.92%
- 3-year Sharpe ratio: 0.74 (vs 4.5% risk-free rate)
- Best month: +2.51% (Nov 2023)
- Worst month: −1.39% (Apr 2024)
AEDFX Fund Flows
Monthly money in and out of Water Island Event-Driven Fund, from SEC Form N-PORT.
- 12-month net flow: −$11.9M
- 12-month gross sales (incl. reinvestments): $1.6M
- Sales ÷ redemptions: 0.12×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $128K | $314K | −$186K |
| Apr 2026 | $44K | $215K | −$171K |
| Mar 2026 | $102K | $285K | −$183K |
| Feb 2026 | $72K | $326K | −$254K |
| Jan 2026 | $47K | $113K | −$66K |
| Dec 2025 | $696K | $7.4M | −$6.7M |
| Nov 2025 | $12K | $2.2M | −$2.2M |
| Oct 2025 | $114K | $1.6M | −$1.5M |
| Sep 2025 | $69K | $566K | −$498K |
| Aug 2025 | $92K | $169K | −$77K |
| Jul 2025 | $184K | $230K | −$46K |
| Jun 2025 | $37K | $140K | −$103K |
AEDFX Assets Under Management
Net assets of Water Island Event-Driven Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $50.07M |
| 2026-02-28 | $50.13M |
| 2025-11-30 | $56.73M |
| 2025-08-31 | $59.87M |
| 2025-05-31 | $58.32M |
| 2025-02-28 | $69.60M |
| 2024-11-30 | $68.34M |
| 2024-08-31 | $70.65M |
| 2024-05-31 | $80.35M |
| 2024-02-29 | $110.05M |
| 2023-11-30 | $111.55M |
| 2023-08-31 | $111.85M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.