AEFCX Performance — Water Island Event-Driven Fund, Class C
Data updated: 2026-09-25
AEFCX returned +18.31% over one year to Mar 2021. Over one year the fund trailed its Thematic Equity category average: $100 grew to $118, against $170 for the category. Volatility over the past 12 months was 5.17% a year. In the 12 months to May 2026 the fund lost a net $11.9M, and assets reached $50.07M.
AEFCX 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 | AEFCX | Category average |
|---|---|---|
| 1 year (Apr 2020 – Mar 2021) | $118 | $170 |
| Since data start (Sep 2019 – Mar 2021) | $116 | $154 |
AEFCX Trailing Returns
Total returns to Mar 2021, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +18.31% |
AEFCX 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 |
|---|---|
| 2021 (Jan–Mar) | +2.16% |
| 2020 | +12.26% |
| 2019 (Sep–Dec) | +1.38% |
AEFCX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | +1.2% | +0.6% | +0.4% | — | — | — | — | — | — | — | — | — |
| 2020 | +0.2% | −0.5% | −2.8% | +5.2% | +0.7% | +0.2% | +0.7% | +1.4% | +0.6% | +0.4% | +2.5% | +3.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.2% | +0.3% | +0.5% | +0.7% |
AEFCX Risk
Risk measures from monthly returns over Apr 2020 – Mar 2021.
- 1-year volatility (annualised): 5.17%
- Best month: +5.23% (Apr 2020)
- Worst month: +0.21% (Jun 2020)
AEFCX 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 |
AEFCX 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.