- What does AEDFX invest in?
- This fund invests in a variety of financial instruments, including stocks, bonds, and other debt-like assets, such as high-yield debt often referred to as "junk bonds." Its core strategy involves targeting companies whose market prices are expected to be affected by specific corporate actions, as identified by the fund's investment adviser. The fund's approach aims to profit from the price movements generated by these "event-driven opportunities," which encompass occurrences like corporate takeovers, consolidations, asset divestitures, financial restructuring, debt refinancing, capital adjustments, business reorganizations, and other unique situations. It operates with a concentrated portfolio rather than a broadly diversified one.
- What is the expense ratio of AEDFX?
- Water Island Diversified Event-Driven Fund Class R (AEDFX) charges an expense ratio of 1.71%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is AEDFX?
- Water Island Diversified Event-Driven Fund Class R (AEDFX) manages $51.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is AEDFX actively managed or an index fund?
- AEDFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was AEDFX launched?
- Water Island Diversified Event-Driven Fund Class R (AEDFX) launched in October 2010 and is managed by the fund issuer.
- How has AEDFX performed?
- AEDFX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
