Nasdaq - Delayed Quote • USD
Water Island Event-Driven Fund I (AEDNX)
At close: 8:00 PM EDT
Fund Summary
The fund invests in equity and debt and debt-like instruments (including high yield bonds commonly known as "junk bonds") of companies whose prices the fund's investment adviser believes are or will be impacted by a corporate event. Specifically, the fund employs investment strategies designed to capture price movements generated by corporate events such as mergers, acquisitions, asset sales, restructurings, refinancings, recapitalizations, reorganizations or other special situations (referred to as "event-driven opportunities"). It is non-diversified.
Risk Overview
| Morningstar Risk Rating | |
| Best 1Y Total Return | 13.42% |
| Worst 1Y Total Return | -- |
| Number of Years Up | 9 |
| Number of Years Down | 4 |
Performance & Risk
| YTD Return | -1.55% |
| 5y Average Return | 3.77% |
| Rank in Category (ytd) | 84 |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.13 |
| Morningstar Risk Rating |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| AEDNX | Category Average | AEDNX | Category Average | AEDNX | Category Average | |
| Alpha | -2.17 | 0.01 | 0.6 | 0 | -0.54 | 0.01 |
| BETA | 0.13 | 0 | 0.17 | 0 | 0.17 | 0 |
| Mean Annual Return | 0.12 | 0.01 | 0.37 | 0 | 0.19 | 0 |
| R-squared | 26.38 | 0.52 | 40.99 | 0.46 | 37.72 | 0.51 |
| Standard Deviation | 4.34 | 0.07 | 4.77 | 0.06 | 4.14 | 0.06 |
| Sharpe Ratio | -0.35 | 0.01 | 0.48 | 0.01 | 0.2 | 0.01 |
| Treynor Ratio | -12.26 | 0.22 | 13.05 | 0.16 | 4.39 | 0.14 |
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