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Water Island Diversified Event-driven Fund Class R: (MF: AEDFX)

(NASDAQ Mutual Funds) As of Aug 28, 2026 06:08 PM ET

$13.18 USD

-0.04 (-0.30%)

Zacks MF Rank

This is our Mutual Fund rating system that serves as a timeliness indicator for Mutual Fund's over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

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5-Strong Sell of 5         5

View All Zacks Mutual Fund Rank #1's

Latest Performance as of Jul 31, 2026

Total Return %* Percentile Rank Objective
YTD 4.20 73
3 months 2.57 64
6 months 4.11 73
1 Year 7.20 76
3 Year 6.35 93
5 Year 3.97 84
10 Year 4.16 98

* Annual for three years and beyond.

Bull Market (9/02 - 10/07) NA
Bear Market (10/07 - 2/09) NA
Bull Market (2/09 - 3/21) NA

Load Adjusted Returns as of Jul 31, 2026

1 Year 8.26
5 Year 3.35
10 Year 4.21
Since Inception 2.87

Quarterly Return

1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr.
2026 0.47 3.54 NA NA
2025 2.38 1.74 2.12 1.89
2024 0.00 -0.34 2.35 -0.08
2023 0.36 -0.91 3.03 3.08
2022 -0.18 -3.44 1.50 1.38
2021 2.37 0.62 -1.59 -0.45

Annual Return

20262025202420232022202120202019201820172016
% Total Return 4.198.401.915.63-0.810.9113.014.51-0.333.675.05
% Total Return Rel to Index -6.16-9.81-23.11-20.6117.38-27.76-5.38-26.974.05-18.12-6.88
% Total Return Rel to Peer -5.92-4.30-17.48-17.3618.88-21.14-6.90-23.906.52-17.00-2.76
% Perf Quintile vs Peer* 5.004.005.005.001.005.004.005.001.005.004.00
% Dividends 0.000.080.000.050.000.000.000.010.130.020.00
% Yield 0.000.640.000.700.000.000.000.181.400.250.00
Capital Gains ($) 0.000.000.000.000.000.000.000.000.000.000.00
Expense Ratio 0.001.701.721.701.801.891.832.182.162.262.46

* 1 = Top 20%, 5 = Bottom 20%