The Arbitrage Funds (EVNT)
- Expense ratio1.27%
- Net assets$13.1M
- Dividend yield0.40%
- 1-year return+8.06%
- Holdings60
EVNT ETF price chart
EVNT quote & trading statistics
EVNT performance
Annual returns & drawdowns →- YTD+6.51%
- 1 year+8.06%
- 3 years+10.85%/yr
- 5 years+5.29%/yr
- 10 years+6.94%/yr
- 1Y volatility
- 2.65%
- 3Y volatility
- 5.51%
- 3Y Sharpe ratio
- 1.02
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
EVNT top 10 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | RAMP | Liveramp Holdings Inc | 4.43% |
| 2 | PNM | PNM Resources Inc | 3.98% |
| 3 | CZR | Caesars Entertainment Corporation | 3.43% |
| 4 | WBD | Warner Bros Discovery Inc | 3.39% |
| 5 | DKS | Dick’s Sporting Goods Inc | 3.19% |
| 6 | PEN | Penumbra Inc | 2.48% |
| 7 | BLFS | BioLife Solutions Inc | 2.40% |
| 8 | ACA | Arcosa Inc | 2.29% |
| 9 | ESI | Element Solutions Inc | 2.17% |
| 10 | ROKU | Roku Inc | 2.14% |
The top 10 holdings make up 29.9% of the fund (60 holdings in total). As of October 25, 2026.
About The Arbitrage Funds
To pursue the fund's investment objective, the adviser employs a long/short event-driven strategy, which seeks to profit by investing, long and/or short, in the equity and debt securities of companies whose prices Water Island Capital, LLC (the adviser) believes are or will be impacted by a publicly announced or anticipated corporate event. The adviser will hold a higher percentage of the fund's assets in long positions. The fund is non-diversified.
EVNT ETF FAQ
What is the EVNT expense ratio?
The Arbitrage Funds has a net expense ratio of 1.27%, or $127.00 a year for every $10,000 invested.
How much money is in EVNT?
The Arbitrage Funds has about $13.1M in net assets.
What are the top holdings of EVNT?
The largest positions in EVNT are Liveramp Holdings Inc (4.43%), PNM Resources Inc (3.98%), Caesars Entertainment Corporation (3.43%). The fund holds 60 securities in total.
How has EVNT performed?
EVNT returned +8.06% over the past year and +5.29% a year over the past five years, including reinvested distributions.
Does EVNT pay dividends?
EVNT has a dividend yield of 0.40%.
When was EVNT launched?
The Arbitrage Funds began trading on December 31, 2014.