# EDGAR Filing Document

**Accession Number:** 0001105076
**File Stem:** 0001752724-25-203040
**Filing Date:** 2025-8
**Character Count:** 4499
**Document Hash:** 03ee86cc31d09e9bfa703195b2374e63
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203040.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-203040

**CONFORMED SUBMISSION TYPE**: 24F-2NT

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**EFFECTIVENESS DATE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARBITRAGE FUNDS
- **CENTRAL INDEX KEY:** 0001105076

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 24F-2NT
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-30470
- **FILM NUMBER:** 251251793

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WATER ISLAND CAPITAL, LLC
- **STREET 2:** 104 FIFTH AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011
- **BUSINESS PHONE:** 800-560-8210

**MAIL ADDRESS:**
- **STREET 1:** C/O WATER ISLAND CAPITAL, LLC
- **STREET 2:** 104 FIFTH AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011

## Series and Classes Contracts Data

### ARBITRAGE FUND (Series ID: S000006440)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class R    | ARBFX         | C000017637 |
| Class I    | ARBNX         | C000017638 |
| Class C    | ARBCX         | C000115401 |
| Class A    | ARGAX         | C000127228 |

---

### WATER ISLAND EVENT-DRIVEN FUND (Series ID: S000030113)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class R    | AEDFX         | C000092484 |
| Class I    | AEDNX         | C000092485 |
| Class A    | AGEAX         | C000127229 |

---

### WATER ISLAND CREDIT OPPORTUNITIES FUND (Series ID: S000039281)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class R    | ARCFX         | C000120977 |
| Class I    | ACFIX         | C000120978 |
| Class A    | AGCAX         | C000127230 |

---

## Series and Classes Contracts Data

### ARBITRAGE FUND (Series ID: S000006440)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017637 | Class R      | ARBFX           |
| C000017638 | Class I      | ARBNX           |
| C000115401 | Class C      | ARBCX           |
| C000127228 | Class A      | ARGAX           |

### WATER ISLAND EVENT-DRIVEN FUND (Series ID: S000030113)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000092484 | Class R      | AEDFX           |
| C000092485 | Class I      | AEDNX           |
| C000127229 | Class A      | AGEAX           |

### WATER ISLAND CREDIT OPPORTUNITIES FUND (Series ID: S000039281)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000120977 | Class R      | ARCFX           |
| C000120978 | Class I      | ACFIX           |
| C000127230 | Class A      | AGCAX           |

## FORM 24F-2NT: Annual Notice of Securities Sold Pursuant to Rule 24f-2

### 24F-2NT: Filer Information

**Filer CIK:** 0001105076

**Is this a LIVE or TEST Filing?:** LIVE

**Filer Investment Company Type:** N-1A

### 24F-2NT: Annual Filing Information

**1. Name and address of issuer:**

- **Name of Issuer:** ARBITRAGE FUNDS

- **Address:** 104 Fifth Avenue, New York, NY 10011

**2. The Name and EDGAR Identifier of each series or class of securities for which this Form is filed:**

- [ ] Check box if the Form is being filed for all series and classes of the issuer.

**3. Investment Company Act File Number:** 811-09815

   **Securities Act File Number:** 333-30470

**4(a). Last day of fiscal year for which this Form is filed:** 05/31/2025

**4(b). Check box if this Form is being filed late:** [ ]

**4(c). Check box if this is the last time the issuer will be filing this Form:** [ ]

**5. Calculation of registration fee:**

- **(i) Aggregate sale price of securities sold during the fiscal year:** $242972842.00

- **(ii) Aggregate price of securities redeemed or repurchased during the fiscal year:** $509378992.00

- **(iii) Aggregate price of securities redeemed or repurchased during any prior fiscal year:** $1886430756.00

- **(iv) Total available redemption credits [add Items 5(ii) and 5(iii)]:** $2395809748.00

- **(v) Net sales:** $0.00

- **(vi) Redemption credits available for use in future years:** $-2152836906.00

- **(vii) Multiplier for determining registration fee:** 0.0001531

- **(viii) Registration fee due:** $0.00

**Signatures**

**Name and Title:** Treasurer

**Date:** 08/21/2025

**Signature:** Jonathon Hickey