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Trending ETFs

Name

As of 04/27/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.14

$99.9 M

1.68%

$0.04

2.71%

Vitals

YTD Return

1.0%

1 yr return

13.0%

3 Yr Avg Return

3.5%

5 Yr Avg Return

3.0%

Net Assets

$99.9 M

Holdings in Top 10

31.7%

52 WEEK LOW AND HIGH

$10.1
$9.35
$10.14

Expenses

OPERATING FEES

Expense Ratio 2.71%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 175.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$2,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/27/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.14

$99.9 M

1.68%

$0.04

2.71%

ARCCX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.65%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Water Island Credit Opportunities Fund
  • Fund Family Name
    Arbitrage Fund
  • Inception Date
    Oct 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gregory Loprete

Fund Description


ARCCX - Performance

Return Ranking - Trailing

Period ARCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -5.7% 8.2% 66.67%
1 Yr 13.0% -10.9% 48.3% 82.22%
3 Yr 3.5%* -4.8% 10.4% 60.00%
5 Yr 3.0%* 2.1% 7.5% 85.00%
10 Yr N/A* 2.4% 5.0% N/A

* Annualized

Return Ranking - Calendar

Period ARCCX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -5.8% 15.2% 13.64%
2022 2.0% -2.9% 18.1% 86.36%
2021 -1.0% -17.9% 3.4% 12.82%
2020 -1.1% -1.5% 9.3% 73.33%
2019 2.6% -2.1% 5.5% 55.56%

Total Return Ranking - Trailing

Period ARCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -5.7% 8.2% 66.67%
1 Yr 12.0% -16.1% 48.3% 71.11%
3 Yr 3.5%* -6.6% 10.4% 51.11%
5 Yr 3.0%* 2.1% 7.5% 82.50%
10 Yr N/A* 2.4% 5.0% N/A

* Annualized

Total Return Ranking - Calendar

Period ARCCX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -5.8% 15.2% 13.64%
2022 2.0% -2.9% 18.1% 90.91%
2021 -1.0% -17.9% 5.2% 15.38%
2020 -1.0% -1.5% 11.5% 73.33%
2019 3.7% 0.1% 8.3% 66.67%

NAV & Total Return History


ARCCX - Holdings

Concentration Analysis

ARCCX Category Low Category High ARCCX % Rank
Net Assets 99.9 M 12.2 M 1.57 B 64.44%
Number of Holdings 96 2 1315 75.56%
Net Assets in Top 10 27.4 M 3.35 M 282 M 57.78%
Weighting of Top 10 31.67% 15.0% 100.0% 52.27%

Top 10 Holdings

  1. ADESTO TECHNOLOGIES CORP 4.25% 4.63%
  2. Orbcomm Inc 8% 4.62%
  3. QEP Resources Inc 6.88% 4.37%
  4. EIG Investors Corporation 10.88% 4.27%
  5. HILLMAN GROUP INC 6.38% 4.17%
  6. Capitol Investment Merger Sub 2 LLC 10% 3.76%
  7. ON Semiconductor Corp. 1% 3.65%
  8. United States Treasury Bonds 2% 3.43%
  9. Stars Group Holdings BV / Stars Group (US) Co-Borrower LLC 7% 3.42%
  10. T-Mobile USA, Inc. 6% 3.41%

Asset Allocation

Weighting Return Low Return High ARCCX % Rank
Bonds
66.77% 0.00% 105.73% 51.11%
Cash
26.54% -30.66% 77.46% 48.89%
Convertible Bonds
21.31% 0.00% 21.31% 6.67%
Preferred Stocks
0.00% 0.00% 4.47% 68.89%
Other
0.00% -8.47% 53.35% 51.11%
Stocks
-14.61% -14.61% 27.21% 97.78%

Bond Sector Breakdown

Weighting Return Low Return High ARCCX % Rank
Corporate
77.47% 0.00% 85.21% 15.56%
Cash & Equivalents
22.53% 0.00% 100.00% 48.89%
Derivative
0.00% 0.00% 30.16% 77.78%
Securitized
0.00% 0.00% 50.06% 84.44%
Municipal
0.00% 0.00% 50.93% 68.89%
Government
0.00% 0.00% 13.93% 88.89%

Bond Geographic Breakdown

Weighting Return Low Return High ARCCX % Rank
US
58.96% 0.00% 103.07% 42.22%
Non US
7.81% 0.00% 38.81% 88.89%

ARCCX - Expenses

Operational Fees

ARCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.71% 0.90% 5.69% 36.36%
Management Fee 0.95% 0.00% 1.70% 17.78%
12b-1 Fee 1.00% 0.00% 1.00% 81.48%
Administrative Fee N/A 0.06% 0.45% 11.75%

Sales Fees

ARCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.25% 5.75% 84.43%
Deferred Load 1.00% 1.00% 1.00% 42.86%

Trading Fees

ARCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ARCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 175.00% 0.00% 277.00% 55.00%

ARCCX - Distributions

Dividend Yield Analysis

ARCCX Category Low Category High ARCCX % Rank
Dividend Yield 1.68% 0.00% 3.11% 46.67%

Dividend Distribution Analysis

ARCCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

ARCCX Category Low Category High ARCCX % Rank
Net Income Ratio 1.65% -1.06% 5.71% 79.55%

Capital Gain Distribution Analysis

ARCCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

ARCCX - Fund Manager Analysis

Managers

Gregory Loprete


Start Date

Tenure

Tenure Rank

Oct 01, 2012

8.5

8.5%

Gregory(Gregg) Loprete joined Water Island Capital in 2009 and currently serves as a portfolio manager. He is primarily responsible for management of the firm’s convertible and fixed income investments. Prior to joining Water Island Capital, Mr. Loprete worked at Keefe, Bruyette & Woods as a Convertible and Preferred Trader where he evaluated, implemented and managed convertible and capital structure investments. From 2007-2008, Mr. Loprete was a Director in the Convertible Arbitrage Group at Ramius Capital Group, LLC. At Ramius Mr. Loprete also served as co-manager and trader. From 2003 to 2007, Mr. Loprete was a Senior Convertible Analyst and Convertible Banking Liaison at SG Cowen & Company. Mr. Loprete received a Masters of Business Administration degree in Finance from New York University in 1993 and a Bachelors degree from the University of Delaware in 1987 — with a major in English Literature with a minor in Economics.

John Orrico


Start Date

Tenure

Tenure Rank

Jan 31, 2018

3.16

3.2%

John Orrico, CFA, serves as Chief Investment Officer of t Water Island Capital, LLC. Prior to organizing Water Island in January 2000, Mr. Orrico assisted in the management of private trusts and entities employing merger arbitrage strategies. Mr. Orrico received a Bachelor's degree from Georgetown University in 1982 – with a double major in Finance and International Management. He received the Chartered Financial Analyst designation in 1988.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 9.59 4.45 3.51