Water Island Credit Opportunities C
Name
As of 04/27/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 04/27/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameWater Island Credit Opportunities Fund
-
Fund Family NameArbitrage Fund
-
Inception DateOct 01, 2012
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGregory 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
- ADESTO TECHNOLOGIES CORP 4.25% 4.63%
- Orbcomm Inc 8% 4.62%
- QEP Resources Inc 6.88% 4.37%
- EIG Investors Corporation 10.88% 4.27%
- HILLMAN GROUP INC 6.38% 4.17%
- Capitol Investment Merger Sub 2 LLC 10% 3.76%
- ON Semiconductor Corp. 1% 3.65%
- United States Treasury Bonds 2% 3.43%
- Stars Group Holdings BV / Stars Group (US) Co-Borrower LLC 7% 3.42%
- 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
Date | Amount | Type |
---|---|---|
Apr 01, 2019 | $0.018 | |
Mar 01, 2019 | $0.020 | |
Feb 01, 2019 | $0.024 | |
Jan 02, 2019 | $0.020 | |
Dec 03, 2018 | $0.022 | |
Nov 01, 2018 | $0.024 | |
Sep 04, 2018 | $0.026 | |
Aug 01, 2018 | $0.013 | |
Jul 02, 2018 | $0.010 | |
Jun 01, 2018 | $0.007 | |
May 01, 2018 | $0.012 | |
Apr 02, 2018 | $0.005 | |
Mar 01, 2018 | $0.009 | |
Feb 01, 2018 | $0.008 | |
Jan 02, 2018 | $0.006 | |
Dec 01, 2017 | $0.005 | |
Nov 01, 2017 | $0.019 | |
Oct 02, 2017 | $0.015 | |
Sep 01, 2017 | $0.016 | |
Aug 01, 2017 | $0.011 | |
Jul 03, 2017 | $0.009 | |
May 31, 2017 | $0.017 | |
Apr 28, 2017 | $0.026 | |
Mar 31, 2017 | $0.008 | |
Mar 17, 2017 | $0.016 | |
Dec 16, 2016 | $0.069 | |
Sep 16, 2016 | $0.014 | |
Jun 17, 2016 | $0.015 | |
Dec 17, 2015 | $0.094 | |
Sep 18, 2015 | $0.032 | |
Jun 19, 2015 | $0.080 | |
Mar 20, 2015 | $0.019 | |
Dec 10, 2014 | $0.073 | |
Sep 19, 2014 | $0.049 | |
Jun 20, 2014 | $0.122 | |
Mar 20, 2014 | $0.060 | |
Dec 19, 2013 | $0.082 | |
Sep 19, 2013 | $0.081 | |
Jun 19, 2013 | $0.169 | |
Mar 20, 2013 | $0.020 | |
Dec 19, 2012 | $0.011 |
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 |