About ACFIX
Water Island Credit Opportunities Fund Institutional Class is a nontraditional bond mutual fund that employs an alternative credit-based strategy to seek both income and capital growth. Launched in 2012, the fund focuses on catalyst-driven opportunities in the fixed income market, targeting investments in bonds, bank loans, convertible securities, and preferred stocks. Its approach includes long and short positions, with techniques such as convertible arbitrage, merger arbitrage, and capital structure arbitrage used to exploit market inefficiencies. The fund’s portfolio is diversified across various sectors and is not constrained by traditional benchmarks, allowing flexibility to respond to specific events like mergers, refinancings, and regulatory changes. With a minimum investment requirement and a focus on active management, the fund is designed for institutional investors seeking differentiated returns in the credit market. Its strategy emphasizes risk management and aims to deliver performance that is less correlated to broad market movements or interest rate trends.
Fund Family Arbitrage Fund
Category Nontraditional Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol ACFIX
Share Class Class I
Index ICE BofA US 3-Month T Bill TR IX
ACFIX had a total return of 4.06% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.30%.
