ACFIX — Water Island Credit Opportunities Fund
Data updated: 2026-07-07
ACFIX — Water Island Credit Opportunities Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Short Corporate Bond · $168.86M AUM · 1.01% expense ratio · 4.7% 1-yr return. From SEC regulatory filings.
ACFIX Fund Overview
ACFIX — Water Island Credit Opportunities Fund is a US mutual fund managed by Arbitrage Funds, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Arbitrage Funds
- Category: Short Corporate Bond
- Assets under management: $168.86M
- 1-year return: 4.7%
- Ticker: ACFIX
- SEC CIK: 0001105076
- SEC series ID: S000039281
- Share class ID: C000120978
ACFIX Holdings
Top 10 holdings of Water Island Credit Opportunities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street Global Advisors | 11.83% |
| Morgan Stanley & Co. LLC | 11.83% |
| Morgan Stanley Prime Broker US | 8.16% |
| Txnm Energy, Inc. | 4.80% |
| Chart Industries, Inc. | 3.77% |
| Dish Dbs Corp. | 3.68% |
| Ncr Atleos LLC | 3.47% |
| Carvana Co. | 3.27% |
| Olaplex Inc | 3.15% |
| Echostar Corp. | 3.08% |
ACFIX Portfolio Allocation
Asset-class allocation of Water Island Credit Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 72.0% |
| Cash & Equivalents | 23.7% |
| Other | 8.8% |
| Loans | 5.9% |
ACFIX Performance
Total returns for ACFIX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.2% |
| 1 year | 4.7% |
| 3 years (annualised) | 5.7% |
| 5 years (annualised) | 3.7% |
ACFIX Risk Information
Risk metrics for ACFIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.6%
ACFIX Costs and Fees
ACFIX costs about $101 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.01%
- Gross expense ratio: 1.38%
- Portfolio turnover: 132%
- Brokerage commissions: 2.65 bps of average net assets (SEC N-CEN)
ACFIX Cashflows
Over the 12 months to 2026-02, Water Island Credit Opportunities Fund had net inflows of $15.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$4.61M |
| 2026-01 | −$1.18M |
| 2025-12 | −$213.74K |
| 2025-11 | −$3.95M |
| 2025-10 | −$1.25M |
| 2025-09 | $804.77K |
ACFIX Debt Constituents
Largest debt holdings of Water Island Credit Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Txnm Energy, Inc. | 4.80% |
| Chart Industries, Inc. | 3.77% |
| Dish Dbs Corp. | 3.68% |
| Ncr Atleos LLC | 3.47% |
| Carvana Co. | 3.27% |
| Echostar Corp. | 3.08% |
| Live Nation Entertainmen | 2.96% |
| Kennedy-Wilson, Inc. | 2.96% |
| Nutanix, Inc. | 2.93% |
| Bentley Systems | 2.83% |
ACFIX Prospectus and SEC Filings
Official Water Island Credit Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.