- What does ARCFX invest in?
- This fund's core strategy involves active investment across a broad spectrum of credit and debt instruments. Its portfolio primarily encompasses corporate bonds and debentures – a category that explicitly includes high-yield, or 'junk,' bonds – alongside bank loans, convertible and preferred securities, and credit default swaps. The fund also allocates to various other instruments deemed to possess debt-like characteristics by its investment adviser. Investments span both domestic and international debt markets, offering a global reach. Beyond direct debt holdings, the fund strategically utilizes a range of derivatives; key instruments in its arsenal include credit default swaps (CDS), interest rate swaps, total return swaps, futures, and options.
- What is the expense ratio of ARCFX?
- Water Island Credit Opportunities Fund Retail Class (ARCFX) charges an expense ratio of 1.27%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ARCFX's dividend yield?
- ARCFX's trailing-twelve-month yield is 3.72%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ARCFX?
- Effective duration measures ARCFX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ARCFX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ARCFX?
- ARCFX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of ARCFX?
- Yield to maturity (YTM) is the total return you'd earn from ARCFX if every bond in the portfolio is held to maturity at the current price. ARCFX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
