- 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.
- How big is ARCFX?
- Water Island Credit Opportunities Fund Retail Class (ARCFX) manages $169.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is ARCFX actively managed or an index fund?
- ARCFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was ARCFX launched?
- Water Island Credit Opportunities Fund Retail Class (ARCFX) launched in December 2012 and is managed by the fund issuer.
- How has ARCFX performed?
- ARCFX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
