Water Island Capital-Advised Funds > ARBITRAGE FUNDS
WATER ISLAND CREDIT OPPORTUNITIES FUND
$129.70M
Avg Monthly Net Assets
$156.07M
Total Assets
$13.14M
Total Liabilities
$142.94M
Net Assets
WATER ISLAND CREDIT OPPORTUNITIES FUND is a Mutual Fund in ARBITRAGE FUNDS
from Water Island Capital-Advised Funds,
based in Colorado,
United States of America.
The fund has three share classes
and monthly net assets of $129.70M.
On July 31st, 2024 it reported 101 holdings, the largest
being Morgan Stanley & Co. LLC (7.8%), State Street Global Advisors (7.8%) and MORGAN STANLEY PRIME BROKER US (5.0%).
Data provided by Fincoded.
Share Classes
| Name | Class/Contract ID | Ticker | Monthly Returns (2 years) |
|---|---|---|---|
| Class A | C000127230 | AGCAX | |
| Class I | C000120978 | ACFIX | |
| Class R | C000120977 | ARCFX |
Holdings
From latest NPORT-P, filed July 31st, 2024 for period ending May 31st, 2024.
Historic holdings data available from Fincoded.
| Name | Profile | Category | Country | Value $USD | # Shares | % of Fund |
|---|---|---|---|---|---|---|
| Abercrombie & Fitch Management Co | Long | Debt | US | $2M | – | 1.55 |
| ACI Worldwide Inc | Long | Debt | US | $1M | – | 0.74 |
| Alteryx Inc | Long | Debt | US | $4M | – | 3.01 |
| Altice France Holding SA | Long | Debt | LU | $573K | – | 0.40 |
| Atlantica Sustainable Infrastructure PLC (ATLANTICA SUSTAIN INFRA) | Long | Debt | GB | $2M | – | 1.71 |
| Bentley Systems Inc | Long | Debt | US | $2M | – | 1.56 |
| Bentley Systems Inc | Short | Equity-common | US | $-603K | -12K | -0.42 |
| BlackLine Inc | Long | Debt | US | $4M | – | 3.10 |
| BlackLine Inc | Long | Debt | US | $3M | – | 1.93 |
| BlackLine Inc | Short | Equity-common | US | $-86K | -2K | -0.06 |
| Boxer Parent Co Inc | Long | Debt | US | $3M | – | 2.26 |
| Carrols Restaurant Group Inc | Long | Debt | US | $1M | – | 0.92 |
| Catalent Inc | Short | Equity-common | US | $-861K | -16K | -0.60 |
| Catalent Pharma Solutions Inc | Long | Debt | US | $5M | – | 3.33 |
| Cineplex Inc | Long | Debt | CA | $307K | – | 0.21 |
| Cineplex Inc | Short | Equity-common | CA | $-103K | -18K | -0.07 |
| CrownRock LP / CrownRock Finance Inc (CROWNROCK LP/CROWNROCK F) | Long | Debt | US | $6M | – | 4.19 |
| Dave & Buster's Entertainment Inc | Short | Equity-common | US | $-72K | -1K | -0.05 |
| Dave & Buster's Inc | Long | Debt | US | $2M | – | 1.05 |
| DAVE + BUSTER'S ENTERTAINMENT (Morgan Stanley & Co. LLC) | Derivative-equity | US | $5K | – | 0.00 | |
| Endeavor Energy Resources LP / EER Finance Inc | Long | Debt | US | $1M | – | 0.91 |
| Everbridge Inc | Long | Debt | US | $2M | – | 1.72 |
| Everi Holdings Inc | Long | Debt | US | $3M | – | 2.17 |
| Ford Motor Credit Co LLC | Long | Debt | US | $3M | – | 2.36 |
| Gen Digital Inc | Long | Debt | US | $3M | – | 2.02 |
| GEN DIGITAL INC (Morgan Stanley & Co. LLC) | Derivative-equity | US | $20K | – | 0.01 | |
| Getty Images Inc | Long | Debt | US | $5M | – | 3.84 |
| Goodyear Tire & Rubber Co/The | Long | Debt | US | $4M | – | 2.60 |
| Hillenbrand Inc | Long | Debt | US | $1M | – | 1.03 |
| Howmet Aerospace Inc | Long | Debt | US | $340K | – | 0.24 |
| International Game Technology PLC | Long | Debt | GB | $2M | – | 1.56 |
| ISHARES IBOXX HIGH YIELD COR (Goldman Sachs & Co. LLC) | Derivative-equity | US | $31K | – | 0.02 | |
| ISHARES IBOXX INVESTMENT GRA (Goldman Sachs & Co. LLC) | Derivative-equity | US | $17K | – | 0.01 | |
| Jazz Investments I Ltd | Long | Debt | BM | $3M | – | 2.08 |
| Lightning eMotors Inc | Long | Debt | US | $29K | – | 0.02 |
| Lightning eMotors Inc | Derivative-equity | US | $32.35 | 54K | 0.00 | |
| Long: AYMSS TRS USD R V 00MFEDL FEDL01/-40 BPS / Short: AYMSS TRS USD P E AYMSS PAY EQUITY (Morgan Stanley & Co. LLC) | Derivative-equity | US | $1K | – | 0.00 | |
| Long: GENMSS TRS USD R V 01MFEDL GENMSS TRS R V 01MFEDL / Short: GENMSS TRS USD P E GEN US SWAP (Morgan Stanley & Co. LLC) | Derivative-equity | US | $-9K | – | -0.01 | |
| Long: HYGMSS TRS USD R V 01MFEDL HYGMSS TRS USD R V 01MFEDL / Short: HYGMSS TRS USD P E HYG US SWAP (Morgan Stanley & Co. LLC) | Derivative-equity | US | $-74K | – | -0.05 | |
| Long: JNKMSS TRS USD R V 01MFEDL FEDL 01M/-40.BPS / Short: JNKMSS TRS USD P E JNK US SWAP/US78468R6229 (Morgan Stanley & Co. LLC) | Derivative-equity | US | $-60K | – | -0.04 | |
| Michael Kors USA Inc | Long | Debt | US | $3M | – | 2.42 |
| Model N Inc | Long | Debt | US | $5M | – | 3.44 |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio (Morgan Stanley & Co. LLC) | Long | Short-term investment vehicle | US | $11M | 11M | 7.85 |
| MORGAN STANLEY PRIME BROKER US | Long | Segregated Cash | US | $7M | 7M | 4.99 |
| NuStar Energy LP | Long | Equity-preferred | US | $826K | 33K | 0.58 |
| NuStar Energy LP | Long | Equity-preferred | US | $799K | 32K | 0.56 |
| Nuvei Corp | Short | Equity-common | CA | $-2M | -75K | -1.69 |
| NUVEI CORP (National Financial Services Corp.) | Derivative-equity | CA | $4K | – | 0.00 | |
| Nuvei Technologies Corp USD Term Loan | Long | Loan | CA | $5M | – | 3.52 |
| Occidental Petroleum Corp | Long | Debt | US | $30K | – | 0.02 |
| Perficient Inc | Long | Debt | US | $5M | – | 3.19 |
| Perficient Inc | Short | Equity-common | US | $-1M | -19K | -0.96 |
| PTC Inc | Long | Debt | US | $737K | – | 0.52 |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $31.2 | – | 0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $29.21 | – | 0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $15.88 | – | 0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $10.69 | – | 0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $7.76 | – | 0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $4.21 | – | 0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $-2.25 | – | -0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $-7.37 | – | -0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $-21.92 | – | -0.00 | |
| PURCHASED CAD / SOLD USD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | CA | $-1K | – | -0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $4K | – | 0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $39.03 | – | 0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $8.98 | – | 0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $-4.82 | – | -0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $-6.72 | – | -0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $-7.09 | – | -0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $-10.97 | – | -0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $-11.56 | – | -0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $-25.66 | – | -0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $-35.01 | – | -0.00 | |
| PURCHASED USD / SOLD CAD (Morgan Stanley & Co. LLC) | Derivative-foreign exchange | US | $-35.41 | – | -0.00 | |
| RingCentral Inc | Long | Debt | US | $3M | – | 2.05 |
| RingCentral Inc | Short | Equity-common | US | $-10K | -300 | -0.01 |
| Spirit Aerosystems Inc 2022 Term Loan | Long | Loan | US | $2M | – | 1.41 |
| Spotify Technology SA | Short | Equity-common | LU | $-564K | -2K | -0.39 |
| Spotify USA Inc | Long | Debt | US | $3M | – | 2.29 |
| Sprint LLC | Long | Debt | US | $3M | – | 1.75 |
| SRS Distribution Inc | Long | Debt | US | $2M | – | 1.15 |
| State Street Institutional US Government Money Market Fund (State Street Global Advisors) | Long | Short-term investment vehicle | US | $11M | 11M | 7.85 |
| SWAP MORGAN STANLEY COC | Long | Segregated Cash | US | $1M | 1M | 0.90 |
| TechTarget Inc | Long | Debt | US | $2M | – | 1.34 |
| Triton Container International Ltd | Long | Debt | BM | $4M | – | 2.80 |
| Truist Financial Corp | Long | Debt | US | $957K | – | 0.67 |
| United States Cellular Corp (US CELLULAR CORP) | Long | Debt | US | $1M | – | 0.76 |
| United States Steel Corp | Long | Debt | US | $1M | – | 0.70 |
| UpHealth Inc | Long | Debt | US | $636K | – | 0.45 |
| UpHealth Inc | Long | Debt | US | $466K | – | 0.33 |
| Verint Systems Inc | Long | Debt | US | $3M | – | 1.90 |
| Verint Systems Inc | Short | Equity-common | US | $-288K | -10K | -0.20 |
| Vista Outdoor Inc | Long | Debt | US | $2M | – | 1.37 |
| VISTA OUTDOOR INC (Morgan Stanley & Co. LLC) | Derivative-equity | US | $500 | – | 0.00 | |
| WESCO Distribution Inc | Long | Debt | US | $4M | – | 2.77 |
| WisdomTree Inc (WISDOMTREE INVESTMENTS) | Long | Debt | US | $2M | – | 1.12 |
| WisdomTree Inc | Short | Equity-common | US | $-542K | -54K | -0.38 |
| Xerox Holdings Corp | Long | Debt | US | $4M | – | 2.64 |
| Xerox Holdings Corp | Short | Equity-common | US | $-105K | -8K | -0.07 |
| XEROX HOLDINGS CORP (Morgan Stanley & Co. LLC) | Derivative-equity | US | $2K | – | 0.00 | |
| XEROX HOLDINGS CORP (Morgan Stanley & Co. LLC) | Derivative-equity | US | $0 | – | – |
Address
ARBITRAGE FUNDS
C/O ALPS FUND SERVICES, INC.
1290 BROADWAY, SUITE 1100
DENVER
Colorado
80203
United States of America
Websites
Directors
Stephen R. Byers
Nancy M. Morris
John S. Orrico
Francis X. Tracy
Robert P. Herrmann
John C. Alvarado
Christina Chew
Transfer Agents
SS&C GIDS, Inc.
Pricing Services
S&P Global Inc.
J.P. Morgan Securities LLC
ICE Data Services, Inc.
London Stock Exchange Group PLC
Bloomberg L.P.
Custodians
State Street Bank and Trust Company (Edinburgh, GB, Branch)
Clearstream Banking S.A.
Citibank Europe Public Limited Company
Intesa Sanpaolo S.p.A.
State Street Trust Company Canada
State Street Bank and Trust Company
Skandinaviska Enskilda Banken AB (Oslo, Oslo, NO, Branch)
Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch)
UBS Switzerland AG
Skandinaviska Enskilda Banken AB
UniCredit Bank Austria AG
BNP Paribas
State Street Bank International GmbH
Bank Handlowy w Warszawie Spolka Akcyjna
The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch)
Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex
Royal Bank of Canada
The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch)
Shareholder Servicing Agents
SS&C GIDS, Inc.
Admins
State Street Bank and Trust Company
Brokers
United First Partners LLC
BofA Securities, Inc.
Bloomberg Tradebook LLC
Morgan Stanley & Co. LLC
Odeon Capital Group LLC
Mischler Financial Group, Inc.
Marianas Fund Management LLC
Barclays Capital Inc.
Goldman Sachs & Co. LLC