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Water Island Credit Opportunities Fund Institutional Class: (MF: ACFIX)

(NASDAQ Mutual Funds) As of Feb 12, 2026 05:53 PM ET

$9.82 USD

0.00 (NA)

Zacks MF Rank

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Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

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4-Sell of 5       4  

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Latest Performance as of Jan 31, 2026

Total Return %* Percentile Rank Objective
YTD 0.27 65
3 months 0.99 44
6 months 2.23 91
1 Year 4.63 89
3 Year 5.30 40
5 Year 2.24 41
10 Year 2.76 43

* Annual for three years and beyond.

Zacks Premium Research for ACFIX

Zacks MF Rank

This is our Mutual Fund rating system that serves as a timeliness indicator for Mutual Fund's over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

Zacks Mutual Fund Rank FAQ - Learn more about the Zacks Mutual Fund Rank
Zacks Mutual Fund Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank

Sell 4
MF Report

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Portfolio Statistics

% Unrealized Gain 2.94
% Yield NA
% SEC Yield 3.41
Net Assets (Mil $) 1/31/2026 153.96
% Turnover 1/31/2026 132.00

Risk

3 Year 5 Year 10 Year
Beta 0.09 0.17 0.18
Alpha 0.65 -0.44 0.64
R Squared 0.21 0.23 0.09
Std. Dev. 1.18 2.22 3.04
Sharpe 0.49 -0.44 3.00

Sector / Country Weightings

As of 1/31/2026 % of Portfolio
NA NA

Portfolio Holdings

Top Holdings (As of 8/31/2025) % of Portfolio Value (Mil$)
TOTAL*CASH 8.03 13.16
SPOTIFY USA INC 4.10 6.71
FRONTIER COMM HLDGS LLC 4.09 6.70
BOOST NEWCO BORROWER LLC 3.74 6.12
TOTAL*PREFERRED STOCK 3.64 5.95
UBER TECH INC 3.59 5.88
SPIRIT AEROSYSS INC 3.30 5.41
UNITI GRP LP UNITI GRP FI 3.21 5.26
CHART INDS INC 3.13 5.13
COMMSCOPE INC 2024 TERM L 3.11 5.10

Stock Holding % of Net Assets

As Of 8/31/2025
Total Issues NA
Avg. P/E NA
Avg. P/Book NA
Avg. EPS Growth NA
Avg. Market Value (Mil $) NA

Composition

% of Portfolio
Stocks 0.00
Foreign Stocks 0.00
Cash 8.03
Bonds 89.46
Foreign Bonds 0.00
Preferred 3.64
Convertible 0.00
Other -1.12
Foreign Hedged 0.00

Style Analysis

% of Portfolio
Large Growth NA
Large Value NA
Small Growth NA
Small Value NA
Foreign Stock NA
Emerging Market NA
Precious Metal NA
Intermediate Bond NA
Foreign Bond NA
High Yield Bond NA