Water Island Credit Opportunities Fund Institutional Class: (MF: ACFIX)
(NASDAQ Mutual Funds) As of May 30, 2025 08:00 PM ET
$9.82 USD
0.00 (NA)
Fund Description
The fund was incepted in August 1997 and is managed by National City Investment Management Company. The fund is for investors who like to participate in both growth and value management styles. The fund's managers include both growth and value choices in the portfolio, and have the flexibility to weight the portfolio more heavily toward whichever style is favored by market conditions. The fund's management team uses a Multiple Attribute Diversification process, in tandem with style flexibility, to build a portfolio that they believe provides the greatest return for the risk taken. The portfolio generally includes equities with consistent, five-year earnings growth rates of 10% or higher, price-to-earnings ratios at least 20% lower than the average of the Standard & Poor's 500 Index *, and dividend yields at least 20% higher than the average of the Standard & Poor's 500 Index. The fund offers dividends quarterly. Capital gains, if any, are distributed annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Water Island Credit Opportunities I | ACFIX | NA | NA | 0.00 | 0.00 | 0.95 | 0.99 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return |
|---|
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Water Island Credit Opportunities I | ACFIX | 100000 | 0 | 100000 | M |
Contact Information
| Family | Arbitrage Fund |
| Address | 41 Madison Ave., Ste. 2802 New York, NY 10010 |
| Phone | 800 295-4485 |