{
  "page": "compare",
  "query": {
    "a": "ACFIX",
    "b": "ABHIX"
  },
  "retrieved_at": "2026-07-07T16:39:14+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "WATER ISLAND CREDIT OPPORTUNITIES FUND",
    "ticker": "ACFIX",
    "slug": "ACFIX",
    "series_id": "S000039281",
    "html_url": "https://fundwatcher.app/funds/ACFIX/"
  },
  "fund_b": {
    "name": "High-Yield Fund",
    "ticker": "ABHIX",
    "slug": "ABHIX",
    "series_id": "S000006580",
    "html_url": "https://fundwatcher.app/funds/ABHIX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.04410968950999686762984025653",
    "coverage_b_by_a": "0.04410968950999686762984025653",
    "shared_count": 3,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "MORGAN STANLEY PRIME BROKER US",
        "value": "11555949.93",
        "weight": "0.07117988",
        "shared": false
      },
      {
        "name": "Hologic, Inc.",
        "value": "7461090.00",
        "weight": "0.04595723",
        "shared": false
      },
      {
        "name": "FYBR 8.75 05/15/30 144A",
        "value": "6605885.45",
        "weight": "0.04068953",
        "shared": false
      },
      {
        "name": "GTLS 7.5 01/01/30 144A",
        "value": "6393887.31",
        "weight": "0.03938370",
        "shared": false
      },
      {
        "name": "Exact Sciences Corporation",
        "value": "6231000.00",
        "weight": "0.03838039",
        "shared": false
      },
      {
        "name": "SEE 6.125 02/01/28 144A",
        "value": "6083358.00",
        "weight": "0.03747097",
        "shared": false
      },
      {
        "name": "CSG SYSTEMS INTL INC CONV 3.875% 09/15/2028",
        "value": "6072500.00",
        "weight": "0.03740409",
        "shared": false
      },
      {
        "name": "State Street Navigator Securities Lending Portfolio II",
        "value": "5957219.32",
        "weight": "0.03669401",
        "shared": true
      },
      {
        "name": "MSILF-GOVT-INS",
        "value": "5957219.29",
        "weight": "0.03669401",
        "shared": false
      },
      {
        "name": "SATS 6.75 11/30/30",
        "value": "5157956.12",
        "weight": "0.03177088",
        "shared": true
      },
      {
        "name": "LYV 6.5 05/15/27 144A",
        "value": "5023700.00",
        "weight": "0.03094392",
        "shared": false
      },
      {
        "name": "CONFLUENT INC ZERO COUPON 01/15/2027",
        "value": "4890000.00",
        "weight": "0.03012038",
        "shared": false
      },
      {
        "name": "KENNEDY-WILSON INC SR UNSEC 5.0% 03-01-31",
        "value": "4807107.42",
        "weight": "0.02960980",
        "shared": false
      },
      {
        "name": "BSY 0.375 07/01/27",
        "value": "4770000.00",
        "weight": "0.02938123",
        "shared": false
      },
      {
        "name": "NUTANIX INC SR UNSECURED 12/29 0.5",
        "value": "4597500.00",
        "weight": "0.02831870",
        "shared": false
      },
      {
        "name": "ORGANON / ORGANON 4.125%",
        "value": "4426329.96",
        "weight": "0.02726436",
        "shared": false
      },
      {
        "name": "REDFIN CORP SR UNSECURED 04/27 0.5",
        "value": "4297500.00",
        "weight": "0.02647082",
        "shared": false
      },
      {
        "name": "TXNM ENERGY INC JR SUBORDINA 06/54 5.75",
        "value": "4032152.49",
        "weight": "0.02483639",
        "shared": false
      },
      {
        "name": "ZSCALER INC SR UNSECURED 144A 07/28 0.0000",
        "value": "3664000.00",
        "weight": "0.02256873",
        "shared": false
      },
      {
        "name": "WESCO Distribution Inc",
        "value": "3525532.50",
        "weight": "0.02171582",
        "shared": false
      },
      {
        "name": "TGNA 5 09/15/29",
        "value": "3469712.11",
        "weight": "0.02137199",
        "shared": false
      },
      {
        "name": "BLCOCN 8 3/8 10/01/28",
        "value": "3415480.00",
        "weight": "0.02103795",
        "shared": false
      },
      {
        "name": "CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.50000000",
        "value": "3325510.24",
        "weight": "0.02048377",
        "shared": false
      },
      {
        "name": "Calpine Corp.",
        "value": "3301776.24",
        "weight": "0.02033758",
        "shared": false
      },
      {
        "name": "HALOZYME THERAPEUTICS INC CONV 0.25% 03/01/2027",
        "value": "3219375.00",
        "weight": "0.01983002",
        "shared": false
      },
      {
        "name": "Dynavax Technologies Corp.",
        "value": "3138000.00",
        "weight": "0.01932878",
        "shared": false
      },
      {
        "name": "BlackLine, Inc.",
        "value": "3061787.00",
        "weight": "0.01885934",
        "shared": false
      },
      {
        "name": "TYLER TECHNOLOGIES INC SR UNSECURED 03/26 0.25",
        "value": "2994000.00",
        "weight": "0.01844180",
        "shared": false
      },
      {
        "name": "EMRLD Borrower LP Term Loan B",
        "value": "2707459.26",
        "weight": "0.01667683",
        "shared": false
      },
      {
        "name": "VRNS 1 09/15/29",
        "value": "2689500.00",
        "weight": "0.01656621",
        "shared": false
      },
      {
        "name": "Itron, Inc.",
        "value": "2478750.00",
        "weight": "0.01526808",
        "shared": false
      },
      {
        "name": "Rapid7, Inc.",
        "value": "2350000.00",
        "weight": "0.01447503",
        "shared": false
      },
      {
        "name": "US STEEL CORP",
        "value": "2295939.37",
        "weight": "0.01414204",
        "shared": false
      },
      {
        "name": "Rand Parent LLC, Term Loan B",
        "value": "1998583.08",
        "weight": "0.01231045",
        "shared": false
      },
      {
        "name": "SURGERY CENTER HOLDINGS REGD 144A P/P 7.25000000",
        "value": "1997573.60",
        "weight": "0.01230423",
        "shared": false
      },
      {
        "name": "GTLS 9.5 01/01/31 144A",
        "value": "1859782.18",
        "weight": "0.01145549",
        "shared": true
      },
      {
        "name": "RPD 1.25 03/15/29",
        "value": "1808906.25",
        "weight": "0.01114212",
        "shared": false
      },
      {
        "name": "Gladstone Capital Corp",
        "value": "1337094.40",
        "weight": "0.00823595",
        "shared": false
      },
      {
        "name": "KENNEDY-WILSON INC SR UNSEC 4.75% 02-01-30",
        "value": "1183296.30",
        "weight": "0.00728862",
        "shared": false
      },
      {
        "name": "SWAP MORGAN STANLEY COC",
        "value": "1180000.00",
        "weight": "0.00726831",
        "shared": false
      },
      {
        "name": "CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.75000000",
        "value": "1007936.00",
        "weight": "0.00620847",
        "shared": false
      },
      {
        "name": "PUT SPDR S&P 500 ETF 01/16/2026 P643",
        "value": "18200.00",
        "weight": "0.00011210",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "State Street Navigator Securities Lending Government Money Market Portfolio",
        "value": "5975880.00",
        "weight": "0.06538696",
        "shared": false
      },
      {
        "name": "State Street Navigator Securities Lending Portfolio II",
        "value": "3475790.76",
        "weight": "0.03803145",
        "shared": true
      },
      {
        "name": "DISH Network Corp",
        "value": "510241.05",
        "weight": "0.00558296",
        "shared": false
      },
      {
        "name": "MAUSER PACKAGING SOLUT SR SECURED 144A 04/30 7.875",
        "value": "472337.48",
        "weight": "0.00516823",
        "shared": false
      },
      {
        "name": "ZF North America Capital, Inc.",
        "value": "464748.46",
        "weight": "0.00508519",
        "shared": false
      },
      {
        "name": "EchoStar Corp",
        "value": "463604.95",
        "weight": "0.00507268",
        "shared": false
      },
      {
        "name": "APLD COMPUTECO LLC SR SECURED 144A 12/30 9.25",
        "value": "444448.06",
        "weight": "0.00486307",
        "shared": false
      },
      {
        "name": "LVLT 8.5 01/15/36 144A",
        "value": "436543.19",
        "weight": "0.00477657",
        "shared": false
      },
      {
        "name": "ISATLN 9 09/15/29 144A",
        "value": "425974.95",
        "weight": "0.00466094",
        "shared": false
      },
      {
        "name": "CVS Health Corp.",
        "value": "425913.68",
        "weight": "0.00466027",
        "shared": false
      },
      {
        "name": "SIRIUS XM RADIO LLC REGD 144A P/P 4.00000000",
        "value": "411454.61",
        "weight": "0.00450206",
        "shared": false
      },
      {
        "name": "TENNECO INC SR SECURED 144A 11/28 8",
        "value": "403806.59",
        "weight": "0.00441838",
        "shared": false
      },
      {
        "name": "JETBLUE AIRW/LOY",
        "value": "403174.21",
        "weight": "0.00441146",
        "shared": false
      },
      {
        "name": "STANDRD INDS NY",
        "value": "395190.28",
        "weight": "0.00432410",
        "shared": false
      },
      {
        "name": "AMCX 10.5 07/15/32 144A",
        "value": "392211.82",
        "weight": "0.00429151",
        "shared": false
      },
      {
        "name": "FLASH COMPUTE LLC SR SECURED 144A 12/30 7.25",
        "value": "392127.95",
        "weight": "0.00429059",
        "shared": false
      },
      {
        "name": "NOBLE FIN. II LLC 8.00%",
        "value": "386291.89",
        "weight": "0.00422673",
        "shared": false
      },
      {
        "name": "Viasat Inc",
        "value": "379951.89",
        "weight": "0.00415736",
        "shared": false
      },
      {
        "name": "TRANSDIGM INC SUB 4.625% 01-15-29",
        "value": "375566.75",
        "weight": "0.00410938",
        "shared": false
      },
      {
        "name": "Vistra Operations Co. LLC",
        "value": "374849.85",
        "weight": "0.00410154",
        "shared": false
      },
      {
        "name": "NXST 5.625 07/15/27 144A",
        "value": "374164.34",
        "weight": "0.00409404",
        "shared": false
      },
      {
        "name": "TransDigm, Inc.",
        "value": "372927.52",
        "weight": "0.00408050",
        "shared": false
      },
      {
        "name": "Vistra Operations Co. LLC",
        "value": "372171.52",
        "weight": "0.00407223",
        "shared": false
      },
      {
        "name": "NWL 8.5 06/01/28 144A",
        "value": "371790.00",
        "weight": "0.00406806",
        "shared": false
      },
      {
        "name": "VENTURE GLOBAL CALCASIEU SR SECURED 144A 01/30 6.25",
        "value": "371480.41",
        "weight": "0.00406467",
        "shared": false
      },
      {
        "name": "BORR IHC LTD / BORR FIN REGD 144A P/P 10.00000000",
        "value": "367092.19",
        "weight": "0.00401665",
        "shared": false
      },
      {
        "name": "Venture Global LNG, Inc.",
        "value": "366730.00",
        "weight": "0.00401269",
        "shared": false
      },
      {
        "name": "URI 4.875 01/15/28",
        "value": "366646.97",
        "weight": "0.00401178",
        "shared": false
      },
      {
        "name": "Kioxia Holdings Corp.",
        "value": "366130.42",
        "weight": "0.00400613",
        "shared": false
      },
      {
        "name": "NGL Energy Operating LLC / NGL Energy Finance Corp",
        "value": "365935.07",
        "weight": "0.00400399",
        "shared": false
      },
      {
        "name": "HLT 4 05/01/31 144A",
        "value": "364459.46",
        "weight": "0.00398785",
        "shared": false
      },
      {
        "name": "Advance Auto Parts, Inc.",
        "value": "363922.55",
        "weight": "0.00398197",
        "shared": false
      },
      {
        "name": "PG+E CORP SR SECURED 07/28 5",
        "value": "363349.25",
        "weight": "0.00397570",
        "shared": false
      },
      {
        "name": "B&G Foods Inc",
        "value": "362831.88",
        "weight": "0.00397004",
        "shared": false
      },
      {
        "name": "Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc",
        "value": "359573.39",
        "weight": "0.00393438",
        "shared": false
      },
      {
        "name": "VETCN 7.25 02/15/33 144A",
        "value": "359348.12",
        "weight": "0.00393192",
        "shared": false
      },
      {
        "name": "VIKING BAKED GOODS ACQUISITION SR SECURED 144A 11/31 8.625",
        "value": "359109.14",
        "weight": "0.00392930",
        "shared": false
      },
      {
        "name": "MINERAL RESOURCES LTD SR UNSECURED 144A 10/28 9.25",
        "value": "358809.78",
        "weight": "0.00392603",
        "shared": false
      },
      {
        "name": "HLF Financing S.a.r.l. LLC / Herbalife International Inc.",
        "value": "358709.83",
        "weight": "0.00392494",
        "shared": false
      },
      {
        "name": "ADAPTHEALTH LLC REGD 144A P/P 4.62500000",
        "value": "357593.70",
        "weight": "0.00391272",
        "shared": false
      },
      {
        "name": "Global Aircraft Leasing Co., Ltd.",
        "value": "357558.08",
        "weight": "0.00391233",
        "shared": false
      },
      {
        "name": "Venture Global LNG Inc",
        "value": "357545.30",
        "weight": "0.00391219",
        "shared": false
      },
      {
        "name": "RAND PARENT LLC SR SECURED 144A 02/30 8.5",
        "value": "357502.14",
        "weight": "0.00391172",
        "shared": false
      },
      {
        "name": "VALARIS LTD SECURED 144A 04/30 8.375",
        "value": "356626.86",
        "weight": "0.00390214",
        "shared": false
      },
      {
        "name": "The Goodyear Tire & Rubber Company",
        "value": "356051.96",
        "weight": "0.00389585",
        "shared": false
      },
      {
        "name": "XPLR INFRASTRUCTURE OPERATING SR UNSECURED 144A 01/29 7.25",
        "value": "354985.98",
        "weight": "0.00388419",
        "shared": false
      },
      {
        "name": "CCL 5.75 03/15/30 144A",
        "value": "354983.90",
        "weight": "0.00388417",
        "shared": false
      },
      {
        "name": "DKL 8.625 03/15/29 144A",
        "value": "353023.27",
        "weight": "0.00386271",
        "shared": false
      },
      {
        "name": "NOVA CHEMS. CORP 5.25%",
        "value": "352652.30",
        "weight": "0.00385866",
        "shared": false
      },
      {
        "name": "PBF Holding Company, LLC/PBF Finance Corporation",
        "value": "352606.09",
        "weight": "0.00385815",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001410368-26-040980",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1105076/000141036826040980/0001410368-26-040980-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001193125-26-248823",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/908406/000119312526248823/0001193125-26-248823-index.htm"
    }
  ]
}