{
  "page": "compare",
  "query": {
    "a": "ACFIX",
    "b": "FLXIX"
  },
  "retrieved_at": "2026-07-07T17:31:10+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": "ABSOLUTE FLEXIBLE FUND",
    "ticker": "FLXIX",
    "slug": "FLXIX",
    "series_id": "S000081740",
    "html_url": "https://fundwatcher.app/funds/FLXIX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.06042246802511332728030971753",
    "coverage_b_by_a": "0.06042246802511332728030971753",
    "shared_count": 3,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-03-31"
    },
    "a_top": [
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      },
      {
        "name": "Hologic, Inc.",
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      },
      {
        "name": "FYBR 8.75 05/15/30 144A",
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      },
      {
        "name": "GTLS 7.5 01/01/30 144A",
        "value": "6393887.31",
        "weight": "0.03938370",
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      },
      {
        "name": "Exact Sciences Corporation",
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      {
        "name": "SEE 6.125 02/01/28 144A",
        "value": "6083358.00",
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      },
      {
        "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": false
      },
      {
        "name": "MSILF-GOVT-INS",
        "value": "5957219.29",
        "weight": "0.03669401",
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      },
      {
        "name": "SATS 6.75 11/30/30",
        "value": "5157956.12",
        "weight": "0.03177088",
        "shared": false
      },
      {
        "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": true
      },
      {
        "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",
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        "shared": false
      },
      {
        "name": "ZSCALER INC SR UNSECURED 144A 07/28 0.0000",
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        "weight": "0.02256873",
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      },
      {
        "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",
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      },
      {
        "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": true
      },
      {
        "name": "Itron, Inc.",
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        "weight": "0.01526808",
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      },
      {
        "name": "Rapid7, Inc.",
        "value": "2350000.00",
        "weight": "0.01447503",
        "shared": true
      },
      {
        "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": false
      },
      {
        "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": "FIRST AM-TR OB-X",
        "value": "1665841.12",
        "weight": "0.05401965",
        "shared": false
      },
      {
        "name": "A10 Networks, Inc.",
        "value": "1192345.32",
        "weight": "0.03866520",
        "shared": false
      },
      {
        "name": "Xometry, Inc.",
        "value": "1072500.00",
        "weight": "0.03477887",
        "shared": false
      },
      {
        "name": "Rapid7, Inc.",
        "value": "1060112.19",
        "weight": "0.03437716",
        "shared": true
      },
      {
        "name": "TE 5.25 12/01/30",
        "value": "1049660.56",
        "weight": "0.03403824",
        "shared": false
      },
      {
        "name": "TTEK 2.25 08/15/28",
        "value": "1049150.00",
        "weight": "0.03402168",
        "shared": false
      },
      {
        "name": "PENGUIN SOLUTIONS INC CONV 2% 08/15/2030",
        "value": "1007539.35",
        "weight": "0.03267234",
        "shared": false
      },
      {
        "name": "U 0 03/15/30",
        "value": "998100.00",
        "weight": "0.03236624",
        "shared": false
      },
      {
        "name": "LCI Industries",
        "value": "995700.00",
        "weight": "0.03228841",
        "shared": false
      },
      {
        "name": "ZTS 0.25 06/15/29",
        "value": "995000.00",
        "weight": "0.03226571",
        "shared": false
      },
      {
        "name": "PSN 2.625 03/01/29",
        "value": "986500.00",
        "weight": "0.03199007",
        "shared": false
      },
      {
        "name": "ON Semiconductor Corporation, Convertible",
        "value": "980000.00",
        "weight": "0.03177929",
        "shared": false
      },
      {
        "name": "RGEN 1 12/15/28",
        "value": "977000.00",
        "weight": "0.03168201",
        "shared": false
      },
      {
        "name": "DDOG 0 12/01/29",
        "value": "970250.00",
        "weight": "0.03146312",
        "shared": false
      },
      {
        "name": "AST SpaceMobile Inc",
        "value": "967000.00",
        "weight": "0.03135773",
        "shared": false
      },
      {
        "name": "PCRX 2 1/8 05/15/29",
        "value": "965700.00",
        "weight": "0.03131558",
        "shared": false
      },
      {
        "name": "Integer Holdings Corp",
        "value": "958500.00",
        "weight": "0.03108209",
        "shared": false
      },
      {
        "name": "BSY 0.375 07/01/27",
        "value": "951000.00",
        "weight": "0.03083889",
        "shared": true
      },
      {
        "name": "BLACKLINE INC CONV 1% 06/01/2029",
        "value": "942250.00",
        "weight": "0.03055514",
        "shared": false
      },
      {
        "name": "Workvia, Inc.",
        "value": "938750.00",
        "weight": "0.03044164",
        "shared": false
      },
      {
        "name": "Alkami Technology Inc",
        "value": "900700.00",
        "weight": "0.02920776",
        "shared": false
      },
      {
        "name": "VRNS 1 09/15/29",
        "value": "874870.82",
        "weight": "0.02837018",
        "shared": true
      },
      {
        "name": "CVLT 0 09/15/30",
        "value": "811000.00",
        "weight": "0.02629899",
        "shared": false
      },
      {
        "name": "CSIQ 3.25 01/15/31",
        "value": "796000.00",
        "weight": "0.02581257",
        "shared": false
      },
      {
        "name": "IREN LTD SR UNSECURED 144A 07/31 0.0000",
        "value": "732050.00",
        "weight": "0.02373881",
        "shared": false
      },
      {
        "name": "WULF 1 09/01/31",
        "value": "694500.00",
        "weight": "0.02252114",
        "shared": false
      },
      {
        "name": "COHU INC CONV 1.5% 01/15/2031 144A",
        "value": "673000.00",
        "weight": "0.02182394",
        "shared": false
      },
      {
        "name": "BLACKSKY TECHNOLOGY INC CONV 8.25% 08/01/2033 144A",
        "value": "603750.00",
        "weight": "0.01957831",
        "shared": false
      },
      {
        "name": "Microchip Technology Inc",
        "value": "488625.00",
        "weight": "0.01584506",
        "shared": false
      },
      {
        "name": "ETSY INC SR UNSECURED 144A 06/30 1",
        "value": "483500.00",
        "weight": "0.01567887",
        "shared": false
      },
      {
        "name": "NCLH 0.75 09/15/30",
        "value": "465114.83",
        "weight": "0.01508267",
        "shared": false
      },
      {
        "name": "BOX INC CONV 1.5% 09/15/2029",
        "value": "459500.00",
        "weight": "0.01490060",
        "shared": false
      },
      {
        "name": "Oracle Corp., Series D",
        "value": "450100.00",
        "weight": "0.01459578",
        "shared": false
      },
      {
        "name": "Progress Software Corporation, Convertible",
        "value": "445450.00",
        "weight": "0.01444499",
        "shared": false
      },
      {
        "name": "Coinbase Global, Inc., Convertible",
        "value": "439000.00",
        "weight": "0.01423583",
        "shared": false
      },
      {
        "name": "Accuray, Inc.",
        "value": "432005.73",
        "weight": "0.01400902",
        "shared": false
      },
      {
        "name": "CRISPR Therapeutics AG",
        "value": "245000.00",
        "weight": "0.00794482",
        "shared": false
      },
      {
        "name": "Inotiv, Inc.",
        "value": "120625.00",
        "weight": "0.00391161",
        "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": "0000910472-26-007212",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1199046/000091047226007212/0000910472-26-007212-index.htm"
    }
  ]
}