{
  "page": "compare",
  "query": {
    "a": "ARCFX",
    "b": "ARB"
  },
  "retrieved_at": "2026-07-07T17:04:49+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": "ARCFX",
    "slug": "ARCFX",
    "series_id": "S000039281",
    "html_url": "https://fundwatcher.app/funds/ARCFX/"
  },
  "fund_b": {
    "name": "AltShares Merger Arbitrage ETF",
    "ticker": "ARB",
    "slug": "ARB",
    "series_id": "S000067196",
    "html_url": "https://fundwatcher.app/funds/ARB/"
  },
  "overlap": {
    "coverage_a_by_b": "0.08593600147639749203324034328",
    "coverage_b_by_a": "0.08593600147639749203324034328",
    "shared_count": 3,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
    },
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      {
        "name": "Hologic, Inc.",
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      },
      {
        "name": "FYBR 8.75 05/15/30 144A",
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      },
      {
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      },
      {
        "name": "Exact Sciences Corporation",
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      {
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      },
      {
        "name": "CSG SYSTEMS INTL INC CONV 3.875% 09/15/2028",
        "value": "6072500.00",
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      {
        "name": "State Street Navigator Securities Lending Portfolio II",
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      },
      {
        "name": "MSILF-GOVT-INS",
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      },
      {
        "name": "SATS 6.75 11/30/30",
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      {
        "name": "LYV 6.5 05/15/27 144A",
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      {
        "name": "CONFLUENT INC ZERO COUPON 01/15/2027",
        "value": "4890000.00",
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      },
      {
        "name": "KENNEDY-WILSON INC SR UNSEC 5.0% 03-01-31",
        "value": "4807107.42",
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      },
      {
        "name": "BSY 0.375 07/01/27",
        "value": "4770000.00",
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      {
        "name": "NUTANIX INC SR UNSECURED 12/29 0.5",
        "value": "4597500.00",
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      {
        "name": "ORGANON / ORGANON 4.125%",
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      {
        "name": "REDFIN CORP SR UNSECURED 04/27 0.5",
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      {
        "name": "TXNM ENERGY INC JR SUBORDINA 06/54 5.75",
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      {
        "name": "WESCO Distribution Inc",
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      {
        "name": "TGNA 5 09/15/29",
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      {
        "name": "Calpine Corp.",
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      },
      {
        "name": "HALOZYME THERAPEUTICS INC CONV 0.25% 03/01/2027",
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        "weight": "0.01983002",
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      },
      {
        "name": "Dynavax Technologies Corp.",
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        "value": "2994000.00",
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      {
        "name": "EMRLD Borrower LP Term Loan B",
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      {
        "name": "VRNS 1 09/15/29",
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        "name": "Rapid7, Inc.",
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        "name": "US STEEL CORP",
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        "name": "Rand Parent LLC, Term Loan B",
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        "name": "SURGERY CENTER HOLDINGS REGD 144A P/P 7.25000000",
        "value": "1997573.60",
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      },
      {
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      {
        "name": "RPD 1.25 03/15/29",
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      {
        "name": "Gladstone Capital Corp",
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        "weight": "0.00823595",
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      {
        "name": "KENNEDY-WILSON INC SR UNSEC 4.75% 02-01-30",
        "value": "1183296.30",
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      },
      {
        "name": "SWAP MORGAN STANLEY COC",
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      },
      {
        "name": "CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.75000000",
        "value": "1007936.00",
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      },
      {
        "name": "PUT SPDR S&P 500 ETF 01/16/2026 P643",
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    ],
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      },
      {
        "name": "WARNER BROS DISCOVERY INC",
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      },
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      },
      {
        "name": "JDE PEET'S NV",
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      },
      {
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      {
        "name": "CLEARWATER ANALYTICS HOLDINGS INC",
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      },
      {
        "name": "MASIMO CORP",
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      },
      {
        "name": "ELECTRONIC ARTS INC",
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      },
      {
        "name": "CHART INDUSTRIES INC",
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      },
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        "name": "CONFLUENT INC-A",
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      },
      {
        "name": "NORFOLK SOUTHERN CORP",
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      {
        "name": "WEBSTER FINL",
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      {
        "name": "NEW GOLD INC",
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      {
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      {
        "name": "AIR LEASE CORP CL A",
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      },
      {
        "name": "SEALED AIR CORP",
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      {
        "name": "RAPT THERAPEUTICS INC",
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      {
        "name": "ALLIED GOLD CORP",
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      {
        "name": "DIGITALBRIDGE GROUP INC",
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      {
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        "name": "SILICON LABS",
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      {
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      {
        "name": "BANCA POP SONDRI",
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      {
        "name": "ALLFUNDS GROUP P",
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      {
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      {
        "name": "FORGE GLOBAL HOLDINGS INC A",
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      {
        "name": "SCHRODERS PLC",
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      {
        "name": "CSG SYSTEMS INTL INC",
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        "name": "ALEXANDER & BALD",
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        "name": "LAURENTIAN BANK",
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        "name": "IHS Holding Ltd.",
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      },
      {
        "name": "STELLAR BANCORP INC",
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      {
        "name": "SKYWATER TECHNOLOGY INC",
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      {
        "name": "NORTHWESTERN ENERGY GROUP INC",
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      {
        "name": "HERITAGE COMMERCE CORP",
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        "name": "MSILF-GOVT-INS",
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    ]
  },
  "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": "0001410368-26-040978",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1779306/000141036826040978/0001410368-26-040978-index.htm"
    }
  ]
}