{
  "page": "compare",
  "query": {
    "a": "ARCFX",
    "b": "ARBFX"
  },
  "retrieved_at": "2026-07-07T19:23:23+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": "THE ARBITRAGE FUND",
    "ticker": "ARBFX",
    "slug": "ARBFX",
    "series_id": "S000006440",
    "html_url": "https://fundwatcher.app/funds/ARBFX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1264120931904049743007615476",
    "coverage_b_by_a": "0.1264120931904049743007615476",
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    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
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      {
        "name": "EMRLD Borrower LP Term Loan B",
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      {
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        "name": "PUT SPDR S&P 500 ETF 01/16/2026 P643",
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      {
        "name": "TRI POINTE HOMES INC",
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        "name": "VERIS RESIDENTIAL INC",
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      {
        "name": "KENNEDY-WILSON HOLDINGS INC",
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        "name": "VENTYX BIOSCIENCES INC",
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      {
        "name": "ZIM INTEGRATED SHIPPING SERVICES LTD",
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      },
      {
        "name": "SILICON LABS",
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      {
        "name": "GTLS 7.5 01/01/30 144A",
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      {
        "name": "AXALTA COATING SYSTEMS LTD",
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      {
        "name": "RAPT THERAPEUTICS INC",
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      {
        "name": "SKECHERS USA INC CL A",
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      {
        "name": "CLEARWATER ANALYTICS HOLDINGS INC",
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      },
      {
        "name": "RESOLUTE FST CVR",
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      },
      {
        "name": "Bristol-Myers Squibb Company",
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      {
        "name": "CONTRA ALBIREO PHARMA",
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      },
      {
        "name": "PFIZER INC CVR",
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      },
      {
        "name": "FLEXION THERAPEUTICS INC - CVR CONTINGENT VALUE RIGHT",
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      },
      {
        "name": "CONTRA CONCRT PHRMC",
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      },
      {
        "name": "Regulus Therapeutics, Inc., CVR",
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      },
      {
        "name": "AVADEL PHARMACEUTICALS PLC",
        "value": "615249.02",
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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": "0001410368-26-040981",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1105076/000141036826040981/0001410368-26-040981-index.htm"
    }
  ]
}