NYSE ARCA | ETF
To pursue the fund's investment objective, the adviser employs a long/short event-driven strategy, which seeks to profit by investing, long and/or short, in the equity and debt securities of companies whose prices Water Island Capital, LLC (the adviser) believes are or will be impacted by a publicly announced or anticipated corporate event.
The adviser will hold a higher percentage of the fund's assets in long positions.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| SGEN | Seagen Inc | Healthcare | Biotechnology | 4.70% |
| HEES | H&E Equipment Services Inc | Industrials | Rental & Leasing Services | 4.64% |
| PXD | Pioneer Natural Resources Co | Energy | Oil & Gas E&P | 4.56% |
| X | United States Steel Corporation | Basic Materials | Steel | 4.50% |
| TGH | Textainer Group Holdings Ltd | Industrials | Rental & Leasing Services | 4.49% |
| SWAV | Shockwave Medical Inc | Healthcare | Medical Devices | 4.47% |
| OLK | Olink Holding AB ADR | Healthcare | Diagnostics & Research | 4.42% |
| RPT | RPT Realty | Real Estate | REIT - Retail | 4.39% |
| HES | Hess Corporation | Energy | Oil & Gas E&P | 4.13% |
| SPLK | Splunk Inc | Technology | Software - Infrastructure | 4.12% |
| SWTX | SpringWorks Therapeutics Inc | Healthcare | Biotechnology | 3.98% |
| 0C8 | Catalent Inc | Healthcare | Drug Manufacturers - Specialty & Generic | 3.94% |
| HCP | Hashicorp Inc | Technology | Software - Infrastructure | 3.89% |
| HA | Hawaiian Holdings Inc | Industrials | Airlines | 3.73% |
| PRA | ProAssurance Corporation | Financial Services | Insurance - Property & Casualty | 3.71% |
| SKX | Skechers USA Inc | Consumer Cyclical | Footwear & Accessories | 3.30% |
| PETQ | PetIQ Inc | Healthcare | Drug Manufacturers - Specialty & Generic | 3.29% |
| ESGR | Enstar Group Limited | Financial Services | Insurance - Diversified | 3.23% |
| CERE | Cerevel Therapeutics Holdings Inc | Healthcare | Biotechnology | 3.17% |
| PRFT | Perficient Inc | Technology | Information Technology Services | 3.16% |