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 |
|---|---|---|---|---|
| EA | Electronic Arts Inc | Communication Services | Electronic Gaming & Multimedia | 4.86% |
| HOLX | Hologic Inc | Healthcare | Medical Instruments & Supplies | 4.74% |
| 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% |
| CYBR | CyberArk Software Ltd | Technology | Software - Infrastructure | 4.47% |
| SWAV | Shockwave Medical Inc | Healthcare | Medical Devices | 4.47% |
| GTLS | Chart Industries Inc | Industrials | Specialty Industrial Machinery | 4.46% |
| NSC | Norfolk Southern Corporation | Industrials | Railroads | 4.43% |
| OLK | Olink Holding AB ADR | Healthcare | Diagnostics & Research | 4.42% |
| TGNA | Tegna Inc | Communication Services | Broadcasting | 4.42% |
| WBD | Warner Bros Discovery Inc | Communication Services | Entertainment | 4.40% |
| RPT | RPT Realty | Real Estate | REIT - Retail | 4.39% |
| EXAS | EXACT Sciences Corporation | Healthcare | Diagnostics & Research | 4.30% |
| CFLT | Confluent Inc | Technology | Software - Infrastructure | 4.25% |
| HES | Hess Corporation | Energy | Oil & Gas E&P | 4.13% |
| SPLK | Splunk Inc | Technology | Software - Infrastructure | 4.12% |
| JHG | Janus Henderson Group PLC | Financial Services | Asset Management | 4.01% |