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 |
|---|---|---|---|---|
| HES | Hess Corporation | Energy | Oil & Gas E&P | 5.01% |
| SGEN | Seagen Inc | Healthcare | Biotechnology | 4.70% |
| PXD | Pioneer Natural Resources Co | Energy | Oil & Gas E&P | 4.56% |
| 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% |
| MCS | Marcus Corporation | Communication Services | Entertainment | 4.38% |
| SPLK | Splunk Inc | Technology | Software - Infrastructure | 4.12% |
| CHX | ChampionX Corporation | Energy | Oil & Gas Equipment & Services | 3.62% |
| JNPR | Juniper Networks Inc | Technology | Communication Equipment | 3.17% |
| CERE | Cerevel Therapeutics Holdings Inc | Healthcare | Biotechnology | 3.17% |
| NWLI | National Western Life Insurance Co | Financial Services | Insurance - Life | 3.02% |
| CTLT | Catalent Inc | Healthcare | Drug Manufacturers - Specialty & Generic | 2.99% |
| AXNX | Axonics Modulation Technologies Inc | Healthcare | Medical Devices | 2.98% |
| HEP | Holly Energy Partners LP | Energy | Oil & Gas Midstream | 2.90% |
| ANSS | ANSYS Inc | Technology | Software - Application | 2.87% |
| SOVO | Sovos Brands Inc | Consumer Defensive | Packaged Foods | 2.76% |
| MRTX | Mirati Ther | Healthcare | Biotechnology | 2.68% |
| MGRC | McGrath RentCorp | Industrials | Rental & Leasing Services | 2.66% |