The Water Island Credit Opportunities Fund Institutional Class (ACFIX) is a mutual fund that focuses on investing in credit opportunities. This fund is designed for institutional investors and aims to provide a diversified portfolio of credit securities, including corporate bonds, bank loans, and other fixed-income instruments. The fund's objective is to generate income and capital appreciation while managing risk through active management and research. With a focus on credit opportunities, this fund may be suitable for investors seeking a higher level of income and potential for growth in their portfolio.