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About AltShares Merger Arbitrage ETF
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Inception date
May 7, 2020
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Water Island Capital LLC
Distributor
Foreside Fund Services LLC
ARB is the first ETF by AltShares Trust and the first merger arbitrage fund that hedges foreign currency exposure. The fund is passively managed to invest in a developed market index of all-cap equities, focused on publicly-announced stock-for-stock mergers or acquisitions. The fund takes long positions on 30-50 takeover targets, while shorting the acquiring firms to hedge the acquirers stock price decline. The index rebalances and reconstitutes twice a month. ARB hedges its FX risks against the USD using forward currency or futures contracts. The fund may also hold positions in cash when the number of takeover targets are not met or when deals are consummated.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Cash
Stocks92.46%
Finance12.11%
Consumer Non-Durables7.37%
Retail Trade7.34%
Electronic Technology7.33%
Technology Services7.18%
Communications6.35%
Health Technology5.82%
Consumer Services5.09%
Transportation4.37%
Utilities2.45%
Non-Energy Minerals2.41%
Industrial Services1.67%
Commercial Services0.70%
Process Industries0.22%
Bonds, Cash & Other7.54%
Cash38.86%
Miscellaneous−31.32%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ARB last dividends amounted to 0.31 USD. The year before, the issuer paid 1.08 USD in dividends, which shows a 247.93% decrease.
ARB assets under management is 82.42 M USD. It's risen 0.27% over the last month.
ARB fund flows account for 7.60 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ARB pays dividends to its holders with the dividend yield of 1.09%. The last dividend (Dec 19, 2024) amounted to 0.31 USD. The dividends are paid annually.
ARB shares are issued by Water Island Capital Partners LP under the brand Altshares. The ETF was launched on May 7, 2020, and its management style is Passive.
ARB expense ratio is 0.84% meaning you'd have to pay 0.84% of your investment to help manage the fund.
ARB follows the Water Island Merger Arbitrage USD Hedged Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ARB invests in stocks.
ARB price has fallen by −1.74% over the last month, and its yearly performance shows a 5.76% increase. See more dynamics on ARB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.28% over the last month, showed a 0.46% increase in three-month performance and has increased by 6.60% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.28% over the last month, showed a 0.46% increase in three-month performance and has increased by 6.60% in a year.
ARB trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.