ARB
·ARCA
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Key Stats
Assets Under Management
98.42MUSD
Fund Flows (1Y)
14.62MUSD
Dividend Yield
1.06%
Discount/Premium to NAV
0.10%
Shares Outstanding
3.38M
Expense Ratio
0.76%
About AltShares Merger Arbitrage ETF
Issuer
Water Island Capital
Brand
Altshares
Home Page
Inception Date
May 7, 2020
Structure
Open-Ended Fund
Index Tracked
Water Island Merger Arbitrage USD Hedged Index
Management Style
Passive
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 acquirer's 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
Asset Class
Alternatives
Category
Hedge Fund Strategies
Focus
Long/Short
Niche
Merger Arbitrage
Strategy
Multi-factor
Geography
U.S.
Weighting Scheme
Multi-Factor
Selection Criteria
Multi-factor
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.38% | +0.31% | +5.74% | +3.71% | +13.22% | +15.20% |
NAV Total Return | +0.48% | +0.52% | +5.55% | +6.16% | +14.48% | +21.78% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Technology
21.80%
Industrials
15.12%
Financial Services
14.56%
Communication Services
12.85%
Healthcare
12.17%
Consumer Cyclical
11.24%
Utilities
4.30%
Basic Materials
4.00%
Consumer Defensive
2.39%
Technology
21.80%
Industrials
15.12%
Financial Services
14.56%
Communication Services
12.85%
Healthcare
12.17%
Consumer Cyclical
11.24%
Utilities
4.30%
Basic Materials
4.00%
Consumer Defensive
2.39%
Show more
Asset
Region
78.33%
21.67%
Category
Ratio
North America
78.33%
Europe
21.67%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Multi-Cap Blend
Provides exposure to companies of various sizes that exhibit both growth and value characteristics. This category offers a diversified portfolio with a mix of market caps.
Top 10 Holdings
Symbol
Ratio
USD
21.35%
WBD
Warner Bros
3.65%
NSC
Norfolk Southern
3.21%
GTLS
Chart Industries
3.15%
EA
Electronic Arts
3.10%
HOLX
Hologic
3.09%
DAY
Dayforce
3.09%
EXAS
Exact Sciences
3.07%
RNA
Avidity Biosciences
3.06%
CDTX
Cidara Therapeutics
3.01%
Top 10 Weight 49.78%
80 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2024-12-18 | 2024-12-18 | 2024-12-19 | 0.309 |
| 2022-12-15 | 2022-12-16 | 2022-12-19 | 1.076 |
| 2020-12-17 | 2020-12-18 | 2020-12-21 | 0.726 |
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
