ARB
AltShares Merger Arbitrage ETF·NYSE
--
--(--)
--
--(--)
Key Stats
Assets Under Management
103.09MUSD
Fund Flows (1Y)
19.83MUSD
Dividend Yield
0.43%
Discount/Premium to NAV
0.03%
Shares Outstanding
3.54M
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 | +0.59% | +0.66% | +0.42% | +4.19% | +14.25% | +14.97% |
NAV Total Return | +0.21% | +0.95% | +0.48% | +4.79% | +15.77% | +22.15% |
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
Healthcare
22.48%
Technology
18.28%
Financial Services
15.27%
Industrials
12.09%
Communication Services
10.27%
Consumer Cyclical
9.29%
Real Estate
4.37%
Utilities
4.29%
Basic Materials
3.10%
Healthcare
22.48%
Technology
18.28%
Financial Services
15.27%
Industrials
12.09%
Communication Services
10.27%
Consumer Cyclical
9.29%
Real Estate
4.37%
Utilities
4.29%
Basic Materials
3.10%
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
30.86%
WBD
Warner Bros
3.64%
HOLX
Hologic
3.39%
NSC
Norfolk Southern
3.00%
JDE PEET'S NV
2.91%
GTLS
Chart Industries
2.84%
EXAS
Exact Sciences
2.79%
CFLT
Confluent
2.77%
EA
Electronic Arts
2.72%
CWAN
Clearwater Analytics
2.72%
Top 10 Weight 57.64%
84 Total Holdings
Is SPY better than ARB?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-18 | 2025-12-18 | 2025-12-19 | 0.126 |
| 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 |
How Much Does ARB Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy ARB?
Fund Flows
