Key stats
About AltShares Merger Arbitrage ETF
Home page
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
Stocks92.85%
Finance11.67%
Consumer Non-Durables7.40%
Electronic Technology7.40%
Retail Trade7.38%
Technology Services7.18%
Communications6.44%
Health Technology5.78%
Consumer Services5.10%
Transportation4.28%
Utilities2.43%
Non-Energy Minerals2.41%
Industrial Services2.23%
Commercial Services0.72%
Process Industries0.23%
Bonds, Cash & Other7.15%
Cash38.62%
Miscellaneous−31.47%
Top 10 holdings
Dividends
Dividend payout history