AltShares Merger Arbitrage ETF (ARB)
25.08
+0.09
(+0.34%)
USD |
NYSEARCA |
Mar 24, 16:00
24.65
-0.43
(-1.71%)
After-Hours: 20:00
Key Stats
| Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.76% | -0.24% | 60.79M | 58964.87 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (All) |
| 4.29% | 414.0% | -1.058M | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its underlying index, the Water Island Merger Arbitrage USD Hedged Index. The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Under normal market conditions, it will invest at least 80% of its net assets (including borrowings for investment purposes) in the constituents of the index and in financial instruments with economic characteristics similar to such constituents such as swaps on such constituents. The fund is non-diversified. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Small Cap/Growth |
| Fixed Income Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Category Name | Event Driven |
| Category Index | Morningstar Mod Con Tgt Risk TR USD |
| Global Category Name | Market Neutral |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | AltShares |
| Prospectus Benchmark Index | |
| Water Island M&A hdg TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
| Manager Tenure | |
| Christopher Plunkett | 2.82 yrs |
| Eric Becker | 2.82 yrs |
| John Orrico | 2.82 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
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Category Low
--
Category High
1 Year
% Rank:
44
-1.058M
-857.36M
Category Low
1.619B
Category High
3 Months
% Rank:
--
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Category Low
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Category High
3 Years
% Rank:
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Category Low
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Category High
6 Months
% Rank:
--
--
Category Low
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Category High
5 Years
% Rank:
--
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Category Low
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Category High
YTD
% Rank:
--
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Category Low
--
Category High
10 Years
% Rank:
--
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Category Low
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Category High
As of February 28, 2023
Risk
Performance Versus Category
As of March 24, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 24, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| VMware Inc Class A | 3.98% | 122.28 | 2.70% |
|
STORE Capital Corp
|
3.87% | -- | -- |
|
Abiomed Inc
|
3.79% | -- | -- |
|
Archaea Energy Inc Class A
|
3.79% | -- | -- |
| Altra Industrial Motion Corp | 3.77% | 61.98 | -0.02% |
| First Horizon Corp | 3.75% | 16.76 | 6.21% |
|
Myovant Sciences Ltd
|
3.71% | -- | -- |
| Atlas Corp | 3.51% | 15.48 | 0.72% |
|
AVEVA Group PLC
|
3.49% | -- | -- |
| ForgeRock Inc Class A | 3.47% | 20.42 | 0.74% |
News
Headline
Wire
Time (ET)
Basic Info
| Investment Strategy | |
| The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its underlying index, the Water Island Merger Arbitrage USD Hedged Index. The fund seeks to track the performance of the index, which is designed to reflect a global merger arbitrage strategy. Under normal market conditions, it will invest at least 80% of its net assets (including borrowings for investment purposes) in the constituents of the index and in financial instruments with economic characteristics similar to such constituents such as swaps on such constituents. The fund is non-diversified. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Small Cap/Growth |
| Fixed Income Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Category Name | Event Driven |
| Category Index | Morningstar Mod Con Tgt Risk TR USD |
| Global Category Name | Market Neutral |
| YCharts Categorization | Other |
| YCharts Benchmark | S&P 500 Total Return (^SPXTR) |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | AltShares |
| Prospectus Benchmark Index | |
| Water Island M&A hdg TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
| Manager Tenure | |
| Christopher Plunkett | 2.82 yrs |
| Eric Becker | 2.82 yrs |
| John Orrico | 2.82 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-24-23) | 4.29% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 20.44 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of November 30, 2022
Fund Details
| Key Dates | |
| Inception Date | 5/7/2020 |
| Last Annual Report Date | 5/31/2022 |
| Last Prospectus Date | 9/30/2022 |
| Attributes | |
| Index Fund |
|
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |
News
Headline
Wire
Time (ET)