ARB — AltShares Merger Arbitrage ETF
AltShares Merger Arbitrage ETF (ticker: ARB) is a alternatives ETF issued by Water Island Capital tracking Water Island Merger Arbitrage USD Hedged Index. It was launched on 2020-05-07.
About ARB
The AltShares Merger Arbitrage ETF (ARB) is an actively managed exchange-traded fund that invests in a portfolio of global merger arbitrage opportunities. The fund seeks to profit from the completion of publicly announced mergers, acquisitions, and other corporate reorganizations. It holds 86 different positions, including cash and individual companies such as WARNER BROS DISCOVERY INC, NORFOLK SOUTHERN CORP, AES CORP, and ELECTRONIC ARTS INC. Investors might consider ARB for exposure to a merger arbitrage strategy, which aims to generate returns regardless of market direction by capitalizing on price discrepancies between the target company's stock and the acquiring company's offer. The fund offers an alternatives strategy in a liquid ETF wrapper.
- Tracks the Water Island Merger Arbitrage USD Hedged Index.
- AUM: $100M.
- Expense Ratio: 0.01%.
- Total Holdings: 86.
- Strategy: Multi-factor, focusing on hedge fund-like arbitrage opportunities.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 0.03% |
| 1 Week | -0.02% |
| 1 Month | 0.15% |
| 3 Months | 0.90% |
| 6 Months | 1.84% |
| YTD | 1.70% |
| 1 Year | 4.45% |
| 3 Years | 19.92% |
| 5 Years | 20.56% |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | SPGI | N/A | — |
| 2 | CHESAPEAKE ENERGY CORP | CHK | — |
| 3 | EQUINITI GROUP PLC | EQN | — |
| 4 | GBPUSD CURNCY | N/A | — |
| 5 | CAD | @CASHCAD | — |
| 6 | CITIZENS FINANCIAL GROUP | CFG | — |
| 7 | EURO CASH POSITION | @CASHEUR | — |
| 8 | ARROW GLOBAL GROUP PLC | ARW | — |
| 9 | CHARLES STANLEY GROUP PLC | CAY | — |
| 10 | CADUSD CURNCY | N/A | — |
Fund Profile
| Issuer | Water Island Capital |
|---|---|
| Brand | Altshares |
| Asset Class | alternatives |
| Strategy | Multi-factor |
| Structure | ETF |
| Category | Hedge Fund Strategies |
| Segment | Alternatives: Hedge Fund Strategies |
| Region | North America |
| Index Tracked | Water Island Merger Arbitrage USD Hedged Index |
| Inception Date | 2020-05-07 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | ARB |
|---|---|
| Full Name | AltShares Merger Arbitrage ETF |
| Issuer | Water Island Capital |
| Asset Class | alternatives |
| Expense Ratio | 0.01% |
| AUM | $103.24M |
| Inception | 2020-05-07 |
| Index Tracked | Water Island Merger Arbitrage USD Hedged Index |
Frequently Asked Questions
What does ARB track?
ARB (AltShares Merger Arbitrage ETF) tracks Water Island Merger Arbitrage USD Hedged Index, a alternatives benchmark.
What is the expense ratio of ARB?
ARB has an expense ratio of 0.01% per year.
What is the AUM of ARB?
ARB has approximately $103.24M in assets under management.
Does ARB pay a dividend?
ARB distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues ARB?
ARB is issued by Water Island Capital under the Altshares brand, launched on 2020-05-07.
Open the interactive ARB dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.