ARB

AltShares Merger Arbitrage ETF
*Unless otherwise stated, data provided by FactSet.

ARB Fund Description

ARB tracks a global USD-hedged index that uses a merger arbitrage strategy by providing long exposure to takeover targets and short exposure the acquiring company.

ARB Factset Analytics Insight

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.

PERFORMANCE [as of 10/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ARB 0.50% 0.76% 2.11% 3.90% -- -- --
ARB (NAV) 0.62% 0.62% 2.41% 4.17% -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ARB Summary Data

Altshares
05/07/20
Open-Ended Fund
0.87%
$7.85M
$48.16K
0.21%

ARB Portfolio Data

Merger Arbitrage
2.80%
N/A
--

ARB Index Data

Water Island Merger Arbitrage USD Hedged Index
Multi-Factor
Multi-Factor
N/A

ARB Portfolio Management

0.87%
--
--
--

ARB Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

ARB Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
High
Daily

ARB Factset Analytics Block Liquidity

As of 10/22/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ARB. ARB is rated a N/A out of 5.

ARB Tradability

1,914
$48.16K
865
$19.82K
0.21%
$0.05
0.10%
0.39% / -0.28%
None
--
10,000
0.09
0.10%
--
0
$25.93
N/A

ARB Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

ARB Top 5 Holdings Long

Xilinx, Inc. 2.91%
PPD, Inc. 2.59%

ARB Top 5 Holdings Short

ARB Performance Statistics

4.17%
1.59%
-0.62%
0.07
0.07
-0.19
23.71

ARB Correlations (Daily Returns 12 Mo)

0.20
-0.03
0.07