Key stats
About AltShares Merger Arbitrage ETF
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Inception date
May 7, 2020
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
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
What's in the fund
Exposure type
Technology Services
Cash
Stocks91.62%
Technology Services17.47%
Finance9.99%
Non-Energy Minerals6.88%
Communications5.38%
Process Industries4.89%
Health Technology4.41%
Consumer Non-Durables4.37%
Industrial Services2.33%
Retail Trade2.24%
Producer Manufacturing2.24%
Consumer Services2.21%
Distribution Services2.21%
Transportation1.99%
Utilities1.75%
Commercial Services1.16%
Electronic Technology1.03%
Bonds, Cash & Other8.38%
Cash38.20%
Temporary0.60%
Miscellaneous−30.42%
Displays a symbol's price movements over previous years to identify recurring trends.