Key stats
About AltShares Merger Arbitrage ETF
Expense ratio
0.77%
Home page
Inception date
May 7, 2020
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
Health Technology
Finance
ETF
Stocks90.97%
Technology Services16.79%
Health Technology16.11%
Finance13.02%
Energy Minerals8.91%
Producer Manufacturing4.92%
Consumer Services4.38%
Commercial Services4.04%
Non-Energy Minerals3.07%
Process Industries2.76%
Industrial Services2.37%
Utilities1.64%
Retail Trade1.56%
Health Services1.30%
Transportation1.28%
Communications0.53%
Electronic Technology0.23%
Consumer Durables−0.02%
Bonds, Cash & Other9.03%
ETF14.81%
Cash3.99%
Temporary0.52%
Miscellaneous−10.29%