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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$25.95

$78.9 M

0.00%

0.67%

Vitals

YTD Return

0.6%

1 yr return

2.9%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$78.9 M

Holdings in Top 10

29.9%

52 WEEK LOW AND HIGH

$25.9
$25.40
$26.87

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund

Investment Style

Event Driven


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$25.95

$78.9 M

0.00%

0.67%

ARB - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AltShares Merger Arbitrage ETF
  • Fund Family Name
    AltShares
  • Inception Date
    May 07, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Plunkett

Fund Description

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.


ARB - Performance

Return Ranking - Trailing

Period ARB Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -11.6% 15.8% 72.00%
1 Yr 2.9% -33.0% 41.7% N/A
3 Yr N/A* -10.5% 13.4% N/A
5 Yr N/A* -4.8% 11.1% N/A
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period ARB Return Category Return Low Category Return High Rank in Category (%)
2021 3.2% -31.7% 23.2% N/A
2020 N/A -20.7% 10.7% N/A
2019 N/A -12.4% 14.7% N/A
2018 N/A -13.2% 12.9% N/A
2017 N/A -11.7% 7.9% N/A

Total Return Ranking - Trailing

Period ARB Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -11.7% 15.8% 75.00%
1 Yr 2.9% -33.0% 41.7% N/A
3 Yr N/A* -10.5% 13.4% N/A
5 Yr N/A* -4.8% 11.1% N/A
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ARB Return Category Return Low Category Return High Rank in Category (%)
2021 3.2% -31.7% 23.2% N/A
2020 N/A -20.7% 10.7% N/A
2019 N/A -12.4% 14.7% N/A
2018 N/A -12.7% 12.9% N/A
2017 N/A -11.5% 13.2% N/A

ARB - Holdings

Concentration Analysis

ARB Category Low Category High ARB % Rank
Net Assets 78.9 M 105 K 12.6 B 94.23%
Number of Holdings 121 5 2526 75.96%
Net Assets in Top 10 22.5 M -619 M 6.53 B 86.54%
Weighting of Top 10 29.85% 7.6% 96.1% 63.41%

Top 10 Holdings

  1. Cvxmss Trs Usd R V 01mfedl0 Fedl01 -40bps 5.88%
  2. Cvxmss Trs Usd P E Cvxmss Trs Re 5.88%
  3. Cvxmss Trs Usd R V 01mfedl0 Fedl01 -40bps 5.88%
  4. Cvxmss Trs Usd P E Cvxmss Trs Re 5.88%
  5. Cvxmss Trs Usd R V 01mfedl0 Fedl01 -40bps 5.88%
  6. Cvxmss Trs Usd P E Cvxmss Trs Re 5.88%
  7. Cvxmss Trs Usd R V 01mfedl0 Fedl01 -40bps 5.88%
  8. Cvxmss Trs Usd P E Cvxmss Trs Re 5.88%
  9. Cvxmss Trs Usd R V 01mfedl0 Fedl01 -40bps 5.88%
  10. Cvxmss Trs Usd P E Cvxmss Trs Re 5.88%

Asset Allocation

Weighting Return Low Return High ARB % Rank
Stocks
101.65% -57.09% 325.56% 5.77%
Other
0.59% -11.90% 43.69% 61.54%
Preferred Stocks
0.00% 0.00% 5.67% 59.62%
Convertible Bonds
0.00% 0.00% 95.47% 66.35%
Bonds
0.00% -1.04% 63.30% 65.38%
Cash
-2.25% -225.56% 102.75% 82.69%

Stock Sector Breakdown

Weighting Return Low Return High ARB % Rank
Technology
28.04% 0.00% 100.00% 23.66%
Healthcare
16.61% 0.00% 27.28% 5.38%
Financial Services
16.06% 0.00% 98.37% 27.96%
Industrials
9.96% 0.00% 27.58% 60.22%
Communication Services
8.98% 0.00% 33.72% 52.69%
Consumer Cyclical
5.98% 0.00% 29.06% 75.27%
Basic Materials
5.38% 0.00% 42.74% 48.39%
Real Estate
4.17% 0.00% 93.91% 62.37%
Energy
3.23% 0.00% 53.30% 31.18%
Consumer Defense
1.58% 0.00% 30.58% 82.80%
Utilities
0.00% 0.00% 66.28% 7.53%

Stock Geographic Breakdown

Weighting Return Low Return High ARB % Rank
US
81.19% -55.82% 325.56% 8.65%
Non US
20.46% -7.09% 86.98% 5.77%

ARB - Expenses

Operational Fees

ARB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.73% 9.52% 99.03%
Management Fee 0.75% 0.13% 1.65% 18.27%
12b-1 Fee 0.00% 0.00% 1.00% 10.17%
Administrative Fee N/A 0.06% 0.40% N/A

Sales Fees

ARB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ARB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ARB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 30.00% 483.00% N/A

ARB - Distributions

Dividend Yield Analysis

ARB Category Low Category High ARB % Rank
Dividend Yield 0.00% 0.00% 0.75% 41.35%

Dividend Distribution Analysis

ARB Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ARB Category Low Category High ARB % Rank
Net Income Ratio -0.14% -2.49% 4.20% 66.99%

Capital Gain Distribution Analysis

ARB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

ARB - Fund Manager Analysis

Managers

Christopher Plunkett


Start Date

Tenure

Tenure Rank

May 07, 2020

1.98

2.0%

Christopher Plunkett joined Water Island Capital in 2012 and serves as Portfolio Manager and Director of Technology and Data Analytics of the Water Island Capital. Prior to joining the firm, Mr. Plunkett held roles at Marathon Asset Management in operations and trading. Mr. Plunkett received a BS in Finance from Quinnipiac University.

Eric Becker


Start Date

Tenure

Tenure Rank

May 07, 2020

1.98

2.0%

Eric Becker joined Water Island Capital in 2010 and serves as a Portfolio Manage and Senior Investment Analyst of Water Island Capital. Prior to joining the firm, Mr. Becker worked for the Electronic Trading and Product Development divisions of Bloomberg Tradebook. Mr. Becker received an Executive MBA from Cornell University and a BS in Business Administration from Bucknell University.

John Orrico


Start Date

Tenure

Tenure Rank

May 07, 2020

1.98

2.0%

Mr. Orrico founded Water Island Capital, the advisor to The Arbitrage Funds, in 2000. He currently serves as Chairman of The Arbitrage Funds series trust and Chief Investment Officer of the firm. Prior to founding Water Island Capital, Mr. Orrico directed arbitrage, special situations, and distressed hedge fund portfolios at Lindemann Capital, which he joined in 1999, in conjunction with starting the organizational process for the Arbitrage Fund. Prior to joining Lindemann Capital, Mr. Orrico joined Gruss & Co in 1994, focusing on merger arbitrage and special situations, and became Senior Arbitrage Analyst in 1996. Mr. Orrico has worked in the securities industry since joining Morgan Stanley in 1982, beginning in corporate finance, with additional experience in institutional equity trading, equity research analysis and portfolio management. Mr. Orrico received a BA from Georgetown University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.59 6.3 9.42