Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
Upgrade to Premium to get unlimited access to Ratings, Recommendations, Payout Estimates, and more.

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

AltShares Merger Arbitrage ETF

ARB | ETF

$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

AltShares Merger Arbitrage ETF

ARB | ETF

$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

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.