ARBAltShares Merger Arbitrage ETF
Seeks to provide investment results that closely correspond to the performance of the Water Island Merger Arbitrage USD Hedged Index.
By AltShares · Launched 2020
Annual Cost
0.76%
#4,041 of 5,854 · expensive
Fund Size
$105M
#2,956 of 5,854 · mid-size
Dividend YieldGoal
0.42%
Track Record
6 years
#2,054 of 5,854 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,335+3.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
GlobalStrategy
Arbitrage
Index tracked
Water Island Merger Arbitrage USD Hedged Index
What it actually holds
By weightConcentration
Top 10 holdings = 42.6% of fundmoderately concentrated
MORGAN STANLEY PRIME BROKER US
16.0%
Warner Bros Discovery Inc
3.8%
Exact Sciences Corp
3.0%
JDE Peet's NV
2.9%
Hologic Inc
2.8%
Clearwater Analytics Holdings Inc
2.8%
Masimo Corp
2.8%
Electronic Arts Inc
2.8%
Chart Industries Inc
2.8%
Confluent Inc
2.8%
Asset allocation
Stocks
77.9%
Cash
22.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.4%Low
Year-on-year price swings
Max drawdown
-5.6%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.60Decent risk-adjusted returns
Sortino (3Y)
0.85Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide investment results that closely correspond to the performance of the Water Island Merger Arbitrage USD Hedged Index.
- Strategy
- Tracks the Water Island Merger Arbitrage USD Hedged Index, reflecting a global merger arbitrage strategy. Invests in long positions in target stocks and may use derivatives for exposure, hedging against currency fluctuations and deal value declines.
- Inception date
- May 7, 2020
- Fund family
- AltShares
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Data updated on 2026-08-04