ARBAltShares Merger Arbitrage ETF

Stay safe Grow my money6y track recordRanked #135 of 340 in this goal

Seeks to track the performance of the Water Island Merger Arbitrage USD Hedged Index.

By AltShares · Launched 2020

Annual Cost

0.76%

#3,883 of 5,562 · expensive

Fund Size

$103M

#2,910 of 5,562 · mid-size

Dividend YieldGoal

0.43%

Track Record

6 years

#2,099 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,494+4.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Arbitrage

Index tracked

Water Island Merger Arbitrage USD Hedged Index

What it actually holds

By weight

Concentration

Top 10 holdings = 42.4% of fundmoderately concentrated

MORGAN STANLEY PRIME BROKER US

14.9%

Comerica Inc

3.2%

Norfolk Southern Corp

3.1%

Hologic Inc

3.1%

Electronic Arts Inc

3.0%

Dayforce Inc

3.0%

Avidity Biosciences Inc

3.0%

Chart Industries Inc

3.0%

Exact Sciences Corp

3.0%

Merus NV

3.0%

Asset allocation

Stocks

83.8%

Cash

16.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.1%Low

Year-on-year price swings

Max drawdown

-5.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.79Decent risk-adjusted returns

Sortino (3Y)

1.14Good downside protection

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to track the performance of the Water Island Merger Arbitrage USD Hedged Index.
Strategy: Invests primarily in long positions of target stocks in merger transactions and short positions in acquirers' stocks to capture deal spreads. Uses derivatives for exposure and hedges against currency fluctuations.
Inception date: May 7, 2020
Fund family: AltShares