ARB AltShares Merger Arbitrage ETF
Water Island M&A hdg TR USD

NAV as of 16-May-2022

25.7500

4 Week: 25.77 - 26.60

52 Week: 25.40 - 26.87

Latest Closing Price

25.77

Premium / Discount

0.02

Expense Ratio

0.67%

Investment Objective

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of its underlying index, the Water Island Merger Arbitrage USD Hedged Index. 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.

Main Fund Characteristics

Fund Manager:
AltShares
Asset Under Management:
90,832,080
Launch Date:
06/05/2020
Asset Class:
Alternative
Replication Method:
Physical-Full
Number of Holdings:
99
Trading Currency:
USD
Style:
Small Blend
Region/Sector/Strategy:
N.A / N.A / Market Neutral
Exchange:
NYSE

Performance

Period Performance Returns(%) Volatility(%) Risk Adjusted Performance
YTD-0.650.25-2.61
1 Day0.760.000.00
1 Week-0.371.12-0.33
1 Month-2.281.72-1.32
3 Months-1.252.12-0.59
6 Months-0.485.51-0.09
1 Year1.155.880.19
2 Years0.000.000.00
3 Years0.000.000.00
5 Years0.000.000.00
10 Years0.000.000.00

Price History

-

Annual Performance Return

2012201320142015201620172018201920202021
Price (%) 0.00000.00000.00000.00000.00000.00000.00000.00000.00003.1991
Nav (%) 0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
Rank 0.00000.00000.00000.00000.00000.00000.00000.00000.000052.0000

Dividend Frequency

Lastest Dividend

Ex Date Payment Date Dividend Payout per unit
N.A

Portfolio Data

Total Number of Holdings: 99

Number of Bond Holdings: 0

Number of Equity Holdings: 58

Total Market Value: 90,832,080

Portfolio Composition

Top 10 Holdings

% Portfolio Weight Shares Owned Shares Changed Market Value
1Arena Pharmaceuticals Inc3.206225,45625,4562,417,556

Country Exposure

Regional Exposure

America

Greater Europe

Greater Asia

Market Classification

Market Capitalization

Size% of portfolio
Giant0.00
Large7.45
Medium27.72
Small44.57
Micro21.91

Equity Style Box Breakdown

000Large
000Mid
000Small
ValueBlendGrowth

Value Measures

Price/Prospective Earnings*

20.6324

Price/Book*

3.1424

Price/Sales*

2.3395

Price/Cash Flow*

12.1297

Dividend Yield*

1.1221

Growth Measures

Long-Term Earnings

14.7914

Historical Earnings

-1.0906

Sales Growth

0.5150

Cash-Flow Growth

0.8588

Book-Value Growth

4.1591

*Forward-looking based on historical data.

Equity Sector

Number of Bond Holdings

0

Bond Statitics

DetailValue
Average Effective Duration0
Average Effective Maturity (Years)*0
Average Credit Quality0
Average Weighted Coupon*0
Average Weighted Price*0

Bond Style Box Breakdown

000HighQuality
000Med
000Low
LtdModExt
Interest-Rate Sensitivity

Credit Quality

Type% Bonds
N.A

Bond Sector

Type
% Bonds

Bond Maturity

% Bonds
N.A

Data Source: Morningstar

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