ARB

AltShares Merger Arbitrage ETF

Water Island M&A hdg TR USD

NAV as of 22-Sep-2023

26.2200

4 Week: 25.92 - 26.21

52 Week: 24.71 - 27.27

Latest Closing Price

26.21

Premium / Discount

0.06

Expense Ratio

0.76%

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:
67,273,358
Launch Date:
06/05/2020
Asset Class:
Alternative
Replication Method:
Physical-Full
Number of Holdings:
81
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
YTD1.750.354.98
1 Day0.230.000.00
1 Week0.190.330.56
1 Month1.390.702.00
3 Months3.861.312.94
6 Months5.034.191.20
1 Year-2.606.81-0.38
2 Years1.639.290.18
3 Years3.0910.460.30
5 Years0.000.000.00
10 Years0.000.000.00

Price History

-

Annual Performance Return

2013201420152016201720182019202020212022
Price (%) 0.00000.00000.00000.00000.00000.00000.00000.00003.19912.5939
Nav (%) 0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
Rank 0.00000.00000.00000.00000.00000.00000.00000.000052.000018.0000

Dividend Frequency

Lastest Dividend

Ex Date Payment Date Dividend Payout per unit
N.A

Portfolio Data

Total Number of Holdings: 81

Number of Bond Holdings: 0

Number of Equity Holdings: 52

Total Market Value: 67,273,358

Portfolio Composition

Top 10 Holdings

% Portfolio Weight Shares Owned Shares Changed Market Value
1Prometheus Biosciences Inc3.726411,25311,2532,235,971
2IVERIC bio Inc3.673658,39358,3932,204,336

Country Exposure

Regional Exposure

America

Greater Europe

Greater Asia

Market Classification

Market Capitalization

Size% of portfolio
Giant0.00
Large2.60
Medium29.82
Small34.67
Micro25.90

Equity Style Box Breakdown

000Large
000Mid
000Small
ValueBlendGrowth

Value Measures

Price/Prospective Earnings*

13.2862

Price/Book*

2.6411

Price/Sales*

0.8608

Price/Cash Flow*

7.3652

Dividend Yield*

1.8407

Growth Measures

Long-Term Earnings

16.0529

Historical Earnings

13.5852

Sales Growth

14.3610

Cash-Flow Growth

6.2963

Book-Value Growth

4.8105

*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

© 2019 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein:

(1) include the proprietary information of Morningstar and Morningstar’s third party licensors;
(2) may not be copied or redistributed except as specifically authorised;
(3) do not constitute investment advice;
(4) are provided solely for informational purposes;
(5) are not warranted to be complete, accurate or timely; and
(6) may be drawn from fund data published on various dates.

Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

For the most up-to-date fund’s data and information, a copy of the fund factsheet, information or prospectus may be obtained from the respective ETF issuer.

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