AltShares Merger Arbitrage ETF

Frequently Asked Questions About ARB

What does ARB invest in?

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.

What is the expense ratio of ARB?

AltShares Merger Arbitrage ETF (ARB) charges an expense ratio of 0.76%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ARB?

AltShares Merger Arbitrage ETF (ARB) manages $90.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ARB actively managed or an index fund?

ARB is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ARB's is 0.76%) because there's no security selection cost.

When was ARB launched?

AltShares Merger Arbitrage ETF (ARB) launched in May 2020 and is managed by Altshares.

How has ARB performed?

ARB's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.