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NYSEArca - Delayed Quote USD

AltShares Merger Arbitrage ETF (ARB)

28.18
-0.02
(-0.07%)
At close: April 17 at 3:54:46 PM EDT
28.18
-0.04
(-0.14%)
After hours: April 17 at 4:06:11 PM EDT

ETF Summary

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.

ETF Overview

Category Event Driven
Fund Family AltShares
Net Assets 82.06M
YTD Daily Total Return 2.43%
Yield 1.10%
Legal Type Exchange Traded Fund

ETF Operations

Attributes ARB Category Average
Annual Report Expense Ratio (net) 0.84% 1.88%
Holdings Turnover 550.00% 260.05%
Total Net Assets 3,677.80 3,677.80

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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