Fund Evaluator:
AltShares Merger Arbitrage ETF (ARB)
Follow This Fund
Alternative Strategies
Global Asset Class
Alternative
Fund Group
Event Driven
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.76% A
Expense Ratio
$101 Mil
Assets
Open
Status
na
12b-1 Fee
0.42%
TTM Yield
0.00%
Max Load
431%
Portfolio Turnover
Best Performing in Event Driven Over the Last Year
| 5.1% | NexPoint Merger Arbitrage Z (HMEZX) |
| -1.5% | NexPoint Event Driven Z (HHCZX) |
Data as of 7/31/2026
-0.2% D
1-Mo Return
0.4% D
3-Mo Return
2.2% D
YTD Return
3.3% D
1-Yr Return
5.5% D
3-Yr Return
4.1% C
5-Yr Return
0.43 A
Category Risk Index
0.17
Total Risk Index
Fund Details
Fund Family
AltShares
Inception Date
5/7/2020
Share Class Type
Equity Investment Style
Small-Cap
Blend
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
Yes
Benchmark Index
S&P 500 (TR) (1970): 100%
Additional Fund Details
AltShares Merger Arbitrage ETF Overview
ARB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ARB Return (NAV) | -0.2% | 0.4% | 3.3% | 5.5% | 4.1% | na |
| ARB Grade | D | D | D | D | C | na |
| +/- Category | -0.2% | -0.3% | -2.7% | -0.8% | 0.3% | na |
| Event Driven Avg | 0.0% | 0.7% | 6.0% | 6.3% | 3.9% | 4.4% |
| ARB Tax Cost Ratio | na | na | 0.2% | 0.2% | 0.5% | na |
ARB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ARB Return (NAV) | 2.2% | 5.6% | 4.0% | 4.0% | 2.6% | 3.2% | na | na | na | na | na |
| ARB Grade | D | F | D | C | A | C | na | na | na | na | na |
| +/- Category | -0.1% | -3.3% | -0.2% | -0.8% | 4.2% | 0.8% | na | na | na | na | na |
| Event Driven Avg | 2.4% | 8.9% | 4.2% | 4.8% | -1.6% | 2.4% | 7.7% | 7.0% | 3.1% | 4.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 2.0% |
| Total Risk Index: | 0.17 - Low |
| Category Risk Index: | 0.43 - Low |
| Category Risk Grade: | A (14% Rank) |
| Beta: | 0.03 |
| R-Squared: | 3% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $101 Mil |
| Fund Total Assets: | $ 102 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 431% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 6.2 years | |||
| Average Tenure: 6.2 years | |||
| Managers (Year): Becker Eric (2020), Plunkett Christopher (2020), Orrico John (2020) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 99 |
| % in Top 10 Holdings: | 28.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 16.0% |
Portfolio Allocation |
|
| Domestic Stock: | 61.9% |
| Foreign Stock: | 16.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.4% |
| Cash: | 22.5% |
Purchase Information
| Fund Family: | AltShares |
| Phone Number: | 855-955-1607 |
| Website: |
| Status: | Open |
| Inception Date: | May 7, 2020 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.76% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.92% |
| Share Class: | AltShares Merger Arbitrage ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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