This exchange-traded fund aims to replicate the performance of an underlying index, which itself is constructed to pursue a worldwide merger arbitrage investment strategy. Typically, at least 80% of its net assets—including any capital acquired through borrowing for investment—will be allocated either directly to the securities comprising the index or to financial instruments, such as swaps, that offer similar economic exposure to those underlying components. The portfolio maintains a non-diversified investment status.

Xilinx, Inc.

PPD, Inc.

Cornerstone OnDemand, Inc.

Medallia, Inc.

Trillion Dollar Club Index ETF

Nuance Communications, Inc.

Hill-Rom Holdings, Inc.

Kansas City Southern

Sanderson Farms, Inc.

Golden Nugget Online Gaming, Inc.

Financial Services

Healthcare

Technology

Industrials

Communication Services

Consumer Defensive

Consumer Cyclical

Basic Materials

Utilities

Real Estate

AltShares Merger Arbitrage ETF

ARB is the first ETF by AltShares Trust and the first merger arbitrage fund that hedges foreign currency exposure. The fund is passively managed to invest in a developed market index of all-cap equities, focused on publicly-announced stock-for-stock mergers or acquisitions. The fund takes long positions on 30-50 takeover targets, while shorting the acquiring firms to hedge the acquirers stock price decline. The index rebalances and reconstitutes twice a month. ARB hedges its FX risks against the USD using forward currency or futures contracts. The fund may also hold positions in cash when the number of takeover targets are not met or when deals are consummated.

ARB Holdings & Sector Breakdown

ARB Holdings & Sector Breakdown