ARB vs. ICF ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to iShares Cohen & Steers REIT ETF (ICF)

ARB

AltShares Merger Arbitrage ETF

ARB Description

AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$26.72

Average Daily Volume

21,777

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ICF

iShares Cohen & Steers REIT ETF

ICF Description

The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index consists of selected real estate investment trusts ("REITs"). The objective of the underlying index is to represent relatively large and liquid REITs that may benefit from future consolidation and securitization of the U.S. real estate industry. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.58

Average Daily Volume

139,794

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	ICF
30 Days	-1.67%	-6.41%
60 Days	-0.47%	-5.13%
90 Days	-0.12%	-4.86%
12 Months	4.12%	0.14%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in ICF	Overlap

ARB Overweight 32 Positions Relative to ICF

Symbol	Grade	Weight
PXD	B	3.66%
HES	A	3.57%
CTLT	C	3.52%
ANSS	C	3.4%
MDC	A	2.74%
AXNX	D	2.74%
DOOR	A	2.7%
JNPR	D	2.68%
CERE	A	2.64%
EVBG	B	2.08%
VZIO	C	2.0%
KAMN	A	1.96%
DFS	A	1.89%
CPRI	F	1.88%
SWN	A	1.86%
X	D	1.82%
SP	B	1.39%
HAYN	A	1.39%
AMED	D	1.36%
OLK	C	1.31%
HA	D	1.29%
MGRC	C	1.01%
WRK	B	0.99%
EGLE	B	0.73%
TAST	A	0.69%
NWLI	A	0.66%
CNSL	C	0.65%
CSTR	A	0.61%
TGAN	B	0.52%
ONB	B	-0.13%
CHRD	A	-1.89%
COF	A	-2.2%

ARB Underweight 30 Positions Relative to ICF

Symbol	Grade	Weight
EQIX	F	-7.57%
AMT	F	-7.55%
PLD	F	-6.83%
WELL	A	-6.8%
SPG	C	-6.16%
O	A	-5.93%
DLR	B	-5.57%
CCI	F	-5.56%
PSA	D	-5.54%
VICI	D	-3.88%
EXR	D	-3.76%
AVB	A	-3.52%
EQR	A	-2.86%
SBAC	F	-2.84%
INVH	B	-2.6%
ARE	D	-2.43%
ESS	A	-2.03%
MAA	C	-1.98%
SUI	D	-1.97%
HST	D	-1.77%
KIM	D	-1.63%
ELS	F	-1.57%
AMH	B	-1.51%
UDR	A	-1.48%
LAMR	B	-1.31%
REG	D	-1.29%
REXR	F	-1.21%
BXP	C	-1.17%
FRT	A	-0.99%
CUZ	B	-0.45%