ARB vs. PPTY ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to PPTY U.S. Diversified Real Estate ETF (PPTY)

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

$26.79

Average Daily Volume

22,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PPTY

PPTY U.S. Diversified Real Estate ETF

PPTY Description

The investment seeks to track the performance, before fees and expenses, of the PPTYX - U.S. Diversified Real Estate Index¿ (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2017 by the fund's index provider and an affiliate of the fund's sub-adviser, and uses a rules-based methodology to provide diversified exposure to the liquid U.S. real estate market.

Grade (RS Rating)

Last Trade

$29.20

Average Daily Volume

8,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	PPTY
30 Days	-1.06%	0.14%
60 Days	-1.16%	-1.57%
90 Days	0.70%	1.58%
12 Months	6.15%	8.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in PPTY	Overlap

ARB Overweight 32 Positions Relative to PPTY

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

ARB Underweight 91 Positions Relative to PPTY

Symbol	Grade	Weight
AVB	A	-4.09%
EQIX	F	-3.51%
PLD	D	-3.37%
FCPT	B	-3.3%
EQR	A	-3.14%
SPG	D	-2.96%
DLR	C	-2.91%
DEA	B	-2.87%
AMH	C	-2.71%
WELL	A	-2.43%
TRNO	F	-2.35%
KRC	D	-2.31%
ARE	D	-2.18%
MAR	D	-2.18%
UDR	B	-2.12%
MAA	B	-2.11%
ESS	A	-2.04%
HIW	A	-1.87%
REG	F	-1.79%
HLT	D	-1.71%
FRT	B	-1.66%
COLD	F	-1.63%
BXP	D	-1.63%
AAT	B	-1.55%
STAG	D	-1.48%
CPT	B	-1.48%
IIPR	B	-1.39%
CUZ	B	-1.35%
ESRT	D	-1.29%
KIM	C	-1.27%
DOC	B	-1.26%
WPC	C	-1.25%
VTR	B	-1.2%
CSR	A	-1.19%
SKT	D	-1.19%
AIRC	A	-1.14%
EGP	F	-1.12%
AHH	B	-1.02%
KRG	C	-1.0%
SUI	F	-0.98%
INVH	B	-0.97%
LXP	D	-0.94%
SLG	B	-0.85%
GTY	B	-0.85%
DBRG	F	-0.81%
PSA	D	-0.79%
H	D	-0.79%
EQC	C	-0.78%
PECO	F	-0.78%
ELS	D	-0.7%
HST	D	-0.68%
SITC	C	-0.62%
OHI	B	-0.62%
EXR	C	-0.57%
ADC	B	-0.56%
FR	D	-0.55%
NTST	C	-0.54%
RHP	D	-0.52%
WH	D	-0.48%
CHH	C	-0.47%
NHI	A	-0.46%
CTRE	B	-0.42%
APLE	F	-0.39%
SHO	D	-0.36%
DEI	B	-0.33%
CHCT	F	-0.31%
LTC	A	-0.31%
NHC	C	-0.3%
SBRA	C	-0.29%
CUBE	D	-0.29%
UMH	B	-0.28%
JBGS	F	-0.28%
BRX	C	-0.26%
DRH	D	-0.23%
NSA	D	-0.22%
IVT	B	-0.19%
ALEX	C	-0.17%
REXR	D	-0.13%
IRT	B	-0.11%
EPRT	A	-0.11%
AIV	B	-0.11%
BNL	B	-0.1%
UE	B	-0.1%
O	B	-0.1%
AKR	B	-0.1%
NNN	A	-0.1%
ROIC	D	-0.09%
BFS	F	-0.09%
VNO	D	-0.09%
PLYM	F	-0.09%
GMRE	D	-0.08%