ARB vs. PTF ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to PowerShares Dynamic Technology (PTF)

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

$27.95

Average Daily Volume

8,778

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PTF

PowerShares Dynamic Technology

PTF Description

The PowerShares Dynamic Technology Sector Portfolio (Fund) is based on the Dynamic Technology Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of stocks of 60 US technology companies. These companies are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$64.42

Average Daily Volume

20,003

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	PTF
30 Days	0.67%	2.50%
60 Days	1.19%	3.10%
90 Days	2.09%	18.79%
12 Months	6.56%	51.08%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in PTF	Overlap

ARB Overweight 44 Positions Relative to PTF

Symbol	Grade	Weight
MRO	C	2.76%
RCM	A	2.73%
CTLT	D	2.72%
HCP	A	2.72%
SPR	C	2.68%
K	A	2.67%
JNPR	A	2.66%
ANSS	C	2.57%
INFN	B	2.27%
SRCL	A	2.19%
CHX	F	2.19%
ENV	A	2.17%
SILK	A	2.16%
PETQ	A	2.14%
EVRI	A	2.13%
RVNC	C	2.07%
HA	A	2.02%
HES	B	1.95%
DFS	A	1.9%
X	C	1.85%
DO	D	1.83%
ALE	A	1.81%
PRFT	A	1.81%
PWSC	C	1.81%
AXNX	A	1.81%
INST	A	1.79%
VZIO	C	1.78%
AMK	B	1.78%
GTHX	A	1.72%
SRDX	D	1.4%
FBMS	B	1.16%
HTLF	A	1.15%
BALY	A	1.14%
CHUY	B	1.13%
TWKS	A	1.11%
MGRC	A	1.07%
ITI	A	1.07%
SWN	C	0.94%
CALT	C	0.58%
AAN	B	0.56%
CNSL	A	0.54%
AGS	A	0.53%
HAYN	A	0.53%
SRCL	A	0.5%

ARB Underweight 41 Positions Relative to PTF

Symbol	Grade	Weight
APP	B	-7.67%
AAPL	C	-6.59%
FICO	B	-4.02%
ANET	B	-3.71%
KLAC	F	-3.27%
ZETA	C	-3.25%
COMM	A	-2.98%
NTNX	B	-2.79%
COHR	B	-2.75%
PLTR	B	-2.73%
PI	C	-2.59%
GWRE	B	-2.46%
MSFT	D	-2.45%
VRNS	D	-2.22%
TDS	B	-2.22%
MSI	B	-2.21%
GDDY	A	-2.18%
TTD	B	-2.17%
IOT	C	-2.17%
ORCL	B	-2.15%
AUR	B	-2.15%
NTAP	D	-2.04%
MTSI	B	-2.04%
MPWR	F	-2.03%
MANH	D	-1.97%
STX	D	-1.95%
AAOI	B	-1.95%
VERX	B	-1.87%
QTWO	A	-1.84%
SMTC	B	-1.75%
SITM	B	-1.73%
YOU	A	-1.71%
NSIT	F	-1.67%
IDCC	A	-1.66%
BDC	B	-1.63%
ACIW	C	-1.53%
ALKT	B	-1.47%
MAX	D	-1.39%
CVLT	B	-1.34%
PAR	A	-1.21%
PLUS	C	-1.12%