BSMC vs. ARB ETF Comparison

Comparison of Brandes U.S. Small-Mid Cap Value ETF (BSMC) to AltShares Merger Arbitrage ETF (ARB)

BSMC

Brandes U.S. Small-Mid Cap Value ETF

BSMC Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies with small- and mid-market capitalizations (market value of publicly traded equity securities).

Grade (RS Rating)

Last Trade

$30.61

Average Daily Volume

8,549

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	BSMC	ARB
30 Days	-0.62%	0.67%
60 Days	-1.04%	1.19%
90 Days	3.76%	2.09%
12 Months	23.18%	6.56%

0 Overlapping Holdings

	Symbol	Grade	Weight in BSMC	Weight in ARB	Overlap

BSMC Overweight 64 Positions Relative to ARB

Symbol	Grade	Weight
DOX	B	3.23%
NTGR	A	2.67%
ERJ	C	2.57%
PINC	A	2.53%
EPC	D	2.44%
IPGP	B	2.22%
FFIV	A	2.21%
DGX	B	2.11%
IFF	D	2.1%
TAP	D	2.07%
CFG	A	1.97%
NPK	F	1.93%
IPG	F	1.92%
HCSG	A	1.91%
UNF	D	1.87%
EQC	C	1.78%
TXT	F	1.74%
SXT	C	1.69%
MD	A	1.67%
INGR	C	1.65%
MCY	B	1.64%
GRFS	B	1.58%
SEIC	A	1.57%
KMT	B	1.51%
PAHC	B	1.51%
SMG	A	1.5%
OMF	A	1.46%
MOG.A	C	1.42%
ELAN	D	1.39%
PHG	D	1.36%
UTHR	A	1.32%
SHC	C	1.28%
QRVO	F	1.28%
XRAY	F	1.24%
OGN	D	1.24%
IMKTA	D	1.18%
LEVI	F	1.17%
WTW	A	1.14%
STT	A	1.13%
WHR	B	1.11%
ORI	D	1.07%
PBH	A	1.04%
KNX	A	1.01%
CPB	D	0.98%
WKC	D	0.98%
AVT	B	0.91%
WTM	B	0.9%
SEE	A	0.9%
LANC	B	0.9%
CNA	D	0.88%
KELYA	D	0.87%
ARLO	F	0.87%
ARW	D	0.87%
WMK	D	0.84%
SON	F	0.81%
VRNT	F	0.79%
HSIC	D	0.78%
SKX	D	0.77%
ZBH	C	0.76%
FTRE	F	0.72%
SEB	F	0.49%
LSTR	D	0.41%
HTLD	F	0.32%
SCHL	F	0.27%

BSMC Underweight 44 Positions Relative to ARB

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%