CWS vs. EVNT ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to AltShares Event-Driven ETF (EVNT)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$70.26

Average Daily Volume

13,971

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EVNT

AltShares Event-Driven ETF

EVNT Description

AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$10.65

Average Daily Volume

347

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	EVNT
30 Days	1.64%	0.05%
60 Days	2.92%	0.76%
90 Days	4.61%	1.91%
12 Months	28.16%	7.25%

1 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in EVNT	Overlap
	MGRC	B	3.38%	2.56%	2.56%

CWS Overweight 24 Positions Relative to EVNT

Symbol	Grade	Weight
FICO	A	6.68%
FI	A	5.35%
MLR	C	5.32%
HEI	A	5.2%
APH	B	4.89%
AFL	C	4.57%
SYK	A	4.3%
MCO	B	4.15%
ICE	D	4.12%
COR	B	4.02%
SLGN	A	3.96%
ROL	B	3.86%
INTU	B	3.78%
BR	B	3.77%
OTIS	D	3.73%
AGM	B	3.63%
FDS	B	3.54%
ABT	B	3.54%
AWK	C	3.39%
SAIC	F	3.38%
TMO	D	3.36%
HSY	F	3.28%
PII	F	2.38%
CE	F	1.6%

CWS Underweight 43 Positions Relative to EVNT

Symbol	Grade	Weight
HES	B	-4.35%
CTLT	D	-3.94%
HA	A	-3.73%
HCP	B	-3.69%
JNPR	D	-3.35%
PETQ	A	-3.29%
AMED	F	-3.17%
PRFT	B	-3.16%
AXNX	A	-2.98%
ANSS	B	-2.82%
CHX	C	-2.68%
SRCL	B	-2.55%
X	C	-1.88%
CCI	C	-1.78%
INST	B	-1.77%
K	A	-1.74%
MRO	A	-1.54%
ENV	B	-1.51%
EDR	A	-1.48%
SILK	A	-1.46%
ESGR	B	-1.4%
VZIO	A	-1.21%
RCM	A	-1.19%
DIS	B	-1.07%
SQSP	A	-0.98%
CHUY	B	-0.96%
CPRI	F	-0.92%
AURA	C	-0.86%
PVH	D	-0.85%
PARA	D	-0.83%
CZR	F	-0.81%
PACB	D	-0.81%
VFC	C	-0.78%
GTHX	A	-0.77%
WBD	B	-0.76%
RIVN	F	-0.76%
SNOW	C	-0.74%
EVRI	A	-0.7%
BE	A	-0.51%
ACI	C	-0.42%
CLSD	F	-0.33%
WSC	F	--0.9%
SNPS	C	--1.24%