EVNT vs. DWAS ETF Comparison

Comparison of AltShares Event-Driven ETF (EVNT) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

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

$9.76

Average Daily Volume

2,094

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$84.67

Average Daily Volume

58,194

Number of Holdings ^*

182

* may have additional holdings in another (foreign) market

Performance

Period	EVNT	DWAS
30 Days	-3.12%	-6.27%
60 Days	-1.31%	-5.49%
90 Days	-2.59%	2.00%
12 Months	3.90%	20.50%

0 Overlapping Holdings

	Symbol	Grade	Weight in EVNT	Weight in DWAS	Overlap

EVNT Overweight 40 Positions Relative to DWAS

Symbol	Grade	Weight
HES	A	4.67%
PXD	B	4.56%
OLK	C	4.07%
ANSS	C	2.97%
CERE	A	2.67%
AXNX	D	2.5%
JNPR	D	2.5%
MDC	A	2.5%
CSTR	A	2.26%
SIMO	C	2.02%
MGRC	C	2.02%
X	D	1.94%
VFC	F	1.86%
CCI	F	1.78%
TGNA	F	1.76%
BA	F	1.71%
AMED	D	1.49%
PARA	B	1.35%
CZR	F	1.25%
EVBG	B	1.24%
CPRI	F	1.2%
SATS	B	1.16%
RIVN	F	1.09%
AURA	D	1.09%
RAMP	D	1.05%
DOOR	A	1.01%
CTLT	C	0.96%
PACB	F	0.94%
BE	D	0.89%
PNM	D	0.85%
INTC	F	0.82%
VZIO	C	0.73%
DIS	D	0.66%
WBD	F	0.63%
PINS	C	0.5%
SNOW	D	0.45%
ZLAB	F	0.43%
APA	B	0.21%
WSC	D	-0.77%
SNPS	C	-1.53%

EVNT Underweight 182 Positions Relative to DWAS

Symbol	Grade	Weight
MOD	B	-1.64%
TDW	A	-1.55%
STRL	B	-1.36%
TRNS	A	-1.35%
LFMD	A	-1.34%
DFIN	A	-1.27%
COOP	A	-1.25%
ALPN	A	-1.22%
NUVL	C	-1.21%
POWL	B	-1.09%
LMB	B	-1.05%
RRR	B	-1.05%
ANF	C	-1.03%
KAI	D	-0.99%
IMNM	D	-0.93%
VERA	D	-0.92%
UFPT	D	-0.91%
ADMA	A	-0.9%
HRTG	A	-0.84%
HRI	D	-0.76%
RXST	B	-0.74%
CBZ	D	-0.73%
SERA	A	-0.73%
PLAY	D	-0.71%
GRBK	C	-0.65%
ALG	D	-0.64%
GTX	B	-0.61%
RYI	F	-0.6%
ZEUS	D	-0.6%
WIRE	B	-0.58%
ARCB	B	-0.57%
BYRN	A	-0.57%
BCC	C	-0.54%
GMS	C	-0.53%
CLSK	B	-0.53%
MYRG	B	-0.52%
VCTR	A	-0.52%
CSWI	A	-0.52%
IESC	A	-0.52%
ATI	A	-0.51%
ARQT	D	-0.5%
USAP	A	-0.5%
AROC	A	-0.5%
BMI	A	-0.5%
RNA	A	-0.47%
FSS	A	-0.47%
KRYS	D	-0.47%
MACK	B	-0.46%
GHM	B	-0.46%
SMHI	B	-0.46%
EVER	A	-0.45%
BECN	A	-0.45%
GKOS	A	-0.45%
SKYW	A	-0.45%
SKT	B	-0.44%
CMPR	D	-0.44%
EVH	F	-0.44%
IDYA	C	-0.44%
AMRX	B	-0.44%
MLI	A	-0.44%
JXN	A	-0.44%
LBRT	A	-0.43%
OFG	B	-0.43%
EZPW	A	-0.43%
SFM	A	-0.43%
NBN	C	-0.42%
SLVM	A	-0.42%
RDNT	A	-0.42%
ENVA	B	-0.42%
CRAI	A	-0.42%
INBK	D	-0.42%
HWKN	B	-0.42%
NRIX	B	-0.42%
CHX	B	-0.42%
ASPN	C	-0.42%
AVAV	A	-0.42%
TRAK	A	-0.42%
MATX	C	-0.41%
CACC	D	-0.41%
HCI	A	-0.41%
GES	A	-0.41%
DFH	C	-0.41%
ANDE	B	-0.41%
BKD	A	-0.41%
TPC	A	-0.41%
KTB	B	-0.41%
USLM	A	-0.4%
GPOR	A	-0.4%
GOLF	C	-0.4%
KOP	D	-0.4%
PIPR	B	-0.4%
AGM	B	-0.4%
ACMR	D	-0.4%
ORN	D	-0.4%
GFF	C	-0.4%
VSEC	B	-0.4%
MOG.A	A	-0.4%
ALSN	B	-0.4%
ESAB	A	-0.4%
BSIG	B	-0.4%
CUBI	D	-0.39%
HEES	D	-0.39%
PACK	A	-0.39%
PLAB	C	-0.39%
MHO	C	-0.39%
MAX	D	-0.39%
RUSHA	D	-0.39%
KRUS	A	-0.39%
DXPE	B	-0.39%
UTI	B	-0.39%
VECO	B	-0.39%
ASO	C	-0.39%
MBIN	C	-0.39%
SKY	C	-0.39%
TREE	C	-0.39%
FELE	B	-0.39%
ESQ	B	-0.39%
GVA	A	-0.39%
BGC	B	-0.39%
ANIP	D	-0.38%
VERX	B	-0.38%
APPF	B	-0.38%
SPNT	C	-0.38%
SXC	D	-0.38%
NR	B	-0.38%
NPO	D	-0.38%
CRVL	C	-0.38%
ACVA	B	-0.38%
ROAD	B	-0.38%
SPRY	D	-0.38%
IBP	B	-0.38%
VVV	C	-0.37%
ARHS	D	-0.37%
ICFI	C	-0.37%
AMSC	C	-0.37%
SILK	B	-0.37%
CVNA	B	-0.37%
CDRE	D	-0.37%
CELC	D	-0.37%
LPX	C	-0.37%
SXI	C	-0.37%
CRNX	B	-0.37%
FRPT	C	-0.37%
SGBX	F	-0.37%
RYAN	D	-0.36%
BLZE	C	-0.36%
LQDA	D	-0.36%
ARLO	B	-0.36%
VRNS	C	-0.36%
LSEA	C	-0.36%
PAY	B	-0.36%
SUM	C	-0.36%
KD	D	-0.36%
DYN	C	-0.36%
COLL	C	-0.36%
MRUS	B	-0.36%
SMID	D	-0.35%
KYMR	D	-0.35%
MTRX	D	-0.35%
AGO	C	-0.35%
ORIC	F	-0.35%
BZH	D	-0.35%
MTRN	D	-0.35%
KURA	C	-0.34%
LYRA	D	-0.34%
FOR	D	-0.34%
KROS	C	-0.34%
PARR	D	-0.34%
CDLX	B	-0.32%
QUIK	C	-0.32%
PCT	F	-0.32%
MDXG	F	-0.31%
BWMN	C	-0.31%
AQST	D	-0.3%
FULC	D	-0.3%
ANNX	D	-0.29%
SOUN	D	-0.28%
APLT	D	-0.27%
FATE	F	-0.25%
KOD	F	-0.25%
OCUL	F	-0.22%
IRON	F	-0.21%