FBT vs. ARB ETF Comparison

Comparison of First Trust Amex Biotech Index Fund (FBT) to AltShares Merger Arbitrage ETF (ARB)
FBT

First Trust Amex Biotech Index Fund

FBT Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NYSE Arca Biotechnology Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-dollar weighted index designed to measure the performance of a cross section of companies in the biotechnology industry that are primarily involved in the use of biological processes to develop products or provide services. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$154.75

Average Daily Volume

30,081

Number of Holdings *

30

* 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

$27.17

Average Daily Volume

16,723

Number of Holdings *

17

* may have additional holdings in another (foreign) market
Performance
Period FBT ARB
30 Days 1.75% 1.22%
60 Days 2.66% 1.57%
90 Days -2.29% 1.34%
12 Months 2.80% 7.52%
0 Overlapping Holdings
Symbol Grade Weight in FBT Weight in ARB Overlap
FBT Overweight 30 Positions Relative to ARB
Symbol Grade Weight
NTRA B 4.98%
BRKR B 4.36%
HALO C 3.85%
RGEN C 3.8%
WAT C 3.77%
MTD C 3.73%
PTCT D 3.64%
NBIX B 3.59%
UTHR C 3.57%
CORT D 3.52%
ARGX D 3.5%
EXEL B 3.48%
REGN B 3.42%
ITCI C 3.4%
ILMN F 3.28%
MRNA C 3.24%
VRTX D 3.16%
ALKS F 3.15%
BGNE D 3.08%
GMAB D 3.08%
EXAS D 3.05%
INSM D 3.05%
INCY F 3.03%
AMGN D 2.98%
BMRN D 2.97%
BIIB F 2.93%
DVAX D 2.88%
GILD F 2.79%
ALNY F 2.5%
ACAD F 2.11%
FBT Underweight 17 Positions Relative to ARB
Symbol Grade Weight
SRC C -6.47%
SPLK A -6.31%
PXD A -6.2%
HES C -6.18%
SOVO A -4.5%
MRTX C -4.37%
OLK C -4.34%
AMED F -3.51%
SP B -3.36%
CHS A -3.36%
NWLI A -3.32%
CPRI F -1.99%
WRK B -1.13%
CNSL D -0.91%
CSTR B -0.89%
AMNB C -0.32%
ONB B --0.11%
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