FLOW vs. ARB ETF Comparison

Comparison of Global X U.S. Cash Flow Kings 100 ETF (FLOW) to AltShares Merger Arbitrage ETF (ARB)

FLOW

Global X U.S. Cash Flow Kings 100 ETF

FLOW Description

The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes (if any), in the securities of the underlying index. The underlying index is designed to provide exposure to large- and mid-capitalization U.S. equity securities that exhibit high free cash flow yields relative to the eligible universe of companies, as determined by the index administrator. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.57

Average Daily Volume

841

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

$27.94

Average Daily Volume

11,353

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLOW	ARB
30 Days	6.35%	0.17%
60 Days	5.66%	0.43%
90 Days	6.16%	1.37%
12 Months	26.75%	5.64%

1 Overlapping Holdings

	Symbol	Grade	Weight in FLOW	Weight in ARB	Overlap
	MRO	B	1.25%	2.76%	1.25%

FLOW Overweight 98 Positions Relative to ARB

Symbol	Grade	Weight
WBD	C	2.22%
BMY	B	2.22%
HPE	B	2.2%
MO	A	2.16%
CVX	A	2.12%
EOG	A	2.09%
HPQ	B	2.08%
CAH	B	2.07%
VLO	C	2.07%
T	A	2.06%
COR	B	2.06%
EXPE	B	2.06%
COP	C	2.0%
ABNB	C	1.95%
FANG	D	1.94%
NUE	C	1.94%
GEN	B	1.89%
MPC	D	1.88%
QCOM	F	1.88%
DVN	F	1.83%
LEN	D	1.78%
ZM	B	1.66%
ADM	D	1.66%
HAL	C	1.61%
THC	D	1.45%
FOXA	B	1.39%
TAP	C	1.27%
TPR	B	1.26%
OC	A	1.25%
WPC	D	1.25%
SNA	A	1.19%
PPC	C	1.13%
CAG	D	1.11%
DINO	D	1.1%
CLF	F	1.09%
SWKS	F	1.09%
DOCU	A	1.03%
GAP	C	1.02%
TWLO	A	0.98%
BG	F	0.97%
JBL	B	0.96%
WSM	B	0.94%
MTZ	B	0.93%
ARW	D	0.89%
OVV	B	0.89%
ADTN	A	0.88%
DXC	B	0.88%
WCC	B	0.86%
INGR	B	0.86%
RL	B	0.85%
SMG	D	0.84%
SNX	C	0.74%
DBX	B	0.73%
GRAB	B	0.72%
ALSN	B	0.72%
AGCO	D	0.71%
PVH	C	0.68%
MLI	C	0.66%
MAT	D	0.65%
MTCH	D	0.64%
SKX	D	0.64%
CNM	D	0.63%
BWA	D	0.59%
MIDD	C	0.57%
MUR	D	0.57%
IGT	F	0.56%
COLM	B	0.56%
UFPI	B	0.55%
DOX	D	0.54%
ETSY	D	0.53%
HRB	D	0.51%
DDS	B	0.51%
CROX	D	0.5%
SEE	C	0.5%
HOG	D	0.5%
AYI	B	0.48%
CHRD	D	0.48%
THO	B	0.48%
LEA	D	0.47%
KRC	C	0.46%
LPX	B	0.43%
LYFT	C	0.42%
LEVI	F	0.41%
QRVO	F	0.4%
NEU	C	0.39%
CRUS	D	0.35%
UAA	C	0.35%
AMKR	D	0.34%
RNG	B	0.33%
ZI	D	0.32%
MSM	C	0.27%
APLE	B	0.27%
NVST	B	0.26%
CRI	D	0.23%
TDC	D	0.22%
MAN	D	0.2%
IPGP	D	0.17%
SHOO	D	0.16%

FLOW Underweight 42 Positions Relative to ARB

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