MARB vs. EVNT ETF Comparison

Comparison of First Trust Merger Arbitrage ETF (MARB) to AltShares Event-Driven ETF (EVNT)
MARB

First Trust Merger Arbitrage ETF

MARB Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.73

Average Daily Volume

6,600

Number of Holdings *

28

* 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

$10.62

Average Daily Volume

290

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period MARB EVNT
30 Days -0.59% 0.28%
60 Days -1.96% 1.38%
90 Days -1.22% 3.32%
12 Months -0.85% 12.00%
17 Overlapping Holdings
Symbol Grade Weight in MARB Weight in EVNT Overlap
ACI C 4.65% 0.42% 0.42%
AMED C 4.85% 3.17% 3.17%
ANSS C 3.44% 2.82% 2.82%
AXNX A 4.15% 2.98% 2.98%
CHX F 2.45% 2.68% 2.45%
CPRI F 1.71% 0.92% 0.92%
CTLT D 3.16% 3.94% 3.16%
EDR A 4.84% 1.48% 1.48%
HCP A 5.53% 3.69% 3.69%
HES B 2.9% 4.35% 2.9%
JNPR A 3.68% 3.35% 3.35%
MGRC A 2.31% 2.56% 2.31%
MRO C 1.81% 1.54% 1.54%
SNPS B -1.89% -1.24% -1.89%
SRCL A 2.61% 2.55% 2.55%
VZIO C 3.04% 1.21% 1.21%
WSC F -0.96% -0.9% -0.96%
MARB Overweight 11 Positions Relative to EVNT
Symbol Grade Weight
HTLF A 6.5%
DFS A 3.6%
SRDX D 2.25%
IBTX B 1.92%
EQT C -0.07%
COP D -1.83%
SSB B -1.92%
CVX A -3.31%
SLB F -3.7%
COF A -4.03%
UMBF A -6.72%
MARB Underweight 27 Positions Relative to EVNT
Symbol Grade Weight
HA A -3.73%
PETQ A -3.29%
PRFT A -3.16%
X C -1.88%
CCI D -1.78%
INST A -1.77%
K A -1.74%
ENV A -1.51%
SILK A -1.46%
ESGR C -1.4%
RCM A -1.19%
DIS C -1.07%
SQSP A -0.98%
CHUY B -0.96%
AURA B -0.86%
PVH C -0.85%
PARA C -0.83%
CZR D -0.81%
PACB C -0.81%
VFC A -0.78%
GTHX A -0.77%
WBD C -0.76%
RIVN F -0.76%
SNOW C -0.74%
EVRI A -0.7%
BE D -0.51%
CLSD F -0.33%
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