ARB vs. FSCC ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Trust Federated Hermes MDT Small Cap Core ETF (FSCC)

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

$27.90

Average Daily Volume

11,637

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FSCC

Trust Federated Hermes MDT Small Cap Core ETF

FSCC Description

The fund seeks to achieve its objective by investing primarily in the common stock of small-capitalization (small-cap) U.S. companies. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in small companies. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.

Grade (RS Rating)

Last Trade

$27.01

Average Daily Volume

1,638

Number of Holdings ^*

280

* may have additional holdings in another (foreign) market

Performance

Period	ARB	FSCC
30 Days	0.21%	2.67%
60 Days	0.32%	6.68%
90 Days	1.30%	9.33%
12 Months	6.12%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in FSCC	Overlap

ARB Overweight 43 Positions Relative to FSCC

Symbol	Grade	Weight
MRO	B	2.76%
RCM	B	2.73%
CTLT	D	2.72%
HCP	A	2.72%
SPR	F	2.68%
K	A	2.67%
JNPR	D	2.66%
ANSS	B	2.57%
INFN	D	2.27%
SRCL	B	2.19%
CHX	C	2.19%
ENV	B	2.17%
SILK	A	2.16%
PETQ	A	2.14%
EVRI	A	2.13%
RVNC	F	2.07%
HA	A	2.02%
HES	B	1.95%
DFS	B	1.9%
X	D	1.85%
DO	D	1.83%
ALE	A	1.81%
PRFT	A	1.81%
PWSC	C	1.81%
AXNX	A	1.81%
INST	B	1.79%
VZIO	D	1.78%
AMK	B	1.78%
GTHX	A	1.72%
SRDX	D	1.4%
FBMS	B	1.16%
HTLF	B	1.15%
BALY	A	1.14%
CHUY	B	1.13%
TWKS	B	1.11%
MGRC	B	1.07%
SWN	C	0.94%
CALT	C	0.58%
AAN	B	0.56%
CNSL	C	0.54%
AGS	A	0.53%
HAYN	A	0.53%
SRCL	B	0.5%

ARB Underweight 280 Positions Relative to FSCC

Symbol	Grade	Weight
JXN	C	-2.67%
PSN	C	-2.05%
KNF	C	-1.78%
GMS	B	-1.46%
SKYW	B	-1.4%
BKU	A	-1.29%
FBK	B	-1.16%
SKWD	A	-1.12%
MUSA	B	-1.11%
BRBR	A	-1.11%
CNO	B	-1.01%
MWA	B	-1.0%
HALO	C	-0.99%
EXTR	C	-0.98%
FTDR	B	-0.96%
CNK	B	-0.96%
BY	B	-0.9%
YOU	D	-0.88%
EME	B	-0.87%
OMCL	C	-0.86%
NMRK	B	-0.84%
BDN	D	-0.83%
TMHC	B	-0.82%
ADMA	C	-0.82%
PRCT	C	-0.79%
SM	C	-0.79%
YEXT	B	-0.78%
SFM	B	-0.76%
OTTR	C	-0.75%
TVTX	B	-0.73%
TRMK	B	-0.73%
TXRH	A	-0.73%
PI	D	-0.72%
REZI	A	-0.72%
INSM	C	-0.71%
RSI	B	-0.7%
HRMY	D	-0.7%
ACLX	C	-0.69%
AMAL	B	-0.68%
ALKS	C	-0.68%
MAC	B	-0.67%
WWW	B	-0.66%
MNKD	C	-0.66%
RYAM	B	-0.66%
MBIN	D	-0.65%
CEIX	B	-0.65%
BPMC	C	-0.64%
LUMN	C	-0.63%
RDFN	D	-0.63%
NUS	C	-0.63%
PRTA	F	-0.58%
VRNS	C	-0.57%
RLI	A	-0.57%
BRSP	B	-0.57%
MEI	F	-0.56%
CXM	C	-0.56%
OUT	B	-0.55%
RAMP	C	-0.53%
WING	D	-0.53%
HIMS	C	-0.53%
HY	F	-0.52%
SPNT	B	-0.52%
UIS	B	-0.51%
TBRG	B	-0.51%
RMR	F	-0.51%
SXC	B	-0.51%
POR	D	-0.5%
COLL	F	-0.5%
CRDO	C	-0.5%
VCTR	C	-0.5%
BLBD	F	-0.49%
SHLS	D	-0.47%
FBIZ	B	-0.46%
CVNA	B	-0.46%
BV	C	-0.45%
CMRE	B	-0.45%
OFG	B	-0.45%
PRIM	B	-0.44%
SWI	B	-0.44%
TEX	D	-0.42%
ZETA	F	-0.42%
UPBD	B	-0.41%
SLG	C	-0.41%
TREE	D	-0.4%
GRND	B	-0.4%
APPF	B	-0.39%
CRC	B	-0.39%
BECN	B	-0.38%
GFF	B	-0.38%
CUBI	B	-0.38%
ARRY	C	-0.37%
XHR	B	-0.36%
EIG	A	-0.35%
CMC	B	-0.35%
ASC	F	-0.34%
TPB	B	-0.34%
TMDX	F	-0.33%
INGN	B	-0.33%
LBRT	F	-0.33%
PLMR	A	-0.33%
QTWO	B	-0.32%
FULT	B	-0.32%
LIVN	C	-0.32%
SMTC	C	-0.32%
HURN	B	-0.32%
SKT	A	-0.32%
INSW	F	-0.31%
ALHC	C	-0.3%
ESRT	D	-0.3%
TTEC	F	-0.3%
CMPR	C	-0.29%
UTI	B	-0.28%
BOX	A	-0.28%
LC	B	-0.28%
ONTF	C	-0.28%
IRBT	F	-0.28%
ANAB	F	-0.27%
ANF	C	-0.26%
REVG	B	-0.26%
SPNS	F	-0.26%
TENB	C	-0.25%
VSCO	B	-0.25%
VMEO	B	-0.24%
NVCR	D	-0.24%
CVLT	B	-0.24%
REAX	C	-0.23%
TCMD	B	-0.23%
WTS	B	-0.23%
NVRI	F	-0.23%
MGY	B	-0.23%
NTCT	B	-0.22%
APAM	B	-0.22%
WEAV	C	-0.22%
VERX	B	-0.22%
HAIN	F	-0.22%
CDXS	C	-0.21%
VICR	C	-0.21%
ENR	A	-0.21%
MED	D	-0.21%
FIX	B	-0.21%
SLVM	C	-0.21%
WRBY	A	-0.2%
LMAT	B	-0.2%
TGI	B	-0.2%
PRG	B	-0.2%
MBWM	B	-0.19%
PETS	B	-0.19%
NTB	B	-0.19%
BSRR	B	-0.19%
KNTK	B	-0.18%
BCC	B	-0.18%
PHIN	B	-0.18%
SAGE	F	-0.18%
SHYF	C	-0.18%
ELVN	C	-0.17%
EPRT	C	-0.17%
CTLP	B	-0.17%
COMM	D	-0.17%
BL	B	-0.17%
WFRD	F	-0.17%
ALKT	C	-0.16%
MD	C	-0.16%
HTBI	B	-0.16%
NMIH	D	-0.15%
FFWM	B	-0.15%
CWT	D	-0.15%
VITL	F	-0.15%
EBS	C	-0.15%
AKBA	C	-0.15%
MTW	C	-0.15%
CHGG	D	-0.15%
SEMR	F	-0.14%
HURC	B	-0.14%
CLFD	F	-0.14%
DNOW	B	-0.14%
HCI	B	-0.14%
MDXG	A	-0.13%
PGC	B	-0.13%
SIGA	F	-0.13%
UMBF	B	-0.13%
BKH	A	-0.13%
LTH	D	-0.13%
STNG	F	-0.12%
ALRM	C	-0.12%
AMRX	B	-0.12%
KOP	C	-0.12%
XPRO	F	-0.12%
RXT	C	-0.12%
FORM	F	-0.12%
GDOT	C	-0.12%
TNC	F	-0.12%
NATL	B	-0.12%
INTA	B	-0.12%
APEI	B	-0.12%
JELD	F	-0.12%
EAT	B	-0.12%
PFBC	B	-0.11%
RBBN	B	-0.11%
CYH	F	-0.11%
CWK	C	-0.11%
ITRI	B	-0.11%
VNDA	B	-0.11%
BFH	B	-0.11%
BLX	A	-0.11%
KELYA	F	-0.1%
CPRX	C	-0.1%
ROAD	B	-0.1%
FNKO	D	-0.1%
QLYS	B	-0.1%
CORT	B	-0.1%
XRX	F	-0.1%
LADR	B	-0.1%
PKOH	B	-0.09%
KRYS	C	-0.09%
GKOS	B	-0.09%
SAVE	F	-0.09%
EYE	C	-0.09%
UNFI	B	-0.09%
CSWI	B	-0.09%
CBNK	B	-0.09%
TH	C	-0.08%
SUPN	C	-0.08%
SPSC	F	-0.07%
FATE	F	-0.07%
MAX	F	-0.07%
PHAT	F	-0.07%
NBR	C	-0.07%
ZNTL	C	-0.07%
ALDX	F	-0.07%
WSR	B	-0.07%
TGTX	B	-0.07%
OIS	B	-0.07%
MSBI	B	-0.07%
RAPT	F	-0.06%
ADNT	D	-0.06%
WS	B	-0.06%
MCY	B	-0.06%
CPK	A	-0.06%
DGII	B	-0.06%
DSP	B	-0.06%
KLIC	C	-0.05%
PLUG	D	-0.05%
NRIX	B	-0.05%
DOLE	C	-0.05%
VC	F	-0.05%
UVE	B	-0.05%
FMBH	B	-0.05%
EXLS	B	-0.05%
CMCO	C	-0.05%
CRNC	D	-0.05%
BANF	B	-0.05%
CLAR	D	-0.05%
ACLS	F	-0.04%
WGO	B	-0.04%
FORR	D	-0.04%
DFIN	D	-0.04%
LOCO	C	-0.04%
TERN	F	-0.04%
HTZ	C	-0.04%
DAN	D	-0.04%
NVRO	F	-0.04%
ACA	B	-0.04%
THR	C	-0.04%
VRNT	D	-0.04%
SKIN	C	-0.04%
POWL	C	-0.04%
MNRO	B	-0.04%
EVER	D	-0.04%
ENTA	F	-0.04%
MRC	B	-0.04%
EGHT	B	-0.04%
PAHC	B	-0.04%
ILPT	F	-0.03%
AMPY	B	-0.03%
AVA	C	-0.03%
MESA	F	-0.03%
BCRX	D	-0.03%
BBCP	F	-0.03%
SSP	F	-0.02%
JRVR	F	-0.02%