ARB vs. IZRL ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to ARK Israel Innovative Technology ETF (IZRL)

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

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$21.50

Average Daily Volume

14,919

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	IZRL
30 Days	0.17%	10.20%
60 Days	0.43%	11.93%
90 Days	1.37%	7.91%
12 Months	5.64%	20.99%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in IZRL	Overlap

ARB Overweight 43 Positions Relative to IZRL

Symbol	Grade	Weight
MRO	B	2.76%
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%

ARB Underweight 25 Positions Relative to IZRL

Symbol	Grade	Weight
SMWB	B	-2.78%
FVRR	B	-2.72%
SSYS	C	-2.54%
PLTK	B	-2.33%
INMD	C	-2.19%
CYBR	B	-2.16%
MGIC	F	-2.13%
WIX	B	-2.12%
CGNT	B	-2.1%
FROG	C	-2.07%
RDWR	B	-2.07%
ITRN	B	-2.04%
NICE	C	-2.02%
WKME	C	-2.02%
CLBT	B	-2.0%
RSKD	D	-1.97%
NNOX	C	-1.96%
BWAY	B	-1.9%
TEVA	D	-1.9%
MNDY	C	-1.87%
MDWD	D	-1.8%
AUDC	D	-1.78%
URGN	F	-1.78%
CHKP	D	-1.75%
SPNS	F	-1.54%