ARB vs. PSCU ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to PowerShares S&P SmallCap Utilities Portfolio (PSCU)
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

$27.91

Average Daily Volume

11,112

Number of Holdings *

43

* may have additional holdings in another (foreign) market
PSCU

PowerShares S&P SmallCap Utilities Portfolio

PSCU Description The PowerShares S&P SmallCap Utilities Portfolio (Fund) is based on the S&P SmallCap 600® Capped Utilities & Telecom Services Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US utilities and telecommunication services companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable. The Index is a subset of the S&P SmallCap 600® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$64.54

Average Daily Volume

3,693

Number of Holdings *

35

* may have additional holdings in another (foreign) market
Performance
Period ARB PSCU
30 Days -0.36% 5.31%
60 Days -0.18% 5.50%
90 Days 0.85% 10.40%
12 Months 5.24% 27.89%
1 Overlapping Holdings
Symbol Grade Weight in ARB Weight in PSCU Overlap
CNSL B 0.54% 0.42% 0.42%
ARB Overweight 42 Positions Relative to PSCU
Symbol Grade Weight
MRO A 2.76%
RCM A 2.73%
CTLT D 2.72%
HCP B 2.72%
SPR D 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 C 1.85%
DO D 1.83%
ALE A 1.81%
PRFT B 1.81%
PWSC C 1.81%
AXNX A 1.81%
INST B 1.79%
VZIO A 1.78%
AMK B 1.78%
GTHX A 1.72%
SRDX B 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%
AGS A 0.53%
HAYN A 0.53%
SRCL B 0.5%
ARB Underweight 34 Positions Relative to PSCU
Symbol Grade Weight
LUMN C -11.14%
MGEE B -4.59%
MSGS A -4.46%
MDU D -4.36%
CNK A -4.15%
IAC D -4.04%
OTTR C -3.97%
CCOI B -3.96%
CARG B -3.89%
AWR B -3.82%
TDS B -3.66%
TGNA B -3.63%
CWT C -3.55%
AVA C -3.52%
CPK A -3.36%
SATS D -3.26%
ZD B -3.05%
YELP C -3.03%
CWEN C -2.62%
CABO B -2.2%
SJW F -1.95%
NWN A -1.91%
TRIP F -1.85%
QNST B -1.44%
MSEX B -1.42%
CARS C -1.4%
UTL B -1.14%
CWEN C -1.03%
TTGT C -0.96%
SSTK F -0.92%
SCHL F -0.79%
SHEN F -0.7%
THRY F -0.59%
GOGO C -0.57%
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