ARB vs. QABA ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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

$27.76

Average Daily Volume

10,048

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.85

Average Daily Volume

32,546

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	ARB	QABA
30 Days	0.52%	-6.17%
60 Days	1.41%	0.04%
90 Days	2.83%	12.51%
12 Months	5.92%	34.58%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in QABA	Overlap
	UMBF	C	-0.59%	2.86%	-0.59%

ARB Overweight 41 Positions Relative to QABA

Symbol	Grade	Weight
HCP	B	3.33%
HES	D	3.31%
ANSS	D	3.06%
WIRE	A	2.76%
HIBB	A	2.69%
PRFT	A	2.69%
EDR	A	2.67%
CHX	D	2.56%
ETRN	D	2.51%
JNPR	B	2.31%
CTLT	A	2.24%
ALE	A	2.09%
AXNX	A	2.09%
VZIO	A	1.99%
EVBG	B	1.98%
X	F	1.89%
CERE	A	1.88%
HTLF	C	1.88%
SWN	D	1.85%
AMK	B	1.83%
DFS	C	1.77%
CPRI	B	1.75%
AMED	D	1.45%
MGRC	D	1.36%
AGS	B	1.32%
HAYN	B	1.31%
NWLI	A	1.28%
HA	B	1.23%
WRK	C	0.94%
SBOW	D	0.82%
OSG	A	0.67%
IBTX	D	0.67%
OLK	A	0.62%
SRCL	B	0.6%
CNSL	A	0.57%
CRGY	B	-0.49%
SSB	C	-0.68%
SNPS	F	-1.86%
CHK	D	-1.94%
CHRD	F	-2.18%
EQT	B	-2.53%

ARB Underweight 120 Positions Relative to QABA

Symbol	Grade	Weight
CBSH	D	-4.28%
WTFC	D	-4.03%
FFIN	D	-2.95%
UBSI	D	-2.8%
OZK	F	-2.73%
HWC	D	-2.47%
IBOC	D	-2.08%
TFSL	F	-2.02%
BANF	D	-1.94%
FULT	D	-1.84%
TCBI	C	-1.84%
FIBK	D	-1.79%
CATY	D	-1.73%
WSFS	D	-1.69%
FHB	D	-1.65%
WAFD	D	-1.58%
SFNC	C	-1.51%
TBBK	C	-1.46%
INDB	D	-1.4%
TOWN	D	-1.39%
CVBF	B	-1.39%
PPBI	F	-1.36%
FFBC	D	-1.35%
SBCF	D	-1.27%
FRME	D	-1.22%
NBTB	D	-1.17%
BANR	C	-1.15%
MBIN	D	-1.15%
TRMK	D	-1.09%
EFSC	D	-1.07%
TFIN	F	-1.04%
SYBT	D	-1.02%
CLBK	F	-1.0%
WSBC	D	-0.99%
FBNC	D	-0.96%
CHCO	D	-0.96%
NWBI	D	-0.95%
LKFN	F	-0.93%
CASH	D	-0.92%
STBA	D	-0.9%
HOPE	D	-0.85%
BUSE	D	-0.83%
SRCE	D	-0.82%
VBTX	C	-0.8%
TCBK	D	-0.79%
SASR	C	-0.79%
WABC	F	-0.74%
QCRH	D	-0.7%
GABC	D	-0.64%
DCOM	C	-0.63%
RBCAA	D	-0.63%
OCFC	C	-0.61%
PEBO	F	-0.6%
PFBC	D	-0.6%
SBSI	D	-0.57%
CNOB	C	-0.54%
AMAL	D	-0.54%
FMBH	D	-0.52%
BFC	D	-0.51%
BHRB	D	-0.51%
CTBI	D	-0.5%
BRKL	D	-0.5%
PFC	D	-0.47%
UVSP	D	-0.46%
CFB	D	-0.46%
FCBC	D	-0.44%
CFFN	D	-0.43%
HFWA	D	-0.42%
CCB	C	-0.41%
ORRF	C	-0.39%
IBCP	D	-0.39%
OSBC	D	-0.39%
MBWM	D	-0.39%
HBNC	D	-0.38%
EGBN	B	-0.38%
BFST	C	-0.37%
GSBC	D	-0.37%
SMBC	C	-0.36%
TRST	D	-0.35%
FSBC	D	-0.35%
CAC	C	-0.34%
HTBK	D	-0.34%
NBN	B	-0.34%
HTBI	D	-0.33%
CCBG	D	-0.33%
CASS	D	-0.32%
FMNB	D	-0.32%
HONE	D	-0.32%
WASH	D	-0.31%
SPFI	D	-0.31%
HAFC	D	-0.31%
HIFS	D	-0.3%
ESQ	C	-0.3%
THFF	D	-0.29%
MPB	C	-0.28%
NFBK	D	-0.28%
CCNE	D	-0.28%
BCAL	F	-0.27%
MSBI	F	-0.27%
AROW	D	-0.27%
PGC	D	-0.27%
SHBI	D	-0.26%
KRNY	C	-0.25%
MOFG	D	-0.25%
FFIC	D	-0.24%
RBB	D	-0.23%
BSRR	D	-0.23%
BWB	D	-0.22%
NRIM	C	-0.22%
FISI	D	-0.22%
EBTC	C	-0.22%
CARE	C	-0.22%
NECB	C	-0.21%
TCBX	C	-0.2%
NEWT	D	-0.18%
BMRC	D	-0.18%
INBK	D	-0.17%
FRST	D	-0.17%
WSBF	D	-0.16%
FLIC	C	-0.16%