ARB vs. RFV ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Guggenheim S&P Midcap 400 Pure Value ETF (RFV)

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

RFV

Guggenheim S&P Midcap 400 Pure Value ETF

RFV Description

The investment seeks to replicate as closely as possible, before fees and expenses, the performance of the S&P MidCap 400 Pure Value Index Total Return. The fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities included in the underlying index. The underlying index is narrow in focus, containing only those S&P MidCap 400 companies with strong value characteristics as selected by S&P. It may hold up to 10% of its assets in securities not included in the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$128.90

Average Daily Volume

5,821

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	RFV
30 Days	0.17%	8.77%
60 Days	0.43%	9.86%
90 Days	1.37%	10.01%
12 Months	5.64%	26.56%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in RFV	Overlap
	X	C	1.85%	1.97%	1.85%

ARB Overweight 42 Positions Relative to RFV

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%
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 81 Positions Relative to RFV

Symbol	Grade	Weight
LAD	A	-2.66%
AVT	C	-2.59%
MTZ	B	-2.59%
SNX	C	-2.39%
JLL	D	-2.27%
THC	D	-2.24%
USFD	A	-2.07%
M	D	-2.07%
UNM	A	-2.02%
JWN	C	-1.98%
PPC	C	-1.96%
AAL	B	-1.92%
GHC	C	-1.9%
ARW	D	-1.9%
PFGC	B	-1.86%
PBF	D	-1.79%
AN	C	-1.79%
AA	B	-1.78%
WCC	B	-1.75%
R	B	-1.74%
TMHC	B	-1.74%
JEF	A	-1.7%
DINO	D	-1.54%
ARMK	B	-1.48%
GT	C	-1.43%
MAN	D	-1.42%
KD	B	-1.42%
ASB	B	-1.41%
KMPR	B	-1.33%
RGA	A	-1.27%
ALLY	C	-1.24%
FYBR	D	-1.23%
CUZ	B	-1.22%
ZION	B	-1.18%
CMC	B	-1.15%
WHR	B	-1.15%
PAG	B	-1.15%
FLR	B	-1.14%
COHR	B	-1.13%
FNB	A	-1.11%
FHN	A	-1.03%
PVH	C	-1.03%
THO	B	-1.02%
KRC	C	-0.99%
VLY	B	-0.98%
JHG	A	-0.92%
CLF	F	-0.92%
TCBI	B	-0.91%
ONB	B	-0.89%
LEA	D	-0.89%
PRGO	B	-0.84%
POST	C	-0.82%
PB	A	-0.82%
VAC	B	-0.8%
HOG	D	-0.78%
CNH	C	-0.78%
IRT	A	-0.76%
CNO	A	-0.74%
AR	B	-0.71%
UGI	A	-0.71%
GEF	A	-0.68%
GAP	C	-0.67%
WBS	A	-0.67%
SWX	B	-0.64%
BJ	A	-0.63%
ENOV	C	-0.62%
ORI	A	-0.62%
BIO	D	-0.59%
BKH	A	-0.59%
OSK	B	-0.58%
NVST	B	-0.53%
FAF	A	-0.52%
KNX	B	-0.48%
BERY	B	-0.48%
SR	A	-0.47%
AGCO	D	-0.45%
UAA	C	-0.44%
NOV	C	-0.42%
UA	C	-0.41%
VSH	D	-0.35%
CNXC	F	-0.23%