ARB vs. TSME ETF Comparison

Comparison of AltShares Merger Arbitrage ETF (ARB) to Thrivent Small-Mid Cap ESG ETF (TSME)

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

11,089

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TSME

Thrivent Small-Mid Cap ESG ETF

TSME Description

Thrivent Small-Mid Cap ESG ETF is an exchange traded fund launched and managed by Thrivent Asset Management, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization, within the market capitalization range of the Russell 2500 Index or the S&P MidCap Index. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis to create its portfolio. Thrivent Small-Mid Cap ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$39.34

Average Daily Volume

57,352

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARB	TSME
30 Days	0.04%	7.14%
60 Days	0.20%	8.05%
90 Days	1.26%	11.01%
12 Months	5.53%	40.50%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARB	Weight in TSME	Overlap

ARB Overweight 43 Positions Relative to TSME

Symbol	Grade	Weight
MRO	B	2.76%
RCM	A	2.73%
CTLT	C	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	B	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	B	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 62 Positions Relative to TSME

Symbol	Grade	Weight
FICO	B	-2.17%
NVR	D	-2.1%
TKR	D	-2.09%
NSIT	F	-2.08%
SN	D	-2.03%
LH	B	-1.97%
BANR	B	-1.85%
NVT	B	-1.84%
MOD	A	-1.82%
TSCO	D	-1.8%
EFSC	B	-1.79%
RRX	B	-1.77%
PATK	C	-1.77%
PWR	A	-1.77%
TECH	F	-1.75%
SKY	A	-1.73%
LFUS	D	-1.73%
WH	B	-1.72%
GTES	A	-1.72%
TPG	A	-1.7%
NI	A	-1.7%
ZBRA	B	-1.65%
FNB	A	-1.65%
TRU	D	-1.63%
OMF	A	-1.62%
SNV	C	-1.61%
STLD	B	-1.59%
RJF	A	-1.56%
CECO	B	-1.55%
ESI	B	-1.54%
BELFB	C	-1.54%
TFIN	B	-1.52%
SAIA	B	-1.49%
EMN	C	-1.47%
CNM	D	-1.47%
LMB	B	-1.46%
B	A	-1.45%
WMS	F	-1.45%
KD	B	-1.45%
FTI	A	-1.44%
ICLR	D	-1.44%
NSA	C	-1.42%
ASGN	F	-1.41%
WCC	B	-1.4%
REXR	F	-1.39%
EXR	C	-1.37%
SUM	B	-1.33%
GO	C	-1.21%
ACGL	C	-1.21%
GPI	B	-1.21%
ALGN	D	-1.2%
ENTG	D	-1.16%
KNSL	B	-1.14%
NGVT	B	-1.12%
DAR	C	-1.09%
COHR	B	-1.06%
HAE	C	-1.05%
IBP	D	-1.03%
COTY	F	-1.03%
PGNY	F	-0.94%
MRVI	F	-0.94%
LSCC	D	-0.64%