AWEG vs. ARB ETF Comparison

Comparison of Alger Weatherbie Enduring Growth ETF (AWEG) to AltShares Merger Arbitrage ETF (ARB)

AWEG

Alger Weatherbie Enduring Growth ETF

AWEG Description

The fund invests primarily in equity securities of mid-cap growth companies with an environmental, social and governance ("ESG") rating of medium or better, as rated by Sustainalytics, a third-party ESG rating agency, at the time of purchase. Under normal circumstances, 80% of companies in the fund"s portfolio, based on net assets, will have a Sustainalytics ESG rating. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.71

Average Daily Volume

170

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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 ^*

* may have additional holdings in another (foreign) market

Performance

Period	AWEG	ARB
30 Days	5.91%	-0.36%
60 Days	7.15%	-0.18%
90 Days	8.89%	0.85%
12 Months	36.24%	5.24%

0 Overlapping Holdings

	Symbol	Grade	Weight in AWEG	Weight in ARB	Overlap

AWEG Overweight 24 Positions Relative to ARB

Symbol	Grade	Weight
TDG	D	11.7%
CWST	A	6.43%
GKOS	A	4.99%
STEP	B	4.87%
TNDM	D	4.84%
WCN	A	4.8%
HEI	A	4.66%
PCTY	B	3.92%
NEOG	D	3.62%
HUBS	A	3.14%
OLLI	D	2.99%
SPSC	D	2.94%
ACAD	C	2.9%
MEG	F	2.87%
XPO	B	2.86%
UPST	B	2.77%
RXO	C	2.64%
HLNE	B	2.11%
NCNO	B	2.09%
PGNY	F	2.07%
SITE	F	2.02%
AGYS	A	1.77%
NTRA	A	1.44%
TTD	B	1.41%

AWEG Underweight 43 Positions Relative to ARB

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%
CNSL	B	-0.54%
AGS	A	-0.53%
HAYN	A	-0.53%
SRCL	B	-0.5%