EVNT vs. FSST ETF Comparison

Comparison of AltShares Event-Driven ETF (EVNT) to Fidelity Sustainability U.S. Equity ETF (FSST)

EVNT

AltShares Event-Driven ETF

EVNT Description

AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$9.99

Average Daily Volume

746

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FSST

Fidelity Sustainability U.S. Equity ETF

FSST Description

FSST mainly invests in US companies that the fund adviser believes to have proven or improving sustainability practices. Evaluation of the companies impact characteristics may involve corporate engagement and its alignment with the United Nations Sustainable Development Goals using qualitative analysis as well as proprietary or third-party data. Their approach to sustainable investing not only considers ESG factors but fundamental ones as well, including financial conditions, industry positions, as well as market and economic conditions. Unlike other ETFs that disclose holdings on a daily basis, FSST publishes its full portfolio holdings monthly with a 30-day lag. A Tracking Basket Structure is in place which acts as a proxy portfolio and may include holdings from recent disclosures, other liquid ETFs as well as cash and cash equivalents in order to track the funds daily performance and facilitate arbitrage opportunities.

Grade (RS Rating)

Last Trade

$26.07

Average Daily Volume

2,127

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EVNT	FSST
30 Days	1.19%	3.21%
60 Days	2.23%	5.29%
90 Days	0.28%	5.94%
12 Months	3.10%	24.89%

3 Overlapping Holdings

Symbol	Grade	Weight in EVNT	Weight in FSST	Overlap
ACI	F	0.46%	0.83%	0.46%
DIS	F	1.04%	2.39%	1.04%
TGNA	D	1.32%	0.72%	0.72%

EVNT Overweight 41 Positions Relative to FSST

Symbol	Grade	Weight
HES	D	5.01%
SWAV	A	4.47%
OLK	A	4.42%
MCS	F	4.38%
CHX	D	3.62%
CERE	C	3.17%
JNPR	B	3.17%
CTLT	B	2.99%
AXNX	B	2.98%
ANSS	B	2.87%
MGRC	D	2.66%
HCP	C	2.61%
BA	C	2.56%
CZR	C	2.1%
PRFT	B	2.07%
X	C	1.96%
PVH	D	1.87%
CCI	D	1.69%
FL	F	1.69%
VFC	D	1.56%
SIMO	C	1.45%
DCPH	A	1.42%
MODN	B	1.33%
INTC	C	1.29%
WIRE	A	1.28%
RAMP	F	1.22%
VZIO	B	1.2%
PARA	D	1.06%
AMED	A	1.01%
AURA	D	0.98%
SQSP	B	0.98%
CPRI	D	0.91%
PNM	D	0.9%
PACB	F	0.6%
WBD	D	0.6%
RIVN	C	0.49%
ZLAB	F	0.41%
SNOW	F	0.33%
LVTX	F	0.05%
WSC	F	-0.95%
SNPS	B	-1.38%

EVNT Underweight 63 Positions Relative to FSST

Symbol	Grade	Weight
MSFT	A	-7.68%
NVDA	B	-6.05%
GOOGL	A	-4.4%
AMZN	A	-4.15%
AAPL	A	-3.06%
MRK	C	-3.01%
PG	B	-2.94%
CI	D	-2.71%
TRV	D	-2.65%
MCO	A	-2.13%
MA	D	-2.06%
AXP	B	-2.06%
LIN	B	-2.04%
KBR	C	-1.84%
ACN	D	-1.84%
ON	C	-1.79%
LOW	D	-1.75%
CRM	F	-1.71%
BKR	C	-1.66%
ICLR	B	-1.63%
BLK	B	-1.58%
AYI	D	-1.44%
AVY	D	-1.36%
DHR	D	-1.35%
NEE	D	-1.3%
PLD	B	-1.29%
INTU	C	-1.29%
VLTO	D	-1.16%
GILD	C	-1.15%
CNC	D	-1.14%
HLT	A	-1.11%
JCI	D	-1.09%
UPS	F	-1.02%
CMCSA	F	-0.98%
CCK	F	-0.95%
IR	C	-0.92%
TMHC	D	-0.91%
DE	F	-0.9%
TSLA	B	-0.89%
LNG	B	-0.88%
SFM	C	-0.86%
RRX	D	-0.85%
SBUX	F	-0.82%
C	A	-0.8%
NFLX	C	-0.79%
MAN	F	-0.74%
ZTS	C	-0.72%
BAC	A	-0.63%
AMD	B	-0.61%
NTRS	B	-0.58%
TKR	D	-0.56%
NXPI	B	-0.54%
FSLR	D	-0.54%
APTV	D	-0.54%
VOYA	D	-0.53%
EL	F	-0.53%
GNRC	C	-0.53%
CWEN	D	-0.5%
DFS	C	-0.49%
NOMD	D	-0.39%
MRNA	D	-0.34%
GM	B	-0.25%
CVS	F	-0.18%