EVNT vs. MNA ETF Comparison

Comparison of AltShares Event-Driven ETF (EVNT) to IQ Merger Arbitrage ETF (MNA)

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

$10.62

Average Daily Volume

290

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MNA

IQ Merger Arbitrage ETF

MNA Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"). The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.83

Average Daily Volume

52,891

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EVNT	MNA
30 Days	0.28%	-0.36%
60 Days	1.38%	0.31%
90 Days	3.32%	2.05%
12 Months	12.00%	5.88%

14 Overlapping Holdings

Symbol	Grade	Weight in EVNT	Weight in MNA	Overlap
AXNX	A	2.98%	2.38%	2.38%
CTLT	D	3.94%	5.72%	3.94%
ENV	A	1.51%	2.57%	1.51%
EVRI	A	0.7%	1.58%	0.7%
HCP	A	3.69%	4.32%	3.69%
INST	A	1.77%	2.62%	1.77%
JNPR	A	3.35%	5.11%	3.35%
K	A	1.74%	2.46%	1.74%
MRO	C	1.54%	3.25%	1.54%
PETQ	A	3.29%	0.85%	0.85%
RCM	A	1.19%	2.0%	1.19%
SRCL	A	2.55%	1.46%	1.46%
SRCL	A	2.55%	2.81%	2.55%
VZIO	C	1.21%	1.33%	1.21%

EVNT Overweight 31 Positions Relative to MNA

Symbol	Grade	Weight
HES	B	4.35%
HA	A	3.73%
AMED	C	3.17%
PRFT	A	3.16%
ANSS	C	2.82%
CHX	F	2.68%
MGRC	A	2.56%
X	C	1.88%
CCI	D	1.78%
EDR	A	1.48%
SILK	A	1.46%
ESGR	C	1.4%
DIS	C	1.07%
SQSP	A	0.98%
CHUY	B	0.96%
CPRI	F	0.92%
AURA	B	0.86%
PVH	C	0.85%
PARA	C	0.83%
CZR	D	0.81%
PACB	C	0.81%
VFC	A	0.78%
GTHX	A	0.77%
WBD	C	0.76%
RIVN	F	0.76%
SNOW	C	0.74%
BE	D	0.51%
ACI	C	0.42%
CLSD	F	0.33%
WSC	F	-0.9%
SNPS	B	-1.24%

EVNT Underweight 30 Positions Relative to MNA

Symbol	Grade	Weight
DFS	A	-7.23%
FYBR	A	-3.74%
SHV	A	-3.27%
SMAR	A	-3.2%
BALY	A	-2.75%
ALE	A	-2.67%
SPR	C	-2.13%
AY	A	-2.08%
IBTX	B	-1.82%
INFN	B	-1.75%
HTLF	A	-1.08%
FBMS	B	-1.04%
AGS	A	-0.83%
HAYN	A	-0.75%
PFC	A	-0.55%
GATO	B	-0.51%
RVNC	C	-0.4%
CFB	D	-0.37%
PGRU	A	-0.35%
SRDX	D	-0.26%
CLF	C	--0.26%
BUSE	D	--0.38%
FA	D	--0.46%
WSBC	A	--0.56%
RNST	B	--1.05%
UMBF	A	--1.1%
SSB	B	--1.83%
BA	F	--1.85%
IP	A	--3.56%
COF	A	--7.9%