EVNT vs. XSD ETF Comparison

Comparison of AltShares Event-Driven ETF (EVNT) to SPDR S&P Semiconductor ETF (XSD)

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

397

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSD

SPDR S&P Semiconductor ETF

XSD Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the semiconductor segment of a U.S. total market composite index. In seeking to track the performance of the S&P Semiconductor Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the semiconductors industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$238.25

Average Daily Volume

77,407

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EVNT	XSD
30 Days	1.09%	6.82%
60 Days	3.03%	15.27%
90 Days	6.41%	-6.59%
12 Months	10.77%	25.52%

1 Overlapping Holdings

	Symbol	Grade	Weight in EVNT	Weight in XSD	Overlap
	INTC	D	1.29%	3.44%	1.29%

EVNT Overweight 39 Positions Relative to XSD

Symbol	Grade	Weight
HES	D	5.01%
OLK	A	4.42%
MCS	B	4.38%
CHX	C	3.62%
CERE	A	3.17%
JNPR	C	3.17%
CTLT	A	2.99%
AXNX	A	2.98%
ANSS	D	2.87%
MGRC	D	2.66%
HCP	A	2.61%
BA	F	2.56%
CZR	B	2.1%
PRFT	A	2.07%
X	F	1.96%
PVH	D	1.87%
CCI	D	1.69%
FL	F	1.69%
VFC	A	1.56%
SIMO	D	1.45%
TGNA	B	1.32%
RAMP	F	1.22%
VZIO	A	1.2%
PARA	F	1.06%
DIS	D	1.04%
AMED	D	1.01%
AURA	C	0.98%
SQSP	A	0.98%
CPRI	C	0.91%
PNM	B	0.9%
PACB	D	0.6%
WBD	F	0.6%
RIVN	F	0.49%
ACI	F	0.46%
ZLAB	C	0.41%
SNOW	F	0.33%
LVTX	F	0.05%
WSC	D	-0.95%
SNPS	F	-1.38%

EVNT Underweight 37 Positions Relative to XSD

Symbol	Grade	Weight
LSCC	D	-3.38%
MU	D	-3.33%
PI	A	-3.24%
FSLR	C	-3.16%
SMTC	C	-3.15%
CRDO	B	-3.12%
MTSI	B	-3.11%
ALGM	F	-3.06%
AMD	C	-3.05%
NXPI	F	-3.01%
AMBA	C	-2.99%
SLAB	D	-2.98%
TXN	C	-2.96%
MCHP	F	-2.94%
SITM	A	-2.94%
ON	F	-2.93%
ADI	B	-2.91%
AVGO	B	-2.91%
RMBS	F	-2.91%
NVDA	B	-2.88%
QCOM	D	-2.87%
MPWR	B	-2.86%
OLED	B	-2.78%
SWKS	F	-2.73%
QRVO	F	-2.72%
MRVL	C	-2.7%
CRUS	D	-2.58%
POWI	F	-2.49%
SYNA	F	-2.24%
WOLF	F	-2.02%
DIOD	F	-1.88%
SGH	D	-1.69%
MXL	D	-1.29%
AOSL	D	-1.2%
INDI	F	-1.02%
CEVA	B	-0.25%
NVEC	D	-0.17%