FDLS vs. ARB ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to AltShares Merger Arbitrage ETF (ARB)
FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.00

Average Daily Volume

12,481

Number of Holdings *

98

* 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

$28.14

Average Daily Volume

9,547

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period FDLS ARB
30 Days 5.72% 1.26%
60 Days 11.36% 1.96%
90 Days 11.41% 2.71%
12 Months 30.11% 7.29%
0 Overlapping Holdings
Symbol Grade Weight in FDLS Weight in ARB Overlap
FDLS Overweight 98 Positions Relative to ARB
Symbol Grade Weight
POWL B 1.32%
OPRA B 1.25%
TDS B 1.24%
DAL B 1.23%
GRMN A 1.17%
BBW C 1.17%
DOCU A 1.17%
TCBX B 1.17%
NECB B 1.16%
IBKR B 1.15%
WLDN C 1.15%
SFM A 1.13%
CEIX A 1.12%
DECK B 1.11%
STLD B 1.11%
PPC B 1.11%
CSTL B 1.11%
HQY B 1.1%
VITL D 1.1%
MNDY B 1.09%
NTNX B 1.09%
TSM B 1.09%
EHC A 1.09%
SAIC B 1.07%
VNET C 1.07%
TRGP A 1.07%
QNST C 1.06%
CVLT A 1.05%
TCMD B 1.05%
HWM B 1.04%
QCRH B 1.04%
SMWB B 1.04%
PTGX B 1.03%
CTAS A 1.03%
HY F 1.03%
BCRX C 1.02%
HNST C 1.02%
FIX A 1.02%
RNR C 1.02%
MG F 1.02%
CPRX B 1.01%
ACIW A 1.01%
CAT B 1.01%
WRB B 1.0%
LGTY B 1.0%
HSTM A 1.0%
FCNCA B 1.0%
BKR A 1.0%
MPLX B 0.99%
CBT A 0.99%
MGIC F 0.99%
GEN B 0.99%
VIRT B 0.98%
WWD B 0.98%
EME A 0.98%
RGA C 0.98%
RMD B 0.98%
ITRI A 0.97%
PNW C 0.97%
UGI D 0.97%
PGR B 0.96%
QCOM C 0.96%
BFH B 0.96%
LII A 0.96%
FANG F 0.96%
VIRC C 0.95%
WES D 0.95%
TSN D 0.95%
MELI D 0.95%
APPF D 0.94%
BELFB B 0.94%
PLUS C 0.94%
THC B 0.94%
BMI C 0.93%
TILE B 0.92%
CRUS F 0.9%
GFF C 0.9%
FRST C 0.9%
FRBA C 0.9%
OSPN B 0.89%
PHM D 0.89%
OFG C 0.89%
EVER F 0.88%
ESEA D 0.88%
EGY F 0.88%
NOMD F 0.88%
UHS D 0.87%
NEM D 0.87%
DHI D 0.86%
DVA D 0.86%
ADMA C 0.86%
BG F 0.85%
CHWY C 0.84%
ANGI C 0.84%
FSLR F 0.8%
ASC F 0.78%
ATNI F 0.76%
OSCR F 0.72%
FDLS Underweight 44 Positions Relative to ARB
Symbol Grade Weight
MRO C -2.76%
RCM B -2.73%
CTLT D -2.72%
HCP A -2.72%
SPR F -2.68%
K B -2.67%
JNPR B -2.66%
ANSS B -2.57%
INFN C -2.27%
SRCL A -2.19%
CHX D -2.19%
ENV C -2.17%
SILK A -2.16%
PETQ A -2.14%
EVRI A -2.13%
RVNC C -2.07%
HA A -2.02%
HES C -1.95%
DFS B -1.9%
X C -1.85%
DO D -1.83%
ALE A -1.81%
PRFT A -1.81%
PWSC C -1.81%
AXNX A -1.81%
INST C -1.79%
VZIO B -1.78%
AMK B -1.78%
GTHX A -1.72%
SRDX D -1.4%
FBMS B -1.16%
HTLF B -1.15%
BALY B -1.14%
CHUY B -1.13%
TWKS C -1.11%
MGRC B -1.07%
ITI B -1.07%
SWN C -0.94%
CALT C -0.58%
AAN B -0.56%
CNSL A -0.54%
AGS A -0.53%
HAYN A -0.53%
SRCL A -0.5%
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