IDGT vs. ARB ETF Comparison

Comparison of iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) to AltShares Merger Arbitrage ETF (ARB)

IDGT

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT Description

The underlying index which measures the performance of stocks of U.S.-listed companies, as well as U.S.-listed ADRs of foreign companies from developed markets, involved in the ownership and management of data centers, telecommunication towers, and related equipment, as determined by S&P Dow Jones Indices LLC. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$78.65

Average Daily Volume

4,206

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

$27.76

Average Daily Volume

10,048

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IDGT	ARB
30 Days	5.50%	0.52%
60 Days	7.84%	1.41%
90 Days	12.19%	2.83%
12 Months	31.54%	5.92%

1 Overlapping Holdings

	Symbol	Grade	Weight in IDGT	Weight in ARB	Overlap
	JNPR	B	4.35%	2.31%	2.31%

IDGT Overweight 24 Positions Relative to ARB

Symbol	Grade	Weight
DLR	C	9.84%
EQIX	B	9.83%
AMT	C	9.28%
CCI	C	9.1%
FSLY	D	5.96%
ANET	A	4.86%
MSI	A	4.47%
UNIT	B	4.41%
SBAC	B	4.26%
SMCI	F	4.11%
MRVL	C	4.08%
CSCO	A	4.05%
NTAP	D	3.09%
QCOM	D	3.04%
CIEN	A	2.14%
SGH	D	0.64%
ATEN	B	0.62%
COMM	C	0.51%
EXTR	C	0.45%
CRDO	B	0.4%
CALX	C	0.27%
ADTN	B	0.21%
CLFD	D	0.19%
INFN	C	0.13%

IDGT Underweight 41 Positions Relative to ARB

Symbol	Grade	Weight
HCP	B	-3.33%
HES	D	-3.31%
ANSS	D	-3.06%
WIRE	A	-2.76%
HIBB	A	-2.69%
PRFT	A	-2.69%
EDR	A	-2.67%
CHX	D	-2.56%
ETRN	D	-2.51%
CTLT	A	-2.24%
ALE	A	-2.09%
AXNX	A	-2.09%
VZIO	A	-1.99%
EVBG	B	-1.98%
X	F	-1.89%
CERE	A	-1.88%
HTLF	C	-1.88%
SWN	D	-1.85%
AMK	B	-1.83%
DFS	C	-1.77%
CPRI	B	-1.75%
AMED	D	-1.45%
MGRC	D	-1.36%
AGS	B	-1.32%
HAYN	B	-1.31%
NWLI	A	-1.28%
HA	B	-1.23%
WRK	C	-0.94%
SBOW	D	-0.82%
OSG	A	-0.67%
IBTX	D	-0.67%
OLK	A	-0.62%
SRCL	B	-0.6%
CNSL	A	-0.57%
CRGY	B	--0.49%
UMBF	C	--0.59%
SSB	C	--0.68%
SNPS	F	--1.86%
CHK	D	--1.94%
CHRD	F	--2.18%
EQT	B	--2.53%