JFWD vs. ARB ETF Comparison

Comparison of Jacob Funds Inc. Jacob Forward ETF (JFWD) to AltShares Merger Arbitrage ETF (ARB)

JFWD

Jacob Funds Inc. Jacob Forward ETF

JFWD Description

The Jacob Forward ETF is an exchange-traded fund incorporated in the US. This fund seeks long-term growth of capital. The Fund seeks to achieve its investment objective by investing in common stocks and other equity securities of companies of all sizes. The Fund may have significant exposure to the information technology sector.

Grade (RS Rating)

Last Trade

$10.56

Average Daily Volume

538

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

$27.69

Average Daily Volume

9,990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JFWD	ARB
30 Days	-0.97%	0.25%
60 Days	8.62%	1.14%
90 Days	7.21%	2.56%
12 Months	40.84%	5.65%

0 Overlapping Holdings

	Symbol	Grade	Weight in JFWD	Weight in ARB	Overlap

JFWD Overweight 34 Positions Relative to ARB

Symbol	Grade	Weight
HROW	C	9.21%
CDNA	C	6.94%
DKNG	D	5.34%
Z	C	5.06%
INSE	C	4.97%
MDB	D	4.71%
DOCS	B	4.65%
AIOT	C	4.43%
HRTX	F	4.2%
SQ	D	4.0%
ESPR	F	3.49%
NET	D	3.35%
PRCH	F	3.17%
OPRX	F	2.98%
KRYS	D	2.71%
ATEC	F	2.59%
PHR	F	2.37%
BRZE	F	2.15%
CDXS	D	2.12%
CFLT	F	2.05%
TELA	F	2.01%
APPS	F	1.67%
SOFI	C	1.44%
FLUT	B	1.31%
IMMR	D	1.3%
ATHM	A	1.25%
HUYA	C	1.24%
IDYA	F	1.09%
BEAM	F	0.97%
ARCT	D	0.85%
CELC	F	0.85%
PI	B	0.76%
CRSP	F	0.74%
INVE	F	0.73%

JFWD Underweight 42 Positions Relative to ARB

Symbol	Grade	Weight
HCP	B	-3.33%
HES	D	-3.31%
ANSS	D	-3.06%
WIRE	B	-2.76%
HIBB	B	-2.69%
PRFT	A	-2.69%
EDR	A	-2.67%
CHX	F	-2.56%
ETRN	B	-2.51%
JNPR	C	-2.31%
CTLT	B	-2.24%
ALE	A	-2.09%
AXNX	A	-2.09%
VZIO	B	-1.99%
EVBG	D	-1.98%
X	F	-1.89%
CERE	C	-1.88%
HTLF	C	-1.88%
SWN	C	-1.85%
AMK	B	-1.83%
DFS	C	-1.77%
CPRI	C	-1.75%
AMED	D	-1.45%
MGRC	D	-1.36%
AGS	D	-1.32%
HAYN	B	-1.31%
NWLI	B	-1.28%
HA	A	-1.23%
WRK	B	-0.94%
SBOW	F	-0.82%
OSG	A	-0.67%
IBTX	D	-0.67%
OLK	D	-0.62%
SRCL	B	-0.6%
CNSL	A	-0.57%
CRGY	D	--0.49%
UMBF	C	--0.59%
SSB	C	--0.68%
SNPS	F	--1.86%
CHK	C	--1.94%
CHRD	F	--2.18%
EQT	C	--2.53%