KRE vs. ARB ETF Comparison

Comparison of SPDR S&P Regional Banking ETF (KRE) to AltShares Merger Arbitrage ETF (ARB)

KRE

SPDR S&P Regional Banking ETF

KRE 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 regional banking segment of the U.S. banking industry. In seeking to track the performance of the S&P Regional Banks 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 regional banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.59

Average Daily Volume

13,680,654

Number of Holdings ^*

139

* 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	KRE	ARB
30 Days	-4.97%	0.52%
60 Days	2.09%	1.41%
90 Days	12.96%	2.83%
12 Months	41.04%	5.92%

4 Overlapping Holdings

Symbol	Grade	Weight in KRE	Weight in ARB	Overlap
HTLF	C	0.42%	1.88%	0.42%
IBTX	D	0.44%	0.67%	0.44%
SSB	C	1.7%	-0.68%	-0.68%
UMBF	C	1.35%	-0.59%	-0.59%

KRE Overweight 135 Positions Relative to ARB

Symbol	Grade	Weight
RF	C	4.77%
MTB	C	4.73%
CFG	D	4.65%
HBAN	D	4.61%
TFC	D	4.58%
FHN	D	3.39%
ZION	D	2.83%
WAL	C	2.49%
OZK	F	2.29%
WBS	D	2.17%
SNV	D	2.09%
EWBC	D	1.89%
COLB	C	1.84%
CFR	D	1.75%
VLY	C	1.5%
PNFP	D	1.45%
CADE	D	1.43%
AX	D	1.36%
WTFC	D	1.35%
BPOP	D	1.34%
PB	D	1.32%
ONB	D	1.18%
FNB	D	1.13%
CBSH	D	1.12%
TBBK	C	1.03%
BANC	D	1.02%
ASB	F	0.99%
HWC	D	0.91%
BKU	D	0.86%
FULT	D	0.85%
FFIN	D	0.82%
TCBI	C	0.82%
HOMB	D	0.81%
FBP	D	0.79%
GBCI	C	0.79%
CUBI	F	0.76%
BOH	D	0.72%
ABCB	C	0.69%
UBSI	D	0.64%
FIBK	D	0.62%
AUB	D	0.57%
EBC	D	0.56%
PFS	D	0.54%
BOKF	D	0.53%
CBU	D	0.52%
WAFD	D	0.5%
CATY	D	0.5%
CVBF	B	0.5%
INDB	D	0.5%
UCBI	B	0.49%
SFBS	D	0.48%
FHB	D	0.47%
IBOC	D	0.47%
RNST	D	0.45%
WSFS	D	0.44%
PPBI	F	0.44%
SBCF	D	0.41%
BANR	C	0.38%
CASH	D	0.37%
HTH	D	0.36%
NBHC	D	0.36%
SFNC	C	0.35%
OFG	D	0.34%
FFBC	D	0.33%
TRMK	D	0.32%
NWBI	D	0.3%
HOPE	D	0.3%
FRME	D	0.3%
SASR	C	0.3%
VBTX	C	0.29%
PRK	D	0.29%
FCF	D	0.29%
BHLB	D	0.27%
TOWN	D	0.26%
NBTB	D	0.26%
LKFN	F	0.25%
BANF	D	0.25%
LOB	C	0.25%
FBMS	D	0.24%
EGBN	B	0.23%
WSBC	D	0.23%
FBNC	D	0.22%
CHCO	D	0.21%
FBK	D	0.21%
EFSC	D	0.21%
PFBC	D	0.2%
BRKL	D	0.19%
WABC	F	0.19%
OCFC	C	0.19%
DCOM	C	0.18%
STBA	D	0.18%
QCRH	D	0.17%
CPF	C	0.16%
CFFN	D	0.16%
BUSE	D	0.16%
MCB	B	0.15%
CFB	D	0.15%
SYBT	D	0.15%
PFC	D	0.15%
SRCE	D	0.15%
AMAL	D	0.15%
TCBK	D	0.15%
NFBK	D	0.14%
HFWA	D	0.14%
OSBC	D	0.14%
HTBK	D	0.14%
PEBO	F	0.13%
NIC	D	0.13%
HAFC	D	0.13%
FFWM	F	0.13%
BY	D	0.13%
TFSL	F	0.12%
SBSI	D	0.12%
IBCP	D	0.12%
CNOB	C	0.12%
KRNY	C	0.11%
OBK	F	0.11%
TMP	D	0.11%
WASH	D	0.1%
HIFS	D	0.1%
TRST	D	0.09%
PGC	D	0.09%
CCB	C	0.09%
MBWM	D	0.09%
AMTB	F	0.09%
CTBI	D	0.08%
UVSP	D	0.08%
FFIC	D	0.08%
THFF	D	0.07%
HBNC	D	0.07%
CAC	C	0.06%
MSBI	F	0.06%
CLBK	F	0.05%
HONE	D	0.05%
GSBC	D	0.05%

KRE Underweight 38 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%
JNPR	B	-2.31%
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%
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%
OLK	A	-0.62%
SRCL	B	-0.6%
CNSL	A	-0.57%
CRGY	B	--0.49%
SNPS	F	--1.86%
CHK	D	--1.94%
CHRD	F	--2.18%
EQT	B	--2.53%