Key stats
About AltShares Event-Driven ETF
Expense ratio
1.29%
Home page
Inception date
Sep 17, 2021
EVNT focuses on event opportunities to generate return that is more correlated to the outcomes of idiosyncratic events than that of the broader equity and credit markets. By pursuing a long/short event-driven strategy, the fund seeks to profit by investing in equity and debt securities of companies whose prices are believed to be impacted by a publicly announced or anticipated corporate event. Such corporate events may take the form of hard and soft catalysts. Hard catalysts are characterized by definitive outcomes, shorter timelines, and lower volatility levels, such as publicly announced M&As, Dutch tenders, IPOs of SPACs, and spin-offs. Soft ones have the opposite characteristics, including speculated M&As, post-completion spin-offs, de-SPAC processes, and other corporate reorganizations. The fund will hold higher percentage in long positions, and will have no constraints with respect to issuer, geography, market cap, credit quality, sector or industry.
Classification
What's in the fund
Exposure type
Health Technology
Corporate
ETF
Stocks79.23%
Health Technology20.13%
Consumer Services9.69%
Energy Minerals8.88%
Technology Services8.40%
Electronic Technology5.50%
Finance5.01%
Consumer Non-Durables4.16%
Commercial Services2.96%
Retail Trade2.63%
Process Industries1.82%
Non-Energy Minerals1.82%
Producer Manufacturing1.39%
Communications1.13%
Health Services0.96%
Utilities0.80%
Consumer Durables0.40%
Industrial Services−2.03%
Bonds, Cash & Other20.77%
Corporate13.74%
ETF11.04%
Cash3.36%
Temporary0.01%
Miscellaneous−7.37%