EVNTAltShares Event-Driven ETF

Diversifier11y track recordRanked #195 of 240 in this goal

Seeks capital appreciation over a full market cycle with lower volatility than the broad equity market.

By AltShares · Launched 2014

Annual Cost

1.33%

#5,370 of 5,562 · expensive

Fund Size

$12M

#4,662 of 5,562 · small

Return (1Y)Goal

+10.8%

Track Record

11 years

#1,262 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$11,066+10.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Long short

What it actually holds

By weight

Concentration

Top 10 holdings = 55.8% of fundmoderately concentrated

MORGAN STANLEY PRIME BROKER US

10.9%

State Street Global Advisors

10.3%

Morgan Stanley & Co. LLC

10.3%

CyberArk Software Ltd

4.5%

Electronic Arts Inc

4.1%

Aspen Insurance Holdings Ltd

3.7%

Chart Industries Inc

3.6%

Norfolk Southern Corp

3.4%

TXNM Energy Inc

2.6%

Hologic Inc

2.5%

Asset allocation

Stocks

85.8%

Bonds

8.1%

Cash

4.8%

Convertible

1.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

7.6%Low

Year-on-year price swings

Max drawdown

-13.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.82Decent risk-adjusted returns

Sortino (3Y)

1.25Good downside protection

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks capital appreciation over a full market cycle with lower volatility than the broad equity market.
Strategy: Employs a long/short event-driven strategy, investing in equity and debt securities impacted by corporate events. Focuses on both hard and soft catalysts, with a primary emphasis on definitive merger arbitrage. Engages in active trading and may use derivatives to enhance returns and hedge positions.
Inception date: December 31, 2014
Fund family: AltShares