EVNT

AltShares Event-Driven ETF
*Unless otherwise stated, data provided by FactSet.

EVNT Fund Description

EVNT is an actively managed fund that provides long and short exposure to equity and debt securities of companies believed to be impacted by an announced or anticipated corporate event.

EVNT Factset Analytics Insight

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.

PERFORMANCE [as of 06/23/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
EVNT -2.13% -7.06% -8.51% -- -- -- --
EVNT (NAV) -2.00% -6.81% -8.46% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

EVNT Summary Data

Altshares
09/17/21
Open-Ended Fund
1.30%
$2.67M
$15.39K
0.69%

EVNT Portfolio Data

Long/Short Broad-based
--
N/A
--

EVNT Index Data

No Underlying Index
Proprietary
Proprietary
N/A

EVNT Portfolio Management

1.30%
--
--
--

EVNT Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

EVNT Fund Structure

Open-Ended Fund
No
--
-- / --
N/A
N/A
High
Daily

EVNT Factset Analytics Block Liquidity

As of 06/24/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of EVNT. EVNT is rated a N/A out of 5.

EVNT Tradability

1,635
$15.39K
102
0
0.69%
$0.06
0.02%
0.58% / -1.01%
None
--
10,000
0.01
--
--
0
$9.30
N/A

EVNT Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

EVNT Top 5 Holdings Short

--

EVNT Performance Statistics

--
1.20%
-4.38%
-0.11
-0.16
-0.34
1.14

EVNT Correlations (Daily Returns 12 Mo)

0.74
0.07
-0.01

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.