Key stats
About AltShares Event-Driven ETF
Home page
Inception date
Sep 20, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Water Island Capital LLC
ISIN
US02210T2078
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Consumer Services
Finance
Corporate
Cash
Stocks86.36%
Technology Services15.13%
Consumer Services10.96%
Finance10.12%
Health Technology8.36%
Transportation6.94%
Consumer Non-Durables3.04%
Energy Minerals3.01%
Electronic Technology3.00%
Commercial Services2.65%
Distribution Services2.37%
Retail Trade2.33%
Utilities1.75%
Producer Manufacturing1.55%
Industrial Services1.15%
Communications0.97%
Health Services0.02%
Bonds, Cash & Other13.64%
Corporate17.36%
Cash14.03%
Rights & Warrants−0.01%
Miscellaneous−17.73%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EVNT last dividends amounted to 0.01 USD. The year before, the issuer paid 0.07 USD in dividends, which shows a 1.25 K% decrease.
EVNT assets under management is 7.06 M USD. It's risen 17.82% over the last month.
EVNT fund flows account for 1.64 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, EVNT pays dividends to its holders with the dividend yield of 0.60%. The last dividend (Dec 19, 2024) amounted to 0.08 USD. The dividends are paid annually.
EVNT shares are issued by Water Island Capital Partners LP under the brand Altshares. The ETF was launched on Sep 20, 2021, and its management style is Active.
EVNT expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
EVNT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EVNT invests in stocks.
EVNT price has fallen by −6.59% over the last month, and its yearly performance shows a 9.59% increase. See more dynamics on EVNT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.25% over the last month, have fallen by −0.25% over the last month, showed a 3.16% increase in three-month performance and has increased by 11.50% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.25% over the last month, have fallen by −0.25% over the last month, showed a 3.16% increase in three-month performance and has increased by 11.50% in a year.
EVNT trades at a premium (0.26%) meaning the ETF is trading at a higher price than the calculated NAV.