AltShares Event-Driven ETF

Frequently Asked Questions About EVNT

What does EVNT invest in?

Water Island Capital, LLC, the fund's adviser, pursues the investment objective by implementing a 'long/short' event-driven strategy. This approach seeks to capitalize on price movements in the equity and debt securities of companies that the adviser believes will be affected by public or anticipated corporate events. A higher proportion of the fund's assets will be held in long positions. The fund is structured as a non-diversified investment.

What is the expense ratio of EVNT?

AltShares Event-Driven ETF (EVNT) charges an expense ratio of 1.27%. This is the annual fee deducted from fund assets to cover management and operations.

How big is EVNT?

AltShares Event-Driven ETF (EVNT) manages $13.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is EVNT actively managed or an index fund?

EVNT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was EVNT launched?

AltShares Event-Driven ETF (EVNT) launched in December 2014 and is managed by Altshares.

How has EVNT performed?

EVNT's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.