AltShares Event-Driven ETF

Frequently Asked Questions About EVNT

What does EVNT invest in?

To pursue the fund's investment objective, the adviser employs a "long/short" event-driven strategy, which seeks to profit by investing, long and/or short, in the equity and debt securities of companies whose prices Water Island Capital, LLC (the "adviser") believes are or will be impacted by a publicly announced or anticipated corporate event. The adviser will hold a higher percentage of the fund's assets in long positions. The fund is non-diversified.

What is the expense ratio of EVNT?

AltShares Event-Driven ETF (EVNT) charges an expense ratio of 1.33%. This is the annual fee deducted from fund assets to cover management and operations.

How big is EVNT?

AltShares Event-Driven ETF (EVNT) manages $8.6M 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 September 2021 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.