# AltShares Event-Driven ETF (EVNT): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/evnt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Altshares · Asset class: Alternatives - Strategy: Thematic · Inception: 2014-12-31 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. ## Key Facts | Metric | Value | |---|---| | Price | $12.26 | | Expense Ratio | 1.27% | | Assets Under Management | $13.1M | | NAV | $12.24 | | Holdings Count | 55 | | Distribution Yield (TTM) | 4.50% | | Annual Distribution (TTM) | $0.55 /share | | Distribution Frequency | Annual | | 52-Week Range | $10.35 – $13.00 | | Beta | 0.27 | ## Latest Distribution - Amount: $0.5514 /share - Ex-date: 2025-12-18 - Pay date: 2025-12-19 ## Frequently Asked Questions ### 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. ### Does EVNT pay a dividend? AltShares Event-Driven ETF (EVNT) currently distributes little or no income. Trailing-twelve-month yield is 4.50%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does EVNT pay dividends? AltShares Event-Driven ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is EVNT's dividend yield? EVNT's trailing-twelve-month yield is 4.50%, calculated from the sum of dividends over the past year divided by the current price. ### When is EVNT's next ex-dividend date? The most recently announced ex-dividend date for EVNT was 2025-12-18. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will EVNT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.27% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does EVNT charge its expense ratio? The expense ratio is deducted in tiny daily slices from EVNT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does EVNT cost more than a fund like VOO? EVNT's strategy (current expense ratio 1.27%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where EVNT sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to EVNT? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as EVNT (1.27%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/evnt - Distribution history: https://www.dividenddata.com/funds/evnt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/evnt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/evnt/expenses - Peer comparison: https://www.dividenddata.com/funds/evnt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.