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.

Xilinx, Inc.

Kansas City Southern

Willis Towers Watson Public Limited Company

PPD, Inc.

Nuance Communications, Inc.

Coherent, Inc.

Athene Holding Ltd.

Hill-Rom Holdings, Inc.

Rogers Corporation

Five9, Inc.

Technology

Financial Services

Healthcare

Industrials

Cash & Others

Basic Materials

Energy

Real Estate

Communication Services

Consumer Defensive

AltShares Event-Driven ETF

EVNT Holdings & Sector Breakdown

EVNT Holdings & Sector Breakdown