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EVNT

GradeDNew York Stock Exchange Arca

AltShares Event-Driven ETF

Multi-Asset & Alternatives · Altshares · Inception 2014-12-31 · SEC filings

$12.26−0.08 (−0.65%)

As of Sep 23, 2026, 3:08 PM EDT

Intraday session: down, 4 prints from 12.34 to 12.26. Range 12.26 to 12.35. Use the arrow keys to read each point.$12.28$12.30$12.32$12.3410 AM12 PM2 PM4 PM
Expense ratio
1.33%
Fund size
$13M
1Y return
+10.2%
Yield · Last 12 months
4.47%
Holdings
55
Volume · 30D
0M sh
NAV per share
$12.25
52W range
low $10.35high $13.00

The ETF.net EVNT Grade

D

37/ 100

Rank 21 of 30 in Alternative Strategies⁠

Confidence Medium

Six-pillar profile for EVNT. Scores out of 100: Cost 31, Risk 72, Mission not scored, Tradability 12, Holdings not scored, Durability 50. Strongest: Risk (72). Weakest: Tradability (12). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 31
    Category rank21/30 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 72
    Category rank8/30 · top 27%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 12
    Category rank27/30 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank20/30 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on EVNT

ETF.net Research

DMost funds in this corner bet on announced mergers. EVNT casts wider: a long/short book of stocks and bonds tied to any corporate event, anywhere in the world. Hedge-fund playbook, ETF wrapper, hedge-fund-style fee.

Stated mandate

The Fund seeks returns through a long/short event-driven strategy investing in equity and debt securities whose prices may be affected by publicly announced or anticipated corporate events. It may pursue opportunities across industries, sectors, market capitalizations, credit qualities and countries.

Why people hold it

  1. 01Widest net in its niche: mergers plus any publicly announced or anticipated corporate event, in equity or debt, across sectors, market caps, credit qualities and countries.
  2. 02Runs longs and shorts together, so the outcome leans on how specific deals and events resolve rather than on the market's direction.
  3. 03About 60 positions inside a 1940 Act ETF launched in 2021: daily pricing, intraday trading, no lockups.

Worth knowing

  1. 011.33% a year, versus roughly 0.75% at merger-arb peers MNA and ARB. The broader, shortable mandate carries an active-management price tag.
  2. 02A small, thinly traded fund, so spreads can be wide and size moves the price. Limit orders are the norm in this part of the market.
  3. 03Cash goes out on an annual or semiannual schedule, not monthly, and on cost plus trading friction it sits at the back of its small event/arb peer group.

EVNT Holdings

As of Sep 20, 2026, 9:25 AM
Asset class
Other
Holdings
55
Top-10 weight
42%
Largest holding
Chart Industries, Inc.5.4%

Sectors

  • Health Care25.8%
  • Industrials19.2%
  • Financials16.6%
  • Communication13.2%
  • Consumer Discr.8.2%
  • Utilities5.6%
  • Technology5.5%
  • Real Estate5.1%
  • Energy0.8%

Geography

  • United States91.60%
  • United Kingdom5.72%
  • Canada1.83%
  • Germany0.86%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Chart Industries, Inc.5.38%97,296$575K2
002EAElectronic Arts, Inc.4.86%2,590$519K2
003HOLXHologic, Inc.4.74%6,717$506K2
004NSCNorfolk Southern Corp.4.43%1,503$473K263
005—Warner Bros Discovery, Inc.4.40%16,706$471K2
006EXASExact Sciences Corp.4.30%4,444$459K2
007CFLTConfluent, Inc., Class A4.25%14,808$454K2
0080RPW.LJanus Henderson Group PLC4.00%8,214$428K1
009TXNMTXNM Energy, Inc.3.19%5,786$341K116
010—DigitalBridge Group, Inc.2.90%20,068$310K2
011PENPenumbra, Inc.2.86%888$306K134
012RAPTRAPT Therapeutics, Inc.2.80%5,168$300K2
013PRAProAssurance Corp.2.62%11,420$280K2
014FOLDAmicus Therapeutics, Inc.2.34%17,434$251K2
015DKSDick's Sporting Goods, Inc.2.27%1,190$242K179

Showing 1–15 of 64 holdings

EVNT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EVNT$11,015
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EVNT $11,015. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EVNT. Periods over one year show the average yearly return.
PeriodEVNT
Year to date+6.9%
1 month+0.1%
3 months+2.5%
1 year+10.2%
3 years+10.6%per year
5 years+5.2%per year
10 yearsHistory unavailable—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EVNT
YearReturn barEVNT
2026 YTD+6.9%
2025+13.8%
2024+5.1%
2023+13.3%
2022−8.6%
2021−3.2%

History from Sep 20, 2021

EVNT in the news

ETF.net Research hasn’t filed on EVNT yet — coverage lands here as it’s written.

EVNT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
4.47%Last 12 months
Payout per share
$0.55Last 12 months
Last payment
$0.55 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 15, 2022 $0.24; Dec 14, 2023 $0.06; Dec 18, 2024 $0.07; Dec 18, 2025 $0.55. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 19, 2025$0.55
Dec 18, 2024Dec 19, 2024$0.07
Dec 14, 2023Dec 18, 2023$0.06
Dec 15, 2022Dec 19, 2022$0.24

EVNT Risk

How much the fund’s monthly returns vary, scaled to a year.
6.0%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.82
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.9%
Trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.27
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

EVNT Cost

Expense ratio1.33%
  • The middle half of Alternative Strategies funds
  • Median 1.00%

18 of the 29 Alternative Strategies funds charge less.

EVNT costs $133.00 a year on $10,000. The median Alternative Strategies fund costs $100.00.