AWEG vs. MNA ETF Comparison

Comparison of Alger Weatherbie Enduring Growth ETF (AWEG) to IQ Merger Arbitrage ETF (MNA)
AWEG

Alger Weatherbie Enduring Growth ETF

AWEG Description

The fund invests primarily in equity securities of mid-cap growth companies with an environmental, social and governance ("ESG") rating of medium or better, as rated by Sustainalytics, a third-party ESG rating agency, at the time of purchase. Under normal circumstances, 80% of companies in the fund"s portfolio, based on net assets, will have a Sustainalytics ESG rating. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.83

Average Daily Volume

148

Number of Holdings *

23

* may have additional holdings in another (foreign) market
MNA

IQ Merger Arbitrage ETF

MNA Description The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"). The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.83

Average Daily Volume

52,891

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period AWEG MNA
30 Days 0.86% -0.36%
60 Days -1.26% 0.31%
90 Days 4.26% 2.05%
12 Months 31.39% 5.88%
0 Overlapping Holdings
Symbol Grade Weight in AWEG Weight in MNA Overlap
AWEG Overweight 23 Positions Relative to MNA
Symbol Grade Weight
TDG C 11.31%
CWST D 6.33%
GKOS B 5.32%
WCN D 4.7%
HEI D 4.49%
STEP B 4.29%
PCTY A 3.74%
TNDM F 3.59%
VERX B 3.45%
RXO B 3.43%
ACAD F 3.41%
XPO A 3.35%
SPSC F 3.25%
HUBS B 3.21%
NEOG D 3.07%
SITE F 2.74%
OLLI C 2.64%
PGNY F 2.61%
NCNO B 2.35%
MEG F 2.29%
AGYS D 1.8%
TTD B 1.24%
PI C 0.75%
AWEG Underweight 44 Positions Relative to MNA
Symbol Grade Weight
DFS A -7.23%
CTLT D -5.72%
JNPR A -5.11%
HCP A -4.32%
FYBR A -3.74%
SHV A -3.27%
MRO C -3.25%
SMAR A -3.2%
SRCL A -2.81%
BALY A -2.75%
ALE A -2.67%
INST A -2.62%
ENV A -2.57%
K A -2.46%
AXNX A -2.38%
SPR C -2.13%
AY A -2.08%
RCM A -2.0%
IBTX B -1.82%
INFN B -1.75%
EVRI A -1.58%
SRCL A -1.46%
VZIO C -1.33%
HTLF A -1.08%
FBMS B -1.04%
PETQ A -0.85%
AGS A -0.83%
HAYN A -0.75%
PFC A -0.55%
GATO B -0.51%
RVNC C -0.4%
CFB D -0.37%
PGRU A -0.35%
SRDX D -0.26%
CLF C --0.26%
BUSE D --0.38%
FA D --0.46%
WSBC A --0.56%
RNST B --1.05%
UMBF A --1.1%
SSB B --1.83%
BA F --1.85%
IP A --3.56%
COF A --7.9%
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