FDAT vs. QAI ETF Comparison

Comparison of Tactical Advantage ETF (FDAT) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)

FDAT

Tactical Advantage ETF

FDAT Description

The fund is an actively managed "fund-of ETFs." Family Dynasty Advisors LLC, the fund"s sub-adviser, invests the fund"s assets in ETFs that are listed on U.S. stock exchanges. The fund will invest in underlying ETFs that primarily invest in U.S. equity securities or high-yield bonds. Additionally, the fund will hold cash and cash equivalents.

Grade (RS Rating)

Last Trade

$21.87

Average Daily Volume

2,552

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

QAI

IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF

QAI Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund invests normally at least 80% of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.

Grade (RS Rating)

Last Trade

$31.22

Average Daily Volume

60,523

Number of Holdings ^*

43

* may have additional holdings in another (foreign) market

Performance

Period	FDAT	QAI
30 Days	0.03%	1.04%
60 Days	0.99%	1.30%
90 Days	-0.37%	1.40%
12 Months	8.15%	9.14%

2 Overlapping Holdings

	Symbol	Grade	Weight in FDAT	Weight in QAI	Overlap
	PFF	B	7.06%	-0.46%	-0.46%
	SOXX	B	7.54%	-0.21%	-0.21%

FDAT Overweight 8 Positions Relative to QAI

	Symbol	Grade	Weight
	XLK	A	7.43%
	ITB	D	7.17%
	SCHA	D	7.08%
	TLT	C	7.04%
	VHT	B	7.04%
	VO	D	6.99%
	VFH	B	6.99%
	XBI	C	6.99%

FDAT Underweight 41 Positions Relative to QAI

	Symbol	Grade	Weight
	FLOT	A	-15.62%
	MUB	A	-3.56%
	SIVR	B	-0.0%
	GLDM	C	--0.01%
	SPHQ	B	--0.01%
	PIN	A	--0.01%
	FLJP	C	--0.01%
	VGLT	B	--0.02%
	CTA	D	--0.03%
	COMT	B	--0.04%
	BBJP	B	--0.04%
	SCHG	A	--0.04%
	KMLM	C	--0.05%
	PFFD	A	--0.07%
	VMBS	A	--0.07%
	MBB	A	--0.12%
	ARB	A	--0.17%
	DBMF	A	--0.18%
	HYLB	A	--0.23%
	MTUM	A	--0.3%
	PDBC	B	--0.33%
	DBA	C	--0.37%
	SRLN	B	--0.41%
	SCHR	A	--0.41%
	JEPI	D	--0.45%
	BKLN	A	--0.49%
	VTEB	A	--0.51%
	ICVT	A	--0.52%
	STIP	A	--0.53%
	JEPQ	A	--0.54%
	FXB	A	--0.54%
	MNA	B	--0.66%
	FLRN	B	--0.84%
	UUP	B	--0.95%
	CWB	B	--1.1%
	IGOV	C	--1.18%
	VGIT	A	--1.24%
	SGOV	C	--1.24%
	BWX	C	--2.02%
	BIL	B	--2.06%
	BTAL	C	--3.45%

FDAT: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index Index Fund Global Industry Classification Standard Industry Classification MSCI EAFE Biotechnology Biotechnology Segment Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Dow Jones Global Indexes Dow Jones Industrial Average Index Dow Jones U.S. Select Home Construction Index Dow Jones U.S. Total Stock Market Index Exchange Traded Funds Government Bonds Investment Management Ishares

QAI: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Indices U.S. Treasury Exchange Traded Funds Bloomberg Barclays Us Aggregate Bond Index Bond Market Invesco Powershares Managed Futures Account Stock Market Index Commodity Markets Swaps U.S. Government Arbitrage Betashares Bond Market Index Bullion Commodity