MNA vs. ARB ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to AltShares Merger Arbitrage ETF (ARB)
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
ARB

AltShares Merger Arbitrage ETF

ARB Description AltShares Trust - AltShares Merger Arbitrage ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. It invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund employs long/short strategy and uses derivatives such as futures, forwards, swaps to create its portfolio. AltShares Trust - AltShares Merger Arbitrage ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$27.95

Average Daily Volume

8,778

Number of Holdings *

44

* may have additional holdings in another (foreign) market
Performance
Period MNA ARB
30 Days -0.36% 0.67%
60 Days 0.31% 1.19%
90 Days 2.05% 2.09%
12 Months 5.88% 6.56%
27 Overlapping Holdings
Symbol Grade Weight in MNA Weight in ARB Overlap
AGS A 0.83% 0.53% 0.53%
ALE A 2.67% 1.81% 1.81%
AXNX A 2.38% 1.81% 1.81%
BALY A 2.75% 1.14% 1.14%
CTLT D 5.72% 2.72% 2.72%
DFS A 7.23% 1.9% 1.9%
ENV A 2.57% 2.17% 2.17%
EVRI A 1.58% 2.13% 1.58%
FBMS B 1.04% 1.16% 1.04%
HAYN A 0.75% 0.53% 0.53%
HCP A 4.32% 2.72% 2.72%
HTLF A 1.08% 1.15% 1.08%
INFN B 1.75% 2.27% 1.75%
INST A 2.62% 1.79% 1.79%
JNPR A 5.11% 2.66% 2.66%
K A 2.46% 2.67% 2.46%
MRO C 3.25% 2.76% 2.76%
PETQ A 0.85% 2.14% 0.85%
RCM A 2.0% 2.73% 2.0%
RVNC C 0.4% 2.07% 0.4%
SPR C 2.13% 2.68% 2.13%
SRCL A 2.81% 0.5% 0.5%
SRCL A 2.81% 2.19% 2.19%
SRCL A 1.46% 0.5% 0.5%
SRCL A 1.46% 2.19% 1.46%
SRDX D 0.26% 1.4% 0.26%
VZIO C 1.33% 1.78% 1.33%
MNA Overweight 19 Positions Relative to ARB
Symbol Grade Weight
FYBR A 3.74%
SHV A 3.27%
SMAR A 3.2%
AY A 2.08%
IBTX B 1.82%
PFC A 0.55%
GATO B 0.51%
CFB D 0.37%
PGRU A 0.35%
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%
MNA Underweight 19 Positions Relative to ARB
Symbol Grade Weight
ANSS C -2.57%
CHX F -2.19%
SILK A -2.16%
HA A -2.02%
HES B -1.95%
X C -1.85%
DO D -1.83%
PRFT A -1.81%
PWSC C -1.81%
AMK B -1.78%
GTHX A -1.72%
CHUY B -1.13%
TWKS A -1.11%
MGRC A -1.07%
ITI A -1.07%
SWN C -0.94%
CALT C -0.58%
AAN B -0.56%
CNSL A -0.54%
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