MNA vs. DWAS ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

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

$32.63

Average Daily Volume

49,281

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$97.89

Average Daily Volume

32,473

Number of Holdings ^*

182

* may have additional holdings in another (foreign) market

Performance

Period	MNA	DWAS
30 Days	-0.82%	1.82%
60 Days	-0.94%	3.18%
90 Days	0.18%	8.81%
12 Months	6.18%	31.36%

1 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in DWAS	Overlap
	CDE	C	-1.15%	0.34%	-1.15%

MNA Overweight 44 Positions Relative to DWAS

Symbol	Grade	Weight
DFS	B	8.94%
CTLT	D	5.65%
JNPR	D	5.04%
HCP	B	4.32%
FYBR	C	3.64%
MRO	A	3.5%
SMAR	A	3.18%
ALTR	B	3.09%
BALY	A	2.77%
ALE	A	2.67%
INST	B	2.61%
ENV	B	2.56%
K	B	2.44%
AXNX	A	2.37%
AY	A	2.08%
IBTX	B	2.08%
B	A	2.05%
RCM	A	1.99%
SPR	D	1.99%
INFN	D	1.72%
NAPA	A	1.58%
EVRI	A	1.57%
SASR	A	1.49%
VZIO	A	1.33%
HTLF	B	1.27%
FBMS	B	1.22%
ZUO	B	1.17%
AGS	A	0.83%
HAYN	A	0.75%
PFC	A	0.65%
GATO	C	0.43%
RVNC	F	0.43%
CFB	B	0.41%
PGRU	A	0.35%
SRDX	C	0.26%
BUSE	B	-0.42%
WSBC	A	-0.66%
RNST	B	-1.23%
UMBF	B	-1.29%
AUB	A	-1.51%
BA	F	-1.69%
SSB	B	-2.1%
IP	A	-4.38%
COF	B	-9.54%

MNA Underweight 181 Positions Relative to DWAS

Symbol	Grade	Weight
LMB	A	-1.59%
MOD	C	-1.53%
ADMA	C	-1.47%
STRL	B	-1.44%
KNTK	A	-1.1%
COOP	B	-1.09%
UFPT	C	-1.07%
NUVL	D	-1.07%
RNA	C	-0.88%
BELFB	C	-0.87%
CSWI	A	-0.87%
CRS	A	-0.87%
AMSC	C	-0.86%
DFIN	D	-0.86%
SFM	B	-0.86%
GRBK	D	-0.79%
HRTG	C	-0.76%
CVNA	A	-0.75%
NBN	B	-0.71%
USLM	A	-0.7%
ZETA	D	-0.7%
RXST	F	-0.68%
USAP	A	-0.67%
GPI	B	-0.65%
COMM	D	-0.64%
BYRN	A	-0.64%
VCTR	B	-0.62%
CECO	C	-0.61%
SKYW	B	-0.61%
ATI	D	-0.6%
MLI	B	-0.6%
AMRX	C	-0.6%
AGX	C	-0.58%
OSCR	D	-0.58%
ENVA	B	-0.57%
BMI	C	-0.56%
HROW	D	-0.55%
TPC	B	-0.55%
KRYS	C	-0.51%
AROC	A	-0.51%
PCT	C	-0.51%
HWKN	B	-0.51%
NRIX	C	-0.5%
VERX	B	-0.5%
IMNM	F	-0.49%
GVA	A	-0.49%
JXN	B	-0.49%
TDS	B	-0.49%
PIPR	A	-0.48%
APLT	C	-0.48%
RUSHA	B	-0.47%
CORT	C	-0.47%
RDW	A	-0.47%
CCB	A	-0.47%
PRIM	A	-0.47%
IDCC	A	-0.46%
SKT	A	-0.46%
VSEC	B	-0.46%
ALSN	A	-0.46%
OCUL	C	-0.46%
QTWO	B	-0.46%
CNX	A	-0.45%
AVAV	C	-0.45%
TRAK	A	-0.44%
SLVM	B	-0.44%
ROAD	B	-0.44%
CRVL	A	-0.44%
ALHC	C	-0.43%
MLR	C	-0.43%
NECB	B	-0.43%
KTB	A	-0.43%
MATX	B	-0.43%
ALKT	B	-0.42%
PAY	A	-0.42%
SERA	F	-0.42%
UTI	A	-0.42%
FSS	B	-0.42%
RYTM	C	-0.42%
RYAM	B	-0.42%
APOG	B	-0.42%
SNEX	A	-0.41%
RDNT	B	-0.41%
HURN	B	-0.41%
PRCT	B	-0.41%
SKY	A	-0.41%
BGC	B	-0.41%
BDC	B	-0.41%
WEAV	B	-0.41%
BSIG	A	-0.41%
OFG	B	-0.41%
TVTX	C	-0.41%
CRNX	C	-0.4%
LMAT	A	-0.4%
AGYS	A	-0.4%
TGTX	C	-0.4%
CVLT	B	-0.4%
GKOS	B	-0.4%
ESQ	B	-0.4%
SLG	B	-0.4%
PBI	C	-0.4%
RYAN	B	-0.4%
CASH	B	-0.4%
SXI	A	-0.4%
LPX	A	-0.4%
VNO	C	-0.4%
NGVC	B	-0.4%
MMSI	A	-0.39%
BBSI	A	-0.39%
R	B	-0.39%
SMTC	C	-0.39%
MHO	D	-0.39%
MOG.A	B	-0.39%
GOLF	B	-0.39%
PRDO	B	-0.39%
AGM	B	-0.39%
FRPT	B	-0.39%
AMAL	B	-0.38%
KYMR	C	-0.38%
ICFI	F	-0.38%
INSM	D	-0.38%
INBK	A	-0.38%
PTGX	D	-0.37%
DSGR	C	-0.37%
CBT	C	-0.37%
AUR	C	-0.37%
WT	A	-0.37%
REVG	B	-0.37%
PI	D	-0.37%
WLDN	C	-0.37%
NPO	A	-0.36%
AXSM	B	-0.36%
AVAH	B	-0.36%
AQST	D	-0.36%
RSI	B	-0.36%
NRIM	A	-0.36%
CVCO	B	-0.36%
TREE	F	-0.36%
CDMO	A	-0.35%
GIII	D	-0.35%
TBBK	A	-0.35%
SPNT	A	-0.35%
KEX	A	-0.35%
PHAT	F	-0.35%
NMRK	A	-0.35%
FBP	B	-0.35%
TWST	F	-0.35%
MTG	C	-0.34%
SWIM	D	-0.34%
CXT	D	-0.34%
VRNS	F	-0.34%
BVS	D	-0.34%
PLUS	F	-0.34%
GCI	D	-0.34%
THRD	D	-0.34%
DFH	F	-0.33%
PNTG	D	-0.33%
AXGN	D	-0.33%
ACVA	A	-0.33%
KBH	D	-0.32%
ALDX	D	-0.32%
TPH	D	-0.32%
DY	C	-0.32%
COGT	D	-0.32%
PATK	C	-0.31%
SAVA	C	-0.31%
ATRO	F	-0.31%
MBIN	F	-0.31%
RKT	F	-0.3%
PLCE	C	-0.3%
RDFN	F	-0.3%
BOOT	C	-0.29%
MEC	F	-0.29%
BKD	F	-0.29%
IGMS	F	-0.29%
MG	F	-0.29%
LSEA	F	-0.28%
HBB	F	-0.27%
UWMC	F	-0.26%
TNDM	F	-0.26%
MAX	F	-0.23%
NOVA	F	-0.11%