MNA vs. FDM ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust DJ Select MicroCap ETF (FDM)

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

$32.79

Average Daily Volume

51,086

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDM

First Trust DJ Select MicroCap ETF

FDM Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Dow Jones Select MicroCap Index(SM) (the "index"). The fund will normally invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks of U.S. micro-capitalization companies which are publicly traded in the United States. The index is comprised of selected U.S. micro-capitalization companies chosen from all common stocks traded on the NewYork Stock Exchange, the NYSE MKT and NASDAQ(R) with limited partnerships excluded.

Grade (RS Rating)

Last Trade

$70.04

Average Daily Volume

13,991

Number of Holdings ^*

131

* may have additional holdings in another (foreign) market

Performance

Period	MNA	FDM
30 Days	-0.27%	9.06%
60 Days	-0.24%	12.59%
90 Days	0.83%	13.31%
12 Months	6.63%	26.90%

1 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in FDM	Overlap
	HAYN	A	0.75%	1.33%	0.75%

MNA Overweight 44 Positions Relative to FDM

Symbol	Grade	Weight
DFS	B	8.94%
CTLT	D	5.65%
JNPR	D	5.04%
HCP	A	4.32%
FYBR	D	3.64%
MRO	B	3.5%
SMAR	A	3.18%
ALTR	C	3.09%
BALY	A	2.77%
ALE	A	2.67%
INST	B	2.61%
ENV	B	2.56%
K	A	2.44%
AXNX	A	2.37%
AY	A	2.08%
IBTX	B	2.08%
B	A	2.05%
RCM	B	1.99%
SPR	F	1.99%
INFN	C	1.72%
NAPA	A	1.58%
EVRI	A	1.57%
SASR	A	1.49%
VZIO	D	1.33%
HTLF	B	1.27%
FBMS	B	1.22%
ZUO	B	1.17%
AGS	A	0.83%
PFC	B	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	B	-0.66%
CDE	D	-1.15%
RNST	B	-1.23%
UMBF	B	-1.29%
AUB	B	-1.51%
BA	F	-1.69%
SSB	B	-2.1%
IP	C	-4.38%
COF	B	-9.54%

MNA Underweight 130 Positions Relative to FDM

Symbol	Grade	Weight
LEU	C	-2.15%
VMEO	B	-1.9%
LMB	B	-1.67%
TPB	A	-1.53%
MLR	C	-1.49%
ASTE	B	-1.47%
BJRI	B	-1.44%
ASIX	B	-1.44%
GLDD	C	-1.44%
CPF	B	-1.41%
IBCP	B	-1.33%
HCKT	B	-1.32%
PTLO	C	-1.26%
RGR	F	-1.2%
NBN	B	-1.17%
SPTN	F	-1.16%
WLFC	B	-1.14%
ETD	D	-1.13%
EZPW	B	-1.05%
MCB	B	-1.04%
SMBC	B	-1.04%
SNCY	B	-1.04%
ANET	C	-1.03%
SWBI	D	-1.03%
KELYA	F	-1.02%
PLOW	D	-1.02%
EGY	F	-1.01%
DAKT	B	-1.01%
IMXI	B	-0.99%
WLDN	C	-0.98%
UVE	B	-0.96%
LQDT	B	-0.94%
CCBG	B	-0.91%
NWPX	B	-0.9%
KE	C	-0.9%
CSV	C	-0.87%
MPB	B	-0.87%
LYTS	B	-0.86%
SHBI	B	-0.84%
ARKO	C	-0.84%
LXU	B	-0.82%
ESQ	B	-0.81%
TIPT	B	-0.8%
AROW	B	-0.8%
CCSI	B	-0.8%
DHIL	B	-0.79%
MOFG	B	-0.79%
TRDA	B	-0.78%
CMPO	C	-0.76%
LINC	B	-0.76%
TTI	B	-0.76%
FC	F	-0.73%
FISI	B	-0.72%
EE	B	-0.72%
NRIM	A	-0.71%
BSRR	B	-0.7%
KODK	D	-0.7%
WRLD	C	-0.7%
PLPC	B	-0.69%
CCRN	F	-0.68%
SD	D	-0.68%
FMAO	B	-0.67%
RMR	F	-0.67%
NPK	B	-0.67%
ODC	C	-0.66%
GLRE	B	-0.66%
USAP	C	-0.66%
NECB	B	-0.65%
CWCO	D	-0.65%
TCMD	B	-0.64%
OPY	C	-0.64%
ITIC	A	-0.63%
LGTY	B	-0.63%
NGVC	B	-0.61%
CENT	C	-0.61%
HNRG	B	-0.6%
NEWT	B	-0.6%
ARTNA	F	-0.59%
DCGO	B	-0.56%
MOV	C	-0.55%
INBK	B	-0.54%
ACIC	B	-0.54%
SIGA	D	-0.54%
LOCO	C	-0.54%
HVT	F	-0.53%
LEGH	D	-0.53%
SENEA	B	-0.51%
MCFT	B	-0.51%
CRCT	F	-0.5%
REPX	B	-0.5%
VPG	F	-0.49%
RM	D	-0.49%
PKOH	B	-0.45%
TASK	B	-0.45%
HRTG	D	-0.44%
AMPY	D	-0.44%
JRVR	F	-0.42%
NGS	B	-0.38%
FSTR	B	-0.37%
VLGEA	B	-0.37%
FLXS	C	-0.37%
MITT	D	-0.36%
SGC	C	-0.36%
KRT	A	-0.35%
LSEA	F	-0.34%
REI	F	-0.34%
PWOD	B	-0.33%
JILL	C	-0.32%
ACTG	F	-0.3%
FF	F	-0.29%
EML	F	-0.29%
NATR	B	-0.29%
EARN	D	-0.28%
RCKY	F	-0.28%
AVNW	F	-0.27%
TAYD	F	-0.26%
VIRC	B	-0.26%
LAKE	F	-0.25%
TWIN	D	-0.24%
BBCP	D	-0.24%
ESOA	A	-0.24%
HBB	F	-0.23%
ACU	C	-0.23%
PEBK	B	-0.23%
BTMD	B	-0.22%
LWAY	D	-0.22%
FEIM	B	-0.19%
INTT	D	-0.17%
CSPI	D	-0.14%
KEQU	C	-0.13%