MNA vs. FITE ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to SPDR S&P Kensho Future Security ETF (FITE)

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

$32.95

Average Daily Volume

60,238

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FITE

SPDR S&P Kensho Future Security ETF

FITE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Future Security sector as determined by a classification standard produced by the index provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.60

Average Daily Volume

3,249

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	FITE
30 Days	0.67%	1.29%
60 Days	2.42%	8.94%
90 Days	3.98%	8.29%
12 Months	5.83%	34.39%

2 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in FITE	Overlap
	BA	F	-1.38%	1.34%	-1.38%
	JNPR	B	5.05%	1.72%	1.72%

MNA Overweight 47 Positions Relative to FITE

Symbol	Grade	Weight
DFS	C	6.74%
CTLT	A	5.71%
HCP	B	4.32%
MRO	D	3.16%
SHV	B	2.91%
BALY	A	2.73%
SRCL	B	2.65%
INST	B	2.62%
ALE	A	2.6%
SQSP	A	2.59%
ENV	C	2.56%
AXNX	A	2.34%
CHX	D	2.26%
PWSC	C	2.26%
PRFT	A	2.0%
K	B	1.9%
IBTX	D	1.82%
INFN	C	1.72%
AY	C	1.64%
SPR	D	1.63%
RCM	B	1.6%
EVRI	A	1.52%
SRCL	B	1.26%
VZIO	A	1.25%
TELL	B	1.21%
FBMS	D	1.01%
HTLF	C	0.86%
AGS	B	0.76%
HAYN	B	0.74%
PETQ	A	0.68%
AAN	C	0.63%
CHUY	B	0.44%
PFC	D	0.41%
CFB	D	0.3%
RVNC	F	0.28%
SRDX	D	0.27%
PGRU	A	0.27%
CLF	D	-0.23%
BUSE	D	-0.3%
FA	A	-0.4%
WSBC	D	-0.41%
UMBF	C	-0.88%
RNST	D	-1.02%
SSB	C	-1.85%
SLB	D	-2.3%
IP	C	-3.71%
COF	C	-7.42%

MNA Underweight 58 Positions Relative to FITE

Symbol	Grade	Weight
RKLB	B	-2.95%
VRNS	C	-2.12%
PSN	A	-2.12%
S	C	-2.09%
FFIV	B	-2.08%
FTNT	A	-2.02%
LMT	A	-1.98%
CHKP	C	-1.95%
NOC	B	-1.94%
AVGO	C	-1.88%
MOG.A	A	-1.87%
CSCO	A	-1.83%
HEI	A	-1.83%
CYBR	C	-1.82%
AKAM	D	-1.79%
RTX	A	-1.79%
KTOS	A	-1.79%
NTCT	B	-1.77%
TDY	A	-1.74%
LDOS	A	-1.73%
IRDM	B	-1.73%
OII	D	-1.72%
NET	D	-1.72%
BRKR	D	-1.69%
LHX	A	-1.67%
PANW	D	-1.67%
OSIS	B	-1.65%
COHR	B	-1.63%
OSPN	D	-1.59%
ATEN	B	-1.58%
RDWR	A	-1.58%
ERJ	C	-1.55%
RPD	D	-1.52%
MRCY	B	-1.52%
DDOG	D	-1.52%
TENB	F	-1.51%
HXL	F	-1.5%
CACI	A	-1.45%
ZS	F	-1.43%
AVAV	B	-1.42%
QLYS	F	-1.42%
NABL	F	-1.41%
ZD	D	-1.37%
MIR	B	-1.34%
VSAT	F	-1.33%
HII	F	-1.33%
OKTA	F	-1.32%
DCO	A	-1.29%
GD	A	-1.27%
SANM	D	-1.26%
KBR	C	-1.25%
TXT	F	-1.24%
APH	D	-1.19%
MVIS	D	-1.18%
CRWD	D	-1.15%
VREX	F	-0.94%
PL	D	-0.68%
MASS	F	-0.2%