MNA vs. FIVG ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Defiance Next Gen Connectivity ETF (FIVG)

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

$32.90

Average Daily Volume

60,238

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FIVG

Defiance Next Gen Connectivity ETF

FIVG Description

The investment seeks to track the total return performance, before fees and expenses, of the Bluestar 5G Communications Index (the index). The fund uses a passive management approach to track the total return performance, before fees and expenses, of the index. The index consists of a tiered, modified market capitalization-weighted portfolio of the U.S.-listed equity securities, including depositary receipts, of companies whose products or services are predominantly tied to the development of 5G networking and communication technologies. At least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$41.68

Average Daily Volume

49,097

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	FIVG
30 Days	0.67%	-1.41%
60 Days	2.42%	6.06%
90 Days	3.98%	18.34%
12 Months	5.83%	26.27%

3 Overlapping Holdings

Symbol	Grade	Weight in MNA	Weight in FIVG	Overlap
HCP	B	4.32%	1.54%	1.54%
INFN	C	1.72%	1.57%	1.57%
JNPR	B	5.05%	1.6%	1.6%

MNA Overweight 46 Positions Relative to FIVG

Symbol	Grade	Weight
DFS	C	6.74%
CTLT	A	5.71%
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%
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%
BA	F	-1.38%
SSB	C	-1.85%
SLB	D	-2.3%
IP	C	-3.71%
COF	C	-7.42%

MNA Underweight 46 Positions Relative to FIVG

Symbol	Grade	Weight
AVGO	C	-5.29%
NVDA	C	-5.04%
AAPL	C	-4.85%
ORCL	B	-4.84%
CSCO	A	-3.91%
QCOM	D	-3.57%
ANET	A	-2.84%
MRVL	C	-1.98%
DDOG	D	-1.97%
ERIC	B	-1.84%
COMM	C	-1.83%
NOK	B	-1.82%
KEYS	B	-1.8%
NTAP	D	-1.79%
CIEN	A	-1.78%
ARM	C	-1.76%
CRDO	B	-1.7%
FFIV	B	-1.7%
AKAM	D	-1.68%
DT	C	-1.67%
CALX	C	-1.64%
IRDM	B	-1.63%
EXTR	C	-1.61%
NTCT	B	-1.6%
DOX	B	-1.59%
MTSI	B	-1.59%
SWKS	F	-1.57%
IDCC	A	-1.56%
ATEN	B	-1.56%
VIAV	B	-1.56%
MXL	F	-1.55%
NABL	F	-1.55%
SWI	C	-1.53%
DOCN	C	-1.53%
CSGS	C	-1.52%
KD	F	-1.52%
GSAT	F	-1.51%
QRVO	F	-1.51%
TMUS	A	-1.47%
EQIX	B	-1.47%
VZ	A	-1.46%
T	A	-1.44%
AMT	C	-1.41%
CCI	C	-1.39%
NPAB	D	-1.33%
VSAT	F	-1.21%