MNA vs. FPX ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust IPOX-100 Index Fund (FPX)

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

FPX

First Trust IPOX-100 Index Fund

FPX 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 IPOX(R)-100 U.S. Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified, value-weighted price index measuring the performance of the top U.S. companies ranked quarterly by market capitalization in the IPOX(R) Global Composite Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$109.39

Average Daily Volume

19,677

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	FPX
30 Days	0.67%	5.65%
60 Days	2.42%	16.30%
90 Days	3.98%	9.43%
12 Months	5.83%	35.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in FPX	Overlap
	FA	A	-0.4%	0.13%	-0.4%

MNA Overweight 48 Positions Relative to FPX

Symbol	Grade	Weight
DFS	C	6.74%
CTLT	A	5.71%
JNPR	B	5.05%
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%
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 83 Positions Relative to FPX

Symbol	Grade	Weight
CARR	A	-7.94%
IOT	C	-7.02%
REGN	D	-6.59%
PLTR	A	-4.55%
CEG	B	-4.44%
DASH	A	-3.85%
KVUE	C	-3.39%
GEV	B	-3.06%
APP	A	-2.86%
DUOL	B	-2.42%
CRWD	D	-2.25%
RBLX	C	-1.88%
ABNB	D	-1.75%
PCVX	B	-1.66%
TPG	B	-1.58%
RKT	C	-1.42%
VRT	B	-1.39%
DTM	A	-1.34%
DKNG	D	-1.25%
VLTO	A	-1.21%
CR	B	-1.19%
HOOD	C	-1.13%
COIN	F	-0.97%
RYAN	A	-0.95%
GEHC	C	-0.94%
CRBG	C	-0.94%
FNF	A	-0.93%
OWL	A	-0.93%
NSIT	B	-0.92%
JXN	A	-0.9%
KNF	C	-0.88%
HQY	C	-0.86%
SNOW	F	-0.84%
NRG	A	-0.82%
VERX	A	-0.79%
AZEK	C	-0.74%
TOST	C	-0.7%
THC	C	-0.7%
UTHR	C	-0.7%
ESAB	C	-0.7%
OSCR	C	-0.67%
COHR	B	-0.6%
NUVL	B	-0.58%
COOP	B	-0.58%
GKOS	B	-0.55%
SOLV	C	-0.53%
DOCS	A	-0.53%
ACT	C	-0.49%
RDDT	B	-0.48%
PSN	A	-0.48%
KNTK	B	-0.47%
TMDX	D	-0.46%
CNX	A	-0.43%
ACLX	C	-0.39%
NPAB	D	-0.39%
SLVM	C	-0.38%
PRCT	C	-0.36%
LNW	F	-0.35%
BSY	D	-0.34%
FOUR	B	-0.34%
SGBX	F	-0.31%
RVMD	B	-0.3%
ROIV	D	-0.3%
ZETA	B	-0.3%
PECO	C	-0.3%
STEP	A	-0.29%
KYMR	D	-0.27%
RBRK	F	-0.25%
KRYS	D	-0.23%
RNA	B	-0.23%
OGN	F	-0.22%
BROS	F	-0.22%
LTH	C	-0.22%
CRDO	B	-0.22%
ITRI	C	-0.21%
VRRM	D	-0.2%
KROS	B	-0.19%
PHIN	C	-0.18%
RXST	F	-0.17%
INTA	C	-0.16%
DYN	D	-0.16%
ACVA	C	-0.15%
GRND	D	-0.14%