MNA vs. PSCT ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to PowerShares S&P SmallCap Information Technology Portfolio (PSCT)

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

$32.77

Average Daily Volume

48,516

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCT

PowerShares S&P SmallCap Information Technology Portfolio

PSCT Description

The PowerShares S&P SmallCap Information Technology Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Information Technology Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US information technology companies. These companies are principally engaged in the business of providing information technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors and communication technologies. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$48.82

Average Daily Volume

16,755

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	PSCT
30 Days	-0.55%	-0.27%
60 Days	-0.70%	1.71%
90 Days	0.34%	1.67%
12 Months	6.38%	11.02%

1 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in PSCT	Overlap
	ENV	B	2.59%	2.08%	2.08%

MNA Overweight 43 Positions Relative to PSCT

Symbol	Grade	Weight
DFS	B	8.65%
CTLT	D	5.63%
JNPR	D	4.99%
HCP	B	4.36%
FYBR	C	3.64%
MRO	A	3.51%
SMAR	A	3.2%
ALTR	B	3.12%
BALY	A	2.82%
ALE	A	2.69%
K	A	2.47%
AXNX	A	2.39%
AY	A	2.1%
B	A	2.08%
IBTX	B	2.04%
RCM	A	2.01%
SPR	D	1.97%
INFN	D	1.72%
NAPA	A	1.6%
EVRI	A	1.59%
SASR	B	1.5%
VZIO	A	1.31%
HTLF	B	1.25%
FBMS	B	1.19%
ZUO	B	1.18%
AGS	A	0.84%
HAYN	A	0.77%
PFC	B	0.65%
GATO	C	0.41%
CFB	B	0.4%
PGRU	A	0.35%
RVNC	F	0.32%
SRDX	B	0.27%
BUSE	B	-0.42%
WSBC	B	-0.66%
RNST	B	-1.2%
CDE	C	-1.2%
UMBF	B	-1.28%
AUB	B	-1.5%
BA	D	-1.63%
SSB	B	-2.03%
IP	A	-4.24%
COF	B	-9.37%

MNA Underweight 62 Positions Relative to PSCT

Symbol	Grade	Weight
SPSC	D	-4.3%
BMI	B	-4.12%
ACIW	B	-3.75%
MARA	B	-3.5%
ITRI	B	-3.41%
BOX	B	-3.23%
IDCC	B	-3.04%
PLXS	B	-2.79%
SANM	B	-2.77%
NSIT	F	-2.76%
AEIS	B	-2.72%
PI	D	-2.63%
SITM	B	-2.46%
DXC	C	-2.34%
SMTC	B	-2.26%
BL	C	-1.97%
FORM	F	-1.92%
ALRM	C	-1.92%
PRGS	B	-1.86%
AGYS	A	-1.79%
DV	C	-1.78%
KLIC	C	-1.66%
DIOD	F	-1.64%
OSIS	A	-1.59%
TTMI	B	-1.56%
YOU	D	-1.56%
ACLS	F	-1.55%
DOCN	D	-1.51%
VIAV	C	-1.43%
PLUS	F	-1.39%
VYX	B	-1.31%
EXTR	C	-1.31%
RAMP	C	-1.23%
ROG	D	-1.15%
CALX	F	-1.12%
BHE	B	-1.11%
CTS	C	-1.07%
KN	B	-1.04%
UCTT	F	-1.04%
NTCT	C	-1.02%
PLAB	C	-0.99%
VECO	F	-0.98%
HLIT	F	-0.91%
ATEN	A	-0.79%
COHU	D	-0.78%
ARLO	C	-0.74%
SCSC	B	-0.74%
DGII	B	-0.74%
MXL	C	-0.71%
ICHR	C	-0.67%
XRX	F	-0.63%
PDFS	D	-0.61%
CXM	C	-0.61%
WOLF	F	-0.58%
CNXN	D	-0.57%
AOSL	D	-0.48%
NABL	F	-0.47%
SWI	B	-0.46%
CEVA	B	-0.43%
SEDG	F	-0.41%
VSAT	F	-0.4%
CRSR	C	-0.19%