QABA vs. MNA ETF Comparison

Comparison of First Trust NASDAQ ABA Community Bank Index Fund (QABA) to IQ Merger Arbitrage ETF (MNA)

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA 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 NASDAQ OMX(R) ABA Community Bank Index(SM). 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. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.76

Average Daily Volume

15,664

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

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

48,164

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QABA	MNA
30 Days	12.46%	-0.36%
60 Days	12.99%	-0.40%
90 Days	12.33%	0.52%
12 Months	45.21%	6.64%

6 Overlapping Holdings

Symbol	Grade	Weight in QABA	Weight in MNA	Overlap
BUSE	B	0.74%	-0.42%	-0.42%
CFB	B	0.41%	0.4%	0.4%
PFC	B	0.49%	0.65%	0.49%
SASR	B	0.84%	1.5%	0.84%
UMBF	B	2.92%	-1.28%	-1.28%
WSBC	B	1.17%	-0.66%	-0.66%

QABA Overweight 115 Positions Relative to MNA

Symbol	Grade	Weight
CBSH	B	4.51%
WTFC	A	4.24%
FFIN	B	2.88%
UBSI	B	2.79%
OZK	B	2.64%
HWC	B	2.5%
IBOC	B	2.18%
TCBI	C	2.0%
BANF	B	1.98%
TFSL	A	1.97%
FULT	A	1.86%
CATY	B	1.82%
FIBK	A	1.7%
FHB	B	1.7%
WSFS	B	1.66%
CVBF	A	1.54%
SFNC	C	1.5%
INDB	B	1.49%
WAFD	B	1.46%
FFBC	B	1.35%
PPBI	C	1.3%
TOWN	B	1.29%
TBBK	C	1.29%
FRME	B	1.24%
SBCF	B	1.23%
BANR	B	1.23%
TFIN	B	1.15%
TRMK	C	1.14%
NBTB	B	1.14%
EFSC	B	1.08%
SYBT	B	1.07%
CASH	B	0.97%
CLBK	C	0.95%
FBNC	B	0.94%
CHCO	B	0.94%
LKFN	C	0.92%
NWBI	B	0.91%
MBIN	F	0.9%
HOPE	C	0.8%
STBA	B	0.79%
VBTX	B	0.78%
SRCE	B	0.78%
TCBK	C	0.77%
QCRH	B	0.75%
WABC	B	0.74%
GABC	B	0.66%
RBCAA	B	0.65%
DCOM	B	0.65%
PFBC	B	0.62%
PEBO	B	0.61%
OCFC	B	0.58%
BRKL	B	0.55%
AMAL	B	0.54%
CNOB	B	0.52%
CTBI	B	0.52%
BHRB	B	0.51%
BFC	B	0.5%
CCB	A	0.48%
FMBH	B	0.48%
HFWA	C	0.44%
CFFN	C	0.44%
UVSP	B	0.44%
EGBN	B	0.42%
OSBC	A	0.41%
FCBC	C	0.41%
BFST	C	0.41%
IBCP	B	0.39%
MBWM	B	0.39%
NBN	C	0.39%
HBNC	B	0.39%
ORRF	B	0.38%
SMBC	B	0.37%
HAFC	B	0.37%
GSBC	C	0.36%
CAC	C	0.34%
TRST	B	0.34%
FSBC	C	0.34%
MOFG	B	0.33%
HTBI	B	0.32%
CCBG	B	0.32%
HTBK	B	0.32%
WASH	C	0.32%
MPB	B	0.31%
SPFI	C	0.31%
PGC	B	0.31%
HIFS	C	0.3%
CASS	C	0.3%
CCNE	C	0.29%
THFF	B	0.29%
ESQ	B	0.29%
MSBI	B	0.28%
FMNB	B	0.28%
HONE	C	0.28%
NFBK	C	0.28%
BCAL	B	0.27%
AROW	B	0.27%
KRNY	C	0.26%
SHBI	B	0.26%
FFIC	B	0.25%
NRIM	A	0.23%
TCBX	B	0.23%
RBB	B	0.22%
CARE	C	0.22%
BSRR	B	0.22%
EBTC	C	0.22%
BMRC	B	0.21%
NECB	C	0.2%
BWB	B	0.2%
FISI	B	0.2%
NEWT	C	0.18%
INBK	B	0.17%
WSBF	C	0.15%
FRST	B	0.15%
FLIC	B	0.15%
SBSI	C	0.05%

QABA Underweight 38 Positions Relative to MNA

Symbol	Grade	Weight
DFS	B	-8.65%
CTLT	C	-5.63%
JNPR	D	-4.99%
HCP	B	-4.36%
FYBR	C	-3.64%
MRO	B	-3.51%
SMAR	A	-3.2%
ALTR	B	-3.12%
BALY	A	-2.82%
ALE	A	-2.69%
ENV	B	-2.59%
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%
VZIO	A	-1.31%
HTLF	B	-1.25%
FBMS	B	-1.19%
ZUO	B	-1.18%
AGS	A	-0.84%
HAYN	A	-0.77%
GATO	C	-0.41%
PGRU	A	-0.35%
RVNC	F	-0.32%
SRDX	B	-0.27%
RNST	B	--1.2%
CDE	C	--1.2%
AUB	B	--1.5%
BA	F	--1.63%
SSB	B	--2.03%
IP	A	--4.24%
COF	C	--9.37%