SMCP vs. MNA ETF Comparison

Comparison of AlphaMark Actively Managed Small Cap ETF (SMCP) to IQ Merger Arbitrage ETF (MNA)

SMCP

AlphaMark Actively Managed Small Cap ETF

SMCP Description

The investment seeks long-term growth of capital. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small cap companies listed on a U.S. exchange. It defines "equity securities" to include common and preferred stock, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITs"), and exchange-traded funds ("ETFs"). The fund may invest up to 30% of its net assets in foreign equity securities of small cap companies traded on a U.S. exchange as ADRs, which may include companies in emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.40

Average Daily Volume

1,962

Number of Holdings ^*

* 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

$32.83

Average Daily Volume

52,891

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMCP	MNA
30 Days	-0.22%	-0.36%
60 Days	-0.14%	0.31%
90 Days	4.96%	2.05%
12 Months	31.54%	5.88%

2 Overlapping Holdings

	Symbol	Grade	Weight in SMCP	Weight in MNA	Overlap
	HTLF	A	1.08%	1.08%	1.08%
	UMBF	A	1.06%	-1.1%	-1.1%

SMCP Overweight 95 Positions Relative to MNA

Symbol	Grade	Weight
STRL	B	1.39%
CORT	B	1.32%
YOU	A	1.26%
TCBI	B	1.23%
LUMN	A	1.23%
PRMW	B	1.2%
SIG	C	1.2%
RIOT	C	1.19%
JBT	A	1.18%
KNF	A	1.17%
HQY	B	1.17%
SFM	A	1.15%
MARA	D	1.12%
TGNA	B	1.12%
JXN	B	1.11%
CADE	B	1.09%
IIPR	C	1.08%
CARG	B	1.07%
CVBF	B	1.07%
LNTH	C	1.07%
CATY	A	1.06%
UFPI	C	1.05%
TMHC	A	1.05%
WTS	D	1.05%
MWA	B	1.05%
CEIX	A	1.04%
MHO	D	1.04%
CRC	B	1.03%
WD	C	1.03%
CPRX	A	1.03%
PBH	A	1.03%
APAM	A	1.03%
MGEE	C	1.02%
FCPT	D	1.02%
ICFI	B	1.02%
ACIW	C	1.01%
BTU	A	1.01%
BUR	C	1.01%
ARCH	B	1.01%
VCYT	A	1.01%
IDCC	A	1.01%
ENSG	A	1.0%
APLE	C	1.0%
BNL	D	1.0%
ALKS	F	1.0%
ASO	F	1.0%
NMIH	D	1.0%
HWC	A	1.0%
MMSI	B	0.99%
BCC	D	0.99%
ESNT	F	0.99%
HNI	D	0.99%
BMI	D	0.99%
FFBC	A	0.99%
CPK	C	0.99%
AX	B	0.98%
TPH	D	0.98%
NHI	C	0.97%
IOSP	F	0.97%
ENS	F	0.97%
POWI	C	0.96%
RDN	F	0.96%
WSFS	D	0.96%
COOP	D	0.96%
MTH	D	0.96%
KFY	C	0.96%
NPO	F	0.95%
LXP	D	0.95%
FULT	B	0.95%
SMPL	C	0.94%
MATX	A	0.94%
QLYS	F	0.93%
FORM	F	0.92%
FBP	D	0.92%
DIOD	F	0.92%
WHD	B	0.91%
KBH	D	0.91%
SPSC	F	0.91%
HP	C	0.9%
IPAR	D	0.89%
LANC	B	0.87%
AEO	F	0.87%
KRYS	C	0.87%
CABO	C	0.86%
HALO	B	0.85%
ATKR	F	0.85%
CVLT	B	0.83%
STNE	F	0.81%
PTEN	F	0.81%
NEOG	D	0.78%
STNG	F	0.77%
LBRT	F	0.77%
ACLS	F	0.76%
AMR	F	0.74%
PAGS	F	0.63%

SMCP Underweight 42 Positions Relative to MNA

Symbol	Grade	Weight
DFS	A	-7.23%
CTLT	D	-5.72%
JNPR	A	-5.11%
HCP	A	-4.32%
FYBR	A	-3.74%
SHV	A	-3.27%
MRO	C	-3.25%
SMAR	A	-3.2%
SRCL	A	-2.81%
BALY	A	-2.75%
ALE	A	-2.67%
INST	A	-2.62%
ENV	A	-2.57%
K	A	-2.46%
AXNX	A	-2.38%
SPR	C	-2.13%
AY	A	-2.08%
RCM	A	-2.0%
IBTX	B	-1.82%
INFN	B	-1.75%
EVRI	A	-1.58%
SRCL	A	-1.46%
VZIO	C	-1.33%
FBMS	B	-1.04%
PETQ	A	-0.85%
AGS	A	-0.83%
HAYN	A	-0.75%
PFC	A	-0.55%
GATO	B	-0.51%
RVNC	C	-0.4%
CFB	D	-0.37%
PGRU	A	-0.35%
SRDX	D	-0.26%
CLF	C	--0.26%
BUSE	D	--0.38%
FA	D	--0.46%
WSBC	A	--0.56%
RNST	B	--1.05%
SSB	B	--1.83%
BA	F	--1.85%
IP	A	--3.56%
COF	A	--7.9%