ARKX vs. MNA ETF Comparison

Comparison of ARK Space Exploration & Innovation ETF (ARKX) to IQ Merger Arbitrage ETF (MNA)

ARKX

ARK Space Exploration & Innovation ETF

ARKX Description

The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.

Grade (RS Rating)

Last Trade

$14.72

Average Daily Volume

67,113

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

$30.93

Average Daily Volume

56,316

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARKX	MNA
30 Days	-1.08%	-1.68%
60 Days	1.03%	-1.56%
90 Days	3.37%	-0.45%
12 Months	10.93%	-1.13%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARKX	Weight in MNA	Overlap
	ANSS	D	1.2%	6.47%	1.2%

ARKX Overweight 26 Positions Relative to MNA

Symbol	Grade	Weight
AVAV	A	9.24%
KTOS	B	8.73%
IRDM	B	8.2%
TRMB	D	7.4%
TER	A	5.47%
LHX	B	5.17%
ACHR	D	3.79%
AMZN	B	3.46%
PRNT	D	3.01%
PATH	F	2.95%
DE	D	2.93%
BLDE	A	2.82%
GRMN	A	2.63%
JOBY	D	2.27%
RKLB	D	2.16%
GOOG	A	2.08%
HON	C	1.49%
HEI	A	1.49%
SNPS	D	1.44%
U	D	1.39%
MYNA	B	1.24%
LMT	A	1.16%
PLTR	C	1.08%
TDY	D	1.07%
OSPN	A	0.81%
DDD	F	0.39%

ARKX Underweight 28 Positions Relative to MNA

Symbol	Grade	Weight
PXD	A	-7.57%
HES	A	-7.48%
DFS	B	-6.7%
ETRN	B	-6.26%
X	F	-6.13%
CTLT	C	-5.59%
JNPR	C	-4.87%
CPRI	F	-3.83%
CERE	A	-2.81%
AMED	D	-2.66%
SIX	D	-2.51%
FUSN	A	-2.5%
AXNX	B	-2.37%
DOOR	A	-2.15%
OLK	C	-1.81%
VZIO	C	-1.12%
MGRC	D	-1.07%
SRCL	F	-0.87%
HAYN	A	-0.8%
SP	A	-0.76%
EVBG	A	-0.75%
NS	C	-0.65%
INBX	C	-0.61%
HA	C	-0.59%
NWLI	A	-0.53%
TAST	A	-0.37%
XT	D	--0.24%
XOP	B	--6.52%