EVX vs. MNA ETF Comparison

Comparison of Market Vectors Environment Index ETF Fund (EVX) to IQ Merger Arbitrage ETF (MNA)

EVX

Market Vectors Environment Index ETF Fund

EVX Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Environmental Services Index (the "Environmental Services Index"). The fund normally invests at least 80% of its total assets in common stocks and American depositary receipts ("ADRs") of companies involved in the environmental services industry. It is non-diversified.

Grade (RS Rating)

Last Trade

$162.24

Average Daily Volume

2,153

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

$31.03

Average Daily Volume

56,343

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EVX	MNA
30 Days	-1.62%	-1.37%
60 Days	0.12%	-1.24%
90 Days	8.26%	0.00%
12 Months	14.59%	-0.72%

1 Overlapping Holdings

	Symbol	Grade	Weight in EVX	Weight in MNA	Overlap
	SRCL	F	4.36%	0.87%	0.87%

EVX Overweight 18 Positions Relative to MNA

Symbol	Grade	Weight
RSG	B	10.2%
WM	B	9.89%
WCN	C	9.69%
ECL	B	9.66%
VLTO	A	4.91%
CLH	A	4.85%
TTEK	A	4.79%
ABM	A	4.78%
TNC	B	4.71%
CWST	D	4.5%
DCI	B	4.45%
DAR	F	4.4%
STE	D	4.06%
CECO	B	2.23%
MEG	A	2.19%
ANET	D	2.11%
ERII	D	1.87%
RDUS	F	1.82%

EVX Underweight 28 Positions Relative to MNA

Symbol	Grade	Weight
PXD	A	-7.57%
HES	A	-7.48%
DFS	B	-6.7%
ANSS	D	-6.47%
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%
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%