GCAD vs. MRGR ETF Comparison

Comparison of Gabelli Equity Income ETF (GCAD) to ProShares Merger ETF (MRGR)
GCAD

Gabelli Equity Income ETF

GCAD Description

The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$33.26

Average Daily Volume

677

Number of Holdings *

31

* may have additional holdings in another (foreign) market
MRGR

ProShares Merger ETF

MRGR Description The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$42.15

Average Daily Volume

679

Number of Holdings *

29

* may have additional holdings in another (foreign) market
Performance
Period GCAD MRGR
30 Days -2.84% 0.52%
60 Days -2.80% 1.59%
90 Days 3.12% 3.01%
12 Months 30.96% 8.21%
2 Overlapping Holdings
Symbol Grade Weight in GCAD Weight in MRGR Overlap
B A 2.3% 2.39% 2.3%
SPR C 6.93% 2.11% 2.11%
GCAD Overweight 29 Positions Relative to MRGR
Symbol Grade Weight
BA F 8.08%
HXL F 6.04%
MOG.A C 5.73%
DCO D 5.35%
HON B 4.74%
LMT D 4.32%
CW B 3.96%
WWD D 3.94%
RTX C 3.72%
HEI D 3.72%
CR B 3.68%
HWM B 3.42%
TXT F 3.38%
LHX A 3.24%
NOC D 3.23%
MRCY D 3.0%
GE D 2.94%
LDOS A 2.92%
AIN F 2.5%
TGI C 2.08%
GD C 1.88%
CDRE D 1.57%
RDW B 1.39%
KTOS C 1.04%
PKE C 0.96%
AIR F 0.86%
ATRO F 0.82%
LLAP F 0.26%
MYNA C 0.18%
GCAD Underweight 27 Positions Relative to MRGR
Symbol Grade Weight
HTLF A -3.12%
IBTX B -2.79%
DFS A -2.57%
INFN B -2.54%
EDR A -2.48%
SASR A -2.44%
SMAR A -2.41%
LBPH A -2.4%
EVRI A -2.39%
NAPA A -2.38%
K A -2.36%
ZUO A -2.36%
PETQ A -2.35%
ENV A -2.34%
RCM A -2.34%
INST A -2.33%
JNPR A -2.33%
SRCL A -2.32%
HCP A -2.29%
ALE A -2.29%
AXNX A -2.27%
CTLT D -2.21%
ANSS C -2.2%
MRO C -2.06%
HES B -1.87%
RVNC C -1.87%
CHX F -1.68%
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