LCG vs. MNA ETF Comparison

Comparison of Sterling Capital Focus Equity ETF (LCG) to IQ Merger Arbitrage ETF (MNA)

LCG

Sterling Capital Focus Equity ETF

LCG Description

Seeks positions featuring attractive and sustainable multi-year return profiles underpinned by businesses perceived to possess: Robust financial returns and visible reinvestment opportunities Talented management Exposure to the four pillars: operating growth, strong balance sheets, high profitability, and attractive valuations

Grade (RS Rating)

Last Trade

$28.31

Average Daily Volume

7,889

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

$30.87

Average Daily Volume

54,412

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LCG	MNA
30 Days	-5.53%	-1.75%
60 Days	-5.97%	-1.75%
90 Days	0.52%	-1.41%
12 Months	24.64%	-1.97%

0 Overlapping Holdings

	Symbol	Grade	Weight in LCG	Weight in MNA	Overlap

LCG Overweight 20 Positions Relative to MNA

Symbol	Grade	Weight
CSGP	B	7.86%
SPGI	C	7.37%
IDXX	D	5.8%
SHOP	D	5.71%
AMZN	A	4.98%
GOOG	A	4.69%
OKTA	B	4.48%
VEEV	D	4.35%
HUBS	A	4.12%
NOW	C	3.95%
MSCI	D	3.83%
MDB	F	3.71%
WDAY	D	3.65%
CDNS	C	3.23%
SNPS	D	3.16%
MSFT	B	3.12%
TEAM	D	2.93%
ODFL	B	2.86%
SAIA	B	2.03%
HEI	A	1.02%

LCG Underweight 33 Positions Relative to MNA

Symbol	Grade	Weight
PXD	A	-7.3%
HES	A	-7.19%
X	D	-6.68%
ANSS	C	-6.66%
DFS	B	-6.41%
ETRN	A	-5.74%
CTLT	C	-5.56%
JNPR	C	-5.02%
CPRI	F	-4.66%
MDC	A	-4.42%
CERE	B	-2.78%
AMED	D	-2.66%
SIX	D	-2.64%
FUSN	A	-2.46%
AXNX	C	-2.37%
DOOR	A	-2.1%
OLK	C	-1.84%
MGRC	C	-1.17%
VZIO	A	-1.11%
SRCL	C	-0.88%
HAYN	A	-0.79%
SP	A	-0.76%
EVBG	A	-0.73%
NS	C	-0.64%
HA	C	-0.62%
INBX	C	-0.6%
NWLI	A	-0.52%
EGLE	B	-0.5%
KAMN	A	-0.48%
NGMS	A	-0.41%
TAST	A	-0.36%
XT	D	--0.24%
XOP	A	--6.53%