MARB vs. MNA ETF Comparison

Comparison of First Trust Merger Arbitrage ETF (MARB) to IQ Merger Arbitrage ETF (MNA)
MARB

First Trust Merger Arbitrage ETF

MARB Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.80

Average Daily Volume

29,472

Number of Holdings *

25

* 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

$31.48

Average Daily Volume

43,948

Number of Holdings *

36

* may have additional holdings in another (foreign) market
Performance
Period MARB MNA
30 Days 0.20% 0.51%
60 Days -0.30% 0.35%
90 Days -1.79% 0.22%
12 Months 0.69% 1.43%
17 Overlapping Holdings
Symbol Grade Weight in MARB Weight in MNA Overlap
AMED F 4.62% 2.49% 2.49%
ANSS C 3.61% 4.45% 3.61%
AXNX B 4.1% 1.38% 1.38%
CERE B 3.06% 2.16% 2.16%
CPRI F 1.85% 4.53% 1.85%
CTLT C 3.0% 2.59% 2.59%
DFS A 3.04% 4.07% 3.04%
DSKE B 1.57% 0.41% 0.41%
HES C 3.02% 6.12% 3.02%
JNPR B 3.5% 3.06% 3.06%
KAMN A 1.5% 0.45% 0.45%
NS C 2.4% 0.63% 0.63%
NWLI A 2.1% 0.49% 0.49%
PXD A 5.09% 6.27% 5.09%
SP B 1.56% 0.71% 0.71%
VZIO B 2.98% 0.67% 0.67%
X D 3.86% 5.06% 3.86%
MARB Overweight 8 Positions Relative to MNA
Symbol Grade Weight
ACI D 5.31%
LBAI F 2.04%
SNPS C -2.08%
PFS F -2.11%
SUN D -2.49%
CVX C -3.21%
COF A -3.48%
XOM B -5.49%
MARB Underweight 19 Positions Relative to MNA
Symbol Grade Weight
WRK B -6.73%
SHV A -4.8%
BIL B -4.52%
MDC A -3.18%
SIX C -2.46%
CBAY A -1.91%
OLK D -1.81%
DOOR B -1.79%
WH D -1.61%
CPE C -1.05%
PGTI A -0.73%
EVBG B -0.69%
HA D -0.58%
INBX D -0.5%
EGLE B -0.48%
NGMS A -0.38%
CATC D -0.34%
MGRC D -0.3%
XOP A --1.26%
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