MNA vs. ABEQ ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Absolute Core Strategy ETF (ABEQ)
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

$32.78

Average Daily Volume

48,345

Number of Holdings *

44

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

Absolute Core Strategy ETF

ABEQ Description The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.85

Average Daily Volume

5,950

Number of Holdings *

19

* may have additional holdings in another (foreign) market
Performance
Period MNA ABEQ
30 Days -0.33% -0.61%
60 Days -0.36% 0.76%
90 Days 0.55% 1.75%
12 Months 6.67% 19.75%
0 Overlapping Holdings
Symbol Grade Weight in MNA Weight in ABEQ Overlap
MNA Overweight 44 Positions Relative to ABEQ
Symbol Grade Weight
DFS B 8.65%
CTLT C 5.63%
JNPR D 4.99%
HCP B 4.36%
FYBR C 3.64%
MRO B 3.51%
SMAR B 3.2%
ALTR B 3.12%
BALY B 2.82%
ALE A 2.69%
ENV B 2.59%
K A 2.47%
AXNX A 2.39%
AY A 2.1%
B A 2.08%
IBTX B 2.04%
RCM A 2.01%
SPR D 1.97%
INFN D 1.72%
NAPA A 1.6%
EVRI A 1.59%
SASR B 1.5%
VZIO A 1.31%
HTLF B 1.25%
FBMS B 1.19%
ZUO B 1.18%
AGS A 0.84%
HAYN A 0.77%
PFC B 0.65%
GATO C 0.41%
CFB B 0.4%
PGRU A 0.35%
RVNC F 0.32%
SRDX B 0.27%
BUSE B -0.42%
WSBC B -0.66%
RNST B -1.2%
CDE C -1.2%
UMBF B -1.28%
AUB B -1.5%
BA F -1.63%
SSB B -2.03%
IP A -4.24%
COF C -9.37%
MNA Underweight 19 Positions Relative to ABEQ
Symbol Grade Weight
BRK.A B -11.57%
L A -6.67%
UL D -6.26%
MDT D -4.54%
DD C -4.13%
TRV B -3.91%
CMCSA B -3.85%
EOG A -3.58%
CSCO B -3.39%
CTVA C -2.86%
IFF D -2.31%
HSY F -1.95%
DEO F -1.74%
MRK D -1.65%
CME B -1.25%
HON C -1.11%
EQC B -1.02%
VZ C -0.98%
GEHC D -0.97%
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