MNA vs. FCLD ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Fidelity Cloud Computing ETF (FCLD)
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
FCLD

Fidelity Cloud Computing ETF

FCLD Description The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet.

Grade (RS Rating)

Last Trade

$25.27

Average Daily Volume

31,503

Number of Holdings *

47

* may have additional holdings in another (foreign) market
Performance
Period MNA FCLD
30 Days 0.51% 3.33%
60 Days 0.35% 7.87%
90 Days 0.22% 11.89%
12 Months 1.43% 52.44%
0 Overlapping Holdings
Symbol Grade Weight in MNA Weight in FCLD Overlap
MNA Overweight 36 Positions Relative to FCLD
Symbol Grade Weight
WRK A 6.73%
PXD A 6.27%
HES C 6.12%
X D 5.06%
SHV A 4.8%
CPRI F 4.53%
BIL B 4.52%
ANSS C 4.45%
DFS A 4.07%
MDC A 3.18%
JNPR B 3.06%
CTLT C 2.59%
AMED F 2.49%
SIX C 2.46%
CERE C 2.16%
CBAY A 1.91%
OLK D 1.81%
DOOR A 1.79%
WH D 1.61%
AXNX B 1.38%
CPE C 1.05%
PGTI A 0.73%
SP A 0.71%
EVBG B 0.69%
VZIO C 0.67%
NS C 0.63%
HA D 0.58%
INBX D 0.5%
NWLI A 0.49%
EGLE C 0.48%
KAMN A 0.45%
DSKE A 0.41%
NGMS A 0.38%
CATC D 0.34%
MGRC D 0.3%
XOP A -1.26%
MNA Underweight 47 Positions Relative to FCLD
Symbol Grade Weight
ORCL C -5.13%
MSFT C -4.64%
CRM C -4.47%
INTU C -4.33%
NOW D -4.23%
EQIX D -3.38%
SMCI C -3.16%
WDAY D -2.91%
MSTR C -2.75%
DLR D -2.74%
SNOW F -2.62%
DDOG D -2.5%
HUBS C -2.43%
NTAP C -2.42%
HPE C -2.41%
TEAM F -2.41%
SPLK A -2.32%
WDC B -2.13%
NTNX C -2.04%
MDB F -2.02%
ZM D -1.96%
XRX D -1.94%
STX C -1.92%
PSTG C -1.91%
TWLO F -1.8%
DAY F -1.71%
DT F -1.67%
PATH D -1.65%
DBX F -1.46%
CFLT C -1.45%
BOX C -1.4%
ESTC D -1.34%
FIVN F -1.32%
CVLT A -1.31%
AYX B -1.26%
TDC F -1.23%
RNG C -1.2%
FROG C -1.17%
GTLB D -1.13%
PEGA C -1.09%
DOCN C -1.06%
VRNT C -0.99%
AI F -0.95%
INFA C -0.93%
FSLY F -0.85%
VERX C -0.81%
SWI C -0.7%
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