MNA vs. FCOR ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Fidelity Corporate Bond ETF (FCOR)

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

$30.84

Average Daily Volume

54,250

Number of Holdings ^*

32

* may have additional holdings in another (foreign) market

FCOR

Fidelity Corporate Bond ETF

FCOR Description

The investment seeks a high level of current income. Normally, the fund invests at least 80% of assets in investment-grade corporate bonds and other corporate debt securities and repurchase agreements for those securities. It is managed to have similar overall interest rate risk to the Barclays® U.S. Credit Bond Index. The fund invests in lower-quality debt securities.

Grade (RS Rating)

Last Trade

$45.28

Average Daily Volume

25,095

Number of Holdings ^*

0

* may have additional holdings in another (foreign) market

Performance

Period	MNA	FCOR
30 Days	-1.88%	-1.98%
60 Days	-1.85%	-1.06%
90 Days	-1.50%	-1.33%
12 Months	-1.84%	1.82%

0 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in FCOR	Overlap

MNA Overweight 32 Positions Relative to FCOR

	Symbol	Grade	Weight
	PXD	A	7.33%
	HES	A	7.07%
	X	D	6.79%
	ANSS	C	6.42%
	DFS	A	6.26%
	ETRN	A	5.74%
	CTLT	C	5.56%
	JNPR	C	4.99%
	MDC	A	4.46%
	CPRI	F	4.23%
	CERE	B	2.78%
	AMED	D	2.65%
	SIX	D	2.49%
	FUSN	A	2.47%
	AXNX	C	2.38%
	DOOR	A	2.12%
	OLK	D	1.82%
	MGRC	D	1.11%
	VZIO	A	1.1%
	SRCL	B	0.86%
	HAYN	A	0.8%
	SP	B	0.76%
	EVBG	A	0.74%
	HA	C	0.63%
	INBX	C	0.61%
	NS	B	0.59%
	NWLI	A	0.52%
	KAMN	A	0.49%
	NGMS	A	0.42%
	TAST	A	0.37%
	XT	D	-0.24%
	XOP	A	-6.49%

MNA Underweight 0 Positions Relative to FCOR

	Symbol	Grade	Weight

MNA: Top Represented Industries & Keywords

Industries: Biotechnology Oil & Gas E&P Oil & Gas Midstream Software - Application Aerospace & Defense Airlines Apparel Manufacturing Building Materials Business Services Communication Equipment Consumer Electronics Credit Services Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Insurance - Life Leisure Medical Care Medical Devices Metal Fabrication

Keywords: S&P 500 Aerospace Biopharmaceutical Biotechnology Computing Petroleum Industry Biology Chemical Clinic Clinical Services Crude Oil Dementia Electronics Hazardous Waste Homebuilder Index Fund Insurance Coverage Insurance Products Investment Management Natural Gas

FCOR: Top Represented Industries & Keywords

Industries:

Keywords: