MNA vs. IHE ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to iShares U.S. Pharmaceutical ETF (IHE)
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

$32.77

Average Daily Volume

48,164

Number of Holdings *

44

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

iShares U.S. Pharmaceutical ETF

IHE Description The investment seeks to track the investment results of an index composed of U.S. equities in the pharmaceuticals sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Pharmaceuticals Index (the "underlying index"), which measures the performance of the pharmaceuticals sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.45

Average Daily Volume

33,474

Number of Holdings *

10

* may have additional holdings in another (foreign) market
Performance
Period MNA IHE
30 Days -0.36% -4.95%
60 Days -0.40% -5.48%
90 Days 0.52% -5.48%
12 Months 6.64% 17.51%
1 Overlapping Holdings
Symbol Grade Weight in MNA Weight in IHE Overlap
CTLT C 5.63% 4.23% 4.23%
MNA Overweight 43 Positions Relative to IHE
Symbol Grade Weight
DFS B 8.65%
JNPR D 4.99%
HCP B 4.36%
FYBR C 3.64%
MRO B 3.51%
SMAR A 3.2%
ALTR B 3.12%
BALY A 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 9 Positions Relative to IHE
Symbol Grade Weight
JNJ C -22.25%
LLY F -20.67%
BMY B -5.27%
VTRS B -4.69%
PFE F -4.38%
ZTS D -4.32%
RPRX D -4.18%
MRK D -4.09%
ITCI C -3.33%
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