MNA vs. IVES ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to Wedbush ETFMG Global Cloud Technology ETF (IVES)

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

$32.80

Average Daily Volume

49,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$49.21

Average Daily Volume

1,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	IVES
30 Days	-0.18%	7.17%
60 Days	-0.27%	5.41%
90 Days	0.61%	7.27%
12 Months	6.73%	43.26%

2 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in IVES	Overlap
	HCP	B	4.36%	2.1%	2.1%
	JNPR	F	4.99%	1.92%	1.92%

MNA Overweight 42 Positions Relative to IVES

Symbol	Grade	Weight
DFS	B	8.65%
CTLT	B	5.63%
FYBR	D	3.64%
MRO	B	3.51%
SMAR	A	3.2%
ALTR	B	3.12%
BALY	C	2.82%
ALE	A	2.69%
ENV	B	2.59%
K	A	2.47%
AXNX	C	2.39%
AY	B	2.1%
B	B	2.08%
IBTX	B	2.04%
RCM	F	2.01%
SPR	D	1.97%
INFN	C	1.72%
NAPA	B	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	C	0.77%
PFC	A	0.65%
GATO	D	0.41%
CFB	B	0.4%
PGRU	A	0.35%
RVNC	F	0.32%
SRDX	B	0.27%
BUSE	B	-0.42%
WSBC	A	-0.66%
RNST	B	-1.2%
CDE	D	-1.2%
UMBF	B	-1.28%
AUB	B	-1.5%
BA	F	-1.63%
SSB	B	-2.03%
IP	B	-4.24%
COF	B	-9.37%

MNA Underweight 34 Positions Relative to IVES

Symbol	Grade	Weight
SNOW	C	-3.15%
TEAM	A	-3.13%
CFLT	B	-3.13%
VRT	B	-2.83%
GTLB	B	-2.72%
MRVL	B	-2.67%
MDB	C	-2.5%
DDOG	A	-2.47%
NVDA	C	-2.47%
DELL	C	-2.43%
APPN	B	-2.4%
CDNS	B	-2.4%
ORCL	B	-2.37%
SNPS	B	-2.35%
INTC	D	-2.28%
AMZN	C	-2.24%
HPQ	B	-2.22%
HPE	B	-2.22%
NTAP	C	-2.16%
CIEN	B	-2.15%
ANET	C	-2.15%
MU	D	-2.12%
AAPL	C	-2.12%
GOOGL	C	-2.11%
MSFT	F	-2.09%
WDC	D	-2.09%
IBM	C	-2.07%
AVGO	D	-1.95%
QCOM	F	-1.94%
DOCN	D	-1.91%
AMD	F	-1.69%
BABA	D	-1.56%
SMCI	F	-1.52%
MPWR	F	-1.29%