MNA vs. MARB ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust Merger Arbitrage ETF (MARB)
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

$33.10

Average Daily Volume

86,245

Number of Holdings *

32

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

First Trust Merger Arbitrage ETF

MARB Description The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.66

Average Daily Volume

2,128

Number of Holdings *

22

* may have additional holdings in another (foreign) market
Performance
MNA MARB
30 Days 0.79% 0.64%
60 Days -1.14% 0.57%
90 Days -0.90% 0.83%
12 Months 7.71% 1.17%
7 Overlapping Holdings
Grade Symbol Weight in MNA Weight in MARB Overlap
D CHNG 3.32% 2.21% 2.21%
A FLIR 3.29% 3.54% 3.29%
B IPHI 5.76% 3.33% 3.33%
A PNM 4.95% 3.57% 3.57%
A RP 6.06% 7.41% 6.06%
A VAR 4.99% 4.57% 4.57%
D XLNX 6.54% 3.43% 3.43%
MNA Overweight 25 Positions Relative to MARB
Grade Symbol Weight
B ALXN 6.39%
C CIT 5.46%
A INFO 5.08%
A COHR 3.81%
D AJRD 2.97%
B TCF 2.46%
C PBCT 2.12%
A HMSY 1.76%
B SPWH 1.72%
D CLGX 1.44%
B CMD 1.38%
B CTB 1.33%
A MGLN 1.13%
A PRSP 1.07%
B NTUS 1.06%
B GLUU 0.58%
D MTSC 0.57%
A PRAH 0.48%
B FRTA 0.47%
B CUB 0.33%
B EGOV 0.24%
A PAND 0.22%
C IGV 0.06%
D CLWT 0.06%
C KRE 0.06%
MNA Underweight 15 Positions Relative to MARB
Grade Symbol Weight
A WLTW -9.22%
C WORK -5.95%
B WTRE -5.41%
D FFG -4.82%
B MXIM -4.47%
D WDR -3.08%
D STND -1.92%
B RC -0.12%
A TDY --1.84%
C MRVL --2.12%
C CRM --2.51%
F AMD --3.75%
B OCSL --4.55%
B ADI --4.76%
A AON --9.65%
Compare ETFs