MNA vs. SKYY ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to First Trust ISE Cloud Computing Index Fund (SKYY)

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

SKYY

First Trust ISE Cloud Computing Index Fund

SKYY Description

The investment seeks investment results that correspond generally to the price and yield, before the fund's fees and expenses, of an equity index called the ISE Cloud Computing(TM) Index. The index is owned and was developed by International Securities Exchange, LLC ("ISE" or the "Index Provider"). The index Provider has contracted with Standard & Poor's to calculate and maintain the index. The index is designed to provide a benchmark for investors interested in tracking companies actively involved in the cloud computing industry. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$122.95

Average Daily Volume

130,561

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	SKYY
30 Days	-0.18%	17.99%
60 Days	-0.27%	20.29%
90 Days	0.61%	25.60%
12 Months	6.73%	53.29%

2 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in SKYY	Overlap
	SMAR	A	3.2%	0.61%	0.61%
	ZUO	B	1.18%	0.6%	0.6%

MNA Overweight 42 Positions Relative to SKYY

Symbol	Grade	Weight
DFS	B	8.65%
CTLT	B	5.63%
JNPR	F	4.99%
HCP	B	4.36%
FYBR	D	3.64%
MRO	B	3.51%
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%
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 60 Positions Relative to SKYY

Symbol	Grade	Weight
APP	B	-4.9%
LUMN	C	-4.38%
ORCL	B	-4.24%
AMZN	C	-3.79%
NTNX	A	-3.6%
ANET	C	-3.49%
GOOGL	C	-3.44%
IBM	C	-3.31%
MSFT	F	-3.27%
PSTG	D	-3.11%
MDB	C	-2.67%
TWLO	A	-2.48%
CSCO	B	-2.44%
TEAM	A	-2.42%
NET	B	-2.39%
SHOP	B	-2.36%
HUBS	A	-2.23%
CFLT	B	-2.15%
CRM	B	-2.1%
GTLB	B	-2.06%
NOW	A	-1.95%
WK	B	-1.91%
DELL	C	-1.86%
AKAM	D	-1.85%
HPE	B	-1.76%
FIVN	C	-1.63%
NTAP	C	-1.56%
ADBE	C	-1.48%
RBRK	A	-1.46%
DOCN	D	-1.39%
RNG	B	-1.38%
WIX	B	-1.18%
SAP	B	-1.12%
APPN	B	-0.9%
TOST	B	-0.87%
PAYC	B	-0.74%
DOCU	A	-0.72%
QTWO	A	-0.7%
PCTY	B	-0.68%
CRWD	B	-0.66%
BL	B	-0.65%
QLYS	C	-0.64%
ZM	B	-0.64%
TTD	B	-0.64%
ESTC	C	-0.62%
DDOG	A	-0.6%
SNOW	C	-0.6%
DBX	B	-0.59%
INTU	C	-0.59%
PANW	C	-0.58%
VEEV	C	-0.57%
ZS	C	-0.56%
BOX	B	-0.56%
WDAY	B	-0.55%
BLKB	B	-0.54%
APPF	B	-0.54%
ASAN	C	-0.54%
FSLY	D	-0.54%
SPT	C	-0.49%
OTEX	D	-0.48%