MNA vs. UDI ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to USCF Dividend Income Fund (UDI)

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

$32.83

Average Daily Volume

52,891

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UDI

USCF Dividend Income Fund

UDI Description

USCF ESG Dividend Income Fund is an exchange traded fund launched and managed by USCF Advisers LLC. It is co-managed by Miller/Howard Investments, Inc. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. The fund does not invest in stocks of companies operating across tobacco, firearms, controversial weapons, human rights violations or environmental abuses sectors. USCF ESG Dividend Income Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$29.97

Average Daily Volume

6,036

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	UDI
30 Days	-0.36%	0.55%
60 Days	0.31%	0.90%
90 Days	2.05%	4.15%
12 Months	5.88%	31.42%

0 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in UDI	Overlap

MNA Overweight 44 Positions Relative to UDI

Symbol	Grade	Weight
DFS	A	7.23%
CTLT	D	5.72%
JNPR	A	5.11%
HCP	A	4.32%
FYBR	A	3.74%
SHV	A	3.27%
MRO	C	3.25%
SMAR	A	3.2%
SRCL	A	2.81%
BALY	A	2.75%
ALE	A	2.67%
INST	A	2.62%
ENV	A	2.57%
K	A	2.46%
AXNX	A	2.38%
SPR	C	2.13%
AY	A	2.08%
RCM	A	2.0%
IBTX	B	1.82%
INFN	B	1.75%
EVRI	A	1.58%
SRCL	A	1.46%
VZIO	C	1.33%
HTLF	A	1.08%
FBMS	B	1.04%
PETQ	A	0.85%
AGS	A	0.83%
HAYN	A	0.75%
PFC	A	0.55%
GATO	B	0.51%
RVNC	C	0.4%
CFB	D	0.37%
PGRU	A	0.35%
SRDX	D	0.26%
CLF	C	-0.26%
BUSE	D	-0.38%
FA	D	-0.46%
WSBC	A	-0.56%
RNST	B	-1.05%
UMBF	A	-1.1%
SSB	B	-1.83%
BA	F	-1.85%
IP	A	-3.56%
COF	A	-7.9%

MNA Underweight 33 Positions Relative to UDI

Symbol	Grade	Weight
JEF	B	-4.65%
GILD	A	-4.58%
PAYX	B	-4.37%
JNJ	D	-4.33%
GS	B	-4.24%
KO	D	-4.2%
BK	B	-4.17%
ORI	D	-4.11%
ABBV	A	-3.92%
JPM	A	-3.91%
MDT	B	-3.77%
CSCO	B	-3.61%
CMCSA	A	-3.3%
EWBC	A	-3.09%
IPG	F	-2.76%
LAMR	B	-2.71%
HST	D	-2.64%
CME	B	-2.36%
BAC	B	-2.29%
TXN	A	-2.25%
ASB	A	-2.2%
MRK	F	-1.97%
GSK	F	-1.91%
STAG	D	-1.87%
RHI	C	-1.87%
OMC	B	-1.73%
CAG	D	-1.73%
PFE	D	-1.6%
SON	F	-1.48%
TGT	D	-1.46%
RDN	F	-1.43%
CPT	D	-1.31%
MAA	D	-1.24%