MNA vs. WBIY ETF Comparison

Comparison of IQ Merger Arbitrage ETF (MNA) to WBI Power Factor High Dividend ETF (WBIY)

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

$31.60

Average Daily Volume

40,902

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WBIY

WBI Power Factor High Dividend ETF

WBIY Description

The investment seeks long term-capital appreciation while also seeking to protect principal during unfavorable market conditions. The fund will seek to achieve its investment objective by using a broad and flexible investment strategy and may invest directly in different types of instruments, such as: stocks and bonds issued by public and private companies and bonds issued by governments and governmental agencies ("Direct Investments"); and shares of funds that invest directly in such instruments. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.00

Average Daily Volume

4,347

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MNA	WBIY
30 Days	1.51%	2.12%
60 Days	1.94%	-0.07%
90 Days	0.38%	-3.71%
12 Months	2.65%	15.82%

1 Overlapping Holdings

	Symbol	Grade	Weight in MNA	Weight in WBIY	Overlap
	ALE	B	2.58%	1.51%	1.51%

MNA Overweight 43 Positions Relative to WBIY

Symbol	Grade	Weight
DFS	A	6.62%
ANSS	D	6.44%
ETRN	D	6.26%
X	D	6.24%
CTLT	B	5.52%
JNPR	B	4.89%
HCP	A	4.53%
MRO	B	3.19%
CERE	D	2.83%
AIRC	A	2.82%
SWN	D	2.76%
AXNX	B	2.41%
HIBB	A	2.37%
OLK	B	2.08%
CHX	C	2.02%
WIRE	B	2.0%
PRFT	B	1.98%
IBTX	B	1.44%
VZIO	B	1.15%
MGRC	D	1.13%
SRCL	B	0.9%
AGS	B	0.8%
HAYN	C	0.78%
EVBG	C	0.78%
OSG	A	0.74%
AMK	B	0.72%
HA	D	0.66%
NWLI	A	0.59%
SLCA	B	0.49%
MODN	B	0.43%
HTLF	B	0.34%
SRDX	A	0.31%
FA	C	-0.27%
UMBF	C	-0.36%
WSC	F	-0.46%
AA	C	-0.84%
SSB	C	-1.46%
SLB	D	-2.12%
CHK	D	-2.97%
IP	B	-3.69%
SNPS	B	-4.23%
EQT	D	-6.25%
COF	C	-7.29%

MNA Underweight 49 Positions Relative to WBIY

Symbol	Grade	Weight
BBY	B	-5.77%
T	A	-5.31%
MO	B	-5.31%
D	D	-4.89%
OKE	B	-4.88%
KMI	A	-4.87%
DOW	D	-4.7%
DIN	F	-4.58%
VZ	B	-4.57%
KSS	D	-4.55%
LYB	C	-4.54%
CAG	D	-4.38%
WHR	C	-4.32%
BMY	F	-4.08%
CFG	C	-2.61%
KEY	C	-2.35%
RF	C	-2.02%
KHC	D	-2.0%
OGN	B	-1.61%
HESM	A	-1.09%
COLB	D	-1.06%
BKH	C	-1.02%
WU	D	-0.91%
JXN	C	-0.9%
PRU	B	-0.87%
CVI	F	-0.86%
VLY	D	-0.85%
CWEN	C	-0.81%
TNL	B	-0.81%
OMF	C	-0.8%
USB	C	-0.8%
SNV	A	-0.78%
FITB	C	-0.77%
PNC	C	-0.76%
HBAN	C	-0.76%
ZION	C	-0.74%
FNF	C	-0.7%
ASB	C	-0.5%
RGP	D	-0.48%
FIBK	C	-0.46%
NWN	F	-0.44%
VIRT	C	-0.38%
FULT	C	-0.31%
CVBF	C	-0.28%
PFS	D	-0.18%
SFNC	C	-0.16%
SASR	B	-0.15%
HOPE	C	-0.13%
EGBN	D	-0.11%