MRGR vs. EFRA ETF Comparison

Comparison of ProShares Merger ETF (MRGR) to iShares Environmental Infrastructure and Industrials ETF (EFRA)

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$39.81

Average Daily Volume

518

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EFRA

iShares Environmental Infrastructure and Industrials ETF

EFRA Description

The fund seeks to track the investment results of the index, which has been developed by FTSE International Limited (the "index provider" or "FTSE"). It is non-diversified.

Grade (RS Rating)

Last Trade

$30.72

Average Daily Volume

262

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MRGR	EFRA
30 Days	-0.40%	-4.36%
60 Days	-0.72%	4.29%
90 Days	-1.32%	1.63%
12 Months	5.05%	10.48%

1 Overlapping Holdings

	Symbol	Grade	Weight in MRGR	Weight in EFRA	Overlap
	SRCL	B	2.44%	2.12%	2.12%

MRGR Overweight 30 Positions Relative to EFRA

Symbol	Grade	Weight
WRK	B	3.26%
ETRN	C	3.09%
EVBG	D	2.98%
SBOW	C	2.57%
EDR	A	2.52%
HTLF	B	2.52%
HCP	B	2.49%
MODN	B	2.48%
AIRC	A	2.48%
PRFT	B	2.47%
SQSP	A	2.46%
HIBB	A	2.46%
AMK	C	2.45%
DCPH	A	2.45%
DFS	B	2.45%
ALE	B	2.43%
WIRE	B	2.42%
MRO	B	2.4%
ANSS	C	2.4%
SLCA	B	2.35%
AXNX	C	2.35%
CERE	C	2.33%
JNPR	B	2.29%
CTLT	C	2.27%
IBTX	B	2.24%
HA	D	2.22%
HES	D	2.17%
MGRC	D	2.04%
CHX	D	2.0%
X	F	1.86%

MRGR Underweight 16 Positions Relative to EFRA

Symbol	Grade	Weight
WAB	B	-6.69%
AWK	B	-6.46%
XYL	B	-6.44%
PNR	C	-5.04%
WMS	B	-4.54%
CLH	A	-4.44%
TTEK	B	-4.39%
WTRG	C	-3.7%
BMI	B	-2.17%
WTS	D	-2.03%
FELE	C	-1.74%
CWT	D	-1.09%
MWA	C	-1.06%
AWR	D	-1.03%
SJW	F	-0.66%
LNN	D	-0.52%