OFOS vs. MNA ETF Comparison

Comparison of Range Global Offshore Oil Services Index ETF (OFOS) to IQ Merger Arbitrage ETF (MNA)

OFOS

Range Global Offshore Oil Services Index ETF

OFOS Description

The index is designed to track the performance of companies that are involved in the offshore oil services ecosystem, particularly in the areas of production, exploration, development, transportation, and distribution. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of offshore oil companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.12

Average Daily Volume

3,048

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$31.06

Average Daily Volume

56,743

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OFOS	MNA
30 Days	-5.38%	-1.51%
60 Days	10.54%	-1.29%
90 Days	18.61%	0.11%
12 Months		-0.95%

0 Overlapping Holdings

	Symbol	Grade	Weight in OFOS	Weight in MNA	Overlap

OFOS Overweight 7 Positions Relative to MNA

Symbol	Grade	Weight
NE	F	9.17%
VAL	D	8.32%
RIG	F	7.32%
TDW	A	7.25%
SDRL	B	5.11%
WFRD	B	3.67%
FTI	A	3.55%

OFOS Underweight 29 Positions Relative to MNA

Symbol	Grade	Weight
PXD	B	-7.57%
HES	B	-7.48%
DFS	B	-6.7%
ANSS	D	-6.47%
ETRN	A	-6.26%
X	F	-6.13%
CTLT	C	-5.59%
JNPR	D	-4.87%
CPRI	F	-3.83%
CERE	A	-2.81%
AMED	D	-2.66%
SIX	D	-2.51%
FUSN	A	-2.5%
AXNX	C	-2.37%
DOOR	A	-2.15%
OLK	D	-1.81%
VZIO	D	-1.12%
MGRC	D	-1.07%
SRCL	F	-0.87%
HAYN	C	-0.8%
SP	B	-0.76%
EVBG	B	-0.75%
NS	D	-0.65%
INBX	D	-0.61%
HA	D	-0.59%
NWLI	A	-0.53%
TAST	A	-0.37%
XT	C	--0.24%
XOP	C	--6.52%

OFOS: Top Represented Industries & Keywords

Industries: Oil & Gas Drilling Oil & Gas Equipment & Services