OSCV vs. MNA ETF Comparison

Comparison of Opus Small Cap Value Plus ETF (OSCV) to IQ Merger Arbitrage ETF (MNA)

OSCV

Opus Small Cap Value Plus ETF

OSCV Description

The investment seeks capital appreciation. The fund is an actively-managed exchange-traded fund ("ETF") that invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-capitalization U.S. companies. The fund's sub-adviser defines a small-capitalization company as an issuer whose market capitalization at the time of purchase is in the range of those found in the Russell 2000® Index. The fund will primarily invest in common stocks and real estate investment trusts ("REITs").

Grade (RS Rating)

Last Trade

$37.33

Average Daily Volume

71,499

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

$32.83

Average Daily Volume

52,891

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OSCV	MNA
30 Days	0.85%	-0.36%
60 Days	-0.23%	0.31%
90 Days	-0.53%	2.05%
12 Months	24.29%	5.88%

0 Overlapping Holdings

	Symbol	Grade	Weight in OSCV	Weight in MNA	Overlap

OSCV Overweight 68 Positions Relative to MNA

Symbol	Grade	Weight
ENSG	A	2.86%
CASY	A	2.8%
TTEK	B	2.7%
TXRH	A	2.64%
CHE	F	2.34%
KBH	D	2.15%
FIX	B	2.08%
PRI	B	2.03%
CW	B	1.96%
ICFI	B	1.96%
OC	B	1.94%
KAI	A	1.88%
THG	B	1.87%
EHC	A	1.8%
UFPI	C	1.8%
ACA	B	1.76%
HWKN	D	1.76%
NOG	F	1.7%
EFSC	B	1.56%
SYBT	B	1.56%
HLI	A	1.56%
EPRT	C	1.54%
MUSA	C	1.54%
ATR	A	1.52%
SPNS	B	1.5%
SBCF	B	1.49%
CHRD	F	1.43%
CODI	D	1.39%
EGP	D	1.37%
GABC	A	1.35%
CWT	D	1.31%
CHDN	B	1.29%
WTBA	A	1.29%
HOMB	B	1.29%
OTTR	F	1.28%
KFRC	D	1.24%
LKFN	B	1.24%
BYD	A	1.23%
OSBC	B	1.2%
GGG	D	1.19%
GPK	D	1.18%
HP	C	1.11%
HCKT	D	1.1%
NVT	D	1.09%
LSTR	D	1.08%
LADR	B	1.06%
NJR	D	1.06%
KMPR	B	1.03%
LECO	B	0.97%
SCI	A	0.96%
ADC	C	0.96%
ASH	F	0.95%
TRNO	F	0.94%
HIFS	B	0.93%
AMH	F	0.93%
KRP	B	0.91%
WASH	B	0.91%
CPA	B	0.91%
USLM	A	0.9%
RRC	D	0.87%
EVTC	D	0.82%
DOX	B	0.79%
NSA	D	0.76%
CIVI	F	0.7%
FCPT	D	0.7%
FELE	D	0.66%
AAON	A	0.63%
BRKR	D	0.58%

OSCV Underweight 44 Positions Relative to MNA

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%