PAVE vs. MNA ETF Comparison

Comparison of Global X U.S. Infrastructure Development ETF (PAVE) to IQ Merger Arbitrage ETF (MNA)

PAVE

Global X U.S. Infrastructure Development ETF

PAVE Description

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX U.S. Infrastructure Development Index.

Grade (RS Rating)

Last Trade

$45.38

Average Daily Volume

1,110,201

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

$32.80

Average Daily Volume

49,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAVE	MNA
30 Days	9.35%	-0.18%
60 Days	11.83%	-0.27%
90 Days	15.65%	0.61%
12 Months	45.99%	6.73%

1 Overlapping Holdings

	Symbol	Grade	Weight in PAVE	Weight in MNA	Overlap
	HAYN	C	0.27%	0.77%	0.27%

PAVE Overweight 97 Positions Relative to MNA

Symbol	Grade	Weight
TT	A	3.76%
PH	A	3.45%
ETN	A	3.45%
URI	B	3.41%
PWR	A	3.28%
HWM	A	3.25%
EMR	A	3.13%
SRE	A	2.93%
FAST	B	2.74%
MLM	B	2.73%
VMC	B	2.62%
NSC	B	2.54%
CSX	B	2.37%
DE	A	2.36%
UNP	C	2.25%
ROK	B	2.19%
NUE	C	1.98%
FTV	C	1.85%
HUBB	B	1.64%
EME	C	1.63%
BLDR	D	1.56%
STLD	B	1.55%
CSL	C	1.53%
J	F	1.24%
RS	B	1.24%
PNR	A	1.22%
RPM	A	1.22%
TRMB	B	1.22%
IEX	B	1.21%
WLK	D	1.13%
GGG	B	1.05%
ACM	A	1.02%
POWL	C	0.89%
LECO	B	0.83%
RRX	B	0.8%
BLD	D	0.8%
AGX	B	0.79%
TTEK	F	0.76%
TPC	C	0.75%
MTZ	B	0.75%
WCC	B	0.74%
EXP	A	0.74%
WWD	B	0.72%
AYI	B	0.71%
WMS	D	0.71%
MLI	C	0.71%
USLM	A	0.71%
CR	A	0.69%
RBC	A	0.64%
STRL	B	0.59%
CRS	A	0.59%
PRIM	A	0.56%
LPX	B	0.56%
X	C	0.56%
AA	B	0.51%
ATI	D	0.5%
DXPE	B	0.5%
GVA	A	0.49%
ROAD	A	0.49%
VMI	B	0.49%
CMC	B	0.48%
ZWS	B	0.47%
BMI	B	0.45%
CSWI	A	0.44%
HRI	B	0.43%
NWPX	A	0.43%
CENX	B	0.43%
MWA	B	0.4%
CLF	F	0.4%
SUM	B	0.4%
DY	D	0.38%
KNF	A	0.37%
EXPO	D	0.35%
ACA	A	0.35%
GBX	A	0.34%
TRN	C	0.34%
DNOW	B	0.34%
MRC	B	0.3%
MTX	B	0.29%
GRC	A	0.29%
HEES	B	0.27%
TEX	D	0.25%
ASTE	B	0.25%
MYRG	B	0.25%
MDU	D	0.25%
MTRN	C	0.23%
CMCO	B	0.23%
ATKR	C	0.23%
CXT	B	0.22%
IIIN	C	0.21%
ROCK	C	0.21%
WNC	C	0.18%
CTOS	C	0.18%
RYI	C	0.17%
MTUS	C	0.17%
CALX	D	0.16%
TITN	C	0.13%

PAVE Underweight 43 Positions Relative to MNA

Symbol	Grade	Weight
DFS	B	-8.65%
CTLT	B	-5.63%
JNPR	F	-4.99%
HCP	B	-4.36%
FYBR	D	-3.64%
MRO	B	-3.51%
SMAR	A	-3.2%
ALTR	B	-3.12%
BALY	C	-2.82%
ALE	A	-2.69%
ENV	B	-2.59%
K	A	-2.47%
AXNX	C	-2.39%
AY	B	-2.1%
B	B	-2.08%
IBTX	B	-2.04%
RCM	F	-2.01%
SPR	D	-1.97%
INFN	C	-1.72%
NAPA	B	-1.6%
EVRI	A	-1.59%
SASR	B	-1.5%
VZIO	A	-1.31%
HTLF	B	-1.25%
FBMS	B	-1.19%
ZUO	B	-1.18%
AGS	A	-0.84%
PFC	A	-0.65%
GATO	D	-0.41%
CFB	B	-0.4%
PGRU	A	-0.35%
RVNC	F	-0.32%
SRDX	B	-0.27%
BUSE	B	--0.42%
WSBC	A	--0.66%
RNST	B	--1.2%
CDE	D	--1.2%
UMBF	B	--1.28%
AUB	B	--1.5%
BA	F	--1.63%
SSB	B	--2.03%
IP	B	--4.24%
COF	B	--9.37%