SHRY vs. MNA ETF Comparison

Comparison of First Trust Bloomberg Shareholder Yield ETF (SHRY) to IQ Merger Arbitrage ETF (MNA)

SHRY

First Trust Bloomberg Shareholder Yield ETF

SHRY Description

The fund will normally invest at least 90% of its net assets in the securities that comprise the index. The index is designed to select dividend-paying securities issued by large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$37.20

Average Daily Volume

1,156

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

$31.17

Average Daily Volume

54,429

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SHRY	MNA
30 Days	-0.96%	-0.23%
60 Days		-1.09%
90 Days		0.64%
12 Months		-1.09%

0 Overlapping Holdings

	Symbol	Grade	Weight in SHRY	Weight in MNA	Overlap

SHRY Overweight 51 Positions Relative to MNA

Symbol	Grade	Weight
MO	A	5.05%
PFG	C	4.5%
DELL	B	3.83%
HPQ	D	3.72%
EOG	B	3.67%
AMP	C	3.51%
DOW	D	3.33%
MET	C	3.31%
AFL	A	3.27%
PRU	C	3.27%
CMCSA	F	3.18%
LMT	B	3.02%
JNJ	F	2.88%
GIS	B	2.65%
CSX	D	2.31%
MCK	B	2.26%
MMM	B	1.95%
CME	D	1.88%
LOW	D	1.86%
CHTR	F	1.83%
GD	A	1.78%
UPS	F	1.78%
CL	A	1.68%
CAT	D	1.63%
AON	F	1.63%
MAR	D	1.62%
CB	C	1.61%
PG	A	1.61%
HD	D	1.58%
AAPL	B	1.51%
HCA	D	1.45%
ABT	F	1.43%
UNP	D	1.38%
KO	A	1.35%
LRCX	D	1.28%
ADP	D	1.26%
V	D	1.23%
COST	C	1.2%
SHW	D	1.19%
SLB	F	1.17%
KLAC	A	1.14%
QCOM	A	1.1%
GOOGL	B	1.02%
BLK	D	1.0%
MCD	F	0.93%
MA	D	0.9%
BX	D	0.9%
AMAT	C	0.79%
ACN	D	0.69%
MRK	B	0.53%
SOLV	C	0.33%

SHRY Underweight 29 Positions Relative to MNA

Symbol	Grade	Weight
HES	B	-7.4%
PXD	B	-7.39%
DFS	B	-6.45%
ANSS	D	-6.37%
X	D	-6.23%
ETRN	B	-6.13%
CTLT	D	-5.62%
JNPR	D	-4.83%
CPRI	F	-3.84%
CERE	B	-2.88%
AMED	D	-2.7%
FUSN	A	-2.51%
SIX	C	-2.49%
AXNX	C	-2.39%
DOOR	A	-2.18%
OLK	D	-1.84%
VZIO	D	-1.12%
MGRC	D	-1.06%
SRCL	D	-0.86%
HAYN	C	-0.81%
SP	C	-0.77%
EVBG	B	-0.75%
NS	D	-0.65%
HA	D	-0.61%
INBX	D	-0.61%
NWLI	A	-0.53%
TAST	A	-0.37%
XT	D	--0.25%
XOP	B	--6.21%