MNA IQ Merger Arbitrage ETF

*Unless otherwise stated, data provided by FactSet.

MNA Fund Description

MNA tracks an index that uses a merger arbitrage strategy with long exposure to takeover targets and short exposure to broad global equity indexes.

MNA Factset Analytics Insight

MNA aims to generate returns through a passive strategy that represents the global merger arbitrage activity. The fund takes long positions in stocks that are reported targets of takeovers or acquisitions and other buyout-related transactions. The underlying index seeks to capitalize on the spread between the target company’s current market stock price and the price of that stock received by the holder from the buyout transaction. Rather than directly shorting the acquiring name, the fund partially offsets long stakes with broad equity indexes. The resulting net long equity position should aid in keeping correlations low over a period of time, and the approach hopes to reduce expenses since it avoids 100% short positions.

PERFORMANCE [as of 09/22/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MNA -0.63% 3.38% -1.52% -3.58% 0.31% 1.14% 2.90%
MNA (NAV) -0.69% 3.28% -1.52% -3.62% 0.31% 1.13% 2.88%
IQ Merger Arbitrage Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MNA Summary Data

New York Life
IndexIQ
11/17/09
Open-Ended Fund
0.77%
$557.72M
$2.67M
0.12%

MNA Portfolio Data

Merger Arbitrage
2.38%
N/A
34

MNA Index Data

IQ Merger Arbitrage Index
Multi-Factor
Multi-Factor
N/A

MNA Portfolio Management

0.77%
--
--
--

MNA Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

MNA Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

MNA Factset Analytics Block Liquidity

As of 09/23/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MNA. MNA is rated a N/A out of 5.

MNA Tradability

84,847
$2.67M
65,119
$2.07M
0.12%
$0.04
-0.01%
0.54% / -0.56%
None
95.75%
50,000
1.30
0.03%
--
0
$31.75
N/A

MNA Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

MNA Top 5 Holdings Long

4.76%

MNA Top 5 Holdings Short

--

MNA Performance Statistics

-3.62%
1.82%
-1.90%
-0.05
-0.07
-0.30
5.06

MNA Correlations (Daily Returns 12 Mo)

0.60
0.23
0.04