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.

MNA MSCI ESG Analytics Insight

IQ Merger Arbitrage ETF has an MSCI ESG Fund Rating of A based on a score of 5.74 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. IQ Merger Arbitrage ETF ranks in the 43th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

MNA MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

PERFORMANCE [as of 06/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MNA -0.24% 1.21% 0% 9.29% 3.44% 3.56% 3.24%
MNA (NAV) -0.16% 1.37% -0.03% 8.18% 3.48% 3.50% 3.31%
IQ Merger Arbitrage Index -0.08% 1.54% 0.34% 8.93% 4.01% 4.07% 4.13%
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%
$740.22M
$2.13M
0.14%

MNA Portfolio Data

Merger Arbitrage
2.30%
N/A
34

MNA Index Data

Multi-Factor
Multi-Factor
N/A

MNA Portfolio Management

0.77%
-0.53%
-0.23%
-0.92%

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 06/24/21
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

63,571
$2.13M
56,663
$1.90M
0.14%
$0.05
0.07%
0.59% / -0.77%
None
95.75%
50,000
1.13
0.03%
--
0
$33.31
N/A

MNA Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

MNA Top 5 Holdings Long

8.34%

MNA Top 5 Holdings Short

-1.55%

MNA Performance Statistics

8.18%
4.01%
-1.34%
0.10
0.15
-0.43
2.89

MNA Correlations (Daily Returns 12 Mo)

0.19
0.33
0.02

MNA MSCI ESG Ratings

5.74 / 10
--
42.58
20.63%
8.82%
288.35