MNA

IQ Merger Arbitrage ETF
B

65
*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’s straightforward merger arbitrage strategy continues to deliver stellar performance, and investors have noticed. The fund takes long positions in stocks that are reported targets of takeovers or acquisitions. Rather than directly shorting the acquiring name, the fund partially offsets long stakes with broad equity indexes. The resulting net long equity position still managed to keep correlations low over the past 12 months, and the approach reduces expenses since it avoids 100% short positions. Indeed, the fund’s fee is low for the space. Low correlations aside, MNA had decent returns over the past 12 months and very low volatility. Investors have caught on: AUM has grown significantly and closure risk is now low.

MNA MSCI ESG Analytics Insight

IQ Merger Arbitrage ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.02 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 41st percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

MNA CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MNA -0.30% 0.24% -0.27% 1.92% 3.48% 2.92% --
MNA (NAV) 0.20% 0.89% 0.20% 2.48% 3.68% 2.90% --
IQ Merger Arbitrage Index 0.18% 1.00% 0.42% 2.85% 4.22% 3.64% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MNA Summary Data

IndexIQ
11/17/09
Open-Ended Fund
0.78%
$966.36M
$4.29M
0.06%

MNA Portfolio Data

Merger Arbitrage
0.20%
12/30/19
37

MNA Index Data

Multi-Factor
Multi-Factor
N/A

MNA Portfolio Management

0.78%
-0.50%
-0.37%
-0.64%

MNA Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

MNA Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

MNA Factset Analytics Block Liquidity

As of 07/19/19
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

135,726
$4.29M
118,135
$3.73M
0.06%
$0.02
0.11%
0.40% / -0.29%
None
95.75%
50,000
2.36
0.03%
--
--
$31.74
N/A

MNA Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

MNA Top 5 Holdings Long

8.90%

MNA Top 5 Holdings Short

-0.83%

MNA Performance Statistics

2.48%
1.82%
-1.21%
0.04
0.06
-0.13
0.32

MNA Correlations (DAILY RETURNS 12 MO)

0.27
0.04
0.10

MNA MSCI ESG Ratings

BBB
5.02 / 10
--
40.90
7.20%
9.47%
23.66

Correlation (Rolling 30 Day, 12 Mo)