IQ Merger Arbitrage ETF (MNA)

33.41 +0.01  +0.03% NYSE Arca Jan 22, 12:53 Delayed 2m USD
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Key Stats

Net Asset Value 33.36
Discount or Premium to NAV 0.11%
Turnover Ratio 337.0%
1 Year Fund Level Flows 52.72M

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 1.24% 1.24% -0.09% 14
3M 3.42% 3.31% 0.15% 2
6M 5.60% 5.43% 0.51% 1
YTD 0.60% 0.67% 0.09% 27
1Y 4.21% 4.21% 0.37% 38
3Y 4.24% 4.34% 1.02% 22
5Y 3.75% 3.67% 0.41% 11
10Y 2.95% 3.00% 0.79% 20
15Y -- -- 1.56% --
20Y -- -- 3.17% --
As of Jan. 21, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 8.90% 10.31% 1.41%
Stock 89.61% 89.61% 0.00%
Bond 0.18% 0.19% 0.00%
Convertible 0.01% 0.01% 0.00%
Preferred 1.93% 1.93% 0.00%
Other -0.63% 27.64% 28.27%
As of Jan. 17, 2020
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Top 10 Holdings

Symbol Name % Weight Price % Chg
RTN Raytheon Co 7.96% 230.19 +0.52%
-- Payb Xli Short Ms -7.80% -- --
-- Recv Xli Short Ms 7.65% -- --
TGE Tallgrass Energy LP Class A 7.62% 22.28 +0.04%
TIF Tiffany & Co 7.47% 134.15 -0.10%
LPT Liberty Property Trust 5.48% 63.77 -0.92%
-- Schwab U.S. Reit Etf -5.26% -- --
AMTD TD Ameritrade Holding Corp 5.12% 51.04 +0.57%
-- Ishares Dj Us Fin -5.12% -- --
-- Schwab U.S. Reit Etf 5.08% -- --
As of Jan. 17, 2020
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Basic Info

Investment Strategy
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 invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. 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. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Market Neutral
Prospectus Objective Growth
Fund Owner Firm Name IndexIQ
Benchmark Index
IQ Hedge Merger Arbitrage TR USD 100.0%

Manager Info

Name Tenure
Greg Barrato 8.68 yrs
James Harrison 1.50 yrs

Net Fund Flows

1M 21.42M
3M 13.31M
6M -99.77M
YTD 52.72M
1Y 52.72M
3Y 723.87M
5Y 775.00M
10Y 853.01M
As of Dec. 31, 2019

Risk Info

Beta (5Y) 0.0768
Max Drawdown (All) 11.94%
Historical Sharpe Ratio (10Y) 0.5696
Historical Sortino (All) 0.3273
30-Day Rolling Volatility 2.75%
Daily Value at Risk (VaR) 1% (All) 1.28%
Monthly Value at Risk (VaR) 1% (All) 4.05%

Comparables

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Attributes

Key Dates
Inception Date 11/17/2009
Termination Date
Last Annual Report Date 4/30/2019
Last Prospectus Date 8/29/2019
Attributes
Exchange Traded Share Yes
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund Yes
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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