Key Stats

Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.76% -0.14% 461.70M 120134.4
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
0.00% 314.0% -127.37M Upgrade

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 Small Cap/Growth
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Event Driven
Category Index Morningstar Mod Con Tgt Risk TR USD
Global Category Name Market Neutral
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Growth
Fund Owner Firm Name IndexIQ
Prospectus Benchmark Index
IQ Hedge Merger Arbitrage TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Greg Barrato 12.01 yrs
James Harrison 4.84 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 77
-127.37M
-857.36M Category Low
1.619B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of February 28, 2023

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of March 30, 2023. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2016
2017
2018
2019
2020
2021
2022
YTD
4.60%
5.97%
2.13%
4.70%
2.71%
-3.24%
-1.61%
-0.44%
7.86%
23.97%
-9.41%
26.60%
16.25%
18.54%
-18.36%
6.16%
--
--
--
--
--
3.16%
2.67%
-1.24%
-1.33%
2.08%
3.42%
4.31%
1.99%
6.58%
-4.81%
-1.28%
4.86%
4.71%
-1.58%
5.86%
-0.91%
8.01%
-6.90%
0.91%
--
--
--
22.04%
16.17%
10.57%
-27.78%
3.84%
As of March 30, 2023.

Fund Details

Key Dates
Inception Date 11/17/2009
Last Annual Report Date 4/30/2022
Last Prospectus Date 8/31/2022
Attributes
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

Asset Allocation

As of March 29, 2023.
Type % Net % Long % Short
Cash 30.26% Upgrade Upgrade
Stock 67.44% Upgrade Upgrade
Bond 2.06% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.24% Upgrade Upgrade

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 Small Cap/Growth
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Event Driven
Category Index Morningstar Mod Con Tgt Risk TR USD
Global Category Name Market Neutral
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Growth
Fund Owner Firm Name IndexIQ
Prospectus Benchmark Index
IQ Hedge Merger Arbitrage TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Greg Barrato 12.01 yrs
James Harrison 4.84 yrs

Fund Details

Key Dates
Inception Date 11/17/2009
Last Annual Report Date 4/30/2022
Last Prospectus Date 8/31/2022
Attributes
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

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