IQ Merger Arbitrage ETF (MNA)

31.94 -0.15  -0.47% NYSE Arca Aug 11, 16:59 USD
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Key Stats

Net Asset Value 32.03
Discount or Premium to NAV 0.20%
Turnover Ratio 308.0%
1 Year Fund Level Flows -254.69M

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 1.01% 0.92% 1.02% 50
3M 0.31% 0.22% 1.39% 58
6M -2.90% -3.09% -0.99% 70
YTD -3.34% -3.37% -0.86% 67
1Y 1.04% 0.70% -0.42% 52
3Y 1.91% 1.80% 0.68% 54
5Y 2.67% 2.67% 0.90% 34
10Y 2.55% 2.52% 0.94% 44
15Y -- -- 1.75% --
20Y -- -- 2.54% --
As of Aug. 10, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 2.35% 2.99% 0.65%
Stock 96.80% 96.80% 0.00%
Bond 2.08% 2.22% 0.14%
Convertible 0.02% 0.02% 0.00%
Preferred 0.00% 0.00% 0.00%
Other -1.25% 42.60% 43.85%
As of Aug. 10, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
VSLR Vivint Solar Inc 6.21% 23.36 -9.84%
NBL Noble Energy Inc 5.82% 10.65 -0.37%
DLPH Delphi Technologies PLC 5.60% 17.78 +3.13%
-- Ishares Phlx Semiconducto 5.56% -- --
GRUB GrubHub Inc 5.55% 73.78 -1.44%
-- Ishares Phlx Semiconducto -5.49% -- --
MXIM Maxim Integrated Products Inc 5.45% 68.77 -0.20%
TIF Tiffany & Co 5.35% 124.89 -0.23%
-- Recv Vgk Swap Short Ml -5.25% -- --
-- Recv Vgk Short -5.25% -- --
As of Aug. 10, 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 High Quality/Limited Sensitivity
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 9.43 yrs
James Harrison 2.26 yrs

Net Fund Flows

1M -6.378M
3M -47.15M
6M -232.76M
YTD -194.47M
1Y -254.69M
3Y 416.30M
5Y 520.32M
10Y 635.07M
As of July 31, 2020

Risk Info

Beta (5Y) 0.2107
Max Drawdown (All) 16.68%
Historical Sharpe Ratio (10Y) 0.371
Historical Sortino (All) 0.3242
30-Day Rolling Volatility 5.50%
Daily Value at Risk (VaR) 1% (All) 1.36%
Monthly Value at Risk (VaR) 1% (All) 5.19%

Comparables

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Attributes

Key Dates
Inception Date 11/17/2009
Termination Date
Last Annual Report Date 4/30/2020
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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