IQ Merger Arbitrage ETF (MNA)
31.59
+0.18
(+0.57%)
USD |
NYSEARCA |
Mar 30, 16:00
31.57
-0.02
(-0.06%)
After-Hours: 20:00
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
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
Risk
Performance Versus Category
As of March 30, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 30, 2023.
Asset Allocation
Top 10 Holdings
Name | % Weight | Price | % Change |
---|---|---|---|
Oak Street Health Inc Ordinary Shares | 5.66% | 38.70 | 4.57% |
TravelCenters Of America Inc | 5.53% | 86.31 | 0.29% |
Horizon Therapeutics PLC | 5.39% | 109.24 | 0.32% |
Evoqua Water Technologies Corp | 5.39% | 48.73 | 0.95% |
Albertsons Companies Inc Class A | 5.11% | 20.50 | 0.89% |
iShares Short Treasury Bond ETF | 4.51% | 110.49 | 0.02% |
SPDR® Blmbg 1-3 Mth T-Bill ETF | 4.51% | 91.84 | 0.02% |
Aerojet Rocketdyne Holdings Inc | 4.42% | 56.15 | 0.45% |
Maxar Technologies Inc | 4.40% | 50.94 | 0.18% |
Focus Financial Partners Inc Class A | 3.75% | 51.85 | -0.15% |
News
Headline
Wire
Time (ET)
SA Breaking News
12/31 11:47
Business Wire
10/03 12:31
PR Newswire
04/30 10:06
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 |
|
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 |
News
Headline
Wire
Time (ET)
SA Breaking News
12/31 11:47
Business Wire
10/03 12:31
PR Newswire
04/30 10:06