Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.77% -0.16% 299.44M 51316.97
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
1.20% 367.0% -181.11M 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 Mid Cap/Value
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 Merger Arbitrage TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Greg Barrato 13.01 yrs
Francis Ok 0.41 yrs

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)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of March 04, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
5.97%
2.13%
4.70%
2.71%
-3.24%
-1.61%
0.18%
0.19%
23.97%
-9.41%
26.60%
16.25%
18.54%
-18.36%
22.20%
5.72%
2.08%
3.42%
4.31%
1.99%
6.58%
-4.81%
4.94%
0.82%
6.17%
-3.32%
8.68%
5.72%
-0.16%
-8.69%
10.07%
1.50%
-0.11%
-1.59%
5.86%
-0.89%
8.03%
-6.90%
8.99%
-1.62%
--
--
22.04%
16.17%
10.57%
-27.78%
12.07%
3.57%
As of March 04, 2024.

Asset Allocation

As of March 01, 2024.
Type % Net % Long % Short
Cash 4.63% Upgrade Upgrade
Stock 87.86% Upgrade Upgrade
Bond 1.69% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 5.82% Upgrade Upgrade
Other -0.00% 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 Mid Cap/Value
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 Merger Arbitrage TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Greg Barrato 13.01 yrs
Francis Ok 0.41 yrs

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