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