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IQ Merger Arbitrage ETF
ETF
MNA
Payout Change
Pending
Price as of:
$30.77
-0.09
-0.29%
primary theme
N/A
MNA (ETF)
IQ Merger Arbitrage ETF
Payout Change
Pending
Price as of:
$30.77
-0.09
-0.29%
primary theme
N/A
MNA (ETF)
IQ Merger Arbitrage ETF
Payout Change
Pending
Price as of:
$30.77
-0.09
-0.29%
primary theme
N/A
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-2.0%
1 yr return
-2.3%
3 Yr Avg Return
-2.2%
5 Yr Avg Return
0.2%
Net Assets
$298 M
Holdings in Top 10
61.0%
52 WEEK LOW AND HIGH
$30.9
$30.77
$31.93
Expenses
OPERATING FEES
Expense Ratio 0.77%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MNA - Profile
Distributions
- YTD Total Return -2.0%
- 3 Yr Annualized Total Return -2.2%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.94%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameIQ Merger Arbitrage ETF
-
Fund Family NameIndexIQ
-
Inception DateNov 17, 2009
-
Shares Outstanding18400000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Barrato
Fund Description
| a. | In the first paragraph, the fourth sentence is deleted in its entirety and replaced with the following: |
To be included in the Underlying Index, the announced transaction must be classified as friendly with the target company’s board recommending that shareholders accept the offer and meet minimum size, liquidity and spread requirements. In addition, for transactions that involve an exchange of stock, the Underlying Index includes short exposure to the stock expected to be received by shareholders of the target company.
| b. | After the first paragraph, the following is added as a new paragraph: |
The Underlying Index reconstitutes and rebalances monthly and component securities are weighted based on their market capitalization ranking, with a maximum component weight of 7.5% at the time of rebalance. Component securities are removed from the Underlying Index when (i) the transaction closes, (ii) the transaction is terminated or abandoned, if more than one year has elapsed since the transaction’s announcement, or (iii) if the transaction no longer meets the Underlying Index’s spread and price requirements.
MNA - Performance
Return Ranking - Trailing
| Period | MNA Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.0% | -11.6% | 15.8% | 81.00% |
| 1 Yr | -2.3% | -33.0% | 41.7% | 29.13% |
| 3 Yr | -2.2%* | -10.5% | 13.4% | 53.06% |
| 5 Yr | 0.2%* | -4.8% | 11.1% | 51.81% |
| 10 Yr | 1.8%* | -4.6% | 7.6% | 41.18% |
* Annualized
Return Ranking - Calendar
| Period | MNA Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.0% | -31.7% | 23.2% | 44.90% |
| 2022 | -1.6% | -20.7% | 10.7% | 13.40% |
| 2021 | -3.2% | -12.4% | 14.7% | 15.56% |
| 2020 | 0.4% | -13.2% | 12.9% | 8.86% |
| 2019 | 4.7% | -11.7% | 7.9% | 15.71% |
Total Return Ranking - Trailing
| Period | MNA Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.0% | -11.7% | 15.8% | 78.00% |
| 1 Yr | -2.3% | -33.0% | 41.7% | 25.24% |
| 3 Yr | -2.2%* | -10.5% | 13.4% | 48.98% |
| 5 Yr | 0.2%* | -4.8% | 11.1% | 48.19% |
| 10 Yr | 1.8%* | -4.6% | 7.6% | 41.18% |
* Annualized
Total Return Ranking - Calendar
| Period | MNA Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.2% | -31.7% | 23.2% | 44.90% |
| 2022 | -1.6% | -20.7% | 10.7% | 13.40% |
| 2021 | -3.2% | -12.4% | 14.7% | 24.44% |
| 2020 | 2.7% | -12.7% | 12.9% | 17.72% |
| 2019 | 4.7% | -11.5% | 13.2% | 22.86% |
MNA - Holdings
Concentration Analysis
| MNA | Category Low | Category High | MNA % Rank | |
|---|---|---|---|---|
| Net Assets | 298 M | 105 K | 12.6 B | 22.12% |
| Number of Holdings | 57 | 5 | 2526 | 79.81% |
| Net Assets in Top 10 | 193 M | -619 M | 6.53 B | 11.54% |
| Weighting of Top 10 | 60.99% | 7.6% | 96.1% | 10.98% |
Top 10 Holdings
- Dreyfus Institutional Preferred Government Money Market Fund 10.58%
- Karuna Therapeutics Inc 6.13%
- United States Steel Corp 5.98%
- Splunk Inc 5.81%
- Hess Corp 5.74%
- ImmunoGen Inc 5.73%
- Pioneer Natural Resources Co 5.69%
- Westrock Co 5.61%
- Capri Holdings Ltd 4.86%
- JSR Corp 4.85%
Asset Allocation
| Weighting | Return Low | Return High | MNA % Rank | |
|---|---|---|---|---|
| Stocks | 86.25% | -57.09% | 325.56% | 3.85% |
| Cash | 14.97% | -225.56% | 102.75% | 98.08% |
| Other | 0.38% | -11.90% | 43.69% | 90.38% |
| Preferred Stocks | 0.00% | 0.00% | 5.67% | 79.81% |
| Convertible Bonds | 0.00% | 0.00% | 95.47% | 84.62% |
| Bonds | 0.00% | -1.04% | 63.30% | 82.69% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MNA % Rank | |
|---|---|---|---|---|
| Technology | 31.74% | 0.00% | 100.00% | 13.98% |
| Industrials | 16.41% | 0.00% | 27.58% | 46.24% |
| Communication Services | 11.39% | 0.00% | 33.72% | 75.27% |
| Healthcare | 9.67% | 0.00% | 27.28% | 9.68% |
| Financial Services | 8.47% | 0.00% | 98.37% | 50.54% |
| Real Estate | 7.98% | 0.00% | 93.91% | 70.97% |
| Consumer Cyclical | 6.93% | 0.00% | 29.06% | 52.69% |
| Energy | 5.32% | 0.00% | 53.30% | 73.12% |
| Basic Materials | 1.30% | 0.00% | 42.74% | 75.27% |
| Utilities | 0.77% | 0.00% | 66.28% | 26.88% |
| Consumer Defense | 0.00% | 0.00% | 30.58% | 51.61% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MNA % Rank | |
|---|---|---|---|---|
| US | 76.21% | -55.82% | 325.56% | 3.85% |
| Non US | 10.04% | -7.09% | 86.98% | 12.50% |
MNA - Expenses
Operational Fees
| MNA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.77% | 0.73% | 9.52% | 97.09% |
| Management Fee | 0.75% | 0.13% | 1.65% | 20.19% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.95% |
| Administrative Fee | N/A | 0.06% | 0.40% | N/A |
Sales Fees
| MNA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MNA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MNA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 30.00% | 483.00% | 77.53% |
MNA - Distributions
Dividend Yield Analysis
| MNA | Category Low | Category High | MNA % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.23% | 0.00% | 0.75% | 71.15% |
Dividend Distribution Analysis
| MNA | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| MNA | Category Low | Category High | MNA % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.94% | -2.49% | 4.20% | 32.04% |
Capital Gain Distribution Analysis
| MNA | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jan 05, 2024 | $0.378 | OrdinaryDividend |
| Jan 07, 2021 | $0.766 | OrdinaryDividend |
| Jan 04, 2017 | $0.061 | OrdinaryDividend |
| Jan 05, 2016 | $0.245 | OrdinaryDividend |
| Jan 03, 2014 | $0.264 | OrdinaryDividend |
| Jan 04, 2013 | $0.049 | OrdinaryDividend |
| Dec 30, 2010 | $0.011 | OrdinaryDividend |
| Dec 30, 2009 | $0.002 | OrdinaryDividend |
MNA - Fund Manager Analysis
Managers
Greg Barrato
Start Date
Tenure
Tenure Rank
Feb 28, 2011
11.26
11.3%
Mr. Barrato has managed the MainStay VP IQ Hedge Multi-Strategy Portfolio since inception. Mr. Barrato joined IndexIQ Advisors LLC as a Vice President in November 2010 and has been a Senior Vice President of the IndexIQ Advisors LLC since August 2013. Prior to joining IndexIQ Advisors LLC, Mr. Barrato served as Head Global Equity Trader and Trader at Lucerne Capital Management, LLC from 2008 to 2010 and as Assistant Trader and Operations Manager at ReachCapital Management, LP from 2004 to 2008. Mr. Barrato is a 2002 graduate of the University of Connecticut.
James Harrison
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
James Harrison has been a member of the portfolio management team of IndexIQ Advisors LLC since 2015. Prior to joining IndexIQ, Mr. Harrison served as trading assistant, operations specialist and sales assistant at Cuttone & Company from 2010 to 2015. Mr. Harrison is a graduate of St. Lawrence University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.59 | 6.3 | 9.42 |
