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Trending ETFs

Name

As of 11/06/2024

Price

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

$32.93

$298 M

1.15%

$0.38

0.77%

Vitals

YTD Return

4.8%

1 yr return

7.0%

3 Yr Avg Return

0.8%

5 Yr Avg Return

0.8%

Net Assets

$298 M

Holdings in Top 10

51.2%

52 WEEK LOW AND HIGH

$32.9
$30.77
$32.99

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 11/06/2024

Price

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

$32.93

$298 M

1.15%

$0.38

0.77%

MNA - Profile

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    NYLI Merger Arbitrage ETF
  • Fund Family Name
    IndexIQ
  • Inception Date
    Nov 17, 2009
  • Shares Outstanding
    18400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Barrato

Fund Description

p id="xdx_A8E_err--StrategyNarrativeTextBlock_gRBSNTB-RZV_z2NfqOoRc7r9" style="font: 9pt/11.5pt Arial, sans-serif; margin: 0pt 0pt 9pt; -sec-ix-redline: true; text-transform: none; color: #000000; text-indent: 0pt; text-align: justify"span style="text-transform: none"The Fund employs a “passive management” — or indexing — investment approach designed to track the performance of the/spanspan style="text-transform: none" Underlying Index. The Advisor is the index provider for the Underlying Index. The Underlying Index seeks to employ a systematic investment/spanspan style="text-transform: none" process designed to identify opportunities in companies whose equity securities/spanspan style="text-transform: none" trade in developed markets, including the U.S., and which are involved/spanspan style="text-transform: none" in announced /spanspan style="text-transform: none"mergers, acquisitions and other buyout-related transactions. The Underlying Index seeks to capitalize on the /spanspan style="text-transform: none"spread between the current market price of the target company’s stock and the price received by the holder of that stock upon consummation of the buyout-related transaction. 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 /spanspan style="text-transform: none"target company./span/p p style="font: 9pt/11.5pt Arial, sans-serif; margin: 0pt 0pt 9pt; -sec-ix-redline: true; text-transform: none; color: #000000; text-indent: 0pt; text-align: justify"span style="text-transform: none"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. /spanspan style="text-transform: none"Component securities are removed from the Underlying Index when (i) the transaction closes, (ii) the transaction /spanspan style="text-transform: none"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 /spanspan style="text-transform: none"price requirements./span/p p style="font: 9pt/11.5pt Arial, sans-serif; margin: 0pt 0pt 9pt; -sec-ix-redline: true; text-transform: none; color: #000000; text-indent: 0pt; text-align: justify"span style="text-transform: none"The Fund invests, under normal/spanspan style="text-transform: none" circumstances, at least 80% of its net assets, plus the/spanspan style="text-transform: none" amount of any borrowings for investment purposes, in the investments included in its Underlying Index (“Underlying Index Components”). The Underlying Index consists of a number of Underlying Index Components selected in accordance with its rules-based methodology. Such Underlying Index Components/spanspan style="text-transform: none" will include primarily U.S. and non-U.S. equity securities. Under certain /spanspan style="text-transform: none"circumstances/spanspan style="text-transform: none" described below, the Underlying Index Components may also include U.S. Treasury bills. In/spanspan style="text-transform: none" addition, the Fund may invest up to 20% of its/spanspan style="text-transform: none" net assets in investments not included in its Underlying Index, but which the Advisor believes will help the Fund track the Underlying Index. The Fund may also invest in one or more financial instruments, including but not limited to futures contracts and swap agreements (collectively, /spanspan style="text-transform: none"“Financial Instruments”)./span/p p style="font: 9pt/11.5pt Arial, sans-serif; margin: 0pt 0pt 9pt; -sec-ix-redline: true; text-transform: none; color: #000000; text-indent: 0pt; text-align: justify"span style="text-transform: none"Pursuant to the Underlying Index’s rules, to the extent there are an insufficient number of target companies in which to invest, insufficient liquidity exists in such companies, or target companies are removed from the Underlying Index between monthly reconstitutions,/spanspan style="text-transform: none" the Underlying Index will allocate the available cash to one or more short-term fixed income ETFs and U.S. Treasury bills. In seeking to track the Underlying Index, the Fund may similarly invest in short-term fixed income ETFs and U.S. Treasury bills, but also may invest in cash and other similar investments including money market instruments, high-quality short-term debt securities, or derivative securities thereon. To the /spanspan style="text-transform: none"extent/spanspan style="text-transform: none" the Fund invests in cash and cash equivalents, the Fund will not be pursuing a merger arbitrage strategy. During periods of market turbulence, natural disasters, health emergencies and other market or political or regulatory conditions that reduce or limit merger, acquisition and buyout activity, there may be fewer target companies eligible for inclusion in the Underlying Index and the Underlying Index and Fund may have significant investments in cash and other /spanspan style="text-transform: none"similar investments./span/p p style="font: 9pt/11.5pt Arial, sans-serif; margin: 0pt 0pt 9pt; text-transform: none; color: #000000; text-indent: 0pt; text-align: justify"span style="text-transform: none"The Underlying Index may include as a component one or more ETFs advised by the Advisor (“Affiliated ETFs”) and/spanspan style="text-transform: none" the Fund will typically invest in any Affiliated ETF included/spanspan style="text-transform: none" in the Underlying Index. The Fund also may invest in Affiliated ETFs that are not components of the index if such an investment will help the Fund track the /spanspan style="text-transform: none"Underlying Index./span/p
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MNA - Performance

Return Ranking - Trailing

Period MNA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -11.6% 15.8% 81.00%
1 Yr 7.0% -33.0% 41.7% 29.13%
3 Yr 0.8%* -10.5% 13.4% 53.06%
5 Yr 0.8%* -4.8% 11.1% 51.81%
10 Yr 2.3%* -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 4.8% -11.7% 15.8% 78.00%
1 Yr 7.0% -33.0% 41.7% 25.24%
3 Yr 0.8%* -10.5% 13.4% 48.98%
5 Yr 0.8%* -4.8% 11.1% 48.19%
10 Yr 2.3%* -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 71 5 2526 79.81%
Net Assets in Top 10 132 M -619 M 6.53 B 11.54%
Weighting of Top 10 51.17% 7.6% 96.1% 10.98%

Top 10 Holdings

  1. Dreyfus Institutional Preferred Government Money Market Fund 9.89%
  2. Discover Financial Services 7.18%
  3. ANSYS Inc 5.94%
  4. Catalent Inc 5.69%
  5. Juniper Networks Inc 4.95%
  6. HashiCorp Inc 4.36%
  7. iShares Short Treasury Bond ETF 3.65%
  8. DS Smith PLC 3.47%
  9. Marathon Oil Corp 3.14%
  10. Cerevel Therapeutics Holdings Inc 2.91%

Asset Allocation

Weighting Return Low Return High MNA % Rank
Stocks
89.99% -57.09% 325.56% 3.85%
Cash
11.19% -225.56% 102.75% 98.08%
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%
Other
-1.17% -11.90% 43.69% 90.38%

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
71.40% -55.82% 325.56% 3.85%
Non US
18.58% -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 1.15% 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

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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