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Trending ETFs

Name

As of 05/17/2024

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

$31.11

$298 M

1.21%

$0.38

0.77%

Vitals

YTD Return

-1.0%

1 yr return

0.8%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

0.4%

Net Assets

$298 M

Holdings in Top 10

61.0%

52 WEEK LOW AND HIGH

$31.2
$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 05/17/2024

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

$31.11

$298 M

1.21%

$0.38

0.77%

MNA - Profile

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    IQ 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

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. 

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MNA - Performance

Return Ranking - Trailing

Period MNA Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -11.6% 15.8% 81.00%
1 Yr 0.8% -33.0% 41.7% 29.13%
3 Yr -1.9%* -10.5% 13.4% 53.06%
5 Yr 0.4%* -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 -1.0% -11.7% 15.8% 78.00%
1 Yr 0.8% -33.0% 41.7% 25.24%
3 Yr -1.9%* -10.5% 13.4% 48.98%
5 Yr 0.4%* -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

  1. Dreyfus Institutional Preferred Government Money Market Fund 10.58%
  2. Karuna Therapeutics Inc 6.13%
  3. United States Steel Corp 5.98%
  4. Splunk Inc 5.81%
  5. Hess Corp 5.74%
  6. ImmunoGen Inc 5.73%
  7. Pioneer Natural Resources Co 5.69%
  8. Westrock Co 5.61%
  9. Capri Holdings Ltd 4.86%
  10. 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 1.21% 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

View More +

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