Key stats
About IQ Merger Arbitrage ETF
Expense ratio
0.77%
Home page
Inception date
Nov 17, 2009
MNA aims to generate returns through a passive strategy that represents the global merger arbitrage activity. The fund takes long positions in stocks that are reported targets of takeovers or acquisitions and other buyout-related transactions. The underlying index seeks to capitalize on the spread between the target companys current market stock price and the price of that stock received by the holder from the buyout transaction. Rather than directly shorting the acquiring name, the fund partially offsets long stakes with broad equity indexes. The resulting net long equity position should aid in keeping correlations low over a period of time, and the approach hopes to reduce expenses since it avoids 100% short positions.
Classification
What's in the fund
Exposure type
Health Technology
Energy Minerals
Technology Services
Stocks95.26%
Health Technology16.09%
Energy Minerals15.85%
Technology Services15.31%
Finance9.46%
Non-Energy Minerals8.00%
Industrial Services6.93%
Electronic Technology6.39%
Retail Trade4.10%
Producer Manufacturing3.05%
Consumer Services2.89%
Health Services2.67%
Commercial Services1.36%
Transportation1.28%
Utilities0.83%
Consumer Durables0.82%
Consumer Non-Durables0.22%
Bonds, Cash & Other4.74%
Mutual fund4.48%
Cash0.22%
Miscellaneous0.03%