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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
Technology Services
Finance
Mutual fund
Stocks87.10%
Health Technology20.24%
Technology Services18.87%
Finance10.80%
Non-Energy Minerals7.45%
Industrial Services5.50%
Electronic Technology5.48%
Retail Trade5.35%
Producer Manufacturing4.29%
Health Services2.33%
Process Industries1.81%
Transportation1.19%
Commercial Services1.18%
Consumer Durables0.76%
Utilities0.70%
Energy Minerals0.63%
Consumer Services0.32%
Consumer Non-Durables0.19%
Bonds, Cash & Other12.90%
Mutual fund12.70%
Cash0.17%
Miscellaneous0.03%
Top 10 holdings
Dividends
Dividend payout history