MNA

Fund Description
The IQ Merger Arbitrage ETF seeks to track before fees and expenses the performance of the IQ Merger Arbitrage Index. The Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. This differentiated approach is based on a passive strategy of owning certain announced takeover targets with the goal of generating returns that are representative of global merger arbitrage activity. The Index also includes short exposure to global equities as a partial equity market hedge. Merger arbitrage is a directional hedge fund strategy. The IQ Merger Arbitrage ETF is not a hedge fund and does not invest in hedge funds.
Fund Profile
Fund Name IQ Merger Arbitrage ETF
Fund Exchange Ticker MNA
Fund Sponsor Index IQ
Fund ISIN US45409B8000
Net Expense Ratio 0.78 %
Fund Inception Date 17 November 2009
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Other Asset Types
Index Linked Passive
Index Name IQ Merger Arbitrage Index
Index Provider IndexIQ
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Key Statistics
Return As of Date 15 March 2019
Asset Under Management 988.43 Million (USD)
1 Month Total Return 0.13 %
Year To Date Return 0.82 %
1 Year Total Return 3.46 %
3 Year Annualized Total Return 3.80 %
NAV 31.9365
Share Outstanding 30,950,000
Top 10 Holdings (15 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
RED HAT INC RHT EQUI 0.0876646161
SPARK THERAPEUTICS INC ONCE EQUI 0.0761998075
SUNTRUST BANKS INC STI EQUI 0.0719620309
FIRST DATA CORP- CLASS A FDC EQUI 0.0712530008
L3 TECHNOLOGIES INC LLL EQUI 0.0686741206
CELGENE CORP CELG EQUI 0.0684442160
ULTIMATE SOFTWARE GROUP INC ULTI EQUI 0.0543180381
ARRIS INTERNATIONAL PLC ARRS EQUI 0.0497753178
ELLIE MAE INC ELLI EQUI 0.0476671866
INTEGRATED DEVICE TECH INC IDTI EQUI 0.0476446372