Get started
NYLI Merger Arbitrage ETFNYLI Merger Arbitrage ETFNYLI Merger Arbitrage ETF

NYLI Merger Arbitrage ETF

No trades
See on Supercharts
Overview
Analysis Holdings News Ideas Discussions Technicals Seasonals Options

MNA chart


Full chart

Key stats


Assets under management (AUM)
‪228.77 M‬ USD
Fund flows (1Y)
‪−79.98 M‬ USD
Dividend yield (indicated)
—
Discount/Premium to NAV
1.009%
Shares outstanding
‪6.70 M‬
Expense ratio
0.77%

About NYLI Merger Arbitrage ETF


Issuer
New York Life Insurance Co.
Brand
New York Life Investments
Home page
nylinvestments.com
Inception date
Nov 17, 2009
Structure
Open-Ended Fund
Index tracked
IQ Merger Arbitrage Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
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 time, and the approach hopes to reduce expenses since it avoids 100% short positions. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Merger arbitrage
Strategy
Multi-factor
Geography
Global
Weighting scheme
Multi-factor
Selection criteria
Multi-factor

MNA analysis


What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Technology Services
Stocks98.86%
Finance15.57%
Technology Services15.17%
Utilities9.78%
Producer Manufacturing9.67%
Transportation6.69%
Communications6.62%
Electronic Technology6.40%
Non-Energy Minerals5.75%
Consumer Non-Durables4.61%
Consumer Services4.13%
Commercial Services4.06%
Retail Trade3.03%
Distribution Services2.94%
Energy Minerals2.07%
Health Technology1.65%
Industrial Services0.52%
Bonds, Cash & Other1.14%
Mutual fund1.33%
Miscellaneous0.01%
Cash−0.20%

MNA news



Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to MNA via country, focus, and more.