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Dividend Vision

MNA — IQ Merger Arbitrage ETF

IQ Merger Arbitrage ETF (MNA)

MNA carries a 0.77% expense ratio. Total return is 56.6% over the past 16.7 years, 782.8 points behind SPY at 839.4%. Its deepest 1-year drawdown was 1.4%.

IQ Merger Arbitrage ETF is an ETF that tracks an index of equity securities in companies involved in announced mergers, acquisitions, and other buyout-related transactions across developed markets. The fund employs a systematic investment process to identify these opportunities and maintains a non-diversified portfolio with an expense ratio of 0.77%. The fund does not currently distribute income to shareholders and may appeal to investors seeking exposure to merger arbitrage strategies rather than traditional dividend income.

MNA key facts

Issuer
New York Life Investments
Asset type
ETF
Asset class
Equity
Inception date
11/17/2009
Expense ratio
0.77%
Distribution frequency
Annual
Last close
$36.85
AUM
$252,134,394
Average volume
13806.0
Ex-dividend date
12/28/2023
Payment date
01/05/2024
Beta
0.01
P/E ratio
20.2328