MNA - IQ Merger Arbitrage ETF

Description: 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.

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MNA - Profile


Summary Data for MNA

52 Week Lo: $26.14 52 Week Hi: $28.26
AUM: $62.3 M Shares: 2.3 M
Avg. Volume (1 month) 15,183 Avg. Volume (3 month) 25,056
Filings Data as of:

MNA - Holdings

Top Ten Holdings

  1. MSCI EAFE Index Future Sept14: 26.00%
  2. E-mini S&P 500 Index Future Sept14: 25.76%
  3. Family Dollar Stores Inc FDO: 13.08%
  4. Hillshire Brands Co HSH: 10.71%
  5. Time Warner Inc TWX: 10.01%
  6. Directv DTV: 9.45%
  7. Covidien PLC COV: 8.56%
  8. iShares Short Treasury Bond: 7.51%
  9. Shire PLC SHPGF: 6.29%
  10. Allergan Inc AGN: 6.00%
%Assets in Top 10: 123.37%
Total Holdings: 57.0

MNA Asset Allocation


Asset Percentage
U.S. Stocks 79.39%
International Stocks -10.78%
U.S. Bonds 0.0%
International Bonds 0.0%
Preferred Stock -0.11%
Convertibles 0.0%
Cash 31.52%
Other -0.02%
© 2014 Morningstar Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

MNA - Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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MNA - Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of MNA relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

MNA - Fundamentals

MNA Performance

1 Week Return: -1.91%
2 Week Return: -2.27%
4 Week Return: -1.56%
13 Week Return: -2.93%
26 Week Return: 0.52%
YTD Return: 2.30%
1 Year Return: 2.76%
3 Year Return: 13.00%
5 Year Return: n/a

MNA Expenses & Fees

  • Expense Ratio: 0.77%
  • Category: Hedge Fund
  • Category Range: 0.45% to 1.64%
  • Category Average: 0.79%

MNA Valuation

P/E Ratio: n/a
Beta: 0.69
20 Day Moving Average: $27.46
60 Day Moving Average: $27.50

MNA Dividend

Annual Dividend Rate: $0.26
Dividend Date: 2013-12-27
Dividend: $0.26
Annual Dividend Yield %: 0.98%

MNA Volatility

5 Day Volatility: 18.44%
20 Day Volatility: 11.50%
50 Day Volatility: 8.41%
200 Day Volatility: 8.10%
Standard Deviation: 0.43%

MNA - Technicals

MNA Technicals

20 Day MA: $27.46
60 Day MA: $27.50
MACD 15 Period: -0.31
MACD 100 Period: -0.40
Williams % Range 10 Day: 59.36
Williams % Range 20 Day: 59.36
RSI 10 Day: 41
RSI 20 Day: 44
RSI 30 Day: 45
Ultimate Oscillator: 43

MNA Bollinger Bands

Lower Bollinger (10 Day): $26.76
Upper Bollinger (10 Day): $28.08
Lower Bollinger (20 Day): $26.97
Upper Bollinger (20 Day): $27.96
Lower Bollinger (30 Day): $27.08
Upper Bollinger (30 Day): $27.92

MNA Support & Resistance

Support Level 1: $26.98
Support Level 2: $26.80
Resistance Level 1: $27.36
Resistance Level 2: $27.56

MNA Stochastic

Stochastic Oscillator %D (1 Day): 55.12
Stochastic Oscillator %D (5 Day): 39.35
Stochastic Oscillator %K (1 Day): 53.47
Stochastic Oscillator %K (5 Day): 34.13

MNA Volatility

5 Day Volatility: 18.44%
20 Day Volatility: 11.50%
50 Day Volatility: 8.41%
200 Day Volatility: 8.10%
Standard Deviation: 0.43%

MNA - ETFdb Realtime Rating & Analyst Report

MNA is a passive ETF that seeks to replicate 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.

ETFdb Category Expense Ratio Inception Date Issuer Structure YTD Return *
Hedge Fund 0.77 2009-11-17 IndexIQ ETF +2.30%

MNA Realtime Rating: By Metric

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+
Expenses B-
Performance ETFdb Pro Members Only
Volatility ETFdb Pro Members Only
Dividend ETFdb Pro Members Only
Concentration ETFdb Pro Members Only

The first adjacent table gives investors an individual Realtime Rating for MNA on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Hedge Fund ETFdb Category with the highest Metric Realtime Rating for each individual field.

MNA Realtime Rating: Overall

ETFdb Rating Type Overall Rating A+ Overall Rated ETF
Realtime Rating (Overall) ETFdb Pro Members Only ETFdb Pro Members Only

The second table shows the overall Realtime Rating for MNA, as well as the A+ Overall Rated ETF in MNA's Category. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

ETFdb Analyst Report for MNA

This ETF offers exposure to a merger arbitrage strategy that has been popular among hedge funds and other sophisticated investors for decades. By seeking to capture the gap between the ultimate transaction price and current price levels for takeover targets, MNA is capable of delivering relativel...

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