Fund Evaluator:
NYLI Merger Arbitrage ETF (MNA)
Follow This Fund
Alternative Strategies
Global Asset Class
Alternative
Fund Group
Event Driven
Category
$32.005
NAV (as of Oct 07)
$0.00
Minimum Initial
0.77% B
Expense Ratio
$251 Mil
Assets
Open
Status
0.00%
12b-1 Fee
0.00%
TTM Yield
0.00%
Max Load
335%
Portfolio Turnover
Best Performing in Event Driven Over the Last Year
| 5.1% | NexPoint Merger Arbitrage Z (HMEZX) |
| -1.5% | NexPoint Event Driven Z (HHCZX) |
Data as of 7/31/2026
0.1% C
1-Mo Return
0.2% F
3-Mo Return
1.6% F
YTD Return
2.9% F
1-Yr Return
5.8% C
3-Yr Return
2.1% F
5-Yr Return
0.59 A
Category Risk Index
0.23
Total Risk Index
Fund Details
Fund Family
New York Life Investment Management LLC
Inception Date
11/17/2009
Share Class Type
Equity Investment Style
Mid-Cap
Blend
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
Yes
Benchmark Index
MSCI World NR USD: 100%
Additional Fund Details
NYLI Merger Arbitrage ETF Overview
MNA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MNA Return (NAV) | 0.1% | 0.2% | 2.9% | 5.8% | 2.1% | 2.9% |
| MNA Grade | C | F | F | C | F | F |
| +/- Category | 0.1% | -0.5% | -3.1% | -0.5% | -1.8% | -1.5% |
| Event Driven Avg | 0.0% | 0.7% | 6.0% | 6.3% | 3.9% | 4.4% |
| MNA Tax Cost Ratio | na | na | 0.0% | 0.2% | 0.1% | 0.2% |
MNA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MNA Return (NAV) | 1.6% | 8.6% | 5.0% | 0.4% | -1.5% | -3.3% | 2.9% | 4.6% | 2.1% | 5.9% | 4.9% |
| MNA Grade | F | C | C | F | B | F | D | D | B | A | A |
| +/- Category | -0.8% | -0.3% | 0.8% | -4.4% | 0.1% | -5.7% | -4.8% | -2.4% | -1.0% | 1.3% | 2.0% |
| Event Driven Avg | 2.4% | 8.9% | 4.2% | 4.8% | -1.6% | 2.4% | 7.7% | 7.0% | 3.1% | 4.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 2.8% |
| Total Risk Index: | 0.23 - Low |
| Category Risk Index: | 0.59 - Below Average |
| Category Risk Grade: | B (29% Rank) |
| Beta: | 0.01 |
| R-Squared: | 0% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $251 Mil |
| Fund Total Assets: | $ 252 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 335% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 15.4 years | |||
| Average Tenure: 9.1 years | |||
| Managers (Year): Barrato Greg (2011), Ok Francis (2023) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 112 |
| % in Top 10 Holdings: | 47.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 26.3% |
Portfolio Allocation |
|
| Domestic Stock: | 40.6% |
| Foreign Stock: | 26.3% |
| Preferred Stock: | 8.2% |
| Domestic Bond: | 3.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 21.0% |
Purchase Information
| Fund Family: | New York Life Investment Management LLC |
| Phone Number: | 888-474-7725 |
| Website: | www.indexiq.com |
| Status: | Open |
| Inception Date: | November 17, 2009 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.77% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.92% |
| Share Class: | NYLI Merger Arbitrage ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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