MNA : IQ Merger Arbitrage ETF

MNA is a Alternatives Market Neutral with LOW fees.

MNA

IQ Merger Arbitrage ETF

FI Score

48 /100

Diversification Rating

0 /10

Expense Ratio Rating

9 /10

Expense Rating

2 /10

Market Score

8 /10

Category Score

0 /10

Market Size

8 /10

48% FI Score
  • mna
  • ETF
  • Alternatives
  • Neutral

IQ Merger Arbitrage ETF

Expenses: 0.77% (Better than 1% of similar funds)

This is a bad choice for a Neutral Alternatives fund. See why ยป

Fund Summary

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. The fund is non-diversified.

Largest Holdings

Amount Holding
7.65% Tiffany & Co
5.68% Willis Towers Watson PLC
5.65% E*TRADE Financial Corporation
5.65% Taubman Centers, Inc
4.99% Legg Mason, Inc
4.79% Fiat Chrysler Automobiles N.V

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