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MNA
+0.44 · +1.24%
$36.05 · NYSE ARCA

IQ Merger Arbitrage ETF (MNA) ETF Analysis | Event Driven

New York Life Investment Management LLC · United States
AUM:$248.7M
#– of – in Event Driven ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 8.0% over the past year, showing positive momentum.

Cost Efficiency

Ongoing charge of 0.77% — above average for this category.

What is MNA?

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.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Positive 1-Year Return
MNA returned 8.0% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Expense ratio of 0.77% is above average. Verify whether the strategy justifies the cost.
Moderate Concentration
Top 10 holdings make up 40.8% of the ETF — a moderate level of name concentration.
ETF Information
AUM$248.7M
Expense Ratio0.77%
Dividend Yield0.00%
Holdings43
Inception DateNov 2009
DomicileUnited States
DistributionNA
Index–
ProviderNew York Life Investment Management LLC
Beta0.07
CategoryEvent Driven
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

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Compare Equity
Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+0.8%
1Y
+2.2%
3Y
+16.3%
5Y
+11.9%
OpenBook InsightIf you had invested £10,000 in MNA 5 years ago, it would have grown to £11,189 — a gain of £1,189.

Annual Returns

Calendar year performance

MNA delivered positive returns in 4 of the last 5 calendar years.
YearMNA
2026 YTD+2.0%
2025+8.2%
2024+4.8%
2023+0.2%
2022-1.5%
CAGR 4yr+2.9%
4/5 positive yearsAvg return: +2.7%Worst year: -1.5% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
4.2%
Low
Momentum
+0.3%
30-day change
Support Level
36.58
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.
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Openbook Analytics Ltd (Company No. SC843579) is registered in Scotland. Registered office: Strathclyde Inspire Hub, University of Strathclyde, Graham Hills Building (Level 6), 50 Richmond Street, Glasgow, G1 1XP. Openbook Analytics is not authorised or regulated by the Financial Conduct Authority (FCA). The content on this platform is provided for general informational and educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other form of advice. You should not treat any content on this platform as a recommendation to buy, sell, or hold any financial instrument. Past performance is not a reliable indicator of future results. The value of investments and the income from them can go down as well as up, and you may get back less than you invest. User-generated content, including community posts and commentary, reflects the personal opinions of individual users, is not verified for accuracy, and does not represent the views of Openbook Analytics Ltd. You should always conduct your own research or consult a qualified, FCA-regulated financial adviser before making investment decisions. Data displayed on this platform may be delayed or inaccurate and is provided "as is" without warranty. Openbook Analytics Ltd accepts no liability for any loss arising from reliance on the information provided.