MNA
IQ Merger Arbitrage ETF
IQ Hedge Merger Arbitrage TR USD
NAV as of
4 Week: 30.84 - 31.52
52 Week: 30.16 - 32.18
Latest Closing Price
31.09
Premium / Discount
-0.35
Expense Ratio
0.76%
Investment Objective
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.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | -2.02 | 0.33 | -6.03 |
| 1 Day | 0.13 | 0.00 | 0.00 |
| 1 Week | 0.61 | 0.27 | 2.26 |
| 1 Month | -1.36 | 1.70 | -0.80 |
| 3 Months | -1.74 | 2.58 | -0.67 |
| 6 Months | -1.61 | 3.73 | -0.43 |
| 1 Year | -2.48 | 6.01 | -0.41 |
| 2 Years | -5.79 | 7.47 | -0.77 |
| 3 Years | 4.22 | 10.97 | 0.39 |
| 5 Years | 1.01 | 17.97 | 0.06 |
| 10 Years | 21.64 | 22.42 | 0.97 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 7.6596 | 5.2830 | 1.2722 | 4.8603 | 5.8683 | 2.0900 | 4.6193 | 2.8668 | -3.2715 | -1.4937 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 35.0000 | 14.0000 | 30.0000 | 33.0000 | 21.0000 | 44.0000 | 68.0000 | 72.0000 | 100.0000 | 59.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 27/12/2016 | 03/01/2017 | 0.0613 |
| 26/12/2013 | 02/01/2014 | 0.2637 |
| 26/12/2012 | 03/01/2013 | 0.0488 |
| 22/12/2010 | 29/12/2010 | 0.0114 |
| 22/12/2009 | 29/12/2009 | 0.0016 |
Portfolio Data
Total Number of Holdings: 64
Number of Bond Holdings: 0
Number of Equity Holdings: 38
Total Market Value: 524,637,794
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | TravelCenters Of America Inc | 6.1447 | 324,607 | 0 | 27,990,862 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 0.00 |
| Large | 0.00 |
| Medium | 26.02 |
| Small | 40.40 |
| Micro | 18.76 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
17.3551
Price/Book*
2.8865
Price/Sales*
0.5854
Price/Cash Flow*
7.1943
Dividend Yield*
0.6875
Growth Measures
Long-Term Earnings
7.5941
Historical Earnings
13.6655
Sales Growth
9.3139
Cash-Flow Growth
-7.5431
Book-Value Growth
7.0006
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
0
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 0.56 |
| Average Effective Maturity (Years)* | 0.42 |
| Average Credit Quality | 5.00 |
| Average Weighted Coupon* | 2.01 |
| Average Weighted Price* | 0 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 69.33 |
| AA | 3.20 |
| A | 12.20 |
| BBB | 14.98 |
| BB | 0.10 |
| B | 0.00 |
| Below B | 0.00 |
| Not Rated | 0.20 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 0.00 |
| 3 to 5 Years | 0.00 |
| 5 to 7 Years | 0.00 |
| 7 to 10 Years | 0.00 |
| 10 to 15 Years | 0.00 |
| 15 to 20 Years | 0.00 |
| 20 to 30 Years | 0.00 |
| Over 30 Years | 0.00 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.22 |
| 183 to 364 Days | 0.11 |
Data Source: Morningstar
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(4) are provided solely for informational purposes;
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Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
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