MNA:ARCA-IQ Merger Arbitrage

ETF | Market Neutral | NYSE Arca

Last Closing

USD 31.89

Change

-0.03 (-0.09)%

Market Cap

USD 0.14B

Volume

0.15M

Analyst Target

N/A
Analyst Rating

N/A

ducovest Verdict

Verdict

About

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.

Inception Date: 17/11/2009

Primary Benchmark: IQ Hedge Merger Arbitrage TR USD

Primary Index: BBgBarc US Agg Bond TR USD

Gross Expense Ratio: 0.76%

Management Expense Ratio: 0.76 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2019-03-19 )

Largest Industry Peers for Market Neutral

Symbol Name Mer Price(Change) Market Cap
BTAL AGFiQ U.S. Market Neutral Anti.. 0.00 %

N/A

USD 0.24B

ETFs Containing MNA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Market Neutral) Market Performance vs. Exchange (NYSE Arca)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 0.57% 63% D 12% F
Dividend Return N/A N/A N/A N/A F
Total Return 0.57% 63% D 10% F
Trailing 12 Months  
Capital Gain 3.71% 88% B+ 73% C
Dividend Return N/A N/A N/A N/A F
Total Return 3.71% 88% B+ 58% F
Trailing 5 Years  
Capital Gain 16.26% 100% F 64% D
Dividend Return 1.12% 60% D- 5% F
Total Return 17.38% 100% F 43% F
Average Annual (5 Year Horizon)  
Capital Gain 3.24% 100% F 62% D
Dividend Return 3.51% 88% B+ 43% F
Total Return 0.27% 50% F 7% C-
Risk Return Profile  
Volatility (Standard Deviation) 2.64% 88% B+ 95% A
Risk Adjusted Return 132.62% 100% F 95% A
Market Capitalization 0.14B 100% F 59% D-

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:
Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.