MNANYLI Merger Arbitrage ETF

Diversifier16y track recordRanked #61 of 248 in this goal

Seeks investment results that correspond to the price and yield performance of the NYLI Merger Arbitrage Index.

By New York Life Investment Management LLC · Launched 2009

Annual Cost

0.77%

#3,922 of 5,576 · expensive

Fund Size

$250M

#2,140 of 5,576 · mid-size

Return (1Y)Goal

+3.5%

Track Record

16 years

#715 of 5,576 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,300+3.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Arbitrage

Index tracked

NYLI Merger Arbitrage Index

What it actually holds

By weight

Concentration

Top 10 holdings = 43.0% of fundmoderately concentrated

Dreyfus Institutional Preferred Government Money Market Fund

9.5%

Teck Resources Ltd

4.7%

Electronic Arts Inc

3.9%

Norfolk Southern Corp

3.8%

JDE Peet's NV

3.7%

Chart Industries Inc

3.6%

TXNM Energy Inc

3.5%

Northwestern Energy Group Inc

3.5%

CyberArk Software Ltd

3.4%

Dayforce Inc

3.3%

Asset allocation

Stocks

72.3%

Cash

20.1%

Preferred

8.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.8%Low

Year-on-year price swings

Max drawdown

-16.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.45Below average

Sortino (3Y)

0.65Moderate downside risk

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks investment results that correspond to the price and yield performance of the NYLI Merger Arbitrage Index.
Strategy: Employs a passive management approach to track the NYLI Merger Arbitrage Index, which identifies opportunities in companies involved in announced mergers and acquisitions. The index capitalizes on the price spread between target company stocks and buyout prices, reconstituting monthly.
Inception date: November 17, 2009
Fund family: New York Life Investment Management LLC