ETF Quote Details
|NAV (month end)||26.99|
|Premium (+)/Discount (-) (month end)||-0.26|
Zacks Premium Research for MNA
|Zacks ETF Rank [?]||Not rated 0|
|ETF Risk [?]||NA|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
Zacks Premium - The only way to get access to the Zacks Rank
ETF Expense Ratio
|Dividend (Yield)||$0.05 (0.18%)|
The IQ Merger Arbitrage Index seeks to achieve capital appreciation by investing in global companies for which there has been a public announcement of a takeover by an acquirer. This differentiated approach is based on a passive strategy of owning certain announced takeover targets with the goal of generating returns that are representative of global merger arbitrage activity.
The Fund seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index.