NYLI Merger Arbitrage ETF (MNA)

NYLI Merger Arbitrage ETF (MNA) is an exchange-traded fund in the Event Driven category. It has $251.39M in assets, an expense ratio of 0.77% and a 0.00% dividend yield. 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.