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The NYLI Merger Arbitrage ETF (MNA) is designed to replicate the price and yield performance of its benchmark, the NYLI Merger Arbitrage Index, prior to accounting for fund expenses. The Index itself aims for capital appreciation by strategically investing in companies worldwide that have publicly announced an acquisition offer. This distinct, passive methodology involves owning shares in these identified takeover targets, with the objective of generating returns characteristic of global merger arbitrage operations. Furthermore, in transactions involving an exchange of stock, the Index includes a short position in the acquirer's shares anticipated to be received by the target company's stockholders.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| — | DREY INST PREF GOV MM INS | 5.67% | $14.26M |
| TECK-B.TO | Teck Resources Limited Class B | 5.06% | $12.73M |
| NSC | Norfolk Southern Corporation | 4.08% | $10.26M |
| EA | Electronic Arts Inc. | 3.88% | $9.75M |
| NWE | NorthWestern Energy Group, Inc. | 3.66% | $9.19M |
| GTLS | Chart Industries, Inc. | 3.52% | $8.85M |
| D | Dominion Energy Inc | 3.51% | $8.82M |
| WBD | Warner Bros. Discovery, Inc. Series A | 3.19% | $8.01M |
| CZR | Caesars Entertainment, Inc. | 3.17% | $7.97M |
| AES | AES Corporation | 3.05% | $7.66M |
| KVUE | Kenvue, Inc. | 3.03% | $7.62M |
| ARX.TO | ARC Resources Ltd. | 2.73% | $6.87M |
| OGN | Organon & Co. | 2.71% | $6.81M |
| TMHC | Taylor Morrison Home Corporation | 2.71% | $6.80M |
| QRVO | Qorvo, Inc. | 2.55% | $6.42M |
| EQH | Equitable Holdings, Inc. | 2.55% | $6.41M |
| GSAT | Globalstar, Inc. | 2.50% | $6.29M |
| WBS | Webster Financial Corporation | 2.20% | $5.53M |
| SDR.L | Schroders PLC | 2.16% | $5.43M |
| PEN | Penumbra, Inc. | 2.08% | $5.23M |
| FCR-UN.TO | First Capital Real Estate Investment Trust | 1.95% | $4.90M |
| INPST.AS | InPost S.A. | 1.95% | $4.89M |
| ALLFG.AS | Allfunds Group plc | 1.84% | $4.63M |
| GBTG | Global Business Travel Group, Inc. Class A | 1.76% | $4.43M |
| SLAB | Silicon Laboratories Inc. | 1.74% | $4.37M |