IndexIQ

IQ Merger Arbitrage ETF

The IQ Merger Arbitrage ETF seeks to track, before fees and expenses, the performance of the IQ Merger Arbitrage Index. The 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 Index also includes short exposure to global equities as a partial equity market hedge. Merger arbitrage is a directional hedge fund strategy. The IQ Merger Arbitrage ETF is not a hedge fund and does not invest in hedge funds.

Pricing(as of 10/22/2014)

Share Price $27.15
Change $-0.25
Change % -0.91%
NAV $27.16
Change $0.02
Change % 0.09%
   
Bid/Ask  
Mid-Point $27.09
Premium/Discount -0.26%
   

Premium/discount charts

Performance

  • Month-End
  • Quarter-End

as of 09/30/2014

Index History (%)

1
Month
3
Month
YTD 1
Year
3
Year
5
Year
Since
Inception*

IQ Merger Arbitrage Index

-0.41 -0.92 4.03 5.13 5.99 3.75 3.53

Fund History (%)

1
Month
3
Month
YTD 1
Year
3
Year
5
Year
Since
Inception*

IQ Merger Arbitrage ETF (NAV)

-0.47 -1.05 3.36 4.27 4.70 -- 2.42

IQ Merger Arbitrage ETF (Price)

-0.51 -1.37 3.39 4.03 4.93 -- 2.46

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment returns and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Index performance is for illustrative purposes only and does not represent actual Fund performance. One cannot invest directly in an index. Performance data for the Index assumes reinvestment of dividends and is net of the management fees for the Index's components, as applicable, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly.

IndexIQ shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00 pm ET net asset value (NAV). Market price returns reflect the share price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

Risk Discussion: Certain of the proposed takeover transactions in which the Fund invests may be renegotiated, terminated or involve a longer time frame than originally contemplated, which may negatively impact the Fund’s returns. The Fund’s investment strategy may result in high portfolio turnover, which, in turn, may result in increased transaction costs to the Fund and lower total returns. The Fund may invest its assets in a relatively small number of issuers, thus making an investment in the Fund potentially more risky than an investment in a diversified fund which is otherwise similar to the Fund. The Fund is susceptible to foreign securities risk –since the Fund invests in foreign markets, it will be subject to risk of loss not typically associated with domestic markets. The Fund is non-diversified and is susceptible to greater losses if a single portfolio investment declines than would a diversified fund.

Returns less than 1 year are cumulative; all other returns are annualized.

* Fund Inception Date: November 17, 2009. The Index and Fund performance since inception in the table above is based on the Fund inception date. The Index inception date is October 31, 2007.

1 As stated in the Fund's prospectus, the management fee is 0.75% and the Total Annual Fund Operating Expenses is 0.76%, which includes (i) other Fund expenses and (ii) the Fund's pro rata share of fees and expenses incurred indirectly as a result of investing in other funds, including ETFs and money market funds. This amount will vary over time due to changes in the underlying ETF fees and expenses and the constitution of the Index.


2 IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.


Investors in MNA do not receive K-1s for tax reporting purposes. IndexIQ distributes a single Form 1099 to its shareholders.

IQ MERGER ARBITRAGE INDEX

Returns for the IQ Merger Arbitrage Index do not reflect the deduction of management fees, taxes and other expenses.The MSCI World Index is a free-float adjusted market capitalization weighted index that is designed to measure the equity market performance of developed market (performance data assumes reinvestment of dividends, but it does not reflect management fees, transaction costs or other expenses).

The IQ Merger Arbitrage Index is the exclusive property of IndexIQ which has contracted with Structured Solutions to maintain and calculate the Index.


as of 09/30/2014

Index History (%)

Quarter
YTD
1
Year
3
Year
5
Year
Since
Inception*

IQ Merger Arbitrage Index

-0.92 4.03 5.13 5.99 3.75 3.53

Fund History (%)

Quarter
YTD
1
Year
3
Year
5
Year
Since
Inception*

IQ Merger Arbitrage ETF (NAV)

-1.05 3.36 4.27 4.70 -- 2.42

IQ Merger Arbitrage ETF (Price)

-1.37 3.39 4.03 4.93 -- 2.46

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment returns and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Index performance is for illustrative purposes only and does not represent actual Fund performance. One cannot invest directly in an index. Performance data for the Index assumes reinvestment of dividends and is net of the management fees for the Index's components, as applicable, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly.

IndexIQ shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00 pm ET net asset value (NAV). Market price returns reflect the share price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

Risk Discussion: Certain of the proposed takeover transactions in which the Fund invests may be renegotiated, terminated or involve a longer time frame than originally contemplated, which may negatively impact the Fund’s returns. The Fund’s investment strategy may result in high portfolio turnover, which, in turn, may result in increased transaction costs to the Fund and lower total returns. The Fund may invest its assets in a relatively small number of issuers, thus making an investment in the Fund potentially more risky than an investment in a diversified fund which is otherwise similar to the Fund. The Fund is susceptible to foreign securities risk –since the Fund invests in foreign markets, it will be subject to risk of loss not typically associated with domestic markets. The Fund is non-diversified and is susceptible to greater losses if a single portfolio investment declines than would a diversified fund.

Returns less than 1 year are cumulative; all other returns are annualized.

* Fund Inception Date: November 17, 2009. The Index and Fund performance since inception in the table above is based on the Fund inception date. The Index inception date is October 31, 2007.

1 As stated in the Fund's prospectus, the management fee is 0.75% and the Total Annual Fund Operating Expenses is 0.76%, which includes (i) other Fund expenses and (ii) the Fund's pro rata share of fees and expenses incurred indirectly as a result of investing in other funds, including ETFs and money market funds. This amount will vary over time due to changes in the underlying ETF fees and expenses and the constitution of the Index.


2 IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.


Investors in MNA do not receive K-1s for tax reporting purposes. IndexIQ distributes a single Form 1099 to its shareholders.

IQ MERGER ARBITRAGE INDEX

Returns for the IQ Merger Arbitrage Index do not reflect the deduction of management fees, taxes and other expenses.The MSCI World Index is a free-float adjusted market capitalization weighted index that is designed to measure the equity market performance of developed market (performance data assumes reinvestment of dividends, but it does not reflect management fees, transaction costs or other expenses).

The IQ Merger Arbitrage Index is the exclusive property of IndexIQ which has contracted with Structured Solutions to maintain and calculate the Index.

Top Holdings(as of 10/22/2014)

Name Weight  
MORGAN STANLEY ILF/TREAS/INST 15.67 %
FAMILY DOLLAR STORES 5.96 %
COVIDIEN PLC 5.50 %
KINDER MORGAN ENERGY PRTNRS 5.10 %
CONCUR TECHNOLOGIES INC 5.05 %
ALL HOLDINGS *Holdings are subject to change without notice.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information, please call 1-888-934-0777 or click here to view or download a prospectus online. Read the prospectus carefully before you invest. There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results.

IndexIQ ETFs are distributed by ALPS Distributors, Inc. (ALPS). ALPS is not affiliated with IndexIQ or Schwab.