ATLASNYLI Merger Arbitrage ETF (MNA): outlook, holdings and fees
NYLI Merger Arbitrage ETF (MNA) is an exchange-traded fund and is managed by New York Life Investment Management LLC. The expense ratio is 0.76% and the yield is 0.00%. The ten largest holdings are 35% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on MNA
| Last price | $36.96 (+0.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 71% |
| Likely 1-month range (50%) | $36.91 – $37.44 |
| Normal 1-day range (±1σ) | ±0.2% |
| Distribution yield | 0.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
MNA fund facts
| Issuer | New York Life Investment Management LLC |
|---|---|
| Theme | Other strategies |
| Assets under management | $280M |
| Expense ratio | 0.76% |
| Number of holdings | 42 |
| Portfolio turnover | 0% |
| Inception | Nov 17, 2009 |
| Exchange | NYSE |
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.
MNA top holdings
| Holding | Sector | Weight |
|---|---|---|
| Dominion Energy Inc D | Utilities | 3.71% |
| Kenvue Inc. KVUE | Consumer Defensive | 3.80% |
| Caesars Entertainment Corporation CZR | Consumer Cyclical | 3.55% |
| Roku Inc ROKU | Communication Services | 3.75% |
| Bio-Techne Corp TECH | Healthcare | 3.52% |
| Organon & Co OGN | Healthcare | 3.41% |
| Inpost SA INPST | Industrials | 3.22% |
| Globalstar, Inc. Common Stock GSAT | Communication Services | 3.18% |
| Axa Equitable Holdings Inc EQH | Financial Services | 3.26% |
| Synaptics Incorporated SYNA | Technology | 3.37% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
MNA sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 24.9% |
| Financial Services | 17.4% |
| Healthcare | 12.2% |
| Communication Services | 10.9% |
| Technology | 7.4% |
| Basic Materials | 7.3% |
| Consumer Cyclicals | 5.9% |
| Real Estate | 5.2% |
| Consumer Defensive | 4.8% |
| Utilities | 3.0% |
| Energy | 1.0% |
By region: North America 76.4%, United Kingdom 10.3%, Europe Developed 4.8%, Africa/Middle East 3.8%, Europe Emerging 2.4%.
MNA returns and risk
| Year to date | +2.8% |
|---|---|
| 1 year | +2.3% |
| 3 years (annualised) | +5.6% |
| 5 years (annualised) | +2.4% |
| 10 years (annualised) | +2.8% |
| Volatility (3 years) | 2.8% |
| Sharpe ratio (3 years) | 0.31 |
Past returns do not guarantee future results.
MNA: frequently asked questions
What does MNA invest in?
NYLI Merger Arbitrage ETF invests in a portfolio of securities. Its largest holdings are Dominion Energy Inc (3.7%), Kenvue Inc. (3.8%), Caesars Entertainment Corporation (3.6%), Roku Inc (3.7%), Bio-Techne Corp (3.5%).
What is the MNA expense ratio?
0.76% a year: about $76.00 for every $10,000 invested.
What is the MNA dividend yield?
0.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will MNA go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 71%, with a likely range (50%) of $36.91 to $37.44 from $36.96 today. It is a probability, not a prediction.
How has MNA performed?
Year to date +2.8%, one year +2.3%, three years +5.6% a year, five years +2.4% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer