MNA Performance — NYLI Merger Arbitrage ETF
Data updated: 2026-09-25
MNA returned +1.63% year to date and +2.98% over one year to Jul 2026. Annualised returns are +5.85% over 3 years and +2.10% over 5 years. The fund trailed its US Mid-Cap Blend category average: $100 invested three years ago grew to $119, against $144 for the category, and to $103 over one year, against $119. Volatility over the past three years was 2.80% a year. In the 12 months to Jul 2026 the fund lost a net $1.9M, and assets reached $251.54M.
MNA Growth of $100
What $100 invested in NYLI Merger Arbitrage ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | MNA | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $119 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $111 | $145 |
| Since data start (Aug 2019 – Jul 2026) | $118 | $204 |
MNA Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.63% |
| 1 year | +2.98% |
| 3 years (annualised) | +5.85% |
| 5 years (annualised) | +2.10% |
MNA Annual Returns
Calendar-year total returns of NYLI Merger Arbitrage ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.63% |
| 2025 | +8.60% |
| 2024 | +4.96% |
| 2023 | +0.37% |
| 2022 | −1.50% |
| 2021 | −3.29% |
| 2020 | +2.85% |
| 2019 (Aug–Dec) | +3.97% |
MNA Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +0.5% | +0.3% | −0.2% | −0.4% | +0.7% | +0.1% | — | — | — | — | — |
| 2025 | +1.1% | +1.2% | +1.2% | +1.3% | +0.9% | +0.6% | +0.8% | +1.0% | +0.3% | −0.4% | +0.1% | +0.2% |
| 2024 | −0.8% | +0.4% | +0.5% | −1.8% | +0.8% | +1.1% | +1.9% | +1.7% | +0.7% | −0.4% | 0.0% | +0.7% |
| 2023 | −0.4% | −0.8% | +0.8% | +0.4% | −2.0% | +0.3% | −0.1% | +1.2% | +0.5% | −0.7% | −0.8% | +2.1% |
| 2022 | −1.9% | +1.1% | +0.1% | −0.6% | −0.8% | −1.9% | +1.8% | +1.0% | −1.8% | +1.2% | −0.4% | +0.7% |
| 2021 | −0.5% | −1.3% | +0.7% | +2.0% | −0.3% | −0.1% | −0.6% | −1.3% | +0.1% | 0.0% | −1.8% | −0.1% |
| 2020 | +0.4% | −0.4% | −8.6% | +4.1% | −0.8% | +0.7% | +2.1% | +0.7% | +4.0% | +1.6% | −1.0% | +0.6% |
| 2019 | — | — | — | — | — | — | — | 0.0% | +0.5% | +1.8% | +0.6% | +0.9% |
MNA Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.80%
- 3-year Sharpe ratio: 0.48 (vs 4.5% risk-free rate)
- Best month: +2.12% (Dec 2023)
- Worst month: −1.75% (Apr 2024)
MNA Fund Flows
Monthly money in and out of NYLI Merger Arbitrage ETF, from SEC Form N-PORT.
- 12-month net flow: −$1.9M
- 12-month gross sales (incl. reinvestments): $32.4M
- Sales ÷ redemptions: 0.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.5M | $5.5M | $16K |
| Jun 2026 | $0 | $0 | $0 |
| May 2026 | $1.8M | $0 | $1.8M |
| Apr 2026 | $32 | $3.6M | −$3.6M |
| Mar 2026 | $3.6M | $0 | $3.6M |
| Feb 2026 | $0 | $5.4M | −$5.4M |
| Jan 2026 | $2K | $12.6M | −$12.6M |
| Dec 2025 | $9.0M | $1.8M | $7.2M |
| Nov 2025 | $1.8M | $0 | $1.8M |
| Oct 2025 | $3.6M | $1.8M | $1.8M |
| Sep 2025 | $0 | $3.6M | −$3.6M |
| Aug 2025 | $7.1M | $0 | $7.1M |
MNA Assets Under Management
Net assets of NYLI Merger Arbitrage ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $251.54M |
| 2026-04-30 | $249.16M |
| 2026-01-31 | $252.86M |
| 2025-10-31 | $253.99M |
| 2025-07-31 | $246.16M |
| 2025-04-30 | $233.67M |
| 2025-01-31 | $212.09M |
| 2024-10-31 | $221.67M |
| 2024-07-31 | $257.38M |
| 2024-04-30 | $266.35M |
| 2024-01-31 | $317.02M |
| 2023-10-31 | $454.35M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.