# NYLIM Merger Arbitrage ETF (MNA) — Overview

MNA · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/mna

## Price

Last close $36.80 on Oct 15, 2026. 52-week range $35.57 – $36.93.

## Fund profile

MNA tracks an index that uses a merger arbitrage strategy with long exposure to takeover targets and short exposure to broad global equity indexes.

| Metric | Value |
| --- | --- |
| Issuer | New York Life Investment Management LLC |
| Industry | — |
| Inception | Nov 17, 2009 |
| Assets under management | $259.5M |
| Expense ratio | 0.78% |
| Net asset value | $36.81 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is NYLIM Merger Arbitrage ETF (MNA)?

MNA tracks an index that uses a merger arbitrage strategy with long exposure to takeover targets and short exposure to broad global equity indexes.

### What is MNA's expense ratio?

NYLIM Merger Arbitrage ETF charges an annual expense ratio of 0.78%. The fund is issued by New York Life Investment Management LLC.

### How large is MNA?

NYLIM Merger Arbitrage ETF manages $259.5M in assets and has traded since Nov 17, 2009.

### How do I buy shares of NYLIM Merger Arbitrage ETF (MNA)?

MNA trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).