---
ticker: "MNA"
name: "NYLI Merger Arbitrage ETF"
url: "https://etf.net/etf/MNA"
grade: "B"
score: 60
graded_at: "2026-10-12"
category: "Merger Arbitrage"
category_rank: "1 of 5"
methodology: "https://etf.net/methodology"
---

# MNA: NYLI Merger Arbitrage ETF

Grade **B**, Score 60 of 100. Rank 1 of 5 in Merger Arbitrage.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 65 | 1 of 5 |
| Mission | Not scored | — |
| Risk | 51 | 3 of 4 |
| Tradability | 49 | 4 of 5 |
| Holdings | 72 | 1 of 5 |
| Durability | 76 | 1 of 5 |

## Top holdings

The fund holds 65 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | D | Dominion Energy Inc | 3.94% |
| 2 | KVUE | Kenvue, Inc. | 3.78% |
| 3 | CZR | Caesars Entertainment, Inc. | 3.66% |
| 4 | ROKU | Roku, Inc. Class A | 3.61% |
| 5 | TECH | Bio-Techne Corporation | 3.45% |
| 6 | INPST.AS | InPost S.A. | 3.40% |
| 7 | OGN | Organon & Co. | 3.39% |
| 8 | EQH | Equitable Holdings, Inc. | 3.37% |
| 9 | GSAT | Globalstar, Inc. | 3.30% |
| 10 | SYNA | Synaptics Incorporated | 3.26% |
| 11 | CCO | Clear Channel Outdoor Holdings Inc | 3.18% |
| 12 | ACA | Arcosa, Inc. | 3.17% |
| 13 | LNTH | Lantheus Holdings Inc | 3.01% |
| 14 | SLAB | Silicon Laboratories Inc. | 2.92% |
| 15 | FCR-UN.TO | First Capital Real Estate Investment Trust | 2.86% |
| 16 | NATL | NCR Atleos Corporation | 2.73% |
| 17 | ALLFG.AS | Allfunds Group plc | 2.67% |
| 18 | — | Pound Sterling | 2.60% |
| 19 | MKTX | MarketAxess Holdings Inc. | 2.56% |
| 20 | ITGR | Integer Holdings Corporation | 2.48% |
| 21 | UNF | UniFirst Corporation | 2.43% |
| 22 | ROR.L | Rotork plc | 2.40% |
| 23 | LXP | LXP Industrial Trust | 2.25% |
| 24 | CBZ | CBIZ, Inc. | 2.18% |
| 25 | IHS | IHS Holding Ltd. | 2.11% |
| 26 | TATE.L | Tate & Lyle PLC | 2.02% |
| 27 | MTO.L | MITIE Group PLC | 1.87% |
| 28 | HUN | Huntsman Corporation | 1.87% |
| 29 | ATKR | Atkore Inc | 1.80% |
| 30 | BNOR.OL | BlueNord ASA | 1.63% |

Source: etf.net, https://etf.net/etf/MNA. Please cite the page URL.