The NYLI Merger Arbitrage ETF (MNA) is designed to replicate the price and yield performance of its benchmark, the NYLI Merger Arbitrage Index, prior to accounting for fund expenses. The Index itself aims for capital appreciation by strategically investing in companies worldwide that have publicly announced an acquisition offer. This distinct, passive methodology involves owning shares in these identified takeover targets, with the objective of generating returns characteristic of global merger arbitrage operations. Furthermore, in transactions involving an exchange of stock, the Index includes a short position in the acquirer's shares anticipated to be received by the target company's stockholders.

Northwestern Energy Group Inc

Dominion Energy, Inc.

Warner Bros. Discovery, Inc.

Caesars Entertainment, Inc.

The AES Corporation

Equitable Holdings, Inc.

Kenvue Inc.

Organon & Co.

Element Solutions Inc

Globalstar, Inc.

Industrials

Financial Services

Communication Services

Utilities

Healthcare

Basic Materials

Technology

Consumer Cyclical

Energy

Real Estate

NYLI Merger Arbitrage ETF

MNA Holdings & Sector Breakdown