IQ Winslow Focused Large Cap Growth ETF
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
15.9%
1 yr return
42.5%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$8.8 M
Holdings in Top 10
54.7%
52 WEEK LOW AND HIGH
$41.0
$29.47
$42.27
Expenses
OPERATING FEES
Expense Ratio 1.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
IWFG - Profile
Distributions
- YTD Total Return 15.9%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameIQ Winslow Focused Large Cap Growth ETF
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Fund Family NameIndexIQ
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Inception DateJun 23, 2022
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Shares OutstandingN/A
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Share ClassN/A
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CurrencyUSD
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Domiciled CountryUS
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets in large capitalization companies, which are companies having a market capitalization in excess of $4 billion at the time of purchase. Typically, Winslow Capital Management, LLC (“Winslow Capital” or the “Subadvisor”) invests substantially all of the Fund’s investable assets in domestic securities. However, the Fund is permitted to invest up to 20% of its net assets in depositary receipts issued by a trust (including American Depositary Receipts (“ADRs”)) of foreign securities and in common stocks listed on a foreign exchange that trade on such exchange contemporaneously with the Shares. Generally, an issuer of a security is considered to be U.S. or foreign based on the issuer’s “country of risk,” as determined by a third-party service provider such as Bloomberg. The Fund will normally invest in a limited
number of issuers and hold a core position of between 25 and 35 securities, although the number of securities held by the Fund may occasionally exceed this range at times. The Fund is actively managed and does not intend to track an index. Pursuant to the exemptive relief that allows the Fund to utilize the proxy portfolio structure that is described in greater detail below, the Fund may only invest in securities listed or traded on a national securities exchange that trade contemporaneously with Fund Shares. The Fund is classified as “non-diversified” under the 1940 Act.
Investment Process: The Fund invests in those companies that the Subadvisor believes will provide an opportunity for achieving superior portfolio returns (i.e., returns in excess of the returns of the average stock ETF or mutual fund) over the long term. The Subadvisor seeks to invest in companies that have the potential for above-average future earnings and cash flow growth with management focused on shareholder value.
When purchasing stocks for the Fund, the Subadvisor looks for companies typically having some or all of the following attributes: addressing markets with growth opportunities; leads or gains in market share; identifiable and sustainable competitive advantages; managed by a team that can perpetuate the firm’s competitive advantages; high, and preferably rising, returns on invested capital; deploys excess cash flow to enhance shareholder return; and demonstrates sound corporate governance. As part of its qualitative assessment of each potential investment, the Subadvisor evaluates the company’s non-financial performance among certain environmental, social and governance (“ESG”) factors. The Subadvisor then determines which ESG factors may be material to a company’s future financial performance. This involves an evaluation of how the company integrates particular ESG risks and opportunities into its corporate strategy through, for example, improving governance practices, aligning management team incentives and increasing transparency into its ESG practices. The Subadvisor may give consideration to ESG factors including, but not limited to, impact on or from climate change, natural resource use, waste management practices, human capital management, product safety, supply chain management, corporate governance, business ethics and advocacy for governmental policy. ESG factors are evaluated by the Subadvisor based on data provided by independent ESG research vendors. The evaluation of ESG factors is integrated as one of several aspects of the Subadvisor’s investment process and the Subadvisor does not forgo potential investments strictly based on the evaluation of ESG factors.
The Subadvisor takes a “bottom-up” investment approach when selecting investments. This means it bases investment decisions on company specific factors, not general economic conditions.
Under normal market conditions, the Subadvisor employs a sell discipline pursuant to which it may sell some or all of its position in a stock when a stock becomes fully valued, the fundamental business prospects are deteriorating, or the position exceeds limits set by the Subadvisor.
Semi-Transparent ETF with Proxy Portfolio Structure. While the Fund is an exchange-traded fund (“ETF”), it has characteristics that distinguish it from other types of ETFs. While most ETFs publish their portfolio holdings on a daily basis, the Fund discloses a portfolio transparency substitute — the “Proxy Portfolio” — and certain related information about the relative performance of the Proxy Portfolio and the Fund’s actual portfolio (“Actual Portfolio”) holdings (the “Proxy Portfolio Disclosures”). The Proxy Portfolio will only include securities listed or traded on a national securities exchange that trade contemporaneously with Fund Shares. While the Proxy Portfolio includes some of the Fund’s holdings, it is not the Fund’s Actual Portfolio, and the Fund will not disclose the daily holdings of the Actual Portfolio. The Proxy Portfolio Disclosures are intended to help keep the market price of the Fund’s Shares trading at or close to the underlying net asset value (“NAV”) per Share of the Fund. Although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Proxy Portfolio to identify the Fund’s trading strategy, which if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders. The Fund’s exemptive relief limits the types of securities in which the Fund can invest, which may constrain the Fund’s ability to implement its investment strategies.
IWFG - Performance
Return Ranking - Trailing
Period | IWFG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.9% | -44.2% | 26.6% | N/A |
1 Yr | 42.5% | -98.5% | 150.0% | N/A |
3 Yr | N/A* | -74.2% | 26.3% | N/A |
5 Yr | N/A* | -61.2% | 23.2% | N/A |
10 Yr | N/A* | -35.6% | 18.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | IWFG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 37.0% | -98.8% | 81.6% | N/A |
2022 | N/A | -39.5% | 48.7% | N/A |
2021 | N/A | -13.0% | 34.8% | N/A |
2020 | N/A | -27.1% | 10.6% | N/A |
2019 | N/A | -15.9% | 33.2% | N/A |
Total Return Ranking - Trailing
Period | IWFG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.9% | -44.2% | 26.6% | N/A |
1 Yr | 42.5% | -98.5% | 150.0% | N/A |
3 Yr | N/A* | -74.2% | 32.9% | N/A |
5 Yr | N/A* | -61.2% | 22.9% | N/A |
10 Yr | N/A* | -35.6% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | IWFG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 38.4% | -98.8% | 81.6% | N/A |
2022 | N/A | -39.5% | 48.7% | N/A |
2021 | N/A | -13.0% | 34.8% | N/A |
2020 | N/A | -16.8% | 10.6% | N/A |
2019 | N/A | -15.9% | 35.6% | N/A |
IWFG - Holdings
Concentration Analysis
IWFG | Category Low | Category High | IWFG % Rank | |
---|---|---|---|---|
Net Assets | 8.8 M | 189 K | 222 B | N/A |
Number of Holdings | 25 | 2 | 3509 | N/A |
Net Assets in Top 10 | 4.35 M | -1.37 M | 104 B | N/A |
Weighting of Top 10 | 54.73% | 9.4% | 100.0% | N/A |
Top 10 Holdings
- Microsoft Corp 10.44%
- NVIDIA Corp 6.70%
- Amazon.com Inc 5.77%
- Broadcom Inc 5.10%
- Alphabet Inc 4.73%
- Apple Inc 4.54%
- Mastercard Inc 4.48%
- Netflix Inc 4.42%
- UnitedHealth Group Inc 4.32%
- Intuitive Surgical Inc 4.24%
Asset Allocation
Weighting | Return Low | Return High | IWFG % Rank | |
---|---|---|---|---|
Stocks | 98.07% | 0.00% | 107.71% | N/A |
Cash | 1.93% | -10.83% | 87.35% | N/A |
Preferred Stocks | 0.00% | 0.00% | 4.41% | N/A |
Other | 0.00% | -2.66% | 17.15% | N/A |
Convertible Bonds | 0.00% | 0.00% | 1.94% | N/A |
Bonds | 0.00% | -1.84% | 98.58% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | IWFG % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 16.07% | N/A |
Technology | 0.00% | 0.00% | 69.82% | N/A |
Real Estate | 0.00% | 0.00% | 29.57% | N/A |
Industrials | 0.00% | 0.00% | 30.65% | N/A |
Healthcare | 0.00% | 0.00% | 39.76% | N/A |
Financial Services | 0.00% | 0.00% | 43.06% | N/A |
Energy | 0.00% | 0.00% | 41.09% | N/A |
Communication Services | 0.00% | 0.00% | 66.40% | N/A |
Consumer Defense | 0.00% | 0.00% | 25.50% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 62.57% | N/A |
Basic Materials | 0.00% | 0.00% | 22.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | IWFG % Rank | |
---|---|---|---|---|
US | 98.07% | 0.00% | 105.43% | N/A |
Non US | 0.00% | 0.00% | 54.22% | N/A |
IWFG - Expenses
Operational Fees
IWFG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.98% | 0.01% | 7.09% | 75.79% |
Management Fee | 0.75% | 0.00% | 1.50% | 82.14% |
12b-1 Fee | N/A | 0.00% | 1.00% | 13.86% |
Administrative Fee | N/A | 0.00% | 1.02% | N/A |
Sales Fees
IWFG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
IWFG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 5.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
IWFG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 316.74% | N/A |
IWFG - Distributions
Dividend Yield Analysis
IWFG | Category Low | Category High | IWFG % Rank | |
---|---|---|---|---|
Dividend Yield | 0.04% | 0.00% | 19.33% | 63.64% |
Dividend Distribution Analysis
IWFG | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Annually |
Net Income Ratio Analysis
IWFG | Category Low | Category High | IWFG % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -6.13% | 2.90% | N/A |
Capital Gain Distribution Analysis
IWFG | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2023 | $0.016 | OrdinaryDividend |
Dec 15, 2023 | $0.345 | CapitalGainLongTerm |
Dec 16, 2022 | $0.013 | OrdinaryDividend |