IQ Ultra Short Duration ETF
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
5.4%
3 Yr Avg Return
2.3%
5 Yr Avg Return
N/A
Net Assets
$14.4 M
Holdings in Top 10
61.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 185.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ULTR - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.03%
- Dividend Yield 4.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameIQ Ultra Short Duration ETF
-
Fund Family NameIndexIQ
-
Inception DateJul 31, 2019
-
Shares Outstanding2950000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKenneth Sommer
Fund Description
a. | In the first paragraph of the section entitled “Principal Investment Strategies" in the Summary Prospectus and Prospectus, the third, fourth and fifth sentences are deleted in their entirety and replaced with the following: |
If NRSROs assign different ratings for the same security, the Fund will use the higher rating for purposes of determining the credit quality. Debt securities in which the Fund may invest include all types of debt obligations such as U.S. government securities (including Treasury notes, and obligations, such as repurchase agreements, secured by such instruments), agency securities, corporate bonds, municipal bonds, instruments of non-U.S. issuers, asset-backed securities (“ABS”) (including collateralized debt and loan obligations, residential mortgage-backed securities, and commercial mortgage-backed securities), commercial paper, debentures, floating rate bonds, and convertible corporate bonds.
b. | The following is added to the end of the first paragraph of the section entitled “Principal Investment Strategies” in the Summary Prospectus and Prospectus: |
The Fund may invest up to 10% of its net assets in underlying funds, including exchange-traded funds (ETFs), mutual funds and closed-end funds. The Fund may also invest in derivatives, such as futures, forwards, treasury futures, options, forward commitments and swap agreements, including interest rate, total return and credit default swaps to seek to enhance returns or reduce the risk of loss by hedging certain of its holdings or manage duration. The Fund generally expects to hedge any foreign currency exposure back to U.S. dollars.
ULTR - Performance
Return Ranking - Trailing
Period | ULTR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -1.5% | 2.8% | 80.65% |
1 Yr | 5.4% | -0.2% | 11.8% | 63.43% |
3 Yr | 2.3%* | -2.1% | 5.8% | 61.17% |
5 Yr | N/A* | -1.0% | 3.9% | 22.34% |
10 Yr | N/A* | -4.5% | 27.5% | 21.14% |
* Annualized
Return Ranking - Calendar
Period | ULTR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -2.3% | 4.3% | 65.90% |
2022 | -2.2% | -6.5% | 0.5% | 57.14% |
2021 | -2.1% | -2.1% | 0.3% | 99.51% |
2020 | -1.0% | -3.1% | 1.8% | 95.90% |
2019 | N/A | -1.2% | 6.1% | N/A |
Total Return Ranking - Trailing
Period | ULTR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -1.5% | 2.8% | 80.65% |
1 Yr | 5.4% | -0.2% | 11.8% | 63.43% |
3 Yr | 2.3%* | -2.1% | 5.8% | 61.17% |
5 Yr | N/A* | -1.0% | 3.9% | N/A |
10 Yr | N/A* | -4.5% | 27.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ULTR Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.5% | 0.8% | 12.1% | 68.66% |
2022 | 0.2% | -5.1% | 2.5% | 38.10% |
2021 | 0.1% | -2.1% | 14.5% | 46.08% |
2020 | 0.8% | -1.0% | 3.6% | 84.62% |
2019 | N/A | 0.3% | 9.6% | N/A |
ULTR - Holdings
Concentration Analysis
ULTR | Category Low | Category High | ULTR % Rank | |
---|---|---|---|---|
Net Assets | 14.4 M | 25.6 K | 22.6 B | 96.83% |
Number of Holdings | 50 | 2 | 1291 | 90.05% |
Net Assets in Top 10 | 8.92 M | 32.5 K | 18.4 B | 95.93% |
Weighting of Top 10 | 61.75% | 5.6% | 163.3% | 11.76% |
Top 10 Holdings
- United States Treasury Bill 35.96%
- AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.63%
- BLACKROCK LIQUIDITY T FUND 3.54%
- Bank of America Corp 3.26%
- Air Lease Corp 2.96%
- Corebridge Financial Inc 2.61%
- Huntington National Bank/The 2.61%
- JPMorgan Chase Co 2.51%
- CenterPoint Energy Inc 2.44%
- Capital One Financial Corp 2.24%
Asset Allocation
Weighting | Return Low | Return High | ULTR % Rank | |
---|---|---|---|---|
Bonds | 96.73% | 0.00% | 128.16% | 17.65% |
Convertible Bonds | 3.97% | 0.00% | 15.25% | 40.91% |
Cash | 3.54% | 0.00% | 109.89% | 58.82% |
Stocks | 0.00% | 0.00% | 97.29% | 44.80% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 33.48% |
Other | 0.00% | -29.59% | 99.92% | 74.66% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ULTR % Rank | |
---|---|---|---|---|
Corporate | 37.42% | 0.00% | 99.91% | 52.27% |
Government | 29.86% | 0.00% | 100.00% | 10.45% |
Securitized | 23.57% | 0.00% | 100.00% | 55.91% |
Cash & Equivalents | 3.54% | 0.00% | 109.89% | 54.75% |
Derivative | 0.00% | -29.59% | 21.59% | 33.94% |
Municipal | 0.00% | 0.00% | 70.39% | 64.55% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ULTR % Rank | |
---|---|---|---|---|
US | 96.73% | 0.00% | 128.16% | 16.74% |
Non US | 0.00% | 0.00% | 22.24% | 47.06% |
ULTR - Expenses
Operational Fees
ULTR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.47% | 0.02% | 28.11% | 51.14% |
Management Fee | 0.24% | 0.00% | 1.19% | 38.01% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.24% |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
ULTR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
ULTR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | 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.
ULTR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 185.00% | 0.00% | 369.54% | 94.09% |
ULTR - Distributions
Dividend Yield Analysis
ULTR | Category Low | Category High | ULTR % Rank | |
---|---|---|---|---|
Dividend Yield | 4.30% | 0.00% | 8.12% | 55.66% |
Dividend Distribution Analysis
ULTR | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Monthly |
Net Income Ratio Analysis
ULTR | Category Low | Category High | ULTR % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.03% | -1.30% | 14.86% | 12.68% |
Capital Gain Distribution Analysis
ULTR | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 05, 2024 | $0.183 | OrdinaryDividend |
Mar 07, 2024 | $0.172 | OrdinaryDividend |
Feb 07, 2024 | $0.182 | OrdinaryDividend |
Jan 05, 2024 | $0.185 | OrdinaryDividend |
Dec 07, 2023 | $0.178 | OrdinaryDividend |
Nov 07, 2023 | $0.207 | OrdinaryDividend |
Oct 06, 2023 | $0.172 | OrdinaryDividend |
Sep 08, 2023 | $0.189 | OrdinaryDividend |
Aug 07, 2023 | $0.195 | OrdinaryDividend |
Jul 10, 2023 | $0.208 | OrdinaryDividend |
Jun 07, 2023 | $0.176 | OrdinaryDividend |
May 05, 2023 | $0.168 | OrdinaryDividend |
Apr 10, 2023 | $0.173 | OrdinaryDividend |
Mar 07, 2023 | $0.150 | OrdinaryDividend |
Feb 07, 2023 | $0.152 | OrdinaryDividend |
Jan 06, 2023 | $0.157 | OrdinaryDividend |
Dec 07, 2022 | $0.166 | OrdinaryDividend |
Nov 07, 2022 | $0.133 | OrdinaryDividend |
Oct 07, 2022 | $0.114 | OrdinaryDividend |
Sep 08, 2022 | $0.110 | OrdinaryDividend |
Aug 05, 2022 | $0.092 | OrdinaryDividend |
Jul 08, 2022 | $0.087 | OrdinaryDividend |
Jun 07, 2022 | $0.099 | OrdinaryDividend |
May 06, 2022 | $0.061 | OrdinaryDividend |
Apr 07, 2022 | $0.053 | OrdinaryDividend |
Mar 07, 2022 | $0.048 | OrdinaryDividend |
Feb 07, 2022 | $0.032 | OrdinaryDividend |
Dec 07, 2021 | $0.049 | OrdinaryDividend |
Nov 05, 2021 | $0.039 | OrdinaryDividend |
Oct 07, 2021 | $0.038 | OrdinaryDividend |
Sep 08, 2021 | $0.041 | OrdinaryDividend |
Aug 06, 2021 | $0.034 | OrdinaryDividend |
Jul 07, 2021 | $0.043 | OrdinaryDividend |
Jun 07, 2021 | $0.039 | OrdinaryDividend |
May 07, 2021 | $0.037 | OrdinaryDividend |
Apr 08, 2021 | $0.037 | OrdinaryDividend |
Mar 05, 2021 | $0.034 | OrdinaryDividend |
Feb 05, 2021 | $0.037 | OrdinaryDividend |
Dec 07, 2020 | $0.041 | OrdinaryDividend |
Nov 06, 2020 | $0.044 | OrdinaryDividend |
Oct 07, 2020 | $0.047 | OrdinaryDividend |
Sep 08, 2020 | $0.054 | OrdinaryDividend |
Aug 07, 2020 | $0.053 | OrdinaryDividend |
Jul 07, 2020 | $0.059 | OrdinaryDividend |
Jun 05, 2020 | $0.064 | OrdinaryDividend |
May 07, 2020 | $0.055 | OrdinaryDividend |
Apr 07, 2020 | $0.080 | OrdinaryDividend |
Mar 06, 2020 | $0.085 | OrdinaryDividend |
Feb 07, 2020 | $0.090 | OrdinaryDividend |
Jan 06, 2020 | $0.168 | OrdinaryDividend |
Dec 06, 2019 | $0.061 | OrdinaryDividend |
Nov 07, 2019 | $0.099 | OrdinaryDividend |
Oct 07, 2019 | $0.094 | OrdinaryDividend |
Sep 09, 2019 | $0.093 | OrdinaryDividend |
ULTR - Fund Manager Analysis
Managers
Kenneth Sommer
Start Date
Tenure
Tenure Rank
Jul 31, 2019
2.84
2.8%
Ken Sommer joined New York Life Investment Management LLC (predecessor of NYL Investors LLC) in 2005. Mr. Sommer is a Managing Director in the Investment Grade Portfolio Management team of NYL Investors' Fixed Income Investors. He assumed this role in 2018 and has over 15 years of investment experience. Previously, Mr. Sommer was a sector specialist overseeing all corporate bond execution for the Investment Grade Portfolio Management team. Prior to joining New York Life, he was an Investment Analyst at MetLife Investments. Mr. Sommer received a B.S. from Binghamton University and an M.B.A. from Fordham University.
Matthew Downs
Start Date
Tenure
Tenure Rank
Jul 31, 2019
2.84
2.8%
Mr. Downs is a Senior Director of NYL Investors LLC. He joined New York Life Investment Management LLC in 2005 and is a portfolio manager in the Investment Grade Portfolio Management Group. Mr. Downs earned his BBA from Fordham University and a MBA from Pace University Lubin School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 0.13 |