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Name

As of 04/19/2024

Price

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

IQ Ultra Short Duration ETF

ULTR | Active ETF

$47.94

$14.4 M

4.30%

$2.06

0.47%

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

$47.9
$47.40
$48.16

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 04/19/2024

Price

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

IQ Ultra Short Duration ETF

ULTR | Active ETF

$47.94

$14.4 M

4.30%

$2.06

0.47%

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%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    IQ Ultra Short Duration ETF
  • Fund Family Name
    IndexIQ
  • Inception Date
    Jul 31, 2019
  • Shares Outstanding
    2950000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kenneth 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. 

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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

  1. United States Treasury Bill 35.96%
  2. AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.63%
  3. BLACKROCK LIQUIDITY T FUND 3.54%
  4. Bank of America Corp 3.26%
  5. Air Lease Corp 2.96%
  6. Corebridge Financial Inc 2.61%
  7. Huntington National Bank/The 2.61%
  8. JPMorgan Chase Co 2.51%
  9. CenterPoint Energy Inc 2.44%
  10. 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

View More +

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

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