IQ Ultra Short Duration ETF (ULTR)
48.05
-0.05
(-0.10%)
USD |
NYSEARCA |
Mar 28, 16:00
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
0.25% | -0.12% | 14.43M | 560.10 |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
4.59% | 340.0% | -45.17M | Upgrade |
Basic Info
Investment Strategy | |
The investment seeks to provide current income while maintaining limited price volatility. The fund, under normal circumstances, invests at least 80% of its net assets in fixed income securities. It typically invests at least 80% of its assets in fixed income securities rated investment grade by a nationally recognized statistical rating organization (“NRSRO”) (such securities rated BBB- and Baa3 or higher) or, if unrated, determined by the NYL Investors LLC (the “Subadvisor”) to be of comparable quality. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | -- |
Fixed Income Style | Medium Quality/Limited Sensitivity |
Broad Asset Class | Taxable Bond |
Broad Category | Fixed Income |
Category Name | Ultrashort Bond |
Category Index | Bloomberg Govt/Corp 1 Yr Duration TR USD |
Global Category Name | US Fixed Income |
YCharts Categorization | US Fixed Income |
YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
Prospectus Objective | Income |
Fund Owner Firm Name | IndexIQ |
Prospectus Benchmark Index | |
Bloomberg Short Treasury 3-6 Mon TR USD | 100.0% |
Broad Asset Class Benchmark Index | |
^BBUSATR | 100.0% |
Manager Tenure | |
Mark Kehoe | 0.12 yrs |
Thomas Musmanno, CFA | 0.12 yrs |
Zach Aronson | 0.12 yrs |
Performance Versus Category
As of March 28, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 28, 2024.
Basic Info
Investment Strategy | |
The investment seeks to provide current income while maintaining limited price volatility. The fund, under normal circumstances, invests at least 80% of its net assets in fixed income securities. It typically invests at least 80% of its assets in fixed income securities rated investment grade by a nationally recognized statistical rating organization (“NRSRO”) (such securities rated BBB- and Baa3 or higher) or, if unrated, determined by the NYL Investors LLC (the “Subadvisor”) to be of comparable quality. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | -- |
Fixed Income Style | Medium Quality/Limited Sensitivity |
Broad Asset Class | Taxable Bond |
Broad Category | Fixed Income |
Category Name | Ultrashort Bond |
Category Index | Bloomberg Govt/Corp 1 Yr Duration TR USD |
Global Category Name | US Fixed Income |
YCharts Categorization | US Fixed Income |
YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
Prospectus Objective | Income |
Fund Owner Firm Name | IndexIQ |
Prospectus Benchmark Index | |
Bloomberg Short Treasury 3-6 Mon TR USD | 100.0% |
Broad Asset Class Benchmark Index | |
^BBUSATR | 100.0% |
Manager Tenure | |
Mark Kehoe | 0.12 yrs |
Thomas Musmanno, CFA | 0.12 yrs |
Zach Aronson | 0.12 yrs |