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IQ 50 Percent Hedged FTSE Japan ETF (HFXJ)

ETF Overview

Summary

The IQ 50 Percent Hedged FTSE Japan ETF seeks investment results that correspond generally to the price and yield performance of the FTSE Japan 50% Hedged to USD Index.

The Index is an equity benchmark for Japan, with approximately half of the exposure to the Japanese yen “hedged” against the U.S. dollar on a monthly basis.

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Pricing  

Pricing   

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Premium/Discount Table

Premium/Discount Table  

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Morningstar Rating3  

Morningstar Rating3   

 

Performance   

Performance    

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Index History (%)
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QTD YTD 1 Year 3 Year 5 Year Since Inception3
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Fund History (%)
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The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Index performance is for illustrative purposes only and does not represent actual Fund performance. One cannot invest directly in an index. Performance data for the Index assumes reinvestment of dividends and is net of the management fees for the Index's components, as applicable, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly.

Before you invest: The Underlying Indexes and the Funds’ net asset value (“NAV”) are denominated in U.S. dollars, while the component securities of the Underlying Indexes are generally denominated in foreign currencies. The Underlying Indexes are designed to reduce by approximately half the Funds’ exposure to fluctuations in the value of component currencies relative to the U.S. dollar. The Underlying Indexes apply a one month forward rate to approximately half of the value of the non-U.S. dollar denominated securities included in the Underlying Indexes to hedge against fluctuations for this portion of the Funds’ exposure to component securities relative to the U.S. dollar. The hedge is reset on a monthly basis.

The Funds invest, under normal circumstances, at least 80% of their net assets, plus the amount of any borrowings for investment purposes, in the securities and other instruments included in their Underlying Indexes.

The Funds are expected to have lower returns than a similar fund that does not hedge any of its currency exposure when the component currencies are rising relative to the U.S. dollar. The Funds are expected to have higher returns than a similar unhedged fund when the component currencies are falling relative to the U.S. dollar. In order to replicate the hedging component of the Underlying Indexes, the Funds intend to enter into foreign currency forward contracts and futures contracts designed to offset approximately half of the Funds’ exposure to the component currencies. A foreign currency forward contract is a contract between two parties to buy or sell a specified amount of a specific currency in the future at an agreed upon exchange rate. The Funds’ exposure to foreign currency forward contracts is based on approximately half of the Funds’ aggregate exposure to the component currencies.

The Funds may also invest their assets in cash and cash equivalents, as well as in shares of other investment companies, options and swaps. To the extent that a Fund’s Underlying Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investment to approximately the same extent as its Underlying Index.

Because the Fund invests primarily in the securities of companies in Japan, the Fund’s performance is expected to be closely tied to social, political, and economic conditions within Japan and to be more volatile than the performance of more geographically diversified funds. The Japanese economy has only recently emerged from a prolonged economic downturn. Since the year 2000, Japan’s economic growth rate has remained relatively low.

As with all investments, there are certain risks of investing in the Fund. The Fund’s Shares will change in value and you could lose money by investing in the Fund. An investment in the Fund does not represent a complete investment program.

The Fund will invest in securities denominated in currencies other than U.S. dollars (foreign currencies) and much of the income received by the Fund will be in foreign currencies, but the Underlying Index and the Fund’s NAV will be calculated in U.S. dollars. Furthermore the Fund may convert cash in U.S. dollars to foreign currencies to purchase securities. Both the Fund’s ability to track the Underlying Index and Fund returns in general may be adversely impacted by changes in currency exchange rates, which can occur quickly and without warning.

The Fund uses various strategies to attempt to reduce the impact of changes in the value of a foreign currency against the U.S. dollar. These strategies may not be successful.

Derivatives are investments whose value depends on (or is derived from) the value of an underlying instrument, such as a security, asset, reference rate or index. Derivatives may be difficult to sell, unwind or value.

The Fund invests in the securities of non-U.S. issuers, which securities involve risks beyond those associated with investments in U.S. securities.

The performance of the Underlying Index and the Fund may deviate from that of the markets the Underlying Index seeks to track due to changes that are reflected in the sector more quickly than the quarterly rebalancing process can track. Securities in the Underlying Index or in the Fund’s portfolio may also underperform in comparison to the general securities markets.

The strategy used by the Advisor to match the performance of the Underlying Index may fail to produce the intended results.

Mid capitalization companies are generally less established and their stocks may be more volatile and less liquid than the securities of larger companies.

The Fund is a new fund. As a new fund, there can be no assurance that it will grow to or maintain an economically viable size, in which case it may experience greater tracking error to its Underlying Index than it otherwise would at higher asset levels or it could ultimately liquidate.

The Underlying Indexes are sponsored by an organization (the “Index Provider”) that is independent of the Fund and Advisor. The Index Provider determines the composition and relative weightings of the securities in the Underlying Indexes and publishes information regarding the market value of the Underlying Indexes. The Fund’s Index Provider is FTSE, a widely known global index provider that currently manages and calculates more than 120,000 indexes daily.

Returns less than 1 year are cumulative; all other returns are annualized.

* Fund Inception Date: July 22, 2015. The Index and Fund performance since inception in the table above is based on the Fund inception date. The Index live date is July 22, 2015.

1. IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.

2. As stated in the Fund's prospectus, the Management Fee of 0.45% is expressed as a unitary fee to cover expenses incurred in connection with managing the portfolio, which has been estimated for the Fund’s current fiscal year. The Fund has Total Annual Fund Operating Expenses of 0.46%.

IndexIQ shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00 pm ET net asset value (NAV). Market price returns reflect the share price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

FTSE JAPAN
All rights in the FTSE Japan 50% Hedged to USD Index (the "Index") vest in FTSE International Limited ("FTSE"). "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE under license.

The IQ 50 Percent Hedged FTSE Japan ETF (the "Fund") has been developed solely by IndexIQ. The Index is calculated by FTSE or its agent. FTSE and its licensor are not connected to and do not sponsor, advise, recommend, endorse or promote the IQ 50 Percent Hedged FTSE Japan ETF and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the IQ 50 Percent Hedged FTSE Japan ETF. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the IQ 50 Percent Hedged FTSE Japan ETF or the suitability of the Index for the purpose to which it is being put by IndexIQ.

 

Holdings  

Holdings   

Top Holdings
Weight
*Holdings are subject to change without notice.