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IQ Enhanced Core Plus Bond U.S. ETF (AGGP)

ETF Overview

Summary

IQ Enhanced Core Plus Bond U.S. ETF (AGGP) seeks investment results that track (before fees and expenses) the price and yield performance of the IQ Enhanced Core Plus Bond U.S. Index (the “Index”).

AGGP invests primarily, through exchange-traded products (ETPs), in U.S. Treasurys, U.S. investment grade corporate bonds, and U.S. investment grade mortgage-backed securities, and can allocate up to 25% in U.S. high yield debt and up to 5% in U.S. dollar denominated debt of emerging market issuers.

The Index seeks to outperform the U.S. dollar-denominated taxable fixed income universe by using a momentum investing strategy, which seeks to capitalize on the persistence of ongoing trends in the market.

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Pricing  

Pricing   

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Performance   

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Index History (%)
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1 Month 3 Month YTD 1 Year 3 Year 5 Year Since Inception*
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Fund History (%)
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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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QTD YTD 1 Year 3 Year 5 Year Since Inception3
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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:

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. The Fund’s investment performance, because it is a fund of funds, depends on the investment performance of the ETPs in which it invests.
Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. Bonds are also subject to credit risk which is the possibility that the bond issuer may fail to pay interest and principal in a timely manner.
The principal risk of mortgage-backed securities is that the underlying debt may be prepaid ahead of schedule if interest rates fall, thereby reducing the value of the Fund’s investment. If interest rates rise, less of the debt may be prepaid and the Fund may lose money.
The value of the Fund’s investment in ETPs is based on stock market prices and the Fund could lose money due to stock market developments, the failure of an active trading market to develop, or exchange trading halts or de-listings.
Securities of issuers based in countries with developing economies (emerging markets) may present market, credit, liquidity, legal, political and other risks different from, or greater than, the risks of investing in developed foreign countries. Emerging markets are subject to greater market volatility than more developed markets.
High yield securities have speculative characteristics and present a greater risk of loss than higher quality debt securities. These securities can also be subject to greater price volatility.
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.

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

* Fund Inception Date: May 10, 2016. The Index and Fund performance since inception in the table above is based on the Fund inception date. The Index inception date is October 30, 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 0.25% is expressed as a
unitary fee to cover expenses incurred in connection with managing the portfolio. The
Fund has Total Annual Fund Operating Expenses After Fee Waiver of 0.35%.

3. IndexIQ Advisors LLC has contractually agreed, until August 28, 2017, to waive a portion of its advisory fee equal to 0.05% of average daily net assets.

The Fund is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk and the Fund does not represent a complete investment program. The stocks of small capitalization companies generally are more volatile than those of larger companies. The Fund is non-diversified and is susceptible to greater losses if a single portfolio investment declines than would a diversified fund.

IQ Enhanced Core Plus Bond U.S. Index is the exclusive property of IndexIQ and was developed with New York Life Investment Management LLC (“NYLIM”) acting as index consultant to IndexIQ. IndexIQ® and IQ® are registered service marks of IndexIQ.

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. Beginning on May 31, 2016, the price used to calculate the market price returns is the mean between the day’s last bid and ask prices. Prior to May 31, 2016, market price returns were calculated using the day’s closing price on the fund’s primary exchange. The market price returns do not represent returns an investor would receive if shares were traded at other times.

Holdings  

Holdings   

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