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IQ Leaders GTAA Tracker ETF (QGTA)

ETF Overview

Summary

The IQ Leaders GTAA Tracker ETF seeks to replicate the performance of its underlying index, the IQ Leaders GTAA Index.

The Index seeks to track the performance and risk characteristics of the 10 leading global allocation mutual funds. Identifying 10 leading mutual funds is based on fund performance and asset size and is reconstituted annually.

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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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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.

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. An investment in the Fund is subject to the following risks associated with the underlying ETPs:

  • 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, in which the bond issuer may fail to pay interest and principal in a timely manner. Floating rate funds are generally considered to have speculative characteristics that involve default risk of principal and interest, collateral impairment, borrower industry concentration, and limited liquidity. High yield securities (junk bonds) 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. Municipal securities risks include the ability of the issuer to repay the obligation, the relative lack of information about certain issuers, and the possibility of future tax and legislative changes which could affect the market for and value of municipal securities.

  • Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than in developed markets.

  • The principal risk of mortgage-related 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.

Short positions introduce more risk to the Fund than long positions (purchases) because the maximum sustainable loss on a security purchased (held long) is limited to the amount paid for the security plus the transaction costs, whereas there is no maximum attainable price of the shorted security. Therefore, in theory, securities sold short have unlimited downside potential. The Underlying Index may not be successful in replicating the performance of its target strategies. The Fund seeks to track the performance of the largest global bond mutual funds, such funds may underperform peer funds in the future.

Although the Fund attempts to track the performance of its Underlying Index, the Fund may not be able to duplicate its exact composition or return for any number of reasons.

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: September 30, 2015. The Index and Fund performance since inception in the table above is based on the Fund inception date. The Index inception date is June 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 is 0.45% and the Total Annual Fund Operating Expenses is 0.60%, which includes (i) other Fund expenses and (ii) the Fund's pro rata share of fees and expenses incurred indirectly as a result of investing in other funds, including ETFs and money market funds which are estimated for the Fund's current fiscal year. This amount will vary over time due to changes in the underlying ETF fees and expenses and the constitution of the Index.

The IQ Leaders GTAA Index is the exclusive property of IndexIQ which has contracted with Structured Solutions to maintain and calculate the Index.

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.

There are differences between investing in bonds and investing in liquid alternative ETFs. A bond is a debt instrument in which an investor loans money to a corporate or government entity that borrows the funds for a specified period of time at a fixed interest rate. Investors typically receive interest on the bonds when they mature. Bond funds hold a portfolio of bonds and can differ widely in strategies, ranging from U.S. Treasuries to high yields, from long-term to short-term. By contract, liquid alternative ETFs typically hold many non-bond securities, but provide investors with many of the same attributes as bond investing, such as dividend yield, lower volatility, and tax efficiency in terms of reduced capital gains distributions.

Holdings  

Holdings   

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