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IQ S&P High Yield Low Volatility Bond ETF (HYLV)

ETF Overview

Summary

IQ S&P High Yield Low Volatility Bond ETF (HYLV) seeks investment results that track (before fees and expenses) the price and yield performance of the S&P U.S. High Yield Low Volatility Corporate Bond Index (the “Index”). HYLV invests primarily, through U.S. dollar denominated high yield corporate bonds.

The Index is compromised of U.S. dollar denominated high yield corporate bonds that have been selected in accordance with a rules-based methodology that seeks to identify securities that, in the aggregate, are expected to have lower volatility relative to the broad U.S. dollar denominated high yield corporate bond market.

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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.

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. There is no assurance that the investment objectives can be met. High yield securities generally offer a higher current yield than the yield available from higher grade issues, but typically involve greater risk. Securities rated below investment grade are commonly referred to as “junk bonds.” Funds that invest in bonds are subject to interest rate risk and can lose principal value when interest rates rise. Interest rates in the United States are near historic lows, which may increase the Fund’s exposure to risks associated with rising interest rates. 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 Underlying Index seeks to provide exposure to U.S. dollar-denominated high yield corporate bonds that are measured to have less credit risk based on their Marginal Contribution to Risk. As with any measure of a bond’s credit risk, Marginal Contribution to Risk may fail to accurately reflect the credit risk of an individual bond. In addition, Marginal Contribution to Risk is not predictive of the price performance of fixed income securities. In addition, there is no guarantee that the construction methodology of the Underlying Index will accurately provide exposure to U.S. dollar denominated high yield corporate bonds with lower credit risk.
To the extent that the Underlying Index is concentrated in a particular industry, the Fund also will be concentrated in that industry. Concentrated Fund investments will subject the Fund to a greater risk of loss as a result of adverse economic, business or other developments than if its investments were diversified across different industry sectors. Investments in foreign securities may be riskier than investments in U.S. securities. Differences, including less stringent investor protections and disclosure standards, less liquid trading markets and political and economic developments in foreign countries, may affect the value of the Fund's investments in foreign securities.
High Yield funds typically invest a substantial portion of assets that are not rated or that are rated at the level of or below BBB considered high-yield by a major ratings agency such as Standard & Poor’s or Moody’s. Credit Rating: S&P rates borrowers on a scale from AAA to D. AAA through BBB represent investment-grade, while BB through D represent non-investment-grade. Moody’s rates borrowers on a scale from Aaa through C. Aaa through Baa3 represent investment grade, while Ba1 through C represent non-investment-grade.
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 Merrill Lynch US High Yield Master II Index is a commonly used benchmark index for high-yield corporate bonds. The Master II is a measure of the broad high yield market.
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: February 15, 2017. The Index and Fund performance since inception in the table above is based on the Fund inception date. The Index inception date is December 20, 2016.

1. IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by Solactive AG 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 0.40% 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 0.40%.

3. IndexIQ Advisors LLC (the "Advisor") has contractually agreed, until August 31, 2018, to waive or reduce its management fee and/or reimburse expenses of the Fund in an amount that limits “Total Annual Fund Operating Expenses” (exclusive of interest, taxes, brokerage fees and commissions, dividends paid on short sales, acquired fund fees and expenses, and extraordinary expenses) to not more than 0.40% of the average daily net assets of the Fund.

The “S&P U.S. High Yield Low Volatility Corporate Bond Index" is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by IndexIQ Advisors LLC. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by IndexIQ Advisors LLC. IQ S&P High Yield Low Volatility Bond ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P U.S. High Yield Low Volatility Corporate Bond 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.

Holdings  

Holdings   

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