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IQ Short Duration Enhanced Core Bond U.S. ETF (SDAG)

ETF Overview

SDAG
Summary

The Fund seeks investment results that track, before fees and expenses, the price and yield performance of the IQ Short Duration Enhanced Core Bond U.S. Index. SDAG invests primarily, through exchange-traded products (ETPs), in short-term U.S. Treasurys and U.S. investment-grade corporate bonds, and can allocate up to 25% in short-term, U.S. investment-grade, floating rate bonds and short-term U.S. high yield debt.

The Index seeks to outperform the short-duration, 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  

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Performance   

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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 does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly.

Before you invest:

Before considering an investment in the Fund, you should understand that you could lose money.

The Fund’s investment performance, because it is a fund of funds, depends on the investment performance of the ETPs in which it invests. 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.

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. 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. Floating rate funds are generally considered to have speculative characteristics that involve default risk of principal and interest, collateral impairment, non-diversification, borrower industry concentration, and limited liquidity. Investing in below investment grade securities may carry a greater risk of nonpayment of interest or principal than higher-rated bonds.

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 IQ Short-Duration Enhanced Core Bond U.S. Index seeks to outperform the short-duration, 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. Momentum is measured by comparing a short-horizon (45-day) moving average of returns to a longer-horizon (90-day) moving average of returns.

The Bloomberg Barclays U.S. 1–5 Year Government/Credit Index includes U.S. Treasury and agency obligations, as well as investment-grade (rated Baa3 or above by Moody’s), corporate and international, dollar-denominated bonds, all having maturities of 1 to 5 years. An investment cannot be made directly into an index.

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

* Fund Inception Date: December 18, 2018. 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, 2018.

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 0.20% is expressed as a
unitary fee to cover expenses incurred in connection with managing the portfolio. The Fund has Total Annual Fund Operating Expenses of 0.37%.

3. IndexIQ Advisors LLC has contractually agreed 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 0.20% of the average daily net assets of the Fund. The agreement will remain in effect until August 31, 2020 unless terminated by the Board of Trustees of the Fund.

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. The price used to calculate the market price returns is the mean between the day’s last bid and ask prices.

Holdings  

Holdings   

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*Holdings are subject to change without notice.