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IQ Ultra Short Duration ETF (ULTR)

ETF Overview

Summary

The Fund’s primary objective is to provide current income while maintaining limited price volatility. The IQ Ultra Short Duration ETF is actively managed, with a duration target of less than one year, and is comprised of investment grade corporate bonds, commercial paper, and cash, as well as exposure to asset-backed and mortgage-backed securities.

Experienced active managers
Active sector and security selection from the tenured team that manages a significant portion of the New York Life Insurance Company general account, with over 170 years of combined fixed income experience.

Capital preservation focus
The Fund will invest primarily in high-quality, investment-grade fixed income securities in pursuit of current income while maintaining limited price volatility.

Attractive risk-adjusted Income
Seeks to provide higher risk-adjusted yield than traditional cash strategies while maintaining a duration target of less than one-year, which helps to manage the impact of interest rate volatility.

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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 10 Year Since Inception3
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Fund History (%)
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1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception3
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Index History (%)
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QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception3
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Fund History (%)
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QTD YTD 1 Year 3 Year 5 Year 10 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. The Fund is actively managed and does not seek to track the performance of the Index.

Before you invest:

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

Investors should not expect the Fund’s returns to track the returns of any index or market for any period of time.

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 could ultimately liquidate.

The risks of investing in debt or fixed-income securities include (without limitation): credit risk, maturity risk, market risk, interest rate risk and call risk.

Interest rates in the United States are near historic lows, and the Fund currently faces a heightened level of interest rate risk. To the extent the Federal Reserve Board continues to raise the federal fund rates, there is a risk that interest rates across the financial system may rise, possibly significantly and/or rapidly. Rising interest rates or lack of market participants may lead to decreased liquidity and increased volatility in the fixed-income or debt markets, making it more difficult for the Fund to sell its fixed-income or debt holdings at a time when the Subadvisor might wish to sell. Decreased liquidity in the fixed-income or debt markets also may make it more difficult to value some or all of the Fund’s fixed-income or debt holdings.

When the Fund invests in foreign markets, it will be subject to risk of loss not typically associated with domestic markets. Loss may result because of less foreign government regulation, less public information and less economic, political and social stability. Loss may also result from the imposition of exchange controls, confiscations and other governmental restrictions.

* Fund Inception Date: July 31, 2019. The Index and Fund performance since inception in the table above is based on the Fund inception date.

Fund shares are not individually redeemable and will be issued and redeemed at the NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units”, and otherwise, can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in-kind.

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

2. Other Expenses have been estimated for the Fund's current fiscal year. The Fund has Total Annual Fund Operating Expenses of 0.58%.

3. IndexIQ Advisors LLC (the "Advisor") has contractually agreed, until August 31, 2020, 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 0.24% of the average daily net assets of the Fund.

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). Since May 31, 2016, the price used to calculate the market price returns ("MP") is the mean between the day's last bid and ask prices on the fund’s primary exchange. Any market price returns prior to May 31, 2019, 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.