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IQ Real Return ETF
ETF
CPI
Payout Change
Pending
Price as of:
$25.6047
+-0.0
+-0.02%
primary theme
N/A
CPI (ETF)
IQ Real Return ETF
Payout Change
Pending
Price as of:
$25.6047
+-0.0
+-0.02%
primary theme
N/A
CPI (ETF)
IQ Real Return ETF
Payout Change
Pending
Price as of:
$25.6047
+-0.0
+-0.02%
primary theme
N/A
Name
As of 12/12/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.0%
1 yr return
4.1%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
0.7%
Net Assets
$6.28 M
Holdings in Top 10
29.5%
52 WEEK LOW AND HIGH
$25.6
$24.49
$25.80
Expenses
OPERATING FEES
Expense Ratio 0.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/12/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CPI - Profile
Distributions
- YTD Total Return 6.0%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.56%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameIQ Real Return ETF
-
Fund Family NameIndexIQ
-
Inception DateOct 27, 2009
-
Shares Outstanding950000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Barrato
Fund Description
The Fund employs a “passive management” — or indexing — investment approach designed to track the performance of the Bloomberg IQ Multi-Asset Inflation Index (the “Underlying Index”), which has been developed by Bloomberg Index Services Limited (the “Index Provider”). The Underlying Index seeks to provide investors with a hedge against the inflation rate by providing diversified exposure to assets expected to benefit directly or indirectly from increases in the prices of goods and services (e.g., inflation) that have exhibited positive correlation to the Consumer Price Index (“CPI”) over long-term historical periods. CPI, which is published by the Bureau of Labor Statistics, is a measure of the average change in prices over time of goods and services purchased by households.
The Fund principally invests in securities included in the Underlying Index, which is comprised of U.S. Treasury Inflation-Protected Securities (“TIPS”) of short-, intermediate-, and long-term, U.S. large capitalization equity securities and commodities, which may include direct exposure to commodities or exposure through ETFs and/or other exchange-traded vehicles or other instruments. The Underlying Index typically consists of 500 to 600 component securities.
The Underlying Index construction process is based on the premise that capital market returns tend to be forward looking and anticipate economic developments, including inflation expectations. Since the Underlying Index’s objective is to provide diversified exposure to assets expected to benefit directly or indirectly from inflation, the index construction process rebalances the weights of the Underlying Index components on a monthly basis. Upon rebalancing, the exposures of the Underlying Index consist of:
•
60% short-, intermediate-, and long-term TIPS with a bias toward shorter duration TIPS, which are weighted based on market value;
•
30% U.S. large-capitalization equity securities, which are weighted based on a modified market capitalization methodology to provide overweight exposure to securities in sectors expected to benefit from inflation; and
•
Read More
10% commodities, typically through investments in ETFs and/or other exchange-traded vehicles which are weighted in a fixed allocation.
To the extent that the Fund’s Underlying Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investment to approximately the same extent as its Underlying Index. The Fund also may invest in one or more ETFs advised by the Advisor (“Affiliated ETFs”) that are not components of the index if such an investment will help the Fund track the Underlying Index.
CPI - Performance
Return Ranking - Trailing
| Period | CPI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.0% | -7.9% | 6.4% | 0.97% |
| 1 Yr | 4.1% | -14.5% | 4.8% | 0.97% |
| 3 Yr | -0.2%* | -15.1% | 6.2% | 37.00% |
| 5 Yr | 0.7%* | -5.2% | 4.3% | 97.96% |
| 10 Yr | 1.0%* | -1.8% | 2.6% | 86.36% |
* Annualized
Return Ranking - Calendar
| Period | CPI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -10.5% | -52.3% | -4.0% | 18.63% |
| 2022 | 0.9% | -7.9% | 7.7% | 40.50% |
| 2021 | -2.1% | -29.4% | 23.0% | 97.97% |
| 2020 | 4.8% | 0.8% | 16.7% | 70.41% |
| 2019 | -3.0% | -11.1% | -0.5% | 20.32% |
Total Return Ranking - Trailing
| Period | CPI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.0% | -7.9% | 6.4% | 0.97% |
| 1 Yr | 4.1% | -14.5% | 4.8% | 0.97% |
| 3 Yr | -0.2%* | -15.1% | 6.2% | 37.00% |
| 5 Yr | 0.7%* | -5.2% | 4.3% | 97.96% |
| 10 Yr | 1.0%* | -1.8% | 2.6% | 86.36% |
* Annualized
Total Return Ranking - Calendar
| Period | CPI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -7.6% | -40.1% | 9.2% | 28.92% |
| 2022 | 1.3% | -2.7% | 37.6% | 98.50% |
| 2021 | -1.2% | -1.2% | 27.5% | 100.00% |
| 2020 | 7.1% | 2.8% | 19.3% | 53.06% |
| 2019 | -1.7% | -8.3% | 0.6% | 54.55% |
CPI - Holdings
Concentration Analysis
| CPI | Category Low | Category High | CPI % Rank | |
|---|---|---|---|---|
| Net Assets | 6.28 M | 938 K | 52.4 B | 99.52% |
| Number of Holdings | 552 | 2 | 1535 | 10.53% |
| Net Assets in Top 10 | 1.91 M | 909 K | 26.8 B | 99.52% |
| Weighting of Top 10 | 29.48% | 9.2% | 100.1% | 88.94% |
Top 10 Holdings
- iShares GSCI Commodity Dynamic 6.42%
- Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 4.24%
- United States Treasury Inflation Indexed Bonds 2.48%
- United States Treasury Inflation Indexed Bonds 2.47%
- United States Treasury Inflation Indexed Bonds 2.46%
- United States Treasury Inflation Indexed Bonds 2.39%
- United States Treasury Inflation Indexed Bonds 2.30%
- United States Treasury Inflation Indexed Bonds 2.28%
- United States Treasury Inflation Indexed Bonds 2.24%
- United States Treasury Inflation Indexed Bonds 2.20%
Asset Allocation
| Weighting | Return Low | Return High | CPI % Rank | |
|---|---|---|---|---|
| Bonds | 56.47% | 0.00% | 188.34% | 94.74% |
| Stocks | 41.41% | 0.00% | 100.08% | 2.39% |
| Cash | 2.84% | -42.00% | 30.48% | 20.57% |
| Convertible Bonds | 0.06% | 0.00% | 3.96% | 37.80% |
| Preferred Stocks | 0.00% | 0.00% | 0.07% | 57.89% |
| Other | 0.00% | -55.66% | 61.13% | 85.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CPI % Rank | |
|---|---|---|---|---|
| Technology | 20.18% | 0.00% | 48.29% | 28.57% |
| Financial Services | 17.99% | 0.00% | 100.00% | 14.29% |
| Industrials | 11.16% | 0.00% | 11.16% | 7.14% |
| Healthcare | 11.13% | 0.00% | 11.13% | 7.14% |
| Consumer Cyclical | 8.29% | 0.00% | 16.99% | 28.57% |
| Communication Services | 7.40% | 0.00% | 17.02% | 28.57% |
| Energy | 7.25% | 0.00% | 10.65% | 42.86% |
| Consumer Defense | 5.34% | 0.00% | 31.30% | 64.29% |
| Utilities | 4.33% | 0.00% | 4.33% | 7.14% |
| Real Estate | 4.10% | 0.00% | 99.95% | 71.43% |
| Basic Materials | 2.83% | 0.00% | 22.13% | 42.86% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CPI % Rank | |
|---|---|---|---|---|
| US | 41.41% | 0.00% | 100.08% | 2.39% |
| Non US | 0.00% | 0.00% | 2.04% | 54.55% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CPI % Rank | |
|---|---|---|---|---|
| Government | 85.77% | 6.70% | 112.97% | 56.94% |
| Cash & Equivalents | 2.84% | 0.00% | 13.33% | 21.05% |
| Corporate | 0.24% | 0.00% | 50.64% | 65.55% |
| Derivative | 0.00% | -27.67% | 18.43% | 77.03% |
| Securitized | 0.00% | 0.00% | 58.03% | 87.08% |
| Municipal | 0.00% | 0.00% | 1.28% | 67.94% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CPI % Rank | |
|---|---|---|---|---|
| US | 56.47% | 0.00% | 163.90% | 94.26% |
| Non US | 0.00% | 0.00% | 54.30% | 73.68% |
CPI - Expenses
Operational Fees
| CPI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | 2.01% | 78.26% |
| Management Fee | 0.29% | 0.00% | 0.99% | 51.67% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.47% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| CPI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| CPI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CPI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 246.00% | 27.39% |
CPI - Distributions
Dividend Yield Analysis
| CPI | Category Low | Category High | CPI % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.40% | 0.00% | 10.19% | 19.14% |
Dividend Distribution Analysis
| CPI | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| CPI | Category Low | Category High | CPI % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.56% | -0.06% | 6.71% | 98.54% |
Capital Gain Distribution Analysis
| CPI | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 07, 2023 | $0.072 | OrdinaryDividend |
| Nov 07, 2023 | $0.067 | OrdinaryDividend |
| Oct 06, 2023 | $0.028 | OrdinaryDividend |
| Sep 08, 2023 | $0.055 | OrdinaryDividend |
| Aug 07, 2023 | $0.031 | OrdinaryDividend |
| Jul 10, 2023 | $0.072 | OrdinaryDividend |
| Jun 07, 2023 | $0.027 | OrdinaryDividend |
| May 05, 2023 | $0.212 | OrdinaryDividend |
| Feb 07, 2023 | $0.071 | OrdinaryDividend |
| Jan 06, 2023 | $0.199 | OrdinaryDividend |
| Sep 08, 2022 | $0.174 | OrdinaryDividend |
| Aug 05, 2022 | $0.100 | OrdinaryDividend |
| Jul 08, 2022 | $0.105 | OrdinaryDividend |
| Jun 07, 2022 | $0.078 | OrdinaryDividend |
| May 06, 2022 | $0.082 | OrdinaryDividend |
| Apr 07, 2022 | $0.090 | OrdinaryDividend |
| Jan 06, 2022 | $0.106 | OrdinaryDividend |
| Jan 07, 2021 | $0.269 | OrdinaryDividend |
| Jan 06, 2020 | $0.593 | OrdinaryDividend |
| Jan 03, 2019 | $0.348 | OrdinaryDividend |
| Jan 03, 2018 | $0.294 | OrdinaryDividend |
| Jan 05, 2016 | $0.003 | OrdinaryDividend |
| Jan 05, 2015 | $0.025 | OrdinaryDividend |
| Jan 03, 2014 | $0.027 | OrdinaryDividend |
| Jan 04, 2013 | $0.015 | OrdinaryDividend |
| Dec 30, 2010 | $0.004 | OrdinaryDividend |
CPI - Fund Manager Analysis
Managers
Greg Barrato
Start Date
Tenure
Tenure Rank
Feb 28, 2011
11.26
11.3%
Mr. Barrato has managed the MainStay VP IQ Hedge Multi-Strategy Portfolio since inception. Mr. Barrato joined IndexIQ Advisors LLC as a Vice President in November 2010 and has been a Senior Vice President of the IndexIQ Advisors LLC since August 2013. Prior to joining IndexIQ Advisors LLC, Mr. Barrato served as Head Global Equity Trader and Trader at Lucerne Capital Management, LLC from 2008 to 2010 and as Assistant Trader and Operations Manager at ReachCapital Management, LP from 2004 to 2008. Mr. Barrato is a 2002 graduate of the University of Connecticut.
James Harrison
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
James Harrison has been a member of the portfolio management team of IndexIQ Advisors LLC since 2015. Prior to joining IndexIQ, Mr. Harrison served as trading assistant, operations specialist and sales assistant at Cuttone & Company from 2010 to 2015. Mr. Harrison is a graduate of St. Lawrence University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 20.51 | 6.61 | 11.1 |
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