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About NYLI Candriam U.S. Mid Cap Equity ETF
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Inception date
Oct 25, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
ISIN
US45409B2482
IQSM is a passively managed fund that holds a portfolio of US mid-cap stocks from various sectors that meet ESG criteria, as determined by the sub-adviser. Index inclusion combines sector-specific analysis and ranking of issuer-specific factors, such as corporate governance and labor practices, along with a macro analysis of the issuers exposure to global sustainability trends, including health and wellness. Companies in the top 70% within each industry sector are selected. Excluded are companies that do not comply with principles within the UN Global Compact, as well as those engaged in businesses beyond minimum thresholds (e.g., operating in the nuclear sector, utilizing animal testing or genetic modification in R&D). The selection process seeks to maintain exposure to all industry sectors. The portfolio is weighted by market-cap, subject to cap and sector limits. The index is reconstituted and rebalanced quarterly. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
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Classification
What's in the fund
Exposure type
Finance
Technology Services
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IQSM assets under management is 216.06 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IQSM invests in stocks. See more details in our Analysis section.
IQSM expense ratio is 0.15%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IQSM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, IQSM pays dividends to its holders with the dividend yield of 1.20%.
IQSM shares are issued by New York Life Insurance Co.
IQSM follows the NYLI Candriam U.S. Mid Cap Equity Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 25, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.