Key stats
About NYLI Global Equity R&D Leaders ETF
Home page
Inception date
Feb 8, 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
US45409B2557
WRND seeks exposure to innovative companies that are consistently reinvesting into their research and development activities, whilst exhibiting strong growth potential. It focuses on large- and mid-cap companies around the world, with at least 40% of its net assets invested in foreign countries. Selection begins with the components of the FTSE All-World Index, the parent index, which contains 200 constituents. These securities are those with the highest reported one-year dollar amount of research and development spending, intended for the innovation and expansion of present capabilities for revenue increase. Constituent weighting is also based on the same sense, highlighting actual fundamentals instead of future estimates, with individual capping at 5%. The index is reconstituted and rebalanced quarterly. WRND launched alongside LRND and MRND to round out IndexIQs growth ETF equity suite. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Producer Manufacturing
Health Technology
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.
WRND assets under management is 8.31 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.
WRND invests in stocks. See more details in our Analysis section.
WRND expense ratio is 0.18%. 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, WRND 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, WRND pays dividends to its holders with the dividend yield of 1.22%.
WRND shares are issued by New York Life Insurance Co.
WRND follows the NYLI Global Equity R&D Leaders 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 Feb 8, 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.