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Upturn AI SWOT - About
IndexIQ Active ETF Trust - IQ MacKay ESG Core Plus Bond ETF (ESGB)
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Upturn Advisory Summary
04/01/2025: ESGB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 3.06% | Avg. Invested days 40 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 31220 | Beta 1.06 | 52 Weeks Range 19.44 - 21.36 | Updated Date 04/2/2025 |
52 Weeks Range 19.44 - 21.36 | Updated Date 04/2/2025 |
Upturn AI SWOT
IndexIQ Active ETF Trust - IQ MacKay ESG Core Plus Bond ETF
ETF Overview
Overview
The IQ MacKay ESG Core Plus Bond ETF (MKYB) is an actively managed ETF that seeks to provide total return by investing primarily in investment grade debt securities while integrating Environmental, Social, and Governance (ESG) factors into the investment process.
Reputation and Reliability
IndexIQ is known for its alternative ETF solutions and innovative approach to investing. They have a solid reputation for providing diversified investment options.
Management Expertise
MacKay Shields LLC manages the ETF, bringing significant experience in fixed income investing and ESG integration.
Investment Objective
Goal
To seek total return by investing primarily in investment grade debt securities while considering ESG factors.
Investment Approach and Strategy
Strategy: Actively managed, focusing on investment-grade debt while integrating ESG considerations in security selection and portfolio construction.
Composition Primarily invests in investment-grade corporate bonds, government securities, and mortgage-backed securities.
Market Position
Market Share: MKYB's market share is relatively small compared to larger, more established core bond ETFs.
Total Net Assets (AUM): 167372931
Competitors
Key Competitors
- AGG
- LQD
- BND
- BSCI
- VUSB
Competitive Landscape
The core bond ETF market is highly competitive, with a few large players dominating the landscape. MKYB differentiates itself through its active management and ESG focus, potentially appealing to socially conscious investors. However, it faces competition from lower-cost, passive ETFs.
Financial Performance
Historical Performance: Historical performance data needs to be sourced from financial data providers; include returns for 1-year, 3-year, 5-year and 10-year periods to evaluate performance.
Benchmark Comparison: Compare MKYB's performance against benchmarks such as the Bloomberg Barclays U.S. Aggregate Bond Index to assess its relative performance.
Expense Ratio: 0.23
Liquidity
Average Trading Volume
The average trading volume for MKYB is moderate, indicating reasonable liquidity but may be lower than more popular bond ETFs.
Bid-Ask Spread
The bid-ask spread for MKYB is typically moderate, reflecting its liquidity and trading activity.
Market Dynamics
Market Environment Factors
Interest rate movements, credit spreads, and overall economic conditions influence the performance of MKYB, along with the demand for ESG-focused investments.
Growth Trajectory
MKYB's growth depends on increasing investor interest in active management, ESG investing, and its ability to deliver competitive risk-adjusted returns.
Moat and Competitive Advantages
Competitive Edge
MKYB's competitive edge lies in its active management, ESG integration, and the expertise of MacKay Shields. The fund's ESG focus may attract investors seeking socially responsible investments. Its active management strategy aims to outperform passive benchmarks. The firm's expertise in fixed income management could contribute to better risk-adjusted returns.
Risk Analysis
Volatility
The volatility of MKYB is typical for core-plus bond funds, influenced by interest rate sensitivity and credit risk.
Market Risk
Market risks include interest rate risk (rising rates can decrease bond values), credit risk (risk of issuer default), and liquidity risk (difficulty selling bonds at a fair price).
Investor Profile
Ideal Investor Profile
The ideal investor for MKYB is a socially conscious investor seeking total return through investment-grade debt while aligning their investments with ESG principles.
Market Risk
MKYB is suitable for long-term investors seeking a core bond allocation with an ESG focus. It may also appeal to those who believe active management can add value in the fixed income market.
Summary
MKYB is an actively managed ESG-focused core plus bond ETF that seeks to provide total return through investment-grade debt securities. Its key differentiator is the incorporation of ESG factors in the investment process alongside MacKay Shield's active management expertise. MKYB is ideal for socially conscious investors looking for a core bond allocation, but it faces competition from larger, lower-cost passive ETFs. Investors should consider its expense ratio, trading volume, and risk factors before investing.
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Sources and Disclaimers
Data Sources:
- IndexIQ Website
- ETF.com
- Morningstar
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About IndexIQ Active ETF Trust - IQ MacKay ESG Core Plus Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests at least 80% of its assets in bonds, which include all types of debt securities. The fund generally seeks to invest in a broad portfolio of corporate, government, and mortgage-related and asset-backed securities. The fund"s investments may also include convertible corporate securities, loans and loan participation interests.
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