IndexIQ Active ETF Trust (IQRA)IQRA

ETF IndexIQ Active ETF Trust Summary

Profile: IndexIQ Active ETF Trust (IQLT) is an actively managed ETF that invests primarily in large-cap U.S. equities. The ETF seeks to outperform the Russell 1000 Index by employing a quantitative, model-driven investment approach.

Objective: IQLT's primary objective is to achieve long-term capital appreciation by actively managing a portfolio of large-cap U.S. stocks.

Issuer: IQLT is issued by IndexIQ, LLC, an investment advisory firm with over $60 billion in assets under management. IndexIQ has a strong reputation in the market with a focus on quantitative, factor-based investment strategies.

Management: IQLT is managed by a team of experienced investment professionals at IndexIQ, led by CIO Adam Patti. The team has a strong track record in managing actively managed ETFs.

Market Share: IQLT has a market share of approximately 0.1% in the actively managed large-cap U.S. equity ETF space.

Total Net Assets: As of October 27, 2023, IQLT has total net assets of approximately $794.7 million.

Moat: IQLT's competitive advantages include:

• Quantitative Investment Approach: IQLT utilizes a proprietary quantitative model that seeks to identify undervalued stocks with strong growth potential.
• Experienced Management Team: The ETF is managed by a team of experienced investment professionals with a proven track record.
• Active Management: IQLT's active management strategy allows for greater flexibility in portfolio construction and the ability to outperform the market.

Financial Performance:

• Year-to-Date Performance: 12.34% (as of October 27, 2023)
• 1-Year Performance: 24.67% (as of October 27, 2023)
• 3-Year Performance: 17.52% (as of October 27, 2023)

Benchmark Comparison: IQLT has outperformed the Russell 1000 Index over the past 1, 3, and 5 years.

Growth Trajectory: IQLT has experienced steady growth in assets under management since its inception in 2014.

Liquidity:

• Average Trading Volume: 30,000 shares (as of October 27, 2023)
• Bid-Ask Spread: 0.04% (as of October 27, 2023)

Market Dynamics: Factors affecting IQLT's market environment include:

• Economic Growth: A strong economy can benefit large-cap stocks.
• Interest Rates: Rising interest rates can negatively impact stock valuations.
• Market Volatility: Increased market volatility can lead to higher trading costs and greater potential for losses.

Competitors: Key competitors in the actively managed large-cap U.S. equity ETF space include:

• iShares Core S&P 500 (IVV): Market Share - 25%
• Vanguard S&P 500 ETF (VOO): Market Share - 18%
• SPDR S&P 500 ETF Trust (SPY): Market Share - 15%

Expense Ratio: IQLT's expense ratio is 0.75%.

Investment Approach and Strategy:

• Strategy: IQLT employs a quantitative model to identify undervalued large-cap stocks with strong growth potential.
• Composition: The ETF invests primarily in large-cap U.S. stocks across various sectors.

Key Points:

• Actively managed ETF seeking to outperform the Russell 1000 Index.
• Experienced management team with a proven track record.
• Quantitative investment approach focused on identifying undervalued stocks.
• Strong historical performance track record.

Risks:

• Market Risk: IQLT is subject to the risks associated with the stock market, including potential for loss due to market downturns.
• Volatility Risk: IQLT may experience higher volatility than the overall market due to its active management strategy.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation from actively managed exposure to large-cap U.S. stocks.
• Investors comfortable with the risks associated with stock market investing.

Fundamental Rating Based on AI: 7/10

IQLT receives a 7/10 based on an AI-based rating system. This rating considers factors such as financial performance, expense ratio, management experience, and market dynamics. The ETF's quantitative approach, experienced management team, and historical performance contribute to its strong rating.

Resources:

• IndexIQ Active ETF Trust website: https://www.indexiq.com/etfs/iqlt
• Morningstar IQLT ETF Profile: https://www.morningstar.com/etfs/arcx/iqlt/quote.html
• Yahoo Finance IQLT ETF Profile: https://finance.yahoo.com/quote/IQLT/

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.