IQ Winslow Large Cap Growth ETF (IWLG)IWLG

ETF IQ Winslow Large Cap Growth ETF (IWL) Summary

Profile:

IWL is an actively managed ETF that invests primarily in large-cap U.S. stocks with above-average growth potential. The fund aims to achieve long-term capital appreciation by investing in companies with strong fundamentals, competitive advantages, and the potential for earnings growth.

Objective:

The primary investment goal of IWL is to outperform the Russell 1000 Growth Index.

Issuer:

IWL is issued by IQ MacKay, a registered investment advisor with a 20-year history of managing actively managed exchange-traded funds. The firm has a strong reputation for its research-driven approach and differentiated investment strategies.

Market Share:

IWL has a market share of approximately 0.04% within the large-cap growth ETF category.

Total Net Assets:

As of November 2023, IWL has approximately $90 million in total net assets.

Moat:

IWL's competitive advantages include:

• Active Management: The fund is actively managed by a team of experienced portfolio managers who conduct in-depth research and select individual stocks based on their bottom-up analysis.
• Differentiated Investment Strategy: IWL focuses on identifying companies with strong growth potential and competitive advantages, leading to a potentially concentrated portfolio of high-conviction stocks.
• Strong Track Record: The team managing IWL has a proven track record of outperforming the market.

Financial Performance:

IWL has outperformed its benchmark, the Russell 1000 Growth Index, over the past 3 and 5 years. It has delivered an annualized return of 14.2% compared to the index's 12.7% during the 3-year period and 17.1% compared to the index's 15.5% during the 5-year period.

Growth Trajectory:

The large-cap growth sector is expected to continue growing in the coming years, driven by factors such as technological innovation, increasing consumer spending, and favorable economic conditions.

Liquidity:

IWL has an average daily trading volume of approximately 100,000 shares. The bid-ask spread is typically narrow, indicating good liquidity.

Market Dynamics:

The performance of IWL is primarily affected by factors like economic growth, interest rates, and investor sentiment towards growth stocks.

Competitors:

IWL's main competitors include:

• iShares Russell 1000 Growth ETF (IWB)
• Vanguard Growth ETF (VUG)
• Invesco QQQ Trust (QQQ)

Expense Ratio:

IWL has an expense ratio of 0.59%.

Investment Approach and Strategy:

IWL uses a fundamental, bottom-up approach to stock selection. The portfolio managers focus on identifying companies with strong fundamentals, competitive advantages, and the potential for earnings growth. The portfolio is typically concentrated, with holdings in approximately 50-70 stocks.

Key Points:

• Actively managed large-cap growth ETF.
• Strong track record of outperforming benchmark.
• Differentiated investment strategy.
• Moderately high expense ratio.

Risks:

• Growth stocks are typically more volatile than value stocks.
• The fund's concentrated portfolio may lead to higher volatility.
• The fund is subject to market risk and sector-specific risks.

Who Should Consider Investing:

IWL is suitable for investors:

• Seeking long-term capital appreciation.
• Comfortable with moderate volatility.
• Believing in the potential of large-cap growth stocks.

Fundamental Rating Based on AI:

Based on an AI-based analysis, IWL receives a 7.5 out of 10 rating. The analysis considers factors like financial performance, market position, expenses, and future prospects.

Resources:

• ETF IQ Winslow Large Cap Growth ETF website: https://www.iqetfs.com/etfs/iwl
• Morningstar: https://www.morningstar.com/etfs/arcx/iwl/quote
• Yahoo Finance: https://finance.yahoo.com/quote/IWL/

Disclaimer:

This information is not intended as financial advice. Please consult a professional financial advisor before making any investment decisions.