IQSM

IQ Candriam U.S. Mid Cap Equity ETF

IQSM tracks a market cap-weighted index that provides exposure to US mid-cap stocks that meet environmental, social, and corporate governance criteria.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

216.8 M

ASSETS UNDER MGMT

15 bp

EXPENSES
Fund Basics
Fund sponsorNew York Life
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 25, 2022
Assets (mns)$217
Expense ratio15 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionPrinciples-based
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
REGAL BELOIT CORP 1.1 %
GODADDY, INC. CLASS A 1.0 %
PACKAGING CORP OF AMERICA 1.0 %
EMCOR GROUP INC 0.9 %
MASCO CORP 0.9 %
NORTONLIFELOCK INC 0.9 %
BURLINGTON STORES INC 0.9 %
MANHATTAN ASSOCIATES INC 0.9 %
OWENS CORNING 0.9 %
UNITED THERAPEUTICS CORP 0.9 %
Constituent Breakdown
Number of holdings219
Herfindahl-Hirschman Index 55
Wgt avg mkt cap (mns)$12,153
Large cap (>$10bn)64.0%
Mid cap ($2-10bn)35.9%
Small cap (<$2bn)0.1%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 92.6 %
BRITAIN 2.1 %
BERMUDA 1.3 %
IRELAND 1.0 %
SINGAPORE 0.7 %
NETHERLANDS 0.5 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 17.8% 28.8% -- -- -- -- 20.4%
Volatility 14.8% 15.7% 17.2% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.3481%
MSCI EAFE1.0969%
MSCI Emg Mkts0.9042%
Liquidity Measures
Avg. volume (000)8
Turnover0.1%
Avg. Bid/Ask (% of price)0.22%
ADV of underlying (mns)$20,544
Technical Indicators
Recent close$32.73
30d moving avg.$34.60
Annualized volatility18.9%
Relative strength (RSI)53
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: IQSM vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.5 15.9 2.3 1.4% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IQSM



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

IQSM

6.0%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.6%. IQSM's ALTAR Score™ is approximately 0.2 standard deviations above the category average. This places IQSM in the 56th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

IQSM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
IQSM (15 bp) Percentile rank 17
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IQSM 15.0 22.2 37.2
Peer Avg. 30.3 14.0 44.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .