WRND

IQ Global Equity R&D Leaders ETF

WRND tracks an index that seeks to provide exposure to global large- and mid-cap companies that have high research and development spending, and attractive future growth potential.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

6.4 M

ASSETS UNDER MGMT

18 bp

EXPENSES
Fund Basics
Fund sponsorNew York Life
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateFeb 08, 2022
Assets (mns)$6
Expense ratio18 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionFundamental
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
AMAZON.COM INC 5.5 %
META PLATFORMS INC 4.1 %
ALPHABET INC. CLASS A 4.1 %
VOLKSWAGEN AG-PFD 2.9 %
SAMSUNG ELECTRONICS CO LTD 2.8 %
APPLE INC 2.8 %
MICROSOFT CORP 2.6 %
ROCHE HOLDING AG-BR 2.3 %
MERCK & CO. INC. 1.9 %
JOHNSON & JOHNSON 1.8 %
Constituent Breakdown
Number of holdings203
Herfindahl-Hirschman Index 150
Wgt avg mkt cap (mns)$570,429
Large cap (>$10bn)95.6%
Mid cap ($2-10bn)1.8%
Small cap (<$2bn)0.0%
Developed mkts.86.9%
Emerging mkts.13.1%
Country Exposure
UNITED STATES 49.6 %
GERMANY 10.3 %
CHINA 9.6 %
JAPAN 7.6 %
SOUTH KOREA 4.5 %
SWITZERLAND 4.2 %
BRITAIN 3.4 %
FRANCE 2.3 %
TAIWAN 1.7 %
NETHERLANDS 1.5 %
Historical Performance


Standardized Performance (as of 03/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 5.1% 11.5% 20.3% 8.6% -- -- -- 7.1%
Dividend Yield -4.9% -7.4% -6.7% -0.9% -- -- -- 0.6%
Total Returns 0.3% 4.1% 13.6% 7.8% -- -- -- 7.7%
Ann. Volatility 12.6% 13.9% 13.7% 18.1% -- -- -- 18.2%
Market Correlations
versus...BetaR-squared
S&P 5000.9786%
MSCI EAFE0.9277%
MSCI Emg Mkts0.8463%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.27%
ADV of underlying (mns)$158,315
Technical Indicators
Recent close$28.42
30d moving avg.$29.35
Annualized volatility18.2%
Relative strength (RSI)41
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)

Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial

Risk and Returns: WRND 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.

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Results & Estimates
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Valuation Metrics
  2024 2025E Fwd Est 2026E
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 --%
1.7 13.8 2.2 1.7% --
Based on closing prices from 4/23/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
WRND



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

Some content on this tab for Individual & Professional subscribers only. Start your FREE trial

ETF Research Center Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

WRND

8.3%

Cat. Avg

4.7%


ALTAR Score™ Calculation

Category Overview
There are 365 funds in the Global Equity category, with an average ALTAR Score™ of 4.7% and a standard deviation of 4.2%. WRND's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places WRND in the 80th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
WRND (18 bp) Percentile rank 2
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
WRND 18.0 27.1 45.1
Peer Avg. 55.2 32.9 88.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .