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

6.6 M

ASSETS UNDER MGMT

18 bp

EXPENSES
Fund Basics
Fund sponsorNew York Life
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateFeb 08, 2022
Assets (mns)$7
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 171
Wgt avg mkt cap (mns)$745,555
Large cap (>$10bn)96.4%
Mid cap ($2-10bn)1.9%
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 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 5.1% 12.7% 22.3% 10.6% -- -- 9.0%
Volatility 12.6% 13.9% 13.7% 18.1% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9684%
MSCI EAFE0.9279%
MSCI Emg Mkts0.8466%
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$29.46
30d moving avg.$30.94
Annualized volatility18.0%
Relative strength (RSI)44
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: 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.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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

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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 --%
0.8 12.2 1.5 2.3% --
Based on closing prices from 4/1/2025
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.

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ETF Research Center Rating

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

WRND

7.7%

Cat. Avg

4.0%


ALTAR Score™ Calculation

Category Overview
There are 356 funds in the Global Equity category, with an average ALTAR Score™ of 4.0% and a standard deviation of 5.0%. WRND's ALTAR Score™ is approximately 0.7 standard deviations above the category average. This places WRND in the 77th 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. 55.1 32.5 87.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .