IQ MacKay ESG High Income ETFIQ MacKay ESG High Income ETFIQ MacKay ESG High Income ETF

IQ MacKay ESG High Income ETF

No trades

Key stats


Assets under management (AUM)
‪112.70 M‬USD
Fund flows (1Y)
‪54.01 M‬USD
Dividend yield (indicated)
6.90%
Discount/Premium to NAV
−0.2%
Shares outstanding
‪4.35 M‬
Expense ratio
0.41%

About IQ MacKay ESG High Income ETF


Issuer
New York Life Insurance Co.
Brand
New York Life Investments
Inception date
Oct 25, 2022
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
Identifiers
3
ISIN US45409F7362
CFI code
CEOJLS
IQHI targets high-yield corporate bonds from around the world. The portfolio consists of corporate debt securities, convertible corporate securities, collateralized debt obligations and other asset-backed securities, as well as loans and loan participation interests. The fund invests in securities of any maturity that are rated below investment grade (i.e., lower than BBB- and Baa3). To construct the portfolio, the sub-adviser combines a top-down macro analysis with a bottom-up approach designed to identify businesses with improving prospects trading at attractive valuations. The fund may invest up to 20% of its net assets in equity and other equity-related securities and up to 10% in underlying funds. As an actively managed fund, the sub-adviser have full discretion to adjust the portfolio at any time. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ. Effective February 15, 2025, the fund dropped its ESG name claim as well as its ESG investment considerations.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Breakdown by region
1%93%4%0.8%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently asked questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IQHI trades at 25.91 USD today, its price has risen 0.10% in the past 24 hours. Track more dynamics on IQHI price chart.
IQHI net asset value is 25.96 today — it's risen 0.10% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
IQHI assets under management is ‪112.70 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
IQHI price has fallen by −0.70% over the last month, and its yearly performance shows a −0.77% decrease. See more dynamics on IQHI price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.39% increase in three-month performance and has increased by 7.63% in a year.
IQHI fund flows account for ‪54.01 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IQHI invests in bonds. See more details in our Analysis section.
IQHI expense ratio is 0.41%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IQHI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, IQHI technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating IQHI shows the sell signal. See more of IQHI technicals for a more comprehensive analysis.
Yes, IQHI pays dividends to its holders with the dividend yield of 6.90%.
IQHI trades at a premium (0.20%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
IQHI shares are issued by New York Life Insurance Co.
IQHI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 25, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.