CLNR
IQ Cleaner Transport ETF
CLNR is a passively managed fund that invests in companies that support the transition to more sustainable and efficient transportation technologies. Holdings are selected through geographic and ESG screens, and weighted using market-cap.
Fund Basics
| Fund sponsor | New York Life |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2021 |
| Assets (mns) | $6 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TOYOTA MOTOR CORP | 3.4 % |
| BYD CO LTD-H | 3.3 % |
| INTEL CORP | 3.3 % |
| TESLA MOTORS INC | 3.2 % |
| ALPHABET INC. CLASS A | 3.1 % |
| ADVANCED MICRO DEVICES | 3.1 % |
| SCHNEIDER ELECTRIC SA | 3.0 % |
| SIEMENS AG-REG | 3.0 % |
| DAIMLER AG-REGISTERED SHARES | 3.0 % |
| ABB LTD. | 3.0 % |
Constituent Breakdown
| Number of holdings | 80 |
| Herfindahl-Hirschman Index | 218 |
| Wgt avg mkt cap (mns) | $256,272 |
| Large cap (>$10bn) | 91.7% |
| Mid cap ($2-10bn) | 7.5% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 88.9% |
| Emerging mkts. | 11.1% |
Country Exposure
 |
UNITED STATES | 34.3 % |
 |
GERMANY | 15.1 % |
 |
JAPAN | 14.1 % |
 |
CHINA | 6.8 % |
 |
FRANCE | 5.4 % |
 |
SWITZERLAND | 5.1 % |
 |
SPAIN | 3.5 % |
 |
NETHERLANDS | 2.9 % |
 |
BRITAIN | 2.5 % |
 |
TAIWAN | 2.4 % |
Historical Performance
Standardized Annual Returns (as of 09/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 16.9% | 29.8% | -- | -- | -- | -- | -8.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.27 | 86% |
| MSCI EAFE | 1.28 | 80% |
| MSCI Emg Mkts | 1.06 | 60% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $45,114 |
Technical Indicators
| Recent close | $20.74 |
| 30d moving avg. | $21.66 |
| Annualized volatility | 27.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.4% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CLNR |
Expenses vs. CLNR |
ALTAR Score™ vs. CLNR |
|---|---|---|---|---|
| OCEN | IQ Clean Oceans ETF | 37.3% | 0 bp | -0.4% |
| CARZ | First Trust NASDAQ Global Auto Index Fund | 34.7% | +25 bp | -1.2% |
| DRIV | Global X Autonomous & Electric Vehicles ETF | 32.4% | +23 bp | -2.1% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 29.1% | 0 bp | -0.4% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 23.9% | +23 bp | +0.1% |
| TEMP | JPMorgan Climate Change Solutions ETF | 22.8% | +4 bp | -1.0% |
| MVPS | Amplify Thematic All-Stars ETF | 22.4% | +4 bp | -4.5% |
| FDRV | Fidelity Electric Vehicles and Future Transportation ETF | 21.8% | -6 bp | -6.5% |
| SMOG | VanEck Low Carbon Energy ETF | 20.8% | +16 bp | -3.4% |
| AIQ | Global X Future Analytics Tech ETF | 20.1% | +23 bp | -2.2% |
Risk and Returns: CLNR 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 | --% |
Based on closing prices from 10/2/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CLNR
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CLNR
6.4%
Cat. Avg
3.8%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.4% |
Recommendation
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.
Category Overview
There are 349 funds in the Global Equities category, with an average ALTAR Score™
of 3.8% and a standard deviation of
5.0%. CLNR's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places CLNR in the 70th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CLNR
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CLNR | 45.0 | 25.2 | 70.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .