HART

IQ Healthy Hearts ETF

HART tracks a market-cap-weighted index composed of global stocks with favorable health-related ESG ratings.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

9.0 M

ASSETS UNDER MGMT

45 bp

EXPENSES
Fund Basics
Fund sponsorNew York Life
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJan 14, 2021
Assets (mns)$9
Expense ratio45 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
UNITEDHEALTH GROUP INC 5.7 %
APPLE INC 5.6 %
JOHNSON & JOHNSON 5.4 %
PFIZER INC 5.3 %
NOVARTIS AG 5.3 %
ABBOTT LABORATORIES 5.1 %
ASTRAZENECA PLC 5.0 %
ELI LILLY & CO 4.8 %
ALPHABET INC. CLASS A 4.8 %
NOVO NORDISK A/S-B 4.6 %
Constituent Breakdown
Number of holdings84
Herfindahl-Hirschman Index 331
Wgt avg mkt cap (mns)$510,878
Large cap (>$10bn)82.8%
Mid cap ($2-10bn)14.0%
Small cap (<$2bn)3.1%
Developed mkts.97.2%
Emerging mkts.2.8%
Country Exposure
UNITED STATES 64.0 %
SWITZERLAND 6.4 %
BRITAIN 6.4 %
DENMARK 5.3 %
FRANCE 3.0 %
IRELAND 2.7 %
GERMANY 2.5 %
JAPAN 2.0 %
CANADA 1.1 %
NETHERLANDS 1.0 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 15.7% 23.9% 19.1% 8.1% -- -- 9.5%
Volatility 9.3% 10.1% 13.5% 13.8% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.6973%
MSCI EAFE0.7278%
MSCI Emg Mkts0.5341%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.31%
ADV of underlying (mns)$29,159
Technical Indicators
Recent close$32.61
30d moving avg.$32.97
Annualized volatility14.4%
Relative strength (RSI)63
Short interest (ETF)0.1%
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: HART 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 --%
2.0 20.1 3.3 1.9% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
HART



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™

HART

4.7%

Cat. Avg

4.1%


ALTAR Score™ Calculation

Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™ of 4.1% and a standard deviation of 4.6%. HART's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places HART in the 56th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

HART
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
HART (45 bp) Percentile rank 28
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
HART 45.0 30.9 75.9
Peer Avg. 56.5 39.6 96.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .