HART

IQ Healthy Hearts ETF

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


Rules-Based, Concentrated

MANAGEMENT MATRIX

IXJ

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorNew York Life
CategoryGlobal Equities
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
ELI LILLY & CO 6.1 %
NOVO NORDISK A/S-B 5.5 %
ABBOTT LABORATORIES 5.4 %
JOHNSON & JOHNSON 5.0 %
NOVARTIS AG 4.9 %
ALPHABET INC. CLASS A 4.7 %
ASTRAZENECA PLC 4.6 %
APPLE INC 4.4 %
NIKE INC -CL B 4.4 %
UNITEDHEALTH GROUP INC 4.2 %
Constituent Breakdown
Number of holdings83
Herfindahl-Hirschman Index 320
Wgt avg mkt cap (mns)$406,485
Large cap (>$10bn)84.1%
Mid cap ($2-10bn)13.9%
Small cap (<$2bn)2.0%
Developed mkts.97.5%
Emerging mkts.2.6%
Country Exposure
UNITED STATES 64.2 %
BRITAIN 6.3 %
SWITZERLAND 6.0 %
DENMARK 5.5 %
IRELAND 3.3 %
FRANCE 2.7 %
GERMANY 2.1 %
JAPAN 1.5 %
CANADA 1.1 %
SWEDEN 1.0 %
Historical Performance


Standardized Annual Returns (as of 04/30/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
2.0% 4.8% 4.8% 5.2% -- -- 6.4%
Market Correlations
versus...BetaR-squared
S&P 5000.6975%
MSCI EAFE0.7276%
MSCI Emg Mkts0.5038%
Liquidity Measures
Avg. volume (000)1
Turnover0.3%
Avg. Bid/Ask (% of price)0.31%
ADV of underlying (mns)$24,837
Technical Indicators
Recent close$30.59
30d moving avg.$27.72
Annualized volatility14.2%
Relative strength (RSI)69
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: 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 --%
2.1 19.8 3.4 1.8% --
Based on closing prices from 5/24/2024
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

HART

5.2%

Cat. Avg

3.7%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.2%
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 340 funds in the Global Equities category, with an average ALTAR Score™ of 3.7% and a standard deviation of 4.7%. HART's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places HART in the 63rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
HART
Peer Average
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)
HART 45.0 30.9 75.9
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .