IQIN
IQ 500 International ETF
IQIN tracks an index of developed market ex-US stocks. The index uses fundamental factors for selection and weighting.
Fund Basics
| Fund sponsor | New York Life |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 12, 2018 |
| Assets (mns) | $191 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TOYOTA MOTOR CORP | 1.4 % |
| DEUTSCHE POST AG-REG | 1.2 % |
| SHELL PLC | 1.2 % |
| TOTAL SA | 1.1 % |
| MITSUBISHI CORP | 1.1 % |
| STATOILHYDRO ASA | 1.0 % |
| GLENCORE INTERNATIONAL PLC | 1.0 % |
| VOLKSWAGEN AG-PFD | 1.0 % |
| NESTLE SA-REG | 0.9 % |
| ENEL SPA | 0.9 % |
Constituent Breakdown
| Number of holdings | 499 |
| Herfindahl-Hirschman Index | 38 |
| Wgt avg mkt cap (mns) | $24,457 |
| Large cap (>$10bn) | 30.1% |
| Mid cap ($2-10bn) | 17.0% |
| Small cap (<$2bn) | 1.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 30.6 % |
 |
GERMANY | 11.7 % |
 |
FRANCE | 11.4 % |
 |
BRITAIN | 10.5 % |
 |
CANADA | 7.2 % |
 |
SWITZERLAND | 5.6 % |
 |
ITALY | 3.3 % |
 |
SPAIN | 3.2 % |
 |
AUSTRALIA | 3.2 % |
 |
NETHERLANDS | 2.5 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 13.8% | 21.5% | 1.2% | 11.3% | -- | -- | 8.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 67% |
| MSCI EAFE | 1.06 | 94% |
| MSCI Emg Mkts | 0.86 | 59% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $25,296 |
Technical Indicators
| Recent close | $30.60 |
| 30d moving avg. | $31.16 |
| Annualized volatility | 20.0% |
| Relative strength (RSI) | 45 |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IQIN |
Expenses vs. IQIN |
ALTAR Score™ vs. IQIN |
|---|---|---|---|---|
| FNDF | Schwab Fundamental International Large Co. Index ETF | 60.8% | 0 bp | -0.1% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 57.9% | +20 bp | -0.5% |
| MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 54.2% | +14 bp | -1.4% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 53.2% | 0 bp | -0.8% |
| PXUS | Principal International Adaptive Multi-Factor ETF | 53.1% | -1 bp | -2.2% |
| JHMD | John Hancock Multifactor Developed International ETF | 52.9% | +14 bp | -1.4% |
| BKIE | BNY Mellon International Equity ETF | 52.6% | -21 bp | -1.3% |
| HFXI | IQ 50 Percent Hedged FTSE International ETF | 50.2% | -5 bp | -1.8% |
| IVLU | iShares Edge MSCI Intl Value Factor ETF | 49.9% | +5 bp | +1.8% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 49.8% | +10 bp | -2.2% |
Risk and Returns: IQIN 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 9/26/2023
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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
IQIN
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™
IQIN
9.7%
Cat. Avg
8.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.7% |
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 271 funds in the International Equities category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. IQIN's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places IQIN in the 72nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IQIN
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) |
|
|---|---|---|---|
| IQIN | 25.0 | 16.8 | 41.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .