IQIN
IQ 500 International ETF
IQIN tracks an index of developed market ex-US stocks. The index uses fundamental factors for selection and weighting.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
25 bp
EXPENSES
$183.2 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | New York Life |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 12, 2018 |
| Assets (mns) | $183 |
| 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 % |
| GLENCORE INTERNATIONAL PLC | 1.3 % |
| NESTLE SA-REG | 1.2 % |
| FIAT CHRYSLER AUTOMOBILES N.V. | 1.1 % |
| DEUTSCHE TELEKOM AG | 1.0 % |
| SHELL PLC | 1.0 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.0 % |
| TOTAL SA | 0.9 % |
| ROCHE HOLDING AG-BR | 0.9 % |
| DEUTSCHE POST AG-REG | 0.9 % |
Constituent Breakdown
| Number of holdings | 515 |
| Herfindahl-Hirschman Index | 38 |
| Wgt avg mkt cap (mns) | $60,817 |
| Large cap (>$10bn) | 80.1% |
| Mid cap ($2-10bn) | 18.4% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 26.7 % |
 |
BRITAIN | 12.7 % |
 |
FRANCE | 11.5 % |
 |
GERMANY | 11.0 % |
 |
CANADA | 7.3 % |
 |
SWITZERLAND | 6.4 % |
 |
AUSTRALIA | 3.5 % |
 |
SPAIN | 3.2 % |
 |
NETHERLANDS | 2.9 % |
 |
ITALY | 2.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -1.6% | 4.6% | 11.8% | 2.8% | 6.7% | -- | 8.1% | Volatility | 10.9% | 12.2% | 16.1% | 16.0% | 19.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 67% |
| MSCI EAFE | 0.98 | 94% |
| MSCI Emg Mkts | 0.78 | 62% |
Liquidity Measures
| Avg. volume (000) | 15 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $41,670 |
Technical Indicators
| Recent close | $33.16 |
| 30d moving avg. | $33.29 |
| Annualized volatility | 17.5% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.6% |
| 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 | 57.3% | 0 bp | +0.5% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 55.4% | +20 bp | -0.1% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 53.9% | 0 bp | -1.7% |
| JHMD | John Hancock Multifactor Developed International ETF | 53.1% | +14 bp | -1.3% |
| BKIE | BNY Mellon International Equity ETF | 52.2% | -21 bp | -1.9% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 51.0% | -5 bp | -1.9% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 50.5% | -5 bp | -2.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 50.0% | +11 bp | -2.2% |
| EFA | iShares MSCI EAFE ETF | 49.2% | +10 bp | -2.2% |
| DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 48.4% | +15 bp | -0.9% |
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
| 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 | --% |
Based on closing prices from 7/25/2024
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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
8.7%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.7% |
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 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. IQIN's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places IQIN in the 74th 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
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| IQIN (25 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IQIN | 25.0 | 14.5 | 39.5 |
| Peer Avg. | 33.7 | 17.7 | 51.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .