IWFG
IQ Winslow Focused Large Cap Growth ETF
IWFG is an actively managed, non-transparent fund that seeks long-term capital appreciation by targeting US large-cap growth companies. It limits the number of its holdings, selecting only the top growth stocks using a bottom-up investment approach.
US
EQUITY
Active
MANAGEMENT STYLE
15.0 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | IndexIQ |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2022 |
| Assets (mns) | $15 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Non-Transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 13.6 % |
| NVIDIA CORP | 10.0 % |
| AMAZON.COM INC | 8.4 % |
| META PLATFORMS INC | 6.7 % |
| BROADCOM INC. | 6.5 % |
| NETFLIX INC | 4.2 % |
| APPLE INC | 4.1 % |
| AMPHENOL CORP-CL A | 3.9 % |
| ELI LILLY & CO | 3.7 % |
| ANALOG DEVICES INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 30 |
| Herfindahl-Hirschman Index | 617 |
| Wgt avg mkt cap (mns) | $1,413,880 |
| Large cap (>$10bn) | 105.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 105.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
IRELAND | 4.6 % |
 |
LUXEMBOURG | 2.7 % |
 |
CANADA | 1.5 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.0% | 18.5% | 26.3% | 24.0% | -- | -- | -- | 26.9% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 13.0% | 18.5% | 26.3% | 24.1% | -- | -- | -- | 27.0% | Ann. Volatility | 28.0% | 25.6% | 21.3% | 21.3% | -- | -- | -- | 21.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.15 | 88% |
| MSCI EAFE | 0.66 | 33% |
| MSCI Emg Mkts | 0.51 | 21% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $51.60 |
| 30d moving avg. | $51.76 |
| Annualized volatility | 18.8% |
| Relative strength (RSI) | 65 |
| Short interest | 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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| BGRO | iShares Large Cap Growth Active ETF | 62.9% | -10 bp | +3.1% |
| GGRW | Gabelli Growth Innovators ETF | 60.7% | +25 bp | +2.3% |
| PJFG | PGIM Jennison Focused Growth ETF | 57.8% | +10 bp | +2.6% |
| FFOG | Franklin Focused Growth ETF | 57.1% | -4 bp | +2.4% |
| IWY | iShares Russell Top 200 Growth ETF | 55.5% | -45 bp | +4.4% |
| MGK | Vanguard Mega Cap Growth ETF | 55.5% | -58 bp | +4.2% |
| RND | First Trust Bloomberg R&D Leaders ETF | 52.3% | -5 bp | +3.7% |
| VONG | Vanguard Russell 1000 Growth ETF | 52.0% | -58 bp | +4.3% |
| IWF | iShares Russell 1000 Growth ETF | 52.0% | -46 bp | +4.2% |
| ILCG | iShares Morningstar Growth ETF | 51.7% | -61 bp | +3.7% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 8/2/2025
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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
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
IWFG
2.9%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 967 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.4%. IWFG's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places IWFG in the 11st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IWFGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| (65 bp) Percentile rank | 52 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IWFG | 65.0 | 0.0 | 65 |
| Peer Avg. | 54.3 | 27.5 | 81.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .