OCEN

IQ Clean Oceans ETF

OCEN tracks a market-cap-weighted index of globally-listed companies that are believed to contribute in achieving a cleaner ocean through reduced pollution and increased resource efficiency.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

CLNR

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorNew York Life
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateOct 21, 2021
Assets (mns)$5
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
ADVANCED MICRO DEVICES 4.6 %
NXP SEMICONDUCTORS NV 3.6 %
SCHNEIDER ELECTRIC SA 3.4 %
ECOLAB INC 3.3 %
ABB LTD. 3.3 %
SIEMENS AG-REG 3.3 %
CADENCE DESIGN SYS INC 3.2 %
INGERSOL-RAND INC 3.2 %
MICROSOFT CORP 3.1 %
NATIONAL GRID PLC 2.9 %
Constituent Breakdown
Number of holdings83
Herfindahl-Hirschman Index 232
Wgt avg mkt cap (mns)$147,370
Large cap (>$10bn)89.3%
Mid cap ($2-10bn)10.0%
Small cap (<$2bn)0.8%
Developed mkts.98.0%
Emerging mkts.2.0%
Country Exposure
UNITED STATES 41.8 %
GERMANY 11.4 %
FRANCE 8.8 %
SWITZERLAND 7.6 %
BRITAIN 6.5 %
DENMARK 4.5 %
NETHERLANDS 3.8 %
JAPAN 3.6 %
SPAIN 3.1 %
IRELAND 2.1 %
Historical Performance


Standardized Annual Returns (as of 04/30/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-1.5% 5.7% 4.6% -- -- -- -5.3%
Market Correlations
versus...BetaR-squared
S&P 5001.1681%
MSCI EAFE1.2589%
MSCI Emg Mkts1.0262%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.27%
ADV of underlying (mns)$22,510
Technical Indicators
Recent close$23.43
30d moving avg.$20.53
Annualized volatility24.7%
Relative strength (RSI)85
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)

Risk and Returns: OCEN 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 -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 21.0 2.7 1.9% --
Based on closing prices from 5/24/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
OCEN



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™

OCEN

4.9%

Cat. Avg

3.7%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.9%
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%. OCEN's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places OCEN in the 61st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
OCEN
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)
OCEN 45.0 27.3 72.3
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .