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Morningstar

IQ Ultra Short Duration ETF ULTR

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub

Morningstar’s Analysis ULTR

Will ULTR outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ULTR’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ULTR management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ULTR’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in IQ Ultra Short Duration ETF's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ULTR

More ULTR Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 94
  • Other Holdings 2
  • % Assets in Top 10 Holdings −18.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.25%

39.50
8,336,791
Government

United States Treasury Notes 3.625%

21.81
4,603,137
Government

Eversource Energy

6.25
1,318,865
Corporate

Centerpoint Energy Inc

6.14
1,295,772
Corporate

Ticp Clo XV Ltd / Llc

4.68
987,876
Securitized

United States Treasury Notes 1.375%

4.68
987,617
Government

Neuberger Berman Loan Advisers CLO 32 LTD/LLC

4.59
968,512
Securitized

Aercap Ireland Capital DAC 1.65%

4.29
906,275
Corporate

Bank of America Corporation 4.2%

4.19
884,198
Corporate

Blackrock Liquidity T 60

3.70
781,352
Cash and Equivalents