NasdaqGM - Delayed Quote USD

IQ U.S. Mid Cap R&D Leaders ETF (MRND)

22.99 +0.43 (+1.90%)
At close: December 1 at 9:43 AM EST

ETF Summary

The underlying index seeks to provide exposure to innovative companies by investing in the equities of U.S. mid cap companies that have high research and development (“R&D”) spending. The fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. It is non-diversified.

ETF Overview

Category Mid-Cap Blend
Fund Family IndexIQ
Net Assets 4.51M
YTD Daily Total Return 20.32%
Yield 0.79%
Legal Type Exchange Traded Fund

ETF Operations

Attributes MRND Category Average
Annual Report Expense Ratio (net) 0.16% 0.90%
Holdings Turnover 0.00% 57.81%
Total Net Assets 18,145.40 18,145.40

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. MORNING_STAR_STYLE_BOX

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Related Tickers