IQ Short Duration Enhanced Core Bond U.S. ETF (SDAG)
IQ Short Duration Enhanced Core Bond U.S. ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in US. The stock last traded at $24.50, up 0.02% on the session, giving a market capitalisation of $3.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
This exchange-traded fund (ETF) aims to replicate the price and income performance of its benchmark, the IQ Short Duration Enhanced Core Bond U.S. Index. The fund commits a minimum of 80% of its net assets to the holdings comprising this underlying index, which may also include other investment funds. The index itself endeavors to surpass the broader short-duration, U.S. dollar-denominated, taxable fixed-income market. It achieves this by employing both short-term and long-term momentum indicators to strategically adjust its allocation to various sectors within the U.S. investment-grade and high-yield fixed-income landscape. Crucially, all included fixed-income securities must possess remaining maturities of five years or less.
IQ Short Duration Enhanced Core Bond U.S. ETF is most often compared with the following Financial Services names: