CPI — IQ Real Return ETF

CPI Fund Overview

CPI — IQ Real Return ETF is a US ETF managed by New York Life Investments ETF Trust, categorised as Europe Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: New York Life Investments ETF Trust
• Category: Europe Real Estate
• Assets under management: $6.21M
• 1-year return: 2.6%
• Ticker: CPI
• SEC CIK: 0001415995
• SEC series ID: S000025928
• Share class ID: C000077925

CPI Investment Objective and Strategy

IQ Real Return ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments ETF Trust.

Investment objective

The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Real Return Index (the Underlying Index).

Principal investment strategy

The Fund is a fund of funds which means it 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, which includes underlying funds. The Underlying Index consists of a number of components (Underlying Index Components) selected in accordance with the rules-based methodology of such Underlying Index, which was developed by IndexIQ LLC (IndexIQ), an affiliate of IndexIQ Advisors LLC, the Funds investment advisor (the Advisor). Such Underlying Index Components will include primarily ETFs and/or other exchange-traded vehicles issuing equity securities organized in the U.S., such as exchange-traded commodity pools (ETVs), and may include exchange-traded notes (ETNs) (such ETFs, ETVs and ETNs are referred to collectively as exchange-traded products or ETPs).

The Fund may also invest in one or more financial instruments, including but not limited to futures contracts and swap agreements (collectively, Financial Instruments). The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Index. The Underlying Index seeks to provide investors with a hedge against the inflation rate by providing a real return or a return above the rate of inflation, as represented by the CPI (the Strategy). The CPI, or the Consumer Price Index, which is published by the Bureau of Labor Statistics, is a measure of the average change in prices over time of goods and services purchased by households. The CPI is reported with monthly frequency, but due to seasonality and other factors the monthly change in the CPI is reported both as the 1-month change and also on a rolling 12-month basis (the Rolling 12-month CPI Returns).

It is the Rolling 12-month CPI Returns, not the monthly returns of the CPI, that the Underlying Index incorporates into its construction process. The Underlying Index includes exposures to asset classes whose returns incorporate inflation expectations in an attempt to achieve its investment objective. This is based on the premise that capital market returns tend to be forward looking and anticipate economic developments, including inflation expectations. Since the Underlying Indexs objective is to provide a real return, as described above, the index construction process involves adding a real return target over and above the CPI returns and using the resulting nominal returns (i.e., inflation plus real return) to determine the weights of the Underlying Index Components. The Underlying Index Components of this Strategy generally provide exposures to: U.S.

large capitalization equity; U.S. small capitalization equity; Foreign equity (Europe, Australasia & Far East); U.S. government short-, intermediate-, and long-term maturity obligations; Foreign currencies and currency futures; U.S. real estate; and Commodities. For additional information about the Funds principal investment strategies, see Description of the Principal Strategies of the Funds.

CPI Performance

Total returns for CPI (as of 2026-10-01), from SEC filings.

CPI Risk Information

Risk metrics for CPI, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 6.7%

CPI Costs and Fees

CPI costs about $29 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.29%
• Gross expense ratio: 0.35%
• Portfolio turnover: 13%
• Brokerage commissions: 0.46 bps of average net assets (SEC N-CEN)

CPI Cashflows

Over the 12 months to 2023-10, IQ Real Return ETF had net inflows of $2.48M, from monthly SEC N-PORT filings.

CPI Debt Constituents

No individual debt constituents are reported in IQ Real Return ETF's latest SEC N-PORT filing.

CPI Prospectus and SEC Filings

Official IQ Real Return ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-08-28
• Prospectus (485BPOS) — filed 2022-08-29
• Prospectus (485BPOS) — filed 2022-02-28
• Portfolio holdings (N-PORT) — filed 2023-12-20
• Portfolio holdings (N-PORT) — filed 2023-09-27
• Portfolio holdings (N-PORT) — filed 2023-06-22
• Annual census (N-CEN) — filed 2023-07-11
• Annual census (N-CEN) — filed 2022-07-13

Related Funds

Other Europe Real Estate funds tracked on ABC INVEST:

• Orinda Income Opportunities Fund (OIOAX)
• OShares FTSE Europe Quality Dividend ETF (OEUR)
• Goldman Sachs Data Enhanced International Equity ETF (GIEQ)
• FT Vest Nasdaq-100 Dual Directional Buffer ETF - December (DQDE)
• FT Vest Nasdaq-100 Dual Directional Buffer ETF - March (DQMR)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.