CROP — IQ Global Agribusiness Small Cap ETF
Data updated: 2020-09-28
CROP — IQ Global Agribusiness Small Cap ETF. Japan Small Cap Blend / Core Equity · $6.27M AUM. Holdings, fees, performance and SEC filings.
CROP Fund Overview
CROP — IQ Global Agribusiness Small Cap ETF is a US ETF managed by New York Life Investments ETF Trust, categorised as Japan Small Cap Blend / Core Equity. 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: Japan Small Cap Blend / Core Equity
- Assets under management: $6.27M
- 1-year return: -2.1%
- Ticker: CROP
- SEC CIK: 0001415995
- SEC series ID: S000027422
- Share class ID: C000082723
CROP Investment Objective and Strategy
IQ Global Agribusiness Small Cap 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 Global Agribusiness Small Cap Index (the Underlying Index).
Principal investment strategy
The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Index, which was developed by IndexIQ LLC (IndexIQ), an affiliate of IndexIQ Advisors LLC, the Funds investment advisor (the Advisor). The Underlying Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the global, small capitalization sector of publicly traded companies that are engaged primarily in the agribusiness sector, including crop production and farming, livestock operations, agricultural machinery, agricultural chemicals, agricultural supplies and logistics, and biofuels (Agribusiness Companies). 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 (Underlying Index Components).
The Underlying Index Components that are eligible for inclusion in the Underlying Index include the following characteristics, measured as of each quarterly rebalance date: Issuers that are engaged in the agribusiness sector, as determined by Standard Industrial Classification (SIC) code classifications; Minimum average market capitalization of $150 million for the prior 90 days and as of the quarterly rebalance date; Maximum average market capitalization equal to the bottom 10 percent ranking of Agribusiness Companies globally based on market capitalization for the prior 90 days (the Market Cap Ceiling); Minimum average daily trading volume of at least $1 million for the prior 90 days; and Minimum monthly volume of 250,000 shares each month over the prior six months. Securities of issuers with recent stock exchange listings (i.e., recent initial public offerings) may be added to the Underlying Index on a quarterly basis, provided that the companies meet all eligibility criteria and have been trading for more than 10 trading days.
Existing Underlying Index Components whose average market capitalization falls below $100 million or increases above the level 65% higher than the Market Cap Ceiling for the 90 days prior to any rebalancing date will no longer be eligible for inclusion. The Underlying Index Components are selected quarterly in connection with the reconstitution of the Underlying Index. Their respective weights are rebalanced quarterly in connection with the rebalance of the Underlying Index. As of June 30, 2018, the U.S. dollar-denominated market capitalizations of the Underlying Index Components ranged from approximately $208 million to approximately $4.9 billion. As of June 30, 2018, a significant portion of the Underlying Index is represented by securities of companies domiciled in Japan. For additional information about the Funds principal investment strategies, see Description of the Principal Investment Strategies of the Funds.
CROP Performance
Total returns for CROP (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.1% |
CROP Risk Information
Risk metrics for CROP, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.3%
CROP Costs and Fees
CROP costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 0.76%
- Portfolio turnover: 32%
- Brokerage commissions: 1.97 bps of average net assets (SEC N-CEN)
CROP Cashflows
Over the 12 months to 2020-07, IQ Global Agribusiness Small Cap ETF had net inflows of $1.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | $0 |
| 2020-06 | $0 |
| 2020-05 | $1.42M |
| 2020-04 | $0 |
| 2020-03 | $0 |
| 2020-02 | $0 |
CROP Debt Constituents
No individual debt constituents are reported in IQ Global Agribusiness Small Cap ETF's latest SEC N-PORT filing.
CROP Prospectus and SEC Filings
Official IQ Global Agribusiness Small Cap ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-09-12
- Prospectus (485BPOS) — filed 2018-09-07
- Prospectus (485BPOS) — filed 2017-09-11
- Portfolio holdings (N-PORT) — filed 2020-09-28
- Portfolio holdings (N-PORT) — filed 2020-06-23
- Portfolio holdings (N-PORT) — filed 2020-03-27
- Annual census (N-CEN) — filed 2020-07-14
- Annual census (N-CEN) — filed 2019-07-12
Related Funds
Other Japan Small Cap Blend / Core Equity funds tracked on ABC INVEST:
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.