CSML — IQ Chaikin U.S. Small Cap ETF
Data updated: 2024-03-28
CSML — IQ Chaikin U.S. Small Cap ETF. United States Small Cap Blend / Core Equity · $175.33M AUM. Holdings, fees, performance and SEC filings.
CSML Fund Overview
CSML — IQ Chaikin U.S. Small Cap ETF is a US ETF managed by New York Life Investments ETF Trust, categorised as United States 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: United States Small Cap Blend / Core Equity
- Assets under management: $175.33M
- 1-year return: 2.4%
- Ticker: CSML
- SEC CIK: 0001415995
- SEC series ID: S000057681
- Share class ID: C000184744
CSML Investment Objective and Strategy
IQ Chaikin U.S. 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 track (before fees and expenses) the price and yield performance of its underlying index, the Nasdaq Chaikin Power US 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 has been developed by Nasdaq, Inc. (the Index Provider). The Underlying Index applies the Chaikin Power Gauge , a quantitative multi-factor model that seeks to identify securities that are expected to outperform peers, to select securities from the Nasdaq US 1500 Index (the Parent Index). The Parent Index is a modified capitalization-weighted index of U.S. small-capitalization securities. As of June 30, 2018, a significant portion of the Underlying Index is represented by securities of companies in the industrials sector, financials sector, and consumer goods sector. As of June 30, 2018, the market capitalization range of the Underlying Index was approximately $103 million to $5.5 billion.
The Underlying Index uses the Chaikin Power Gauge to select securities from the Parent Index. The Chaikin Power Gauge is a multi-factor model that evaluates four primary components: Value component (35% of rating), which uses factors such as long term debt to equity ratio, price to book ratio, and free cash flow to identify companies that are priced at a discount relative to peers; Growth component (20% of rating), which uses factors such as earnings growth, earnings trend, and earnings consistency to identify companies with higher growth potential; Technical component (15% of rating), which uses factors such as price trend, price trend rate of change, and volume trend to identify stocks with strong momentum and price appreciation; and Sentiment component (30% of rating), which uses factors such as earnings estimate trend, short interest, and industry relative strength to identify companies that are expected to outperform peers by informed Wall Street analysts and professionals.
The Chaikin Power Gauge seeks to identify each securitys current potential to outperform or underperform compared with peers. To be selected for inclusion in the Underlying Index, a security must have a Chaikin Power Gauge ranking in the top 10% of the Parent Index, or a Chaikin Power Gauge ranking in the top 70% of the Parent Index and a price to sales ranking in the lowest quintile of the Parent Index. The security types eligible for inclusion in the Underlying Index include common stocks and real estate investment trusts (REITs). The Underlying Index rebalances and reconstitutes annually and typically consists of 200 to 350 securities. As of June 30, 2018, the primary sectors within the Underlying Index are industrials and financials. The composition of the Underlying Index may change over time.
The Fund generally will invest in all of the securities that comprise its Underlying Index in proportion to their weightings in the Underlying Index. The Fund has adopted a policy to invest, under normal circumstances, at least 80% of the value of its assets (net assets plus the amount of any borrowings for investment purposes) in securities of small-capitalization U.S. issuers.
CSML Holdings
Top 10 holdings of IQ Chaikin U.S. Small Cap ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| iShares Core S&P Small-Cap ETF | 0.71% |
| Dreyfus Government Cash Manage | 0.67% |
| Y-mAbs Therapeutics Inc | 0.48% |
| Nkarta Inc | 0.48% |
| Immunovant Inc | 0.44% |
| Boise Cascade Co | 0.44% |
| United States Cellular Corp | 0.40% |
| Bridgebio Pharma Inc | 0.38% |
| Forestar Group Inc | 0.37% |
| Sterling Infrastructure Inc | 0.37% |
CSML Portfolio Allocation
Asset-class allocation of IQ Chaikin U.S. Small Cap ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
| Cash & Equivalents | 0.7% |
CSML Performance
Total returns for CSML (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.4% |
| 3 years (annualised) | 6.1% |
CSML Risk Information
Risk metrics for CSML, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.2%
CSML Costs and Fees
CSML costs about $35 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.35%
- Gross expense ratio: 0.36%
- Portfolio turnover: 62%
- Brokerage commissions: 8.16 bps of average net assets (SEC N-CEN)
CSML Cashflows
Over the 12 months to 2024-01, IQ Chaikin U.S. Small Cap ETF had net inflows of $138.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $12.27M |
| 2023-12 | $5.20M |
| 2023-11 | $3.15M |
| 2023-10 | $3.76M |
| 2023-09 | $792.73K |
| 2023-08 | $29.35M |
CSML Debt Constituents
No individual debt constituents are reported in IQ Chaikin U.S. Small Cap ETF's latest SEC N-PORT filing.
CSML Prospectus and SEC Filings
Official IQ Chaikin U.S. Small Cap 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 2021-08-30
- Portfolio holdings (N-PORT) — filed 2024-03-28
- Portfolio holdings (N-PORT) — filed 2023-12-20
- Portfolio holdings (N-PORT) — filed 2023-09-27
- Annual census (N-CEN) — filed 2023-07-11
- Annual census (N-CEN) — filed 2022-07-13
Related Funds
Other United States 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.