HFXJ — IQ 50 Percent Hedged FTSE Japan ETF

Data updated: 2020-09-28

HFXJ — IQ 50 Percent Hedged FTSE Japan ETF. Japan Blend / Core Equity · $6.86M AUM · 0.30% expense ratio. Holdings, fees, performance and SEC filings.

HFXJ Fund Overview

HFXJ — IQ 50 Percent Hedged FTSE Japan ETF is a US ETF managed by New York Life Investments ETF Trust, categorised as Japan 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 Blend / Core Equity
Assets under management: $6.86M
1-year return: 0.6%
Ticker: HFXJ
SEC CIK: 0001415995
SEC series ID: S000050196
Share class ID: C000158454

HFXJ Investment Objective and Strategy

IQ 50 Percent Hedged FTSE Japan 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 FTSE Japan 50% Hedged to USD 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 FTSE International Ltd. (FTSE). The Underlying Index is an equity benchmark for Japan, with approximately half of the Underlying Indexs exposure to the Japanese yen hedged against the U.S. dollar on a monthly basis. The Underlying Index is a float-adjusted, market-capitalization-weighted index designed to measure equity market performance of the Japanese equity market. The Underlying Index includes primarily large- and mid-capitalization companies. 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. The composition of the Underlying Index may change over time.

The Underlying Index and the Funds net asset value (NAV) are denominated in U.S. dollars, while the component securities of the Underlying Index are generally denominated in Japanese yen. The Underlying Index is designed to reduce by approximately half the Funds exposure to fluctuations in the value of the Japanese yen relative to the U.S. dollar. The Underlying Index applies a one month forward rate to approximately half of the value of the Japanese yen-denominated securities included in the Underlying Index to hedge against fluctuations for this portion of the Funds Japanese yen exposure relative to the U.S. dollar. The hedge is reset on a monthly basis. The Fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities and other instruments included in its Underlying Index.

The Fund is expected to have lower returns than a similar fund that does not hedge any of its currency exposure when the Japanese yen is rising relative to the U.S. dollar. The Fund is expected to have higher returns than a similar unhedged fund when the Japanese yen is falling relative to the U.S. dollar. In order to replicate the hedging component of the Underlying Index, the Fund intends to enter into foreign currency forward contracts and futures contracts designed to offset approximately half of the Funds exposure to the component currencies. A foreign currency forward contract is a contract between two parties to buy or sell a specified amount of a specific currency in the future at an agreed upon exchange rate. The Funds exposure to foreign currency forward contracts is based on approximately half of the Funds aggregate exposure to the Japanese yen.

The Fund may also invest its assets in cash and cash equivalents, as well as in shares of other investment companies, options and swaps. To the extent that a Funds Underlying Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investment to approximately the same extent as its Underlying Index. The Underlying Index is sponsored by an organization (the Index Provider) that is independent of the Fund and Advisor. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. The Funds Index Provider is FTSE, a widely known global index provider that currently manages and calculates more than 120,000 indices daily.

HFXJ Performance

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

Period	Total return
1 year	0.6%

HFXJ Risk Information

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

1-year volatility (annualised): 17.2%

HFXJ Costs and Fees

HFXJ costs about $30 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.30%
Gross expense ratio: 0.46%
Portfolio turnover: 7%
Brokerage commissions: 0.99 bps of average net assets (SEC N-CEN)

HFXJ Cashflows

Over the 12 months to 2020-07, IQ 50 Percent Hedged FTSE Japan ETF had net inflows of $13.95M, from monthly SEC N-PORT filings.

Month	Net flow
2020-07	$0
2020-06	$0
2020-05	$951.48K
2020-04	$0
2020-03	$6.52M
2020-02	$2.19M

HFXJ Debt Constituents

No individual debt constituents are reported in IQ 50 Percent Hedged FTSE Japan ETF's latest SEC N-PORT filing.

HFXJ Prospectus and SEC Filings

Official IQ 50 Percent Hedged FTSE Japan ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Japan 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.