SDAG — IQ Short Duration Enhanced Core Bond U.S. ETF
Data updated: 2020-09-28
SDAG — IQ Short Duration Enhanced Core Bond U.S. ETF. Short Total / Aggregate Bond · $3.67M AUM. Holdings, fees, performance and SEC filings.
SDAG Fund Overview
SDAG — IQ Short Duration Enhanced Core Bond U.S. ETF is a US ETF managed by New York Life Investments ETF Trust, categorised as Short Total / Aggregate Bond. 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: Short Total / Aggregate Bond
- Assets under management: $3.67M
- 1-year return: -1.8%
- Ticker: SDAG
- SEC CIK: 0001415995
- SEC series ID: S000063742
- Share class ID: C000206606
SDAG Investment Objective and Strategy
IQ Short Duration Enhanced Core Bond U.S. 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 IQ Short Duration Enhanced Core Bond U.S. 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 seeks to outperform the short duration U.S. dollar-denominated taxable fixed income universe by using a combination of short- and long-term momentum factors to overweight and underweight various sectors of the investment grade and high yield (or junk) U.S. fixed income securities market that have remaining maturities of five years or less. The Underlying Index consists of a number of components (Underlying Index Components) selected in accordance with IndexIQ LLCs (IndexIQ) rules-based methodology. Such Underlying Index Components will include primarily ETFs and/or other exchange-traded vehicles organized in the U.S.
(ETVs) (such ETFs and ETVs are referred to collectively as exchange-traded products or ETPs). As of September 28, 2018, the Underlying Index consists of eight Underlying Index Components. The Fund may also invest in other securities and instruments, including but not limited to futures contracts and swap agreements (collectively, Financial Instruments) and bonds. The Fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, directly or indirectly through ETPs, in bonds, which include all types of debt securities, of U.S. issuers. The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Index. The Underlying Index follows a rules-based methodology to construct an index consisting of investments in various sectors of the short duration fixed income securities market (Short Duration Market).
The sectors of the Short Duration Market in which the Underlying Index principally invests are: Short-term U.S. Treasuries; Short-term U.S. investment grade corporate bonds; Short-term U.S. high yield (or junk) debt; and Short-term U.S. investment grade floating rate bonds. The Underlying Index weights each of the various sectors of the Short Duration Market based on the total return momentum of each fixed income sector. Momentum is measured by comparing the average total return index of the fixed income market sector over a short-term period with the sectors average total return index over a longer-term period. The Underlying Index overweights fixed income sectors with high momentum and underweights fixed income sectors with low momentum. The exposure of the Underlying Index to different sectors of the Short Duration Market will vary over time.
The maximum exposure to each of the Underlying Index to the high yield bond or floating rate bond sectors of the Short Duration Market is 25% of the Underlying Index. Over long-term periods, the Underlying Index is expected to have similar volatility to the Short Duration Market. However, the Underlying Indexs and Funds volatility during certain periods may materially exceed the volatility of the Short Duration Market. The Underlying Index rebalances monthly.
SDAG Performance
Total returns for SDAG (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.8% |
SDAG Risk Information
Risk metrics for SDAG, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.1%
SDAG Costs and Fees
SDAG costs about $29 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.29%
- Gross expense ratio: 0.32%
- Portfolio turnover: 78%
- Brokerage commissions: 8.68 bps of average net assets (SEC N-CEN)
SDAG Cashflows
Over the 12 months to 2020-07, IQ Short Duration Enhanced Core Bond U.S. ETF had net inflows of $20.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | $0 |
| 2020-06 | $1.22M |
| 2020-05 | $0 |
| 2020-04 | $0 |
| 2020-03 | $0 |
| 2020-02 | $2.58M |
SDAG Debt Constituents
No individual debt constituents are reported in IQ Short Duration Enhanced Core Bond U.S. ETF's latest SEC N-PORT filing.
SDAG Prospectus and SEC Filings
Official IQ Short Duration Enhanced Core Bond U.S. ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Short Total / Aggregate Bond 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.