ULTR — IQ Ultra Short Duration ETF
Data updated: 2024-03-28
ULTR — IQ Ultra Short Duration ETF. Leveraged · $14.45M AUM · 0.25% expense ratio · 5.4% 1-yr return. Holdings, fees, performance and SEC filings.
ULTR Fund Overview
ULTR — IQ Ultra Short Duration ETF is a US ETF managed by New York Life Investments Active ETF Trust, categorised as Leveraged. 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 Active ETF Trust
- Category: Leveraged
- Assets under management: $14.45M
- 1-year return: 5.4%
- Ticker: ULTR
- SEC CIK: 0001426439
- SEC series ID: S000066048
- Share class ID: C000213519
ULTR Investment Objective and Strategy
IQ Ultra Short Duration ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments Active ETF Trust.
Investment objective
The IQ Ultra Short Duration ETF (the Fund) seeks to provide current income while maintaining limited price volatility.
Principal investment strategy
"a. In the first paragraph of the section entitled Principal Investment Strategies "" in the Summary Prospectus and Prospectus, the third, fourth and fifth sentences are deleted in their entirety and replaced with the following: If NRSROs assign different ratings for the same security, the Fund will use the higher rating for purposes of determining the credit quality. Debt securities in which the Fund may invest include all types of debt obligations such as U.S. government securities (including Treasury notes, and obligations, such as repurchase agreements, secured by such instruments), agency securities, corporate bonds, municipal bonds, instruments of non-U.S. issuers, asset-backed securities (ABS) (including collateralized debt and loan obligations, residential mortgage-backed securities, and commercial mortgage-backed securities), commercial paper, debentures, floating rate bonds, and convertible corporate bonds.
b. The following is added to the end of the first paragraph of the section entitled Principal Investment Strategies in the Summary Prospectus and Prospectus: The Fund may invest up to 10% of its net assets in underlying funds, including exchange-traded funds (ETFs), mutual funds and closed-end funds. The Fund may also invest in derivatives, such as futures, forwards, treasury futures, options, forward commitments and swap agreements, including interest rate, total return and credit default swaps to seek to enhance returns or reduce the risk of loss by hedging certain of its holdings or manage duration. The Fund generally expects to hedge any foreign currency exposure back to U.S. dollars."
ULTR Holdings
Top 10 holdings of IQ Ultra Short Duration ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 35.96% |
| Aercap Ireland Cap/globa | 3.63% |
| Blackrock Liquidity T Fun | 3.54% |
| Bank Of America Corp. | 3.26% |
| Air Lease Corp. | 2.96% |
| Corebridge Financial, Inc. | 2.61% |
| Huntington National Bank | 2.61% |
| JPMorgan Chase & Co. | 2.51% |
| Centerpoint Energy, Inc. | 2.44% |
| Capital One Financial Co. | 2.24% |
ULTR Portfolio Allocation
Asset-class allocation of IQ Ultra Short Duration ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.7% |
| Cash & Equivalents | 3.5% |
ULTR Performance
Total returns for ULTR (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.4% |
| 3 years (annualised) | 2.1% |
ULTR Risk Information
Risk metrics for ULTR, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.8%
ULTR Costs and Fees
ULTR costs about $25 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.25%
- Gross expense ratio: 0.47%
- Portfolio turnover: 340%
- Brokerage commissions: 0.93 bps of average net assets (SEC N-CEN)
ULTR Cashflows
Over the 12 months to 2024-01, IQ Ultra Short Duration ETF had net inflows of $45.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $2.39M |
| 2023-12 | $0 |
| 2023-11 | $0 |
| 2023-10 | $2.38M |
| 2023-09 | $0 |
| 2023-08 | $2.38M |
ULTR Debt Constituents
Largest debt holdings of IQ Ultra Short Duration ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 35.96% |
| Aercap Ireland Cap/globa | 3.63% |
| Bank Of America Corp. | 3.26% |
| Air Lease Corp. | 2.96% |
| Corebridge Financial, Inc. | 2.61% |
| Huntington National Bank | 2.61% |
| JPMorgan Chase & Co. | 2.51% |
| Centerpoint Energy, Inc. | 2.44% |
| Capital One Financial Co. | 2.24% |
| Hsbc USA, Inc. | 2.09% |
ULTR Prospectus and SEC Filings
Official IQ Ultra Short Duration 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 Leveraged 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.