AUM $4.5MER 0.16%NAV $23.57Holdings 100Inception Feb 2022
Price Chart
Key Statistics
Previous Close
—Day Range
N/A52-Week Range
N/AAvg Volume
6Dividend Yield
—Expense Ratio
0.16%AUM
$4.5MShares Outstanding
—ETF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Sector Breakdown
| Sector | Weight % |
|---|---|
| Technology | 43.31% |
| Healthcare | 23.63% |
| Communication Services | 12.91% |
| Consumer Cyclical | 9.94% |
| Industrials | 5.95% |
| Basic Materials | 3.46% |
| Energy | 0.63% |
| Cash & Others | 0.16% |
Country Allocation
| Country | Weight % |
|---|---|
| United States | 92.00% |
| Luxembourg | 2.62% |
| Ireland | 1.93% |
| United Kingdom | 1.57% |
| Switzerland | 1.29% |
| Israel | 0.44% |
| Other | 0.16% |
Fund Information
- Issuer
- NY Life Investments
- Category
- Technology
- Types
- Mid Cap
- Inception Date
- Feb 8, 2022
- Description
- The underlying index seeks to provide exposure to innovative companies by investing in the equities of U.S. mid cap companies that have high research and development (“R&D”) spending. 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. It is non-diversified.
Similar ETFs
The IQ U.S. Mid Cap R&D Leaders ETF (MRND) is an exchange-traded fund issued by NY Life Investments that launched on Feb 8, 2022. It currently manages $4.5M in assets under management. The fund charges an expense ratio of 0.16%. The fund holds 100 securities in its portfolio. It falls under the Technology category.
Top 10 holdings represent 24.8% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | SQ | BLOCK INC | 3.97% | 2,717 | $186K |
| 2 | EA | ELECTRONIC ARTS INC | 3.38% | 1,143 | $158K |
| 3 | SPOT | SPOTIFY TECHNOLOGY SA | 2.62% | 622 | $123K |
| 4 | BIIB | BIOGEN INC | 2.48% | 473 | $116K |
| 5 | EXPE | EXPEDIA GROUP INC | 2.24% | 708 | $105K |
| 6 | WDC | WESTERN DIGITAL CORP | 2.13% | 2,034 | $100K |
| 7 | HPE | HEWLETT PACKARD ENTERPRIS | 2.10% | 5,912 | $98K |
| 8 | SGEN | SEAGEN INC | 1.99% | 422 | $94K |
| 9 | RBLX | ROBLOX CORP -CLASS A | 1.95% | 2,262 | $92K |
| 10 | INCY | INCYTE CORP | 1.93% | 1,589 | $91K |
| 11 | CMI | CUMMINS INC | 1.77% | 353 | $83K |
| 12 | MRVL | MARVELL TECHNOLOGY INC | 1.74% | 1,496 | $82K |
| 13 | HPQ | HP INC | 1.68% | 2,598 | $79K |
| 14 | EBAY | EBAY INC | 1.68% | 1,884 | $79K |
| 15 | RIVN | RIVIAN AUTOMOTIVE INC-A | 1.63% | 4,044 | $77K |
Page 1 of 2
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | — | |
| 1W | — | |
| 1M | — | |
| 3M | — | |
| 6M | — | |
| YTD | — | |
| 1Y | — | |
| 3Y | +14.46% | |
| 5Y | -6.72% |
Moving Averages
20-Day MA
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50-Day MA
—
200-Day MA
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Price with Moving Averages
Support & Resistance
52-Week High
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Current Price
$22.99
52-Week Low
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Current Yield
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Annual Dividend
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Frequency
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Last Ex-Date
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Dividends
No dividend data available for this ETF.
Category Comparison
| Metric | MRND | Technology(1414 ETFs) | Mid Cap(315 ETFs) |
|---|---|---|---|
| Fund Info | |||
| Expense Ratio | 0.16% | 0.67% | 0.47% |
| AUM | $4.5M | $6.79B | $4.60B |
| Dividend Yield | — | 2.97% | 1.67% |
| Avg Volume | 6 | 575.6K | 332.1K |
| Holdings | 100 | 200 | 249 |
| Performance | |||
| 1-Month Return | — | +12.36% | +8.69% |
| 6-Month Return | — | +4.39% | +6.51% |
| YTD Return | — | +6.06% | +6.58% |
| 1-Year Return | — | +34.53% | +26.19% |
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