IQ Hedge Macro Tracker ETF

Frequently Asked Questions About MCRO

What does MCRO invest in?

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 consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.

What is the expense ratio of MCRO?

IQ Hedge Macro Tracker ETF (MCRO) charges an expense ratio of 0.67%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MCRO?

IQ Hedge Macro Tracker ETF (MCRO) manages $2.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MCRO actively managed or an index fund?

MCRO's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was MCRO launched?

IQ Hedge Macro Tracker ETF (MCRO) launched in June 2009 and is managed by NY Life Investments.

How has MCRO performed?

MCRO's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.