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CLNR - IQ Cleaner Transport ETF

Expense Ratio: 0.45%

CLNR ETF Stock Chart

CLNR Profile

IQ Cleaner Transport ETF logo

The IQ Cleaner Transport ETF, with the ticker symbol CLNR, is an exchange-traded fund that seeks to provide investment results that correspond to the performance of the IQ Cleaner Transport Index. The ETF invests in companies that are involved in the production and distribution of cleaner transportation technologies, including electric and hybrid vehicles, alternative fuels, and related infrastructure. Here's an extended company report for the IQ Cleaner Transport ETF:

The IQ Cleaner Transport ETF was launched in 2021 by IndexIQ, a subsidiary of New York Life Investment Management LLC. The ETF seeks to provide investment results that correspond to the performance of the IQ Cleaner Transport Index, which is designed to measure the performance of companies that are involved in the production and distribution of cleaner transportation technologies.

The ETF provides investors with exposure to companies that are well-positioned to benefit from the growing demand for cleaner transportation solutions. The ETF's holdings include companies that are involved in the production of electric and hybrid vehicles, as well as companies that produce alternative fuels and related infrastructure. By investing in the ETF, investors can gain exposure to companies that are likely to benefit from the ongoing shift towards a cleaner, more sustainable transportation sector.

The IQ Cleaner Transport ETF's investment strategy seeks to provide exposure to companies that are involved in the cleaner transportation sector while maintaining a diversified portfolio of investments. The ETF invests in companies of all sizes, including large-cap, mid-cap, and small-cap companies.

As of March 18, 2023, the IQ Cleaner Transport ETF had a net asset value of approximately $12.7 million. The ETF's expense ratio is 0.59%, which is lower than the average expense ratio for similar ETFs.

Investing in the IQ Cleaner Transport ETF involves risks, including the risk that the ETF's performance may be affected by changes in the cleaner transportation sector, changes in government policies and regulations, and other factors that may impact the companies in which the ETF invests. In addition, the ETF's performance may be affected by changes in market conditions, as well as fluctuations in the prices of individual securities held by the ETF.

In conclusion, the IQ Cleaner Transport ETF provides investors with exposure to companies that are involved in the production and distribution of cleaner transportation technologies. The ETF's investment strategy seeks to provide a diversified portfolio of investments in companies of all sizes that are well-positioned to benefit from the growing demand for cleaner transportation solutions. However, investors should carefully consider the risks and potential benefits of investing in the IQ Cleaner Transport ETF before making any investment


 

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