CPIIQ Real Return ETF
CPI Fund Description
CPI tracks an index that provides a hedge against inflation rates. The index allocates to multiple assets at each monthly rebalance.
CPI Factset Analytics Insight
CPI offers a multi-asset exposure consisting of equity, fixed income, and commodity, that are expected to benefit directly or indirectly from inflation. The index includes US large-cap stocks, US Treasury Inflation-Protected Securities (TIPS) from short- to long-term, and commodities. The index is usually rebalanced monthly and holds 500-600 securities. At each rebalance, the exposures of the index consist of 60% TIPS, with a bias toward shorter duration and weighted based on market value, 30% equities, tilting towards sectors expected to benefit from inflation and weighted based on a modified market-cap, and 10% commodities, typically through investments in ETFs and/or other exchange-traded vehicles. The fund’s huge stake in short-term TIPS can lower volatility but doesn’t help returns much, and elevates correlations with fixed income. Prior to Feb. 28, 2022, the fund tracked the IQ Real Return Index, which also offered an inflation hedge strategy in a fund-of-funds structure.
CPI Portfolio Management
CPI Tax Exposures
CPI Fund Structure
CPI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CPI. CPI is rated a N/A out of 5.
CPI Asset Allocation