MRNDIQ U.S. Mid Cap R&D Leaders ETF
MRND Fund Description
MRND tracks an index of 100 mid-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending.
MRND Factset Analytics Insight
MRND focuses on mid-cap US companies with the highest expenditures on research and development (R&D). This is intended for innovation and development of concepts for new products or services by which the company can increase revenues. The issuer believes R&D spending is an indicator of a firm’s growth potential and expansion capabilities. Starting with the Russell Mid Cap Index constituents, the fund selects and weights the top 100 companies based on the most recently reported dollar amount of R&D spending during the previous year. The fund pulls the R&D data from a FactSet standardized table which aims to reconcile companies’ reporting differences. The index reconstitutes and rebalances quarterly so that no individual security exceeds 5% weight. LRND is part of IndexIQ’s Research and Development ETFs suite along with LRND and WRND, which focuses on US large-caps and global equities, respectively.
MRND Summary Data
MRND Portfolio Data
MRND Index Data
MRND Portfolio Management
MRND Tax Exposures
MRND Fund Structure
MRND Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MRND. MRND is rated a 4 out of 5.
MRND Sector/Industry Breakdown
MRND Top 10 Holdings[View All]
MRND Economic Development
MRND Performance Statistics
MRND Benchmark Comparison Summary
MRND Benchmark Comparison Market Cap Size