ETF Evaluator: NYLI Candriam U.S. Large Cap Equity ETF (IQSU) Follow This ETF

NYLI Candriam U.S. Large Cap Equity ETF Overview

NYLI Candriam U.S. Large Cap Equity ETF (IQSU) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). New York Life Investment Management LLC launched the ETF in 2019.

The investment seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the NYLI Candriam U.S. Large Cap Equity Index. The Advisor employs a "passive management" - or indexing - investment approach designed to track the performance of the underlying index. The underlying index is designed to deliver exposure to equity securities of companies meeting environmental, social and corporate governance (ESG) criteria developed by Candriam and weighted using a market capitalization weighting methodology.

About NYLI Candriam U.S. Large Cap Equity ETF (IQSU)

There are 2 members of the management team with an average tenure of 4.65 years: Greg Barrato (2019) and Francis Ok (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and NYLI Candriam U.S. Large Cap Eq TR USD index with a weighting of 100%. NYLI Candriam U.S. Large Cap Equity ETF has 264 securities in its portfolio. The top 10 holdings constitute 42.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

NYLI Candriam U.S. Large Cap Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. NYLI Candriam U.S. Large Cap Equity ETF has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4% There is 0.5% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). NYLI Candriam U.S. Large Cap Equity ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $331 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IQSU Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The NYLI Candriam U.S. Large Cap Equity ETF expense ratio is low compared to funds in the Large Blend category. NYLI Candriam U.S. Large Cap Equity ETF has an expense ratio of 0.09%, which is 79% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. NYLI Candriam U.S. Large Cap Equity ETF has a portfolio turnover rate of 34%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Large Blend category.

Recently, in the month of June 2026, NYLI Candriam U.S. Large Cap Equity ETF returned 1.0%, which earned it a grade of B, as the Large Blend category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

NYLI Candriam U.S. Large Cap Equity ETF has a trailing yield of 0.97%, which is below the 1.12% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

NYLI Candriam U.S. Large Cap Equity ETF Grades

Year to date, the ETF has returned 14.9%, 4.6 percentage points better than the category, which translates into a grade of A. The fund has returned 27.6% over the past year (grade of A), 18.7% over the past three years (grade of D) and 12.6% per year over the past five years (grade of C).

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