IQ Chaikin U.S. Large Cap ETF (CLRG) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Nasdaq Chaikin Power US Large Cap Index, providing investors with multi-factor exposure to large-cap U.S. equities selected and weighted based on the proprietary Chaikin Power Gauge rating system developed by Chaikin Analytics. The fund invests primarily in growth and value stocks of large-capitalization companies across sectors including finance, technology services, electronic technology, retail trade, and health technology; its portfolio typically comprises around 102 holdings with approximately 98.86% allocated to large-cap securities (> $12.9 billion market cap), diversified geographically with over 92% in U.S.-based issuers, supplemented by minor exposures to Ireland and Switzerland. CLRG offers broad-based large-cap equity exposure through a smart beta strategy emphasizing equal weighting, financial metrics, earnings performance, price-volume activity, and expert opinions via the Chaikin Power Gauge; it distributes qualified dividends without K-1 forms and maintains a low concentration with 12.68% of assets in the top 10 holdings.
Launched on December 13, 2017, by IndexIQ ETF Trust, a division of New York Life Investments, headquartered in New York, the ETF operates within the equity large-cap segment targeting institutional and retail investors seeking factor-based U.S. large-cap strategies; it is managed passively to correspond generally to the index's price and yield performance.
The fund has not undergone significant recent reorganizations, liquidations, or name changes akin to other ETFs in its lineup, such as the closure of the related IQ U.S. Small Cap ETF (CSML), but continues active trading on Nasdaq with assets under management around $317 million as of recent reports; no major partnerships, acquisitions, funding rounds, or new product launches specific to CLRG have been announced in the last 1-2 years, reflecting stable operations amid broader ETF industry consolidation trends.