IQ Ultra Short Duration ETF (ULTR) is an actively managed exchange-traded fund that seeks to provide current income while maintaining limited price volatility through investments in ultra-short duration fixed income securities. The fund primarily invests at least 80% of its net assets in investment grade corporate bonds, commercial paper, cash equivalents, asset-backed securities, and mortgage-backed securities, with a targeted portfolio duration of less than one year; its holdings are diversified across corporate (approximately 59%), sovereign (24%), cash (16%), and structured products (1%) sectors. Sponsored by IndexIQ, a New York Life Investments company, the ETF operates in the fixed income segment targeting investors seeking low-risk, liquid income solutions in the ultra-short-term bond market.
Launched prior to 2020 and headquartered in New York through its sponsor, the fund serves institutional and retail investors across the United States with a focus on North American fixed income markets.
In February 2024, IndexIQ announced the liquidation of the IQ Ultra Short Duration ETF, ceasing trading and creation/redemption orders after market close on April 22, 2024, with proceeds distributed to shareholders on or about April 29, 2024; this strategic decision was part of an ongoing review of the product lineup to align with sponsor priorities under New York Life Investments. Despite the closure, certain financial platforms continue to list historical or estimated pricing data as of late 2025, reflecting no relaunch or successor product under the ULTR ticker. New York Life Investments has since expanded its active ETF offerings, including recent launches like the NYLI MacKay Muni Allocation ETF in December 2025, emphasizing municipal bond strategies rather than ultra-short duration products.