LRND ETF — IQ U.S. Large Cap R&D Leaders ETF

IQ U.S. Large Cap R&D Leaders ETF (LRND)

Updated October 16, 2026.

LRND is a low-cost ETF. its distribution rate is 0.38%, its trailing-12-month yield is 0.32%, its expense ratio is 0.14%. Dividend Vision Distribution Safety Score™ is 61/100 (Generally safe). Total return is 95.4% over the past 4.7 years, 15.1 points ahead of SPY at 80.3%.

This ETF tracks a U.S. large-cap index designed to identify companies with strong long-term R&D reinvestment, while excluding sectors where research and development historically has less impact on performance. The fund distributes quarterly with a modest current distribution rate and charges a low expense ratio of 0.14%. It appeals to growth-oriented investors seeking exposure to innovation-focused large-cap companies.

LRND performance versus SPY

Price and return data through 2026-10-16.

Total return is 95.4% over the past 4.7 years, 15.1 points ahead of SPY at 80.3%. Over the past year its total return — price change plus distributions reinvested — is 18.2%. Its deepest 1-year drawdown was 13.8%.

LRND key facts

Distribution Safety Score™

61 · Generally safe

Safety-Adjusted Yield

0.23%

Issuer

New York Life Investments

Asset type

ETF

Asset class

Equity

Inception date

02/08/2022

Expense ratio

0.14%

Distribution rate

0.38%

Distribution frequency

Quarterly

Trailing yield

0.32%

Last close

$46.65 (as of 2026-10-16)

AUM

$465,133,243

Average volume

155.0

Dividend

$0.044

Ex-dividend date

09/30/2026

Payment date

10/02/2026

Beta

1.17

How Dividend Vision calculates yield and returns

Distribution rate (0.38%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.32%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: New York Life Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LRND risks and drawbacks

LRND's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 13.8%.

Who may consider LRND — and who may not

LRND may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (LRND pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on LRND

• All tickers starting with L

Tagged: Large Cap.

Frequently asked questions

More securities from New York Life Investments.