Key stats
About NYLI Hedge Multi-Strategy Tracker ETF
Home page
Inception date
Mar 25, 2009
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
ISIN
US45409B1070
QAI is a fund-of-funds that uses a mash-up of hedge fund replication sub-indexes to emulate the returns of a multi-strategy fund-of-funds. Each sub-index: global macro, long short, and fixed-income arbitrage, market neutral, event-driven, and emerging markets contains liquid securities (mostly ETFs) selected and weighted using regression and other quant techniques to approximate the returns of a particular hedge fund strategy. The resulting basket is typically dominated by long fixed-income positions, and long equity positions. As a result, QAI's performance often shows correlation with its major asset classes, and low variability of returns. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.69%
Cash0.31%
Miscellaneous0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QAI top holdings are iShares Floating Rate Bond ETF and Franklin Senior Loan ETF Franklin Liberty Senior Loan Fund, occupying 16.60% and 9.25% of the portfolio correspondingly.
QAI last dividends amounted to 0.70 USD. The year before, the issuer paid 1.23 USD in dividends, which shows a 75.53% decrease.
QAI assets under management is 710.17 M USD. It's risen 1.27% over the last month.
QAI fund flows account for 35.04 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, QAI pays dividends to its holders with the dividend yield of 2.08%. The last dividend (Jan 3, 2025) amounted to 0.70 USD. The dividends are paid annually.
QAI shares are issued by New York Life Insurance Co. under the brand New York Life Investments. The ETF was launched on Mar 25, 2009, and its management style is Passive.
QAI expense ratio is 0.88% meaning you'd have to pay 0.88% of your investment to help manage the fund.
QAI follows the IQ Hedge Multi-Strategy Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QAI invests in funds.
QAI price has risen by 1.88% over the last month, and its yearly performance shows a 4.70% increase. See more dynamics on QAI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.49% over the last month, showed a 3.89% increase in three-month performance and has increased by 7.37% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.49% over the last month, showed a 3.89% increase in three-month performance and has increased by 7.37% in a year.
QAI trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.