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New York Life Investment Management LLCMultistrategyQAI · NYSE Arca

NYLIM Hedge Multi-Strategy Tracker ETF (QAI)

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Price
$36.37
—11 Sept 2026
Assets
$1B
Total net assets
Expense ratio
0.81%
Category 1.94%
Yield
1.39%
Trailing distributions
3Y CAGR
9.0%+4.7%
Category 4.3%
5Y CAGR
4.5%-1.0%
Category 5.5%
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NYLIM Hedge Multi-Strategy Tracker ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation
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Maximum drawdown
—
Sharpe ratio
—
Sortino ratio
—
Beta
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Alpha
—
R²
—
Information ratio
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Upside capture
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Downside capture
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Tracking error
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Trailing returns compared with benchmark
Period1M3M6MYTD1Y3YCAGR5YCAGR10YCAGRLaunchCAGR
ETF-0.5%0.0%+6.5%+8.5%+10.2%+9.0%+4.5%+3.9%+3.5%
Multistrategy average2.5%3.0%4.2%6.1%4.8%4.3%5.5%3.9%4.9%
Difference-3.0%-3.0%+2.3%+2.4%+5.4%+4.7%-1.0%0.0%-1.4%

Holdings

The 9 largest positions make up 60.4% of the fund.

Top holdings

Largest holdings by weight
TickerHoldingWeight
FLOTiShares Floating Rate Bond ETF15.18%
VEAVanguard FTSE Developed Markets ETF9.15%
FLBLFranklin Senior Loan ETF8.25%
FLRNState Street® SPDR® Blmbg InvGrdFltRtETF5.87%
VGSHVanguard Short-Term Treasury ETF5.08%
FXEInvesco CurrencyShares® Euro Currency4.88%
IJRiShares Core S&P Small-Cap ETF4.47%
EMXCiShares MSCI Emerging Mkts ex China ETF3.94%
VTEBVanguard Tax-Exempt Bond ETF3.58%

Portfolio valuation

Weighted averages of what the fund holds.

P/E
18.3
P/B
2.6
P/S
1.8
P/CF
11.1

Sector allocation

Share of the equity the fund holds.

18.2%Financial services11 sectors
  1. Financial services18.2%
  2. Technology17.8%
  3. Industrials13.6%
  4. Communication services11.3%
  5. Energy9.6%
  6. Consumer discretionary7.4%
  7. Health care7.2%
  8. Materials4.7%
  9. Consumer staples3.8%
  10. Utilities3.7%
  11. Real estate2.7%

Asset mix

  • Bonds44.3%
  • Stocks31.8%
  • Other15.1%
  • Convertibles4.0%
  • Preferred shares2.7%
  • Cash2.1%

Credit quality

Share of the bonds by rating.

  • US government17.8%
  • AAA10.3%
  • AA55.7%
  • A17.7%
  • BBB3.6%
  • BB2.6%
  • B8.8%
  • Below B0.3%
  • Other1.0%

ETF details

Issuer
New York Life Investment Management LLC
Category
Alternatives · Multistrategy
Ticker
QAI
Exchange
NYSE Arca
Inception
25 Mar 2009 (17.5 years)
Structure
Exchange Traded Fund
Expense ratio
0.81% (category 1.94%)
Holdings turnover
55% (category 256%)
Distribution yield
1.39%
Beta, 3 years
0.38
Total net assets
$1B
Average duration
3.80 years
Average maturity
9.96 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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