QAINYLI Hedge Multi-Strategy Tracker ETF
Seeks investment results that correspond to the price and yield performance of the NYLI Hedge Multi-Strategy Index.
By New York Life Investment Management LLC · Launched 2009
Annual Cost
0.88%
#4,635 of 5,861 · expensive
Fund Size
$1.0B
#1,130 of 5,861 · large
Return (1Y)Goal
+12.3%
Track Record
17 years
#646 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$11,186+11.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Multi strategy
Focus
Hedge Funds
Index tracked
IQ Hedge Multi-Strategy Index
What it actually holds
By weightConcentration
Top 10 holdings = 78.4% of fund✓ diversified through underlying funds
ISHARES TRUST
17.0%
DREYFUS GOVERNMENT CASH MANAGEDGCXX
14.3%
Franklin Templeton ETF Trust
8.3%
VANGUARD TAX-MANAGED FUNDS
8.1%
VANGUARD SCOTTSDALE FUNDS
7.5%
iShares Trust
5.7%
SPDR SERIES TRUST
5.1%
ISHARES TRUST
4.4%
ISHARES INC
4.3%
ISHARES TRUST
3.8%
Asset allocation
Bonds
40.9%
Stocks
34.6%
Cash
14.1%
Convertible
6.0%
Preferred
2.4%
Other
2.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
6.9%Low
Year-on-year price swings
Max drawdown
-14.9%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.76Decent risk-adjusted returns
Sortino (3Y)
1.08Good downside protection
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks investment results that correspond to the price and yield performance of the NYLI Hedge Multi-Strategy Index.
- Strategy
- Invests primarily in a diverse group of underlying funds and exchange-traded products (ETPs) to track the NYLI Hedge Multi-Strategy Index. Employs a passive management approach to replicate hedge fund return characteristics, focusing on common asset classes and investment styles, including equity and fixed income strategies.
- Inception date
- March 25, 2009
- Fund family
- New York Life Investment Management LLC
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Data updated on 2026-08-04