ATLASNYLI Hedge Multi-Strategy Tracker ETF (QAI): outlook, holdings and fees
NYLI Hedge Multi-Strategy Tracker ETF (QAI) is an exchange-traded fund and is managed by New York Life Investment Management LLC. The expense ratio is 0.74% and the yield is 1.46%. The ten largest holdings are 73% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on QAI
| Last price | $35.65 (+0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 62% |
| Likely 1-month range (50%) | $35.42 – $36.29 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 1.46% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
QAI fund facts
| Issuer | New York Life Investment Management LLC |
|---|---|
| Theme | Other strategies |
| Assets under management | $1.0B |
| Expense ratio | 0.74% |
| Number of holdings | 32 |
| Portfolio turnover | 0% |
| Inception | Mar 25, 2009 |
| Exchange | NYSE |
The fund is a "fund of funds" which means it will invest, under normal circumstances, at least 80% of its assets, (net assets plus the amount of any borrowings for investment purposes) in the investments included in its underlying index, which includes underlying funds. The Advisor is the index provider for the underlying index.
QAI top holdings
| Holding | Sector | Weight |
|---|---|---|
| iShares Floating Rate Bond ETF FLOT | – | 16.86% |
| Vanguard Scottsdale Funds - Vanguard Short-Term Treasury ETF VGSH | – | 13.94% |
| Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF VEA | – | 8.50% |
| Franklin Liberty Senior Loan ETF FLBL | – | 8.30% |
| SPDR® Bloomberg Investment Grade Floating Rate ETF FLRN | – | 5.29% |
| iShares MSCI Emerging Markets ex China EMXC | – | 5.12% |
| iShares Core S&P Small-Cap ETF IJR | – | 4.53% |
| iMGP DBi Managed Futures Strategy ETF DBMF | – | 3.61% |
| iShares Convertible Bond ETF ICVT | – | 3.65% |
| Communication Services Select Sector SPDR® Fund XLC | – | 3.14% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
QAI sector breakdown
| Sector | Weight |
|---|---|
| Technology | 20.4% |
| Financial Services | 19.0% |
| Industrials | 13.5% |
| Communication Services | 12.0% |
| Energy | 8.3% |
| Consumer Cyclicals | 7.1% |
| Healthcare | 6.9% |
| Basic Materials | 3.8% |
| Consumer Defensive | 3.8% |
| Utilities | 2.9% |
| Real Estate | 2.4% |
By region: North America 58.7%, Asia Emerging 11.0%, Asia Developed 10.0%, Europe Developed 8.3%, Japan 6.1%.
QAI returns and risk
| Year to date | +7.8% |
|---|---|
| 1 year | +9.5% |
| 3 years (annualised) | +9.1% |
| 5 years (annualised) | +4.8% |
| 10 years (annualised) | +3.8% |
| Volatility (3 years) | 5.0% |
| Sharpe ratio (3 years) | 0.84 |
Past returns do not guarantee future results.
QAI: frequently asked questions
What does QAI invest in?
NYLI Hedge Multi-Strategy Tracker ETF invests in a portfolio of securities. Its largest holdings are iShares Floating Rate Bond ETF (16.9%), Vanguard Scottsdale Funds - Vanguard Short-Term Treasury ETF (13.9%), Vanguard Tax-Managed Funds - Vanguard FTSE Developed Markets ETF (8.5%), Franklin Liberty Senior Loan ETF (8.3%), SPDR® Bloomberg Investment Grade Floating Rate ETF (5.3%).
What is the QAI expense ratio?
0.74% a year: about $74.00 for every $10,000 invested.
What is the QAI dividend yield?
1.46%. ATLAS does not hold the exact distribution dates for ETFs.
Will QAI go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 62%, with a likely range (50%) of $35.42 to $36.29 from $35.65 today. It is a probability, not a prediction.
How has QAI performed?
Year to date +7.8%, one year +9.5%, three years +9.1% a year, five years +4.8% a year. Past returns do not guarantee future results.
Similar ETFs: Other strategies
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- Vanguard Extended Market ETF (VXF)
- State Street SPDR S&P MidCap 400 ETF Trust (MDY)
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- iShares Russell 3000 ETF (IWV)
- Vanguard Mortgage-Backed Securities ETF (VMBS)
- State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM)
- iShares Preferred and Income Securities ETF (PFF)
Educational information, not investment advice. Disclaimer