NYLI Hedge Multi-Strategy Tracker ETF

Frequently Asked Questions About QAI

What does QAI invest in?

New York Life Investments ETF Trust - NYLI Hedge Multi-Strategy Tracker ETF is an exchange traded fund of funds launched and managed by New York Life Investment Management LLC. It invests through derivatives and through other funds in public equity, fixed income, currency and commodity markets of global region. The fund employs long/short strategy and uses derivatives such as futures and options to create its portfolio. For its equity portion, it invests through other funds in stocks of companies operating across diversified sectors. The fund invests in growth, value, low volatility and momentum stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in U.S. investment grade corporate debt, U.S. government bonds with short-term, long term and intermediate-term maturity obligations, U.S. high yield debt, U.S. Treasury Inflation Protection Securities, U.S. mortgage-backed debt, U.S. convertible debt, municipal bonds, U.S. floating rate debt and foreign sovereign debt. The fund also invests through other funds in U.S. and foreign real estate investment trusts, and commodities. For its currency portion, it invests through other funds and through derivatives in foreign currencies and currency futures. The fund seeks to track the performance of the NYLI Hedge Multi-Strategy Index, by using full replication technique. New York Life Investments ETF Trust - NYLI Hedge Multi-Strategy Tracker ETF was formed on March 25, 2009 and is domiciled in the United States.

What is the expense ratio of QAI?

NYLI Hedge Multi-Strategy Tracker ETF (QAI) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

What is QAI's dividend yield?

QAI's trailing-twelve-month yield is 1.40%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of QAI?

Effective duration measures QAI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. QAI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of QAI?

QAI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of QAI?

Yield to maturity (YTM) is the total return you'd earn from QAI if every bond in the portfolio is held to maturity at the current price. QAI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.