# NYLI Hedge Multi-Strategy Tracker ETF (QAI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/qai for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: NY Life Investments · Asset class: Alternatives - Strategy: Passive Index · Inception: 2009-03-25 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 mom... ## Key Facts | Metric | Value | |---|---| | Price | $35.85 | | Expense Ratio | 0.75% | | Assets Under Management | $998.9M | | NAV | $35.71 | | Holdings Count | 48 | | Distribution Yield (TTM) | 1.41% | | Annual Distribution (TTM) | $0.50 /share | | Distribution Frequency | Annual | | 52-Week Range | $33.00 – $36.90 | | Beta | 0.35 | ## Latest Distribution - Amount: $0.5043 /share - Ex-date: 2025-12-30 - Pay date: 2026-01-05 ## Frequently Asked Questions ### 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 1.41%, 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. ### Does QAI pay a dividend? Yes, NYLI Hedge Multi-Strategy Tracker ETF (QAI) distributes dividends to shareholders. The trailing-twelve-month yield is 1.41%. Full dividend history is on this page. ### How often does QAI pay dividends? NYLI Hedge Multi-Strategy Tracker ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is QAI's next ex-dividend date? The most recently announced ex-dividend date for QAI was 2025-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will QAI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.75% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does QAI charge its expense ratio? The expense ratio is deducted in tiny daily slices from QAI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does QAI cost more than a fund like VOO? QAI is a passive index fund (current expense ratio 0.75%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to QAI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as QAI (0.75%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/qai - Distribution history: https://www.dividenddata.com/funds/qai/dividend - Holdings & diversification: https://www.dividenddata.com/funds/qai/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/qai/expenses - Peer comparison: https://www.dividenddata.com/funds/qai/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.