---
ticker: "QAI"
name: "NYLI Hedge Multi-Strategy Tracker ETF"
url: "https://etf.net/etf/QAI"
grade: "A"
score: 77
graded_at: "2026-10-12"
category: "Alternative Strategies"
category_rank: "2 of 30"
methodology: "https://etf.net/methodology"
---

# QAI: NYLI Hedge Multi-Strategy Tracker ETF

Grade **A**, Score 77 of 100. Rank 2 of 30 in Alternative Strategies.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 86 | 5 of 30 |
| Mission | Not scored | — |
| Risk | 72 | 6 of 30 |
| Tradability | 80 | 3 of 30 |
| Holdings | 57 | 7 of 15 |
| Durability | 84 | 2 of 30 |

## Top holdings

The fund holds 66 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | FLOT | iShares Floating Rate Bond ETF | 17.08% |
| 2 | VGSH | Vanguard Short-Term Treasury ETF | 12.25% |
| 3 | VEA | Vanguard FTSE Developed Markets ETF | 7.80% |
| 4 | FLBL | Franklin Senior Loan ETF Franklin Liberty Senior Loan Fund | 7.30% |
| 5 | EMXC | iShares MSCI Emerging Markets ex China ETF | 5.05% |
| 6 | FLRN | State Street SPDR Bloomberg Investment Grade Floating Rate ETF | 4.71% |
| 7 | IJR | iShares Core S&P Small Cap ETF | 4.51% |
| 8 | DBMF | iMGP DBi Managed Futures Strategy ETF | 3.63% |
| 9 | ICVT | iShares Convertible Bond ETF | 3.10% |
| 10 | JEPI | JPMorgan Equity Premium Income ETF | 3.05% |
| 11 | XLC | State Street Communication Services Select Sector SPDR ETF | 2.85% |
| 12 | PFFD | Global X U.S. Preferred ETF | 2.38% |
| 13 | MTUM | iShares MSCI USA Momentum Factor ETF | 2.33% |
| 14 | MNA | NYLIM Merger Arbitrage ETF | 2.31% |
| 15 | VTEB | Vanguard Tax-Exempt Bond ETF | 2.18% |
| 16 | CWB | State Street SPDR Bloomberg Convertible Securities ETF | 2.12% |
| 17 | MUB | iShares National Muni Bond ETF | 2.10% |
| 18 | VO | Vanguard Morningstar Mid-Cap ETF | 2.03% |
| 19 | UUP | Invesco DB US Dollar Index Bullish Fund | 1.99% |
| 20 | FLIN | Franklin FTSE India ETF | 1.73% |
| 21 | MCHI | iShares MSCI China ETF | 1.70% |
| 22 | DBA | Invesco DB Agriculture Fund | 1.70% |
| 23 | GPZ | VanEck Alternative Asset Manager ETF | 1.03% |
| 24 | CTA | Simplify Managed Futures Strategy ETF | 0.91% |
| 25 | ITA | iShares U.S. Aerospace & Defense ETF | 0.91% |
| 26 | — | AltShares Merger Arbitrage ETF | 0.90% |
| 27 | SIVR | abrdn Physical Silver Shares ETF | 0.74% |
| 28 | XLF | State Street Financial Select Sector SPDR ETF | 0.71% |
| 29 | XLK | State Street Technology Select Sector SPDR ETF | 0.37% |
| 30 | CASH | Cash | 0.32% |

Source: etf.net, https://etf.net/etf/QAI. Please cite the page URL.