QAI – NYLIM Hedge Multi-Strategy Tracker ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the NYLI Hedge Multi-Strategy Index. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
QAI	NYLIM Hedge Multi-Strategy Tracker ETF	ETF	Open		—	Mar 25, 2009	$1.01B	0.810%	—	—	$220.92M

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