HFND vs. QAI ETF Comparison

Comparison of Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$21.62

Average Daily Volume

10,719

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

QAI

IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF

QAI Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund invests normally at least 80% of its net assets (excluding collateral held from securities lending), plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.

Grade (RS Rating)

Last Trade

$30.93

Average Daily Volume

90,920

Number of Holdings ^*

43

* may have additional holdings in another (foreign) market

Performance

Period	HFND	QAI
30 Days	2.50%	1.55%
60 Days	-0.86%	0.23%
90 Days	1.60%	1.25%
12 Months	7.34%	9.64%

2 Overlapping Holdings

	Symbol	Grade	Weight in HFND	Weight in QAI	Overlap
	BKLN	A	6.8%	-0.5%	-0.5%
	ICVT	A	6.16%	-0.53%	-0.53%

HFND Overweight 4 Positions Relative to QAI

	Symbol	Grade	Weight
	HYG	A	20.53%
	VWO	A	6.87%
	IGHG	A	5.18%
	VXUS	A	5.04%

HFND Underweight 41 Positions Relative to QAI

	Symbol	Grade	Weight
	FLOT	A	-15.65%
	MUB	D	-3.55%
	SIVR	A	-0.0%
	GLDM	B	--0.01%
	SPHQ	A	--0.01%
	PIN	A	--0.01%
	FLJP	D	--0.01%
	VGLT	D	--0.02%
	CTA	A	--0.03%
	BBJP	D	--0.04%
	SCHG	A	--0.04%
	KMLM	F	--0.05%
	COMT	A	--0.05%
	PFFD	C	--0.07%
	VMBS	C	--0.07%
	MBB	C	--0.12%
	ARB	C	--0.17%
	DBMF	A	--0.19%
	SOXX	A	--0.2%
	HYLB	A	--0.23%
	MTUM	A	--0.29%
	PDBC	A	--0.34%
	DBA	C	--0.37%
	SCHR	D	--0.41%
	SRLN	A	--0.42%
	JEPI	B	--0.45%
	PFF	B	--0.46%
	VTEB	B	--0.52%
	JEPQ	A	--0.54%
	STIP	B	--0.54%
	FXB	A	--0.55%
	MNA	C	--0.66%
	FLRN	A	--0.82%
	UUP	A	--0.94%
	CWB	A	--1.06%
	IGOV	C	--1.22%
	VGIT	D	--1.26%
	SGOV	B	--1.27%
	BWX	F	--2.05%
	BIL	B	--2.07%
	BTAL	B	--3.35%

HFND: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bond Market Indices Corporate Bond Emerging Market Index Fund Stock Market Index Barclays Bloomberg Barclays Us Aggregate Bond Index Capitalization Weighted Index Convertibles Credit Default Swap Index Economic Geography Equity Derivative Exchange Traded Funds Ftse Emerging Index Ftse Global Energy Index High Yield Debt Invesco Powershares

QAI: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Indices U.S. Treasury Exchange Traded Funds Bloomberg Barclays Us Aggregate Bond Index Bond Market Invesco Powershares Managed Futures Account Stock Market Index Commodity Markets Swaps U.S. Government Arbitrage Betashares Bond Market Index Bullion Commodity