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

$22.74

Average Daily Volume

6,994

Number of Holdings ^*

* 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

$32.39

Average Daily Volume

95,193

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HFND	QAI
30 Days	1.11%	0.36%
60 Days	2.41%	1.43%
90 Days	4.24%	2.95%
12 Months	11.19%	10.24%

3 Overlapping Holdings

Symbol	Grade	Weight in HFND	Weight in QAI	Overlap
BKLN	A	4.79%	-0.2%	-0.2%
ICVT	A	4.42%	-0.33%	-0.33%
PFF	C	0.27%	-0.23%	-0.23%

HFND Overweight 6 Positions Relative to QAI

Symbol	Grade	Weight
CMBS	C	3.41%
IGHG	A	2.51%
VFMO	B	2.11%
VTWO	B	1.59%
VMBS	C	-0.78%
XLRE	C	-1.18%

HFND Underweight 29 Positions Relative to QAI

Symbol	Grade	Weight
FLOT	A	-17.06%
MUB	A	-2.71%
SIVR	C	-0.03%
PIN	D	-0.0%
FLJP	D	-0.0%
KMLM	F	--0.02%
SPHQ	B	--0.02%
CTA	A	--0.02%
BBJP	D	--0.02%
COMT	D	--0.03%
PFFD	D	--0.04%
JEPI	A	--0.05%
DBMF	D	--0.07%
ARB	B	--0.09%
PDBC	D	--0.14%
SRLN	A	--0.18%
VTEB	A	--0.21%
DBA	A	--0.22%
MTUM	A	--0.22%
STIP	A	--0.31%
MNA	C	--0.33%
FLRN	A	--0.47%
CWB	A	--0.58%
UUP	A	--0.61%
SGOV	A	--0.72%
BIL	A	--0.94%
IGOV	F	--1.0%
BWX	F	--2.12%
BTAL	C	--2.68%

QAI: Top Represented Industries & Keywords

Industries: