IYLD vs. QAI ETF Comparison

Comparison of iShares Morningstar Multi-Asset Income ETF (IYLD) to IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI)

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$19.75

Average Daily Volume

21,866

Number of Holdings ^*

9

* 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

$30.58

Average Daily Volume

102,754

Number of Holdings ^*

41

* may have additional holdings in another (foreign) market

Performance

Period	IYLD	QAI
30 Days	0.26%	-0.73%
60 Days	1.43%	0.08%
90 Days	0.85%	1.95%
12 Months	9.79%	8.64%

2 Overlapping Holdings

	Symbol	Grade	Weight in IYLD	Weight in QAI	Overlap
	FLOT	A	15.08%	15.77%	15.08%
	PFF	C	14.63%	-0.47%	-0.47%

IYLD Overweight 7 Positions Relative to QAI

	Symbol	Grade	Weight
	HYG	A	19.9%
	IGSB	A	14.98%
	IDV	A	10.16%
	DVYE	A	10.13%
	REM	B	5.13%
	SHY	B	4.99%
	LEMB	C	4.96%

IYLD Underweight 39 Positions Relative to QAI

	Symbol	Grade	Weight
	MUB	B	-3.6%
	SIVR	B	-0.0%
	GLDM	B	--0.01%
	SPHQ	D	--0.01%
	PIN	A	--0.01%
	FLJP	C	--0.01%
	VGLT	D	--0.02%
	CTA	A	--0.03%
	BBJP	C	--0.04%
	SCHG	C	--0.04%
	KMLM	B	--0.05%
	COMT	B	--0.05%
	VMBS	C	--0.07%
	PFFD	C	--0.08%
	MBB	C	--0.12%
	ARB	D	--0.17%
	DBMF	B	--0.18%
	SOXX	C	--0.18%
	HYLB	A	--0.23%
	MTUM	D	--0.3%
	PDBC	B	--0.34%
	DBA	B	--0.36%
	SRLN	A	--0.41%
	SCHR	D	--0.41%
	JEPI	D	--0.45%
	BKLN	A	--0.53%
	JEPQ	C	--0.55%
	VTEB	B	--0.55%
	FXB	C	--0.57%
	ICVT	C	--0.57%
	STIP	A	--0.57%
	MNA	F	--0.71%
	FLRN	A	--0.86%
	UUP	A	--0.97%
	BIL	A	--1.05%
	CWB	C	--1.15%
	VGIT	D	--1.26%
	SGOV	B	--1.28%
	BWX	D	--2.08%

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bond Market Corporate Bond Dividend Yield Index Fund Bloomberg Barclays Us Aggregate Bond Index Bond Market Indices Collateralized Debt Obligation Credit Default Swap Index Currency Dividend Dow Jones Industrial Average Index Dynamic Basic Material Sector Intellidex Index Exchange Traded Funds Government Bonds High Yield Debt High Yield Stocks Ishares

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 Invesco Powershares Managed Futures Account Stock Market Index Bond Market Commodity Markets Swaps U.S. Government Arbitrage Betashares Bond Market Index Bullion Commodity