QAI vs. PMIO ETF Comparison

Comparison of IQ Hedge MultiIQ Hedge Multi-Strategy Tracker ETF (QAI) to PGIM Municipal Income Opportunities ETF (PMIO)
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

$32.40

Average Daily Volume

89,399

Number of Holdings *

32

* may have additional holdings in another (foreign) market
PMIO

PGIM Municipal Income Opportunities ETF

PMIO Description Under normal circumstances, the fund invests at least 80% of its investable assets in municipal obligations whose income is exempt from federal income taxes. For purposes of this policy, such municipal obligations include zero coupon bonds, variable rate demand obligations, short term municipal notes, tax-exempt commercial paper, municipal lease obligations etc.

Grade (RS Rating)

Last Trade

$51.05

Average Daily Volume

251

Number of Holdings *

2

* may have additional holdings in another (foreign) market
Performance
Period QAI PMIO
30 Days 0.86% 0.48%
60 Days 1.79% 0.21%
90 Days 2.63% 0.72%
12 Months 10.59%
2 Overlapping Holdings
Symbol Grade Weight in QAI Weight in PMIO Overlap
MUB B 2.71% 3.22% 2.71%
VTEB B -0.21% 3.67% -0.21%
QAI Overweight 30 Positions Relative to PMIO
Symbol Grade Weight
FLOT A 17.06%
SIVR C 0.03%
PIN D 0.0%
FLJP D 0.0%
KMLM F -0.02%
SPHQ A -0.02%
CTA A -0.02%
BBJP D -0.02%
COMT C -0.03%
PFFD D -0.04%
JEPI A -0.05%
DBMF D -0.07%
ARB A -0.09%
PDBC C -0.14%
SRLN A -0.18%
BKLN A -0.2%
DBA B -0.22%
MTUM A -0.22%
PFF D -0.23%
STIP C -0.31%
MNA C -0.33%
ICVT A -0.33%
FLRN A -0.47%
CWB A -0.58%
UUP A -0.61%
SGOV B -0.72%
BIL A -0.94%
IGOV F -1.0%
BWX F -2.12%
BTAL D -2.68%
QAI Underweight 0 Positions Relative to PMIO
Symbol Grade Weight
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