Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.78% -0.18% 558.10M 94902.20
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
3.98% 94.00% -78.05M Upgrade

Basic Info

Investment Strategy
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 is a "fund of funds" which means it invests, under normal circumstances, at least 80% of its net assets, 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.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Blend
Fixed Income Style Medium Quality/Limited Sensitivity
Broad Asset Class Alternative
Broad Category Alternative
Category Name Multistrategy
Category Index Morningstar Mod Con Tgt Risk TR USD
Global Category Name Multialternative
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Growth
Fund Owner Firm Name IndexIQ
Prospectus Benchmark Index
IQ Hedge Multi-Strategy TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Greg Barrato 13.18 yrs
Francis Ok 0.58 yrs

Performance Versus Category

 
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View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of May 09, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
6.17%
-3.32%
8.68%
5.72%
-0.16%
-8.69%
10.07%
2.26%
23.97%
-9.41%
26.60%
16.25%
18.54%
-18.36%
22.20%
7.89%
5.59%
-4.52%
9.58%
7.44%
2.97%
-8.48%
7.14%
2.47%
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-15.18%
11.44%
0.32%
3.14%
7.02%
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3.58%
3.48%
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2.85%
As of May 09, 2024.

Asset Allocation

As of May 08, 2024.
Type % Net % Long % Short
Cash 14.68% Upgrade Upgrade
Stock 28.90% Upgrade Upgrade
Bond 40.89% Upgrade Upgrade
Convertible 9.37% Upgrade Upgrade
Preferred 3.92% Upgrade Upgrade
Other 2.25% Upgrade Upgrade

Basic Info

Investment Strategy
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 is a "fund of funds" which means it invests, under normal circumstances, at least 80% of its net assets, 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.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Blend
Fixed Income Style Medium Quality/Limited Sensitivity
Broad Asset Class Alternative
Broad Category Alternative
Category Name Multistrategy
Category Index Morningstar Mod Con Tgt Risk TR USD
Global Category Name Multialternative
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Growth
Fund Owner Firm Name IndexIQ
Prospectus Benchmark Index
IQ Hedge Multi-Strategy TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Greg Barrato 13.18 yrs
Francis Ok 0.58 yrs

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