# NYLIM Hedge Multi-Strategy Tracker ETF (QAI) — Overview

QAI · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/qai

## Price

Last close $35.97 on Oct 15, 2026. 52-week range $33.11 – $36.78.

## Fund profile

QAI tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs.

| Metric | Value |
| --- | --- |
| Issuer | New York Life Investment Management LLC |
| Industry | — |
| Inception | Mar 25, 2009 |
| Assets under management | $992.9M |
| Expense ratio | 0.81% |
| Net asset value | $35.78 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is NYLIM Hedge Multi-Strategy Tracker ETF (QAI)?

QAI tracks an index that aims to emulate hedge fund returns across different strategies, primarily by holding other ETFs.

### What is QAI's expense ratio?

NYLIM Hedge Multi-Strategy Tracker ETF charges an annual expense ratio of 0.81%. The fund is issued by New York Life Investment Management LLC.

### How large is QAI?

NYLIM Hedge Multi-Strategy Tracker ETF manages $992.9M in assets and has traded since Mar 25, 2009.

### How do I buy shares of NYLIM Hedge Multi-Strategy Tracker ETF (QAI)?

QAI trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).