QLS IQ Hedge Long/Short Tracker ETF

*Unless otherwise stated, data provided by FactSet.

QLS Fund Description

QLS tracks an index that seeks to replicate long/short hedge fund returns. The index takes long and short positions primarily in ETFs and swaps on ETFs.

QLS Factset Analytics Insight

QLS is a fund-of-funds that aims to emulate the returns of a group of multi-asset long/short hedge funds. It uses statistical analysis to map the returns of a hedge fund index onto a group of ETFs. The fund takes long and short (but not necessarily offsetting) positions in ETFs covering US, developed ex-US and emerging market equities, as well as investment-grade bonds and bank loans. Such broad building blocks seem like coarse tools to access a strategy often associated with taking opposing positions in extremely similar stocks. QLS is structured as a traditional ETF, albeit one that holds OTC derivatives.

PERFORMANCE [as of 10/04/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QLS -1.37% -3.29% -16.06% -13.35% 3.39% 3.58% --
QLS (NAV) -1.47% -3.39% -16.05% -13.39% 3.47% 3.64% --
IQ Hedge Long/Short Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QLS Summary Data

New York Life
IndexIQ
03/24/15
Open-Ended Fund
0.59%
$18.22M
$101.81K
0.09%

QLS Portfolio Data

Long/Short Broad-based
0.67%
N/A
--

QLS Index Data

Multi-Factor
Multi-Factor
N/A

QLS Portfolio Management

0.59%
--
--
--

QLS Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

QLS Fund Structure

Open-Ended Fund
Yes
Yes
-- / --
N/A
N/A
High
Daily

QLS Factset Analytics Block Liquidity

As of 10/05/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of QLS. QLS is rated a N/A out of 5.

QLS Tradability

4,381
$101.81K
2,070
$52.07K
0.09%
$0.02
0.00%
0.35% / -0.38%
None
100.00%
50,000
0.04
0.04%
0.12%
0
$23.33
N/A

QLS Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

QLS Top 5 Holdings Short

-0.00%

QLS Performance Statistics

-13.39%
4.09%
-6.32%
-0.08
-0.12
-0.19
0.60

QLS Correlations (Daily Returns 12 Mo)

0.93
0.43
0.14