QMN

IQ Hedge Market Neutral Tracker ETF
*Unless otherwise stated, data provided by FactSet.

QMN Fund Description

QMN tracks an index that aims for positive returns with minimal systematic or equity market risk. It uses long and short positions in various assets and asset classes.

QMN Factset Analytics Insight

QMN aims to hedge out equity risk while maintaining some upside. Its underlying index seeks to replicate the returns of hedge funds pursuing a market neutral strategy — a strategy that typically use both long and short positions in stocks (and may incude ETFs) while minimizing exposure to the systematic components of risk. Market neutral strategies shoots for zero beta — no equity market risk — using large fixed income and cash stakes, but without the use of short exposure. This feature allows the fund to avoid the cost drag from short equity positions that would otherwise show up in its total fee. It is important to note that any high correlations to equity and fixed income reduces the fund’s appeal as a long/short market neutral strategy. The fund and the index does not include hedge funds as components.

PERFORMANCE [as of 10/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QMN -0.53% -0.62% -0.19% 3.00% 3.18% 2.26% --
QMN (NAV) -0.78% -0.85% -0.33% 2.84% 3.13% 2.20% --
IQ Hedge Market Neutral Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QMN Summary Data

New York Life
IndexIQ
10/04/12
Open-Ended Fund
0.66%
$17.65M
$47.97K
0.12%
QED, QLS

QMN Portfolio Data

Long/Short Broad-based
2.10%
N/A
32

QMN Index Data

Multi-Factor
Multi-Factor
N/A

QMN Portfolio Management

0.66%
-0.52%
-0.46%
-0.57%

QMN Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

QMN Fund Structure

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

QMN Factset Analytics Block Liquidity

As of 10/22/21
5
4
3
2
1

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

QMN Tradability

1,787
$47.97K
443
$12.08K
0.12%
$0.03
0.00%
0.08% / -0.09%
None
100.00%
50,000
0.01
0.04%
166.49%
0
$27.12
1

QMN Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

QMN Top 5 Holdings Short

--

QMN Performance Statistics

2.84%
2.78%
-0.71%
0.07
0.09
-0.33
1.44

QMN Correlations (Daily Returns 12 Mo)

0.78
0.48
0.29