PMIO vs. QAI ETF Comparison

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

$50.65

Average Daily Volume

264

Number of Holdings *

2

* may have additional holdings in another (foreign) market
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

$31.96

Average Daily Volume

160,465

Number of Holdings *

32

* may have additional holdings in another (foreign) market
Performance
Period PMIO QAI
30 Days -0.79% -0.31%
60 Days 0.02% 1.08%
90 Days 0.93% 3.77%
12 Months 10.98%
2 Overlapping Holdings
Symbol Grade Weight in PMIO Weight in QAI Overlap
MUB C 3.15% 2.7% 2.7%
VTEB B 3.58% -0.22% -0.22%
PMIO Overweight 0 Positions Relative to QAI
Symbol Grade Weight
PMIO Underweight 30 Positions Relative to QAI
Symbol Grade Weight
FLOT A -17.11%
SIVR B -0.03%
PIN D -0.0%
FLJP D -0.0%
SPHQ C --0.02%
BBJP D --0.02%
CTA A --0.02%
COMT D --0.03%
KMLM F --0.03%
PFFD C --0.04%
JEPI A --0.05%
DBMF D --0.07%
ARB A --0.1%
PDBC C --0.14%
SRLN A --0.19%
BKLN A --0.21%
MTUM B --0.23%
DBA C --0.24%
PFF C --0.25%
STIP B --0.33%
MNA A --0.35%
ICVT A --0.35%
FLRN A --0.49%
CWB A --0.61%
UUP A --0.62%
SGOV A --0.73%
BIL A --0.96%
IGOV D --1.03%
BWX D --2.18%
BTAL C --2.8%
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