TABLE OF CONTENTS
​
​
IndexIQ ETF Trust
​
Semi-Annual Report
October 31, 2022
 
​
​
IQ Hedge Multi-Strategy Tracker ETF (QAI)
IQ Hedge Macro Tracker ETF (MCRO)
IQ Hedge Market Neutral Tracker ETF (QMN)
IQ Hedge Long/Short Tracker ETF (QLS)
IQ Hedge Event-Driven Tracker ETF (QED)
IQ Real Return ETF (CPI)
IQ S&P High Yield Low Volatility Bond ETF (HYLV)
IQ Merger Arbitrage ETF (MNA)
IQ Global Resources ETF (GRES)
IQ CBRE NextGen Real Estate ETF (Formerly IQ U.S.
Real Estate Small Cap ETF) (ROOF)
IQ FTSE International Equity Currency Neutral ETF
(Formerly IQ 50 Percent Hedged FTSE International
ETF) (HFXI)
IQ Chaikin U.S. Large Cap ETF (CLRG)
​ ​
IQ Chaikin U.S. Small Cap ETF (CSML)
IQ 500 International ETF (IQIN)
IQ Candriam ESG U.S. Large Cap Equity ETF (Formerly
IQ Candriam ESG US Equity ETF) (IQSU)
IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM)
IQ Candriam ESG International Equity ETF (IQSI)
IQ Healthy Hearts ETF (HART)
IQ Engender Equality ETF (EQUL)
IQ Cleaner Transport ETF (CLNR)
IQ Clean Oceans ETF (OCEN)
IQ Global Equity R&D Leaders ETF (WRND)
IQ U.S. Large Cap R&D Leaders ETF (LRND)
IQ U.S. Mid Cap R&D Leaders ETF (MRND)
 ​
   
Not FDIC Insured | May Lose Value | No Bank Guarantee
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TABLE OF CONTENTS
The investment return and value of each of the Funds’ shares will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. The prospectus and the statement of additional information include this and other relevant information about the Funds and are available by visiting newyorklifeinvestments.com/etf or by calling 1-888-474-7725. Read the prospectus carefully before investing.
Each of the Funds’ performance that is current to the most recent month-end is available by visiting newyorklifeinvestments.com/etf or by calling 1-888-474-7725.
Availability of Proxy Voting Policies and Proxy Voting Records
You may obtain a description of the IndexIQ ETF Trust proxy voting policies, procedures and information regarding how each Fund voted proxies relating to portfolio securities during the 12-month period ending June 30 (available by August 31) without charge, upon request, by calling 1-888-474-7725, visiting neworklifeinvestments.com/etf, or by accessing the SEC’s website at www.sec.gov.
Availability of Quarterly Schedule of Investments
The Funds file their complete schedules of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-PORT. The Funds’ Forms N-PORT are available on the Commission’s website at www.sec.gov. Additionally, the Funds' makes its portfolio holdings for the first and third quarters of each fiscal year available on the Funds’ website at newyorklifeinvestments.com\documents.
Availablity of Premium/Discount Information
Each Funds’ premium/discount information is available, free of charge, on the Funds’ website newyorklifeinvestments.com/etf or by calling 1-888-474-7725.
Electronic Delivery
Receive email notifications when your most recent shareholder communications are available for review. Access prospectuses, annual reports and semi-annual reports online.
To enroll:
Visit https://www.fundreports.com
If you have questions about IndexIQ e-Delivery services, contact a representative at 1-888-474-7725.
IndexIQ® and IQ® are registered service marks of New York Life Insurance Company.
"New York Life Investments" is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. IndexIQ® is the indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs, and NYLIFE Distributors LLC is a distributor of the ETFs. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC.
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TABLE OF CONTENTS​
Table of Contents  
​
​ ​ ​ ​ ​ 4 ​ ​
​ ​ ​ ​ ​ 5 ​ ​
​ ​ ​ ​ ​ 8 ​ ​
​ Schedules of Investments ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ 14 ​ ​
​ ​ ​ ​ ​ 23 ​ ​
​ ​ ​ ​ ​ 27 ​ ​
​ ​ ​ ​ ​ 30 ​ ​
​ ​ ​ ​ ​ 33 ​ ​
​ ​ ​ ​ ​ 35 ​ ​
​ ​ ​ ​ ​ 42 ​ ​
​ ​ ​ ​ ​ 50 ​ ​
​ ​ ​ ​ ​ 53 ​ ​
​ ​ ​ ​ ​ 57 ​ ​
​ ​ ​ ​ ​ 59 ​ ​
​ ​ ​ ​ ​ 70 ​ ​
​ ​ ​ ​ ​ 72 ​ ​
​ ​ ​ ​ ​ 78 ​ ​
​ ​ ​ ​ ​ 84 ​ ​
​ ​ ​ ​ ​ 88 ​ ​
​ ​ ​ ​ ​ 91 ​ ​
​ ​ ​ ​ ​ 99 ​ ​
​ ​ ​ ​ ​ 101 ​ ​
​ ​ ​ ​ ​ 103 ​ ​
​ ​ ​ ​ ​ 105 ​ ​
​ ​ ​ ​ ​ 107 ​ ​
​ ​ ​ ​ ​ 110 ​ ​
​ ​ ​ ​ ​ 112 ​ ​
​ ​ ​ ​ ​ 114 ​ ​
​ ​ ​ ​ ​ 120 ​ ​
​ ​ ​ ​ ​ 126 ​ ​
​ ​ ​ ​ ​ 138 ​ ​
​ ​ ​ ​ ​ 162 ​ ​
​ ​ ​ ​ ​ 191 ​ ​
3​
TABLE OF CONTENTS​
Shareholder Letter (unaudited) 
​
Message from the President​
A series of economic and geopolitical challenges undermined equity and fixed-income markets during the six-month reporting period ended October 31, 2022. Stocks and bonds alike trended lower in the face of sharply rising interest rates, increasing inflationary pressures, slowing economic growth and Russia’s invasion of Ukraine.
The reporting period began on a mixed note, with concerns about rising inflation and Russia’s invasion of Ukraine weighing on markets. On one hand, rising commodity prices and hopes that inflationary pressures might subside supported some asset classes and sectors. On the other, the U.S. Federal Reserve (the “Fed”) issued increasingly hawkish statements regarding its intention to combat mounting inflation. As a result, equity markets remained flat while U.S. fixed-income markets gained modest ground in May. Early June saw a downturn across asset classes as economic data showed increasing inflationary pressures, causing investors to anticipate a higher-than-previously-expected rate increase from the Fed at its meeting on June 15, 2022. Indeed, the Fed raised rates by 0.75% at that meeting, from a range of 0.75% to 1.00% to a range of 1.50% to 1.75%, its largest increase of the year to date. Markets rallied in the wake of the Fed meeting as investors started to hope that slowing economic growth might lead to rate decreases later in the year. In August, however, signs of persistently increasing inflation and statements from the Fed indicated that further rate increases were seen as necessary, undercutting optimism and driving stock and bond prices lower through mid-October. The Fed implemented two additional 0.75% rate increases during that time, with additional increases expected before the end of the year. International central banks generally raised rates as well, in efforts to curb local inflation, although most increases remained significantly more modest than those in the United States. Relatively high U.S. interest rates and international risk-averse sentiment pushed U.S. dollar values higher compared to most other currencies, with the ensuing negative impact on global prices for food, fuel and other key, U.S.-dollar-denominated products.
Despite a rally in the closing weeks of October, the S&P 500® Index, a widely regarded benchmark of U.S. market performance, declined by more than 5% during the reporting period. Although the energy sector generated strong gains, bolstered by elevated oil and gas prices, most other industry areas recorded losses. The more cyclical and growth-oriented sectors of consumer discretionary, real estate and information technology delivered the weakest returns, while the traditionally defensive and value-oriented consumer staples, utilities and health care sectors outperformed. International stocks lagged compared to their U.S. counterparts, with some emerging markets, such as China, suffering particularly steep losses. A few markets, however, including Brazil and Mexico, gained ground. Fixed-income markets saw bond prices broadly decline as yields rose along with interest rates. Short-term yields rose faster than long-term yields, producing a yield curve inversion from July through the end of the reporting period, with long-term rates remaining below short-term rates. Some floating-rate instruments, which feature variable interest rates that allow investors to benefit from a rising rate environment, provided a degree of insulation from inflation-driven trends.
While the Fed acknowledges the costs of rising rates in terms of weaker GDP (gross domestic product) growth and unsettled financial markets over the short term, its primary focus continues to be the longer-term economic impact of inflation. With the latest figures as of the date of this report showing that inflation remains above 8%, versus a target rate of just 2%, the Fed clearly has a distance yet to go, making further rate increases and market volatility more likely in the coming months. The question remains as to whether the Fed and other central banks will manage a so-called “soft landing,” curbing inflation while avoiding a persistent economic slowdown. If they prove successful, we expect that favorable inflation trends and increasingly attractive valuations in both equity and bond markets should eventually translate into sustainable improvements in the investment environment.
Whatever actions the Fed takes and however financial markets react, you can depend on us to provide you with the intelligent investment solutions that define the IndexIQ portfolio of exchange-traded funds. Thank you for trusting us to help you meet your investment needs.
Sincerely,
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Kirk C. Lehneis
President
The opinions expressed are as of the date of this report and are subject to change. There is no guarantee that any forecast made will come to pass. This material does not constitute investment advice and is not intended as an endorsement of any specific investment. Past performance is no guarantee of future results.
Not part of the Semi-Annual Report
4
TABLE OF CONTENTS​
Fund Expenses (unaudited) 
​
As a shareholder of a fund, you incur two types of costs: (1) transaction costs on purchases and sales and (2) ongoing costs, including Advisory fees and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other funds. Shareholders may pay brokerage commissions on their purchase and sale of the Fund, which are not reflected in the example.
The examples are based on an investment of  $1,000 invested at the beginning of the period and held for the entire period as indicated below.
Actual Expenses
The first line of the table below provides information about actual account values and actual expenses. You may use the information together with the amount you invested, in a particular fund, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During the Period 05/01/22 to 10/31/22” to estimate the expenses you paid on your account during this period. To the extent a Fund invests in any underlying funds, that Fund will indirectly bear its pro rata share of the expenses incurred by any underlying fund investments in which each such Fund invests. These expenses are not included in the table.
Hypothetical Example for Comparison Purposes
The second line of the table below also provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed annual rate of return of 5% before expenses, which are not the Funds’ actual returns. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in a fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds. To the extent a Fund invests in any underlying funds that Fund will indirectly bear its pro rata share of the expenses incurred by any underlying fund investments in which the Fund invests. These expenses are not included in the table.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the hypothetical example is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
​ ​ ​
Beginning
Account
Value
05/01/2022
​ ​
Ending
Account
Value
10/31/2022
​ ​
Annualized
Expense
Ratios for the
Period
05/01/2022
to 10/31/2022
​ ​
Expenses
Paid During
the Period
05/01/2022 to
10/31/20221
​
IQ Hedge Multi-Strategy Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 946.10 ​ ​ ​ ​ ​ 0.56% ​ ​ ​ ​ $ 2.75 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.38 ​ ​ ​ ​ ​ 0.56% ​ ​ ​ ​ $ 2.85 ​ ​
IQ Hedge Macro Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 938.20 ​ ​ ​ ​ ​ 0.45% ​ ​ ​ ​ $ 2.20 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.94 ​ ​ ​ ​ ​ 0.45% ​ ​ ​ ​ $ 2.29 ​ ​
IQ Hedge Market Neutral Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 967.30 ​ ​ ​ ​ ​ 0.45% ​ ​ ​ ​ $ 2.23 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.94 ​ ​ ​ ​ ​ 0.45% ​ ​ ​ ​ $ 2.29 ​ ​
IQ Hedge Long/Short Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 941.00 ​ ​ ​ ​ ​ 0.44% ​ ​ ​ ​ $ 2.15 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.99 ​ ​ ​ ​ ​ 0.44% ​ ​ ​ ​ $ 2.24 ​ ​
IQ Hedge Event-Driven Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 958.10 ​ ​ ​ ​ ​ 0.45% ​ ​ ​ ​ $ 2.22 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.94 ​ ​ ​ ​ ​ 0.45% ​ ​ ​ ​ $ 2.29 ​ ​
5​
TABLE OF CONTENTS
Fund Expenses (unaudited) (continued)
​
​ ​ ​
Beginning
Account
Value
05/01/2022
​ ​
Ending
Account
Value
10/31/2022
​ ​
Annualized
Expense
Ratios for the
Period
05/01/2022
to 10/31/2022
​ ​
Expenses
Paid During
the Period
05/01/2022 to
10/31/20221
​
IQ Real Return ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 945.30 ​ ​ ​ ​ ​ 0.28% ​ ​ ​ ​ $ 1.37 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,023.79 ​ ​ ​ ​ ​ 0.28% ​ ​ ​ ​ $ 1.43 ​ ​
IQ S&P High Yield Low Volatility Bond ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 971.70 ​ ​ ​ ​ ​ 0.42% ​ ​ ​ ​ $ 2.09 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,023.09 ​ ​ ​ ​ ​ 0.42% ​ ​ ​ ​ $ 2.14 ​ ​
IQ Merger Arbitrage ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 995.50 ​ ​ ​ ​ ​ 0.78% ​ ​ ​ ​ $ 3.92 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,021.27 ​ ​ ​ ​ ​ 0.78% ​ ​ ​ ​ $ 3.97 ​ ​
IQ Global Resources ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 938.00 ​ ​ ​ ​ ​ 0.32% ​ ​ ​ ​ $ 1.56 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,023.59 ​ ​ ​ ​ ​ 0.32% ​ ​ ​ ​ $ 1.63 ​ ​
IQ CBRE NextGen Real Estate ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 782.30 ​ ​ ​ ​ ​ 0.70% ​ ​ ​ ​ $ 3.14 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,021.68 ​ ​ ​ ​ ​ 0.70% ​ ​ ​ ​ $ 3.57 ​ ​
IQ FTSE International Equity Currency Neutral ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 909.90 ​ ​ ​ ​ ​ 0.21% ​ ​ ​ ​ $ 1.01 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,024.15 ​ ​ ​ ​ ​ 0.21% ​ ​ ​ ​ $ 1.07 ​ ​
IQ Chaikin U.S. Large Cap ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 975.40 ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ $ 1.24 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,023.95 ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ $ 1.28 ​ ​
IQ Chaikin U.S. Small Cap ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,030.60 ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ $ 1.84 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,023.39 ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ $ 1.84 ​ ​
IQ 500 International ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 879.70 ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ $ 1.18 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,023.95 ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ $ 1.28 ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 929.60 ​ ​ ​ ​ ​ 0.09% ​ ​ ​ ​ $ 0.44 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,024.75 ​ ​ ​ ​ ​ 0.09% ​ ​ ​ ​ $ 0.46 ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,036.00 ​ ​ ​ ​ ​ 0.15% ​ ​ ​ ​ $ 0.03* ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,000.93 ​ ​ ​ ​ ​ 0.15% ​ ​ ​ ​ $ 0.03 ​ ​
IQ Candriam ESG International Equity ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 874.40 ​ ​ ​ ​ ​ 0.15% ​ ​ ​ ​ $ 0.71 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,024.45 ​ ​ ​ ​ ​ 0.15% ​ ​ ​ ​ $ 0.77 ​ ​
IQ Healthy Hearts ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 930.20 ​ ​ ​ ​ ​ 0.46% ​ ​ ​ ​ $ 2.24 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.89 ​ ​ ​ ​ ​ 0.46% ​ ​ ​ ​ $ 2.35 ​ ​
IQ Engender Equality ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 968.80 ​ ​ ​ ​ ​ 0.46% ​ ​ ​ ​ $ 2.28 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.89 ​ ​ ​ ​ ​ 0.46% ​ ​ ​ ​ $ 2.35 ​ ​
IQ Cleaner Transport ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 864.30 ​ ​ ​ ​ ​ 0.46% ​ ​ ​ ​ $ 2.16 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.89 ​ ​ ​ ​ ​ 0.46% ​ ​ ​ ​ $ 2.35 ​ ​
6
TABLE OF CONTENTS
Fund Expenses (unaudited) (continued)
​
​ ​ ​
Beginning
Account
Value
05/01/2022
​ ​
Ending
Account
Value
10/31/2022
​ ​
Annualized
Expense
Ratios for the
Period
05/01/2022
to 10/31/2022
​ ​
Expenses
Paid During
the Period
05/01/2022 to
10/31/20221
​
IQ Clean Oceans ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 847.80 ​ ​ ​ ​ ​ 0.46% ​ ​ ​ ​ $ 2.14 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,022.89 ​ ​ ​ ​ ​ 0.46% ​ ​ ​ ​ $ 2.35 ​ ​
IQ Global Equity R&D Leaders ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 867.30 ​ ​ ​ ​ ​ 0.19% ​ ​ ​ ​ $ 0.89 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,024.25 ​ ​ ​ ​ ​ 0.19% ​ ​ ​ ​ $ 0.97 ​ ​
IQ U.S. Large Cap R&D Leaders ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 908.90 ​ ​ ​ ​ ​ 0.15% ​ ​ ​ ​ $ 0.72 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,024.45 ​ ​ ​ ​ ​ 0.15% ​ ​ ​ ​ $ 0.77 ​ ​
IQ U.S. Mid Cap R&D Leaders ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Actual
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 912.70 ​ ​ ​ ​ ​ 0.17% ​ ​ ​ ​ $ 0.82 ​ ​
Hypothetical (assuming a 5% return before expenses)
​ ​ ​ $ 1,000.00 ​ ​ ​ ​ $ 1,024.35 ​ ​ ​ ​ ​ 0.17% ​ ​ ​ ​ $ 0.87 ​ ​
​
*
Fund commenced operation on October 25, 2022. Expenses are calculated using the Fund’s annualized expense ratio, multiplied by the ending value for the period, multiplied by 7/365 (to reflect commencement of operation).
​
1
Unless otherwise indicated, expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 184/365.
​
7​
TABLE OF CONTENTS​
Portfolio Summaries* (unaudited) 
​
October 31, 2022
IQ Hedge Multi-Strategy Tracker ETF
Net Assets ($ mil): $648.9
Asset Class
​ ​
% of
Net Assets
​
Money Market Fund
​ ​ ​ ​ 21.5% ​ ​
Investment Grade Corporate Bond
Funds
​ ​ ​ ​ 18.6 ​ ​
U.S. Ultra Short Term Bond Funds
​ ​ ​ ​ 12.4 ​ ​
Convertible Bond Funds
​ ​ ​ ​ 11.9 ​ ​
Bank Loan Funds
​ ​ ​ ​ 9.2 ​ ​
Emerging Equity Funds
​ ​ ​ ​ 8.0 ​ ​
U.S. Medium Term Treasury Bond Funds
​ ​ ​ ​ 6.8 ​ ​
U.S. Large Cap Core Funds
​ ​ ​ ​ 5.0 ​ ​
Floating Rate — Investment Grade
Funds
​ ​ ​ ​ 4.2 ​ ​
International Equity Core Funds
​ ​ ​ ​ 3.3 ​ ​
U.S. Large Cap Growth Funds
​ ​ ​ ​ 3.1 ​ ​
Emerging Bonds — Local Currency
Funds
​ ​ ​ ​ 2.7 ​ ​
Gold Funds
​ ​ ​ ​ 2.7 ​ ​
Emerging Markets Small Cap Equity
Fund
​ ​ ​ ​ 2.4 ​ ​
U.S. Dollar Fund
​ ​ ​ ​ 2.4 ​ ​
U.S. Preferred Fund
​ ​ ​ ​ 1.4 ​ ​
Europe Equity Funds
​ ​ ​ ​ 1.4 ​ ​
Silver Funds
​ ​ ​ ​ 1.3 ​ ​
U.S. Small Cap Growth Funds
​ ​ ​ ​ 1.1 ​ ​
U.S. Momentum Fund
​ ​ ​ ​ 0.9 ​ ​
International Large Cap Growth Fund
​ ​ ​ ​ 0.4 ​ ​
U.S. REITS Funds
​ ​ ​ ​ 0.3 ​ ​
High Yield Corporate Bond Funds
​ ​ ​ ​ 0.3 ​ ​
Mortgage Backed Securities Funds
​ ​ ​ ​ 0.2 ​ ​
Municipal Bond Fund
​ ​ ​ ​ 0.0(a) ​ ​
Total Investments
​ ​ ​ ​ 121.5 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (21.5) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
*
Each Fund’s portfolio is subject to change.
​
(a)
Less than 0.05%.
​
IQ Hedge Macro Tracker ETF
Net Assets ($ mil): $2.5
Asset Class
​ ​
% of
Net Assets
​
U.S. Ultra Short Term Bond Funds
​ ​ ​ ​ 26.0% ​ ​
Emerging Equity Funds
​ ​ ​ ​ 15.0 ​ ​
Convertible Bond Funds
​ ​ ​ ​ 12.7 ​ ​
Investment Grade Corporate Bond
Funds
​ ​ ​ ​ 7.9 ​ ​
U.S. Medium Term Treasury Bond Funds
​ ​ ​ ​ 7.8 ​ ​
Floating Rate — Investment Grade
Funds
​ ​ ​ ​ 4.9 ​ ​
Emerging Bonds — Local Currency
Funds
​ ​ ​ ​ 4.9 ​ ​
Money Market Funds
​ ​ ​ ​ 4.7 ​ ​
Gold Funds
​ ​ ​ ​ 3.9 ​ ​
U.S. Large Cap Growth Funds
​ ​ ​ ​ 3.0 ​ ​
Emerging Small Cap Equity Fund
​ ​ ​ ​ 2.7 ​ ​
U.S. Dollar Fund
​ ​ ​ ​ 2.7 ​ ​
High Yield Corporate Bond Funds
​ ​ ​ ​ 2.5 ​ ​
Europe Equity Funds
​ ​ ​ ​ 2.0 ​ ​
U.S. Large Cap Core Funds
​ ​ ​ ​ 1.9 ​ ​
Silver Funds
​ ​ ​ ​ 1.9 ​ ​
Total Investments
​ ​ ​ ​ 104.5 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (4.5) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
See notes to financial statements.
8
TABLE OF CONTENTS
Portfolio Summaries* (unaudited) (continued)
​
October 31, 2022
IQ Hedge Market Neutral Tracker ETF
Net Assets ($ mil): $6.2
Asset Class
​ ​
% of
Net Assets
​
Money Market Funds
​ ​ ​ ​ 27.6% ​ ​
Bank Loan Funds
​ ​ ​ ​ 18.3 ​ ​
Floating Rate — Investment Grade
Funds
​ ​ ​ ​ 18.1 ​ ​
U.S. Medium Term Treasury Bond Funds
​ ​ ​ ​ 17.9 ​ ​
U.S. Ultra Short Term Bond Funds
​ ​ ​ ​ 11.6 ​ ​
U.S. Low Volatility Fund
​ ​ ​ ​ 6.3 ​ ​
High Yield Corporate Bond Funds
​ ​ ​ ​ 6.2 ​ ​
Treasury Inflation Protected Securities
​ ​ ​ ​ 6.1 ​ ​
U.S. Preferred Fund
​ ​ ​ ​ 6.0 ​ ​
Convertible Bond Funds
​ ​ ​ ​ 3.3 ​ ​
U.S. Dollar Fund
​ ​ ​ ​ 2.8 ​ ​
Mortgage Backed Securities Funds
​ ​ ​ ​ 2.8 ​ ​
Volatility Note
​ ​ ​ ​ 0.4 ​ ​
Emerging Bonds — Local Currency
Funds
​ ​ ​ ​ 0.0(a) ​ ​
Total Investments
​ ​ ​ ​ 127.4 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (27.4) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ Hedge Long/Short Tracker ETF
Net Assets ($ mil): $20.1
Asset Class
​ ​
% of
Net Assets
​
U.S. Large Cap Core Funds
​ ​ ​ ​ 29.7% ​ ​
International Equity Core Funds
​ ​ ​ ​ 29.3 ​ ​
Investment Grade Corporate Bond
Funds
​ ​ ​ ​ 17.1 ​ ​
U.S. Momentum Fund
​ ​ ​ ​ 7.8 ​ ​
Bank Loan Funds
​ ​ ​ ​ 7.0 ​ ​
Money Market Funds
​ ​ ​ ​ 5.0 ​ ​
International Large Cap Growth Fund
​ ​ ​ ​ 3.2 ​ ​
U.S. REITS Funds
​ ​ ​ ​ 3.0 ​ ​
U.S. Ultra Short Term Bond Funds
​ ​ ​ ​ 1.9 ​ ​
Volatility Note
​ ​ ​ ​ 1.0 ​ ​
Total Investments
​ ​ ​ ​ 105.0 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (5.0) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
*
Each Fund’s portfolio is subject to change.
​
(a)
Less than 0.05%.
​
IQ Hedge Event-Driven Tracker ETF
Net Assets ($ mil): $6.2
Asset Class
​ ​
% of
Net Assets
​
Investment Grade Corporate Bond
Funds
​ ​ ​ ​ 43.8% ​ ​
Bank Loan Funds
​ ​ ​ ​ 23.9 ​ ​
Convertible Bond Funds
​ ​ ​ ​ 22.0 ​ ​
Money Market Funds
​ ​ ​ ​ 17.2 ​ ​
U.S. Small Cap Growth Funds
​ ​ ​ ​ 5.3 ​ ​
U.S. Preferred Fund
​ ​ ​ ​ 4.8 ​ ​
U.S. Ultra Short Term Bond Funds
​ ​ ​ ​ 0.0(a) ​ ​
Total Investments
​ ​ ​ ​ 117.0 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (17.0) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ Real Return ETF
Net Assets ($ mil): $8.7
Industry
​ ​
% of
Net Assets
​
Government
​ ​ ​ ​ 59.7% ​ ​
Commodity Funds
​ ​ ​ ​ 9.8 ​ ​
Information Technology
​ ​ ​ ​ 6.4 ​ ​
Financials
​ ​ ​ ​ 5.0 ​ ​
Industrials
​ ​ ​ ​ 3.6 ​ ​
Health Care
​ ​ ​ ​ 3.6 ​ ​
Energy
​ ​ ​ ​ 2.5 ​ ​
Consumer Discretionary
​ ​ ​ ​ 2.5 ​ ​
Communication Services
​ ​ ​ ​ 1.7 ​ ​
Consumer Staples
​ ​ ​ ​ 1.6 ​ ​
Utilities
​ ​ ​ ​ 1.3 ​ ​
Real Estate
​ ​ ​ ​ 1.2 ​ ​
Materials
​ ​ ​ ​ 0.9 ​ ​
Money Market Funds
​ ​ ​ ​ 0.1 ​ ​
Total Investments
​ ​ ​ ​ 99.9 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.1 ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
See notes to financial statements.
9​
TABLE OF CONTENTS
Portfolio Summaries* (unaudited) (continued)
​
October 31, 2022
IQ S&P High Yield Low Volatility Bond ETF
Net Assets ($ mil): $18.2
Industry
​ ​
% of
Net Assets
​
Energy
​ ​ ​ ​ 15.5% ​ ​
Consumer Discretionary
​ ​ ​ ​ 14.9 ​ ​
Industrials
​ ​ ​ ​ 11.4 ​ ​
Media
​ ​ ​ ​ 11.2 ​ ​
Health Care
​ ​ ​ ​ 8.2 ​ ​
Information Technology
​ ​ ​ ​ 5.5 ​ ​
Consumer Staples
​ ​ ​ ​ 5.4 ​ ​
Materials
​ ​ ​ ​ 5.4 ​ ​
Utilities
​ ​ ​ ​ 4.6 ​ ​
Telecommunication Services
​ ​ ​ ​ 4.6 ​ ​
Financials
​ ​ ​ ​ 4.1 ​ ​
Real Estate
​ ​ ​ ​ 3.6 ​ ​
Transportation
​ ​ ​ ​ 3.3 ​ ​
Money Market Funds
​ ​ ​ ​ 1.9 ​ ​
Total Investments
​ ​ ​ ​ 99.6 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.4 ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ Merger Arbitrage ETF
Net Assets ($ mil): $558.9
Industry
​ ​
% of
Net Assets
​
Information Technology
​ ​ ​ ​ 24.2% ​ ​
Money Market Funds
​ ​ ​ ​ 21.1 ​ ​
Health Care
​ ​ ​ ​ 14.6 ​ ​
Real Estate
​ ​ ​ ​ 8.5 ​ ​
Industrials
​ ​ ​ ​ 7.2 ​ ​
U.S. Ultra Short Term Bond Funds
​ ​ ​ ​ 7.2 ​ ​
Communication Services
​ ​ ​ ​ 6.6 ​ ​
Financials
​ ​ ​ ​ 4.6 ​ ​
Consumer Discretionary
​ ​ ​ ​ 3.6 ​ ​
Materials
​ ​ ​ ​ 1.3 ​ ​
Consumer Staples
​ ​ ​ ​ 1.1 ​ ​
Energy
​ ​ ​ ​ 1.0 ​ ​
Utilities
​ ​ ​ ​ 1.0 ​ ​
Total Investments
​ ​ ​ ​ 102.0 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (2.0) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
*
Each Fund’s portfolio is subject to change.
​
(a)
Less than 0.05%.
​
IQ Global Resources ETF
Net Assets ($ mil): $36.3
Industry
​ ​
% of
Net Assets
​
Energy
​ ​ ​ ​ 32.3% ​ ​
Grains Food Fiber
​ ​ ​ ​ 26.2 ​ ​
Industrial Metals
​ ​ ​ ​ 21.7 ​ ​
Precious Metals
​ ​ ​ ​ 6.2 ​ ​
Water
​ ​ ​ ​ 5.0 ​ ​
Timber
​ ​ ​ ​ 4.7 ​ ​
Livestock
​ ​ ​ ​ 3.4 ​ ​
Money Market Funds
​ ​ ​ ​ 0.3 ​ ​
Coal
​ ​ ​ ​ 0.0(a) ​ ​
Total Investments
​ ​ ​ ​ 99.8 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.2 ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ CBRE NextGen Real Estate ETF
Net Assets ($ mil): $26.9
Industry
​ ​
% of
Net Assets
​
Industrial
​ ​ ​ ​ 33.7% ​ ​
Infrastructure (Tower)
​ ​ ​ ​ 17.3 ​ ​
Multi-Family Residential
​ ​ ​ ​ 14.6 ​ ​
Data Center
​ ​ ​ ​ 14.4 ​ ​
Health Care
​ ​ ​ ​ 12.1 ​ ​
Single-Family Residential
​ ​ ​ ​ 3.1 ​ ​
Manufactured Homes
​ ​ ​ ​ 3.0 ​ ​
Data Center Property Owners
​ ​ ​ ​ 0.6 ​ ​
REITs
​ ​ ​ ​ 0.6 ​ ​
Student Housing
​ ​ ​ ​ 0.5 ​ ​
Money Market Fund
​ ​ ​ ​ 0.2 ​ ​
Total Investments
​ ​ ​ ​ 100.1 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (0.1) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
See notes to financial statements.
10
TABLE OF CONTENTS
Portfolio Summaries* (unaudited) (continued)
​
October 31, 2022
IQ FTSE International Equity Currency Neutral ETF
Net Assets ($ mil): $264.9
Industry
​ ​
% of
Net Assets
​
Financials
​ ​ ​ ​ 17.0% ​ ​
Industrials
​ ​ ​ ​ 15.5 ​ ​
Health Care
​ ​ ​ ​ 12.9 ​ ​
Consumer Discretionary
​ ​ ​ ​ 10.8 ​ ​
Consumer Staples
​ ​ ​ ​ 10.1 ​ ​
Information Technology
​ ​ ​ ​ 9.8 ​ ​
Materials
​ ​ ​ ​ 8.0 ​ ​
Energy
​ ​ ​ ​ 4.8 ​ ​
Communication Services
​ ​ ​ ​ 4.7 ​ ​
Utilities
​ ​ ​ ​ 3.2 ​ ​
Real Estate
​ ​ ​ ​ 3.0 ​ ​
Money Market Fund
​ ​ ​ ​ 0.4 ​ ​
Total Investments
​ ​ ​ ​ 100.2 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (0.2) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ Chaikin U.S. Large Cap ETF
Net Assets ($ mil): $277.9
Industry
​ ​
% of
Net Assets
​
Information Technology
​ ​ ​ ​ 23.4% ​ ​
Health Care
​ ​ ​ ​ 20.1 ​ ​
Consumer Discretionary
​ ​ ​ ​ 13.1 ​ ​
Industrials
​ ​ ​ ​ 13.0 ​ ​
Financials
​ ​ ​ ​ 12.6 ​ ​
Communication Services
​ ​ ​ ​ 5.8 ​ ​
Consumer Staples
​ ​ ​ ​ 4.4 ​ ​
Energy
​ ​ ​ ​ 3.9 ​ ​
Real Estate
​ ​ ​ ​ 1.7 ​ ​
Utilities
​ ​ ​ ​ 0.9 ​ ​
Materials
​ ​ ​ ​ 0.9 ​ ​
Total Investments
​ ​ ​ ​ 99.8 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.2 ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
*
Each Fund’s portfolio is subject to change.
​
IQ Chaikin U.S. Small Cap ETF
Net Assets ($ mil): $238.2
Industry
​ ​
% of
Net Assets
​
Financials
​ ​ ​ ​ 24.1% ​ ​
Industrials
​ ​ ​ ​ 18.3 ​ ​
Health Care
​ ​ ​ ​ 12.8 ​ ​
Information Technology
​ ​ ​ ​ 10.7 ​ ​
Consumer Discretionary
​ ​ ​ ​ 10.4 ​ ​
Energy
​ ​ ​ ​ 5.4 ​ ​
Real Estate
​ ​ ​ ​ 4.6 ​ ​
Materials
​ ​ ​ ​ 4.2 ​ ​
Consumer Staples
​ ​ ​ ​ 3.9 ​ ​
Utilities
​ ​ ​ ​ 3.2 ​ ​
Communication Services
​ ​ ​ ​ 2.3 ​ ​
Money Market Funds
​ ​ ​ ​ 0.5 ​ ​
Total Investments
​ ​ ​ ​ 100.4 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (0.4) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ 500 International ETF
Net Assets ($ mil): $180.9
Industry
​ ​
% of
Net Assets
​
Industrials
​ ​ ​ ​ 21.1% ​ ​
Consumer Discretionary
​ ​ ​ ​ 13.0 ​ ​
Consumer Staples
​ ​ ​ ​ 11.2 ​ ​
Financials
​ ​ ​ ​ 10.0 ​ ​
Materials
​ ​ ​ ​ 9.6 ​ ​
Energy
​ ​ ​ ​ 9.3 ​ ​
Communication Services
​ ​ ​ ​ 8.5 ​ ​
Health Care
​ ​ ​ ​ 6.7 ​ ​
Utilities
​ ​ ​ ​ 5.8 ​ ​
Information Technology
​ ​ ​ ​ 4.3 ​ ​
Money Market Fund
​ ​ ​ ​ 1.9 ​ ​
Total Investments
​ ​ ​ ​ 101.4 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (1.4) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
See notes to financial statements.
11​
TABLE OF CONTENTS
Portfolio Summaries* (unaudited) (continued)
​
October 31, 2022
IQ Candriam ESG U.S. Large Cap Equity ETF
Net Assets ($ mil): $372.7
Industry
​ ​
% of
Net Assets
​
Information Technology
​ ​ ​ ​ 35.4% ​ ​
Consumer Discretionary
​ ​ ​ ​ 14.1 ​ ​
Health Care
​ ​ ​ ​ 9.8 ​ ​
Financials
​ ​ ​ ​ 8.7 ​ ​
Consumer Staples
​ ​ ​ ​ 8.0 ​ ​
Communication Services
​ ​ ​ ​ 7.9 ​ ​
Industrials
​ ​ ​ ​ 5.0 ​ ​
Energy
​ ​ ​ ​ 3.8 ​ ​
Real Estate
​ ​ ​ ​ 3.2 ​ ​
Materials
​ ​ ​ ​ 2.3 ​ ​
Utilities
​ ​ ​ ​ 1.5 ​ ​
Money Market Fund
​ ​ ​ ​ 0.0(a) ​ ​
Total Investments
​ ​ ​ ​ 99.7 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.3 ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
Net Assets ($ mil): $5.2
Industry
​ ​
% of
Net Assets
​
Industrials
​ ​ ​ ​ 20.0% ​ ​
Information Technology
​ ​ ​ ​ 15.2 ​ ​
Consumer Discretionary
​ ​ ​ ​ 14.4 ​ ​
Financials
​ ​ ​ ​ 12.3 ​ ​
Health Care
​ ​ ​ ​ 11.7 ​ ​
Real Estate
​ ​ ​ ​ 9.8 ​ ​
Materials
​ ​ ​ ​ 6.5 ​ ​
Consumer Staples
​ ​ ​ ​ 4.3 ​ ​
Communication Services
​ ​ ​ ​ 2.7 ​ ​
Utilities
​ ​ ​ ​ 1.5 ​ ​
Energy
​ ​ ​ ​ 1.5 ​ ​
Money Market Fund
​ ​ ​ ​ 0.1 ​ ​
Total Investments
​ ​ ​ ​ 100.0 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.0(a) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
*
Each Fund’s portfolio is subject to change.
​
(a)
Less than 0.05%.
​
IQ Candriam ESG International Equity ETF
Net Assets ($ mil): $181.2
Industry
​ ​
% of
Net Assets
​
Financials
​ ​ ​ ​ 16.6% ​ ​
Health Care
​ ​ ​ ​ 16.3 ​ ​
Industrials
​ ​ ​ ​ 14.1 ​ ​
Consumer Discretionary
​ ​ ​ ​ 11.4 ​ ​
Consumer Staples
​ ​ ​ ​ 8.9 ​ ​
Information Technology
​ ​ ​ ​ 8.6 ​ ​
Energy
​ ​ ​ ​ 6.5 ​ ​
Materials
​ ​ ​ ​ 6.5 ​ ​
Communication Services
​ ​ ​ ​ 5.1 ​ ​
Real Estate
​ ​ ​ ​ 2.8 ​ ​
Utilities
​ ​ ​ ​ 2.7 ​ ​
Money Market Funds
​ ​ ​ ​ 0.6 ​ ​
Total Investments
​ ​ ​ ​ 100.1 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (0.1) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ Healthy Hearts ETF
Net Assets ($ mil): $7.6
Industry
​ ​
% of
Net Assets
​
Health Care
​ ​ ​ ​ 70.4% ​ ​
Consumer Discretionary
​ ​ ​ ​ 10.8 ​ ​
Consumer Staples
​ ​ ​ ​ 7.5 ​ ​
Information Technology
​ ​ ​ ​ 4.9 ​ ​
Communication Services
​ ​ ​ ​ 4.5 ​ ​
Industrials
​ ​ ​ ​ 1.4 ​ ​
Real Estate
​ ​ ​ ​ 0.4 ​ ​
Money Market Fund
​ ​ ​ ​ 0.3 ​ ​
Total Investments
​ ​ ​ ​ 100.2 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (0.2) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
See notes to financial statements.
12
TABLE OF CONTENTS
Portfolio Summaries* (unaudited) (continued)
​
October 31, 2022
IQ Engender Equality ETF
Net Assets ($ mil): $5.2
Industry
​ ​
% of
Net Assets
​
Information Technology
​ ​ ​ ​ 17.0% ​ ​
Financials
​ ​ ​ ​ 16.8 ​ ​
Health Care
​ ​ ​ ​ 15.1 ​ ​
Consumer Discretionary
​ ​ ​ ​ 11.5 ​ ​
Consumer Staples
​ ​ ​ ​ 11.4 ​ ​
Communication Services
​ ​ ​ ​ 8.3 ​ ​
Industrials
​ ​ ​ ​ 7.6 ​ ​
Materials
​ ​ ​ ​ 6.8 ​ ​
Real Estate
​ ​ ​ ​ 3.9 ​ ​
Utilities
​ ​ ​ ​ 1.4 ​ ​
Money Market Fund
​ ​ ​ ​ 0.1 ​ ​
Total Investments
​ ​ ​ ​ 99.9 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.1 ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ Cleaner Transport ETF
Net Assets ($ mil): $4.4
Industry
​ ​
% of
Net Assets
​
Industrials
​ ​ ​ ​ 31.2% ​ ​
Information Technology
​ ​ ​ ​ 30.8 ​ ​
Consumer Discretionary
​ ​ ​ ​ 27.9 ​ ​
Utilities
​ ​ ​ ​ 6.6 ​ ​
Communication Services
​ ​ ​ ​ 2.9 ​ ​
Materials
​ ​ ​ ​ 0.5 ​ ​
Money Market Fund
​ ​ ​ ​ 0.1 ​ ​
Total Investments
​ ​ ​ ​ 100.0 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.0(a) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ Clean Oceans ETF
Net Assets ($ mil): $4.4
Industry
​ ​
% of
Net Assets
​
Information Technology
​ ​ ​ ​ 27.7% ​ ​
Industrials
​ ​ ​ ​ 26.6 ​ ​
Materials
​ ​ ​ ​ 15.2 ​ ​
Utilities
​ ​ ​ ​ 13.7 ​ ​
Consumer Staples
​ ​ ​ ​ 9.4 ​ ​
Consumer Discretionary
​ ​ ​ ​ 7.2 ​ ​
Money Market Funds
​ ​ ​ ​ 0.2 ​ ​
Total Investments
​ ​ ​ ​ 100.0 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.0(a) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
*
Each Fund’s portfolio is subject to change.
​
(a)
Less than 0.05%.
​
IQ Global Equity R&D Leaders ETF
Net Assets ($ mil): $3.8
Industry
​ ​
% of
Net Assets
​
Information Technology
​ ​ ​ ​ 32.6% ​ ​
Health Care
​ ​ ​ ​ 26.1 ​ ​
Consumer Discretionary
​ ​ ​ ​ 20.5 ​ ​
Communication Services
​ ​ ​ ​ 10.6 ​ ​
Industrials
​ ​ ​ ​ 7.9 ​ ​
Materials
​ ​ ​ ​ 0.9 ​ ​
Consumer Staples
​ ​ ​ ​ 0.8 ​ ​
Energy
​ ​ ​ ​ 0.5 ​ ​
Total Investments
​ ​ ​ ​ 99.9 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.1 ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ U.S. Large Cap R&D Leaders ETF
Net Assets ($ mil): $4.1
Industry
​ ​
% of
Net Assets
​
Information Technology
​ ​ ​ ​ 39.3% ​ ​
Health Care
​ ​ ​ ​ 27.8 ​ ​
Consumer Discretionary
​ ​ ​ ​ 12.8 ​ ​
Communication Services
​ ​ ​ ​ 12.6 ​ ​
Industrials
​ ​ ​ ​ 5.7 ​ ​
Materials
​ ​ ​ ​ 0.9 ​ ​
Consumer Staples
​ ​ ​ ​ 0.5 ​ ​
Energy
​ ​ ​ ​ 0.3 ​ ​
Money Market Fund
​ ​ ​ ​ 0.0(a) ​ ​
Total Investments
​ ​ ​ ​ 99.9 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ 0.1 ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
Net Assets ($ mil): $4.1
Industry
​ ​
% of
Net Assets
​
Information Technology
​ ​ ​ ​ 35.9% ​ ​
Health Care
​ ​ ​ ​ 26.4 ​ ​
Consumer Discretionary
​ ​ ​ ​ 12.9 ​ ​
Communication Services
​ ​ ​ ​ 9.1 ​ ​
Industrials
​ ​ ​ ​ 7.1 ​ ​
Materials
​ ​ ​ ​ 6.9 ​ ​
Money Market Fund
​ ​ ​ ​ 3.2 ​ ​
Energy
​ ​ ​ ​ 0.9 ​ ​
Real Estate
​ ​ ​ ​ 0.6 ​ ​
Total Investments
​ ​ ​ ​ 103.0 ​ ​
Other Assets and Liabilities, Net
​ ​ ​ ​ (3.0) ​ ​
Total Net Assets
​ ​ ​ ​ 100.0% ​ ​
​
See notes to financial statements.
13​
TABLE OF CONTENTS​
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Exchange Traded Vehicles — 6.4% ​
Gold Funds — 2.7% ​
abrdn Gold ETF Trust*
​ ​ ​ ​ 74,523 ​ ​ ​ ​ $ 1,164,795 ​ ​
Graniteshares Gold Trust*
​ ​ ​ ​ 26,608 ​ ​ ​ ​ ​ 430,251 ​ ​
iShares Gold Trust*(a)
​ ​ ​ ​ 429,845 ​ ​ ​ ​ ​ 13,316,598 ​ ​
SPDR Gold MiniShares Trust*
​ ​ ​ ​ 74,073 ​ ​ ​ ​ ​ 2,400,706 ​ ​
Total Gold Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 17,312,350 ​ ​
Silver Funds — 1.3% ​
abrdn Silver ETF Trust*
​ ​ ​ ​ 41,306 ​ ​ ​ ​ ​ 760,443 ​ ​
iShares Silver Trust*(a)
​ ​ ​ ​ 440,327 ​ ​ ​ ​ ​ 7,758,562 ​ ​
Total Silver Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,519,005 ​ ​
U.S. Dollar Fund — 2.4% ​
Invesco DB U.S. Dollar Index Bullish Fund*(a)
​ ​ ​ ​ 525,984 ​ ​ ​ ​ ​ 15,795,300 ​ ​
Total Exchange Traded Vehicles ​
(Cost $42,957,116)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 41,626,655 ​ ​
Investment Companies — 93.6% ​
Bank Loan Funds — 9.2% ​
Invesco Senior Loan ETF(a)
​ ​ ​ ​ 903,490 ​ ​ ​ ​ ​ 18,720,313 ​ ​
SPDR Blackstone Senior Loan ETF(a)
​ ​ ​ ​ 984,867 ​ ​ ​ ​ ​ 40,714,402 ​ ​
Total Bank Loan Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 59,434,715 ​ ​
Convertible Bond Funds — 11.9% ​
iShares Convertible Bond ETF(a)
​ ​ ​ ​ 330,998 ​ ​ ​ ​ ​ 23,358,529 ​ ​
SPDR Bloomberg Convertible Securities
ETF(a)
​ ​ ​ ​ 829,773 ​ ​ ​ ​ ​ 54,009,924 ​ ​
Total Convertible Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 77,368,453 ​ ​
Emerging Bonds — Local Currency Funds — 2.7% ​
SPDR Bloomberg Emerging Markets Local Bond ETF
​ ​ ​ ​ 396,613 ​ ​ ​ ​ ​ 7,472,189 ​ ​
VanEck J. P. Morgan EM Local Currency
Bond ETF
​ ​ ​ ​ 442,851 ​ ​ ​ ​ ​ 10,035,004 ​ ​
Total Emerging Bonds — Local Currency Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 17,507,193 ​ ​
Emerging Equity Funds — 8.0% ​
iShares Core MSCI Emerging Markets ETF
​ ​ ​ ​ 218,680 ​ ​ ​ ​ ​ 9,261,098 ​ ​
iShares MSCI Emerging Markets Min Vol
Factor ETF(a)
​ ​ ​ ​ 622,205 ​ ​ ​ ​ ​ 31,228,469 ​ ​
Schwab Emerging Markets Equity ETF
​ ​ ​ ​ 56,547 ​ ​ ​ ​ ​ 1,225,373 ​ ​
Vanguard FTSE Emerging Markets
ETF(a)
​ ​ ​ ​ 286,759 ​ ​ ​ ​ ​ 10,165,607 ​ ​
Total Emerging Equity Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 51,880,547 ​ ​
Emerging Markets Small Cap Equity Fund — 2.4% ​
SPDR S&P Emerging Markets SmallCap ETF
​ ​ ​ ​ 348,077 ​ ​ ​ ​ ​ 15,844,465 ​ ​
Europe Equity Funds — 1.4% ​
iShares Core MSCI Europe ETF(a)
​ ​ ​ ​ 33,633 ​ ​ ​ ​ ​ 1,442,519 ​ ​
JPMorgan BetaBuilders Europe ETF(a)
​ ​ ​ ​ 33,719 ​ ​ ​ ​ ​ 1,470,823 ​ ​
Vanguard FTSE Europe ETF(a)
​ ​ ​ ​ 118,151 ​ ​ ​ ​ ​ 5,912,276 ​ ​
Total Europe Equity Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,825,618 ​ ​
Floating Rate — Investment Grade Funds — 4.2% ​
iShares Floating Rate Bond ETF
​ ​ ​ ​ 399,242 ​ ​ ​ ​ ​ 20,057,918 ​ ​
SPDR Bloomberg Investment Grade Floating Rate ETF
​ ​ ​ ​ 229,006 ​ ​ ​ ​ ​ 6,943,462 ​ ​
Total Floating Rate — Investment Grade Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 27,001,380 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Investment Companies (continued) ​
High Yield Corporate Bond Funds — 0.3% ​
iShares iBoxx High Yield Corporate Bond
ETF(a)
​ ​ ​ ​ 15,450 ​ ​ ​ ​ $ 1,134,494 ​ ​
SPDR Bloomberg High Yield Bond
ETF(a)
​ ​ ​ ​ 5,368 ​ ​ ​ ​ ​ 483,388 ​ ​
Xtrackers USD High Yield Corporate Bond ETF(a)
​ ​ ​ ​ 9,269 ​ ​ ​ ​ ​ 312,365 ​ ​
Total High Yield Corporate Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,930,247 ​ ​
International Equity Core Funds — 3.3% ​
iShares Core MSCI EAFE ETF
​ ​ ​ ​ 181,521 ​ ​ ​ ​ ​ 10,114,350 ​ ​
Vanguard FTSE Developed Markets
ETF
​ ​ ​ ​ 293,008 ​ ​ ​ ​ ​ 11,301,319 ​ ​
Total International Equity Core
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 21,415,669 ​ ​
International Large Cap Growth Fund — 0.4% ​
iShares MSCI EAFE Growth ETF(a)
​ ​ ​ ​ 30,907 ​ ​ ​ ​ ​ 2,354,804 ​ ​
Investment Grade Corporate Bond Funds — 18.6% ​
iShares Broad USD Investment Grade Corporate Bond ETF(a)
​ ​ ​ ​ 6,914 ​ ​ ​ ​ ​ 328,000 ​ ​
iShares iBoxx $ Investment Grade Corporate Bond ETF
​ ​ ​ ​ 15,548 ​ ​ ​ ​ ​ 1,575,790 ​ ​
iShares Trust iShares 1-5 Year Investment
Grade Corporate Bond ETF(a)
​ ​ ​ ​ 803,491 ​ ​ ​ ​ ​ 39,419,268 ​ ​
Vanguard Intermediate-Term Corporate Bond ETF
​ ​ ​ ​ 25,086 ​ ​ ​ ​ ​ 1,885,464 ​ ​
Vanguard Short-Term Corporate Bond ETF(a)
​ ​ ​ ​ 1,049,631 ​ ​ ​ ​ ​ 77,662,198 ​ ​
Total Investment Grade Corporate Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 120,870,720 ​ ​
Mortgage Backed Securities Funds — 0.2% ​
iShares MBS ETF(a)
​ ​ ​ ​ 8,624 ​ ​ ​ ​ ​ 779,092 ​ ​
SPDR Portfolio Mortgage Backed Bond
ETF
​ ​ ​ ​ 6,895 ​ ​ ​ ​ ​ 145,691 ​ ​
Vanguard Mortgage-Backed Securities
ETF(a)
​ ​ ​ ​ 12,028 ​ ​ ​ ​ ​ 533,442 ​ ​
Total Mortgage Backed Securities Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,458,225 ​ ​
Municipal Bond Fund — 0.0%(b) ​
VanEck High Yield Muni ETF
​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 49 ​ ​
U.S. Large Cap Core Funds — 5.0% ​
Energy Select Sector SPDR Fund
​ ​ ​ ​ 93,926 ​ ​ ​ ​ ​ 8,453,340 ​ ​
Financial Select Sector SPDR Fund
​ ​ ​ ​ 206,044 ​ ​ ​ ​ ​ 7,001,375 ​ ​
Health Care Select Sector SPDR
Fund(a)
​ ​ ​ ​ 48,309 ​ ​ ​ ​ ​ 6,413,020 ​ ​
iShares MSCI USA Quality Factor ETF
​ ​ ​ ​ 20,032 ​ ​ ​ ​ ​ 2,254,802 ​ ​
Vanguard Energy ETF
​ ​ ​ ​ 13,876 ​ ​ ​ ​ ​ 1,748,098 ​ ​
Vanguard Financials ETF
​ ​ ​ ​ 24,585 ​ ​ ​ ​ ​ 2,052,356 ​ ​
Vanguard Health Care ETF
​ ​ ​ ​ 19,026 ​ ​ ​ ​ ​ 4,623,889 ​ ​
Total U.S. Large Cap Core Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 32,546,880 ​ ​
U.S. Large Cap Growth Funds — 3.1% ​
Schwab U.S. Large-Cap Growth ETF
​ ​ ​ ​ 45,775 ​ ​ ​ ​ ​ 2,668,225 ​ ​
Vanguard Growth ETF
​ ​ ​ ​ 60,670 ​ ​ ​ ​ ​ 13,513,636 ​ ​
Vanguard Mega Cap Growth ETF(a)
​ ​ ​ ​ 11,181 ​ ​ ​ ​ ​ 2,022,531 ​ ​
Vanguard Russell 1000 Growth ETF
​ ​ ​ ​ 27,859 ​ ​ ​ ​ ​ 1,595,206 ​ ​
Total U.S. Large Cap Growth Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 19,799,598 ​ ​
​
​
See notes to financial statements.
14
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Investment Companies (continued) ​
U.S. Medium Term Treasury Bond Funds — 6.8% ​
iShares 3-7 Year Treasury Bond ETF(a)
​ ​ ​ ​ 146,542 ​ ​ ​ ​ $ 16,638,379 ​ ​
Schwab Intermediate-Term U.S. Treasury ETF
​ ​ ​ ​ 228,695 ​ ​ ​ ​ ​ 11,132,873 ​ ​
Vanguard Intermediate-Term Treasury ETF(a)
​ ​ ​ ​ 285,441 ​ ​ ​ ​ ​ 16,495,635 ​ ​
Total U.S. Medium Term Treasury Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 44,266,887 ​ ​
U.S. Momentum Fund — 0.9% ​
iShares MSCI USA Momentum Factor ETF
​ ​ ​ ​ 38,528 ​ ​ ​ ​ ​ 5,688,274 ​ ​
U.S. Preferred Fund — 1.4% ​
iShares Preferred & Income Securities ETF(a)
​ ​ ​ ​ 297,220 ​ ​ ​ ​ ​ 9,068,182 ​ ​
U.S. REITS Funds — 0.3% ​
Fidelity MSCI Real Estate Index ETF
​ ​ ​ ​ 3,467 ​ ​ ​ ​ ​ 85,808 ​ ​
iShares Core U.S. REIT ETF(a)
​ ​ ​ ​ 2,146 ​ ​ ​ ​ ​ 106,828 ​ ​
Vanguard Real Estate ETF
​ ​ ​ ​ 23,622 ​ ​ ​ ​ ​ 1,960,154 ​ ​
Total U.S. REITS Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,152,790 ​ ​
U.S. Small Cap Growth Funds — 1.1% ​
iShares Russell 2000 Growth ETF
​ ​ ​ ​ 12,657 ​ ​ ​ ​ ​ 2,863,773 ​ ​
SPDR S&P 600 Small Cap Growth ETF
​ ​ ​ ​ 8,979 ​ ​ ​ ​ ​ 671,988 ​ ​
Vanguard Small-Cap Growth ETF(a)
​ ​ ​ ​ 17,727 ​ ​ ​ ​ ​ 3,702,461 ​ ​
Total U.S. Small Cap Growth Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,238,222 ​ ​
U.S. Ultra Short Term Bond Funds — 12.4% ​
Goldman Sachs Access Treasury
0-1 Year ETF
​ ​ ​ ​ 118,238 ​ ​ ​ ​ ​ 11,801,335 ​ ​
Invesco Treasury Collateral ETF(a)
​ ​ ​ ​ 145,589 ​ ​ ​ ​ ​ 15,326,154 ​ ​
IQ Ultra Short Duration ETF†
​ ​ ​ ​ 649,892 ​ ​ ​ ​ ​ 30,668,403 ​ ​
iShares Short Treasury Bond ETF(a)
​ ​ ​ ​ 115,165 ​ ​ ​ ​ ​ 12,664,695 ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​ ​ ​ 111,325 ​ ​ ​ ​ ​ 10,196,257 ​ ​
Total U.S. Ultra Short Term Bond
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 80,656,844 ​ ​
Total Investment Companies
(Cost $654,440,004)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 607,309,762 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​ ​ ​
Short-Term Investment — 21.5% ​ ​ ​
Money Market Fund — 21.5% ​ ​ ​
Dreyfus Government Cash Management Fund, Institutional Shares, 2.91%(c)(d)
(Cost $139,268,137)
​ ​ ​ ​ 139,268,137 ​ ​ ​ ​
$
139,268,137
 ​ ​ ​ ​
Total Investments — 121.5% ​ ​ ​ ​ ​ ​ ​
(Cost $836,665,257)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 788,204,554 ​ ​ ​ ​
Other Assets and Liabilities,
Net — (21.5)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (139,266,678) ​ ​ ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 648,937,876 ​ ​ ​ ​
​
​
*
Non-income producing securities.
​
†
Affiliated Fund.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $160,593,309; total market value of collateral held by the Fund was $164,882,208. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of  $25,614,071.
​
(b)
Less than 0.05%.
​
(c)
Reflects the 1-day yield at October 31, 2022.
​
(d)
Represents security purchased with cash collateral received for securities on loan.
​
​
Total Return Swap contracts outstanding at October 31, 2022:
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
abrdn Gold ETF Trust
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ $ 25,680 ​ ​ ​ ​ $ — ​ ​
abrdn Gold ETF Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 57,831 ​ ​ ​ ​ ​ — ​ ​
abrdn Silver ETF Trust
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 16,753 ​ ​ ​ ​ ​ — ​ ​
abrdn Silver ETF Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 37,759 ​ ​ ​ ​ ​ — ​ ​
Consumer Discretionary Select Sector SPDR Fund
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (248,740) ​ ​ ​ ​ ​ — ​ ​
Consumer Discretionary Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.15%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (558,980) ​ ​ ​ ​ ​ — ​ ​
Energy Select Sector SPDR Fund
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 186,300 ​ ​ ​ ​ ​ — ​ ​
Energy Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 419,670 ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
15​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
Fidelity MSCI Real Estate Index ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ $ 1,881 ​ ​ ​ ​ $ — ​ ​
Fidelity MSCI Real Estate Index ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 4,257 ​ ​ ​ ​ ​ — ​ ​
Financial Select Sector SPDR Fund
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 154,303 ​ ​ ​ ​ ​ — ​ ​
Financial Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 347,615 ​ ​ ​ ​ ​ — ​ ​
FlexShares Global Upstream Natural Resources Index Fund
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (561,004) ​ ​ ​ ​ ​ — ​ ​
FlexShares Global Upstream Natural Resources Index Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,260,632) ​ ​ ​ ​ ​ — ​ ​
Goldman Sachs Access Treasury 0-1 Year ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 260,105 ​ ​ ​ ​ ​ — ​ ​
Goldman Sachs Access Treasury 0-1 Year ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 585,985 ​ ​ ​ ​ ​ — ​ ​
Graniteshares Gold Trust
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 9,476 ​ ​ ​ ​ ​ — ​ ​
Graniteshares Gold Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 21,361 ​ ​ ​ ​ ​ — ​ ​
Health Care Select Sector SPDR Fund
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 141,379 ​ ​ ​ ​ ​ — ​ ​
Health Care Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 318,335 ​ ​ ​ ​ ​ — ​ ​
Industrial Select Sector SPDR Fund
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (266,444) ​ ​ ​ ​ ​ — ​ ​
Industrial Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.15%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (598,651) ​ ​ ​ ​ ​ — ​ ​
Invesco DB U.S. Dollar Index Bullish Fund
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 348,138 ​ ​ ​ ​ ​ — ​ ​
Invesco DB U.S. Dollar Index Bullish Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 784,233 ​ ​ ​ ​ ​ — ​ ​
Invesco Senior Loan ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 412,618 ​ ​ ​ ​ ​ — ​ ​
Invesco Senior Loan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 929,458 ​ ​ ​ ​ ​ — ​ ​
Invesco Treasury Collateral ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 337,811 ​ ​ ​ ​ ​ — ​ ​
Invesco Treasury Collateral ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 760,892 ​ ​ ​ ​ ​ — ​ ​
Invesco Variable Rate Preferred ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,006,727) ​ ​ ​ ​ ​ — ​ ​
Invesco Variable Rate Preferred ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
18.48%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (4,509,135) ​ ​ ​ ​ ​ — ​ ​
IQ Ultra Short Duration ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 683,594 ​ ​ ​ ​ ​ — ​ ​
IQ Ultra Short Duration ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 1,522,680 ​ ​ ​ ​ ​ — ​ ​
iShares 0-5 Year High Yield Corporate Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,235,508) ​ ​ ​ ​ ​ — ​ ​
iShares 0-5 Year High Yield Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
3.93%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,776,248) ​ ​ ​ ​ ​ — ​ ​
iShares 20+ Year Treasury Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (173,479) ​ ​ ​ ​ ​ — ​ ​
iShares 20+ Year Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (389,822) ​ ​ ​ ​ ​ — ​ ​
iShares 3-7 Year Treasury Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 366,734 ​ ​ ​ ​ ​ — ​ ​
iShares 3-7 Year Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 826,117 ​ ​ ​ ​ ​ — ​ ​
iShares Broad USD Investment Grade Corporate Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 7,211 ​ ​ ​ ​ ​ — ​ ​
iShares Broad USD Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 16,272 ​ ​ ​ ​ ​ — ​ ​
iShares Convertible Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 514,879 ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
16
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
iShares Convertible Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ $ 1,159,747 ​ ​ ​ ​ $ — ​ ​
iShares Core MSCI EAFE ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 222,936 ​ ​ ​ ​ ​ — ​ ​
iShares Core MSCI EAFE ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 502,149 ​ ​ ​ ​ ​ — ​ ​
iShares Core MSCI Emerging Markets
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 204,127 ​ ​ ​ ​ ​ — ​ ​
iShares Core MSCI Emerging Markets
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 459,794 ​ ​ ​ ​ ​ — ​ ​
iShares Core MSCI Europe ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 31,781 ​ ​ ​ ​ ​ — ​ ​
iShares Core MSCI Europe ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 71,626 ​ ​ ​ ​ ​ — ​ ​
iShares Core U.S. REIT ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 2,340 ​ ​ ​ ​ ​ — ​ ​
iShares Core U.S. REIT ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 5,277 ​ ​ ​ ​ ​ — ​ ​
iShares Floating Rate Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 442,112 ​ ​ ​ ​ ​ — ​ ​
iShares Floating Rate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 995,857 ​ ​ ​ ​ ​ — ​ ​
iShares Gold Trust
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 293,505 ​ ​ ​ ​ ​ — ​ ​
iShares Gold Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 661,175 ​ ​ ​ ​ ​ — ​ ​
iShares iBoxx $ Investment Grade Corporate Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 34,763 ​ ​ ​ ​ ​ — ​ ​
iShares iBoxx $ Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 78,242 ​ ​ ​ ​ ​ — ​ ​
iShares iBoxx High Yield Corporate Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 24,966 ​ ​ ​ ​ ​ — ​ ​
iShares iBoxx High Yield Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 56,321 ​ ​ ​ ​ ​ — ​ ​
iShares JP Morgan USD Emerging Markets
Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,666,526) ​ ​ ​ ​ ​ — ​ ​
iShares JP Morgan USD Emerging Markets
Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (3,744,752) ​ ​ ​ ​ ​ — ​ ​
iShares MBS ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 17,165 ​ ​ ​ ​ ​ — ​ ​
iShares MBS ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 38,666 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI China ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (87,100) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI China ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.68%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (195,761) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI EAFE Growth ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 51,885 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI EAFE Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 116,875 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Emerging Markets Min Vol Factor ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 688,306 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Emerging Markets Min Vol Factor ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 1,550,469 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Global Min Vol Factor ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,095,513) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Global Min Vol Factor ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.63%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (4,708,551) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Japan ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (186,113) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Japan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.88%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (418,166) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI USA Momentum Factor ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 125,346 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI USA Momentum Factor ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 282,435 ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
17​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
iShares MSCI USA Quality Factor ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ $ 49,752 ​ ​ ​ ​ $ — ​ ​
iShares MSCI USA Quality Factor ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 111,997 ​ ​ ​ ​ ​ — ​ ​
iShares Preferred & Income Securities
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 199,871 ​ ​ ​ ​ ​ — ​ ​
iShares Preferred & Income Securities
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 450,236 ​ ​ ​ ​ ​ — ​ ​
iShares Russell 2000 Growth ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 63,127 ​ ​ ​ ​ ​ — ​ ​
iShares Russell 2000 Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 142,318 ​ ​ ​ ​ ​ — ​ ​
iShares Russell 2000 Value ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (86,029) ​ ​ ​ ​ ​ — ​ ​
iShares Russell 2000 Value ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (193,276) ​ ​ ​ ​ ​ — ​ ​
iShares S&P Small-Cap 600 Value ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (47,915) ​ ​ ​ ​ ​ — ​ ​
iShares S&P Small-Cap 600 Value ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
2.08%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (107,619) ​ ​ ​ ​ ​ — ​ ​
iShares Short Treasury Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 279,104 ​ ​ ​ ​ ​ — ​ ​
iShares Short Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 628,808 ​ ​ ​ ​ ​ — ​ ​
iShares Silver Trust
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 171,002 ​ ​ ​ ​ ​ — ​ ​
iShares Silver Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 385,208 ​ ​ ​ ​ ​ — ​ ​
iShares TIPS Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,320,406) ​ ​ ​ ​ ​ — ​ ​
iShares TIPS Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,966,898) ​ ​ ​ ​ ​ — ​ ​
iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 868,853 ​ ​ ​ ​ ​ — ​ ​
iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 1,957,151 ​ ​ ​ ​ ​ — ​ ​
iShares U.S. Industrials ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (22,403) ​ ​ ​ ​ ​ — ​ ​
iShares U.S. Industrials ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
6.53%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (50,265) ​ ​ ​ ​ ​ — ​ ​
JPMorgan BetaBuilders Europe ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 32,410 ​ ​ ​ ​ ​ — ​ ​
JPMorgan BetaBuilders Europe ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 73,020 ​ ​ ​ ​ ​ — ​ ​
JPMorgan BetaBuilders Japan ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (138,711) ​ ​ ​ ​ ​ — ​ ​
JPMorgan BetaBuilders Japan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
10.63%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (311,681) ​ ​ ​ ​ ​ — ​ ​
Schwab Emerging Markets Equity ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 27,001 ​ ​ ​ ​ ​ — ​ ​
Schwab Emerging Markets Equity ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 60,849 ​ ​ ​ ​ ​ — ​ ​
Schwab Intermediate-Term U.S. Treasury ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 245,396 ​ ​ ​ ​ ​ — ​ ​
Schwab Intermediate-Term U.S. Treasury ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 552,761 ​ ​ ​ ​ ​ — ​ ​
Schwab International Small-Cap Equity
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (103,787) ​ ​ ​ ​ ​ — ​ ​
Schwab International Small-Cap Equity
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
6.28%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (233,220) ​ ​ ​ ​ ​ — ​ ​
Schwab U.S. Large-Cap Growth ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 58,815 ​ ​ ​ ​ ​ — ​ ​
Schwab U.S. Large-Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 132,493 ​ ​ ​ ​ ​ — ​ ​
Schwab U.S. TIPS ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (705,967) ​ ​ ​ ​ ​ — ​ ​
Schwab U.S. TIPS ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.78%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,586,322) ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
18
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
SPDR Blackstone Senior Loan ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ $ 897,409 ​ ​ ​ ​ $ — ​ ​
SPDR Blackstone Senior Loan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 2,021,443 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 224,762 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 506,218 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Barclays High Yield Bond
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 10,626 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Barclays High Yield Bond
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 23,953 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Convertible Securities
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 1,190,431 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Convertible Securities
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 2,681,578 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Emerging Markets Local
Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 164,699 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Emerging Markets Local
Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 370,997 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Investment Grade Floating Rate ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 153,055 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Investment Grade Floating Rate ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 344,738 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Short Term High Yield Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (808,907) ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Short Term High Yield Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.18%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,817,659) ​ ​ ​ ​ ​ — ​ ​
SPDR Dow Jones International Real Estate
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (132,671) ​ ​ ​ ​ ​ — ​ ​
SPDR Dow Jones International Real Estate
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
2.83%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (298,094) ​ ​ ​ ​ ​ — ​ ​
SPDR Gold MiniShares Trust
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 52,926 ​ ​ ​ ​ ​ — ​ ​
SPDR Gold MiniShares Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 222,171 ​ ​ ​ ​ ​ — ​ ​
SPDR Portfolio Long Term Treasury ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (37,339) ​ ​ ​ ​ ​ — ​ ​
SPDR Portfolio Long Term Treasury ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (83,914) ​ ​ ​ ​ ​ — ​ ​
SPDR Portfolio Mortgage Backed Bond
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 3,212 ​ ​ ​ ​ ​ — ​ ​
SPDR Portfolio Mortgage Backed Bond
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 7,226 ​ ​ ​ ​ ​ — ​ ​
SPDR S&P 600 Small Cap Growth ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 14,818 ​ ​ ​ ​ ​ — ​ ​
SPDR S&P 600 Small Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 33,379 ​ ​ ​ ​ ​ — ​ ​
SPDR S&P China ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (15,387) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P China ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
7.63%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (34,531) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Emerging Markets SmallCap
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 349,229 ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Emerging Markets SmallCap
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 786,677 ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Global Natural Resources ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (268,805) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Global Natural Resources ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.18%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (603,950) ​ ​ ​ ​ ​ — ​ ​
Technology Select Sector SPDR Fund
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (240,140) ​ ​ ​ ​ ​ — ​ ​
Technology Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.15%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (539,739) ​ ​ ​ ​ ​ — ​ ​
VanEck J.P. Morgan EM Local Currency Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 221,184 ​ ​ ​ ​ ​ — ​ ​
VanEck J.P. Morgan EM Local Currency Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 498,225 ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
19​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
Vanguard Consumer Discretionary ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ $ (74,611) ​ ​ ​ ​ $ — ​ ​
Vanguard Consumer Discretionary ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
15.48%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (167,513) ​ ​ ​ ​ ​ — ​ ​
Vanguard Emerging Markets Government
Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (322,663) ​ ​ ​ ​ ​ — ​ ​
Vanguard Emerging Markets Government
Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
2.08%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (725,047) ​ ​ ​ ​ ​ — ​ ​
Vanguard Energy ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 38,550 ​ ​ ​ ​ ​ — ​ ​
Vanguard Energy ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 86,800 ​ ​ ​ ​ ​ — ​ ​
Vanguard Financials ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 45,246 ​ ​ ​ ​ ​ — ​ ​
Vanguard Financials ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 101,929 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE All World ex-U.S. Small-Cap
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (228,691) ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE All World ex-U.S. Small-Cap
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.93%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (513,858) ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Developed Markets ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 249,085 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Developed Markets ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 561,116 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Emerging Markets ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 224,079 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Emerging Markets ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 504,702 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Europe ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 130,304 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Europe ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 293,535 ​ ​ ​ ​ ​ — ​ ​
Vanguard Global ex-U.S. Real Estate ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (960,965) ​ ​ ​ ​ ​ — ​ ​
Vanguard Global ex-U.S. Real Estate ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.88%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,159,330) ​ ​ ​ ​ ​ — ​ ​
Vanguard Growth ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 297,803 ​ ​ ​ ​ ​ — ​ ​
Vanguard Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 670,893 ​ ​ ​ ​ ​ — ​ ​
Vanguard Health Care ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 101,830 ​ ​ ​ ​ ​ — ​ ​
Vanguard Health Care ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 229,663 ​ ​ ​ ​ ​ — ​ ​
Vanguard Industrials ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
3.88%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (329,882) ​ ​ ​ ​ ​ — ​ ​
Vanguard Information Technology ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (103,022) ​ ​ ​ ​ ​ — ​ ​
Vanguard Information Technology ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.28%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (231,140) ​ ​ ​ ​ ​ — ​ ​
Vanguard Intermediate-Term Corporate Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 41,563 ​ ​ ​ ​ ​ — ​ ​
Vanguard Intermediate-Term Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 93,649 ​ ​ ​ ​ ​ — ​ ​
Vanguard Intermediate-Term Treasury
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 363,615 ​ ​ ​ ​ ​ — ​ ​
Vanguard Intermediate-Term Treasury
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 819,000 ​ ​ ​ ​ ​ — ​ ​
Vanguard Long-Term Treasury ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (24,284) ​ ​ ​ ​ ​ — ​ ​
Vanguard Long-Term Treasury ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.73%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (54,580) ​ ​ ​ ​ ​ — ​ ​
Vanguard Mega Cap Growth ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 44,499 ​ ​ ​ ​ ​ — ​ ​
Vanguard Mega Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 100,394 ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
20
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
Vanguard Mortgage-Backed Securities
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ $ 11,753 ​ ​ ​ ​ $ — ​ ​
Vanguard Mortgage-Backed Securities
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 26,477 ​ ​ ​ ​ ​ — ​ ​
Vanguard Real Estate ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 43,233 ​ ​ ​ ​ ​ — ​ ​
Vanguard Real Estate ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 97,336 ​ ​ ​ ​ ​ — ​ ​
Vanguard Russell 1000 Growth ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 35,158 ​ ​ ​ ​ ​ — ​ ​
Vanguard Russell 1000 Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 79,191 ​ ​ ​ ​ ​ — ​ ​
Vanguard Short-Term Corporate Bond
ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 1,711,759 ​ ​ ​ ​ ​ — ​ ​
Vanguard Short-Term Corporate Bond
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 3,855,915 ​ ​ ​ ​ ​ — ​ ​
Vanguard Small-Cap Growth ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 81,664 ​ ​ ​ ​ ​ — ​ ​
Vanguard Small-Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 183,797 ​ ​ ​ ​ ​ — ​ ​
Vanguard Small-Cap Value ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (163,340) ​ ​ ​ ​ ​ — ​ ​
Vanguard Small-Cap Value ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.08%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (366,994) ​ ​ ​ ​ ​ — ​ ​
Xtrackers USD High Yield Corporate Bond ETF
​ ​
Merrill Lynch
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 6,875 ​ ​ ​ ​ ​ — ​ ​
Xtrackers USD High Yield Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 15,502 ​ ​ ​ ​ ​ — ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $    — ​ ​
​
Cash posted has been segregated as collateral for swaps in the amount of  $1,411,444 at October 31, 2022.
​
(e)
Portfolio pays or receives the floating rate and receives or pays the total return of the reference rate entity.
​
(f)
Reflects the value at reset date of October 31, 2022.
​
Abbreviation
FEDEF  — Federal Funds Effective Rate
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(g) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Exchange Traded Vehicles
​ ​ ​ $ 41,626,655 ​ ​ ​ ​ $      — ​ ​ ​ ​ $      — ​ ​ ​ ​ $ 41,626,655 ​ ​
Investment Companies
​ ​ ​ ​ 607,309,762 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 607,309,762 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 139,268,137 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 139,268,137 ​ ​
Total Investments in Securities
​ ​ ​ ​ 788,204,554 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 788,204,554 ​ ​
Other Financial Instruments:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total Investments in Securities and Other Financial Instruments
​ ​ ​ $ 788,204,554 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 788,204,554 ​ ​
Liability Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Other Financial Instruments:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
(g)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
(h)
Reflects the unrealized appreciation (depreciation) of the instruments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
21​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Multi-Strategy Tracker ETF (continued)
​
October 31, 2022 (unaudited)
A summary of the Fund’s transactions with any affiliated fund during the period ended October 31, 2022 is as follows:
Affiliated Holdings
​ ​ ​
Shares at
04/30/2022
​ ​
Value
($) at
04/30/2022
​ ​
Purchases
Cost
($)
​ ​
Sales
Proceeds
($)
​ ​
Net
Realized
Gain/(Loss)
($)
​ ​
Net
Change in
Unrealized
Appreciation/​
(Depreciation)
($)
​ ​
Income
Distributions
($)
​ ​
Capital
Gain
Distributions
($)
​ ​
Shares at
10/31/2022
​ ​
Value
($) at
10/31/2022
​
IQ Ultra
Short
Duration
ETF
​ ​ ​ ​ 1,296,301 ​ ​ ​ ​ ​ 62,196,522 ​ ​ ​ ​ ​ 24,158,490 ​ ​ ​ ​ ​ (54,612,382) ​ ​ ​ ​ ​ (1,788,699) ​ ​ ​ ​ ​ 714,472 ​ ​ ​ ​ ​ 681,468 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 649,892 ​ ​ ​ ​ ​ 30,668,403 ​ ​
For more information on the determination, please refer to Note 6.
See notes to financial statements.
22
TABLE OF CONTENTS​
Schedule of Investments — IQ Hedge Macro Tracker ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Exchange Traded Vehicles — 8.5% ​
Gold Funds — 3.9% ​
abrdn Gold ETF Trust*
​ ​ ​ ​ 413 ​ ​ ​ ​ $ 6,455 ​ ​
Graniteshares Gold Trust*
​ ​ ​ ​ 148 ​ ​ ​ ​ ​ 2,393 ​ ​
iShares Gold Trust*
​ ​ ​ ​ 2,384 ​ ​ ​ ​ ​ 73,856 ​ ​
SPDR Gold MiniShares Trust*
​ ​ ​ ​ 411 ​ ​ ​ ​ ​ 13,321 ​ ​
Total Gold Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 96,025 ​ ​
Silver Funds — 1.9% ​
abrdn Silver ETF Trust*
​ ​ ​ ​ 229 ​ ​ ​ ​ ​ 4,216 ​ ​
iShares Silver Trust*(a)
​ ​ ​ ​ 2,442 ​ ​ ​ ​ ​ 43,028 ​ ​
Total Silver Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 47,244 ​ ​
U.S. Dollar Fund — 2.7% ​
Invesco DB U.S. Dollar Index Bullish
Fund*
​ ​ ​ ​ 2,190 ​ ​ ​ ​ ​ 65,766 ​ ​
Total Exchange Traded Vehicles ​ ​ ​
(Cost $216,153)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 209,035 ​ ​
Investment Companies — 91.3% ​
Convertible Bond Funds — 12.7% ​
iShares Convertible Bond ETF
​ ​ ​ ​ 1,344 ​ ​ ​ ​ ​ 94,846 ​ ​
SPDR Bloomberg Convertible Securities
ETF
​ ​ ​ ​ 3,368 ​ ​ ​ ​ ​ 219,223 ​ ​
Total Convertible Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 314,069 ​ ​
Emerging Bonds — Local Currency Funds — 4.9% ​
SPDR Bloomberg Emerging Markets Local
Bond ETF
​ ​ ​ ​ 2,753 ​ ​ ​ ​ ​ 51,866 ​ ​
VanEck J.P. Morgan EM Local Currency Bond ETF
​ ​ ​ ​ 3,074 ​ ​ ​ ​ ​ 69,657 ​ ​
Total Emerging Bonds — Local Currency
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 121,523 ​ ​
Emerging Equity Funds — 15.0% ​
iShares Core MSCI Emerging Markets
ETF
​ ​ ​ ​ 1,621 ​ ​ ​ ​ ​ 68,649 ​ ​
iShares MSCI Emerging Markets Min Vol Factor ETF
​ ​ ​ ​ 4,319 ​ ​ ​ ​ ​ 216,770 ​ ​
Schwab Emerging Markets Equity ETF
​ ​ ​ ​ 419 ​ ​ ​ ​ ​ 9,080 ​ ​
Vanguard FTSE Emerging Markets ETF
​ ​ ​ ​ 2,126 ​ ​ ​ ​ ​ 75,367 ​ ​
Total Emerging Equity Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 369,866 ​ ​
Emerging Small Cap Equity Fund — 2.7% ​
SPDR S&P Emerging Markets SmallCap
ETF
​ ​ ​ ​ 1,449 ​ ​ ​ ​ ​ 65,958 ​ ​
Europe Equity Funds — 2.0% ​
iShares Core MSCI Europe ETF
​ ​ ​ ​ 187 ​ ​ ​ ​ ​ 8,021 ​ ​
JPMorgan BetaBuilders Europe ETF
​ ​ ​ ​ 187 ​ ​ ​ ​ ​ 8,157 ​ ​
Vanguard FTSE Europe ETF(a)
​ ​ ​ ​ 655 ​ ​ ​ ​ ​ 32,776 ​ ​
Total Europe Equity Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 48,954 ​ ​
Floating Rate — Investment Grade Funds — 4.9% ​
iShares Floating Rate Bond ETF
​ ​ ​ ​ 1,808 ​ ​ ​ ​ ​ 90,834 ​ ​
SPDR Bloomberg Investment Grade Floating Rate ETF
​ ​ ​ ​ 1,037 ​ ​ ​ ​ ​ 31,442 ​ ​
Total Floating Rate — Investment Grade
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 122,276 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Investment Companies (continued) ​
High Yield Corporate Bond Funds — 2.5% ​
iShares iBoxx High Yield Corporate Bond ETF(a)
​ ​ ​ ​ 488 ​ ​ ​ ​ $ 35,834 ​ ​
SPDR Bloomberg High Yield Bond ETF(a)
​ ​ ​ ​ 169 ​ ​ ​ ​ ​ 15,218 ​ ​
Xtrackers USD High Yield Corporate Bond ETF
​ ​ ​ ​ 293 ​ ​ ​ ​ ​ 9,874 ​ ​
Total High Yield Corporate Bond
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 60,926 ​ ​
Investment Grade Corporate Bond Funds — 7.9% ​
iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
​ ​ ​ ​ 1,336 ​ ​ ​ ​ ​ 65,544 ​ ​
Vanguard Short-Term Corporate Bond
ETF
​ ​ ​ ​ 1,745 ​ ​ ​ ​ ​ 129,113 ​ ​
Total Investment Grade Corporate Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 194,657 ​ ​
U.S. Large Cap Core Funds — 1.9% ​
Energy Select Sector SPDR Fund
​ ​ ​ ​ 438 ​ ​ ​ ​ ​ 39,420 ​ ​
Vanguard Energy ETF
​ ​ ​ ​ 65 ​ ​ ​ ​ ​ 8,189 ​ ​
Total U.S. Large Cap Core Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 47,609 ​ ​
U.S. Large Cap Growth Funds — 3.0% ​
Schwab U.S. Large-Cap Growth ETF
​ ​ ​ ​ 170 ​ ​ ​ ​ ​ 9,909 ​ ​
Vanguard Growth ETF
​ ​ ​ ​ 225 ​ ​ ​ ​ ​ 50,117 ​ ​
Vanguard Mega Cap Growth ETF
​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 7,597 ​ ​
Vanguard Russell 1000 Growth ETF
​ ​ ​ ​ 103 ​ ​ ​ ​ ​ 5,898 ​ ​
Total U.S. Large Cap Growth Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 73,521 ​ ​
U.S. Medium Term Treasury Bond Funds — 7.8% ​
iShares 3-7 Year Treasury Bond ETF
​ ​ ​ ​ 642 ​ ​ ​ ​ ​ 72,893 ​ ​
Schwab Intermediate-Term U.S. Treasury ETF
​ ​ ​ ​ 1,002 ​ ​ ​ ​ ​ 48,777 ​ ​
Vanguard Intermediate-Term Treasury
ETF
​ ​ ​ ​ 1,250 ​ ​ ​ ​ ​ 72,238 ​ ​
Total U.S. Medium Term Treasury Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 193,908 ​ ​
U.S. Ultra Short Term Bond Funds — 26.0% ​
Goldman Sachs Access Treasury 0-1 Year ETF
​ ​ ​ ​ 941 ​ ​ ​ ​ ​ 93,921 ​ ​
Invesco Treasury Collateral ETF
​ ​ ​ ​ 1,159 ​ ​ ​ ​ ​ 122,008 ​ ​
IQ Ultra Short Duration ETF†
​ ​ ​ ​ 5,173 ​ ​ ​ ​ ​ 244,114 ​ ​
iShares Short Treasury Bond ETF
​ ​ ​ ​ 917 ​ ​ ​ ​ ​ 100,842 ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​ ​ ​ 886 ​ ​ ​ ​ ​ 81,149 ​ ​
Total U.S. Ultra Short Term Bond
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 642,034 ​ ​
Total Investment Companies ​ ​ ​
(Cost $2,368,636)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,255,301 ​ ​
Short-Term Investments — 4.7% ​
Money Market Funds — 4.7% ​
Dreyfus Government Cash Management Fund, Institutional Shares, 2.91%(b)(c)
​ ​ ​ ​ 111,315 ​ ​ ​ ​ ​ 111,315 ​ ​
Dreyfus Institutional Preferred Government
Money Market Fund, Institutional Shares,
3.09%(b)
​ ​ ​ ​ 5,290 ​ ​ ​ ​ ​ 5,290 ​ ​
Total Short-Term Investments ​ ​ ​
(Cost $116,605)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 116,605 ​ ​
​
​
See notes to financial statements.
23​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Macro Tracker ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Total Investments — 104.5% ​
(Cost $2,701,394)
 ​ ​ ​ ​ ​ ​ $ 2,580,941 ​ ​
Other Assets and Liabilities,
Net — (4.5)%
 ​ ​ ​ ​ ​ ​ ​ (111,449) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ $ 2,469,492 ​ ​
​
​
*
Non-income producing securities.
​
†
Affiliated Fund.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $107,494; total market value of collateral held by the Fund was $111,315.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
​
Total Return Swap contracts outstanding at October 31, 2022:
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(d)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(e)
​
abrdn Gold ETF Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ $ 656 ​ ​ ​ ​ $     — ​ ​
abrdn Silver ETF Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 423 ​ ​ ​ ​ ​ — ​ ​
Energy Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 3,960 ​ ​ ​ ​ ​ — ​ ​
FlexShares Global Upstream Natural Resources Index Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (30,368) ​ ​ ​ ​ ​ — ​ ​
Goldman Sachs Access Treasury 0-1 Year ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 9,482 ​ ​ ​ ​ ​ — ​ ​
Graniteshares Gold Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 243 ​ ​ ​ ​ ​ — ​ ​
Invesco DB U.S. Dollar Index Bullish Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 6,637 ​ ​ ​ ​ ​ — ​ ​
Invesco Treasury Collateral ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 12,317 ​ ​ ​ ​ ​ — ​ ​
IQ Ultra Short Duration ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 24,633 ​ ​ ​ ​ ​ — ​ ​
iShares 20+ Year Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (7,497) ​ ​ ​ ​ ​ — ​ ​
iShares 3-7 Year Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 7,380 ​ ​ ​ ​ ​ — ​ ​
iShares Broad USD Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
3.08%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (4,127) ​ ​ ​ ​ ​ — ​ ​
iShares Convertible Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 9,527 ​ ​ ​ ​ ​ — ​ ​
iShares Core MSCI Emerging Markets
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 6,903 ​ ​ ​ ​ ​ — ​ ​
iShares Core MSCI Europe ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 815 ​ ​ ​ ​ ​ — ​ ​
iShares Floating Rate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 9,144 ​ ​ ​ ​ ​ — ​ ​
iShares Gold Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 7,435 ​ ​ ​ ​ ​ — ​ ​
iShares iBoxx $ Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (19,865) ​ ​ ​ ​ ​ — ​ ​
iShares iBoxx High Yield Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 3,598 ​ ​ ​ ​ ​ — ​ ​
iShares JP Morgan USD Emerging Markets
Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (54,125) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI China ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.68%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (4,732) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Emerging Markets Min Vol Factor ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 21,833 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Japan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.88%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (8,048) ​ ​ ​ ​ ​ — ​ ​
iShares Short Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 10,117 ​ ​ ​ ​ ​ — ​ ​
iShares Silver Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 4,335 ​ ​ ​ ​ ​ — ​ ​
iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 6,623 ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
24
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Macro Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(d)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(e)
​
JPMorgan BetaBuilders Europe ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ $ 829 ​ ​ ​ ​ $ — ​ ​
JPMorgan BetaBuilders Japan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
10.63%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (6,009) ​ ​ ​ ​ ​ — ​ ​
Schwab Emerging Markets Equity ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 910 ​ ​ ​ ​ ​ — ​ ​
Schwab Intermediate-Term U.S. Treasury ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 4,917 ​ ​ ​ ​ ​ — ​ ​
Schwab U.S. Large-Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 991 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 8,152 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Convertible Securities
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 22,131 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Emerging Markets Local
Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 5,238 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg High Yield Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 1,531 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Investment Grade Floating Rate ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 3,184 ​ ​ ​ ​ ​ — ​ ​
SPDR Dow Jones International Real Estate
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
2.83%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (7,191) ​ ​ ​ ​ ​ — ​ ​
SPDR Gold MiniShares Trust
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 1,329 ​ ​ ​ ​ ​ — ​ ​
SPDR Portfolio Long Term Treasury ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,623) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P China ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
7.63%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (848) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Emerging Markets SmallCap
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 6,646 ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Global Natural Resources ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.18%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (14,571) ​ ​ ​ ​ ​ — ​ ​
VanEck J.P. Morgan EM Local Currency Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 7,025 ​ ​ ​ ​ ​ — ​ ​
Vanguard Emerging Markets Government
Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
2.08%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (10,473) ​ ​ ​ ​ ​ — ​ ​
Vanguard Energy ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 882 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Emerging Markets ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 7,586 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Europe ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 3,303 ​ ​ ​ ​ ​ — ​ ​
Vanguard Global ex-U.S. Real Estate ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.88%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (52,033) ​ ​ ​ ​ ​ — ​ ​
Vanguard Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 5,123 ​ ​ ​ ​ ​ — ​ ​
Vanguard Intermediate-Term Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.73%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (23,751) ​ ​ ​ ​ ​ — ​ ​
Vanguard Intermediate-Term Treasury
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 7,282 ​ ​ ​ ​ ​ — ​ ​
Vanguard Long-Term Treasury ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.73%
​ ​ ​ ​ 5/02/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,071) ​ ​ ​ ​ ​ — ​ ​
Vanguard Mega Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 724 ​ ​ ​ ​ ​ — ​ ​
Vanguard Russell 1000 Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 573 ​ ​ ​ ​ ​ — ​ ​
Vanguard Short-Term Corporate Bond
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 13,022 ​ ​ ​ ​ ​ — ​ ​
Xtrackers USD High Yield Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF +
0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 1,011 ​ ​ ​ ​ ​ — ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $     — ​ ​
​
See notes to financial statements.
25​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Macro Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
At October 31, 2022 there was no collateral held or posted. The Fund either receives fees from, or pays to the counterparty, the total return of the benchmark and the agreed-upon financing rate.
​
(d)
Portfolio pays or receives the floating rate and receives or pays the total return of the reference rate entity.
​
(e)
Reflects the value at reset date of October 31, 2022.
​
Abbreviation
FEDEF — Federal Funds Effective Rate
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(f) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Exchange Traded Vehicles
​ ​ ​ $ 209,035 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 209,035 ​ ​
Investment Companies
​ ​ ​ ​ 2,255,301 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,255,301 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 116,605 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 116,605 ​ ​
Total Investments in Securities
​ ​ ​ ​ 2,580,941 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,580,941 ​ ​
Other Financial Instruments:(g) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total Investments in Securities and Other Financial Instruments
​ ​ ​ $ 2,580,941 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 2,580,941 ​ ​
Liability Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Other Financial Instruments:(g) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
(f)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
(g)
Reflects the unrealized appreciation (depreciation) of the instruments.
​
For the period ended October 31, 2022, the Fund did not have any transfers between any levels within the fair value hierarchy. (See Note 2)
A summary of the Fund’s transactions with any affiliated fund during the period ended October 31, 2022 is as follows:
Affiliated Holdings
​ ​ ​
Shares at
04/30/2022
​ ​
Value
($) at
04/30/2022
​ ​
Purchases
Cost
($)
​ ​
Sales
Proceeds
($)
​ ​
Net
Realized
Gain/(Loss)
($)
​ ​
Net
Change in
Unrealized
Appreciation/​
(Depreciation)
($)
​ ​
Income
Distributions
($)
​ ​
Capital
Gain
Distributions
($)
​ ​
Shares at
10/31/2022
​ ​
Value
($) at
10/31/2022
​
IQ Ultra
Short
Duration
ETF
​ ​ ​ ​ 19,126 ​ ​ ​ ​ ​ 917,665 ​ ​ ​ ​ ​ 55,037 ​ ​ ​ ​ ​ (717,154) ​ ​ ​ ​ ​ (21,368) ​ ​ ​ ​ ​ 9,934 ​ ​ ​ ​ ​ 6,853 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,173 ​ ​ ​ ​ ​ 244,114 ​ ​
For more information on the determination, please refer to Note 6.
See notes to financial statements.
26
TABLE OF CONTENTS​
Schedule of Investments — IQ Hedge Market Neutral Tracker ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Exchange Traded Note — 0.4% ​
Volatility Note — 0.4% ​
iPath Series B S&P 500 VIX Short-Term Futures ETN*(a)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $35,164)
 ​ ​ ​
​
1,416
 ​ ​ ​ ​ $ 25,007 ​ ​
Exchange Traded Vehicle — 2.8% ​
U.S. Dollar Fund — 2.8% ​
Invesco DB U.S. Dollar Index Bullish Fund* ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $167,042)
 ​ ​ ​ ​ 5,977 ​ ​ ​ ​
​
179,489
 ​ ​
Investment Companies — 96.6% ​
Bank Loan Funds — 18.3% ​
Invesco Senior Loan ETF
​ ​ ​ ​ 17,394 ​ ​ ​ ​ ​ 360,404 ​ ​
SPDR Blackstone Senior Loan ETF(a)
​ ​ ​ ​ 18,962 ​ ​ ​ ​ ​ 783,889 ​ ​
Total Bank Loan Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,144,293 ​ ​
Convertible Bond Funds — 3.3% ​
iShares Convertible Bond ETF
​ ​ ​ ​ 893 ​ ​ ​ ​ ​ 63,019 ​ ​
SPDR Bloomberg Convertible Securities ETF 
 ​ ​ ​ ​ 2,239 ​ ​ ​ ​ ​ 145,737 ​ ​
Total Convertible Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 208,756 ​ ​
Emerging Bonds — Local Currency Funds — 0.0%(b) ​
SPDR Bloomberg Emerging Markets Local
Bond ETF
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 38 ​ ​
VanEck J. P. Morgan EM Local Currency Bond ETF
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 68 ​ ​
Total Emerging Bonds — Local Currency
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 106 ​ ​
Floating Rate — Investment Grade Funds — 18.1% ​
iShares Floating Rate Bond ETF
​ ​ ​ ​ 16,648 ​ ​ ​ ​ ​ 836,395 ​ ​
SPDR Bloomberg Investment Grade Floating Rate ETF
​ ​ ​ ​ 9,549 ​ ​ ​ ​ ​ 289,526 ​ ​
Total Floating Rate — Investment Grade
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,125,921 ​ ​
High Yield Corporate Bond Funds — 6.2% ​
iShares 0-5 Year High Yield Corporate Bond ETF(a)
​ ​ ​ ​ 5,674 ​ ​ ​ ​ ​ 231,783 ​ ​
SPDR Bloomberg Short Term High Yield Bond ETF
​ ​ ​ ​ 6,259 ​ ​ ​ ​ ​ 151,781 ​ ​
Total High Yield Corporate Bond
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 383,564 ​ ​
Mortgage Backed Securities Funds — 2.8% ​
iShares MBS ETF(a)
​ ​ ​ ​ 1,034 ​ ​ ​ ​ ​ 93,412 ​ ​
SPDR Portfolio Mortgage Backed Bond ETF 
 ​ ​ ​ ​ 827 ​ ​ ​ ​ ​ 17,474 ​ ​
Vanguard Mortgage-Backed Securities ETF 
 ​ ​ ​ ​ 1,443 ​ ​ ​ ​ ​ 63,997 ​ ​
Total Mortgage Backed Securities Funds 
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 174,883 ​ ​
Treasury Inflation Protected Securities — 6.1% ​
iShares TIPS Bond ETF
​ ​ ​ ​ 2,328 ​ ​ ​ ​ ​ 247,676 ​ ​
Schwab US TIPS ETF
​ ​ ​ ​ 2,533 ​ ​ ​ ​ ​ 132,450 ​ ​
Total Treasury Inflation Protected Securities
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 380,126 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Investment Companies (continued) ​
U.S. Low Volatility Fund — 6.3% ​
iShares MSCI Global Min Vol Factor ETF(a)
 ​ ​ ​ ​ 4,239 ​ ​ ​ ​ $ 393,082 ​ ​
U.S. Medium Term Treasury Bond Funds — 17.9% ​
iShares 3-7 Year Treasury Bond ETF
​ ​ ​ ​ 3,698 ​ ​ ​ ​ ​ 419,871 ​ ​
Schwab Intermediate-Term U.S. Treasury ETF
​ ​ ​ ​ 5,771 ​ ​ ​ ​ ​ 280,932 ​ ​
Vanguard Intermediate-Term Treasury
ETF
​ ​ ​ ​ 7,203 ​ ​ ​ ​ ​ 416,262 ​ ​
Total U.S. Medium Term Treasury Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,117,065 ​ ​
U.S. Preferred Fund — 6.0% ​
Invesco Variable Rate Preferred ETF(a)
​ ​ ​ ​ 17,142 ​ ​ ​ ​ ​ 376,438 ​ ​
U.S. Ultra Short Term Bond Funds — 11.6% ​
Goldman Sachs Access Treasury 0-1 Year ETF
​ ​ ​ ​ 1,055 ​ ​ ​ ​ ​ 105,300 ​ ​
Invesco Treasury Collateral ETF
​ ​ ​ ​ 1,299 ​ ​ ​ ​ ​ 136,746 ​ ​
IQ Ultra Short Duration ETF†
​ ​ ​ ​ 5,797 ​ ​ ​ ​ ​ 273,560 ​ ​
iShares Short Treasury Bond ETF
​ ​ ​ ​ 1,028 ​ ​ ​ ​ ​ 113,049 ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​ ​ ​ 992 ​ ​ ​ ​ ​ 90,857 ​ ​
Total U.S. Ultra Short Term Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 719,512 ​ ​
Total Investment Companies ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $6,460,883)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,023,746 ​ ​
Short-Term Investments — 27.6% ​
Money Market Funds — 27.6% ​
Dreyfus Government Cash Management Fund, Institutional Shares, 2.91%(c)(d)
​ ​ ​ ​ 1,704,172 ​ ​ ​ ​ ​ 1,704,172 ​ ​
Dreyfus Institutional Preferred Government
Money Market Fund, Institutional Shares,
3.09%(c)
​ ​ ​ ​ 15,027 ​ ​ ​ ​ ​ 15,027 ​ ​
Total Short-Term Investments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $1,719,199)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,719,199 ​ ​
Total Investments — 127.4% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $8,382,288)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,947,441 ​ ​
Other Assets and Liabilities,
Net — (27.4)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,707,775) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 6,239,666 ​ ​
​
​
*
Non-income producing securities.
​
†
Affiliated Fund.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $1,657,177; total market value of collateral held by the Fund was $1,704,172.
​
(b)
Less than 0.05%.
​
(c)
Reflects the 1-day yield at October 31, 2022.
​
(d)
Represents security purchased with cash collateral received for securities on loan.
​
Abbreviations
ETN — Exchange Traded Note
TIPS — Treasury Inflation Protected Security
​
See notes to financial statements.
27​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Market Neutral Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022:
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
Goldman Sachs Access Treasury 0-1 Year
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ $ 3,394 ​ ​ ​ ​ $     — ​ ​
Invesco DB U.S. Dollar Index Bullish
Fund 
 ​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 5,826 ​ ​ ​ ​ ​ — ​ ​
Invesco Senior Loan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 11,707 ​ ​ ​ ​ ​ — ​ ​
Invesco Treasury Collateral ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 4,421 ​ ​ ​ ​ ​ — ​ ​
Invesco Variable Rate Preferred ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 12,210 ​ ​ ​ ​ ​ — ​ ​
iPath Series B S&P 500 VIX Short-Term Futures ETN
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 812 ​ ​ ​ ​ ​ — ​ ​
IQ Ultra Short Duration ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 8,872 ​ ​ ​ ​ ​ — ​ ​
iShares 0-5 Year High Yield Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 7,516 ​ ​ ​ ​ ​ — ​ ​
iShares 3-7 Year Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 13,625 ​ ​ ​ ​ ​ — ​ ​
iShares Convertible Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 2,047 ​ ​ ​ ​ ​ — ​ ​
iShares Floating Rate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 27,130 ​ ​ ​ ​ ​ — ​ ​
iShares MBS ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 3,072 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Global Min Vol Factor
ETF
 ​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 12,797 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI USA Quality Factor ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 5/02/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (39,734) ​ ​ ​ ​ ​ — ​ ​
iShares Short Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 3,629 ​ ​ ​ ​ ​ — ​ ​
iShares TIPS Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 8,086 ​ ​ ​ ​ ​ — ​ ​
Schwab Intermediate-Term U.S. Treasury ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 9,103 ​ ​ ​ ​ ​ — ​ ​
Schwab U.S. Large-Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
3.36%
​ ​ ​ ​ 5/02/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (21,800) ​ ​ ​ ​ ​ — ​ ​
Schwab U.S. TIPS ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 4,288 ​ ​ ​ ​ ​ — ​ ​
SPDR Blackstone Senior Loan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 25,424 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 2,931 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Convertible Securities ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 4,752 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Investment Grade Floating Rate ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 9,399 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Short Term High Yield Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 4,923 ​ ​ ​ ​ ​ — ​ ​
SPDR Portfolio Mortgage Backed Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 571 ​ ​ ​ ​ ​ — ​ ​
Vanguard Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 5/02/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (110,256) ​ ​ ​ ​ ​ — ​ ​
Vanguard Intermediate-Term Treasury
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 13,523 ​ ​ ​ ​ ​ — ​ ​
Vanguard Mega Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
2.54%
​ ​ ​ ​ 5/02/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (16,461) ​ ​ ​ ​ ​ — ​ ​
Vanguard Mortgage-Backed Securities ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 7/05/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 2,084 ​ ​ ​ ​ ​ — ​ ​
Vanguard Russell 1000 Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.02%
​ ​ ​ ​ 5/02/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (13,055) ​ ​ ​ ​ ​ — ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​
At October 31, 2022 there was no collateral held or posted. The Fund either receives fees from, or pays to the counterparty, the total return of the benchmark and the agreed-upon financing rate.
​
(e)
Portfolio pays or receives the floating rate and receives or pays the total return of the reference rate entity.
​
(f)
Reflects the value at reset date of October 31, 2022.
​
Abbreviation
FEDEF — Federal Funds Effective Rate
See notes to financial statements.
28
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Market Neutral Tracker ETF (continued)
​
October 31, 2022 (unaudited)
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(g) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Exchange Traded Note
​ ​ ​ $  25,007 ​ ​ ​ ​ $  — ​ ​ ​ ​ $  — ​ ​ ​ ​ $  25,007 ​ ​
Exchange Traded Vehicle
​ ​ ​ ​ 179,489 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 179,489 ​ ​
Investment Companies
​ ​ ​ ​ 6,023,746 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,023,746 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 1,719,199 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,719,199 ​ ​
Total Investments in Securities
​ ​ ​ ​ 7,947,441 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 7,947,441 ​ ​
Other Financial Instruments:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total Investments in Securities and Other Financial Instruments
​ ​ ​ $ 7,947,441 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 7,947,441 ​ ​
Liability Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Other Financial Instruments:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
(g)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
(h)
Reflects the unrealized appreciation (depreciation) of the instruments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
A summary of the Fund’s transactions with any affiliated fund during the period ended October 31, 2022 is as follows:
Affiliated Holdings
​ ​ ​
Shares at
04/30/2022
​ ​
Value
($) at
04/30/2022
​ ​
Purchases
Cost
($)
​ ​
Sales
Proceeds
($)
​ ​
Net
Realized
Gain/(Loss)
($)
​ ​
Net
Change in
Unrealized
Appreciation/​
(Depreciation)
($)
​ ​
Income
Distributions
($)
​ ​
Capital
Gain
Distributions
($)
​ ​
Shares at
10/31/2022
​ ​
Value
($) at
10/31/2022
​
IQ Ultra
Short
Duration
ETF
​ ​ ​ ​ 33,327 ​ ​ ​ ​ ​ 1,599,029 ​ ​ ​ ​ ​ 313,515 ​ ​ ​ ​ ​ (1,624,635) ​ ​ ​ ​ ​ (24,377) ​ ​ ​ ​ ​ 10,028 ​ ​ ​ ​ ​ 8,388 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,797 ​ ​ ​ ​ ​ 273,560 ​ ​
For more information on the determination, please refer to Note 6.
See notes to financial statements.
29​
TABLE OF CONTENTS​
Schedule of Investments — IQ Hedge Long/Short Tracker ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Exchange Traded Note — 1.0% ​
Volatility Note — 1.0% ​
iPath Series B S&P 500 VIX Short-Term Futures ETN*(a)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $223,436)
 ​ ​ ​
​
11,094
 ​ ​ ​ ​ $ 195,920 ​ ​
Investment Companies — 99.0% ​
Bank Loan Funds — 7.0% ​
Invesco Senior Loan ETF
​ ​ ​ ​ 21,476 ​ ​ ​ ​ ​ 444,982 ​ ​
SPDR Blackstone Senior Loan ETF(a)
​ ​ ​ ​ 23,411 ​ ​ ​ ​ ​ 967,811 ​ ​
Total Bank Loan Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,412,793 ​ ​
International Equity Core Funds — 29.3% ​
iShares Core MSCI EAFE ETF
​ ​ ​ ​ 49,942 ​ ​ ​ ​ ​ 2,782,768 ​ ​
Vanguard FTSE Developed Markets ETF
​ ​ ​ ​ 80,614 ​ ​ ​ ​ ​ 3,109,282 ​ ​
Total International Equity Core
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,892,050 ​ ​
International Large Cap Growth Fund — 3.2% ​
iShares MSCI EAFE Growth ETF
​ ​ ​ ​ 8,503 ​ ​ ​ ​ ​ 647,844 ​ ​
Investment Grade Corporate Bond Funds — 17.1% ​
iShares Broad USD Investment Grade Corporate Bond ETF
​ ​ ​ ​ 6,285 ​ ​ ​ ​ ​ 298,160 ​ ​
iShares iBoxx $ Investment Grade Corporate Bond ETF
​ ​ ​ ​ 14,133 ​ ​ ​ ​ ​ 1,432,380 ​ ​
Vanguard Intermediate-Term Corporate
Bond ETF
​ ​ ​ ​ 22,807 ​ ​ ​ ​ ​ 1,714,174 ​ ​
Total Investment Grade Corporate Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,444,714 ​ ​
U.S. Large Cap Core Funds — 29.7% ​
Energy Select Sector SPDR Fund
​ ​ ​ ​ 4,136 ​ ​ ​ ​ ​ 372,240 ​ ​
Financial Select Sector SPDR Fund
​ ​ ​ ​ 56,689 ​ ​ ​ ​ ​ 1,926,292 ​ ​
Health Care Select Sector SPDR Fund
​ ​ ​ ​ 13,291 ​ ​ ​ ​ ​ 1,764,380 ​ ​
Vanguard Energy ETF
​ ​ ​ ​ 611 ​ ​ ​ ​ ​ 76,974 ​ ​
Vanguard Financials ETF
​ ​ ​ ​ 6,764 ​ ​ ​ ​ ​ 564,659 ​ ​
Vanguard Health Care ETF
​ ​ ​ ​ 5,235 ​ ​ ​ ​ ​ 1,272,262 ​ ​
Total U.S. Large Cap Core Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,976,807 ​ ​
U.S. Momentum Fund — 7.8% ​
iShares MSCI USA Momentum Factor
ETF
​ ​ ​ ​ 10,599 ​ ​ ​ ​ ​ 1,564,836 ​ ​
U.S. REITS Funds — 3.0% ​
Fidelity MSCI Real Estate Index ETF
​ ​ ​ ​ 953 ​ ​ ​ ​ ​ 23,587 ​ ​
iShares Core U.S. REIT ETF
​ ​ ​ ​ 590 ​ ​ ​ ​ ​ 29,370 ​ ​
Vanguard Real Estate ETF
​ ​ ​ ​ 6,500 ​ ​ ​ ​ ​ 539,370 ​ ​
Total U.S. REITS Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 592,327 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Investment Companies (continued) ​
U.S. Ultra Short Term Bond Funds — 1.9% ​
Goldman Sachs Access Treasury 0-1 Year
ETF
​ ​ ​ ​ 548 ​ ​ ​ ​ $ 54,696 ​ ​
Invesco Treasury Collateral ETF
​ ​ ​ ​ 676 ​ ​ ​ ​ ​ 71,163 ​ ​
IQ Ultra Short Duration ETF†
​ ​ ​ ​ 3,014 ​ ​ ​ ​ ​ 142,231 ​ ​
iShares Short Treasury Bond ETF
​ ​ ​ ​ 534 ​ ​ ​ ​ ​ 58,724 ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​ ​ ​ 516 ​ ​ ​ ​ ​ 47,260 ​ ​
Total U.S. Ultra Short Term Bond
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 374,074 ​ ​
Total Investment Companies
(Cost $22,557,357)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 19,905,445 ​ ​
Short-Term Investments — 5.0% ​
Money Market Funds — 5.0% ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(b)(c)
​ ​ ​ ​ 975,683 ​ ​ ​ ​ ​ 975,683 ​ ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(b)
​ ​ ​ ​ 28,719 ​ ​ ​ ​ ​ 28,719 ​ ​
Total Short-Term Investments
(Cost $1,004,402)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,004,402 ​ ​
Total Investments — 105.0%
(Cost $23,785,195)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 21,105,767 ​ ​
Other Assets and Liabilities,
Net — (5.0)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,009,400) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 20,096,367 ​ ​
​
​
*
Non-income producing securities.
​
†
Affiliated Fund.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $950,418; total market value of collateral held by the Fund was $975,683.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
​
Total Return Swap contracts outstanding at October 31, 2022:
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(d)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(e)
​
Consumer Discretionary Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 0.15%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ $ (211,868) ​ ​ ​ ​ $       — ​ ​
Energy Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 37,890 ​ ​ ​ ​ ​ — ​ ​
Fidelity MSCI Real Estate Index ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 2,401 ​ ​ ​ ​ ​ — ​ ​
Financial Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 195,895 ​ ​ ​ ​ ​ — ​ ​
Goldman Sachs Access Treasury
0-1 Year ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 5,589 ​ ​ ​ ​ ​ — ​ ​
Health Care Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 179,478 ​ ​ ​ ​ ​ — ​ ​
Industrial Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 0.15%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (226,912) ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
30
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Long/Short Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(d)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(e)
​
Invesco Senior Loan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ $ 45,252 ​ ​ ​ ​ $ — ​ ​
Invesco Treasury Collateral ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 7,264 ​ ​ ​ ​ ​ — ​ ​
iPath Series B S&P 500 VIX Short-Term Futures ETN
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 19,920 ​ ​ ​ ​ ​ — ​ ​
IQ Ultra Short Duration ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 14,487 ​ ​ ​ ​ ​ — ​ ​
iShares Broad USD Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 30,314 ​ ​ ​ ​ ​ — ​ ​
iShares Core MSCI EAFE ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 283,002 ​ ​ ​ ​ ​ — ​ ​
iShares Core U.S. REIT ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 2,987 ​ ​ ​ ​ ​ — ​ ​
iShares iBoxx $ Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 145,640 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI EAFE Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 65,904 ​ ​ ​ ​ ​ — ​ ​
iShares MSCI USA Momentum Factor ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 159,156 ​ ​ ​ ​ ​ — ​ ​
iShares Russell 2000 Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 1.28%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (116,298) ​ ​ ​ ​ ​ — ​ ​
iShares Russell 2000 Value ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 0.35%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (88,500) ​ ​ ​ ​ ​ — ​ ​
iShares S&P Small-Cap 600 Value ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 3.66%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (49,235) ​ ​ ​ ​ ​ — ​ ​
iShares Short Treasury Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 5,938 ​ ​ ​ ​ ​ — ​ ​
iShares U.S. Industrials ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 6.53%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (19,108) ​ ​ ​ ​ ​ — ​ ​
Schwab International Small-Cap Equity
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 6.28%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (88,370) ​ ​ ​ ​ ​ — ​ ​
Schwab U.S. Large-Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 3.03%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (38,122) ​ ​ ​ ​ ​ — ​ ​
SPDR Blackstone Senior Loan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 98,431 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 4,854 ​ ​ ​ ​ ​ — ​ ​
SPDR S&P 600 Small Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 13.23%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (27,317) ​ ​ ​ ​ ​ — ​ ​
Technology Select Sector SPDR Fund
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 0.09%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (204,464) ​ ​ ​ ​ ​ — ​ ​
Vanguard Consumer Discretionary
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 15.48%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (63,540) ​ ​ ​ ​ ​ — ​ ​
Vanguard Energy ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 7,811 ​ ​ ​ ​ ​ — ​ ​
Vanguard Financials ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 57,434 ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE All World ex-U.S. Small-Cap ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 0.93%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (194,729) ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Developed Markets
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 316,197 ​ ​ ​ ​ ​ — ​ ​
Vanguard Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 0.35%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (193,116) ​ ​ ​ ​ ​ — ​ ​
Vanguard Health Care ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 129,292 ​ ​ ​ ​ ​ — ​ ​
Vanguard Industrials ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 3.88%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (62,453) ​ ​ ​ ​ ​ — ​ ​
Vanguard Information Technology
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 1.28%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (87,503) ​ ​ ​ ​ ​ — ​ ​
Vanguard Intermediate-Term Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 174,296 ​ ​ ​ ​ ​ — ​ ​
Vanguard Mega Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 2.68%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (28,942) ​ ​ ​ ​ ​ — ​ ​
Vanguard Real Estate ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ 54,850 ​ ​ ​ ​ ​ — ​ ​
Vanguard Russell 1000 Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 0.68%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (22,789) ​ ​ ​ ​ ​ — ​ ​
Vanguard Small-Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 4.68%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (150,379) ​ ​ ​ ​ ​ — ​ ​
Vanguard Small-Cap Value ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 1.08%
​ ​ ​ ​ 12/04/2023 ​ ​ ​ ​ ​ Monthly ​ ​ ​ ​ ​ (167,998) ​ ​ ​ ​ ​ — ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $       — ​ ​
​
At October 31, 2022 there was no collateral held or posted. The Fund either receives fees from, or pays to the counterparty, the total return of the benchmark and the agreed-upon financing rate.
​
(d) Portfolio pays or receives the floating rate and receives or pays the total return of the reference rate entity.
(e) Reflects the value at reset date of October 31, 2022.
Abbreviation
FEDEF — Federal Funds Effective Rate
See notes to financial statements.
31​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Long/Short Tracker ETF (continued)
​
October 31, 2022 (unaudited)
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(f) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Exchange Traded Note
​ ​ ​ $ 195,920 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 195,920 ​ ​
Investment Companies
​ ​ ​ ​ 19,905,445 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 19,905,445 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 1,004,402 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,004,402 ​ ​
Total Investments in Securities
​ ​ ​ ​ 21,105,767 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 21,105,767 ​ ​
Other Financial Instruments:(g) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total Investments in Securities and Other Financial Instruments
​ ​ ​ $ 21,105,767 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 21,105,767 ​ ​
Liability Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Other Financial Instruments:(g) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
(f)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
(g)
Reflects the unrealized appreciation (depreciation) of the instruments.
​
For the year ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy (See Note 2)
A summary of the Fund’s transactions with any affiliated fund during the period ended October 31, 2022 is as follows:
Affiliated Holdings
​ ​ ​
Shares at
04/30/2022
​ ​
Value
($) at
04/30/2022
​ ​
Purchases
Cost
($)
​ ​
Sales
Proceeds
($)
​ ​
Net
Realized
Gain/(Loss)
($)
​ ​
Net
Change in
Unrealized
Appreciation/​
(Depreciation)
($)
​ ​
Income
Distributions
($)
​ ​
Capital
Gain
Distributions
($)
​ ​
Shares at
10/31/2022
​ ​
Value
($) at
10/31/2022
​
IQ Ultra
Short
Duration
ETF
​ ​ ​ ​ 5,260 ​ ​ ​ ​ ​ 252,375 ​ ​ ​ ​ ​ 24,889 ​ ​ ​ ​ ​ (131,627) ​ ​ ​ ​ ​ (2,068) ​ ​ ​ ​ ​ (1,338) ​ ​ ​ ​ ​ 2,395 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,014 ​ ​ ​ ​ ​ 142,231 ​ ​
For more information on the determination, please refer to Note 6.
See notes to financial statements.
32
TABLE OF CONTENTS​
Schedule of Investments — IQ Hedge Event-Driven Tracker ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Investment Companies — 99.8% ​
Bank Loan Funds — 23.9% ​
Invesco Senior Loan ETF
​ ​ ​ ​ 22,468 ​ ​ ​ ​ $ 465,537 ​ ​
SPDR Blackstone Senior Loan ETF(a)
​ ​ ​ ​ 24,491 ​ ​ ​ ​ ​ 1,012,458 ​ ​
Total Bank Loan Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,477,995 ​ ​
Convertible Bond Funds — 22.0% ​
iShares Convertible Bond ETF
​ ​ ​ ​ 5,806 ​ ​ ​ ​ ​ 409,729 ​ ​
SPDR Bloomberg Convertible Securities
ETF
​ ​ ​ ​ 14,555 ​ ​ ​ ​ ​ 947,385 ​ ​
Total Convertible Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,357,114 ​ ​
Investment Grade Corporate Bond Funds — 43.8% ​
iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
​ ​ ​ ​ 18,578 ​ ​ ​ ​ ​ 911,437 ​ ​
Vanguard Short-Term Corporate Bond
ETF
​ ​ ​ ​ 24,270 ​ ​ ​ ​ ​ 1,795,737 ​ ​
Total Investment Grade Corporate Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,707,174 ​ ​
U.S. Preferred Fund — 4.8% ​
iShares Preferred & Income Securities
ETF(a)
​ ​ ​ ​ 9,814 ​ ​ ​ ​ ​ 299,425 ​ ​
U.S. Small Cap Growth Funds — 5.3% ​
iShares Russell 2000 Growth ETF
​ ​ ​ ​ 576 ​ ​ ​ ​ ​ 130,326 ​ ​
SPDR S&P 600 Small Cap Growth ETF
​ ​ ​ ​ 409 ​ ​ ​ ​ ​ 30,610 ​ ​
Vanguard Small-Cap Growth ETF
​ ​ ​ ​ 807 ​ ​ ​ ​ ​ 168,550 ​ ​
Total U.S. Small Cap Growth Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 329,486 ​ ​
U.S. Ultra Short Term Bond Funds — 0.0%(b) ​
Goldman Sachs Access Treasury 0-1 Year ETF
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 499 ​ ​
Invesco Treasury Collateral ETF
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 632 ​ ​
IQ Ultra Short Duration ETF†
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 1,322 ​ ​
iShares Short Treasury Bond ETF
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 550 ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 457 ​ ​
Total U.S. Ultra Short Term Bond Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,460 ​ ​
Total Investment Companies
(Cost $6,841,557)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,174,654 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Short-Term Investments — 17.2% ​
Money Market Funds — 17.2% ​
Dreyfus Government Cash Management Fund, Institutional Shares, 2.91%(c)(d)
​ ​ ​ ​ 1,052,769 ​ ​ ​ ​ $ 1,052,769 ​ ​
Dreyfus Institutional Preferred Government
Money Market Fund, Institutional Shares,
3.09%(c)
​ ​ ​ ​ 13,335 ​ ​ ​ ​ ​ 13,335 ​ ​
Total Short-Term Investments
(Cost $1,066,104)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,066,104 ​ ​
Total Investments — 117.0%
(Cost $7,907,661)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,240,758 ​ ​
Other Assets and Liabilities,
Net — (17.0)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,055,323) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 6,185,435 ​ ​
​
​
†
Affiliated Fund.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $1,023,962; total market value of collateral held by the Fund was $1,052,769.
​
(b)
Less than 0.05%.
​
(c)
Reflects the 1-day yield at October 31, 2022.
​
(d)
Represents security purchased with cash collateral received for securities on loan.
​
​
Total Return Swap contracts outstanding at October 31, 2022: 
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
Invesco Senior Loan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ $ 13,965 ​ ​ ​ ​ $       — ​ ​
IQ Ultra Short Duration ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 47 ​ ​ ​ ​ ​ — ​ ​
iShares Convertible Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 12,279 ​ ​ ​ ​ ​ — ​ ​
iShares iBoxx High Yield Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 3.28%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (110,732) ​ ​ ​ ​ ​ — ​ ​
iShares Preferred & Income Securities ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 9,000 ​ ​ ​ ​ ​ — ​ ​
iShares Russell 2000 Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 3,846 ​ ​ ​ ​ ​ — ​ ​
iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 27,375 ​ ​ ​ ​ ​ — ​ ​
SPDR Blackstone Senior Loan ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 30,385 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg Convertible Securities ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 28,444 ​ ​ ​ ​ ​ — ​ ​
SPDR Bloomberg High Yield Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 3.08%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (47,186) ​ ​ ​ ​ ​ — ​ ​
See notes to financial statements.
33​
TABLE OF CONTENTS
Schedule of Investments — IQ Hedge Event-Driven Tracker ETF (continued)
​
October 31, 2022 (unaudited)
Total Return Swap contracts outstanding at October 31, 2022: (continued)
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(e)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(f)
​
SPDR S&P 600 Small Cap Growth
ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ $ 898 ​ ​ ​ ​ $ — ​ ​
Vanguard Short-Term Corporate Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 53,865 ​ ​ ​ ​ ​ — ​ ​
Vanguard Small-Cap Growth ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF + 0.50%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ 5,013 ​ ​ ​ ​ ​ — ​ ​
Xtrackers USD High Yield Corporate
Bond ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF - 1.18%
​ ​ ​ ​ 12/06/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (30,499) ​ ​ ​ ​ ​ — ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ — ​ ​
​
At October 31, 2022 there was no collateral held or posted. The Fund either receives fees from, or pays to the counterparty, the total return of the benchmark and the agreed-upon financing rate.
​
(e)
Portfolio pays or receives the floating rate and receives or pays the total return of the reference rate entity.
​
(f)
Reflects the value at reset date of October 31, 2022.
​
Abbreviation
FEDEF — Federal Funds Effective Rate
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(g) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment Companies
​ ​ ​ $ 6,174,654 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 6,174,654 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 1,066,104 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,066,104 ​ ​
Total Investments in Securities
​ ​ ​ ​ 7,240,758 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 7,240,758 ​ ​
Other Financial Instruments:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total Investments in Securities and Other Financial Instruments
​ ​ ​ $ 7,240,758 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 7,240,758 ​ ​
Liability Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Other Financial Instruments:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
(g)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
(h)
Reflects the unrealized appreciation (depreciation) of the instruments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
A summary of the Fund’s transactions with any affiliated fund during the period ended October 31, 2022 is as follows:
Affiliated Holdings
​ ​ ​
Shares at
04/30/2022
​ ​
Value
($) at
04/30/2022
​ ​
Purchases
Cost
($)
​ ​
Sales
Proceeds
($)
​ ​
Net
Realized
Gain/(Loss)
($)
​ ​
Net
Change in
Unrealized
Appreciation/​
(Depreciation)
($)
​ ​
Income
Distributions
($)
​ ​
Capital
Gain
Distributions
($)
​ ​
Shares at
10/31/2022
​ ​
Value
($) at
10/31/2022
​
IQ Ultra
Short
Duration
ETF
​ ​ ​ ​ 104 ​ ​ ​ ​ ​ 4,990 ​ ​ ​ ​ ​ 1,324 ​ ​ ​ ​ ​ (4,930) ​ ​ ​ ​ ​ (119) ​ ​ ​ ​ ​ 57 ​ ​ ​ ​ ​ 36 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 1,322 ​ ​
For more information on the determination, please refer to Note 6.
See notes to financial statements.
34
TABLE OF CONTENTS​
Schedule of Investments — IQ Real Return ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
U.S. Treasury Inflation Indexed Bonds — 59.7% ​
U.S. Treasury Inflation Indexed Bond
0.125%, due 1/15/23(a)
​ ​ ​ $ 130,200 ​ ​ ​ ​ $ 166,711 ​ ​
0.125%, due 7/15/24(a)
​ ​ ​ ​ 189,700 ​ ​ ​ ​ ​ 230,697 ​ ​
0.125%, due 10/15/24(a)
​ ​ ​ ​ 182,000 ​ ​ ​ ​ ​ 203,928 ​ ​
0.125%, due 4/15/25
​ ​ ​ ​ 151,200 ​ ​ ​ ​ ​ 166,258 ​ ​
0.125%, due 10/15/25
​ ​ ​ ​ 183,000 ​ ​ ​ ​ ​ 199,753 ​ ​
0.125%, due 4/15/26
​ ​ ​ ​ 144,300 ​ ​ ​ ​ ​ 153,732 ​ ​
0.125%, due 7/15/26
​ ​ ​ ​ 162,000 ​ ​ ​ ​ ​ 189,190 ​ ​
0.125%, due 10/15/26(a)
​ ​ ​ ​ 206,700 ​ ​ ​ ​ ​ 210,824 ​ ​
0.125%, due 4/15/27(a)
​ ​ ​ ​ 220,900 ​ ​ ​ ​ ​ 216,084 ​ ​
0.125%, due 1/15/30
​ ​ ​ ​ 70,000 ​ ​ ​ ​ ​ 72,114 ​ ​
0.125%, due 7/15/30
​ ​ ​ ​ 77,200 ​ ​ ​ ​ ​ 79,571 ​ ​
0.125%, due 1/15/31
​ ​ ​ ​ 81,500 ​ ​ ​ ​ ​ 82,105 ​ ​
0.125%, due 7/15/31
​ ​ ​ ​ 85,000 ​ ​ ​ ​ ​ 82,768 ​ ​
0.125%, due 1/15/32
​ ​ ​ ​ 101,600 ​ ​ ​ ​ ​ 94,784 ​ ​
0.125%, due 2/15/51
​ ​ ​ ​ 30,300 ​ ​ ​ ​ ​ 22,033 ​ ​
0.125%, due 2/15/52
​ ​ ​ ​ 37,600 ​ ​ ​ ​ ​ 25,627 ​ ​
0.250%, due 1/15/25(a)
​ ​ ​ ​ 174,100 ​ ​ ​ ​ ​ 210,331 ​ ​
0.250%, due 7/15/29
​ ​ ​ ​ 62,100 ​ ​ ​ ​ ​ 65,592 ​ ​
0.250%, due 2/15/50
​ ​ ​ ​ 29,800 ​ ​ ​ ​ ​ 22,811 ​ ​
0.375%, due 7/15/23
​ ​ ​ ​ 130,200 ​ ​ ​ ​ ​ 164,357 ​ ​
0.375%, due 7/15/25
​ ​ ​ ​ 191,700 ​ ​ ​ ​ ​ 231,361 ​ ​
0.375%, due 1/15/27
​ ​ ​ ​ 159,300 ​ ​ ​ ​ ​ 184,580 ​ ​
0.375%, due 7/15/27
​ ​ ​ ​ 169,900 ​ ​ ​ ​ ​ 194,212 ​ ​
0.500%, due 4/15/24
​ ​ ​ ​ 125,400 ​ ​ ​ ​ ​ 144,177 ​ ​
0.500%, due 1/15/28
​ ​ ​ ​ 68,000 ​ ​ ​ ​ ​ 76,809 ​ ​
0.625%, due 4/15/23
​ ​ ​ ​ 125,600 ​ ​ ​ ​ ​ 148,824 ​ ​
0.625%, due 1/15/24
​ ​ ​ ​ 206,900 ​ ​ ​ ​ ​ 258,314 ​ ​
0.625%, due 1/15/26
​ ​ ​ ​ 161,700 ​ ​ ​ ​ ​ 194,353 ​ ​
0.625%, due 7/15/32
​ ​ ​ ​ 71,700 ​ ​ ​ ​ ​ 66,930 ​ ​
0.625%, due 2/15/43
​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ 27,412 ​ ​
0.750%, due 7/15/28
​ ​ ​ ​ 56,600 ​ ​ ​ ​ ​ 63,546 ​ ​
0.750%, due 2/15/42
​ ​ ​ ​ 33,900 ​ ​ ​ ​ ​ 36,480 ​ ​
0.750%, due 2/15/45
​ ​ ​ ​ 41,700 ​ ​ ​ ​ ​ 41,660 ​ ​
0.875%, due 1/15/29
​ ​ ​ ​ 52,300 ​ ​ ​ ​ ​ 58,406 ​ ​
0.875%, due 2/15/47
​ ​ ​ ​ 27,100 ​ ​ ​ ​ ​ 26,689 ​ ​
1.000%, due 2/15/46(a)
​ ​ ​ ​ 21,900 ​ ​ ​ ​ ​ 22,818 ​ ​
1.000%, due 2/15/48
​ ​ ​ ​ 20,300 ​ ​ ​ ​ ​ 20,028 ​ ​
1.000%, due 2/15/49
​ ​ ​ ​ 19,200 ​ ​ ​ ​ ​ 18,597 ​ ​
1.375%, due 2/15/44
​ ​ ​ ​ 37,600 ​ ​ ​ ​ ​ 43,506 ​ ​
1.625%, due 10/15/27
​ ​ ​ ​ 121,900 ​ ​ ​ ​ ​ 122,039 ​ ​
1.750%, due 1/15/28
​ ​ ​ ​ 24,200 ​ ​ ​ ​ ​ 34,288 ​ ​
2.000%, due 1/15/26
​ ​ ​ ​ 64,600 ​ ​ ​ ​ ​ 96,940 ​ ​
2.125%, due 2/15/40
​ ​ ​ ​ 14,000 ​ ​ ​ ​ ​ 20,055 ​ ​
2.125%, due 2/15/41
​ ​ ​ ​ 20,500 ​ ​ ​ ​ ​ 28,921 ​ ​
2.375%, due 1/15/25
​ ​ ​ ​ 95,100 ​ ​ ​ ​ ​ 151,078 ​ ​
2.375%, due 1/15/27
​ ​ ​ ​ 63,400 ​ ​ ​ ​ ​ 95,429 ​ ​
2.500%, due 1/15/29
​ ​ ​ ​ 22,700 ​ ​ ​ ​ ​ 32,745 ​ ​
3.375%, due 4/15/32
​ ​ ​ ​ 8,700 ​ ​ ​ ​ ​ 16,627 ​ ​
​ ​ ​
Principal
Amount
​ ​
Value
​
U.S. Treasury Inflation Indexed Bonds (continued) ​
3.625%, due 4/15/28
​ ​ ​ $ 18,900 ​ ​ ​ ​ $ 37,905 ​ ​
3.875%, due 4/15/29
​ ​ ​ ​ 22,300 ​ ​ ​ ​ ​ 45,265 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,199,264 ​ ​
Total U.S. Treasury Inflation Indexed Bonds
 ​ ​ ​
(Cost $5,880,484)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,199,264 ​ ​
​ ​ ​
Shares
​ ​ ​ ​ ​ ​ ​
Common Stocks — 30.3% ​
Communication Services — 1.7% ​
Activision Blizzard, Inc.
​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 3,276 ​ ​
Alphabet, Inc., Class A*
​ ​ ​ ​ 370 ​ ​ ​ ​ ​ 34,969 ​ ​
Alphabet, Inc., Class C*
​ ​ ​ ​ 325 ​ ​ ​ ​ ​ 30,765 ​ ​
AT&T, Inc.
​ ​ ​ ​ 442 ​ ​ ​ ​ ​ 8,058 ​ ​
Charter Communications, Inc.,
Class A*
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 1,838 ​ ​
Comcast Corp., Class A
​ ​ ​ ​ 276 ​ ​ ​ ​ ​ 8,760 ​ ​
Electronic Arts, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 2,141 ​ ​
Fox Corp., Class A
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 491 ​ ​
Fox Corp., Class B
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 272 ​ ​
Liberty Broadband Corp., Class A*(a)
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 171 ​ ​
Liberty Broadband Corp., Class C*
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 760 ​ ​
Liberty Media Corp.-Liberty SiriusXM*
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 506 ​ ​
Liberty Media Corp.-Liberty SiriusXM, Class A*(a)
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 85 ​ ​
Live Nation Entertainment, Inc.*
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 796 ​ ​
Lumen Technologies, Inc.
​ ​ ​ ​ 61 ​ ​ ​ ​ ​ 449 ​ ​
Match Group, Inc.*
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 778 ​ ​
Meta Platforms, Inc., Class A*
​ ​ ​ ​ 141 ​ ​ ​ ​ ​ 13,136 ​ ​
Netflix, Inc.*
​ ​ ​ ​ 27 ​ ​ ​ ​ ​ 7,881 ​ ​
Omnicom Group, Inc.
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 800 ​ ​
Paramount Global, Class A
​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 21 ​ ​
Paramount Global, Class B(a)
​ ​ ​ ​ 35 ​ ​ ​ ​ ​ 641 ​ ​
Pinterest, Inc., Class A*
​ ​ ​ ​ 32 ​ ​ ​ ​ ​ 787 ​ ​
ROBLOX Corp., Class A*(a)
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 850 ​ ​
Roku, Inc.*
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 389 ​ ​
Sirius XM Holdings, Inc.(a)
​ ​ ​ ​ 49 ​ ​ ​ ​ ​ 296 ​ ​
Snap, Inc., Class A*
​ ​ ​ ​ 73 ​ ​ ​ ​ ​ 723 ​ ​
Spotify Technology SA*
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 564 ​ ​
Take-Two Interactive Software, Inc.*
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 1,303 ​ ​
T-Mobile US, Inc.*
​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 5,759 ​ ​
Verizon Communications, Inc.
​ ​ ​ ​ 242 ​ ​ ​ ​ ​ 9,044 ​ ​
Walt Disney Co. (The)*
​ ​ ​ ​ 113 ​ ​ ​ ​ ​ 12,039 ​ ​
Warner Bros Discovery, Inc.*
​ ​ ​ ​ 127 ​ ​ ​ ​ ​ 1,651 ​ ​
Warner Music Group Corp., Class A
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 130 ​ ​
ZoomInfo Technologies, Inc.*
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 712 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 150,841 ​ ​
​
​
See notes to financial statements.
35​
TABLE OF CONTENTS
Schedule of Investments — IQ Real Return ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Consumer Discretionary — 2.5% ​
Airbnb, Inc., Class A*
​ ​ ​ ​ 22 ​ ​ ​ ​ $ 2,352 ​ ​
Amazon.com, Inc.*
​ ​ ​ ​ 549 ​ ​ ​ ​ ​ 56,240 ​ ​
Aptiv PLC*
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 1,548 ​ ​
AutoZone, Inc.*
​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 2,533 ​ ​
Best Buy Co., Inc.
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 821 ​ ​
Booking Holdings, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 5,608 ​ ​
CarMax, Inc.*(a)
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 693 ​ ​
Carnival Corp.*(a)
​ ​ ​ ​ 48 ​ ​ ​ ​ ​ 435 ​ ​
Carvana Co.*(a)
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 54 ​ ​
Chewy, Inc., Class A*(a)
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 155 ​ ​
Chipotle Mexican Grill, Inc.*
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 2,997 ​ ​
Darden Restaurants, Inc.
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 1,145 ​ ​
Dollar General Corp.
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 3,571 ​ ​
Dollar Tree, Inc.*
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 1,744 ​ ​
Domino’s Pizza, Inc.
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 664 ​ ​
DoorDash, Inc., Class A*
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 740 ​ ​
DR Horton, Inc.
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 1,461 ​ ​
eBay, Inc.
​ ​ ​ ​ 36 ​ ​ ​ ​ ​ 1,434 ​ ​
Etsy, Inc.*(a)
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 845 ​ ​
Expedia Group, Inc.*
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 935 ​ ​
Ford Motor Co.
​ ​ ​ ​ 230 ​ ​ ​ ​ ​ 3,075 ​ ​
Garmin Ltd.
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 968 ​ ​
General Motors Co.
​ ​ ​ ​ 79 ​ ​ ​ ​ ​ 3,101 ​ ​
Genuine Parts Co.
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 1,601 ​ ​
Hasbro, Inc.
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 587 ​ ​
Hilton Worldwide Holdings, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 2,299 ​ ​
Home Depot, Inc. (The)
​ ​ ​ ​ 64 ​ ​ ​ ​ ​ 18,952 ​ ​
Las Vegas Sands Corp.*
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 836 ​ ​
Lennar Corp., Class A
​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 1,211 ​ ​
Lennar Corp., Class B
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 130 ​ ​
Lowe’s Cos., Inc.
​ ​ ​ ​ 39 ​ ​ ​ ​ ​ 7,603 ​ ​
Lucid Group, Inc.*(a)
​ ​ ​ ​ 35 ​ ​ ​ ​ ​ 500 ​ ​
Lululemon Athletica, Inc.*
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 2,303 ​ ​
Marriott International, Inc., Class A
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 2,882 ​ ​
McDonald’s Corp.
​ ​ ​ ​ 46 ​ ​ ​ ​ ​ 12,542 ​ ​
MGM Resorts International
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 783 ​ ​
NIKE, Inc., Class B
​ ​ ​ ​ 78 ​ ​ ​ ​ ​ 7,229 ​ ​
O’Reilly Automotive, Inc.*
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 3,349 ​ ​
Rivian Automotive, Inc., Class A*(a)
​ ​ ​ ​ 39 ​ ​ ​ ​ ​ 1,364 ​ ​
Ross Stores, Inc.
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 1,818 ​ ​
Starbucks Corp.
​ ​ ​ ​ 70 ​ ​ ​ ​ ​ 6,061 ​ ​
Target Corp.
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 4,763 ​ ​
Tesla, Inc.*
​ ​ ​ ​ 161 ​ ​ ​ ​ ​ 36,634 ​ ​
TJX Cos., Inc. (The)
​ ​ ​ ​ 67 ​ ​ ​ ​ ​ 4,831 ​ ​
Tractor Supply Co.
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 1,319 ​ ​
Ulta Beauty, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 1,258 ​ ​
VF Corp.
​ ​ ​ ​ 23 ​ ​ ​ ​ ​ 650 ​ ​
Wayfair, Inc., Class A*(a)
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 76 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Consumer Discretionary (continued) ​
Yum! Brands, Inc.
​ ​ ​ ​ 18 ​ ​ ​ ​ $ 2,129 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 216,829 ​ ​
Consumer Staples — 1.6% ​
Altria Group, Inc.
​ ​ ​ ​ 112 ​ ​ ​ ​ ​ 5,182 ​ ​
Archer-Daniels-Midland Co.
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 3,297 ​ ​
Brown-Forman Corp., Class B
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 1,292 ​ ​
Campbell Soup Co.
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 529 ​ ​
Church & Dwight Co., Inc.
​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 1,112 ​ ​
Clorox Co. (The)
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 1,168 ​ ​
Coca-Cola Co. (The)
​ ​ ​ ​ 240 ​ ​ ​ ​ ​ 14,364 ​ ​
Colgate-Palmolive Co.
​ ​ ​ ​ 53 ​ ​ ​ ​ ​ 3,914 ​ ​
Conagra Brands, Inc.
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 1,101 ​ ​
Constellation Brands, Inc., Class A
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 2,224 ​ ​
Costco Wholesale Corp.
​ ​ ​ ​ 27 ​ ​ ​ ​ ​ 13,541 ​ ​
Estee Lauder Cos., Inc. (The), Class A
​ ​ ​ ​ 13 ​ ​ ​ ​ ​ 2,607 ​ ​
General Mills, Inc.
​ ​ ​ ​ 36 ​ ​ ​ ​ ​ 2,937 ​ ​
Hershey Co. (The)
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 2,149 ​ ​
Hormel Foods Corp.
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 836 ​ ​
J M Smucker Co. (The)
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 753 ​ ​
Kellogg Co.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 1,306 ​ ​
Keurig Dr Pepper, Inc.
​ ​ ​ ​ 54 ​ ​ ​ ​ ​ 2,097 ​ ​
Kimberly-Clark Corp.
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 2,738 ​ ​
Kraft Heinz Co. (The)
​ ​ ​ ​ 50 ​ ​ ​ ​ ​ 1,924 ​ ​
Kroger Co. (The)
​ ​ ​ ​ 37 ​ ​ ​ ​ ​ 1,750 ​ ​
McCormick & Co., Inc.(a)
​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 1,180 ​ ​
Mondelez International, Inc., Class A
​ ​ ​ ​ 84 ​ ​ ​ ​ ​ 5,164 ​ ​
Monster Beverage Corp.*
​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 2,249 ​ ​
PepsiCo, Inc.
​ ​ ​ ​ 85 ​ ​ ​ ​ ​ 15,434 ​ ​
Philip Morris International, Inc.
​ ​ ​ ​ 96 ​ ​ ​ ​ ​ 8,818 ​ ​
Procter & Gamble Co. (The)
​ ​ ​ ​ 148 ​ ​ ​ ​ ​ 19,931 ​ ​
Sysco Corp.
​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 2,683 ​ ​
Tyson Foods, Inc., Class A
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 1,230 ​ ​
Walgreens Boots Alliance, Inc.
​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 1,533 ​ ​
Walmart, Inc.
​ ​ ​ ​ 88 ​ ​ ​ ​ ​ 12,525 ​ ​
Total Consumer Staples
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 137,568 ​ ​
Energy — 2.5% ​
Baker Hughes Co.
​ ​ ​ ​ 129 ​ ​ ​ ​ ​ 3,568 ​ ​
Cheniere Energy, Inc.
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 4,940 ​ ​
Chevron Corp.
​ ​ ​ ​ 223 ​ ​ ​ ​ ​ 40,341 ​ ​
ConocoPhillips
​ ​ ​ ​ 160 ​ ​ ​ ​ ​ 20,174 ​ ​
Continental Resources, Inc.
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 518 ​ ​
Coterra Energy, Inc.
​ ​ ​ ​ 96 ​ ​ ​ ​ ​ 2,989 ​ ​
Devon Energy Corp.
​ ​ ​ ​ 81 ​ ​ ​ ​ ​ 6,265 ​ ​
Diamondback Energy, Inc.
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 3,456 ​ ​
EOG Resources, Inc.
​ ​ ​ ​ 73 ​ ​ ​ ​ ​ 9,966 ​ ​
EQT Corp.
​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 1,715 ​ ​
​
See notes to financial statements.
36
TABLE OF CONTENTS
Schedule of Investments — IQ Real Return ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Energy (continued) ​
Exxon Mobil Corp.
​ ​ ​ ​ 520 ​ ​ ​ ​ $ 57,621 ​ ​
Halliburton Co.
​ ​ ​ ​ 103 ​ ​ ​ ​ ​ 3,751 ​ ​
Hess Corp.
​ ​ ​ ​ 35 ​ ​ ​ ​ ​ 4,938 ​ ​
Kinder Morgan, Inc.
​ ​ ​ ​ 251 ​ ​ ​ ​ ​ 4,548 ​ ​
Marathon Oil Corp.
​ ​ ​ ​ 88 ​ ​ ​ ​ ​ 2,680 ​ ​
Marathon Petroleum Corp.
​ ​ ​ ​ 67 ​ ​ ​ ​ ​ 7,613 ​ ​
Occidental Petroleum Corp.
​ ​ ​ ​ 89 ​ ​ ​ ​ ​ 6,461 ​ ​
ONEOK, Inc.
​ ​ ​ ​ 55 ​ ​ ​ ​ ​ 3,263 ​ ​
Phillips 66
​ ​ ​ ​ 60 ​ ​ ​ ​ ​ 6,257 ​ ​
Pioneer Natural Resources Co.
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 7,179 ​ ​
Schlumberger NV
​ ​ ​ ​ 175 ​ ​ ​ ​ ​ 9,105 ​ ​
Valero Energy Corp.
​ ​ ​ ​ 51 ​ ​ ​ ​ ​ 6,403 ​ ​
Williams Cos., Inc. (The)
​ ​ ​ ​ 150 ​ ​ ​ ​ ​ 4,910 ​ ​
Total Energy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 218,661 ​ ​
Financials — 5.0% ​
Aflac, Inc.
​ ​ ​ ​ 74 ​ ​ ​ ​ ​ 4,818 ​ ​
Allstate Corp. (The)
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 4,292 ​ ​
American Express Co.
​ ​ ​ ​ 68 ​ ​ ​ ​ ​ 10,095 ​ ​
American International Group, Inc.
​ ​ ​ ​ 98 ​ ​ ​ ​ ​ 5,586 ​ ​
Ameriprise Financial, Inc.
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 4,328 ​ ​
Aon PLC, Class A
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 7,037 ​ ​
Apollo Global Management, Inc.
​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 2,270 ​ ​
Arch Capital Group Ltd.*
​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 2,588 ​ ​
Ares Management Corp., Class A
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 1,441 ​ ​
Arthur J Gallagher & Co.
​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 4,864 ​ ​
Bank of America Corp.
​ ​ ​ ​ 869 ​ ​ ​ ​ ​ 31,319 ​ ​
Bank of New York Mellon Corp. (The)
​ ​ ​ ​ 91 ​ ​ ​ ​ ​ 3,832 ​ ​
Berkshire Hathaway, Inc., Class B*
​ ​ ​ ​ 155 ​ ​ ​ ​ ​ 45,739 ​ ​
BlackRock, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 10,980 ​ ​
Blackstone, Inc.
​ ​ ​ ​ 87 ​ ​ ​ ​ ​ 7,929 ​ ​
Brown & Brown, Inc.
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 1,764 ​ ​
Capital One Financial Corp.
​ ​ ​ ​ 46 ​ ​ ​ ​ ​ 4,877 ​ ​
Charles Schwab Corp. (The)
​ ​ ​ ​ 188 ​ ​ ​ ​ ​ 14,978 ​ ​
Chubb Ltd.
​ ​ ​ ​ 49 ​ ​ ​ ​ ​ 10,530 ​ ​
Cincinnati Financial Corp.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 2,066 ​ ​
Citigroup, Inc.
​ ​ ​ ​ 232 ​ ​ ​ ​ ​ 10,640 ​ ​
Citizens Financial Group, Inc.
​ ​ ​ ​ 64 ​ ​ ​ ​ ​ 2,618 ​ ​
CME Group, Inc.
​ ​ ​ ​ 44 ​ ​ ​ ​ ​ 7,625 ​ ​
Coinbase Global, Inc., Class A*(a)
​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 994 ​ ​
Discover Financial Services
​ ​ ​ ​ 33 ​ ​ ​ ​ ​ 3,447 ​ ​
Fifth Third Bancorp
​ ​ ​ ​ 83 ​ ​ ​ ​ ​ 2,962 ​ ​
First Republic Bank
​ ​ ​ ​ 21 ​ ​ ​ ​ ​ 2,522 ​ ​
Franklin Resources, Inc.
​ ​ ​ ​ 37 ​ ​ ​ ​ ​ 868 ​ ​
Goldman Sachs Group, Inc. (The)
​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 14,469 ​ ​
Hartford Financial Services Group, Inc. (The)
​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 3,041 ​ ​
Huntington Bancshares, Inc.
​ ​ ​ ​ 167 ​ ​ ​ ​ ​ 2,535 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Financials (continued) ​
Interactive Brokers Group, Inc.,
Class A
​ ​ ​ ​ 11 ​ ​ ​ ​ $ 882 ​ ​
Intercontinental Exchange, Inc.
​ ​ ​ ​ 69 ​ ​ ​ ​ ​ 6,594 ​ ​
JPMorgan Chase & Co.
​ ​ ​ ​ 360 ​ ​ ​ ​ ​ 45,317 ​ ​
KeyCorp
​ ​ ​ ​ 105 ​ ​ ​ ​ ​ 1,876 ​ ​
KKR & Co., Inc.
​ ​ ​ ​ 89 ​ ​ ​ ​ ​ 4,328 ​ ​
Loews Corp.
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 1,426 ​ ​
LPL Financial Holdings, Inc.
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 2,557 ​ ​
M&T Bank Corp.
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 3,704 ​ ​
Markel Corp.*
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 2,412 ​ ​
Marsh & McLennan Cos., Inc.
​ ​ ​ ​ 62 ​ ​ ​ ​ ​ 10,012 ​ ​
MetLife, Inc.
​ ​ ​ ​ 77 ​ ​ ​ ​ ​ 5,637 ​ ​
Moody’s Corp.
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 2,649 ​ ​
Morgan Stanley
​ ​ ​ ​ 168 ​ ​ ​ ​ ​ 13,805 ​ ​
MSCI, Inc.
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 2,344 ​ ​
Nasdaq, Inc.
​ ​ ​ ​ 39 ​ ​ ​ ​ ​ 2,427 ​ ​
Northern Trust Corp.
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 2,109 ​ ​
PNC Financial Services Group, Inc.
(The)
​ ​ ​ ​ 51 ​ ​ ​ ​ ​ 8,253 ​ ​
Principal Financial Group, Inc.
​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 2,732 ​ ​
Progressive Corp. (The)
​ ​ ​ ​ 73 ​ ​ ​ ​ ​ 9,373 ​ ​
Prudential Financial, Inc.
​ ​ ​ ​ 46 ​ ​ ​ ​ ​ 4,839 ​ ​
Raymond James Financial, Inc.
​ ​ ​ ​ 23 ​ ​ ​ ​ ​ 2,717 ​ ​
Regions Financial Corp.
​ ​ ​ ​ 111 ​ ​ ​ ​ ​ 2,436 ​ ​
Rocket Cos., Inc., Class A(a)
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 131 ​ ​
S&P Global, Inc.
​ ​ ​ ​ 21 ​ ​ ​ ​ ​ 6,746 ​ ​
State Street Corp.
​ ​ ​ ​ 44 ​ ​ ​ ​ ​ 3,256 ​ ​
SVB Financial Group*
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 1,617 ​ ​
Synchrony Financial
​ ​ ​ ​ 59 ​ ​ ​ ​ ​ 2,098 ​ ​
T Rowe Price Group, Inc.(a)
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 3,079 ​ ​
Tradeweb Markets, Inc., Class A
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 606 ​ ​
Travelers Cos., Inc. (The)
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 5,349 ​ ​
Truist Financial Corp.
​ ​ ​ ​ 165 ​ ​ ​ ​ ​ 7,390 ​ ​
US Bancorp
​ ​ ​ ​ 164 ​ ​ ​ ​ ​ 6,962 ​ ​
W R Berkley Corp.
​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 1,785 ​ ​
Wells Fargo & Co.
​ ​ ​ ​ 469 ​ ​ ​ ​ ​ 21,569 ​ ​
Willis Towers Watson PLC
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 3,055 ​ ​
Total Financials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 435,126 ​ ​
Health Care — 3.6% ​
Abbott Laboratories
​ ​ ​ ​ 108 ​ ​ ​ ​ ​ 10,686 ​ ​
AbbVie, Inc.
​ ​ ​ ​ 109 ​ ​ ​ ​ ​ 15,958 ​ ​
Agilent Technologies, Inc.
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 2,629 ​ ​
Align Technology, Inc.*
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 777 ​ ​
Alnylam Pharmaceuticals, Inc.*
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 1,451 ​ ​
AmerisourceBergen Corp.
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 1,572 ​ ​
Amgen, Inc.
​ ​ ​ ​ 33 ​ ​ ​ ​ ​ 8,922 ​ ​
Avantor, Inc.*
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 605 ​ ​
​
See notes to financial statements.
37​
TABLE OF CONTENTS
Schedule of Investments — IQ Real Return ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Health Care (continued) ​
Baxter International, Inc.
​ ​ ​ ​ 32 ​ ​ ​ ​ $ 1,739 ​ ​
Becton Dickinson and Co.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 4,011 ​ ​
Biogen, Inc.*
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 2,551 ​ ​
BioMarin Pharmaceutical, Inc.*
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 953 ​ ​
Bio-Rad Laboratories, Inc., Class A*
​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 352 ​ ​
Boston Scientific Corp.*
​ ​ ​ ​ 88 ​ ​ ​ ​ ​ 3,794 ​ ​
Bristol-Myers Squibb Co.
​ ​ ​ ​ 132 ​ ​ ​ ​ ​ 10,226 ​ ​
Cardinal Health, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 1,290 ​ ​
Catalent, Inc.*
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 657 ​ ​
Centene Corp.*
​ ​ ​ ​ 35 ​ ​ ​ ​ ​ 2,980 ​ ​
Cigna Corp.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 6,461 ​ ​
Cooper Cos., Inc. (The)
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 820 ​ ​
CVS Health Corp.
​ ​ ​ ​ 81 ​ ​ ​ ​ ​ 7,671 ​ ​
Danaher Corp.
​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 10,318 ​ ​
Dexcom, Inc.*
​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 2,899 ​ ​
Edwards Lifesciences Corp.*
​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 2,752 ​ ​
Elevance Health, Inc.
​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 8,202 ​ ​
Eli Lilly & Co.
​ ​ ​ ​ 52 ​ ​ ​ ​ ​ 18,829 ​ ​
Gilead Sciences, Inc.
​ ​ ​ ​ 77 ​ ​ ​ ​ ​ 6,041 ​ ​
HCA Healthcare, Inc.
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 3,045 ​ ​
Hologic, Inc.*
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 1,153 ​ ​
Horizon Therapeutics PLC*
​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 935 ​ ​
Humana, Inc.
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 4,465 ​ ​
ICON PLC*
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 989 ​ ​
IDEXX Laboratories, Inc.*
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 1,798 ​ ​
Illumina, Inc.*
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 2,288 ​ ​
Incyte Corp.*
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 669 ​ ​
Insulet Corp.*
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 1,035 ​ ​
Intuitive Surgical, Inc.*
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 5,422 ​ ​
IQVIA Holdings, Inc.*
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 2,306 ​ ​
Johnson & Johnson
​ ​ ​ ​ 163 ​ ​ ​ ​ ​ 28,357 ​ ​
Laboratory Corp. of America Holdings
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 1,331 ​ ​
McKesson Corp.
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 3,504 ​ ​
Medtronic PLC
​ ​ ​ ​ 82 ​ ​ ​ ​ ​ 7,162 ​ ​
Merck & Co., Inc.
​ ​ ​ ​ 156 ​ ​ ​ ​ ​ 15,787 ​ ​
Mettler-Toledo International, Inc.*
​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1,265 ​ ​
Moderna, Inc.*
​ ​ ​ ​ 21 ​ ​ ​ ​ ​ 3,157 ​ ​
Molina Healthcare, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 1,077 ​ ​
PerkinElmer, Inc.
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 1,202 ​ ​
Pfizer, Inc.
​ ​ ​ ​ 347 ​ ​ ​ ​ ​ 16,153 ​ ​
Quest Diagnostics, Inc.
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 1,006 ​ ​
Regeneron Pharmaceuticals, Inc.*
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 4,493 ​ ​
ResMed, Inc.
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 2,013 ​ ​
Royalty Pharma PLC, Class A
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 804 ​ ​
Seagen, Inc.*
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 1,017 ​ ​
STERIS PLC
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 1,035 ​ ​
Stryker Corp.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 4,585 ​ ​
Teleflex, Inc.
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 644 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Health Care (continued) ​
Thermo Fisher Scientific, Inc.
​ ​ ​ ​ 24 ​ ​ ​ ​ $ 12,335 ​ ​
UnitedHealth Group, Inc.
​ ​ ​ ​ 58 ​ ​ ​ ​ ​ 32,199 ​ ​
Veeva Systems, Inc., Class A*
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 1,511 ​ ​
Vertex Pharmaceuticals, Inc.*
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 4,992 ​ ​
Waters Corp.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 898 ​ ​
West Pharmaceutical Services, Inc.
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 920 ​ ​
Zimmer Biomet Holdings, Inc.
​ ​ ​ ​ 13 ​ ​ ​ ​ ​ 1,474 ​ ​
Zimvie, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 26 ​ ​
Zoetis, Inc.
​ ​ ​ ​ 27 ​ ​ ​ ​ ​ 4,071 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 312,269 ​ ​
Industrials — 3.6% ​
3M Co.
​ ​ ​ ​ 71 ​ ​ ​ ​ ​ 8,931 ​ ​
AMETEK, Inc.
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 3,631 ​ ​
Boeing Co. (The)*
​ ​ ​ ​ 73 ​ ​ ​ ​ ​ 10,403 ​ ​
Carrier Global Corp.
​ ​ ​ ​ 105 ​ ​ ​ ​ ​ 4,175 ​ ​
Caterpillar, Inc.
​ ​ ​ ​ 66 ​ ​ ​ ​ ​ 14,286 ​ ​
Cintas Corp.
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 4,276 ​ ​
Copart, Inc.*
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 1,610 ​ ​
CoStar Group, Inc.*
​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 1,985 ​ ​
CSX Corp.
​ ​ ​ ​ 263 ​ ​ ​ ​ ​ 7,643 ​ ​
Cummins, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 4,157 ​ ​
Deere & Co.
​ ​ ​ ​ 35 ​ ​ ​ ​ ​ 13,854 ​ ​
Delta Air Lines, Inc.*
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 577 ​ ​
Dover Corp.
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 2,352 ​ ​
Eaton Corp. PLC
​ ​ ​ ​ 49 ​ ​ ​ ​ ​ 7,353 ​ ​
Emerson Electric Co.
​ ​ ​ ​ 74 ​ ​ ​ ​ ​ 6,408 ​ ​
Equifax, Inc.
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 1,187 ​ ​
Expeditors International of Washington, Inc.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 1,957 ​ ​
Fastenal Co.
​ ​ ​ ​ 70 ​ ​ ​ ​ ​ 3,383 ​ ​
FedEx Corp.
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 4,808 ​ ​
Ferguson PLC
​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 2,841 ​ ​
Fortive Corp.
​ ​ ​ ​ 46 ​ ​ ​ ​ ​ 2,939 ​ ​
Generac Holdings, Inc.*
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 927 ​ ​
General Dynamics Corp.
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 7,494 ​ ​
General Electric Co.
​ ​ ​ ​ 134 ​ ​ ​ ​ ​ 10,427 ​ ​
Grab Holdings Ltd., Class A*
​ ​ ​ ​ 155 ​ ​ ​ ​ ​ 403 ​ ​
HEICO Corp.
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 813 ​ ​
HEICO Corp., Class A
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 1,273 ​ ​
Honeywell International, Inc.
​ ​ ​ ​ 84 ​ ​ ​ ​ ​ 17,138 ​ ​
IDEX Corp.
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 2,001 ​ ​
Illinois Tool Works, Inc.
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 7,260 ​ ​
Ingersoll Rand, Inc.
​ ​ ​ ​ 46 ​ ​ ​ ​ ​ 2,323 ​ ​
Jacobs Solutions, Inc.
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 1,844 ​ ​
JB Hunt Transport Services, Inc.
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 1,711 ​ ​
Johnson Controls International PLC
​ ​ ​ ​ 86 ​ ​ ​ ​ ​ 4,974 ​ ​
L3Harris Technologies, Inc.
​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 5,915 ​ ​
​
See notes to financial statements.
38
TABLE OF CONTENTS
Schedule of Investments — IQ Real Return ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Industrials (continued) ​
Leidos Holdings, Inc.
​ ​ ​ ​ 8 ​ ​ ​ ​ $ 813 ​ ​
Lockheed Martin Corp.
​ ​ ​ ​ 33 ​ ​ ​ ​ ​ 16,060 ​ ​
Masco Corp.
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 740 ​ ​
Norfolk Southern Corp.
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 6,614 ​ ​
Northrop Grumman Corp.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 9,333 ​ ​
Old Dominion Freight Line, Inc.
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 3,295 ​ ​
Otis Worldwide Corp.
​ ​ ​ ​ 52 ​ ​ ​ ​ ​ 3,673 ​ ​
PACCAR, Inc.
​ ​ ​ ​ 39 ​ ​ ​ ​ ​ 3,776 ​ ​
Parker-Hannifin Corp.
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 4,650 ​ ​
Quanta Services, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 2,415 ​ ​
Raytheon Technologies Corp.
​ ​ ​ ​ 183 ​ ​ ​ ​ ​ 17,352 ​ ​
Republic Services, Inc.
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 3,316 ​ ​
Rockwell Automation, Inc.
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 3,574 ​ ​
Rollins, Inc.
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 1,178 ​ ​
Southwest Airlines Co.*
​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 545 ​ ​
Stanley Black & Decker, Inc.
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 1,413 ​ ​
Trane Technologies PLC
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 4,629 ​ ​
TransDigm Group, Inc.
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 3,455 ​ ​
TransUnion
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 593 ​ ​
Uber Technologies, Inc.*
​ ​ ​ ​ 115 ​ ​ ​ ​ ​ 3,056 ​ ​
Union Pacific Corp.
​ ​ ​ ​ 77 ​ ​ ​ ​ ​ 15,180 ​ ​
United Airlines Holdings, Inc.*
​ ​ ​ ​ 13 ​ ​ ​ ​ ​ 560 ​ ​
United Parcel Service, Inc., Class B
​ ​ ​ ​ 91 ​ ​ ​ ​ ​ 15,267 ​ ​
United Rentals, Inc.*
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 2,841 ​ ​
Verisk Analytics, Inc.
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 1,828 ​ ​
Waste Management, Inc.
​ ​ ​ ​ 51 ​ ​ ​ ​ ​ 8,077 ​ ​
Westinghouse Air Brake Technologies Corp.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 1,866 ​ ​
WW Grainger, Inc.
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 3,506 ​ ​
Xylem, Inc.
​ ​ ​ ​ 21 ​ ​ ​ ​ ​ 2,151 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 315,015 ​ ​
Information Technology — 6.4% ​
Accenture PLC, Class A
​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 11,640 ​ ​
Adobe, Inc.*
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 9,236 ​ ​
Advanced Micro Devices, Inc.*
​ ​ ​ ​ 101 ​ ​ ​ ​ ​ 6,066 ​ ​
Akamai Technologies, Inc.*
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 972 ​ ​
Amphenol Corp., Class A
​ ​ ​ ​ 73 ​ ​ ​ ​ ​ 5,536 ​ ​
Analog Devices, Inc.
​ ​ ​ ​ 32 ​ ​ ​ ​ ​ 4,564 ​ ​
ANSYS, Inc.*
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 1,106 ​ ​
Apple, Inc.
​ ​ ​ ​ 946 ​ ​ ​ ​ ​ 145,060 ​ ​
Applied Materials, Inc.
​ ​ ​ ​ 54 ​ ​ ​ ​ ​ 4,768 ​ ​
AppLovin Corp., Class A*
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 204 ​ ​
Arista Networks, Inc.*
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 1,692 ​ ​
Atlassian Corp., Class A*
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 1,825 ​ ​
Autodesk, Inc.*
​ ​ ​ ​ 13 ​ ​ ​ ​ ​ 2,786 ​ ​
Automatic Data Processing, Inc.
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 6,042 ​ ​
Block, Inc.*
​ ​ ​ ​ 33 ​ ​ ​ ​ ​ 1,982 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Information Technology (continued) ​
Broadcom, Inc.
​ ​ ​ ​ 24 ​ ​ ​ ​ $ 11,283 ​ ​
Broadridge Financial Solutions, Inc.(a)
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 1,050 ​ ​
Cadence Design Systems, Inc.*
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 2,574 ​ ​
CDW Corp.
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 1,382 ​ ​
Cisco Systems, Inc.
​ ​ ​ ​ 235 ​ ​ ​ ​ ​ 10,676 ​ ​
Cloudflare, Inc., Class A*
​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 845 ​ ​
Cognizant Technology Solutions Corp., Class A
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 2,116 ​ ​
Corning, Inc.
​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 1,351 ​ ​
Crowdstrike Holdings, Inc., Class A*
​ ​ ​ ​ 13 ​ ​ ​ ​ ​ 2,096 ​ ​
Datadog, Inc., Class A*
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 1,369 ​ ​
Dell Technologies, Inc., Class C
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 614 ​ ​
DocuSign, Inc.*
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 483 ​ ​
Enphase Energy, Inc.*
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 4,912 ​ ​
EPAM Systems, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 1,050 ​ ​
Fidelity National Information Services, Inc.
​ ​ ​ ​ 37 ​ ​ ​ ​ ​ 3,071 ​ ​
Fiserv, Inc.*
​ ​ ​ ​ 36 ​ ​ ​ ​ ​ 3,699 ​ ​
FleetCor Technologies, Inc.*
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 744 ​ ​
Fortinet, Inc.*
​ ​ ​ ​ 44 ​ ​ ​ ​ ​ 2,515 ​ ​
Gartner, Inc.*
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 1,208 ​ ​
Global Payments, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 1,942 ​ ​
GLOBALFOUNDRIES, Inc.*(a)
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 227 ​ ​
Hewlett Packard Enterprise Co.
​ ​ ​ ​ 81 ​ ​ ​ ​ ​ 1,156 ​ ​
HP, Inc.
​ ​ ​ ​ 56 ​ ​ ​ ​ ​ 1,547 ​ ​
HubSpot, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 890 ​ ​
Intel Corp.
​ ​ ​ ​ 257 ​ ​ ​ ​ ​ 7,306 ​ ​
International Business Machines Corp.
​ ​ ​ ​ 56 ​ ​ ​ ​ ​ 7,744 ​ ​
Intuit, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 7,267 ​ ​
Keysight Technologies, Inc.*
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 3,831 ​ ​
KLA Corp.
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 2,848 ​ ​
Lam Research Corp.
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 3,238 ​ ​
Marvell Technology, Inc.
​ ​ ​ ​ 53 ​ ​ ​ ​ ​ 2,103 ​ ​
Mastercard, Inc., Class A
​ ​ ​ ​ 53 ​ ​ ​ ​ ​ 17,394 ​ ​
Microchip Technology, Inc.
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 2,099 ​ ​
Micron Technology, Inc.
​ ​ ​ ​ 69 ​ ​ ​ ​ ​ 3,733 ​ ​
Microsoft Corp.
​ ​ ​ ​ 462 ​ ​ ​ ​ ​ 107,244 ​ ​
MongoDB, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 549 ​ ​
Monolithic Power Systems, Inc.
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 1,018 ​ ​
Motorola Solutions, Inc.
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 2,497 ​ ​
NetApp, Inc.
​ ​ ​ ​ 13 ​ ​ ​ ​ ​ 900 ​ ​
NVIDIA Corp.
​ ​ ​ ​ 149 ​ ​ ​ ​ ​ 20,111 ​ ​
Okta, Inc.*
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 561 ​ ​
ON Semiconductor Corp.*
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 1,536 ​ ​
Oracle Corp.
​ ​ ​ ​ 93 ​ ​ ​ ​ ​ 7,260 ​ ​
Palantir Technologies, Inc., Class A*(a)
​ ​ ​ ​ 102 ​ ​ ​ ​ ​ 897 ​ ​
Palo Alto Networks, Inc.*
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 3,089 ​ ​
Paychex, Inc.
​ ​ ​ ​ 21 ​ ​ ​ ​ ​ 2,485 ​ ​
​
See notes to financial statements.
39​
TABLE OF CONTENTS
Schedule of Investments — IQ Real Return ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Information Technology (continued) ​
Paycom Software, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ $ 1,038 ​ ​
PayPal Holdings, Inc.*
​ ​ ​ ​ 72 ​ ​ ​ ​ ​ 6,018 ​ ​
Qorvo, Inc.*
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 516 ​ ​
QUALCOMM, Inc.
​ ​ ​ ​ 69 ​ ​ ​ ​ ​ 8,119 ​ ​
Qualtrics International, Inc., Class A*
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 24 ​ ​
RingCentral, Inc., Class A*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 107 ​ ​
Roper Technologies, Inc.
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 2,902 ​ ​
Salesforce, Inc.*
​ ​ ​ ​ 60 ​ ​ ​ ​ ​ 9,755 ​ ​
Seagate Technology Holdings PLC
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 497 ​ ​
ServiceNow, Inc.*
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 5,049 ​ ​
Skyworks Solutions, Inc.
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 946 ​ ​
Snowflake, Inc., Class A*
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 2,725 ​ ​
SolarEdge Technologies, Inc.*
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 1,610 ​ ​
Splunk, Inc.*
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 914 ​ ​
SS&C Technologies Holdings, Inc.
​ ​ ​ ​ 13 ​ ​ ​ ​ ​ 668 ​ ​
Synopsys, Inc.*
​ ​ ​ ​ 9 ​ ​ ​ ​ ​ 2,633 ​ ​
Teledyne Technologies, Inc.*
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 2,388 ​ ​
Teradyne, Inc.
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 895 ​ ​
Texas Instruments, Inc.
​ ​ ​ ​ 56 ​ ​ ​ ​ ​ 8,995 ​ ​
Trade Desk, Inc. (The), Class A*
​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 1,278 ​ ​
Trimble, Inc.*
​ ​ ​ ​ 32 ​ ​ ​ ​ ​ 1,925 ​ ​
Twilio, Inc., Class A*
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 744 ​ ​
Tyler Technologies, Inc.*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 970 ​ ​
Unity Software, Inc.*(a)
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 354 ​ ​
VeriSign, Inc.*
​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 1,203 ​ ​
Visa, Inc., Class A(a)
​ ​ ​ ​ 101 ​ ​ ​ ​ ​ 20,923 ​ ​
VMware, Inc., Class A
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 1,575 ​ ​
Western Digital Corp.*
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 584 ​ ​
Workday, Inc., Class A*
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 1,870 ​ ​
Zebra Technologies Corp., Class A*
​ ​ ​ ​ 3 ​ ​ ​ ​ ​ 850 ​ ​
Zoom Video Communications, Inc., Class A*
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 834 ​ ​
Zscaler, Inc.*(a)
​ ​ ​ ​ 5 ​ ​ ​ ​ ​ 770 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 557,668 ​ ​
Materials — 0.9% ​
Air Products and Chemicals, Inc.
​ ​ ​ ​ 27 ​ ​ ​ ​ ​ 6,761 ​ ​
Albemarle Corp.
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 3,918 ​ ​
Amcor PLC
​ ​ ​ ​ 179 ​ ​ ​ ​ ​ 2,073 ​ ​
Ball Corp.
​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 2,025 ​ ​
Celanese Corp.
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 1,153 ​ ​
CF Industries Holdings, Inc.
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 2,657 ​ ​
Corteva, Inc.
​ ​ ​ ​ 90 ​ ​ ​ ​ ​ 5,881 ​ ​
Dow, Inc.
​ ​ ​ ​ 88 ​ ​ ​ ​ ​ 4,113 ​ ​
DuPont de Nemours, Inc.
​ ​ ​ ​ 59 ​ ​ ​ ​ ​ 3,375 ​ ​
Ecolab, Inc.
​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 4,869 ​ ​
FMC Corp.
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 1,902 ​ ​
Freeport-McMoRan, Inc.
​ ​ ​ ​ 178 ​ ​ ​ ​ ​ 5,641 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Materials (continued) ​
International Flavors & Fragrances, Inc.
 ​ ​ ​ ​ 31 ​ ​ ​ ​ $ 3,026 ​ ​
International Paper Co.
​ ​ ​ ​ 49 ​ ​ ​ ​ ​ 1,647 ​ ​
LyondellBasell Industries NV, Class A
​ ​ ​ ​ 32 ​ ​ ​ ​ ​ 2,446 ​ ​
Martin Marietta Materials, Inc.
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 2,688 ​ ​
Mosaic Co. (The)
​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 2,419 ​ ​
Newmont Corp.
​ ​ ​ ​ 101 ​ ​ ​ ​ ​ 4,274 ​ ​
Nucor Corp.
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 4,467 ​ ​
PPG Industries, Inc.
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 3,311 ​ ​
Sherwin-Williams Co. (The)
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 6,526 ​ ​
Vulcan Materials Co.
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 2,619 ​ ​
Total Materials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 77,791 ​ ​
Real Estate — 1.2% ​
Alexandria Real Estate Equities, Inc.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 2,906 ​ ​
American Tower Corp.
​ ​ ​ ​ 57 ​ ​ ​ ​ ​ 11,810 ​ ​
AvalonBay Communities, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 2,977 ​ ​
Boston Properties, Inc.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 1,236 ​ ​
CBRE Group, Inc., Class A*
​ ​ ​ ​ 39 ​ ​ ​ ​ ​ 2,767 ​ ​
Crown Castle, Inc.
​ ​ ​ ​ 53 ​ ​ ​ ​ ​ 7,063 ​ ​
Digital Realty Trust, Inc.
​ ​ ​ ​ 35 ​ ​ ​ ​ ​ 3,509 ​ ​
Equinix, Inc.
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 6,231 ​ ​
Equity Residential
​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 2,836 ​ ​
Essex Property Trust, Inc.
​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 1,778 ​ ​
Extra Space Storage, Inc.
​ ​ ​ ​ 16 ​ ​ ​ ​ ​ 2,839 ​ ​
Healthpeak Properties, Inc.
​ ​ ​ ​ 64 ​ ​ ​ ​ ​ 1,519 ​ ​
Invitation Homes, Inc.
​ ​ ​ ​ 78 ​ ​ ​ ​ ​ 2,472 ​ ​
Mid-America Apartment Communities, Inc.
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 2,204 ​ ​
Prologis, Inc.
​ ​ ​ ​ 115 ​ ​ ​ ​ ​ 12,736 ​ ​
Public Storage
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 5,575 ​ ​
Realty Income Corp.
​ ​ ​ ​ 76 ​ ​ ​ ​ ​ 4,732 ​ ​
SBA Communications Corp.
​ ​ ​ ​ 13 ​ ​ ​ ​ ​ 3,509 ​ ​
Simon Property Group, Inc.
​ ​ ​ ​ 39 ​ ​ ​ ​ ​ 4,250 ​ ​
Sun Communities, Inc.
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 1,888 ​ ​
UDR, Inc.
​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 1,511 ​ ​
Ventas, Inc.
​ ​ ​ ​ 51 ​ ​ ​ ​ ​ 1,996 ​ ​
VICI Properties, Inc.
​ ​ ​ ​ 119 ​ ​ ​ ​ ​ 3,810 ​ ​
Welltower, Inc.
​ ​ ​ ​ 56 ​ ​ ​ ​ ​ 3,418 ​ ​
Weyerhaeuser Co.
​ ​ ​ ​ 95 ​ ​ ​ ​ ​ 2,938 ​ ​
WP Carey, Inc.
​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 1,831 ​ ​
Total Real Estate
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 100,341 ​ ​
Utilities — 1.3% ​
AES Corp. (The)
​ ​ ​ ​ 82 ​ ​ ​ ​ ​ 2,145 ​ ​
Alliant Energy Corp.
​ ​ ​ ​ 33 ​ ​ ​ ​ ​ 1,722 ​ ​
Ameren Corp.
​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 2,527 ​ ​
American Electric Power Co., Inc.
​ ​ ​ ​ 63 ​ ​ ​ ​ ​ 5,539 ​ ​
American Water Works Co., Inc.
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 3,197 ​ ​
​
See notes to financial statements.
40
TABLE OF CONTENTS
Schedule of Investments — IQ Real Return ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Utilities (continued) ​
Atmos Energy Corp.
​ ​ ​ ​ 18 ​ ​ ​ ​ $ 1,918 ​ ​
Avangrid, Inc.(a)
​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 407 ​ ​
CenterPoint Energy, Inc.
​ ​ ​ ​ 78 ​ ​ ​ ​ ​ 2,232 ​ ​
CMS Energy Corp.
​ ​ ​ ​ 32 ​ ​ ​ ​ ​ 1,826 ​ ​
Consolidated Edison, Inc.
​ ​ ​ ​ 44 ​ ​ ​ ​ ​ 3,870 ​ ​
Constellation Energy Corp.
​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 3,876 ​ ​
Dominion Energy, Inc.
​ ​ ​ ​ 101 ​ ​ ​ ​ ​ 7,067 ​ ​
DTE Energy Co.
​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 2,466 ​ ​
Duke Energy Corp.
​ ​ ​ ​ 95 ​ ​ ​ ​ ​ 8,852 ​ ​
Edison International
​ ​ ​ ​ 47 ​ ​ ​ ​ ​ 2,822 ​ ​
Entergy Corp.
​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 2,786 ​ ​
Evergy, Inc.
​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 1,589 ​ ​
Eversource Energy
​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 3,204 ​ ​
Exelon Corp.
​ ​ ​ ​ 122 ​ ​ ​ ​ ​ 4,708 ​ ​
FirstEnergy Corp.
​ ​ ​ ​ 66 ​ ​ ​ ​ ​ 2,489 ​ ​
NextEra Energy, Inc.
​ ​ ​ ​ 243 ​ ​ ​ ​ ​ 18,832 ​ ​
PG&E Corp.*(a)
​ ​ ​ ​ 199 ​ ​ ​ ​ ​ 2,971 ​ ​
PPL Corp.
​ ​ ​ ​ 90 ​ ​ ​ ​ ​ 2,384 ​ ​
Public Service Enterprise Group, Inc.
​ ​ ​ ​ 64 ​ ​ ​ ​ ​ 3,588 ​ ​
Sempra Energy
​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 5,736 ​ ​
Southern Co. (The)
​ ​ ​ ​ 131 ​ ​ ​ ​ ​ 8,578 ​ ​
WEC Energy Group, Inc.
​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 3,471 ​ ​
Xcel Energy, Inc.
​ ​ ​ ​ 68 ​ ​ ​ ​ ​ 4,427 ​ ​
Total Utilities
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 115,229 ​ ​
Total Common Stocks ​ ​ ​
(Cost $2,970,489)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,637,338 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Investment Companies — 9.8% ​
Commodity Funds — 9.8% ​
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
​ ​ ​ ​ 20,122 ​ ​ ​ ​ $ 342,074 ​ ​
iShares GSCI Commodity Dynamic
​ ​ ​ ​ 13,553 ​ ​ ​ ​ ​ 512,304 ​ ​
Total Commodity Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 854,378 ​ ​
Total Investment Companies ​ ​ ​
(Cost $820,423)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 854,378 ​ ​
Short-Term Investments — 0.1% ​
Money Market Funds — 0.1% ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(b)(c)
​ ​ ​ ​ 2,485 ​ ​ ​ ​ ​ 2,485 ​ ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(b)
​ ​ ​ ​ 9,227 ​ ​ ​ ​ ​ 9,227 ​ ​
Total Short-Term Investments ​ ​ ​
(Cost $11,712)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 11,712 ​ ​
Total Investments — 99.9% ​ ​ ​
(Cost $9,683,108)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,702,692 ​ ​
Other Assets and Liabilities,
Net — 0.1%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,699 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,709,391 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $1,285,207; total market value of collateral held by the Fund was $1,325,788. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of  $1,323,303.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(d) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
U.S. Treasury Inflation Indexed Bonds
​ ​ ​ $ — ​ ​ ​ ​ $ 5,199,264 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 5,199,264 ​ ​
Common Stocks
​ ​ ​ ​ 2,637,338 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,637,338 ​ ​
Investment Companies
​ ​ ​ ​ 854,378 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 854,378 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 11,712 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 11,712 ​ ​
Total Investments in Securities
​ ​ ​ $ 3,503,428 ​ ​ ​ ​ $ 5,199,264 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 8,702,692 ​ ​
​
(d)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
41​
TABLE OF CONTENTS​
Schedule of Investments — IQ S&P High Yield Low Volatility Bond ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
Long-Term Bonds 97.7% ​
Corporate Bonds — 91.6% ​
Consumer Discretionary — 13.7% ​
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.250%, due 3/15/26
​ ​ ​ $ 26,000 ​ ​ ​ ​ $ 23,333 ​ ​
3.500%, due 3/15/29
​ ​ ​ ​ 42,000 ​ ​ ​ ​ ​ 34,755 ​ ​
4.625%, due 1/15/27
​ ​ ​ ​ 98,000 ​ ​ ​ ​ ​ 90,818 ​ ​
4.875%, due 2/15/30
​ ​ ​ ​ 35,000 ​ ​ ​ ​ ​ 31,062 ​ ​
5.875%, due 2/15/28
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 35,530 ​ ​
7.500%, due 3/15/26
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 17,425 ​ ​
Allison Transmission, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 1/30/31
​ ​ ​ ​ 52,000 ​ ​ ​ ​ ​ 41,483 ​ ​
5.875%, due 6/1/29
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 23,312 ​ ​
Boyd Gaming Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 12/1/27(a)
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 39,617 ​ ​
4.750%, due 6/15/31
​ ​ ​ ​ 45,000 ​ ​ ​ ​ ​ 38,013 ​ ​
Caesars Entertainment, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.250%, due 7/1/25
​ ​ ​ ​ 130,000 ​ ​ ​ ​ ​ 126,845 ​ ​
Caesars Resort Collection LLC / CRC Finco, Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.750%, due 7/1/25
​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 29,303 ​ ​
CDI Escrow Issuer, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.750%, due 4/1/30
​ ​ ​ ​ 68,000 ​ ​ ​ ​ ​ 61,371 ​ ​
Cedar Fair LP / Canada’s Wonderland
Co. / Magnum Management Corp. /
Millennium Op
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.375%, due 4/15/27
​ ​ ​ ​ 40,000 ​ ​ ​ ​ ​ 37,700 ​ ​
5.500%, due 5/1/25
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 28,782 ​ ​
Churchill Downs, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 1/15/28
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 22,093 ​ ​
5.500%, due 4/1/27
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 23,894 ​ ​
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 1/15/29
​ ​ ​ ​ 36,000 ​ ​ ​ ​ ​ 31,309 ​ ​
Ford Motor Co. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.250%, due 2/12/32
​ ​ ​ ​ 62,000 ​ ​ ​ ​ ​ 46,551 ​ ​
4.346%, due 12/8/26
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 40,922 ​ ​
5.291%, due 12/8/46
​ ​ ​ ​ 64,000 ​ ​ ​ ​ ​ 47,381 ​ ​
7.450%, due 7/16/31
​ ​ ​ ​ 34,000 ​ ​ ​ ​ ​ 34,120 ​ ​
Ford Motor Credit Co. LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 6/17/31
​ ​ ​ ​ 86,000 ​ ​ ​ ​ ​ 66,880 ​ ​
4.000%, due 11/13/30
​ ​ ​ ​ 34,000 ​ ​ ​ ​ ​ 27,499 ​ ​
4.063%, due 11/1/24
​ ​ ​ ​ 90,000 ​ ​ ​ ​ ​ 86,288 ​ ​
4.271%, due 1/9/27
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 23,475 ​ ​
5.113%, due 5/3/29
​ ​ ​ ​ 21,000 ​ ​ ​ ​ ​ 18,774 ​ ​
5.125%, due 6/16/25
​ ​ ​ ​ 40,000 ​ ​ ​ ​ ​ 38,592 ​ ​
5.584%, due 3/18/24
​ ​ ​ ​ 124,000 ​ ​ ​ ​ ​ 122,125 ​ ​
Goodyear Tire & Rubber Co. (The) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 7/15/29
​ ​ ​ ​ 59,000 ​ ​ ​ ​ ​ 51,162 ​ ​
Hilton Domestic Operating Co., Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 2/15/32
​ ​ ​ ​ 77,000 ​ ​ ​ ​ ​ 61,311 ​ ​
3.750%, due 5/1/29
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 22,150 ​ ​
4.000%, due 5/1/31
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 35,946 ​ ​
4.875%, due 1/15/30
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 39,435 ​ ​
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Consumer Discretionary (continued) ​
5.375%, due 5/1/25
​ ​ ​ $ 25,000 ​ ​ ​ ​ $ 24,625 ​ ​
5.750%, due 5/1/28
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 24,125 ​ ​
International Game Technology PLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 4/15/26
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,128 ​ ​
5.250%, due 1/15/29
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,125 ​ ​
6.250%, due 1/15/27
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 43,593 ​ ​
Las Vegas Sands Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.500%, due 8/18/26
​ ​ ​ ​ 137,000 ​ ​ ​ ​ ​ 119,660 ​ ​
3.900%, due 8/8/29
​ ​ ​ ​ 22,000 ​ ​ ​ ​ ​ 17,782 ​ ​
Lithia Motors, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.375%, due 1/15/31
​ ​ ​ ​ 39,000 ​ ​ ​ ​ ​ 31,665 ​ ​
Marriott Ownership Resorts, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 6/15/29
​ ​ ​ ​ 41,000 ​ ​ ​ ​ ​ 34,326 ​ ​
MGM Resorts International ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 10/15/28
​ ​ ​ ​ 50,000 ​ ​ ​ ​ ​ 43,352 ​ ​
5.500%, due 4/15/27
​ ​ ​ ​ 22,000 ​ ​ ​ ​ ​ 20,263 ​ ​
6.750%, due 5/1/25
​ ​ ​ ​ 55,000 ​ ​ ​ ​ ​ 54,298 ​ ​
Murphy Oil USA, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 9/15/29
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 38,700 ​ ​
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.875%, due 5/15/29
​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 25,581 ​ ​
5.875%, due 10/1/28
​ ​ ​ ​ 28,000 ​ ​ ​ ​ ​ 25,410 ​ ​
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
7.500%, due 6/1/25
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 17,043 ​ ​
Penske Automotive Group, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.500%, due 9/1/25
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 26,958 ​ ​
PetSmart, Inc. / PetSmart Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 2/15/28
​ ​ ​ ​ 71,000 ​ ​ ​ ​ ​ 64,815 ​ ​
Scientific Games International, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
7.000%, due 5/15/28
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 42,580 ​ ​
8.625%, due 7/1/25
​ ​ ​ ​ 41,000 ​ ​ ​ ​ ​ 42,121 ​ ​
Tenneco, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.125%, due 4/15/29
​ ​ ​ ​ 37,000 ​ ​ ​ ​ ​ 36,576 ​ ​
Travel + Leisure Co. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.625%, due 7/31/26
​ ​ ​ ​ 46,000 ​ ​ ​ ​ ​ 44,791 ​ ​
Yum! Brands, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 3/15/31
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 23,273 ​ ​
4.625%, due 1/31/32
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 24,796 ​ ​
4.750%, due 1/15/30
​ ​ ​ ​ 72,000 ​ ​ ​ ​ ​ 64,350 ​ ​
5.375%, due 4/1/32
​ ​ ​ ​ 45,000 ​ ​ ​ ​ ​ 40,251 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,478,443 ​ ​
Consumer Staples — 5.3% ​
Central Garden & Pet Co. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 10/15/30
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 21,491 ​ ​
Coty, Inc./HFC Prestige Products,
Inc./HFC Prestige International US LLC
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 1/15/29
​ ​ ​ ​ 63,000 ​ ​ ​ ​ ​ 54,709 ​ ​
Darling Ingredients, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.000%, due 6/15/30
​ ​ ​ ​ 80,000 ​ ​ ​ ​ ​ 77,000 ​ ​
​
See notes to financial statements.
42
TABLE OF CONTENTS
Schedule of Investments — IQ S&P High Yield Low Volatility Bond ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Consumer Staples (continued) ​
Edgewell Personal Care Co. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 4/1/29
​ ​ ​ $ 31,000 ​ ​ ​ ​ $ 26,476 ​ ​
5.500%, due 6/1/28
​ ​ ​ ​ 22,000 ​ ​ ​ ​ ​ 20,692 ​ ​
Lamb Weston Holdings, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 1/31/30
​ ​ ​ ​ 18,000 ​ ​ ​ ​ ​ 15,713 ​ ​
4.375%, due 1/31/32
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 37,785 ​ ​
4.875%, due 5/15/28
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 26,957 ​ ​
Mattel, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.375%, due 4/1/26
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 20,979 ​ ​
3.750%, due 4/1/29
​ ​ ​ ​ 19,000 ​ ​ ​ ​ ​ 16,396 ​ ​
5.875%, due 12/15/27
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 25,230 ​ ​
Newell Brands, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.450%, due 4/1/26
​ ​ ​ ​ 64,000 ​ ​ ​ ​ ​ 59,555 ​ ​
4.875%, due 6/1/25
​ ​ ​ ​ 78,000 ​ ​ ​ ​ ​ 75,306 ​ ​
6.625%, due 9/15/29
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,617 ​ ​
Performance Food Group, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 8/1/29
​ ​ ​ ​ 41,000 ​ ​ ​ ​ ​ 34,734 ​ ​
5.500%, due 10/15/27
​ ​ ​ ​ 36,000 ​ ​ ​ ​ ​ 34,028 ​ ​
Pilgrim’s Pride Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.500%, due 3/1/32
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 32,926 ​ ​
4.250%, due 4/15/31
​ ​ ​ ​ 50,000 ​ ​ ​ ​ ​ 41,641 ​ ​
Post Holdings, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 9/15/31
​ ​ ​ ​ 140,000 ​ ​ ​ ​ ​ 115,808 ​ ​
5.500%, due 12/15/29
​ ​ ​ ​ 80,000 ​ ​ ​ ​ ​ 71,994 ​ ​
Tempur Sealy International, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 10/15/31
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 17,270 ​ ​
4.000%, due 4/15/29
​ ​ ​ ​ 55,000 ​ ​ ​ ​ ​ 44,229 ​ ​
US Foods, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 6/1/30
​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ 23,423 ​ ​
4.750%, due 2/15/29
​ ​ ​ ​ 39,000 ​ ​ ​ ​ ​ 34,564 ​ ​
6.250%, due 4/15/25
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 22,889 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 968,412 ​ ​
Energy — 14.3% ​
Antero Midstream Partners LP / Antero Midstream Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.750%, due 3/1/27
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 41,901 ​ ​
7.875%, due 5/15/26
​ ​ ​ ​ 71,000 ​ ​ ​ ​ ​ 72,420 ​ ​
Antero Resources Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.375%, due 3/1/30
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,033 ​ ​
7.625%, due 2/1/29
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 17,340 ​ ​
Apache Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 1/15/30
​ ​ ​ ​ 58,000 ​ ​ ​ ​ ​ 51,603 ​ ​
5.100%, due 9/1/40
​ ​ ​ ​ 39,000 ​ ​ ​ ​ ​ 31,579 ​ ​
Ascent Resources Utica Holdings LLC / Aru Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
7.000%, due 11/1/26
​ ​ ​ ​ 31,000 ​ ​ ​ ​ ​ 30,535 ​ ​
Buckeye Partners LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 3/1/25
​ ​ ​ ​ 42,000 ​ ​ ​ ​ ​ 39,585 ​ ​
Cheniere Energy Partners LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.250%, due 1/31/32
​ ​ ​ ​ 36,000 ​ ​ ​ ​ ​ 28,014 ​ ​
4.000%, due 3/1/31
​ ​ ​ ​ 77,000 ​ ​ ​ ​ ​ 64,918 ​ ​
4.500%, due 10/1/29
​ ​ ​ ​ 48,000 ​ ​ ​ ​ ​ 42,382 ​ ​
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Energy (continued) ​
Cheniere Energy, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 10/15/28
​ ​ ​ $ 77,000 ​ ​ ​ ​ $ 71,032 ​ ​
Chesapeake Energy Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.500%, due 2/1/26
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 24,231 ​ ​
CITGO Petroleum Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.375%, due 6/15/26
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,743 ​ ​
CNX Resources Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.000%, due 1/15/29
​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 28,005 ​ ​
Colgate Energy Partners III LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.875%, due 7/1/29
​ ​ ​ ​ 22,000 ​ ​ ​ ​ ​ 20,510 ​ ​
Comstock Resources, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.750%, due 3/1/29
​ ​ ​ ​ 76,000 ​ ​ ​ ​ ​ 72,770 ​ ​
CQP Holdco LP / BIP-V Chinook Holdco LLC
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.500%, due 6/15/31
​ ​ ​ ​ 68,000 ​ ​ ​ ​ ​ 60,350 ​ ​
Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.625%, due 5/1/27
​ ​ ​ ​ 22,000 ​ ​ ​ ​ ​ 20,693 ​ ​
6.000%, due 2/1/29
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 15,897 ​ ​
8.000%, due 4/1/29
​ ​ ​ ​ 33,000 ​ ​ ​ ​ ​ 33,000 ​ ​
CrownRock LP / CrownRock Finance, Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.625%, due 10/15/25
​ ​ ​ ​ 32,000 ​ ​ ​ ​ ​ 30,950 ​ ​
DT Midstream, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 6/15/29
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 38,038 ​ ​
4.375%, due 6/15/31
​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ 22,747 ​ ​
Endeavor Energy Resources LP / EER Finance, Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.750%, due 1/30/28
​ ​ ​ ​ 49,000 ​ ​ ​ ​ ​ 47,626 ​ ​
EnLink Midstream LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.375%, due 6/1/29
​ ​ ​ ​ 54,000 ​ ​ ​ ​ ​ 49,853 ​ ​
6.500%, due 9/1/30
​ ​ ​ ​ 36,000 ​ ​ ​ ​ ​ 35,370 ​ ​
EQM Midstream Partners LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 1/15/29
​ ​ ​ ​ 99,000 ​ ​ ​ ​ ​ 84,150 ​ ​
4.750%, due 1/15/31
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 31,757 ​ ​
Hess Midstream Operations LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 2/15/30
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 36,771 ​ ​
5.125%, due 6/15/28
​ ​ ​ ​ 31,000 ​ ​ ​ ​ ​ 28,520 ​ ​
5.625%, due 2/15/26
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,673 ​ ​
Hilcorp Energy I LP / Hilcorp Finance Co.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.000%, due 4/15/30
​ ​ ​ ​ 83,000 ​ ​ ​ ​ ​ 75,157 ​ ​
6.000%, due 2/1/31
​ ​ ​ ​ 18,000 ​ ​ ​ ​ ​ 16,334 ​ ​
6.250%, due 11/1/28
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 15,980 ​ ​
Kinetik Holdings LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.875%, due 6/15/30
​ ​ ​ ​ 59,000 ​ ​ ​ ​ ​ 55,352 ​ ​
Matador Resources Co. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.875%, due 9/15/26
​ ​ ​ ​ 59,000 ​ ​ ​ ​ ​ 57,968 ​ ​
Murphy Oil Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.375%, due 7/15/28
​ ​ ​ ​ 59,000 ​ ​ ​ ​ ​ 57,725 ​ ​
NuStar Logistics LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.000%, due 6/1/26
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,483 ​ ​
Occidental Petroleum Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.550%, due 3/15/26
​ ​ ​ ​ 72,000 ​ ​ ​ ​ ​ 73,080 ​ ​
6.200%, due 3/15/40
​ ​ ​ ​ 92,000 ​ ​ ​ ​ ​ 88,508 ​ ​
​
See notes to financial statements.
43​
TABLE OF CONTENTS
Schedule of Investments — IQ S&P High Yield Low Volatility Bond ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Energy (continued) ​
6.450%, due 9/15/36
​ ​ ​ $ 78,000 ​ ​ ​ ​ $ 77,374 ​ ​
8.000%, due 7/15/25
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 17,945 ​ ​
8.500%, due 7/15/27
​ ​ ​ ​ 129,000 ​ ​ ​ ​ ​ 140,255 ​ ​
8.875%, due 7/15/30
​ ​ ​ ​ 50,000 ​ ​ ​ ​ ​ 56,750 ​ ​
Range Resources Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 2/15/30
​ ​ ​ ​ 56,000 ​ ​ ​ ​ ​ 49,505 ​ ​
Rockies Express Pipeline LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.950%, due 7/15/29
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 37,723 ​ ​
Southwestern Energy Co. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 2/1/32
​ ​ ​ ​ 21,000 ​ ​ ​ ​ ​ 18,127 ​ ​
5.375%, due 2/1/29
​ ​ ​ ​ 60,000 ​ ​ ​ ​ ​ 55,950 ​ ​
5.375%, due 3/15/30
​ ​ ​ ​ 61,000 ​ ​ ​ ​ ​ 56,425 ​ ​
Sunoco LP / Sunoco Finance Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 5/15/29
​ ​ ​ ​ 82,000 ​ ​ ​ ​ ​ 70,430 ​ ​
6.000%, due 4/15/27
​ ​ ​ ​ 20,000 ​ ​ ​ ​ ​ 19,596 ​ ​
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.000%, due 12/31/30
​ ​ ​ ​ 45,000 ​ ​ ​ ​ ​ 40,735 ​ ​
7.500%, due 10/1/25
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 17,169 ​ ​
Venture Global Calcasieu Pass LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 8/15/29
​ ​ ​ ​ 19,000 ​ ​ ​ ​ ​ 16,293 ​ ​
3.875%, due 11/1/33
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 20,865 ​ ​
4.125%, due 8/15/31
​ ​ ​ ​ 128,000 ​ ​ ​ ​ ​ 109,124 ​ ​
Weatherford International Ltd. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.500%, due 9/15/28
​ ​ ​ ​ 24,000 ​ ​ ​ ​ ​ 22,920 ​ ​
Western Midstream Operating LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.300%, due 2/1/30
​ ​ ​ ​ 50,000 ​ ​ ​ ​ ​ 43,990 ​ ​
5.300%, due 3/1/48
​ ​ ​ ​ 46,000 ​ ​ ​ ​ ​ 37,145 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,594,904 ​ ​
Financials — 4.1% ​
Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 10/15/27
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 26,103 ​ ​
Block, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
2.750%, due 6/1/26
​ ​ ​ ​ 94,000 ​ ​ ​ ​ ​ 83,833 ​ ​
FirstCash, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 9/1/28
​ ​ ​ ​ 24,000 ​ ​ ​ ​ ​ 20,655 ​ ​
5.625%, due 1/1/30
​ ​ ​ ​ 18,000 ​ ​ ​ ​ ​ 15,867 ​ ​
HUB International Ltd. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
7.000%, due 5/1/26
​ ​ ​ ​ 60,000 ​ ​ ​ ​ ​ 59,250 ​ ​
Icahn Enterprises LP / Icahn Enterprises Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.375%, due 2/1/29
​ ​ ​ ​ 22,000 ​ ​ ​ ​ ​ 18,367 ​ ​
4.750%, due 9/15/24
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 42,818 ​ ​
5.250%, due 5/15/27
​ ​ ​ ​ 67,000 ​ ​ ​ ​ ​ 61,733 ​ ​
6.375%, due 12/15/25
​ ​ ​ ​ 102,000 ​ ​ ​ ​ ​ 99,016 ​ ​
LPL Holdings, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.000%, due 3/15/29
​ ​ ​ ​ 39,000 ​ ​ ​ ​ ​ 34,039 ​ ​
MSCI, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 9/1/30
​ ​ ​ ​ 24,000 ​ ​ ​ ​ ​ 20,054 ​ ​
3.875%, due 2/15/31
​ ​ ​ ​ 60,000 ​ ​ ​ ​ ​ 50,557 ​ ​
4.000%, due 11/15/29
​ ​ ​ ​ 102,000 ​ ​ ​ ​ ​ 88,569 ​ ​
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Financials (continued) ​
NFP Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.875%, due 8/15/28
​ ​ ​ $ 19,000 ​ ​ ​ ​ $ 16,392 ​ ​
Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
2.875%, due 10/15/26
​ ​ ​ ​ 61,000 ​ ​ ​ ​ ​ 50,900 ​ ​
SLM Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.200%, due 10/29/25
​ ​ ​ ​ 62,000 ​ ​ ​ ​ ​ 57,565 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 745,718 ​ ​
Health Care — 8.2% ​
AdaptHealth LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.125%, due 3/1/30
​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 26,025 ​ ​
Avantor Funding, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 7/15/28
​ ​ ​ ​ 96,000 ​ ​ ​ ​ ​ 86,756 ​ ​
Catalent Pharma Solutions, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.125%, due 2/15/29
​ ​ ​ ​ 53,000 ​ ​ ​ ​ ​ 43,370 ​ ​
5.000%, due 7/15/27
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 21,624 ​ ​
Charles River Laboratories International,
Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 3/15/29
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 21,625 ​ ​
4.250%, due 5/1/28
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 22,742 ​ ​
Encompass Health Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 2/1/28
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 23,267 ​ ​
4.750%, due 2/1/30
​ ​ ​ ​ 39,000 ​ ​ ​ ​ ​ 33,248 ​ ​
Hologic, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.250%, due 2/15/29
​ ​ ​ ​ 52,000 ​ ​ ​ ​ ​ 44,190 ​ ​
IQVIA, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 10/15/26
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,206 ​ ​
5.000%, due 5/15/27
​ ​ ​ ​ 69,000 ​ ​ ​ ​ ​ 65,749 ​ ​
Jazz Securities DAC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.375%, due 1/15/29
​ ​ ​ ​ 68,000 ​ ​ ​ ​ ​ 60,350 ​ ​
Medline Borrower LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 4/1/29
​ ​ ​ ​ 198,000 ​ ​ ​ ​ ​ 161,766 ​ ​
Molina Healthcare, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 11/15/30
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 22,095 ​ ​
3.875%, due 5/15/32
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 21,684 ​ ​
4.375%, due 6/15/28
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 38,565 ​ ​
Organon & Co. / Organon Foreign Debt
Co.-Issuer BV
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.125%, due 4/30/31
​ ​ ​ ​ 75,000 ​ ​ ​ ​ ​ 63,695 ​ ​
Organon & Co. / Organon Foreign Debt
Co-Issuer BV
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 4/30/28
​ ​ ​ ​ 85,000 ​ ​ ​ ​ ​ 74,870 ​ ​
Perrigo Finance Unlimited Co. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.400%, due 6/15/30
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 31,754 ​ ​
Prestige Brands, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 4/1/31
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 20,852 ​ ​
Service Corp. International ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.375%, due 8/15/30
​ ​ ​ ​ 60,000 ​ ​ ​ ​ ​ 48,433 ​ ​
4.000%, due 5/15/31
​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 24,898 ​ ​
4.625%, due 12/15/27
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,090 ​ ​
5.125%, due 6/1/29
​ ​ ​ ​ 28,000 ​ ​ ​ ​ ​ 26,081 ​ ​
​
See notes to financial statements.
44
TABLE OF CONTENTS
Schedule of Investments — IQ S&P High Yield Low Volatility Bond ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Health Care (continued) ​
Teleflex, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 6/1/28
​ ​ ​ $ 26,000 ​ ​ ​ ​ $ 23,525 ​ ​
4.625%, due 11/15/27
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,501 ​ ​
Tenet Healthcare Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 6/1/29
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 37,070 ​ ​
4.375%, due 1/15/30
​ ​ ​ ​ 48,000 ​ ​ ​ ​ ​ 40,272 ​ ​
4.625%, due 7/15/24
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 28,275 ​ ​
4.625%, due 9/1/24
​ ​ ​ ​ 58,000 ​ ​ ​ ​ ​ 55,989 ​ ​
4.625%, due 6/15/28
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 38,610 ​ ​
4.875%, due 1/1/26
​ ​ ​ ​ 60,000 ​ ​ ​ ​ ​ 56,700 ​ ​
5.125%, due 11/1/27
​ ​ ​ ​ 129,000 ​ ​ ​ ​ ​ 118,841 ​ ​
6.125%, due 6/15/30
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 39,695 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,487,413 ​ ​
Industrials — 10.4% ​
ADT Security Corp. (The) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 8/1/29
​ ​ ​ ​ 52,000 ​ ​ ​ ​ ​ 44,591 ​ ​
American Builders & Contractors Supply
Co., Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.000%, due 1/15/28
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 22,060 ​ ​
APX Group, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.750%, due 2/15/27
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,584 ​ ​
Aramark Services, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 2/1/28
​ ​ ​ ​ 61,000 ​ ​ ​ ​ ​ 55,577 ​ ​
6.375%, due 5/1/25
​ ​ ​ ​ 63,000 ​ ​ ​ ​ ​ 62,323 ​ ​
Builders FirstSource, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 2/1/32
​ ​ ​ ​ 48,000 ​ ​ ​ ​ ​ 38,410 ​ ​
5.000%, due 3/1/30
​ ​ ​ ​ 49,000 ​ ​ ​ ​ ​ 42,083 ​ ​
Camelot Finance SA ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 11/1/26
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,291 ​ ​
Century Communities, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.750%, due 6/1/27
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 23,865 ​ ​
Clarivate Science Holdings Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 7/1/28
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 21,439 ​ ​
Gartner, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 6/15/29
​ ​ ​ ​ 19,000 ​ ​ ​ ​ ​ 16,150 ​ ​
3.750%, due 10/1/30
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 36,120 ​ ​
4.500%, due 7/1/28
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 26,875 ​ ​
Grand Canyon University ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 10/1/24
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,375 ​ ​
H&E Equipment Services, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 12/15/28
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 37,179 ​ ​
Herc Holdings, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.500%, due 7/15/27
​ ​ ​ ​ 42,000 ​ ​ ​ ​ ​ 39,742 ​ ​
Howmet Aerospace, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.000%, due 1/15/29
​ ​ ​ ​ 45,000 ​ ​ ​ ​ ​ 37,457 ​ ​
5.125%, due 10/1/24
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 43,450 ​ ​
6.875%, due 5/1/25
​ ​ ​ ​ 35,000 ​ ​ ​ ​ ​ 35,777 ​ ​
Madison IAQ LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 6/30/28
​ ​ ​ ​ 20,000 ​ ​ ​ ​ ​ 16,550 ​ ​
Picasso Finance Sub, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.125%, due 6/15/25
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,967 ​ ​
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Industrials (continued) ​
Prime Security Services Borrower LLC / Prime Finance, Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.375%, due 8/31/27
​ ​ ​ $ 33,000 ​ ​ ​ ​ $ 28,561 ​ ​
5.250%, due 4/15/24
​ ​ ​ ​ 55,000 ​ ​ ​ ​ ​ 54,739 ​ ​
5.750%, due 4/15/26
​ ​ ​ ​ 56,000 ​ ​ ​ ​ ​ 54,508 ​ ​
Spirit AeroSystems, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.500%, due 1/15/25
​ ​ ​ ​ 31,000 ​ ​ ​ ​ ​ 29,915 ​ ​
SRS Distribution, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 7/1/28
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 38,634 ​ ​
Stericycle, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 1/15/29
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 33,006 ​ ​
Summit Materials LLC / Summit Materials
Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.250%, due 1/15/29
​ ​ ​ ​ 31,000 ​ ​ ​ ​ ​ 28,310 ​ ​
Taylor Morrison Communities, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.875%, due 6/15/27
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 15,942 ​ ​
TransDigm, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.875%, due 5/1/29
​ ​ ​ ​ 105,000 ​ ​ ​ ​ ​ 89,277 ​ ​
6.250%, due 3/15/26
​ ​ ​ ​ 242,000 ​ ​ ​ ​ ​ 238,711 ​ ​
Uber Technologies, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 8/15/29
​ ​ ​ ​ 52,000 ​ ​ ​ ​ ​ 44,574 ​ ​
6.250%, due 1/15/28
​ ​ ​ ​ 63,000 ​ ​ ​ ​ ​ 59,850 ​ ​
7.500%, due 9/15/27
​ ​ ​ ​ 61,000 ​ ​ ​ ​ ​ 60,986 ​ ​
8.000%, due 11/1/26
​ ​ ​ ​ 90,000 ​ ​ ​ ​ ​ 90,333 ​ ​
United Rentals North America, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 1/15/32
​ ​ ​ ​ 56,000 ​ ​ ​ ​ ​ 45,360 ​ ​
3.875%, due 2/15/31
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 24,041 ​ ​
4.000%, due 7/15/30
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 37,455 ​ ​
4.875%, due 1/15/28
​ ​ ​ ​ 60,000 ​ ​ ​ ​ ​ 55,800 ​ ​
5.250%, due 1/15/30
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,115 ​ ​
WESCO Distribution, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
7.125%, due 6/15/25
​ ​ ​ ​ 97,000 ​ ​ ​ ​ ​ 97,941 ​ ​
7.250%, due 6/15/28
​ ​ ​ ​ 33,000 ​ ​ ​ ​ ​ 33,477 ​ ​
Williams Scotsman International, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 8/15/28
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 20,772 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,888,172 ​ ​
Information Technology — 4.9% ​
Black Knight InfoServ LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 9/1/28
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 38,115 ​ ​
Booz Allen Hamilton, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.000%, due 7/1/29
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 37,587 ​ ​
Clarios Global LP / Clarios US Finance Co.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.250%, due 5/15/26
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 41,602 ​ ​
CommScope, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 9/1/29
​ ​ ​ ​ 51,000 ​ ​ ​ ​ ​ 43,138 ​ ​
6.000%, due 3/1/26
​ ​ ​ ​ 50,000 ​ ​ ​ ​ ​ 48,228 ​ ​
Entegris Escrow Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.950%, due 6/15/30
​ ​ ​ ​ 56,000 ​ ​ ​ ​ ​ 51,100 ​ ​
Fair Isaac Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.000%, due 6/15/28
​ ​ ​ ​ 51,000 ​ ​ ​ ​ ​ 46,147 ​ ​
​
See notes to financial statements.
45​
TABLE OF CONTENTS
Schedule of Investments — IQ S&P High Yield Low Volatility Bond ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Information Technology (continued) ​
Go Daddy Operating Co. LLC / GD Finance Co., Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.500%, due 3/1/29
​ ​ ​ $ 44,000 ​ ​ ​ ​ $ 36,491 ​ ​
Imola Merger Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 5/15/29
​ ​ ​ ​ 80,000 ​ ​ ​ ​ ​ 68,976 ​ ​
NCR Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.750%, due 9/1/27
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 36,670 ​ ​
NortonLifeLock, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 4/15/25
​ ​ ​ ​ 31,000 ​ ​ ​ ​ ​ 30,083 ​ ​
6.750%, due 9/30/27
​ ​ ​ ​ 61,000 ​ ​ ​ ​ ​ 60,133 ​ ​
7.125%, due 9/30/30
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,711 ​ ​
Presidio Holdings, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.875%, due 2/1/27
​ ​ ​ ​ 18,000 ​ ​ ​ ​ ​ 16,621 ​ ​
PTC, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.000%, due 2/15/28
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 23,549 ​ ​
Seagate HDD Cayman ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.125%, due 7/15/29
​ ​ ​ ​ 34,000 ​ ​ ​ ​ ​ 25,141 ​ ​
3.375%, due 7/15/31
​ ​ ​ ​ 34,000 ​ ​ ​ ​ ​ 24,267 ​ ​
4.875%, due 3/1/24
​ ​ ​ ​ 36,000 ​ ​ ​ ​ ​ 35,093 ​ ​
Sensata Technologies BV ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.000%, due 4/15/29
​ ​ ​ ​ 29,000 ​ ​ ​ ​ ​ 24,424 ​ ​
5.875%, due 9/1/30
​ ​ ​ ​ 22,000 ​ ​ ​ ​ ​ 20,900 ​ ​
Sensata Technologies, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 2/15/31
​ ​ ​ ​ 31,000 ​ ​ ​ ​ ​ 24,684 ​ ​
4.375%, due 2/15/30
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 22,365 ​ ​
SS&C Technologies, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.500%, due 9/30/27
​ ​ ​ ​ 95,000 ​ ​ ​ ​ ​ 88,330 ​ ​
Twilio, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 3/15/31(a)
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 35,884 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 896,239 ​ ​
Materials — 4.8% ​
Arconic Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.000%, due 5/15/25
​ ​ ​ ​ 45,000 ​ ​ ​ ​ ​ 44,559 ​ ​
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.250%, due 9/1/28
​ ​ ​ ​ 54,000 ​ ​ ​ ​ ​ 44,275 ​ ​
Avient Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.750%, due 5/15/25
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 43,072 ​ ​
7.125%, due 8/1/30
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,257 ​ ​
Axalta Coating Systems LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.375%, due 2/15/29
​ ​ ​ ​ 46,000 ​ ​ ​ ​ ​ 37,806 ​ ​
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 6/15/27(a)
​ ​ ​ ​ 18,000 ​ ​ ​ ​ ​ 16,402 ​ ​
Ball Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
2.875%, due 8/15/30
​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ 20,968 ​ ​
3.125%, due 9/15/31
​ ​ ​ ​ 40,000 ​ ​ ​ ​ ​ 30,628 ​ ​
4.000%, due 11/15/23
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 25,460 ​ ​
4.875%, due 3/15/26
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,948 ​ ​
5.250%, due 7/1/25
​ ​ ​ ​ 78,000 ​ ​ ​ ​ ​ 76,987 ​ ​
Berry Global, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.625%, due 7/15/27
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 21,814 ​ ​
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Materials (continued) ​
Cleveland-Cliffs, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.875%, due 6/1/27
​ ​ ​ $ 27,000 ​ ​ ​ ​ $ 25,110 ​ ​
6.750%, due 3/15/26
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,873 ​ ​
Clydesdale Acquisition Holdings, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.625%, due 4/15/29
​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ 25,634 ​ ​
Crown Americas LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.250%, due 4/1/30
​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ 24,702 ​ ​
Crown Americas LLC / Crown Americas Capital Corp. VI
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 2/1/26
​ ​ ​ ​ 35,000 ​ ​ ​ ​ ​ 33,499 ​ ​
Kaiser Aluminum Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 3/1/28
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 20,120 ​ ​
Novelis Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.250%, due 11/15/26
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 38,510 ​ ​
3.875%, due 8/15/31
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 20,142 ​ ​
4.750%, due 1/30/30
​ ​ ​ ​ 60,000 ​ ​ ​ ​ ​ 50,973 ​ ​
Olin Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 2/1/30
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 34,390 ​ ​
5.625%, due 8/1/29
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,435 ​ ​
Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.375%, due 10/15/28
​ ​ ​ ​ 32,000 ​ ​ ​ ​ ​ 28,000 ​ ​
Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer LLC
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.000%, due 10/15/27
​ ​ ​ ​ 21,000 ​ ​ ​ ​ ​ 18,585 ​ ​
Sealed Air Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.000%, due 12/1/27
​ ​ ​ ​ 49,000 ​ ​ ​ ​ ​ 43,643 ​ ​
Valvoline, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 6/15/31
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 34,716 ​ ​
WR Grace Holdings LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.875%, due 6/15/27
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 20,125 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 862,633 ​ ​
Media — 10.8% ​
CCO Holdings LLC / CCO Holdings Capital Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 2/1/31
​ ​ ​ ​ 77,000 ​ ​ ​ ​ ​ 60,830 ​ ​
4.250%, due 1/15/34
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 27,930 ​ ​
4.500%, due 8/15/30
​ ​ ​ ​ 95,000 ​ ​ ​ ​ ​ 77,098 ​ ​
4.500%, due 5/1/32
​ ​ ​ ​ 110,000 ​ ​ ​ ​ ​ 86,900 ​ ​
4.500%, due 6/1/33
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 28,816 ​ ​
4.750%, due 3/1/30
​ ​ ​ ​ 96,000 ​ ​ ​ ​ ​ 80,678 ​ ​
5.000%, due 2/1/28
​ ​ ​ ​ 176,000 ​ ​ ​ ​ ​ 159,280 ​ ​
5.375%, due 6/1/29
​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ 24,121 ​ ​
Clear Channel Outdoor Holdings, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.125%, due 8/15/27
​ ​ ​ ​ 35,000 ​ ​ ​ ​ ​ 31,500 ​ ​
CSC Holdings LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.375%, due 2/15/31
​ ​ ​ ​ 31,000 ​ ​ ​ ​ ​ 22,475 ​ ​
4.125%, due 12/1/30
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 19,669 ​ ​
5.375%, due 2/1/28
​ ​ ​ ​ 101,000 ​ ​ ​ ​ ​ 93,172 ​ ​
5.500%, due 4/15/27
​ ​ ​ ​ 46,000 ​ ​ ​ ​ ​ 43,125 ​ ​
Gray Television, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
7.000%, due 5/15/27
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,192 ​ ​
​
See notes to financial statements.
46
TABLE OF CONTENTS
Schedule of Investments — IQ S&P High Yield Low Volatility Bond ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Media (continued) ​
Lamar Media Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 1/15/31
​ ​ ​ $ 26,000 ​ ​ ​ ​ $ 21,190 ​ ​
3.750%, due 2/15/28
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 21,940 ​ ​
4.000%, due 2/15/30
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 22,077 ​ ​
Live Nation Entertainment, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 1/15/28
​ ​ ​ ​ 89,000 ​ ​ ​ ​ ​ 77,453 ​ ​
6.500%, due 5/15/27
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,908 ​ ​
Match Group Holdings II LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 10/1/31
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 19,057 ​ ​
4.125%, due 8/1/30
​ ​ ​ ​ 58,000 ​ ​ ​ ​ ​ 47,386 ​ ​
News Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 5/15/29
​ ​ ​ ​ 60,000 ​ ​ ​ ​ ​ 51,570 ​ ​
Nexstar Media, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 11/1/28
​ ​ ​ ​ 65,000 ​ ​ ​ ​ ​ 57,044 ​ ​
5.625%, due 7/15/27
​ ​ ​ ​ 39,000 ​ ​ ​ ​ ​ 36,836 ​ ​
ROBLOX Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 5/1/30
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 20,625 ​ ​
Scripps Escrow II, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 1/15/29
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 21,472 ​ ​
Sinclair Television Group, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 12/1/30
​ ​ ​ ​ 21,000 ​ ​ ​ ​ ​ 16,172 ​ ​
Sirius XM Radio, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.125%, due 9/1/26
​ ​ ​ ​ 37,000 ​ ​ ​ ​ ​ 33,063 ​ ​
3.875%, due 9/1/31
​ ​ ​ ​ 108,000 ​ ​ ​ ​ ​ 86,400 ​ ​
4.000%, due 7/15/28
​ ​ ​ ​ 42,000 ​ ​ ​ ​ ​ 36,106 ​ ​
4.125%, due 7/1/30
​ ​ ​ ​ 56,000 ​ ​ ​ ​ ​ 45,824 ​ ​
5.000%, due 8/1/27
​ ​ ​ ​ 77,000 ​ ​ ​ ​ ​ 70,840 ​ ​
5.500%, due 7/1/29
​ ​ ​ ​ 50,000 ​ ​ ​ ​ ​ 46,115 ​ ​
TEGNA, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 3/15/28
​ ​ ​ ​ 77,000 ​ ​ ​ ​ ​ 73,294 ​ ​
4.750%, due 3/15/26
​ ​ ​ ​ 40,000 ​ ​ ​ ​ ​ 38,857 ​ ​
Twitter, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 3/1/30
​ ​ ​ ​ 61,000 ​ ​ ​ ​ ​ 61,335 ​ ​
Univision Communications, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 5/1/29
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 37,043 ​ ​
5.125%, due 2/15/25
​ ​ ​ ​ 132,000 ​ ​ ​ ​ ​ 127,545 ​ ​
6.625%, due 6/1/27
​ ​ ​ ​ 31,000 ​ ​ ​ ​ ​ 30,613 ​ ​
7.375%, due 6/30/30
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,448 ​ ​
WMG Acquisition Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.000%, due 2/15/31
​ ​ ​ ​ 33,000 ​ ​ ​ ​ ​ 25,753 ​ ​
3.875%, due 7/15/30
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 36,747 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,967,499 ​ ​
Real Estate — 3.6% ​
Iron Mountain, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 2/15/31
​ ​ ​ ​ 136,000 ​ ​ ​ ​ ​ 110,159 ​ ​
4.875%, due 9/15/27
​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 27,743 ​ ​
4.875%, due 9/15/29
​ ​ ​ ​ 77,000 ​ ​ ​ ​ ​ 66,201 ​ ​
5.000%, due 7/15/28
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 23,260 ​ ​
5.250%, due 3/15/28
​ ​ ​ ​ 18,000 ​ ​ ​ ​ ​ 16,560 ​ ​
5.250%, due 7/15/30
​ ​ ​ ​ 37,000 ​ ​ ​ ​ ​ 31,924 ​ ​
iStar, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 10/1/24
​ ​ ​ ​ 47,000 ​ ​ ​ ​ ​ 46,408 ​ ​
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Real Estate (continued) ​
Outfront Media Capital LLC / Outfront Media Capital Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 8/15/27
​ ​ ​ $ 28,000 ​ ​ ​ ​ $ 25,206 ​ ​
RHP Hotel Properties LP / RHP Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 2/15/29
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 33,345 ​ ​
4.750%, due 10/15/27
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 23,999 ​ ​
RLJ Lodging Trust LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 7/1/26
​ ​ ​ ​ 21,000 ​ ​ ​ ​ ​ 19,177 ​ ​
4.000%, due 9/15/29
​ ​ ​ ​ 30,000 ​ ​ ​ ​ ​ 25,137 ​ ​
SBA Communications Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.125%, due 2/1/29
​ ​ ​ ​ 93,000 ​ ​ ​ ​ ​ 75,165 ​ ​
3.875%, due 2/15/27
​ ​ ​ ​ 42,000 ​ ​ ​ ​ ​ 37,800 ​ ​
Starwood Property Trust, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.750%, due 3/15/25
​ ​ ​ ​ 28,000 ​ ​ ​ ​ ​ 26,232 ​ ​
XHR LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.875%, due 6/1/29
​ ​ ​ ​ 22,000 ​ ​ ​ ​ ​ 18,979 ​ ​
6.375%, due 8/15/25
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 37,241 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 644,536 ​ ​
Telecommunication Services — 3.9% ​
Cablevision Lightpath LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 9/15/27
​ ​ ​ ​ 19,000 ​ ​ ​ ​ ​ 16,154 ​ ​
Frontier Communications Holdings LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.875%, due 10/15/27
​ ​ ​ ​ 121,000 ​ ​ ​ ​ ​ 111,299 ​ ​
Level 3 Financing, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.400%, due 3/1/27
​ ​ ​ ​ 36,000 ​ ​ ​ ​ ​ 30,991 ​ ​
Sprint Capital Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
6.875%, due 11/15/28
​ ​ ​ ​ 160,000 ​ ​ ​ ​ ​ 165,117 ​ ​
8.750%, due 3/15/32
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 30,515 ​ ​
Sprint Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
7.125%, due 6/15/24
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 44,482 ​ ​
7.625%, due 2/15/25
​ ​ ​ ​ 77,000 ​ ​ ​ ​ ​ 79,117 ​ ​
7.625%, due 3/1/26
​ ​ ​ ​ 154,000 ​ ​ ​ ​ ​ 160,738 ​ ​
7.875%, due 9/15/23
​ ​ ​ ​ 65,000 ​ ​ ​ ​ ​ 66,066 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 704,479 ​ ​
Transportation — 3.0% ​
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.500%, due 4/20/26
​ ​ ​ ​ 158,000 ​ ​ ​ ​ ​ 150,467 ​ ​
5.750%, due 4/20/29
​ ​ ​ ​ 105,000 ​ ​ ​ ​ ​ 95,550 ​ ​
Delta Air Lines, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
2.900%, due 10/28/24
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 40,635 ​ ​
4.375%, due 4/19/28
​ ​ ​ ​ 57,000 ​ ​ ​ ​ ​ 50,843 ​ ​
7.375%, due 1/15/26
​ ​ ​ ​ 32,000 ​ ​ ​ ​ ​ 32,672 ​ ​
United Airlines, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.375%, due 4/15/26
​ ​ ​ ​ 79,000 ​ ​ ​ ​ ​ 72,100 ​ ​
4.625%, due 4/15/29
​ ​ ​ ​ 114,000 ​ ​ ​ ​ ​ 97,503 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 539,770 ​ ​
Utilities — 4.6% ​
Calpine Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 3/1/31
​ ​ ​ ​ 34,000 ​ ​ ​ ​ ​ 27,855 ​ ​
4.500%, due 2/15/28
​ ​ ​ ​ 61,000 ​ ​ ​ ​ ​ 54,820 ​ ​
​
See notes to financial statements.
47​
TABLE OF CONTENTS
Schedule of Investments — IQ S&P High Yield Low Volatility Bond ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
Corporate Bonds (continued) ​
Utilities (continued) ​
Clearway Energy Operating LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.750%, due 2/15/31
​ ​ ​ $ 57,000 ​ ​ ​ ​ $ 47,595 ​ ​
4.750%, due 3/15/28
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 21,245 ​ ​
FirstEnergy Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
2.650%, due 3/1/30
​ ​ ​ ​ 40,000 ​ ​ ​ ​ ​ 32,337 ​ ​
Series B, 4.400%, due 7/15/27
​ ​ ​ ​ 80,000 ​ ​ ​ ​ ​ 75,129 ​ ​
Series C, 3.400%, due 3/1/50
​ ​ ​ ​ 36,000 ​ ​ ​ ​ ​ 22,365 ​ ​
NextEra Energy Operating Partners LP ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 10/15/26
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 23,174 ​ ​
4.250%, due 7/15/24
​ ​ ​ ​ 34,000 ​ ​ ​ ​ ​ 32,964 ​ ​
NRG Energy, Inc. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.375%, due 2/15/29
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 21,657 ​ ​
3.625%, due 2/15/31
​ ​ ​ ​ 42,000 ​ ​ ​ ​ ​ 33,422 ​ ​
3.875%, due 2/15/32
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 33,903 ​ ​
5.250%, due 6/15/29
​ ​ ​ ​ 28,000 ​ ​ ​ ​ ​ 25,410 ​ ​
5.750%, due 1/15/28
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 24,797 ​ ​
PG&E Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.250%, due 7/1/30
​ ​ ​ ​ 101,000 ​ ​ ​ ​ ​ 89,435 ​ ​
Suburban Propane Partners LP/Suburban
Energy Finance Corp.
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 6/1/31
​ ​ ​ ​ 38,000 ​ ​ ​ ​ ​ 31,944 ​ ​
TerraForm Power Operating LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 1/31/28
​ ​ ​ ​ 59,000 ​ ​ ​ ​ ​ 54,655 ​ ​
Vistra Operations Co. LLC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.375%, due 5/1/29
​ ​ ​ ​ 44,000 ​ ​ ​ ​ ​ 37,632 ​ ​
5.000%, due 7/31/27
​ ​ ​ ​ 55,000 ​ ​ ​ ​ ​ 50,738 ​ ​
5.500%, due 9/1/26
​ ​ ​ ​ 85,000 ​ ​ ​ ​ ​ 81,600 ​ ​
5.625%, due 2/15/27
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 16,206 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 838,883 ​ ​
Total Corporate Bonds
(Cost $18,171,052)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​  16,617,101 ​ ​
Foreign Bonds — 6.1% ​
Consumer Discretionary — 1.2% ​
1011778 BC ULC / New Red Finance, Inc., (Canada)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.500%, due 2/15/29
​ ​ ​ ​ 43,000 ​ ​ ​ ​ ​ 36,013 ​ ​
3.875%, due 1/15/28
​ ​ ​ ​ 49,000 ​ ​ ​ ​ ​ 43,067 ​ ​
4.000%, due 10/15/30
​ ​ ​ ​ 124,000 ​ ​ ​ ​ ​ 101,215 ​ ​
4.375%, due 1/15/28
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 20,174 ​ ​
5.750%, due 4/15/25
​ ​ ​ ​ 23,000 ​ ​ ​ ​ ​ 22,914 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 223,383 ​ ​
Consumer Staples — 0.1% ​
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc., (Canada)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.000%, due 12/31/26
​ ​ ​ ​ 18,000 ​ ​ ​ ​ ​ 16,317 ​ ​
Energy — 1.2% ​
MEG Energy Corp., (Canada) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.875%, due 2/1/29
​ ​ ​ ​ 56,000 ​ ​ ​ ​ ​ 53,460 ​ ​
7.125%, due 2/1/27
​ ​ ​ ​ 17,000 ​ ​ ​ ​ ​ 17,298 ​ ​
Methanex Corp., (Canada) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.125%, due 10/15/27
​ ​ ​ ​ 51,000 ​ ​ ​ ​ ​ 46,512 ​ ​
​ ​ ​
Principal
Amount
​ ​
Value
​
Foreign Bonds (continued) ​
Energy (continued) ​
Parkland Corp., (Canada) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.625%, due 5/1/30
​ ​ ​ $ 76,000 ​ ​ ​ ​ $ 63,218 ​ ​
5.875%, due 7/15/27
​ ​ ​ ​ 34,000 ​ ​ ​ ​ ​ 31,945 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 212,433 ​ ​
Industrials — 1.0% ​
GFL Environmental, Inc., (Canada) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.500%, due 9/1/28
​ ​ ​ ​ 26,000 ​ ​ ​ ​ ​ 22,043 ​ ​
3.750%, due 8/1/25
​ ​ ​ ​ 32,000 ​ ​ ​ ​ ​ 30,240 ​ ​
4.000%, due 8/1/28
​ ​ ​ ​ 52,000 ​ ​ ​ ​ ​ 45,001 ​ ​
4.750%, due 6/15/29
​ ​ ​ ​ 48,000 ​ ​ ​ ​ ​ 41,836 ​ ​
5.125%, due 12/15/26
​ ​ ​ ​ 41,000 ​ ​ ​ ​ ​ 39,027 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 178,147 ​ ​
Information Technology — 0.6% ​
Open Text Corp., (Canada) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 2/15/28
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 21,398 ​ ​
Open Text Holdings, Inc., (Canada) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.125%, due 2/15/30
​ ​ ​ ​ 115,000 ​ ​ ​ ​ ​ 91,569 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 112,967 ​ ​
Materials — 0.6% ​
FMG Resources August 2006 Pty Ltd., (Australia)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.375%, due 4/1/31
​ ​ ​ ​ 48,000 ​ ​ ​ ​ ​ 38,150 ​ ​
4.500%, due 9/15/27
​ ​ ​ ​ 18,000 ​ ​ ​ ​ ​ 16,106 ​ ​
5.875%, due 4/15/30
​ ​ ​ ​ 45,000 ​ ​ ​ ​ ​ 40,379 ​ ​
Trivium Packaging Finance BV, (Netherlands)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
5.500%, due 8/15/26
​ ​ ​ ​ 27,000 ​ ​ ​ ​ ​ 24,832 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 119,467 ​ ​
Media — 0.4% ​
UPC Broadband Finco BV, (Netherlands)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.875%, due 7/15/31
​ ​ ​ ​ 59,000 ​ ​ ​ ​ ​ 49,544 ​ ​
Videotron Ltd., (Canada) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.625%, due 6/15/29(a)
​ ​ ​ ​ 25,000 ​ ​ ​ ​ ​ 21,052 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 70,596 ​ ​
Telecommunication Services — 0.7% ​
Virgin Media Secured Finance PLC, (United Kingdom)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.500%, due 8/15/30
​ ​ ​ ​ 39,000 ​ ​ ​ ​ ​ 32,227 ​ ​
Vmed O2 UK Financing I PLC,
(United Kingdom)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
4.250%, due 1/31/31
​ ​ ​ ​ 110,000 ​ ​ ​ ​ ​ 87,460 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 119,687 ​ ​
Transportation — 0.3% ​
Air Canada, (Canada) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
3.875%, due 8/15/26
​ ​ ​ ​ 70,000 ​ ​ ​ ​ ​ 61,937 ​ ​
Total Foreign Bonds
(Cost $1,234,081)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,114,934 ​ ​
​
​
See notes to financial statements.
48
TABLE OF CONTENTS
Schedule of Investments — IQ S&P High Yield Low Volatility Bond ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Principal
Amount
​ ​
Value
​
Short-Term Investments — 1.9% ​
Money Market Funds — 1.9% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 3.09%(b)
​ ​ ​ $ 274,447 ​ ​ ​ ​ $ 274,447 ​ ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(b)(c)
​ ​ ​ ​ 79,258 ​ ​ ​ ​ ​ 79,258 ​ ​
Total Short-Term Investments
(Cost $353,705)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 353,705 ​ ​
Total Investments — 99.6%
(Cost $19,758,838)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 18,085,740 ​ ​
Other Assets and Liabilities,
Net — 0.4%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 66,485 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 18,152,225 ​ ​
​
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $76,648; total market value of collateral held by the Fund was $79,258.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(d) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Corporate Bonds
​ ​ ​ $ — ​ ​ ​ ​ $ 16,617,101 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 16,617,101 ​ ​
Foreign Bonds
​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,114,934 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,114,934 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 353,705 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 353,705 ​ ​
Total Investments in Securities
​ ​ ​ $ 353,705 ​ ​ ​ ​ $ 17,732,035 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 18,085,740 ​ ​
​
(d)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
49​
TABLE OF CONTENTS​
Schedule of Investments — IQ Merger Arbitrage ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 73.7% ​
Communication Services — 6.6% ​
Activision Blizzard, Inc.
​ ​ ​ ​ 429,994 ​ ​ ​ ​ $ 31,303,563 ​ ​
Euromoney Institutional Investor PLC
​ ​ ​ ​ 341,517 ​ ​ ​ ​ ​ 5,693,588 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 36,997,151 ​ ​
Consumer Discretionary — 3.6% ​
Countryside Partnerships PLC*
​ ​ ​ ​ 475,280 ​ ​ ​ ​ ​ 1,163,370 ​ ​
Diamond Resorts International,
Inc.*(a)
​ ​ ​ ​ 47,422 ​ ​ ​ ​ ​ — ​ ​
iRobot Corp.*(b)
​ ​ ​ ​ 127,142 ​ ​ ​ ​ ​ 7,183,523 ​ ​
Tenneco, Inc., Class A*
​ ​ ​ ​ 601,608 ​ ​ ​ ​ ​ 11,851,678 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 20,198,571 ​ ​
Consumer Staples — 1.1% ​
Swedish Match AB
​ ​ ​ ​ 520,355 ​ ​ ​ ​ ​ 5,349,314 ​ ​
Tassal Group Ltd.
​ ​ ​ ​ 303,402 ​ ​ ​ ​ ​ 1,006,917 ​ ​
Total Consumer Staples
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,356,231 ​ ​
Energy — 1.0% ​
Brigham Minerals, Inc., Class A
​ ​ ​ ​ 84,622 ​ ​ ​ ​ ​ 2,623,282 ​ ​
Euronav NV
​ ​ ​ ​ 177,915 ​ ​ ​ ​ ​ 3,100,091 ​ ​
Total Energy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,723,373 ​ ​
Financials — 4.6% ​
Cowen, Inc., Class A
​ ​ ​ ​ 99,985 ​ ​ ​ ​ ​ 3,861,421 ​ ​
First Horizon Corp.
​ ​ ​ ​ 706,303 ​ ​ ​ ​ ​ 17,311,486 ​ ​
Lakeland Bancorp, Inc.
​ ​ ​ ​ 251,819 ​ ​ ​ ​ ​ 4,696,424 ​ ​
Total Financials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 25,869,331 ​ ​
Health Care — 14.6% ​
1Life Healthcare, Inc.*
​ ​ ​ ​ 2,083,494 ​ ​ ​ ​ ​ 35,627,747 ​ ​
Aerie Pharmaceuticals, Inc.*
​ ​ ​ ​ 463,978 ​ ​ ​ ​ ​ 7,061,745 ​ ​
EMIS Group PLC
​ ​ ​ ​ 152,148 ​ ​ ​ ​ ​ 3,254,746 ​ ​
Epizyme, Inc.*(a)
​ ​ ​ ​ 1,957,185 ​ ​ ​ ​ ​ 39,144 ​ ​
LHC Group, Inc.*
​ ​ ​ ​ 66,497 ​ ​ ​ ​ ​ 11,111,649 ​ ​
Meridian Bioscience, Inc.*
​ ​ ​ ​ 120,769 ​ ​ ​ ​ ​ 3,860,985 ​ ​
Radius Health, Inc.*(a)
​ ​ ​ ​ 177,390 ​ ​ ​ ​ ​ — ​ ​
Signify Health, Inc., Class A*
​ ​ ​ ​ 703,882 ​ ​ ​ ​ ​ 20,574,471 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 81,530,487 ​ ​
Industrials — 7.2% ​
Atlantia SpA
​ ​ ​ ​ 550,991 ​ ​ ​ ​ ​ 12,296,402 ​ ​
Atlas Air Worldwide Holdings, Inc.*
​ ​ ​ ​ 145,372 ​ ​ ​ ​ ​ 14,702,924 ​ ​
Hitachi Transport System Ltd.
​ ​ ​ ​ 67,384 ​ ​ ​ ​ ​ 4,030,301 ​ ​
HomeServe PLC
​ ​ ​ ​ 431,818 ​ ​ ​ ​ ​ 5,896,450 ​ ​
Kito Corp.
​ ​ ​ ​ 88,677 ​ ​ ​ ​ ​ 1,620,987 ​ ​
Toyo Construction Co., Ltd.
​ ​ ​ ​ 311,736 ​ ​ ​ ​ ​ 1,885,496 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 40,432,560 ​ ​
Information Technology — 24.2% ​
Black Knight, Inc.*
​ ​ ​ ​ 163,089 ​ ​ ​ ​ ​ 9,861,992 ​ ​
BTRS Holdings, Inc., Class 1*
​ ​ ​ ​ 248,988 ​ ​ ​ ​ ​ 2,350,447 ​ ​
ChannelAdvisor Corp.*
​ ​ ​ ​ 125,159 ​ ​ ​ ​ ​ 2,883,663 ​ ​
CyberOptics Corp.*
​ ​ ​ ​ 23,915 ​ ​ ​ ​ ​ 1,290,693 ​ ​
Evo Payments, Inc., Class A*
​ ​ ​ ​ 149,418 ​ ​ ​ ​ ​ 5,033,892 ​ ​
ironSource Ltd.*
​ ​ ​ ​ 2,323,032 ​ ​ ​ ​ ​ 7,503,393 ​ ​
Micro Focus International PLC
​ ​ ​ ​ 298,149 ​ ​ ​ ​ ​ 1,784,328 ​ ​
MoneyGram International, Inc.*
​ ​ ​ ​ 549,269 ​ ​ ​ ​ ​ 5,816,759 ​ ​
Nearmap Ltd.*
​ ​ ​ ​ 661,664 ​ ​ ​ ​ ​ 871,590 ​ ​
Rogers Corp.*
​ ​ ​ ​ 51,050 ​ ​ ​ ​ ​ 12,013,597 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Information Technology (continued) ​
Switch, Inc., Class A
​ ​ ​ ​ 410,033 ​ ​ ​ ​ $ 13,961,624 ​ ​
Tower Semiconductor Ltd.*
​ ​ ​ ​ 119,409 ​ ​ ​ ​ ​ 5,105,929 ​ ​
VMware, Inc., Class A
​ ​ ​ ​ 220,029 ​ ​ ​ ​ ​ 24,759,863 ​ ​
Zendesk, Inc.*
​ ​ ​ ​ 544,456 ​ ​ ​ ​ ​ 41,754,331 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 134,992,101 ​ ​
Materials — 1.3% ​
Resolute Forest Products, Inc.*
​ ​ ​ ​ 272,945 ​ ​ ​ ​ ​ 5,679,985 ​ ​
Yamana Gold, Inc.
​ ​ ​ ​ 325,268 ​ ​ ​ ​ ​ 1,425,976 ​ ​
Total Materials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,105,961 ​ ​
Real Estate — 8.5% ​
iStar, Inc.
​ ​ ​ ​ 388,983 ​ ​ ​ ​ ​ 4,076,542 ​ ​
Raysum Co., Ltd.
​ ​ ​ ​ 96,851 ​ ​ ​ ​ ​ 1,047,777 ​ ​
STORE Capital Corp.
​ ​ ​ ​ 1,322,472 ​ ​ ​ ​ ​ 42,054,610 ​ ​
Total Real Estate
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 47,178,929 ​ ​
Utilities — 1.0% ​
South Jersey Industries, Inc.
​ ​ ​ ​ 157,801 ​ ​ ​ ​ ​ 5,470,961 ​ ​
Total Common Stocks ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $422,552,324)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 411,855,656 ​ ​
Investment Companies — 7.2% ​
U.S. Ultra Short Term Bond Funds — 7.2% ​
iShares Short Treasury Bond ETF(b)
​ ​ ​ ​ 183,710 ​ ​ ​ ​ ​ 20,202,589 ​ ​
SPDR Bloomberg 1-3 Month T-Bill ETF
​ ​ ​ ​ 220,661 ​ ​ ​ ​ ​ 20,210,341 ​ ​
Total U.S. Ultra Short Term Bond
Funds
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 40,412,930 ​ ​
Total Investment Companies ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $40,393,775)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 40,412,930 ​ ​
Rights — 0.0%(c) ​
Health Care — 0.0%(c) ​
Supernus Pharmaceuticals, Inc., expires 12/31/24*(a)
​ ​ ​ ​ 333,265 ​ ​ ​ ​ ​ 19,996 ​ ​
Supernus Pharmaceuticals, Inc., expires 12/31/25*(a)
​ ​ ​ ​ 333,265 ​ ​ ​ ​ ​ 19,996 ​ ​
Total Rights ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $0)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 39,992 ​ ​
Short-Term Investments — 21.1% ​
Money Market Funds — 21.1% ​
Dreyfus Government Cash Management Fund, Institutional Shares, 2.91%(d)(e)
​ ​ ​ ​ 13,105,735 ​ ​ ​ ​ ​ 13,105,735 ​ ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(d)
​ ​ ​ ​ 104,859,175 ​ ​ ​ ​ ​ 104,859,175 ​ ​
Total Short-Term Investments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $117,964,910)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 117,964,910 ​ ​
Total Investments — 102.0% ​
(Cost $580,911,009)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 570,273,488 ​ ​
Other Assets and Liabilities,
Net — (2.0)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (11,384,796) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 558,924,692 ​ ​
​
​
See notes to financial statements.
50
TABLE OF CONTENTS
Schedule of Investments — IQ Merger Arbitrage ETF (continued)
​
October 31, 2022 (unaudited)
​
*
Non-income producing securities.
​
(a)
Securities are fair valued as determined in good faith in accordance with the procedures established by the Board of Trustees. The securities are fair valued using significant unobservable inputs.
​
(b)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan
​
was $13,278,540; total market value of collateral held by the Fund was $13,550,737. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of  $445,002.
(c)
Less than 0.05%.
​
(d)
Reflects the 1-day yield at October 31, 2022.
​
(e)
Represents security purchased with cash collateral received for securities on loan.
​
​
Total Return Swap contracts outstanding at October 31, 2022: 
​
Total Return Benchmark
​ ​
Counterparty
​ ​
Floating
Rate(f)
​ ​
Expiration
Date
​ ​
Payment
Frequency
​ ​
Notional
Amount
Long/​
(Short)
​ ​
Value/​
Unrealized
Appreciation/​
(Depreciation)(g)
​
iShares Expanded Tech-Software Sector ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.00%
​ ​ ​ ​ 2/03/2023 ​ ​ ​
Monthly
​ ​ ​ $ (4,233,967) ​ ​ ​ ​ $ — ​ ​
iShares Expanded Tech-Software Sector ETF
​ ​
Merrill Lynch
​ ​
1-Day-FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (4,233,967) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Emerging Markets ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.35%
​ ​ ​ ​ 2/03/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (715,904) ​ ​ ​ ​ ​ — ​ ​
iShares MSCI Emerging Markets ETF
​ ​
Merrill Lynch
​ ​
1-Day-FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (715,904) ​ ​ ​ ​ ​ — ​ ​
iShares Semiconductor ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
2.53%
​ ​ ​ ​ 2/03/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (11,515,929) ​ ​ ​ ​ ​ — ​ ​
iShares U.S. Financial Services ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.83%
​ ​ ​ ​ 2/03/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,186,095) ​ ​ ​ ​ ​ — ​ ​
iShares U.S. Financial Services ETF
​ ​
Merrill Lynch
​ ​
1-Day-FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,186,095) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Oil & Gas Exploration & Production ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
1.63%
​ ​ ​ ​ 2/03/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,931,395) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Oil & Gas Exploration & Production ETF
​ ​
Merrill Lynch
​ ​
1-Day-FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,931,395) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Regional Banking ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.75%
​ ​ ​ ​ 2/03/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,168,545) ​ ​ ​ ​ ​ — ​ ​
SPDR S&P Regional Banking ETF
​ ​
Merrill Lynch
​ ​
1-Day-FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (2,168,545) ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Europe ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF
​ ​ ​ ​ 2/03/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (420,686) ​ ​ ​ ​ ​ — ​ ​
Vanguard FTSE Europe ETF
​ ​
Merrill Lynch
​ ​
1-Day-FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (420,686) ​ ​ ​ ​ ​ — ​ ​
Vanguard Real Estate ETF
​ ​
Morgan Stanley
​ ​
1-Day FEDEF – 
0.15%
​ ​ ​ ​ 2/03/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,846,388) ​ ​ ​ ​ ​ — ​ ​
Vanguard Real Estate ETF
​ ​
Merrill Lynch
​ ​
1-Day-FEDEF
​ ​ ​ ​ 2/28/2023 ​ ​ ​
Monthly
​ ​ ​ ​ (1,846,388) ​ ​ ​ ​ ​ — ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $     — ​ ​
At October 31, 2022 there was no collateral held or posted. The Fund either receives fees from, or pays to the counterparty, the total return of the benchmark and the agreed-upon financing rate.
​
(f)
Portfolio pays or receives the floating rate and receives or pays the total return of the reference rate entity.
​
(g)
Reflects the value at reset date of October 31, 2022.
​
Abbreviation
FEDEF  — Federal Funds Effective Rate
See notes to financial statements.
51​
TABLE OF CONTENTS
Schedule of Investments — IQ Merger Arbitrage ETF (continued)
​
October 31, 2022 (unaudited)
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 411,816,512 ​ ​ ​ ​ $ — ​ ​ ​ ​ $    39,144(i) ​ ​ ​ ​ $ 411,855,656 ​ ​
Investment Companies
​ ​ ​ ​ 40,412,930 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 40,412,930 ​ ​
Rights
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 39,992(i) ​ ​ ​ ​ ​ 39,992 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 117,964,910 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 117,964,910 ​ ​
Total Investments in Securities
​ ​ ​ ​ 570,194,352 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 79,136 ​ ​ ​ ​ ​ 570,273,488 ​ ​
Other Financial Instruments:(i) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Total Investments in Securities and Other Financial Instruments
​ ​ ​ $ 570,194,352 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 79,136 ​ ​ ​ ​ $ 570,273,488 ​ ​
Liability Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Description ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Other Financial Instruments:(j) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap Contracts
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
(h)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
(i)
The Level 3 securities, valued in total at $79,136, have been fair valued in good faith in accordance with procedures established by the Board of Trustees.
​
(j)
Reflects the unrealized appreciation (depreciation) of the instruments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
A summary of the Fund’s transactions with any affiliated fund during the period ended October 31, 2022 is as follows:
Affiliated Holdings
​ ​ ​
Shares at
04/30/2022
​ ​
Value
($) at
04/30/2022
​ ​
Purchases
Cost
($)
​ ​
Sales
Proceeds
($)
​ ​
Net
Realized
Gain/(Loss)
($)
​ ​
Net
Change in
Unrealized
Appreciation/​
(Depreciation)
($)
​ ​
Income
Distributions
($)
​ ​
Capital
Gain
Distributions
($)
​ ​
Shares at
10/31/2022
​ ​
Value
($) at
10/31/2022
​
IQ Ultra
Short
Duration
ETF
​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 48 ​ ​ ​ ​ ​ 4,302,697 ​ ​ ​ ​ ​ (4,275,965) ​ ​ ​ ​ ​ (26,780) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 14,616 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
For more information on the determination, please refer to Note 6.
See notes to financial statements.
52
TABLE OF CONTENTS​
Schedule of Investments — IQ Global Resources ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.5% ​
Australia — 12.3% ​
Australian Agricultural Co., Ltd.*
​ ​ ​ ​ 10,300 ​ ​ ​ ​ $ 11,526 ​ ​
BHP Group Ltd.
​ ​ ​ ​ 57,720 ​ ​ ​ ​ ​ 1,378,926 ​ ​
Evolution Mining Ltd.
​ ​ ​ ​ 20,903 ​ ​ ​ ​ ​ 27,802 ​ ​
Fortescue Metals Group Ltd.
​ ​ ​ ​ 35,085 ​ ​ ​ ​ ​ 329,797 ​ ​
Glencore PLC
​ ​ ​ ​ 150,044 ​ ​ ​ ​ ​ 862,898 ​ ​
Gold Road Resources Ltd.
​ ​ ​ ​ 10,061 ​ ​ ​ ​ ​ 8,717 ​ ​
IGO Ltd.
​ ​ ​ ​ 8,631 ​ ​ ​ ​ ​ 84,387 ​ ​
Iluka Resources Ltd.
​ ​ ​ ​ 4,820 ​ ​ ​ ​ ​ 26,661 ​ ​
Inghams Group Ltd.
​ ​ ​ ​ 6,345 ​ ​ ​ ​ ​ 10,265 ​ ​
Mineral Resources Ltd.
​ ​ ​ ​ 2,145 ​ ​ ​ ​ ​ 100,307 ​ ​
Newcrest Mining Ltd.
​ ​ ​ ​ 10,160 ​ ​ ​ ​ ​ 112,720 ​ ​
Northern Star Resources Ltd.
​ ​ ​ ​ 13,266 ​ ​ ​ ​ ​ 74,141 ​ ​
OceanaGold Corp.*
​ ​ ​ ​ 8,062 ​ ​ ​ ​ ​ 11,703 ​ ​
OZ Minerals Ltd.
​ ​ ​ ​ 3,817 ​ ​ ​ ​ ​ 58,994 ​ ​
Perseus Mining Ltd.
​ ​ ​ ​ 14,072 ​ ​ ​ ​ ​ 16,422 ​ ​
Ramelius Resources Ltd.
​ ​ ​ ​ 9,891 ​ ​ ​ ​ ​ 4,649 ​ ​
Regis Resources Ltd.
​ ​ ​ ​ 8,607 ​ ​ ​ ​ ​ 8,393 ​ ​
Rio Tinto PLC
​ ​ ​ ​ 18,572 ​ ​ ​ ​ ​ 970,136 ​ ​
Silver Lake Resources Ltd.*
​ ​ ​ ​ 10,608 ​ ​ ​ ​ ​ 7,529 ​ ​
South32 Ltd.
​ ​ ​ ​ 52,863 ​ ​ ​ ​ ​ 121,692 ​ ​
Woodside Energy Group Ltd.
​ ​ ​ ​ 11,036 ​ ​ ​ ​ ​ 253,910 ​ ​
Total Australia
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,481,575 ​ ​
Austria — 0.3% ​
OMV AG
​ ​ ​ ​ 1,271 ​ ​ ​ ​ ​ 58,589 ​ ​
voestalpine AG
​ ​ ​ ​ 2,048 ​ ​ ​ ​ ​ 44,490 ​ ​
Total Austria
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 103,079 ​ ​
Brazil — 1.0% ​
Wheaton Precious Metals Corp.
​ ​ ​ ​ 5,162 ​ ​ ​ ​ ​ 168,667 ​ ​
Yara International ASA
​ ​ ​ ​ 4,351 ​ ​ ​ ​ ​ 194,180 ​ ​
Total Brazil
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 362,847 ​ ​
Burkina Faso — 0.2% ​
Endeavour Mining PLC
​ ​ ​ ​ 2,851 ​ ​ ​ ​ ​ 49,762 ​ ​
IAMGOLD Corp.*
​ ​ ​ ​ 5,460 ​ ​ ​ ​ ​ 8,006 ​ ​
Total Burkina Faso
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 57,768 ​ ​
Canada — 8.6% ​
Agnico Eagle Mines Ltd.
​ ​ ​ ​ 2,781 ​ ​ ​ ​ ​ 122,184 ​ ​
Alamos Gold, Inc., Class A
​ ​ ​ ​ 4,486 ​ ​ ​ ​ ​ 35,354 ​ ​
B2Gold Corp.
​ ​ ​ ​ 12,097 ​ ​ ​ ​ ​ 36,893 ​ ​
Barrick Gold Corp.
​ ​ ​ ​ 20,369 ​ ​ ​ ​ ​ 305,972 ​ ​
Canadian Natural Resources Ltd.
​ ​ ​ ​ 4,509 ​ ​ ​ ​ ​ 270,100 ​ ​
Canfor Corp.*
​ ​ ​ ​ 2,222 ​ ​ ​ ​ ​ 33,345 ​ ​
Cenovus Energy, Inc.(a)
​ ​ ​ ​ 7,691 ​ ​ ​ ​ ​ 155,280 ​ ​
Dundee Precious Metals, Inc.
​ ​ ​ ​ 2,186 ​ ​ ​ ​ ​ 9,904 ​ ​
Enbridge, Inc.
​ ​ ​ ​ 7,857 ​ ​ ​ ​ ​ 305,744 ​ ​
Equinox Gold Corp.*
​ ​ ​ ​ 3,467 ​ ​ ​ ​ ​ 11,412 ​ ​
First Majestic Silver Corp.
​ ​ ​ ​ 2,979 ​ ​ ​ ​ ​ 25,028 ​ ​
Imperial Oil Ltd.
​ ​ ​ ​ 2,596 ​ ​ ​ ​ ​ 141,043 ​ ​
K92 Mining, Inc.*
​ ​ ​ ​ 2,547 ​ ​ ​ ​ ​ 11,558 ​ ​
Kinross Gold Corp.
​ ​ ​ ​ 14,809 ​ ​ ​ ​ ​ 53,632 ​ ​
Lundin Gold, Inc.
​ ​ ​ ​ 2,672 ​ ​ ​ ​ ​ 19,275 ​ ​
Maple Leaf Foods, Inc.
​ ​ ​ ​ 2,142 ​ ​ ​ ​ ​ 31,705 ​ ​
New Gold, Inc.*
​ ​ ​ ​ 7,798 ​ ​ ​ ​ ​ 7,032 ​ ​
Nutrien Ltd.
​ ​ ​ ​ 9,461 ​ ​ ​ ​ ​ 798,399 ​ ​
Osisko Gold Royalties Ltd.
​ ​ ​ ​ 1,903 ​ ​ ​ ​ ​ 20,382 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Canada (continued) ​
Pan American Silver Corp.
​ ​ ​ ​ 2,410 ​ ​ ​ ​ $ 38,428 ​ ​
Pembina Pipeline Corp.
​ ​ ​ ​ 2,135 ​ ​ ​ ​ ​ 70,402 ​ ​
Sandstorm Gold Ltd.
​ ​ ​ ​ 2,196 ​ ​ ​ ​ ​ 10,802 ​ ​
SSR Mining, Inc.
​ ​ ​ ​ 2,432 ​ ​ ​ ​ ​ 33,448 ​ ​
Suncor Energy, Inc.
​ ​ ​ ​ 5,551 ​ ​ ​ ​ ​ 190,697 ​ ​
TC Energy Corp.
​ ​ ​ ​ 3,806 ​ ​ ​ ​ ​ 166,967 ​ ​
Torex Gold Resources, Inc.*
​ ​ ​ ​ 982 ​ ​ ​ ​ ​ 6,681 ​ ​
Wesdome Gold Mines Ltd.*
​ ​ ​ ​ 1,624 ​ ​ ​ ​ ​ 9,727 ​ ​
West Fraser Timber Co., Ltd.
​ ​ ​ ​ 1,886 ​ ​ ​ ​ ​ 141,431 ​ ​
Yamana Gold, Inc.
​ ​ ​ ​ 10,988 ​ ​ ​ ​ ​ 48,171 ​ ​
Total Canada
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,110,996 ​ ​
Chile — 0.5% ​
Antofagasta PLC
​ ​ ​ ​ 11,308 ​ ​ ​ ​ ​ 153,043 ​ ​
Lundin Mining Corp.
​ ​ ​ ​ 8,423 ​ ​ ​ ​ ​ 44,090 ​ ​
Total Chile
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 197,133 ​ ​
China — 3.8% ​
China Hongqiao Group Ltd.
​ ​ ​ ​ 105,918 ​ ​ ​ ​ ​ 75,156 ​ ​
China Petroleum & Chemical Corp., Class H
​ ​ ​ ​ 469,521 ​ ​ ​ ​ ​ 185,419 ​ ​
CMOC Group Ltd., Class H
​ ​ ​ ​ 245,516 ​ ​ ​ ​ ​ 79,130 ​ ​
COFCO Joycome Foods Ltd.*
​ ​ ​ ​ 66,950 ​ ​ ​ ​ ​ 14,073 ​ ​
Dali Foods Group Co., Ltd.
​ ​ ​ ​ 234,962 ​ ​ ​ ​ ​ 96,680 ​ ​
Guangdong Investment Ltd.
​ ​ ​ ​ 57,292 ​ ​ ​ ​ ​ 36,128 ​ ​
MMG Ltd.*
​ ​ ​ ​ 98,880 ​ ​ ​ ​ ​ 19,524 ​ ​
PetroChina Co., Ltd., Class H
​ ​ ​ ​ 709,765 ​ ​ ​ ​ ​ 271,253 ​ ​
Southern Energy Holdings Group Ltd.*(b)
​ ​ ​ ​ 53,183 ​ ​ ​ ​ ​ — ​ ​
Wilmar International Ltd.
​ ​ ​ ​ 107,912 ​ ​ ​ ​ ​ 295,879 ​ ​
Zhaojin Mining Industry Co., Ltd.,
Class H*
 ​ ​ ​ ​ 37,431 ​ ​ ​ ​ ​ 30,899 ​ ​
Zijin Mining Group Co., Ltd., Class H
​ ​ ​ ​ 300,223 ​ ​ ​ ​ ​ 286,843 ​ ​
Total China
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,390,984 ​ ​
Denmark — 0.3% ​
Chr Hansen Holding A/S
​ ​ ​ ​ 2,263 ​ ​ ​ ​ ​ 125,700 ​ ​
Egypt — 0.0%(c) ​
Centamin PLC
​ ​ ​ ​ 13,238 ​ ​ ​ ​ ​ 13,522 ​ ​
Finland — 2.1% ​
Metso Outotec OYJ
​ ​ ​ ​ 9,493 ​ ​ ​ ​ ​ 72,075 ​ ​
Neste OYJ
​ ​ ​ ​ 2,984 ​ ​ ​ ​ ​ 130,769 ​ ​
Stora Enso OYJ, Class R
​ ​ ​ ​ 14,094 ​ ​ ​ ​ ​ 183,734 ​ ​
UPM-Kymmene OYJ
​ ​ ​ ​ 9,533 ​ ​ ​ ​ ​ 319,497 ​ ​
Valmet OYJ(a)
​ ​ ​ ​ 2,671 ​ ​ ​ ​ ​ 60,796 ​ ​
Total Finland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 766,871 ​ ​
France — 1.9% ​
TotalEnergies SE
​ ​ ​ ​ 10,007 ​ ​ ​ ​ ​ 544,961 ​ ​
Veolia Environnement SA
​ ​ ​ ​ 6,032 ​ ​ ​ ​ ​ 134,675 ​ ​
Total France
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 679,636 ​ ​
Germany — 0.2% ​
Aurubis AG
​ ​ ​ ​ 500 ​ ​ ​ ​ ​ 31,588 ​ ​
Suedzucker AG
​ ​ ​ ​ 3,510 ​ ​ ​ ​ ​ 44,751 ​ ​
Uniper SE(a)
​ ​ ​ ​ 1,422 ​ ​ ​ ​ ​ 4,261 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 80,600 ​ ​
​
​
See notes to financial statements.
53​
TABLE OF CONTENTS
Schedule of Investments — IQ Global Resources ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Hong Kong — 0.1% ​
Vitasoy International Holdings Ltd.*(a)
​ ​ ​ ​ 18,358 ​ ​ ​ ​ $ 31,338 ​ ​
Indonesia — 0.2% ​
Golden Agri-Resources Ltd.
​ ​ ​ ​ 217,577 ​ ​ ​ ​ ​ 44,589 ​ ​
Nickel Industries Ltd.
​ ​ ​ ​ 29,913 ​ ​ ​ ​ ​ 13,963 ​ ​
Total Indonesia
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 58,552 ​ ​
Ireland — 0.7% ​
Kerry Group PLC, Class A
​ ​ ​ ​ 3,039 ​ ​ ​ ​ ​ 264,316 ​ ​
Italy — 0.6% ​
Eni SpA
​ ​ ​ ​ 13,879 ​ ​ ​ ​ ​ 181,809 ​ ​
Interpump Group SpA
​ ​ ​ ​ 934 ​ ​ ​ ​ ​ 36,168 ​ ​
Total Italy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 217,977 ​ ​
Japan — 3.1% ​
Ajinomoto Co., Inc.
​ ​ ​ ​ 9,231 ​ ​ ​ ​ ​ 254,383 ​ ​
Itoham Yonekyu Holdings, Inc.
​ ​ ​ ​ 5,006 ​ ​ ​ ​ ​ 22,397 ​ ​
JFE Holdings, Inc.
​ ​ ​ ​ 6,588 ​ ​ ​ ​ ​ 60,413 ​ ​
Kagome Co., Ltd.
​ ​ ​ ​ 1,519 ​ ​ ​ ​ ​ 30,393 ​ ​
Kewpie Corp.
​ ​ ​ ​ 2,385 ​ ​ ​ ​ ​ 37,692 ​ ​
Kikkoman Corp.
​ ​ ​ ​ 3,286 ​ ​ ​ ​ ​ 178,631 ​ ​
NH Foods Ltd.
​ ​ ​ ​ 1,754 ​ ​ ​ ​ ​ 41,833 ​ ​
Nichirei Corp.
​ ​ ​ ​ 2,238 ​ ​ ​ ​ ​ 34,842 ​ ​
Nippon Steel Corp.
​ ​ ​ ​ 10,536 ​ ​ ​ ​ ​ 144,783 ​ ​
Nisshin Seifun Group, Inc.
​ ​ ​ ​ 5,101 ​ ​ ​ ​ ​ 55,185 ​ ​
Oji Holdings Corp.
​ ​ ​ ​ 17,669 ​ ​ ​ ​ ​ 61,340 ​ ​
Prima Meat Packers Ltd.
​ ​ ​ ​ 861 ​ ​ ​ ​ ​ 11,394 ​ ​
S Foods, Inc.
​ ​ ​ ​ 542 ​ ​ ​ ​ ​ 9,937 ​ ​
Sumitomo Metal Mining Co., Ltd.
​ ​ ​ ​ 3,145 ​ ​ ​ ​ ​ 88,488 ​ ​
Toyo Suisan Kaisha Ltd.
​ ​ ​ ​ 1,751 ​ ​ ​ ​ ​ 65,735 ​ ​
Yamazaki Baking Co., Ltd.
​ ​ ​ ​ 3,652 ​ ​ ​ ​ ​ 37,224 ​ ​
Total Japan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,134,670 ​ ​
Kyrgyzstan — 0.0%(c) ​
Centerra Gold, Inc.
​ ​ ​ ​ 3,402 ​ ​ ​ ​ ​ 15,787 ​ ​
Luxembourg — 0.6% ​
ArcelorMittal SA
​ ​ ​ ​ 10,444 ​ ​ ​ ​ ​ 233,852 ​ ​
Mexico — 0.2% ​
Fresnillo PLC
​ ​ ​ ​ 8,453 ​ ​ ​ ​ ​ 70,949 ​ ​
Mongolia — 0.1% ​
Turquoise Hill Resources Ltd.*
​ ​ ​ ​ 1,706 ​ ​ ​ ​ ​ 47,976 ​ ​
Netherlands — 2.6% ​
OCI NV
​ ​ ​ ​ 3,614 ​ ​ ​ ​ ​ 138,303 ​ ​
Shell PLC
​ ​ ​ ​ 29,427 ​ ​ ​ ​ ​ 814,490 ​ ​
Total Netherlands
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 952,793 ​ ​
New Zealand — 0.1% ​
Fletcher Building Ltd.
​ ​ ​ ​ 14,228 ​ ​ ​ ​ ​ 42,486 ​ ​
Norway — 1.7% ​
Equinor ASA
​ ​ ​ ​ 12,437 ​ ​ ​ ​ ​ 454,985 ​ ​
Norsk Hydro ASA
​ ​ ​ ​ 23,374 ​ ​ ​ ​ ​ 148,335 ​ ​
Total Norway
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 603,320 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Peru — 1.2% ​
Hochschild Mining PLC
​ ​ ​ ​ 5,895 ​ ​ ​ ​ $ 3,621 ​ ​
Southern Copper Corp.(a)
​ ​ ​ ​ 8,847 ​ ​ ​ ​ ​ 415,544 ​ ​
Total Peru
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 419,165 ​ ​
Singapore — 0.2% ​
Olam Group Ltd.
​ ​ ​ ​ 64,811 ​ ​ ​ ​ ​ 61,372 ​ ​
South Africa — 1.3% ​
Anglo American PLC
​ ​ ​ ​ 15,342 ​ ​ ​ ​ ​ 460,763 ​ ​
Spain — 0.4% ​
Befesa SA
​ ​ ​ ​ 459 ​ ​ ​ ​ ​ 15,941 ​ ​
Ebro Foods SA
​ ​ ​ ​ 2,644 ​ ​ ​ ​ ​ 41,236 ​ ​
Repsol SA
​ ​ ​ ​ 5,685 ​ ​ ​ ​ ​ 77,230 ​ ​
Total Spain
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 134,407 ​ ​
Sweden — 0.7% ​
AAK AB
​ ​ ​ ​ 4,448 ​ ​ ​ ​ ​ 64,806 ​ ​
Boliden AB
​ ​ ​ ​ 3,138 ​ ​ ​ ​ ​ 91,325 ​ ​
Holmen AB, B Shares
​ ​ ​ ​ 2,895 ​ ​ ​ ​ ​ 104,949 ​ ​
Total Sweden
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 261,080 ​ ​
Switzerland — 0.1% ​
Bell Food Group AG
​ ​ ​ ​ 107 ​ ​ ​ ​ ​ 26,088 ​ ​
Turkey — 0.0%(c) ​
Eldorado Gold Corp.*
​ ​ ​ ​ 2,092 ​ ​ ​ ​ ​ 11,671 ​ ​
Ukraine — 0.0%(c) ​
Ferrexpo PLC
​ ​ ​ ​ 6,742 ​ ​ ​ ​ ​ 7,925 ​ ​
United Kingdom — 2.7% ​
Associated British Foods PLC
​ ​ ​ ​ 13,587 ​ ​ ​ ​ ​ 211,106 ​ ​
BP PLC
​ ​ ​ ​ 75,324 ​ ​ ​ ​ ​ 416,101 ​ ​
Cranswick PLC
​ ​ ​ ​ 912 ​ ​ ​ ​ ​ 31,228 ​ ​
Greggs PLC
​ ​ ​ ​ 1,746 ​ ​ ​ ​ ​ 40,567 ​ ​
Severn Trent PLC
​ ​ ​ ​ 2,198 ​ ​ ​ ​ ​ 63,342 ​ ​
Spirax-Sarco Engineering PLC
​ ​ ​ ​ 646 ​ ​ ​ ​ ​ 79,955 ​ ​
Tate & Lyle PLC
​ ​ ​ ​ 6,846 ​ ​ ​ ​ ​ 55,254 ​ ​
United Utilities Group PLC
​ ​ ​ ​ 5,988 ​ ​ ​ ​ ​ 64,765 ​ ​
Total United Kingdom
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 962,318 ​ ​
United States — 51.3% ​
Alcoa Corp.
​ ​ ​ ​ 2,110 ​ ​ ​ ​ ​ 82,353 ​ ​
American Water Works Co., Inc.
​ ​ ​ ​ 1,592 ​ ​ ​ ​ ​ 231,381 ​ ​
Archer-Daniels-Midland Co.
​ ​ ​ ​ 9,644 ​ ​ ​ ​ ​ 935,275 ​ ​
Armstrong World Industries, Inc.
​ ​ ​ ​ 839 ​ ​ ​ ​ ​ 63,403 ​ ​
ATI, Inc.*
​ ​ ​ ​ 1,458 ​ ​ ​ ​ ​ 43,390 ​ ​
B&G Foods, Inc.(a)
​ ​ ​ ​ 1,176 ​ ​ ​ ​ ​ 19,263 ​ ​
Baker Hughes Co.
​ ​ ​ ​ 3,697 ​ ​ ​ ​ ​ 102,259 ​ ​
Boise Cascade Co.
​ ​ ​ ​ 701 ​ ​ ​ ​ ​ 46,806 ​ ​
Builders FirstSource, Inc.*
​ ​ ​ ​ 3,153 ​ ​ ​ ​ ​ 194,414 ​ ​
Bunge Ltd.
​ ​ ​ ​ 2,448 ​ ​ ​ ​ ​ 241,618 ​ ​
Campbell Soup Co.
​ ​ ​ ​ 5,175 ​ ​ ​ ​ ​ 273,809 ​ ​
Cheniere Energy, Inc.
​ ​ ​ ​ 987 ​ ​ ​ ​ ​ 174,117 ​ ​
Chevron Corp.
​ ​ ​ ​ 7,551 ​ ​ ​ ​ ​ 1,365,976 ​ ​
Cleveland-Cliffs, Inc.*(a)
​ ​ ​ ​ 6,001 ​ ​ ​ ​ ​ 77,953 ​ ​
Coeur Mining, Inc.*
​ ​ ​ ​ 2,939 ​ ​ ​ ​ ​ 11,109 ​ ​
​
See notes to financial statements.
54
TABLE OF CONTENTS
Schedule of Investments — IQ Global Resources ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United States (continued) ​
Commercial Metals Co.
​ ​ ​ ​ 1,390 ​ ​ ​ ​ $ 63,245 ​ ​
Conagra Brands, Inc.
​ ​ ​ ​ 8,229 ​ ​ ​ ​ ​ 302,004 ​ ​
ConocoPhillips
​ ​ ​ ​ 5,024 ​ ​ ​ ​ ​ 633,476 ​ ​
Continental Resources, Inc.
​ ​ ​ ​ 1,412 ​ ​ ​ ​ ​ 104,446 ​ ​
Coterra Energy, Inc.
​ ​ ​ ​ 3,145 ​ ​ ​ ​ ​ 97,904 ​ ​
Devon Energy Corp.
​ ​ ​ ​ 2,576 ​ ​ ​ ​ ​ 199,254 ​ ​
Diamondback Energy, Inc.
​ ​ ​ ​ 688 ​ ​ ​ ​ ​ 108,092 ​ ​
Dover Corp.
​ ​ ​ ​ 1,263 ​ ​ ​ ​ ​ 165,061 ​ ​
Ecolab, Inc.
​ ​ ​ ​ 2,507 ​ ​ ​ ​ ​ 393,775 ​ ​
EOG Resources, Inc.
​ ​ ​ ​ 2,270 ​ ​ ​ ​ ​ 309,900 ​ ​
Essential Utilities, Inc.
​ ​ ​ ​ 2,216 ​ ​ ​ ​ ​ 97,992 ​ ​
Exxon Mobil Corp.
​ ​ ​ ​ 16,414 ​ ​ ​ ​ ​ 1,818,835 ​ ​
Flowers Foods, Inc.
​ ​ ​ ​ 3,628 ​ ​ ​ ​ ​ 104,160 ​ ​
FMC Corp.
​ ​ ​ ​ 2,160 ​ ​ ​ ​ ​ 256,824 ​ ​
Freeport-McMoRan, Inc.
​ ​ ​ ​ 16,647 ​ ​ ​ ​ ​ 527,543 ​ ​
General Mills, Inc.
​ ​ ​ ​ 10,331 ​ ​ ​ ​ ​ 842,803 ​ ​
Graco, Inc.
​ ​ ​ ​ 1,483 ​ ​ ​ ​ ​ 103,187 ​ ​
Hain Celestial Group, Inc. (The)*(a)
​ ​ ​ ​ 1,567 ​ ​ ​ ​ ​ 29,319 ​ ​
Halliburton Co.
​ ​ ​ ​ 3,484 ​ ​ ​ ​ ​ 126,887 ​ ​
Hecla Mining Co.
​ ​ ​ ​ 6,160 ​ ​ ​ ​ ​ 28,151 ​ ​
Hess Corp.
​ ​ ​ ​ 1,202 ​ ​ ​ ​ ​ 169,578 ​ ​
Hormel Foods Corp.
​ ​ ​ ​ 9,349 ​ ​ ​ ​ ​ 434,261 ​ ​
IDEX Corp.
​ ​ ​ ​ 667 ​ ​ ​ ​ ​ 148,281 ​ ​
Ingredion, Inc.
​ ​ ​ ​ 1,144 ​ ​ ​ ​ ​ 101,953 ​ ​
International Paper Co.
​ ​ ​ ​ 6,687 ​ ​ ​ ​ ​ 224,750 ​ ​
J&J Snack Foods Corp.
​ ​ ​ ​ 328 ​ ​ ​ ​ ​ 48,416 ​ ​
Kellogg Co.
​ ​ ​ ​ 5,823 ​ ​ ​ ​ ​ 447,323 ​ ​
Kinder Morgan, Inc.
​ ​ ​ ​ 8,791 ​ ​ ​ ​ ​ 159,293 ​ ​
Kraft Heinz Co. (The)
​ ​ ​ ​ 21,011 ​ ​ ​ ​ ​ 808,293 ​ ​
Louisiana-Pacific Corp.
​ ​ ​ ​ 1,535 ​ ​ ​ ​ ​ 86,958 ​ ​
Marathon Petroleum Corp.
​ ​ ​ ​ 2,165 ​ ​ ​ ​ ​ 245,987 ​ ​
Mondelez International, Inc., Class A
​ ​ ​ ​ 23,816 ​ ​ ​ ​ ​ 1,464,208 ​ ​
Mosaic Co. (The)
​ ​ ​ ​ 6,318 ​ ​ ​ ​ ​ 339,593 ​ ​
Mueller Industries, Inc.
​ ​ ​ ​ 655 ​ ​ ​ ​ ​ 41,029 ​ ​
Newmont Corp.
​ ​ ​ ​ 9,069 ​ ​ ​ ​ ​ 383,800 ​ ​
Nucor Corp.
​ ​ ​ ​ 3,076 ​ ​ ​ ​ ​ 404,125 ​ ​
Occidental Petroleum Corp.
​ ​ ​ ​ 3,632 ​ ​ ​ ​ ​ 263,683 ​ ​
ONEOK, Inc.
​ ​ ​ ​ 1,729 ​ ​ ​ ​ ​ 102,564 ​ ​
Pentair PLC
​ ​ ​ ​ 1,447 ​ ​ ​ ​ ​ 62,149 ​ ​
Phillips 66
​ ​ ​ ​ 1,863 ​ ​ ​ ​ ​ 194,292 ​ ​
Pilgrim’s Pride Corp.*(a)
​ ​ ​ ​ 4,183 ​ ​ ​ ​ ​ 96,418 ​ ​
Pioneer Natural Resources Co.
​ ​ ​ ​ 942 ​ ​ ​ ​ ​ 241,538 ​ ​
Post Holdings, Inc.*
​ ​ ​ ​ 1,062 ​ ​ ​ ​ ​ 96,026 ​ ​
Reliance Steel & Aluminum Co.
​ ​ ​ ​ 706 ​ ​ ​ ​ ​ 142,245 ​ ​
Schlumberger NV
​ ​ ​ ​ 5,480 ​ ​ ​ ​ ​ 285,124 ​ ​
Seaboard Corp.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 74,928 ​ ​
Simpson Manufacturing Co., Inc.
​ ​ ​ ​ 773 ​ ​ ​ ​ ​ 66,076 ​ ​
Steel Dynamics, Inc.
​ ​ ​ ​ 2,188 ​ ​ ​ ​ ​ 205,781 ​ ​
Tyson Foods, Inc., Class A
​ ​ ​ ​ 6,098 ​ ​ ​ ​ ​ 416,798 ​ ​
UFP Industries, Inc.
​ ​ ​ ​ 1,108 ​ ​ ​ ​ ​ 78,923 ​ ​
United States Steel Corp.
​ ​ ​ ​ 2,982 ​ ​ ​ ​ ​ 60,714 ​ ​
Valero Energy Corp.
​ ​ ​ ​ 1,588 ​ ​ ​ ​ ​ 199,373 ​ ​
Watts Water Technologies, Inc., Class A
​ ​ ​ ​ 293 ​ ​ ​ ​ ​ 42,884 ​ ​
Williams Cos., Inc. (The)
​ ​ ​ ​ 4,720 ​ ​ ​ ​ ​ 154,486 ​ ​
Xylem, Inc.
​ ​ ​ ​ 1,576 ​ ​ ​ ​ ​ 161,430 ​ ​
Total United States
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 18,629,264 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Zambia — 0.4% ​
First Quantum Minerals Ltd.
​ ​ ​ ​ 7,911 ​ ​ ​ ​ $ 139,365 ​ ​
Total Common Stocks ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $35,407,308)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 36,158,145 ​ ​
Short-Term Investments — 0.3% ​
Money Market Funds — 0.3% ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(d)(e)
​ ​ ​ ​ 26,704 ​ ​ ​ ​ ​ 26,704 ​ ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(d)
​ ​ ​ ​ 85,043 ​ ​ ​ ​ ​ 85,043 ​ ​
Total Short-Term Investments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $111,747)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 111,747 ​ ​
Total Investments — 99.8% ​ ​ ​
(Cost $35,519,055)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 36,269,892 ​ ​
Other Assets and Liabilities,
Net — 0.2%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 64,425 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 36,334,317 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $827,684; total market value of collateral held by the Fund was $865,021. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $838,318.
​
(b)
Security is fair valued as determined in good faith in accordance with the procedures established by the Board of Trustees. The security is fair valued using significant unobservable inputs.
​
(c)
Less than 0.05%.
​
(d)
Reflects the 1-day yield at October 31, 2022.
​
(e)
Represents security purchased with cash collateral received for securities on loan.
​
​
See notes to financial statements.
55​
TABLE OF CONTENTS
Schedule of Investments — IQ Global Resources ETF (continued)
​
October 31, 2022 (unaudited)
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(f) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 36,158,145 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 0(g) ​ ​ ​ ​ $ 36,158,145 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 111,747 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 111,747 ​ ​
Total Investments in Securities
​ ​ ​ $ 36,269,892 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 36,269,892 ​ ​
​
(f)
For a complete listing of investments and their countries, see the Schedule of Investments.
​
(g)
The Level 3 security, valued at $0, has been fair valued in good faith in accordance with procedures established by the Board of Trustees.
​
A reconciliation of assets in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the beginning and/or end of period. (See Note 2)
See notes to financial statements.
56
TABLE OF CONTENTS​
Schedule of Investments — IQ CBRE NextGen Real Estate ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.9% ​
Data Center — 14.4% ​
Digital Realty Trust, Inc.
​ ​ ​ ​ 12,214 ​ ​ ​ ​ $ 1,224,454 ​ ​
Equinix, Inc.
​ ​ ​ ​ 2,310 ​ ​ ​ ​ ​ 1,308,476 ​ ​
Iron Mountain, Inc.
​ ​ ​ ​ 23,543 ​ ​ ​ ​ ​ 1,178,798 ​ ​
Keppel DC REIT
​ ​ ​ ​ 138,578 ​ ​ ​ ​ ​ 172,353 ​ ​
Total Data Center
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,884,081 ​ ​
Data Center Property Owners — 0.6% ​
DigitalBridge Group, Inc.
​ ​ ​ ​ 13,275 ​ ​ ​ ​ ​ 169,920 ​ ​
Health Care — 12.1% ​
Aedifica SA
​ ​ ​ ​ 1,073 ​ ​ ​ ​ ​ 81,870 ​ ​
Alexandria Real Estate Equities, Inc.
​ ​ ​ ​ 4,413 ​ ​ ​ ​ ​ 641,209 ​ ​
Assura PLC
​ ​ ​ ​ 79,627 ​ ​ ​ ​ ​ 51,294 ​ ​
CareTrust REIT, Inc.
​ ​ ​ ​ 2,624 ​ ​ ​ ​ ​ 49,016 ​ ​
Chartwell Retirement Residences
​ ​ ​ ​ 6,347 ​ ​ ​ ​ ​ 36,759 ​ ​
Cofinimmo SA
​ ​ ​ ​ 868 ​ ​ ​ ​ ​ 72,020 ​ ​
Community Healthcare Trust, Inc.
​ ​ ​ ​ 677 ​ ​ ​ ​ ​ 23,424 ​ ​
Global Medical REIT, Inc.
​ ​ ​ ​ 1,766 ​ ​ ​ ​ ​ 16,141 ​ ​
Healthcare Realty Trust, Inc.
​ ​ ​ ​ 10,292 ​ ​ ​ ​ ​ 209,237 ​ ​
Healthpeak Properties, Inc.
​ ​ ​ ​ 14,593 ​ ​ ​ ​ ​ 346,292 ​ ​
LTC Properties, Inc.
​ ​ ​ ​ 1,095 ​ ​ ​ ​ ​ 42,344 ​ ​
Medical Properties Trust, Inc.(a)
​ ​ ​ ​ 16,200 ​ ​ ​ ​ ​ 185,490 ​ ​
National Health Investors, Inc.
​ ​ ​ ​ 1,207 ​ ​ ​ ​ ​ 68,437 ​ ​
NorthWest Healthcare Properties Real Estate Investment Trust
​ ​ ​ ​ 6,435 ​ ​ ​ ​ ​ 50,667 ​ ​
Parkway Life Real Estate Investment
Trust
​ ​ ​ ​ 16,223 ​ ​ ​ ​ ​ 45,857 ​ ​
Primary Health Properties PLC
​ ​ ​ ​ 35,962 ​ ​ ​ ​ ​ 46,001 ​ ​
Sabra Health Care REIT, Inc.
​ ​ ​ ​ 6,246 ​ ​ ​ ​ ​ 85,320 ​ ​
Universal Health Realty Income Trust
​ ​ ​ ​ 372 ​ ​ ​ ​ ​ 18,105 ​ ​
Ventas, Inc.
​ ​ ​ ​ 10,810 ​ ​ ​ ​ ​ 422,995 ​ ​
Welltower, Inc.
​ ​ ​ ​ 12,531 ​ ​ ​ ​ ​ 764,892 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,257,370 ​ ​
Industrial — 34.3% ​
Advance Logistics Investment Corp.
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 33,260 ​ ​
Americold Realty Trust, Inc.
​ ​ ​ ​ 15,143 ​ ​ ​ ​ ​ 367,218 ​ ​
CRE Logistics REIT, Inc.
​ ​ ​ ​ 32 ​ ​ ​ ​ ​ 44,049 ​ ​
Dream Industrial Real Estate Investment Trust
​ ​ ​ ​ 14,330 ​ ​ ​ ​ ​ 115,035 ​ ​
EastGroup Properties, Inc.
​ ​ ​ ​ 2,449 ​ ​ ​ ​ ​ 383,734 ​ ​
ESR-LOGOS REIT
​ ​ ​ ​ 374,283 ​ ​ ​ ​ ​ 89,927 ​ ​
First Industrial Realty Trust, Inc.
​ ​ ​ ​ 7,425 ​ ​ ​ ​ ​ 353,653 ​ ​
Frasers Logistics & Commercial Trust
​ ​ ​ ​ 206,958 ​ ​ ​ ​ ​ 160,875 ​ ​
GLP J-Reit
​ ​ ​ ​ 251 ​ ​ ​ ​ ​ 260,229 ​ ​
Granite Real Estate Investment Trust
​ ​ ​ ​ 3,673 ​ ​ ​ ​ ​ 187,467 ​ ​
Indus Realty Trust, Inc.
​ ​ ​ ​ 571 ​ ​ ​ ​ ​ 29,572 ​ ​
Industrial & Infrastructure Fund Investment Corp.
​ ​ ​ ​ 116 ​ ​ ​ ​ ​ 122,528 ​ ​
Industrial Logistics Properties Trust
​ ​ ​ ​ 3,665 ​ ​ ​ ​ ​ 17,152 ​ ​
Innovative Industrial Properties, Inc.
​ ​ ​ ​ 1,573 ​ ​ ​ ​ ​ 170,041 ​ ​
Japan Logistics Fund, Inc.
​ ​ ​ ​ 52 ​ ​ ​ ​ ​ 111,427 ​ ​
LaSalle Logiport REIT
​ ​ ​ ​ 101 ​ ​ ​ ​ ​ 107,839 ​ ​
LondonMetric Property PLC
​ ​ ​ ​ 54,853 ​ ​ ​ ​ ​ 118,036 ​ ​
LXP Industrial Trust
​ ​ ​ ​ 15,735 ​ ​ ​ ​ ​ 152,315 ​ ​
Mapletree Industrial Trust
​ ​ ​ ​ 151,470 ​ ​ ​ ​ ​ 235,484 ​ ​
Mapletree Logistics Trust
​ ​ ​ ​ 268,907 ​ ​ ​ ​ ​ 288,841 ​ ​
Mitsubishi Estate Logistics REIT Investment
Corp.
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 74,007 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Industrial (continued) ​
Mitsui Fudosan Logistics Park, Inc.
​ ​ ​ ​ 33 ​ ​ ​ ​ $ 109,456 ​ ​
Montea NV
​ ​ ​ ​ 919 ​ ​ ​ ​ ​ 62,763 ​ ​
Nippon Prologis REIT, Inc.
​ ​ ​ ​ 150 ​ ​ ​ ​ ​ 314,361 ​ ​
Plymouth Industrial REIT, Inc.
​ ​ ​ ​ 2,256 ​ ​ ​ ​ ​ 41,601 ​ ​
Prologis, Inc.
​ ​ ​ ​ 28,579 ​ ​ ​ ​ ​ 3,165,124 ​ ​
Rexford Industrial Realty, Inc.
​ ​ ​ ​ 9,617 ​ ​ ​ ​ ​ 531,628 ​ ​
Segro PLC
​ ​ ​ ​ 67,861 ​ ​ ​ ​ ​ 613,331 ​ ​
SOSiLA Logistics REIT, Inc.
​ ​ ​ ​ 39 ​ ​ ​ ​ ​ 37,390 ​ ​
STAG Industrial, Inc.
​ ​ ​ ​ 10,075 ​ ​ ​ ​ ​ 318,269 ​ ​
Summit Industrial Income REIT
​ ​ ​ ​ 10,664 ​ ​ ​ ​ ​ 136,109 ​ ​
Terreno Realty Corp.
​ ​ ​ ​ 4,247 ​ ​ ​ ​ ​ 242,674 ​ ​
Tritax Big Box REIT PLC
​ ​ ​ ​ 104,888 ​ ​ ​ ​ ​ 169,429 ​ ​
Urban Logistics REIT PLC
​ ​ ​ ​ 26,399 ​ ​ ​ ​ ​ 39,969 ​ ​
Warehouse REIT PLC
​ ​ ​ ​ 23,765 ​ ​ ​ ​ ​ 32,834 ​ ​
Total Industrial
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9,237,627 ​ ​
Infrastructure (Tower) — 17.3% ​
American Tower Corp.
​ ​ ​ ​ 9,068 ​ ​ ​ ​ ​ 1,878,799 ​ ​
Crown Castle, Inc.
​ ​ ​ ​ 10,407 ​ ​ ​ ​ ​ 1,386,837 ​ ​
SBA Communications Corp.
​ ​ ​ ​ 4,595 ​ ​ ​ ​ ​ 1,240,191 ​ ​
Uniti Group, Inc.
​ ​ ​ ​ 19,216 ​ ​ ​ ​ ​ 149,116 ​ ​
Total Infrastructure (Tower)
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,654,943 ​ ​
Manufactured Homes — 3.0% ​
Equity LifeStyle Properties, Inc.
​ ​ ​ ​ 5,032 ​ ​ ​ ​ ​ 321,846 ​ ​
Sun Communities, Inc.
​ ​ ​ ​ 3,335 ​ ​ ​ ​ ​ 449,725 ​ ​
UMH Properties, Inc.
​ ​ ​ ​ 1,485 ​ ​ ​ ​ ​ 26,047 ​ ​
Total Manufactured Homes
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 797,618 ​ ​
Multi-Family Residential — 14.6% ​
Advance Residence Investment
Corp.
​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 88,458 ​ ​
Apartment Income REIT Corp.
​ ​ ​ ​ 4,170 ​ ​ ​ ​ ​ 160,253 ​ ​
Apartment Investment and Management Co., Class A
​ ​ ​ ​ 4,100 ​ ​ ​ ​ ​ 32,554 ​ ​
AvalonBay Communities, Inc.
​ ​ ​ ​ 3,781 ​ ​ ​ ​ ​ 662,129 ​ ​
Boardwalk Real Estate Investment
Trust
​ ​ ​ ​ 1,246 ​ ​ ​ ​ ​ 44,284 ​ ​
Camden Property Trust
​ ​ ​ ​ 2,881 ​ ​ ​ ​ ​ 332,900 ​ ​
Canadian Apartment Properties REIT
​ ​ ​ ​ 4,761 ​ ​ ​ ​ ​ 147,258 ​ ​
CapitaLand Ascott Trust
​ ​ ​ ​ 92,722 ​ ​ ​ ​ ​ 62,575 ​ ​
Centerspace
​ ​ ​ ​ 415 ​ ​ ​ ​ ​ 28,759 ​ ​
Comforia Residential REIT, Inc.
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 40,330 ​ ​
Daiwa Securities Living Investments Corp.
​ ​ ​ ​ 60 ​ ​ ​ ​ ​ 46,584 ​ ​
Elme Communities
​ ​ ​ ​ 2,363 ​ ​ ​ ​ ​ 45,110 ​ ​
Equity Residential
​ ​ ​ ​ 10,172 ​ ​ ​ ​ ​ 641,039 ​ ​
Essex Property Trust, Inc.
​ ​ ​ ​ 1,761 ​ ​ ​ ​ ​ 391,365 ​ ​
Independence Realty Trust, Inc.
​ ​ ​ ​ 6,006 ​ ​ ​ ​ ​ 100,661 ​ ​
InterRent Real Estate Investment Trust
​ ​ ​ ​ 3,799 ​ ​ ​ ​ ​ 31,945 ​ ​
Kenedix Residential Next Investment Corp.
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 41,029 ​ ​
Killam Apartment Real Estate Investment
Trust
​ ​ ​ ​ 3,124 ​ ​ ​ ​ ​ 36,163 ​ ​
Mid-America Apartment Communities, Inc.
​ ​ ​ ​ 3,122 ​ ​ ​ ​ ​ 491,559 ​ ​
NexPoint Residential Trust, Inc.
​ ​ ​ ​ 694 ​ ​ ​ ​ ​ 31,646 ​ ​
PRS REIT PLC (The)
​ ​ ​ ​ 14,780 ​ ​ ​ ​ ​ 14,975 ​ ​
​
See notes to financial statements.
57​
TABLE OF CONTENTS
Schedule of Investments — IQ CBRE NextGen Real Estate ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Multi-Family Residential (continued) ​
Samty Residential Investment Corp.
​ ​ ​ ​ 22 ​ ​ ​ ​ $ 17,776 ​ ​
Sekisui House REIT, Inc.
​ ​ ​ ​ 120 ​ ​ ​ ​ ​ 64,668 ​ ​
UDR, Inc.
​ ​ ​ ​ 8,788 ​ ​ ​ ​ ​ 349,411 ​ ​
Veris Residential, Inc.*
​ ​ ​ ​ 2,455 ​ ​ ​ ​ ​ 38,863 ​ ​
Total Multi-Family Residential
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,942,294 ​ ​
Single-Family Residential — 3.1% ​
American Homes 4 Rent, Class A
​ ​ ​ ​ 9,404 ​ ​ ​ ​ ​ 300,364 ​ ​
Invitation Homes, Inc.
​ ​ ​ ​ 16,507 ​ ​ ​ ​ ​ 523,107 ​ ​
Total Single-Family Residential
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 823,471 ​ ​
Student Housing — 0.5% ​
UNITE Group PLC (The)
​ ​ ​ ​ 10,766 ​ ​ ​ ​ ​ 110,443 ​ ​
Xior Student Housing NV
​ ​ ​ ​ 754 ​ ​ ​ ​ ​ 21,201 ​ ​
Total Student Housing
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 131,644 ​ ​
Total Common Stocks
(Cost $29,386,518)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 26,898,968 ​ ​
Short-Term Investment — 0.2% ​
Money Market Fund — 0.2% ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(b)
(Cost $41,602)
​ ​ ​ ​ 41,602 ​ ​ ​ ​
​
41,602
 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Total Investments — 100.1% ​
(Cost $29,428,120)
 ​ ​ ​ ​ ​ ​ $ 26,940,570 ​ ​
Other Assets and Liabilities,
Net — (0.1)%
 ​ ​ ​ ​ ​ ​ ​ (3,647) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ $ 26,936,923 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $181,780; total market value of collateral held consisted of non-cash U.S. Treasury securities collateral having a value of $189,115.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 26,898,968 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 26,898,968 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 41,602 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 41,602 ​ ​
Total Investments in Securities
​ ​ ​ $ 26,940,570 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 26,940,570 ​ ​
​
(c)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
58
TABLE OF CONTENTS​
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.3% ​
Australia — 8.4% ​
Allkem Ltd.*
​ ​ ​ ​ 12,545 ​ ​ ​ ​ $ 115,837 ​ ​
ALS Ltd.
​ ​ ​ ​ 9,685 ​ ​ ​ ​ ​ 70,849 ​ ​
APA Group
​ ​ ​ ​ 26,648 ​ ​ ​ ​ ​ 179,091 ​ ​
Aristocrat Leisure Ltd.
​ ​ ​ ​ 15,076 ​ ​ ​ ​ ​ 357,369 ​ ​
ASX Ltd.
​ ​ ​ ​ 4,499 ​ ​ ​ ​ ​ 194,766 ​ ​
Aurizon Holdings Ltd.
​ ​ ​ ​ 49,162 ​ ​ ​ ​ ​ 113,801 ​ ​
Australia & New Zealand Banking Group
Ltd.
​ ​ ​ ​ 57,980 ​ ​ ​ ​ ​ 947,647 ​ ​
BHP Group Ltd.
​ ​ ​ ​ 95,931 ​ ​ ​ ​ ​ 2,291,783 ​ ​
BlueScope Steel Ltd.
​ ​ ​ ​ 10,744 ​ ​ ​ ​ ​ 108,069 ​ ​
Brambles Ltd.
​ ​ ​ ​ 30,860 ​ ​ ​ ​ ​ 230,487 ​ ​
carsales.com Ltd.
​ ​ ​ ​ 6,653 ​ ​ ​ ​ ​ 86,447 ​ ​
Charter Hall Group
​ ​ ​ ​ 13,877 ​ ​ ​ ​ ​ 114,825 ​ ​
Cochlear Ltd.
​ ​ ​ ​ 1,456 ​ ​ ​ ​ ​ 185,938 ​ ​
Coles Group Ltd.
​ ​ ​ ​ 26,330 ​ ​ ​ ​ ​ 274,944 ​ ​
Commonwealth Bank of Australia
​ ​ ​ ​ 32,006 ​ ​ ​ ​ ​ 2,142,411 ​ ​
Dexus
​ ​ ​ ​ 32,529 ​ ​ ​ ​ ​ 161,414 ​ ​
Domino’s Pizza Enterprises Ltd.
​ ​ ​ ​ 1,336 ​ ​ ​ ​ ​ 54,462 ​ ​
Endeavour Group Ltd.
​ ​ ​ ​ 25,932 ​ ​ ​ ​ ​ 118,563 ​ ​
Evolution Mining Ltd.
​ ​ ​ ​ 38,075 ​ ​ ​ ​ ​ 50,642 ​ ​
Flutter Entertainment PLC*
​ ​ ​ ​ 3,305 ​ ​ ​ ​ ​ 440,641 ​ ​
Fortescue Metals Group Ltd.
​ ​ ​ ​ 32,114 ​ ​ ​ ​ ​ 301,870 ​ ​
Glencore PLC
​ ​ ​ ​ 249,792 ​ ​ ​ ​ ​ 1,436,545 ​ ​
Goodman Group
​ ​ ​ ​ 38,453 ​ ​ ​ ​ ​ 418,010 ​ ​
GPT Group (The)
​ ​ ​ ​ 58,041 ​ ​ ​ ​ ​ 159,963 ​ ​
IDP Education Ltd.
​ ​ ​ ​ 4,396 ​ ​ ​ ​ ​ 83,178 ​ ​
IGO Ltd.
​ ​ ​ ​ 12,506 ​ ​ ​ ​ ​ 122,274 ​ ​
Incitec Pivot Ltd.
​ ​ ​ ​ 52,225 ​ ​ ​ ​ ​ 125,233 ​ ​
Insurance Australia Group Ltd.
​ ​ ​ ​ 53,481 ​ ​ ​ ​ ​ 167,573 ​ ​
Lendlease Corp., Ltd.
​ ​ ​ ​ 14,715 ​ ​ ​ ​ ​ 81,769 ​ ​
Lottery Corp Ltd. (The)*
​ ​ ​ ​ 52,337 ​ ​ ​ ​ ​ 143,573 ​ ​
Lynas Rare Earths Ltd.*
​ ​ ​ ​ 19,272 ​ ​ ​ ​ ​ 102,655 ​ ​
Macquarie Group Ltd.
​ ​ ​ ​ 6,811 ​ ​ ​ ​ ​ 738,224 ​ ​
Medibank Pvt Ltd.
​ ​ ​ ​ 57,168 ​ ​ ​ ​ ​ 102,723 ​ ​
Mineral Resources Ltd.
​ ​ ​ ​ 3,651 ​ ​ ​ ​ ​ 170,732 ​ ​
Mirvac Group
​ ​ ​ ​ 108,435 ​ ​ ​ ​ ​ 143,532 ​ ​
National Australia Bank Ltd.
​ ​ ​ ​ 61,220 ​ ​ ​ ​ ​ 1,269,153 ​ ​
Newcrest Mining Ltd.
​ ​ ​ ​ 18,372 ​ ​ ​ ​ ​ 203,828 ​ ​
Northern Star Resources Ltd.
​ ​ ​ ​ 24,120 ​ ​ ​ ​ ​ 134,802 ​ ​
Origin Energy Ltd.
​ ​ ​ ​ 38,259 ​ ​ ​ ​ ​ 136,269 ​ ​
OZ Minerals Ltd.
​ ​ ​ ​ 7,171 ​ ​ ​ ​ ​ 110,832 ​ ​
Pilbara Minerals Ltd.*
​ ​ ​ ​ 50,503 ​ ​ ​ ​ ​ 164,378 ​ ​
QBE Insurance Group Ltd.
​ ​ ​ ​ 32,273 ​ ​ ​ ​ ​ 252,597 ​ ​
Ramsay Health Care Ltd.
​ ​ ​ ​ 4,267 ​ ​ ​ ​ ​ 159,811 ​ ​
Rio Tinto Ltd.
​ ​ ​ ​ 7,064 ​ ​ ​ ​ ​ 398,407 ​ ​
Rio Tinto PLC
​ ​ ​ ​ 20,704 ​ ​ ​ ​ ​ 1,081,504 ​ ​
Santos Ltd.
​ ​ ​ ​ 63,681 ​ ​ ​ ​ ​ 313,551 ​ ​
Scentre Group
​ ​ ​ ​ 128,248 ​ ​ ​ ​ ​ 237,824 ​ ​
SEEK Ltd.
​ ​ ​ ​ 9,239 ​ ​ ​ ​ ​ 127,551 ​ ​
Shopping Centres Australasia Property Group
​ ​ ​ ​ 63,042 ​ ​ ​ ​ ​ 109,649 ​ ​
Sonic Healthcare Ltd.
​ ​ ​ ​ 10,685 ​ ​ ​ ​ ​ 223,902 ​ ​
South32 Ltd.
​ ​ ​ ​ 90,891 ​ ​ ​ ​ ​ 209,233 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Australia (continued) ​
Stockland
​ ​ ​ ​ 64,292 ​ ​ ​ ​ $ 148,002 ​ ​
Suncorp Group Ltd.
​ ​ ​ ​ 28,432 ​ ​ ​ ​ ​ 207,444 ​ ​
Telstra Group Ltd.*
​ ​ ​ ​ 90,713 ​ ​ ​ ​ ​ 227,386 ​ ​
Transurban Group
​ ​ ​ ​ 57,324 ​ ​ ​ ​ ​ 486,058 ​ ​
Treasury Wine Estates Ltd.
​ ​ ​ ​ 17,162 ​ ​ ​ ​ ​ 142,117 ​ ​
Vicinity Centres
​ ​ ​ ​ 119,415 ​ ​ ​ ​ ​ 148,520 ​ ​
Wesfarmers Ltd.
​ ​ ​ ​ 22,969 ​ ​ ​ ​ ​ 667,697 ​ ​
Westpac Banking Corp.
​ ​ ​ ​ 66,241 ​ ​ ​ ​ ​ 1,021,249 ​ ​
Whitehaven Coal Ltd.
​ ​ ​ ​ 14,628 ​ ​ ​ ​ ​ 84,466 ​ ​
WiseTech Global Ltd.
​ ​ ​ ​ 3,425 ​ ​ ​ ​ ​ 127,377 ​ ​
Woodside Energy Group Ltd.
​ ​ ​ ​ 37,077 ​ ​ ​ ​ ​ 853,048 ​ ​
Woolworths Group Ltd.
​ ​ ​ ​ 23,782 ​ ​ ​ ​ ​ 502,150 ​ ​
Total Australia
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 22,286,645 ​ ​
Austria — 0.2% ​
Erste Group Bank AG
​ ​ ​ ​ 7,826 ​ ​ ​ ​ ​ 193,061 ​ ​
Mondi PLC
​ ​ ​ ​ 9,616 ​ ​ ​ ​ ​ 161,918 ​ ​
OMV AG
​ ​ ​ ​ 3,991 ​ ​ ​ ​ ​ 183,971 ​ ​
Verbund AG
​ ​ ​ ​ 1,208 ​ ​ ​ ​ ​ 94,619 ​ ​
Total Austria
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 633,569 ​ ​
Belgium — 0.8% ​
Ageas SA(a)
​ ​ ​ ​ 4,281 ​ ​ ​ ​ ​ 148,216 ​ ​
Anheuser-Busch InBev SA
​ ​ ​ ​ 15,874 ​ ​ ​ ​ ​ 793,865 ​ ​
Elia Group SA
​ ​ ​ ​ 552 ​ ​ ​ ​ ​ 69,778 ​ ​
Groupe Bruxelles Lambert SA
​ ​ ​ ​ 2,346 ​ ​ ​ ​ ​ 172,972 ​ ​
KBC Group NV
​ ​ ​ ​ 5,433 ​ ​ ​ ​ ​ 272,243 ​ ​
Solvay SA
​ ​ ​ ​ 1,721 ​ ​ ​ ​ ​ 155,194 ​ ​
UCB SA
​ ​ ​ ​ 2,662 ​ ​ ​ ​ ​ 200,797 ​ ​
Umicore SA
​ ​ ​ ​ 4,360 ​ ​ ​ ​ ​ 143,712 ​ ​
Warehouses De Pauw CVA
​ ​ ​ ​ 3,948 ​ ​ ​ ​ ​ 101,374 ​ ​
Total Belgium
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,058,151 ​ ​
Brazil — 0.0%(b) ​
Yara International ASA
​ ​ ​ ​ 2,949 ​ ​ ​ ​ ​ 131,611 ​ ​
Burkina Faso — 0.0%(b) ​
Endeavour Mining PLC
​ ​ ​ ​ 3,281 ​ ​ ​ ​ ​ 57,268 ​ ​
Chile — 0.0%(b) ​
Antofagasta PLC
​ ​ ​ ​ 6,696 ​ ​ ​ ​ ​ 90,624 ​ ​
China — 0.5% ​
BOC Hong Kong Holdings Ltd.
​ ​ ​ ​ 70,902 ​ ​ ​ ​ ​ 220,388 ​ ​
Budweiser Brewing Co APAC Ltd.
​ ​ ​ ​ 33,567 ​ ​ ​ ​ ​ 70,642 ​ ​
ESR Group Ltd.
​ ​ ​ ​ 38,944 ​ ​ ​ ​ ​ 66,479 ​ ​
Lenovo Group Ltd.
​ ​ ​ ​ 158,412 ​ ​ ​ ​ ​ 126,732 ​ ​
Prosus NV*
​ ​ ​ ​ 15,385 ​ ​ ​ ​ ​ 669,660 ​ ​
SITC International Holdings Co., Ltd.
​ ​ ​ ​ 25,310 ​ ​ ​ ​ ​ 41,464 ​ ​
Want Want China Holdings Ltd.
​ ​ ​ ​ 105,147 ​ ​ ​ ​ ​ 69,117 ​ ​
Wilmar International Ltd.
​ ​ ​ ​ 32,907 ​ ​ ​ ​ ​ 90,226 ​ ​
Xinyi Glass Holdings Ltd.
​ ​ ​ ​ 44,247 ​ ​ ​ ​ ​ 56,930 ​ ​
Total China
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,411,638 ​ ​
​
​
See notes to financial statements.
59​
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Denmark — 2.4% ​
AP Moller — Maersk A/S, Class B
​ ​ ​ ​ 168 ​ ​ ​ ​ $ 351,499 ​ ​
Carlsberg A/S, Class B
​ ​ ​ ​ 1,995 ​ ​ ​ ​ ​ 235,187 ​ ​
Chr Hansen Holding A/S
​ ​ ​ ​ 2,170 ​ ​ ​ ​ ​ 120,534 ​ ​
Coloplast A/S, Class B
​ ​ ​ ​ 2,644 ​ ​ ​ ​ ​ 294,848 ​ ​
Danske Bank A/S
​ ​ ​ ​ 13,188 ​ ​ ​ ​ ​ 212,898 ​ ​
DSV A/S
​ ​ ​ ​ 3,622 ​ ​ ​ ​ ​ 490,463 ​ ​
Genmab A/S*
​ ​ ​ ​ 1,246 ​ ​ ​ ​ ​ 480,366 ​ ​
Novo Nordisk A/S, Class B
​ ​ ​ ​ 29,289 ​ ​ ​ ​ ​ 3,184,927 ​ ​
Novozymes A/S, Class B
​ ​ ​ ​ 4,022 ​ ​ ​ ​ ​ 211,284 ​ ​
Orsted A/S
​ ​ ​ ​ 3,475 ​ ​ ​ ​ ​ 286,671 ​ ​
Pandora A/S
​ ​ ​ ​ 1,920 ​ ​ ​ ​ ​ 101,218 ​ ​
SimCorp A/S
​ ​ ​ ​ 1,499 ​ ​ ​ ​ ​ 89,551 ​ ​
Vestas Wind Systems A/S
​ ​ ​ ​ 18,500 ​ ​ ​ ​ ​ 364,472 ​ ​
Total Denmark
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,423,918 ​ ​
Finland — 1.3% ​
Elisa OYJ
​ ​ ​ ​ 3,182 ​ ​ ​ ​ ​ 153,818 ​ ​
Fortum OYJ
​ ​ ​ ​ 9,212 ​ ​ ​ ​ ​ 129,696 ​ ​
Kesko OYJ, Class B
​ ​ ​ ​ 6,185 ​ ​ ​ ​ ​ 120,425 ​ ​
Kone OYJ, Class B
​ ​ ​ ​ 7,376 ​ ​ ​ ​ ​ 302,173 ​ ​
Metso Outotec OYJ
​ ​ ​ ​ 14,306 ​ ​ ​ ​ ​ 108,618 ​ ​
Neste OYJ
​ ​ ​ ​ 8,046 ​ ​ ​ ​ ​ 352,602 ​ ​
Nokia OYJ
​ ​ ​ ​ 103,904 ​ ​ ​ ​ ​ 462,838 ​ ​
Nordea Bank Abp*
​ ​ ​ ​ 67,298 ​ ​ ​ ​ ​ 643,588 ​ ​
Orion OYJ, Class B
​ ​ ​ ​ 1,830 ​ ​ ​ ​ ​ 84,194 ​ ​
Sampo OYJ, Class A
​ ​ ​ ​ 9,056 ​ ​ ​ ​ ​ 414,228 ​ ​
Stora Enso OYJ, Class R
​ ​ ​ ​ 11,817 ​ ​ ​ ​ ​ 154,050 ​ ​
UPM-Kymmene OYJ
​ ​ ​ ​ 10,302 ​ ​ ​ ​ ​ 345,270 ​ ​
Wartsila OYJ Abp
​ ​ ​ ​ 9,887 ​ ​ ​ ​ ​ 67,425 ​ ​
Total Finland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,338,925 ​ ​
France — 9.5% ​
Accor SA*
​ ​ ​ ​ 5,122 ​ ​ ​ ​ ​ 122,711 ​ ​
Air Liquide SA
​ ​ ​ ​ 9,298 ​ ​ ​ ​ ​ 1,215,791 ​ ​
Airbus SE
​ ​ ​ ​ 10,407 ​ ​ ​ ​ ​ 1,127,110 ​ ​
Alstom SA
​ ​ ​ ​ 6,229 ​ ​ ​ ​ ​ 128,423 ​ ​
Arkema SA
​ ​ ​ ​ 1,376 ​ ​ ​ ​ ​ 108,961 ​ ​
AXA SA
​ ​ ​ ​ 34,014 ​ ​ ​ ​ ​ 840,441 ​ ​
BioMerieux
​ ​ ​ ​ 808 ​ ​ ​ ​ ​ 71,505 ​ ​
BNP Paribas SA
​ ​ ​ ​ 20,035 ​ ​ ​ ​ ​ 940,474 ​ ​
Bouygues SA
​ ​ ​ ​ 4,491 ​ ​ ​ ​ ​ 128,189 ​ ​
Bureau Veritas SA
​ ​ ​ ​ 7,063 ​ ​ ​ ​ ​ 175,006 ​ ​
Capgemini SE
​ ​ ​ ​ 3,034 ​ ​ ​ ​ ​ 498,525 ​ ​
Carrefour SA
​ ​ ​ ​ 11,353 ​ ​ ​ ​ ​ 182,729 ​ ​
Cie de Saint-Gobain
​ ​ ​ ​ 8,947 ​ ​ ​ ​ ​ 366,090 ​ ​
Cie Generale des Etablissements Michelin SCA
​ ​ ​ ​ 13,416 ​ ​ ​ ​ ​ 342,232 ​ ​
Credit Agricole SA
​ ​ ​ ​ 21,409 ​ ​ ​ ​ ​ 194,371 ​ ​
Danone SA
​ ​ ​ ​ 10,740 ​ ​ ​ ​ ​ 534,352 ​ ​
Dassault Systemes SE
​ ​ ​ ​ 12,720 ​ ​ ​ ​ ​ 426,812 ​ ​
Edenred
​ ​ ​ ​ 5,382 ​ ​ ​ ​ ​ 276,390 ​ ​
Eiffage SA
​ ​ ​ ​ 1,418 ​ ​ ​ ​ ​ 128,291 ​ ​
Electricite de France SA
​ ​ ​ ​ 10,407 ​ ​ ​ ​ ​ 122,915 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
France (continued) ​
Engie SA
​ ​ ​ ​ 31,914 ​ ​ ​ ​ $ 414,905 ​ ​
EssilorLuxottica SA
​ ​ ​ ​ 5,597 ​ ​ ​ ​ ​ 887,021 ​ ​
Gecina SA
​ ​ ​ ​ 1,334 ​ ​ ​ ​ ​ 118,991 ​ ​
Getlink SE
​ ​ ​ ​ 10,746 ​ ​ ​ ​ ​ 170,251 ​ ​
Hermes International
​ ​ ​ ​ 583 ​ ​ ​ ​ ​ 755,119 ​ ​
Kering SA
​ ​ ​ ​ 1,357 ​ ​ ​ ​ ​ 621,909 ​ ​
Klepierre SA*
​ ​ ​ ​ 4,734 ​ ​ ​ ​ ​ 95,214 ​ ​
Legrand SA
​ ​ ​ ​ 5,185 ​ ​ ​ ​ ​ 395,310 ​ ​
L’Oreal SA
​ ​ ​ ​ 4,422 ​ ​ ​ ​ ​ 1,390,247 ​ ​
LVMH Moet Hennessy Louis Vuitton SE
​ ​ ​ ​ 4,614 ​ ​ ​ ​ ​ 2,913,990 ​ ​
Orange SA
​ ​ ​ ​ 36,006 ​ ​ ​ ​ ​ 342,733 ​ ​
Pernod Ricard SA
​ ​ ​ ​ 4,008 ​ ​ ​ ​ ​ 703,922 ​ ​
Publicis Groupe SA
​ ​ ​ ​ 4,521 ​ ​ ​ ​ ​ 253,532 ​ ​
Renault SA*
​ ​ ​ ​ 3,388 ​ ​ ​ ​ ​ 104,373 ​ ​
Rexel SA*
​ ​ ​ ​ 6,453 ​ ​ ​ ​ ​ 115,470 ​ ​
Safran SA
​ ​ ​ ​ 6,796 ​ ​ ​ ​ ​ 757,119 ​ ​
Sanofi
​ ​ ​ ​ 20,180 ​ ​ ​ ​ ​ 1,741,784 ​ ​
Sartorius Stedim Biotech
​ ​ ​ ​ 484 ​ ​ ​ ​ ​ 153,649 ​ ​
Societe Generale SA
​ ​ ​ ​ 14,432 ​ ​ ​ ​ ​ 331,277 ​ ​
Sodexo SA
​ ​ ​ ​ 1,856 ​ ​ ​ ​ ​ 164,617 ​ ​
Teleperformance
​ ​ ​ ​ 1,129 ​ ​ ​ ​ ​ 302,729 ​ ​
Thales SA
​ ​ ​ ​ 2,255 ​ ​ ​ ​ ​ 286,725 ​ ​
TotalEnergies SE
​ ​ ​ ​ 44,171 ​ ​ ​ ​ ​ 2,405,462 ​ ​
Ubisoft Entertainment SA*
​ ​ ​ ​ 2,037 ​ ​ ​ ​ ​ 55,908 ​ ​
Unibail-Rodamco-Westfield* ​ ​ ​ ​ 2,205 ​ ​ ​ ​ ​ 104,345 ​ ​
Valeo
​ ​ ​ ​ 5,134 ​ ​ ​ ​ ​ 84,688 ​ ​
Veolia Environnement SA
​ ​ ​ ​ 11,932 ​ ​ ​ ​ ​ 266,403 ​ ​
Vinci SA
​ ​ ​ ​ 9,352 ​ ​ ​ ​ ​ 861,265 ​ ​
Vivendi SE
​ ​ ​ ​ 13,529 ​ ​ ​ ​ ​ 110,768 ​ ​
Worldline SA*
​ ​ ​ ​ 5,001 ​ ​ ​ ​ ​ 219,062 ​ ​
Total France
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 25,060,106 ​ ​
Germany — 6.7% ​
adidas AG
​ ​ ​ ​ 3,388 ​ ​ ​ ​ ​ 331,437 ​ ​
Allianz SE
​ ​ ​ ​ 7,354 ​ ​ ​ ​ ​ 1,324,285 ​ ​
Aroundtown SA
​ ​ ​ ​ 24,548 ​ ​ ​ ​ ​ 48,718 ​ ​
BASF SE
​ ​ ​ ​ 17,054 ​ ​ ​ ​ ​ 765,819 ​ ​
Bayer AG
​ ​ ​ ​ 18,365 ​ ​ ​ ​ ​ 965,996 ​ ​
Bayerische Motoren Werke AG
​ ​ ​ ​ 6,575 ​ ​ ​ ​ ​ 516,752 ​ ​
Bechtle AG
​ ​ ​ ​ 1,904 ​ ​ ​ ​ ​ 65,863 ​ ​
Beiersdorf AG
​ ​ ​ ​ 2,061 ​ ​ ​ ​ ​ 197,954 ​ ​
Brenntag SE
​ ​ ​ ​ 3,196 ​ ​ ​ ​ ​ 194,074 ​ ​
Carl Zeiss Meditec AG
​ ​ ​ ​ 724 ​ ​ ​ ​ ​ 87,692 ​ ​
Commerzbank AG*
​ ​ ​ ​ 20,414 ​ ​ ​ ​ ​ 163,346 ​ ​
Continental AG
​ ​ ​ ​ 2,060 ​ ​ ​ ​ ​ 106,849 ​ ​
Covestro AG
​ ​ ​ ​ 3,619 ​ ​ ​ ​ ​ 123,186 ​ ​
CTS Eventim AG & Co. KGaA*
​ ​ ​ ​ 1,259 ​ ​ ​ ​ ​ 60,151 ​ ​
Daimler Truck Holding AG*
​ ​ ​ ​ 7,938 ​ ​ ​ ​ ​ 211,829 ​ ​
Deutsche Bank AG
​ ​ ​ ​ 38,391 ​ ​ ​ ​ ​ 366,536 ​ ​
Deutsche Boerse AG
​ ​ ​ ​ 3,393 ​ ​ ​ ​ ​ 552,148 ​ ​
Deutsche Post AG
​ ​ ​ ​ 18,139 ​ ​ ​ ​ ​ 643,781 ​ ​
Deutsche Telekom AG
​ ​ ​ ​ 62,890 ​ ​ ​ ​ ​ 1,191,180 ​ ​
E.ON SE
​ ​ ​ ​ 42,581 ​ ​ ​ ​ ​ 356,711 ​ ​
​
See notes to financial statements.
60
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Germany (continued) ​
Evotec SE*
​ ​ ​ ​ 3,116 ​ ​ ​ ​ $ 59,484 ​ ​
Fresenius Medical Care AG & Co.
KGaA
 ​ ​ ​ ​ 4,215 ​ ​ ​ ​ ​ 116,561 ​ ​
Fresenius SE & Co. KGaA
​ ​ ​ ​ 8,203 ​ ​ ​ ​ ​ 188,903 ​ ​
GEA Group AG
​ ​ ​ ​ 3,880 ​ ​ ​ ​ ​ 135,752 ​ ​
Hannover Rueck SE
​ ​ ​ ​ 1,196 ​ ​ ​ ​ ​ 194,804 ​ ​
HeidelbergCement AG
​ ​ ​ ​ 2,989 ​ ​ ​ ​ ​ 137,812 ​ ​
HelloFresh SE*
​ ​ ​ ​ 3,329 ​ ​ ​ ​ ​ 66,660 ​ ​
Henkel AG & Co. KGaA
​ ​ ​ ​ 1,639 ​ ​ ​ ​ ​ 96,303 ​ ​
Infineon Technologies AG
​ ​ ​ ​ 24,104 ​ ​ ​ ​ ​ 587,002 ​ ​
KION Group AG
​ ​ ​ ​ 1,622 ​ ​ ​ ​ ​ 36,022 ​ ​
Knorr-Bremse AG
​ ​ ​ ​ 1,418 ​ ​ ​ ​ ​ 63,851 ​ ​
LANXESS AG
​ ​ ​ ​ 2,271 ​ ​ ​ ​ ​ 76,875 ​ ​
LEG Immobilien SE
​ ​ ​ ​ 1,398 ​ ​ ​ ​ ​ 91,359 ​ ​
Mercedes-Benz Group AG
​ ​ ​ ​ 15,130 ​ ​ ​ ​ ​ 876,287 ​ ​
Merck KGaA
​ ​ ​ ​ 2,524 ​ ​ ​ ​ ​ 411,607 ​ ​
MTU Aero Engines AG
​ ​ ​ ​ 1,091 ​ ​ ​ ​ ​ 195,440 ​ ​
Muenchener Rueckversicherungs- Gesellschaft AG
​ ​ ​ ​ 2,621 ​ ​ ​ ​ ​ 692,689 ​ ​
Puma SE
​ ​ ​ ​ 2,101 ​ ​ ​ ​ ​ 93,049 ​ ​
Rheinmetall AG
​ ​ ​ ​ 962 ​ ​ ​ ​ ​ 156,405 ​ ​
RWE AG
​ ​ ​ ​ 11,756 ​ ​ ​ ​ ​ 453,025 ​ ​
SAP SE
​ ​ ​ ​ 20,319 ​ ​ ​ ​ ​ 1,961,431 ​ ​
Scout24 SE
​ ​ ​ ​ 1,936 ​ ​ ​ ​ ​ 99,269 ​ ​
Siemens AG
​ ​ ​ ​ 13,837 ​ ​ ​ ​ ​ 1,513,086 ​ ​
Siemens Energy AG(a)
​ ​ ​ ​ 8,150 ​ ​ ​ ​ ​ 95,170 ​ ​
Siemens Healthineers AG
​ ​ ​ ​ 4,917 ​ ​ ​ ​ ​ 226,365 ​ ​
Symrise AG
​ ​ ​ ​ 2,555 ​ ​ ​ ​ ​ 260,982 ​ ​
thyssenkrupp AG*
​ ​ ​ ​ 8,555 ​ ​ ​ ​ ​ 45,084 ​ ​
United Internet AG
​ ​ ​ ​ 2,328 ​ ​ ​ ​ ​ 43,544 ​ ​
Vonovia SE
​ ​ ​ ​ 14,438 ​ ​ ​ ​ ​ 319,643 ​ ​
Zalando SE*
​ ​ ​ ​ 4,338 ​ ​ ​ ​ ​ 100,026 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 17,668,797 ​ ​
Hong Kong — 2.2% ​
AIA Group Ltd.
​ ​ ​ ​ 222,027 ​ ​ ​ ​ ​ 1,681,498 ​ ​
ASMPT Ltd.
​ ​ ​ ​ 7,956 ​ ​ ​ ​ ​ 43,784 ​ ​
CK Asset Holdings Ltd.
​ ​ ​ ​ 43,390 ​ ​ ​ ​ ​ 239,893 ​ ​
CLP Holdings Ltd.
​ ​ ​ ​ 34,479 ​ ​ ​ ​ ​ 231,475 ​ ​
Hang Lung Properties Ltd.
​ ​ ​ ​ 46,594 ​ ​ ​ ​ ​ 58,585 ​ ​
Hang Seng Bank Ltd.
​ ​ ​ ​ 15,175 ​ ​ ​ ​ ​ 213,614 ​ ​
Henderson Land Development Co.,
Ltd.
 ​ ​ ​ ​ 39,314 ​ ​ ​ ​ ​ 96,259 ​ ​
Hong Kong & China Gas Co., Ltd.
​ ​ ​ ​ 231,421 ​ ​ ​ ​ ​ 178,655 ​ ​
Hong Kong Exchanges & Clearing
Ltd.
​ ​ ​ ​ 24,049 ​ ​ ​ ​ ​ 640,298 ​ ​
Hongkong Land Holdings Ltd.
​ ​ ​ ​ 27,041 ​ ​ ​ ​ ​ 104,108 ​ ​
Jardine Matheson Holdings Ltd.
​ ​ ​ ​ 3,354 ​ ​ ​ ​ ​ 154,351 ​ ​
Link REIT
​ ​ ​ ​ 44,387 ​ ​ ​ ​ ​ 262,369 ​ ​
MTR Corp., Ltd.
​ ​ ​ ​ 34,303 ​ ​ ​ ​ ​ 150,980 ​ ​
New World Development Co., Ltd.
​ ​ ​ ​ 35,414 ​ ​ ​ ​ ​ 72,453 ​ ​
Power Assets Holdings Ltd.
​ ​ ​ ​ 31,028 ​ ​ ​ ​ ​ 148,423 ​ ​
Prudential PLC
​ ​ ​ ​ 48,869 ​ ​ ​ ​ ​ 456,197 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Hong Kong (continued) ​
Sino Land Co., Ltd.
​ ​ ​ ​ 97,601 ​ ​ ​ ​ $    104,317 ​ ​
Sun Hung Kai Properties Ltd.
​ ​ ​ ​ 28,911 ​ ​ ​ ​ ​ 311,029 ​ ​
Swire Pacific Ltd., Class A
​ ​ ​ ​ 15,152 ​ ​ ​ ​ ​ 100,275 ​ ​
Techtronic Industries Co., Ltd.
​ ​ ​ ​ 26,273 ​ ​ ​ ​ ​ 248,845 ​ ​
WH Group Ltd.
​ ​ ​ ​ 187,671 ​ ​ ​ ​ ​ 94,913 ​ ​
Wharf Real Estate Investment Co.,
Ltd.
​ ​ ​ ​ 35,459 ​ ​ ​ ​ ​ 139,806 ​ ​
Total Hong Kong
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,732,127 ​ ​
Ireland — 0.4% ​
Bank of Ireland Group PLC
​ ​ ​ ​ 15,709 ​ ​ ​ ​ ​ 113,277 ​ ​
CRH PLC
​ ​ ​ ​ 13,912 ​ ​ ​ ​ ​ 501,188 ​ ​
Kerry Group PLC, Class A
​ ​ ​ ​ 2,880 ​ ​ ​ ​ ​ 250,487 ​ ​
Kingspan Group PLC
​ ​ ​ ​ 2,888 ​ ​ ​ ​ ​ 145,857 ​ ​
Smurfit Kappa Group PLC
​ ​ ​ ​ 5,264 ​ ​ ​ ​ ​ 174,184 ​ ​
Total Ireland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,184,993 ​ ​
Israel — 0.8% ​
Bank Hapoalim BM
​ ​ ​ ​ 31,468 ​ ​ ​ ​ ​ 304,890 ​ ​
Bank Leumi Le-Israel BM
​ ​ ​ ​ 37,051 ​ ​ ​ ​ ​ 355,298 ​ ​
Big Shopping Centers Ltd.
​ ​ ​ ​ 976 ​ ​ ​ ​ ​ 109,982 ​ ​
Elbit Systems Ltd.
​ ​ ​ ​ 754 ​ ​ ​ ​ ​ 153,221 ​ ​
Enlight Renewable Energy Ltd.*
​ ​ ​ ​ 31,841 ​ ​ ​ ​ ​ 64,822 ​ ​
ICL Group Ltd.
​ ​ ​ ​ 19,122 ​ ​ ​ ​ ​ 173,426 ​ ​
Israel Discount Bank Ltd., Class A
​ ​ ​ ​ 35,124 ​ ​ ​ ​ ​ 200,794 ​ ​
Mizrahi Tefahot Bank Ltd.
​ ​ ​ ​ 3,073 ​ ​ ​ ​ ​ 116,738 ​ ​
Nice Ltd.*
​ ​ ​ ​ 1,495 ​ ​ ​ ​ ​ 284,515 ​ ​
Teva Pharmaceutical Industries Ltd.*
​ ​ ​ ​ 20,430 ​ ​ ​ ​ ​ 183,548 ​ ​
Tower Semiconductor Ltd.*
​ ​ ​ ​ 3,045 ​ ​ ​ ​ ​ 130,815 ​ ​
Total Israel
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,078,049 ​ ​
Italy — 2.0% ​
Assicurazioni Generali SpA
​ ​ ​ ​ 24,547 ​ ​ ​ ​ ​ 368,524 ​ ​
Atlantia SpA
​ ​ ​ ​ 11,529 ​ ​ ​ ​ ​ 257,291 ​ ​
Coca-Cola HBC AG*
​ ​ ​ ​ 4,619 ​ ​ ​ ​ ​ 101,176 ​ ​
Davide Campari-Milano NV
​ ​ ​ ​ 13,418 ​ ​ ​ ​ ​ 120,602 ​ ​
Enel SpA
​ ​ ​ ​ 146,625 ​ ​ ​ ​ ​ 654,877 ​ ​
Eni SpA
​ ​ ​ ​ 50,479 ​ ​ ​ ​ ​ 661,253 ​ ​
Ferrari NV
​ ​ ​ ​ 2,294 ​ ​ ​ ​ ​ 452,320 ​ ​
FinecoBank Banca Fineco SpA
​ ​ ​ ​ 12,396 ​ ​ ​ ​ ​ 167,111 ​ ​
Intesa Sanpaolo SpA
​ ​ ​ ​ 317,099 ​ ​ ​ ​ ​ 604,556 ​ ​
Mediobanca Banca di Credito Finanziario SpA(a)
​ ​ ​ ​ 19,159 ​ ​ ​ ​ ​ 173,679 ​ ​
Moncler SpA
​ ​ ​ ​ 4,639 ​ ​ ​ ​ ​ 200,316 ​ ​
Nexi SpA*
​ ​ ​ ​ 16,813 ​ ​ ​ ​ ​ 145,732 ​ ​
Prysmian SpA
​ ​ ​ ​ 6,285 ​ ​ ​ ​ ​ 204,926 ​ ​
Recordati Industria Chimica e Farmaceutica SpA
​ ​ ​ ​ 2,458 ​ ​ ​ ​ ​ 92,389 ​ ​
Snam SpA
​ ​ ​ ​ 50,546 ​ ​ ​ ​ ​ 224,907 ​ ​
Telecom Italia SpA*
​ ​ ​ ​ 376,489 ​ ​ ​ ​ ​ 73,713 ​ ​
Terna — Rete Elettrica Nazionale
​ ​ ​ ​ 34,781 ​ ​ ​ ​ ​ 230,592 ​ ​
UniCredit SpA
​ ​ ​ ​ 38,230 ​ ​ ​ ​ ​ 474,120 ​ ​
Total Italy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,208,084 ​ ​
​
​
See notes to financial statements.
61​
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan — 23.2% ​
Advantest Corp.(a)
​ ​ ​ ​ 3,881 ​ ​ ​ ​ $ 205,232 ​ ​
Aeon Co., Ltd.
​ ​ ​ ​ 15,087 ​ ​ ​ ​ ​ 281,825 ​ ​
AGC, Inc.
​ ​ ​ ​ 5,200 ​ ​ ​ ​ ​ 163,205 ​ ​
Aisin Corp.
​ ​ ​ ​ 4,247 ​ ​ ​ ​ ​ 109,007 ​ ​
Ajinomoto Co., Inc.
​ ​ ​ ​ 11,072 ​ ​ ​ ​ ​ 305,116 ​ ​
Aozora Bank Ltd.
​ ​ ​ ​ 5,552 ​ ​ ​ ​ ​ 95,512 ​ ​
Asahi Group Holdings Ltd.
​ ​ ​ ​ 11,011 ​ ​ ​ ​ ​ 308,472 ​ ​
Asahi Intecc Co., Ltd.
​ ​ ​ ​ 4,666 ​ ​ ​ ​ ​ 79,548 ​ ​
Asahi Kasei Corp.
​ ​ ​ ​ 28,689 ​ ​ ​ ​ ​ 184,234 ​ ​
Astellas Pharma, Inc.
​ ​ ​ ​ 37,947 ​ ​ ​ ​ ​ 522,478 ​ ​
Bandai Namco Holdings, Inc.
​ ​ ​ ​ 4,421 ​ ​ ​ ​ ​ 292,740 ​ ​
Bank of Kyoto Ltd. (The)
​ ​ ​ ​ 2,166 ​ ​ ​ ​ ​ 78,109 ​ ​
BayCurrent Consulting, Inc.
​ ​ ​ ​ 3,130 ​ ​ ​ ​ ​ 88,234 ​ ​
Bridgestone Corp.
​ ​ ​ ​ 12,146 ​ ​ ​ ​ ​ 438,166 ​ ​
Brother Industries Ltd.
​ ​ ​ ​ 6,468 ​ ​ ​ ​ ​ 110,139 ​ ​
Canon, Inc.
​ ​ ​ ​ 20,519 ​ ​ ​ ​ ​ 435,408 ​ ​
Capcom Co., Ltd.
​ ​ ​ ​ 4,497 ​ ​ ​ ​ ​ 125,408 ​ ​
Central Japan Railway Co.
​ ​ ​ ​ 3,849 ​ ​ ​ ​ ​ 447,088 ​ ​
Chubu Electric Power Co., Inc.
​ ​ ​ ​ 15,402 ​ ​ ​ ​ ​ 125,487 ​ ​
Chugai Pharmaceutical Co., Ltd.
​ ​ ​ ​ 13,713 ​ ​ ​ ​ ​ 318,295 ​ ​
Concordia Financial Group Ltd.
​ ​ ​ ​ 33,221 ​ ​ ​ ​ ​ 101,249 ​ ​
CyberAgent, Inc.
​ ​ ​ ​ 11,272 ​ ​ ​ ​ ​ 92,824 ​ ​
Dai Nippon Printing Co., Ltd.
​ ​ ​ ​ 7,539 ​ ​ ​ ​ ​ 151,302 ​ ​
Daifuku Co., Ltd.
​ ​ ​ ​ 2,275 ​ ​ ​ ​ ​ 104,387 ​ ​
Dai-ichi Life Holdings, Inc.
​ ​ ​ ​ 20,948 ​ ​ ​ ​ ​ 332,256 ​ ​
Daiichi Sankyo Co., Ltd.
​ ​ ​ ​ 36,403 ​ ​ ​ ​ ​ 1,167,512 ​ ​
Daikin Industries Ltd.
​ ​ ​ ​ 5,172 ​ ​ ​ ​ ​ 778,923 ​ ​
Daito Trust Construction Co., Ltd.
​ ​ ​ ​ 1,605 ​ ​ ​ ​ ​ 158,842 ​ ​
Daiwa House Industry Co., Ltd.
​ ​ ​ ​ 14,084 ​ ​ ​ ​ ​ 285,404 ​ ​
Daiwa Securities Group, Inc.
​ ​ ​ ​ 35,298 ​ ​ ​ ​ ​ 137,739 ​ ​
Denso Corp.
​ ​ ​ ​ 9,064 ​ ​ ​ ​ ​ 450,654 ​ ​
Dentsu Group, Inc.
​ ​ ​ ​ 5,058 ​ ​ ​ ​ ​ 157,728 ​ ​
Disco Corp.
​ ​ ​ ​ 613 ​ ​ ​ ​ ​ 147,234 ​ ​
East Japan Railway Co.
​ ​ ​ ​ 7,749 ​ ​ ​ ​ ​ 419,161 ​ ​
Eisai Co., Ltd.
​ ​ ​ ​ 6,325 ​ ​ ​ ​ ​ 381,879 ​ ​
ENEOS Holdings, Inc.
​ ​ ​ ​ 65,985 ​ ​ ​ ​ ​ 217,442 ​ ​
FANUC Corp.
​ ​ ​ ​ 3,764 ​ ​ ​ ​ ​ 497,106 ​ ​
Fast Retailing Co., Ltd.
​ ​ ​ ​ 1,037 ​ ​ ​ ​ ​ 579,006 ​ ​
Food & Life Cos. Ltd.
​ ​ ​ ​ 3,631 ​ ​ ​ ​ ​ 61,292 ​ ​
Fuji Electric Co., Ltd.
​ ​ ​ ​ 3,200 ​ ​ ​ ​ ​ 124,008 ​ ​
FUJIFILM Holdings Corp.
​ ​ ​ ​ 7,125 ​ ​ ​ ​ ​ 326,877 ​ ​
Fujitsu Ltd.
​ ​ ​ ​ 3,849 ​ ​ ​ ​ ​ 443,463 ​ ​
GLP J-Reit
​ ​ ​ ​ 148 ​ ​ ​ ​ ​ 153,442 ​ ​
Hamamatsu Photonics K.K.
​ ​ ​ ​ 3,385 ​ ​ ​ ​ ​ 153,496 ​ ​
Hankyu Hanshin Holdings, Inc.
​ ​ ​ ​ 6,366 ​ ​ ​ ​ ​ 189,093 ​ ​
Hirose Electric Co., Ltd.
​ ​ ​ ​ 990 ​ ​ ​ ​ ​ 128,616 ​ ​
Hitachi Ltd.
​ ​ ​ ​ 18,354 ​ ​ ​ ​ ​ 834,750 ​ ​
Honda Motor Co., Ltd.
​ ​ ​ ​ 32,511 ​ ​ ​ ​ ​ 737,778 ​ ​
Hoya Corp.
​ ​ ​ ​ 6,979 ​ ​ ​ ​ ​ 651,486 ​ ​
Ibiden Co., Ltd.
​ ​ ​ ​ 2,912 ​ ​ ​ ​ ​ 98,546 ​ ​
Idemitsu Kosan Co., Ltd.
​ ​ ​ ​ 6,091 ​ ​ ​ ​ ​ 133,184 ​ ​
Inpex Corp.
​ ​ ​ ​ 23,506 ​ ​ ​ ​ ​ 240,065 ​ ​
Isuzu Motors Ltd.
​ ​ ​ ​ 12,920 ​ ​ ​ ​ ​ 151,596 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
Ito En Ltd.
​ ​ ​ ​ 1,782 ​ ​ ​ ​ $ 62,943 ​ ​
ITOCHU Corp.
​ ​ ​ ​ 26,749 ​ ​ ​ ​ ​ 692,683 ​ ​
J Front Retailing Co., Ltd.
​ ​ ​ ​ 8,351 ​ ​ ​ ​ ​ 67,534 ​ ​
Japan Airport Terminal Co., Ltd.*
​ ​ ​ ​ 1,673 ​ ​ ​ ​ ​ 71,812 ​ ​
Japan Exchange Group, Inc.
​ ​ ​ ​ 10,682 ​ ​ ​ ​ ​ 140,393 ​ ​
Japan Metropolitan Fund Invest
​ ​ ​ ​ 212 ​ ​ ​ ​ ​ 156,181 ​ ​
Japan Tobacco, Inc.
​ ​ ​ ​ 25,402 ​ ​ ​ ​ ​ 421,102 ​ ​
JFE Holdings, Inc.
​ ​ ​ ​ 12,486 ​ ​ ​ ​ ​ 114,498 ​ ​
JGC Holdings Corp.
​ ​ ​ ​ 6,800 ​ ​ ​ ​ ​ 81,983 ​ ​
JSR Corp.
​ ​ ​ ​ 4,004 ​ ​ ​ ​ ​ 76,344 ​ ​
Kajima Corp.
​ ​ ​ ​ 13,061 ​ ​ ​ ​ ​ 123,110 ​ ​
Kakaku.com, Inc.
​ ​ ​ ​ 3,973 ​ ​ ​ ​ ​ 67,386 ​ ​
Kansai Electric Power Co., Inc. (The)
​ ​ ​ ​ 15,495 ​ ​ ​ ​ ​ 117,488 ​ ​
Kansai Paint Co., Ltd.
​ ​ ​ ​ 5,558 ​ ​ ​ ​ ​ 72,544 ​ ​
Kao Corp.
​ ​ ​ ​ 9,641 ​ ​ ​ ​ ​ 362,587 ​ ​
Kawasaki Kisen Kaisha Ltd.
​ ​ ​ ​ 5,185 ​ ​ ​ ​ ​ 78,873 ​ ​
KDDI Corp.
​ ​ ​ ​ 32,071 ​ ​ ​ ​ ​ 948,310 ​ ​
Keio Corp.
​ ​ ​ ​ 3,215 ​ ​ ​ ​ ​ 112,909 ​ ​
Keisei Electric Railway Co., Ltd.
​ ​ ​ ​ 4,513 ​ ​ ​ ​ ​ 119,934 ​ ​
Keyence Corp.
​ ​ ​ ​ 3,681 ​ ​ ​ ​ ​ 1,394,785 ​ ​
Kikkoman Corp.
​ ​ ​ ​ 4,131 ​ ​ ​ ​ ​ 224,567 ​ ​
Kintetsu Group Holdings Co., Ltd.
​ ​ ​ ​ 5,059 ​ ​ ​ ​ ​ 171,203 ​ ​
Kirin Holdings Co., Ltd.
​ ​ ​ ​ 17,268 ​ ​ ​ ​ ​ 254,370 ​ ​
Kobayashi Pharmaceutical Co., Ltd.
​ ​ ​ ​ 1,643 ​ ​ ​ ​ ​ 87,326 ​ ​
Kobe Bussan Co., Ltd.
​ ​ ​ ​ 3,390 ​ ​ ​ ​ ​ 73,782 ​ ​
Koito Manufacturing Co., Ltd.
​ ​ ​ ​ 5,561 ​ ​ ​ ​ ​ 79,093 ​ ​
Komatsu Ltd.
​ ​ ​ ​ 19,209 ​ ​ ​ ​ ​ 368,064 ​ ​
Konami Group Corp.
​ ​ ​ ​ 2,314 ​ ​ ​ ​ ​ 101,661 ​ ​
Kubota Corp.
​ ​ ​ ​ 23,196 ​ ​ ​ ​ ​ 324,059 ​ ​
Kuraray Co., Ltd.
​ ​ ​ ​ 12,026 ​ ​ ​ ​ ​ 82,771 ​ ​
Kurita Water Industries Ltd.
​ ​ ​ ​ 3,734 ​ ​ ​ ​ ​ 137,166 ​ ​
Kyocera Corp.
​ ​ ​ ​ 6,232 ​ ​ ​ ​ ​ 311,988 ​ ​
Kyowa Kirin Co., Ltd.
​ ​ ​ ​ 6,563 ​ ​ ​ ​ ​ 154,764 ​ ​
Lasertec Corp.
​ ​ ​ ​ 1,547 ​ ​ ​ ​ ​ 221,587 ​ ​
Lixil Corp.
​ ​ ​ ​ 6,823 ​ ​ ​ ​ ​ 103,331 ​ ​
M3, Inc.
​ ​ ​ ​ 8,889 ​ ​ ​ ​ ​ 265,890 ​ ​
Makita Corp.
​ ​ ​ ​ 6,219 ​ ​ ​ ​ ​ 113,807 ​ ​
Marubeni Corp.
​ ​ ​ ​ 32,524 ​ ​ ​ ​ ​ 285,120 ​ ​
Marui Group Co., Ltd.
​ ​ ​ ​ 6,590 ​ ​ ​ ​ ​ 108,802 ​ ​
MatsukiyoCocokara & Co.
​ ​ ​ ​ 3,372 ​ ​ ​ ​ ​ 122,961 ​ ​
MEIJI Holdings Co., Ltd.
​ ​ ​ ​ 3,083 ​ ​ ​ ​ ​ 126,942 ​ ​
MINEBEA MITSUMI, Inc.
​ ​ ​ ​ 9,329 ​ ​ ​ ​ ​ 138,333 ​ ​
MISUMI Group, Inc.
​ ​ ​ ​ 6,488 ​ ​ ​ ​ ​ 138,809 ​ ​
Mitsubishi Chemical Group Corp.
​ ​ ​ ​ 30,756 ​ ​ ​ ​ ​ 139,073 ​ ​
Mitsubishi Corp.
​ ​ ​ ​ 23,351 ​ ​ ​ ​ ​ 633,282 ​ ​
Mitsubishi Electric Corp.
​ ​ ​ ​ 41,622 ​ ​ ​ ​ ​ 366,837 ​ ​
Mitsubishi Estate Co., Ltd.
​ ​ ​ ​ 24,382 ​ ​ ​ ​ ​ 307,246 ​ ​
Mitsubishi Heavy Industries Ltd.
​ ​ ​ ​ 6,896 ​ ​ ​ ​ ​ 237,545 ​ ​
Mitsubishi UFJ Financial Group, Inc.
​ ​ ​ ​ 229,038 ​ ​ ​ ​ ​ 1,077,889 ​ ​
Mitsui & Co., Ltd.
​ ​ ​ ​ 30,427 ​ ​ ​ ​ ​ 674,108 ​ ​
Mitsui Fudosan Co., Ltd.
​ ​ ​ ​ 19,288 ​ ​ ​ ​ ​ 369,773 ​ ​
Mitsui OSK Lines Ltd.
​ ​ ​ ​ 6,191 ​ ​ ​ ​ ​ 122,916 ​ ​
Mizuho Financial Group, Inc.
​ ​ ​ ​ 48,765 ​ ​ ​ ​ ​ 526,905 ​ ​
​
See notes to financial statements.
62
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
MonotaRO Co., Ltd.
​ ​ ​ ​ 6,019 ​ ​ ​ ​ $ 91,843 ​ ​
MS&AD Insurance Group Holdings,
Inc.
​ ​ ​ ​ 9,907 ​ ​ ​ ​ ​ 262,680 ​ ​
Murata Manufacturing Co., Ltd.
​ ​ ​ ​ 11,180 ​ ​ ​ ​ ​ 549,090 ​ ​
NEC Corp.
​ ​ ​ ​ 5,716 ​ ​ ​ ​ ​ 189,399 ​ ​
Nexon Co., Ltd.
​ ​ ​ ​ 8,973 ​ ​ ​ ​ ​ 150,742 ​ ​
NGK Insulators Ltd.
​ ​ ​ ​ 7,474 ​ ​ ​ ​ ​ 87,344 ​ ​
NH Foods Ltd.
​ ​ ​ ​ 3,133 ​ ​ ​ ​ ​ 74,723 ​ ​
Nidec Corp.
​ ​ ​ ​ 8,717 ​ ​ ​ ​ ​ 483,134 ​ ​
Nihon M&A Center Holdings, Inc.
​ ​ ​ ​ 6,996 ​ ​ ​ ​ ​ 79,216 ​ ​
Nintendo Co., Ltd.
​ ​ ​ ​ 20,469 ​ ​ ​ ​ ​ 835,919 ​ ​
Nippon Building Fund, Inc.
​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 168,991 ​ ​
Nippon Express Holdings, Inc.
​ ​ ​ ​ 2,093 ​ ​ ​ ​ ​ 105,189 ​ ​
Nippon Paint Holdings Co., Ltd.
​ ​ ​ ​ 20,207 ​ ​ ​ ​ ​ 129,153 ​ ​
Nippon Prologis REIT, Inc.
​ ​ ​ ​ 58 ​ ​ ​ ​ ​ 121,553 ​ ​
Nippon Steel Corp.
​ ​ ​ ​ 16,676 ​ ​ ​ ​ ​ 229,157 ​ ​
Nippon Telegraph & Telephone Corp.
​ ​ ​ ​ 24,102 ​ ​ ​ ​ ​ 663,865 ​ ​
Nippon Yusen K.K.
​ ​ ​ ​ 9,958 ​ ​ ​ ​ ​ 180,823 ​ ​
Nissan Chemical Corp.
​ ​ ​ ​ 3,171 ​ ​ ​ ​ ​ 142,939 ​ ​
Nissan Motor Co., Ltd.
​ ​ ​ ​ 40,719 ​ ​ ​ ​ ​ 129,963 ​ ​
Nisshin Seifun Group, Inc.
​ ​ ​ ​ 8,932 ​ ​ ​ ​ ​ 96,630 ​ ​
Nissin Foods Holdings Co., Ltd.
​ ​ ​ ​ 2,135 ​ ​ ​ ​ ​ 138,326 ​ ​
Nitori Holdings Co., Ltd.
​ ​ ​ ​ 1,821 ​ ​ ​ ​ ​ 165,824 ​ ​
Nitto Denko Corp.
​ ​ ​ ​ 3,575 ​ ​ ​ ​ ​ 188,329 ​ ​
Nomura Holdings, Inc.
​ ​ ​ ​ 67,266 ​ ​ ​ ​ ​ 218,043 ​ ​
Nomura Real Estate Master Fund, Inc.
​ ​ ​ ​ 163 ​ ​ ​ ​ ​ 185,882 ​ ​
Nomura Research Institute Ltd.
​ ​ ​ ​ 9,792 ​ ​ ​ ​ ​ 217,732 ​ ​
NSK Ltd.
​ ​ ​ ​ 15,566 ​ ​ ​ ​ ​ 82,315 ​ ​
NTT Data Corp.
​ ​ ​ ​ 15,402 ​ ​ ​ ​ ​ 223,515 ​ ​
Obayashi Corp.
​ ​ ​ ​ 19,916 ​ ​ ​ ​ ​ 127,963 ​ ​
Obic Co., Ltd.
​ ​ ​ ​ 1,574 ​ ​ ​ ​ ​ 236,892 ​ ​
Odakyu Electric Railway Co., Ltd.
​ ​ ​ ​ 9,567 ​ ​ ​ ​ ​ 113,863 ​ ​
Oji Holdings Corp.
​ ​ ​ ​ 26,731 ​ ​ ​ ​ ​ 92,799 ​ ​
Olympus Corp.
​ ​ ​ ​ 25,565 ​ ​ ​ ​ ​ 540,075 ​ ​
Omron Corp.
​ ​ ​ ​ 4,232 ​ ​ ​ ​ ​ 198,054 ​ ​
Ono Pharmaceutical Co., Ltd.
​ ​ ​ ​ 10,292 ​ ​ ​ ​ ​ 242,075 ​ ​
Oriental Land Co., Ltd.
​ ​ ​ ​ 3,980 ​ ​ ​ ​ ​ 534,201 ​ ​
ORIX Corp.
​ ​ ​ ​ 25,533 ​ ​ ​ ​ ​ 375,346 ​ ​
Orix JREIT, Inc.
​ ​ ​ ​ 93 ​ ​ ​ ​ ​ 124,826 ​ ​
Osaka Gas Co., Ltd.
​ ​ ​ ​ 9,159 ​ ​ ​ ​ ​ 135,689 ​ ​
Otsuka Corp.
​ ​ ​ ​ 2,548 ​ ​ ​ ​ ​ 80,485 ​ ​
Otsuka Holdings Co., Ltd.
​ ​ ​ ​ 9,500 ​ ​ ​ ​ ​ 304,619 ​ ​
Pan Pacific International Holdings
Corp.
 ​ ​ ​ ​ 9,834 ​ ​ ​ ​ ​ 161,502 ​ ​
Panasonic Holdings Corp.
​ ​ ​ ​ 43,063 ​ ​ ​ ​ ​ 308,410 ​ ​
Rakuten Group, Inc.
​ ​ ​ ​ 22,494 ​ ​ ​ ​ ​ 100,791 ​ ​
Recruit Holdings Co., Ltd.
​ ​ ​ ​ 26,381 ​ ​ ​ ​ ​ 814,672 ​ ​
Renesas Electronics Corp.*
​ ​ ​ ​ 24,619 ​ ​ ​ ​ ​ 206,463 ​ ​
Resona Holdings, Inc.
​ ​ ​ ​ 55,761 ​ ​ ​ ​ ​ 209,974 ​ ​
Ricoh Co., Ltd.
​ ​ ​ ​ 14,583 ​ ​ ​ ​ ​ 106,943 ​ ​
Rohm Co., Ltd.
​ ​ ​ ​ 1,893 ​ ​ ​ ​ ​ 133,345 ​ ​
Ryohin Keikaku Co., Ltd.
​ ​ ​ ​ 8,893 ​ ​ ​ ​ ​ 83,823 ​ ​
Santen Pharmaceutical Co., Ltd.
​ ​ ​ ​ 11,309 ​ ​ ​ ​ ​ 77,455 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
SBI Holdings, Inc.
​ ​ ​ ​ 5,734 ​ ​ ​ ​ $ 103,697 ​ ​
Secom Co., Ltd.
​ ​ ​ ​ 4,459 ​ ​ ​ ​ ​ 254,727 ​ ​
Sekisui Chemical Co., Ltd.
​ ​ ​ ​ 10,865 ​ ​ ​ ​ ​ 135,963 ​ ​
Sekisui House Ltd.
​ ​ ​ ​ 15,988 ​ ​ ​ ​ ​ 266,225 ​ ​
Seven & i Holdings Co., Ltd.
​ ​ ​ ​ 15,350 ​ ​ ​ ​ ​ 573,579 ​ ​
SG Holdings Co., Ltd.
​ ​ ​ ​ 8,925 ​ ​ ​ ​ ​ 118,412 ​ ​
Shimadzu Corp.
​ ​ ​ ​ 6,234 ​ ​ ​ ​ ​ 164,621 ​ ​
Shimano, Inc.
​ ​ ​ ​ 1,660 ​ ​ ​ ​ ​ 257,708 ​ ​
Shimizu Corp.
​ ​ ​ ​ 18,570 ​ ​ ​ ​ ​ 92,828 ​ ​
Shin-Etsu Chemical Co., Ltd.
​ ​ ​ ​ 7,602 ​ ​ ​ ​ ​ 794,800 ​ ​
Shionogi & Co., Ltd.
​ ​ ​ ​ 6,027 ​ ​ ​ ​ ​ 279,383 ​ ​
Shiseido Co., Ltd.
​ ​ ​ ​ 8,153 ​ ​ ​ ​ ​ 282,765 ​ ​
Shizuoka Financial Group, Inc.
​ ​ ​ ​ 17,005 ​ ​ ​ ​ ​ 107,314 ​ ​
Showa Denko K.K.
​ ​ ​ ​ 5,255 ​ ​ ​ ​ ​ 76,791 ​ ​
SMC Corp.
​ ​ ​ ​ 1,131 ​ ​ ​ ​ ​ 457,468 ​ ​
SoftBank Corp.
​ ​ ​ ​ 52,438 ​ ​ ​ ​ ​ 517,024 ​ ​
SoftBank Group Corp.
​ ​ ​ ​ 20,739 ​ ​ ​ ​ ​ 892,990 ​ ​
Sompo Holdings, Inc.
​ ​ ​ ​ 7,199 ​ ​ ​ ​ ​ 299,952 ​ ​
Sony Group Corp.
​ ​ ​ ​ 23,190 ​ ​ ​ ​ ​ 1,558,326 ​ ​
Stanley Electric Co., Ltd.
​ ​ ​ ​ 4,482 ​ ​ ​ ​ ​ 76,230 ​ ​
Subaru Corp.
​ ​ ​ ​ 12,697 ​ ​ ​ ​ ​ 197,799 ​ ​
SUMCO Corp.
​ ​ ​ ​ 8,953 ​ ​ ​ ​ ​ 113,784 ​ ​
Sumitomo Chemical Co., Ltd.
​ ​ ​ ​ 40,221 ​ ​ ​ ​ ​ 135,572 ​ ​
Sumitomo Corp.
​ ​ ​ ​ 25,743 ​ ​ ​ ​ ​ 328,293 ​ ​
Sumitomo Electric Industries Ltd.
​ ​ ​ ​ 18,407 ​ ​ ​ ​ ​ 192,448 ​ ​
Sumitomo Metal Mining Co., Ltd.
​ ​ ​ ​ 5,413 ​ ​ ​ ​ ​ 152,300 ​ ​
Sumitomo Mitsui Financial Group, Inc.
​ ​ ​ ​ 26,106 ​ ​ ​ ​ ​ 732,939 ​ ​
Sumitomo Mitsui Trust Holdings, Inc.
​ ​ ​ ​ 8,293 ​ ​ ​ ​ ​ 238,633 ​ ​
Sumitomo Realty & Development Co., Ltd.
​ ​ ​ ​ 9,155 ​ ​ ​ ​ ​ 210,343 ​ ​
Suntory Beverage & Food Ltd.
​ ​ ​ ​ 3,605 ​ ​ ​ ​ ​ 120,785 ​ ​
Suzuki Motor Corp.
​ ​ ​ ​ 8,815 ​ ​ ​ ​ ​ 297,718 ​ ​
Sysmex Corp.
​ ​ ​ ​ 3,849 ​ ​ ​ ​ ​ 207,890 ​ ​
T&D Holdings, Inc.
​ ​ ​ ​ 13,841 ​ ​ ​ ​ ​ 136,608 ​ ​
Taisei Corp.
​ ​ ​ ​ 4,892 ​ ​ ​ ​ ​ 133,462 ​ ​
Takeda Pharmaceutical Co., Ltd.
​ ​ ​ ​ 30,373 ​ ​ ​ ​ ​ 800,628 ​ ​
TDK Corp.
​ ​ ​ ​ 7,648 ​ ​ ​ ​ ​ 239,523 ​ ​
Teijin Ltd.
​ ​ ​ ​ 11,296 ​ ​ ​ ​ ​ 102,598 ​ ​
Terumo Corp.
​ ​ ​ ​ 13,781 ​ ​ ​ ​ ​ 419,452 ​ ​
TIS, Inc.
​ ​ ​ ​ 6,378 ​ ​ ​ ​ ​ 172,286 ​ ​
Tobu Railway Co., Ltd.
​ ​ ​ ​ 6,609 ​ ​ ​ ​ ​ 152,958 ​ ​
Toho Co., Ltd.
​ ​ ​ ​ 3,600 ​ ​ ​ ​ ​ 128,368 ​ ​
Tokio Marine Holdings, Inc.
​ ​ ​ ​ 38,296 ​ ​ ​ ​ ​ 693,340 ​ ​
Tokyo Electric Power Co., Holdings,
Inc.*
 ​ ​ ​ ​ 30,339 ​ ​ ​ ​ ​ 98,997 ​ ​
Tokyo Electron Ltd.
​ ​ ​ ​ 2,771 ​ ​ ​ ​ ​ 736,211 ​ ​
Tokyo Gas Co., Ltd.
​ ​ ​ ​ 10,100 ​ ​ ​ ​ ​ 180,548 ​ ​
Tokyu Corp.
​ ​ ​ ​ 13,583 ​ ​ ​ ​ ​ 156,817 ​ ​
Tokyu Fudosan Holdings Corp.
​ ​ ​ ​ 17,530 ​ ​ ​ ​ ​ 89,045 ​ ​
TOPPAN, Inc.
​ ​ ​ ​ 8,005 ​ ​ ​ ​ ​ 119,508 ​ ​
Toray Industries, Inc.
​ ​ ​ ​ 36,295 ​ ​ ​ ​ ​ 176,915 ​ ​
Toshiba Corp.
​ ​ ​ ​ 8,996 ​ ​ ​ ​ ​ 313,575 ​ ​
Tosoh Corp.
​ ​ ​ ​ 7,987 ​ ​ ​ ​ ​ 86,998 ​ ​
​
See notes to financial statements.
63​
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
TOTO Ltd.
​ ​ ​ ​ 4,332 ​ ​ ​ ​ $ 123,867 ​ ​
Toyo Suisan Kaisha Ltd.
​ ​ ​ ​ 3,149 ​ ​ ​ ​ ​ 118,219 ​ ​
Toyota Industries Corp.
​ ​ ​ ​ 3,811 ​ ​ ​ ​ ​ 196,402 ​ ​
Toyota Motor Corp.
​ ​ ​ ​ 226,463 ​ ​ ​ ​ ​ 3,137,892 ​ ​
Toyota Tsusho Corp.
​ ​ ​ ​ 4,851 ​ ​ ​ ​ ​ 163,185 ​ ​
Trend Micro, Inc.
​ ​ ​ ​ 3,215 ​ ​ ​ ​ ​ 162,443 ​ ​
Unicharm Corp.
​ ​ ​ ​ 8,447 ​ ​ ​ ​ ​ 257,556 ​ ​
USS Co., Ltd.
​ ​ ​ ​ 7,291 ​ ​ ​ ​ ​ 110,222 ​ ​
West Japan Railway Co.
​ ​ ​ ​ 5,555 ​ ​ ​ ​ ​ 220,541 ​ ​
Yakult Honsha Co., Ltd.
​ ​ ​ ​ 3,582 ​ ​ ​ ​ ​ 198,578 ​ ​
Yamaha Corp.
​ ​ ​ ​ 4,347 ​ ​ ​ ​ ​ 164,363 ​ ​
Yamaha Motor Co., Ltd.
​ ​ ​ ​ 8,339 ​ ​ ​ ​ ​ 172,239 ​ ​
Yamato Holdings Co., Ltd.
​ ​ ​ ​ 8,091 ​ ​ ​ ​ ​ 119,976 ​ ​
Yaskawa Electric Corp.
​ ​ ​ ​ 6,062 ​ ​ ​ ​ ​ 168,440 ​ ​
Yokogawa Electric Corp.
​ ​ ​ ​ 6,424 ​ ​ ​ ​ ​ 107,661 ​ ​
Z Holdings Corp.
​ ​ ​ ​ 53,333 ​ ​ ​ ​ ​ 138,002 ​ ​
Zenkoku Hosho Co., Ltd.
​ ​ ​ ​ 2,542 ​ ​ ​ ​ ​ 83,972 ​ ​
Total Japan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 61,360,698 ​ ​
Jordan — 0.0%(b) ​
Hikma Pharmaceuticals PLC
​ ​ ​ ​ 4,097 ​ ​ ​ ​ ​ 58,916 ​ ​
Luxembourg — 0.1% ​
ArcelorMittal SA
​ ​ ​ ​ 9,967 ​ ​ ​ ​ ​ 223,171 ​ ​
Eurofins Scientific SE
​ ​ ​ ​ 2,329 ​ ​ ​ ​ ​ 149,115 ​ ​
Total Luxembourg
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 372,286 ​ ​
Macau — 0.1% ​
Galaxy Entertainment Group Ltd.
​ ​ ​ ​ 44,078 ​ ​ ​ ​ ​ 201,303 ​ ​
Sands China Ltd.*
​ ​ ​ ​ 53,663 ​ ​ ​ ​ ​ 93,655 ​ ​
Total Macau
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 294,958 ​ ​
Netherlands — 4.9% ​
Adyen NV*
​ ​ ​ ​ 538 ​ ​ ​ ​ ​ 772,392 ​ ​
Aegon NV
​ ​ ​ ​ 37,762 ​ ​ ​ ​ ​ 174,853 ​ ​
Akzo Nobel NV
​ ​ ​ ​ 3,424 ​ ​ ​ ​ ​ 211,303 ​ ​
Argenx SE*
​ ​ ​ ​ 1,072 ​ ​ ​ ​ ​ 418,294 ​ ​
ASM International NV
​ ​ ​ ​ 947 ​ ​ ​ ​ ​ 210,405 ​ ​
ASML Holding NV
​ ​ ​ ​ 7,120 ​ ​ ​ ​ ​ 3,363,702 ​ ​
ASR Nederland NV
​ ​ ​ ​ 3,307 ​ ​ ​ ​ ​ 145,741 ​ ​
BE Semiconductor Industries NV
​ ​ ​ ​ 1,364 ​ ​ ​ ​ ​ 69,724 ​ ​
Euronext NV
​ ​ ​ ​ 1,636 ​ ​ ​ ​ ​ 103,969 ​ ​
Heineken Holding NV
​ ​ ​ ​ 2,089 ​ ​ ​ ​ ​ 142,668 ​ ​
Heineken NV
​ ​ ​ ​ 4,381 ​ ​ ​ ​ ​ 366,314 ​ ​
IMCD NV
​ ​ ​ ​ 953 ​ ​ ​ ​ ​ 123,671 ​ ​
ING Groep NV
​ ​ ​ ​ 71,661 ​ ​ ​ ​ ​ 705,002 ​ ​
Koninklijke Ahold Delhaize NV
​ ​ ​ ​ 18,259 ​ ​ ​ ​ ​ 509,806 ​ ​
Koninklijke DSM NV
​ ​ ​ ​ 3,213 ​ ​ ​ ​ ​ 378,844 ​ ​
Koninklijke KPN NV
​ ​ ​ ​ 62,996 ​ ​ ​ ​ ​ 176,263 ​ ​
Koninklijke Philips NV
​ ​ ​ ​ 16,822 ​ ​ ​ ​ ​ 213,112 ​ ​
NN Group NV
​ ​ ​ ​ 5,953 ​ ​ ​ ​ ​ 252,114 ​ ​
OCI NV
​ ​ ​ ​ 1,502 ​ ​ ​ ​ ​ 57,480 ​ ​
Randstad NV
​ ​ ​ ​ 2,468 ​ ​ ​ ​ ​ 123,035 ​ ​
Shell PLC
​ ​ ​ ​ 133,923 ​ ​ ​ ​ ​ 3,706,763 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Netherlands (continued) ​
Universal Music Group NV
​ ​ ​ ​ 14,899 ​ ​ ​ ​ $ 292,328 ​ ​
Wolters Kluwer NV
​ ​ ​ ​ 5,040 ​ ​ ​ ​ ​ 535,736 ​ ​
Total Netherlands
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13,053,519 ​ ​
New Zealand — 0.4% ​
Auckland International Airport Ltd.*
​ ​ ​ ​ 37,399 ​ ​ ​ ​ ​ 167,297 ​ ​
Contact Energy Ltd.
​ ​ ​ ​ 24,273 ​ ​ ​ ​ ​ 106,465 ​ ​
Fisher & Paykel Healthcare Corp., Ltd.
​ ​ ​ ​ 16,383 ​ ​ ​ ​ ​ 186,357 ​ ​
Mainfreight Ltd.
​ ​ ​ ​ 2,718 ​ ​ ​ ​ ​ 120,069 ​ ​
Meridian Energy Ltd.
​ ​ ​ ​ 31,648 ​ ​ ​ ​ ​ 89,723 ​ ​
Spark New Zealand Ltd.
​ ​ ​ ​ 64,071 ​ ​ ​ ​ ​ 190,577 ​ ​
Xero Ltd.*
​ ​ ​ ​ 2,718 ​ ​ ​ ​ ​ 135,688 ​ ​
Total New Zealand
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 996,176 ​ ​
Norway — 0.8% ​
Aker BP ASA
​ ​ ​ ​ 6,155 ​ ​ ​ ​ ​ 196,191 ​ ​
DNB Bank ASA
​ ​ ​ ​ 20,826 ​ ​ ​ ​ ​ 368,572 ​ ​
Equinor ASA
​ ​ ​ ​ 18,515 ​ ​ ​ ​ ​ 677,338 ​ ​
Mowi ASA
​ ​ ​ ​ 9,383 ​ ​ ​ ​ ​ 139,930 ​ ​
Norsk Hydro ASA
​ ​ ​ ​ 29,854 ​ ​ ​ ​ ​ 189,458 ​ ​
Orkla ASA
​ ​ ​ ​ 20,999 ​ ​ ​ ​ ​ 141,705 ​ ​
Schibsted ASA, Class A
​ ​ ​ ​ 4,217 ​ ​ ​ ​ ​ 64,937 ​ ​
Telenor ASA
​ ​ ​ ​ 15,894 ​ ​ ​ ​ ​ 144,465 ​ ​
TOMRA Systems ASA
​ ​ ​ ​ 5,334 ​ ​ ​ ​ ​ 86,201 ​ ​
Total Norway
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,008,797 ​ ​
Poland — 0.2% ​
Dino Polska SA*
​ ​ ​ ​ 1,230 ​ ​ ​ ​ ​ 80,482 ​ ​
KGHM Polska Miedz SA
​ ​ ​ ​ 3,642 ​ ​ ​ ​ ​ 73,018 ​ ​
LPP SA
​ ​ ​ ​ 27 ​ ​ ​ ​ ​ 46,911 ​ ​
Polski Koncern Naftowy ORLEN SA
​ ​ ​ ​ 10,113 ​ ​ ​ ​ ​ 116,404 ​ ​
Powszechna Kasa Oszczednosci Bank Polski SA
​ ​ ​ ​ 19,064 ​ ​ ​ ​ ​ 104,163 ​ ​
Powszechny Zaklad Ubezpieczen SA
​ ​ ​ ​ 14,475 ​ ​ ​ ​ ​ 81,304 ​ ​
Total Poland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 502,282 ​ ​
Portugal — 0.2% ​
EDP — Energias de Portugal SA
​ ​ ​ ​ 64,948 ​ ​ ​ ​ ​ 284,046 ​ ​
Galp Energia SGPS SA
​ ​ ​ ​ 12,259 ​ ​ ​ ​ ​ 124,493 ​ ​
Total Portugal
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 408,539 ​ ​
Singapore — 1.5% ​
CapitaLand Ascendas REIT
​ ​ ​ ​ 120,942 ​ ​ ​ ​ ​ 223,919 ​ ​
CapitaLand Integrated Commercial
Trust
​ ​ ​ ​ 159,567 ​ ​ ​ ​ ​ 211,989 ​ ​
Capitaland Investment Ltd/Singapore
​ ​ ​ ​ 67,310 ​ ​ ​ ​ ​ 143,172 ​ ​
DBS Group Holdings Ltd.
​ ​ ​ ​ 35,737 ​ ​ ​ ​ ​ 863,688 ​ ​
Genting Singapore Ltd.
​ ​ ​ ​ 234,793 ​ ​ ​ ​ ​ 133,565 ​ ​
Keppel Corp., Ltd.
​ ​ ​ ​ 38,790 ​ ​ ​ ​ ​ 191,058 ​ ​
Mapletree Industrial Trust
​ ​ ​ ​ 89,739 ​ ​ ​ ​ ​ 139,514 ​ ​
Oversea-Chinese Banking Corp., Ltd.
​ ​ ​ ​ 69,932 ​ ​ ​ ​ ​ 599,446 ​ ​
Singapore Exchange Ltd.
​ ​ ​ ​ 23,765 ​ ​ ​ ​ ​ 141,404 ​ ​
Singapore Technologies Engineering
Ltd.
​ ​ ​ ​ 55,243 ​ ​ ​ ​ ​ 128,826 ​ ​
​
See notes to financial statements.
64
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Singapore (continued) ​
Singapore Telecommunications Ltd.
​ ​ ​ ​ 171,124 ​ ​ ​ ​ $ 302,318 ​ ​
STMicroelectronics NV
​ ​ ​ ​ 11,889 ​ ​ ​ ​ ​ 371,315 ​ ​
United Overseas Bank Ltd.
​ ​ ​ ​ 26,486 ​ ​ ​ ​ ​ 519,576 ​ ​
Total Singapore
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,969,790 ​ ​
South Africa — 0.3% ​
Anglo American PLC
​ ​ ​ ​ 22,740 ​ ​ ​ ​ ​ 682,946 ​ ​
South Korea — 4.6% ​
Amorepacific Corp.
​ ​ ​ ​ 928 ​ ​ ​ ​ ​ 60,392 ​ ​
Celltrion Healthcare Co., Ltd.
​ ​ ​ ​ 2,646 ​ ​ ​ ​ ​ 129,100 ​ ​
Celltrion, Inc.
​ ​ ​ ​ 2,298 ​ ​ ​ ​ ​ 309,745 ​ ​
CJ CheilJedang Corp.
​ ​ ​ ​ 338 ​ ​ ​ ​ ​ 98,236 ​ ​
Coway Co., Ltd.
​ ​ ​ ​ 2,259 ​ ​ ​ ​ ​ 87,699 ​ ​
Delivery Hero SE*(a)
​ ​ ​ ​ 3,665 ​ ​ ​ ​ ​ 120,803 ​ ​
Doosan Enerbility*
​ ​ ​ ​ 8,747 ​ ​ ​ ​ ​ 81,363 ​ ​
Hana Financial Group, Inc.
​ ​ ​ ​ 7,345 ​ ​ ​ ​ ​ 212,701 ​ ​
Hankook Tire & Technology Co., Ltd.
​ ​ ​ ​ 2,932 ​ ​ ​ ​ ​ 75,232 ​ ​
Hanwha Solutions Corp.*
​ ​ ​ ​ 2,344 ​ ​ ​ ​ ​ 77,670 ​ ​
HLB, Inc.*
​ ​ ​ ​ 2,244 ​ ​ ​ ​ ​ 63,801 ​ ​
HMM Co., Ltd.
​ ​ ​ ​ 7,219 ​ ​ ​ ​ ​ 96,797 ​ ​
HYBE Co., Ltd.*
​ ​ ​ ​ 475 ​ ​ ​ ​ ​ 40,349 ​ ​
Hyundai Mobis Co., Ltd.
​ ​ ​ ​ 1,468 ​ ​ ​ ​ ​ 225,696 ​ ​
Hyundai Motor Co.
​ ​ ​ ​ 3,429 ​ ​ ​ ​ ​ 395,992 ​ ​
Industrial Bank of Korea
​ ​ ​ ​ 15,874 ​ ​ ​ ​ ​ 116,454 ​ ​
Kakao Corp.
​ ​ ​ ​ 6,459 ​ ​ ​ ​ ​ 229,893 ​ ​
KakaoBank Corp.*
​ ​ ​ ​ 4,167 ​ ​ ​ ​ ​ 50,023 ​ ​
KB Financial Group, Inc.
​ ​ ​ ​ 8,709 ​ ​ ​ ​ ​ 293,775 ​ ​
Kia Corp.
​ ​ ​ ​ 5,644 ​ ​ ​ ​ ​ 262,696 ​ ​
Korea Electric Power Corp.*
​ ​ ​ ​ 7,799 ​ ​ ​ ​ ​ 91,708 ​ ​
Korea Zinc Co., Ltd.
​ ​ ​ ​ 246 ​ ​ ​ ​ ​ 110,527 ​ ​
Korean Air Lines Co., Ltd.*
​ ​ ​ ​ 5,862 ​ ​ ​ ​ ​ 95,063 ​ ​
Krafton, Inc.*
​ ​ ​ ​ 710 ​ ​ ​ ​ ​ 88,473 ​ ​
KT&G Corp.
​ ​ ​ ​ 3,567 ​ ​ ​ ​ ​ 239,645 ​ ​
L&F Co., Ltd.*
​ ​ ​ ​ 487 ​ ​ ​ ​ ​ 76,924 ​ ​
LG Chem Ltd.
​ ​ ​ ​ 982 ​ ​ ​ ​ ​ 431,557 ​ ​
LG Corp.
​ ​ ​ ​ 2,905 ​ ​ ​ ​ ​ 161,519 ​ ​
LG Display Co., Ltd.
​ ​ ​ ​ 8,030 ​ ​ ​ ​ ​ 71,875 ​ ​
LG Electronics, Inc.
​ ​ ​ ​ 2,530 ​ ​ ​ ​ ​ 144,932 ​ ​
LG Energy Solution Ltd.*
​ ​ ​ ​ 693 ​ ​ ​ ​ ​ 256,874 ​ ​
LG H&H Co., Ltd.
​ ​ ​ ​ 250 ​ ​ ​ ​ ​ 89,508 ​ ​
LG Innotek Co., Ltd.
​ ​ ​ ​ 324 ​ ​ ​ ​ ​ 67,441 ​ ​
NAVER Corp.
​ ​ ​ ​ 2,872 ​ ​ ​ ​ ​ 341,749 ​ ​
NCSoft Corp.
​ ​ ​ ​ 435 ​ ​ ​ ​ ​ 119,099 ​ ​
POSCO Holdings, Inc.
​ ​ ​ ​ 1,635 ​ ​ ​ ​ ​ 285,805 ​ ​
Samsung Biologics Co., Ltd.*
​ ​ ​ ​ 462 ​ ​ ​ ​ ​ 284,442 ​ ​
Samsung C&T Corp.
​ ​ ​ ​ 2,391 ​ ​ ​ ​ ​ 198,907 ​ ​
Samsung Electro-Mechanics Co., Ltd.
​ ​ ​ ​ 1,451 ​ ​ ​ ​ ​ 123,255 ​ ​
Samsung Electronics Co., Ltd.
​ ​ ​ ​ 88,876 ​ ​ ​ ​ ​ 3,706,156 ​ ​
Samsung Fire & Marine Insurance Co., Ltd.
​ ​ ​ ​ 938 ​ ​ ​ ​ ​ 131,700 ​ ​
Samsung SDI Co., Ltd.
​ ​ ​ ​ 1,088 ​ ​ ​ ​ ​ 562,923 ​ ​
Samsung SDS Co., Ltd.
​ ​ ​ ​ 1,446 ​ ​ ​ ​ ​ 126,891 ​ ​
Shinhan Financial Group Co., Ltd.
​ ​ ​ ​ 11,579 ​ ​ ​ ​ ​ 295,074 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
South Korea (continued) ​
SK Hynix, Inc.
​ ​ ​ ​ 10,491 ​ ​ ​ ​ $ 609,081 ​ ​
SK Innovation Co., Ltd.*
​ ​ ​ ​ 1,098 ​ ​ ​ ​ ​ 133,353 ​ ​
SK Square Co. Ltd.*
​ ​ ​ ​ 2,483 ​ ​ ​ ​ ​ 64,409 ​ ​
SK Telecom Co., Ltd.
​ ​ ​ ​ 1,992 ​ ​ ​ ​ ​ 70,062 ​ ​
SK, Inc.
​ ​ ​ ​ 982 ​ ​ ​ ​ ​ 147,529 ​ ​
Woori Financial Group, Inc.
​ ​ ​ ​ 20,015 ​ ​ ​ ​ ​ 165,100 ​ ​
Total South Korea
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12,319,998 ​ ​
Spain — 2.2% ​
ACS Actividades de Construccion y Servicios SA
​ ​ ​ ​ 5,814 ​ ​ ​ ​ ​ 149,115 ​ ​
Aena SME SA*
​ ​ ​ ​ 1,472 ​ ​ ​ ​ ​ 173,345 ​ ​
Amadeus IT Group SA*
​ ​ ​ ​ 8,111 ​ ​ ​ ​ ​ 422,789 ​ ​
Banco Bilbao Vizcaya Argentaria SA
​ ​ ​ ​ 116,545 ​ ​ ​ ​ ​ 600,009 ​ ​
Banco Santander SA(a)
​ ​ ​ ​ 310,416 ​ ​ ​ ​ ​ 804,427 ​ ​
Bankinter SA
​ ​ ​ ​ 18,947 ​ ​ ​ ​ ​ 114,530 ​ ​
CaixaBank SA
​ ​ ​ ​ 83,353 ​ ​ ​ ​ ​ 276,226 ​ ​
Cellnex Telecom SA*
​ ​ ​ ​ 11,305 ​ ​ ​ ​ ​ 369,835 ​ ​
EDP Renovaveis SA
​ ​ ​ ​ 3,735 ​ ​ ​ ​ ​ 78,665 ​ ​
Endesa SA
​ ​ ​ ​ 5,674 ​ ​ ​ ​ ​ 94,689 ​ ​
Ferrovial SA
​ ​ ​ ​ 10,271 ​ ​ ​ ​ ​ 250,839 ​ ​
Grifols SA*(a)
​ ​ ​ ​ 8,771 ​ ​ ​ ​ ​ 74,604 ​ ​
Iberdrola SA
​ ​ ​ ​ 110,120 ​ ​ ​ ​ ​ 1,118,298 ​ ​
Industria de Diseno Textil SA(a)
​ ​ ​ ​ 19,809 ​ ​ ​ ​ ​ 449,123 ​ ​
Naturgy Energy Group SA
​ ​ ​ ​ 3,018 ​ ​ ​ ​ ​ 77,434 ​ ​
Red Electrica Corp. SA
​ ​ ​ ​ 8,813 ​ ​ ​ ​ ​ 142,414 ​ ​
Repsol SA
​ ​ ​ ​ 25,207 ​ ​ ​ ​ ​ 342,433 ​ ​
Siemens Gamesa Renewable Energy
SA*
​ ​ ​ ​ 4,406 ​ ​ ​ ​ ​ 78,210 ​ ​
Telefonica SA
​ ​ ​ ​ 97,800 ​ ​ ​ ​ ​ 336,861 ​ ​
Total Spain
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,953,846 ​ ​
Sweden — 2.9% ​
Alfa Laval AB
​ ​ ​ ​ 6,749 ​ ​ ​ ​ ​ 166,184 ​ ​
Assa Abloy AB, B Shares
​ ​ ​ ​ 17,234 ​ ​ ​ ​ ​ 347,785 ​ ​
Atlas Copco AB, A Shares
​ ​ ​ ​ 46,409 ​ ​ ​ ​ ​ 495,737 ​ ​
Atlas Copco AB, B Shares(a)
​ ​ ​ ​ 27,359 ​ ​ ​ ​ ​ 264,765 ​ ​
Boliden AB
​ ​ ​ ​ 5,981 ​ ​ ​ ​ ​ 174,064 ​ ​
Castellum AB(a)
​ ​ ​ ​ 7,024 ​ ​ ​ ​ ​ 80,280 ​ ​
Epiroc AB, A Shares(a)
​ ​ ​ ​ 11,857 ​ ​ ​ ​ ​ 181,389 ​ ​
Epiroc AB, B Shares
​ ​ ​ ​ 7,739 ​ ​ ​ ​ ​ 103,895 ​ ​
EQT AB
​ ​ ​ ​ 6,106 ​ ​ ​ ​ ​ 120,236 ​ ​
Essity AB, B Shares
​ ​ ​ ​ 12,135 ​ ​ ​ ​ ​ 256,307 ​ ​
Evolution AB
​ ​ ​ ​ 3,090 ​ ​ ​ ​ ​ 288,854 ​ ​
Getinge AB, B Shares
​ ​ ​ ​ 5,207 ​ ​ ​ ​ ​ 105,691 ​ ​
H & M Hennes & Mauritz AB,
B Shares(a)
​ ​ ​ ​ 17,463 ​ ​ ​ ​ ​ 175,729 ​ ​
Hexagon AB, B Shares
​ ​ ​ ​ 35,358 ​ ​ ​ ​ ​ 349,406 ​ ​
Husqvarna AB, B Shares
​ ​ ​ ​ 12,218 ​ ​ ​ ​ ​ 72,531 ​ ​
Industrivarden AB, A Shares
​ ​ ​ ​ 9,205 ​ ​ ​ ​ ​ 208,416 ​ ​
Indutrade AB
​ ​ ​ ​ 6,453 ​ ​ ​ ​ ​ 112,908 ​ ​
Investor AB, B Shares(a)
​ ​ ​ ​ 41,930 ​ ​ ​ ​ ​ 684,361 ​ ​
Kinnevik AB, B Shares*
​ ​ ​ ​ 6,629 ​ ​ ​ ​ ​ 81,884 ​ ​
Nibe Industrier AB, B Shares
​ ​ ​ ​ 27,299 ​ ​ ​ ​ ​ 217,642 ​ ​
​
See notes to financial statements.
65​
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Sweden (continued) ​
Saab AB, B Shares
​ ​ ​ ​ 2,364 ​ ​ ​ ​ $ 83,475 ​ ​
Sandvik AB
​ ​ ​ ​ 20,752 ​ ​ ​ ​ ​ 324,131 ​ ​
Skandinaviska Enskilda Banken AB,
A Shares
​ ​ ​ ​ 28,248 ​ ​ ​ ​ ​ 297,806 ​ ​
Skanska AB, B Shares
​ ​ ​ ​ 9,334 ​ ​ ​ ​ ​ 145,115 ​ ​
SKF AB, B Shares
​ ​ ​ ​ 8,090 ​ ​ ​ ​ ​ 116,989 ​ ​
Svenska Cellulosa AB SCA, B Shares
​ ​ ​ ​ 12,238 ​ ​ ​ ​ ​ 144,303 ​ ​
Svenska Handelsbanken AB, A Shares
​ ​ ​ ​ 28,488 ​ ​ ​ ​ ​ 264,631 ​ ​
Swedbank AB, A Shares
​ ​ ​ ​ 19,548 ​ ​ ​ ​ ​ 291,262 ​ ​
Swedish Match AB
​ ​ ​ ​ 32,111 ​ ​ ​ ​ ​ 330,105 ​ ​
Tele2 AB, B Shares(a)
​ ​ ​ ​ 12,215 ​ ​ ​ ​ ​ 100,060 ​ ​
Telefonaktiebolaget LM Ericsson,
B Shares
​ ​ ​ ​ 56,854 ​ ​ ​ ​ ​ 315,900 ​ ​
Telia Co. AB(a)
​ ​ ​ ​ 51,047 ​ ​ ​ ​ ​ 135,119 ​ ​
Trelleborg AB, B Shares
​ ​ ​ ​ 6,531 ​ ​ ​ ​ ​ 143,794 ​ ​
Volvo AB, B Shares
​ ​ ​ ​ 32,023 ​ ​ ​ ​ ​ 523,939 ​ ​
Total Sweden
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,704,693 ​ ​
Switzerland — 5.4% ​
ABB Ltd.
​ ​ ​ ​ 29,319 ​ ​ ​ ​ ​ 815,629 ​ ​
Accelleron Industries AG*
​ ​ ​ ​ 1,477 ​ ​ ​ ​ ​ 25,061 ​ ​
Adecco Group AG
​ ​ ​ ​ 3,404 ​ ​ ​ ​ ​ 106,601 ​ ​
Alcon, Inc.
​ ​ ​ ​ 8,345 ​ ​ ​ ​ ​ 508,163 ​ ​
Baloise Holding AG
​ ​ ​ ​ 1,052 ​ ​ ​ ​ ​ 143,806 ​ ​
Barry Callebaut AG
​ ​ ​ ​ 47 ​ ​ ​ ​ ​ 88,951 ​ ​
Chocoladefabriken Lindt & Spruengli
AG
​ ​ ​ ​ 33 ​ ​ ​ ​ ​ 316,563 ​ ​
Cie Financiere Richemont SA, Class A
​ ​ ​ ​ 9,386 ​ ​ ​ ​ ​ 918,576 ​ ​
Clariant AG*
​ ​ ​ ​ 6,580 ​ ​ ​ ​ ​ 105,924 ​ ​
Credit Suisse Group AG(a)
​ ​ ​ ​ 45,836 ​ ​ ​ ​ ​ 189,161 ​ ​
EMS-Chemie Holding AG
​ ​ ​ ​ 158 ​ ​ ​ ​ ​ 99,386 ​ ​
Geberit AG
​ ​ ​ ​ 711 ​ ​ ​ ​ ​ 316,371 ​ ​
Givaudan SA
​ ​ ​ ​ 184 ​ ​ ​ ​ ​ 549,748 ​ ​
Holcim AG*
​ ​ ​ ​ 9,355 ​ ​ ​ ​ ​ 425,147 ​ ​
Julius Baer Group Ltd.
​ ​ ​ ​ 4,267 ​ ​ ​ ​ ​ 204,535 ​ ​
Kuehne + Nagel International AG
​ ​ ​ ​ 858 ​ ​ ​ ​ ​ 182,960 ​ ​
Logitech International SA
​ ​ ​ ​ 2,854 ​ ​ ​ ​ ​ 142,165 ​ ​
Lonza Group AG
​ ​ ​ ​ 1,393 ​ ​ ​ ​ ​ 717,414 ​ ​
Novartis AG
​ ​ ​ ​ 37,933 ​ ​ ​ ​ ​ 3,066,480 ​ ​
Partners Group Holding AG
​ ​ ​ ​ 422 ​ ​ ​ ​ ​ 379,262 ​ ​
PSP Swiss Property AG
​ ​ ​ ​ 1,094 ​ ​ ​ ​ ​ 116,970 ​ ​
Schindler Holding AG — Participating Certificate
​ ​ ​ ​ 1,050 ​ ​ ​ ​ ​ 171,284 ​ ​
SGS SA
​ ​ ​ ​ 111 ​ ​ ​ ​ ​ 245,015 ​ ​
SIG Group AG*
​ ​ ​ ​ 6,714 ​ ​ ​ ​ ​ 129,081 ​ ​
Sika AG
​ ​ ​ ​ 2,756 ​ ​ ​ ​ ​ 621,838 ​ ​
Sonova Holding AG
​ ​ ​ ​ 1,052 ​ ​ ​ ​ ​ 248,822 ​ ​
Straumann Holding AG
​ ​ ​ ​ 2,095 ​ ​ ​ ​ ​ 199,671 ​ ​
Swatch Group AG (The) — Bearer
​ ​ ​ ​ 697 ​ ​ ​ ​ ​ 156,986 ​ ​
Swiss Life Holding AG
​ ​ ​ ​ 613 ​ ​ ​ ​ ​ 297,021 ​ ​
Swiss Prime Site AG
​ ​ ​ ​ 1,850 ​ ​ ​ ​ ​ 149,368 ​ ​
Swisscom AG
​ ​ ​ ​ 492 ​ ​ ​ ​ ​ 243,013 ​ ​
Tecan Group AG
​ ​ ​ ​ 304 ​ ​ ​ ​ ​ 111,606 ​ ​
Temenos AG
​ ​ ​ ​ 1,196 ​ ​ ​ ​ ​ 71,348 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Switzerland (continued) ​
UBS Group AG
​ ​ ​ ​ 56,968 ​ ​ ​ ​ $ 904,543 ​ ​
VAT Group AG
​ ​ ​ ​ 480 ​ ​ ​ ​ ​ 109,742 ​ ​
Zurich Insurance Group AG
​ ​ ​ ​ 2,673 ​ ​ ​ ​ ​ 1,141,317 ​ ​
Total Switzerland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 14,219,528 ​ ​
United Kingdom — 11.1% ​
3i Group PLC
​ ​ ​ ​ 17,557 ​ ​ ​ ​ ​ 234,585 ​ ​
abrdn PLC
​ ​ ​ ​ 46,993 ​ ​ ​ ​ ​ 86,027 ​ ​
Admiral Group PLC
​ ​ ​ ​ 5,070 ​ ​ ​ ​ ​ 117,739 ​ ​
Ashtead Group PLC
​ ​ ​ ​ 8,312 ​ ​ ​ ​ ​ 435,434 ​ ​
Associated British Foods PLC
​ ​ ​ ​ 6,841 ​ ​ ​ ​ ​ 106,291 ​ ​
AstraZeneca PLC
​ ​ ​ ​ 27,197 ​ ​ ​ ​ ​ 3,210,846 ​ ​
Auto Trader Group PLC
​ ​ ​ ​ 19,172 ​ ​ ​ ​ ​ 115,136 ​ ​
Aviva PLC
​ ​ ​ ​ 51,599 ​ ​ ​ ​ ​ 248,386 ​ ​
B&M European Value Retail SA
​ ​ ​ ​ 18,143 ​ ​ ​ ​ ​ 67,387 ​ ​
BAE Systems PLC
​ ​ ​ ​ 61,649 ​ ​ ​ ​ ​ 578,055 ​ ​
Barclays PLC
​ ​ ​ ​ 298,667 ​ ​ ​ ​ ​ 508,100 ​ ​
Barratt Developments PLC
​ ​ ​ ​ 20,626 ​ ​ ​ ​ ​ 89,339 ​ ​
Bellway PLC
​ ​ ​ ​ 3,048 ​ ​ ​ ​ ​ 65,097 ​ ​
Berkeley Group Holdings PLC
​ ​ ​ ​ 2,238 ​ ​ ​ ​ ​ 89,438 ​ ​
BP PLC
​ ​ ​ ​ 346,192 ​ ​ ​ ​ ​ 1,912,416 ​ ​
British American Tobacco PLC
​ ​ ​ ​ 40,496 ​ ​ ​ ​ ​ 1,600,864 ​ ​
British Land Co. PLC (The)
​ ​ ​ ​ 19,287 ​ ​ ​ ​ ​ 81,252 ​ ​
BT Group PLC
​ ​ ​ ​ 131,520 ​ ​ ​ ​ ​ 196,549 ​ ​
Bunzl PLC
​ ​ ​ ​ 7,164 ​ ​ ​ ​ ​ 234,332 ​ ​
Burberry Group PLC
​ ​ ​ ​ 8,119 ​ ​ ​ ​ ​ 169,662 ​ ​
Centrica PLC
​ ​ ​ ​ 106,640 ​ ​ ​ ​ ​ 94,074 ​ ​
CK Hutchison Holdings Ltd.
​ ​ ​ ​ 55,620 ​ ​ ​ ​ ​ 276,334 ​ ​
CNH Industrial NV
​ ​ ​ ​ 19,892 ​ ​ ​ ​ ​ 257,647 ​ ​
Compass Group PLC
​ ​ ​ ​ 33,288 ​ ​ ​ ​ ​ 703,856 ​ ​
Croda International PLC
​ ​ ​ ​ 2,595 ​ ​ ​ ​ ​ 201,971 ​ ​
DCC PLC
​ ​ ​ ​ 1,981 ​ ​ ​ ​ ​ 110,391 ​ ​
Dechra Pharmaceuticals PLC
​ ​ ​ ​ 2,063 ​ ​ ​ ​ ​ 62,231 ​ ​
Diageo PLC
​ ​ ​ ​ 41,054 ​ ​ ​ ​ ​ 1,700,677 ​ ​
Direct Line Insurance Group PLC
​ ​ ​ ​ 27,873 ​ ​ ​ ​ ​ 64,760 ​ ​
Entain PLC
​ ​ ​ ​ 11,813 ​ ​ ​ ​ ​ 171,778 ​ ​
Experian PLC
​ ​ ​ ​ 17,518 ​ ​ ​ ​ ​ 559,495 ​ ​
Haleon PLC*
​ ​ ​ ​ 92,279 ​ ​ ​ ​ ​ 284,736 ​ ​
Halma PLC
​ ​ ​ ​ 6,979 ​ ​ ​ ​ ​ 169,945 ​ ​
Howden Joinery Group PLC
​ ​ ​ ​ 13,134 ​ ​ ​ ​ ​ 77,726 ​ ​
HSBC Holdings PLC
​ ​ ​ ​ 357,277 ​ ​ ​ ​ ​ 1,839,963 ​ ​
IMI PLC
​ ​ ​ ​ 5,496 ​ ​ ​ ​ ​ 77,705 ​ ​
Imperial Brands PLC
​ ​ ​ ​ 18,280 ​ ​ ​ ​ ​ 447,029 ​ ​
Informa PLC
​ ​ ​ ​ 30,057 ​ ​ ​ ​ ​ 192,271 ​ ​
InterContinental Hotels Group PLC
​ ​ ​ ​ 3,985 ​ ​ ​ ​ ​ 215,457 ​ ​
Intermediate Capital Group PLC
​ ​ ​ ​ 6,229 ​ ​ ​ ​ ​ 76,164 ​ ​
Intertek Group PLC
​ ​ ​ ​ 3,237 ​ ​ ​ ​ ​ 136,181 ​ ​
ITV PLC
​ ​ ​ ​ 87,694 ​ ​ ​ ​ ​ 67,647 ​ ​
JD Sports Fashion PLC
​ ​ ​ ​ 50,458 ​ ​ ​ ​ ​ 56,607 ​ ​
Johnson Matthey PLC(a)
​ ​ ​ ​ 3,618 ​ ​ ​ ​ ​ 80,583 ​ ​
Just Eat Takeaway.com NV*
​ ​ ​ ​ 3,957 ​ ​ ​ ​ ​ 67,893 ​ ​
Kingfisher PLC
​ ​ ​ ​ 43,863 ​ ​ ​ ​ ​ 110,548 ​ ​
Land Securities Group PLC
​ ​ ​ ​ 17,197 ​ ​ ​ ​ ​ 112,937 ​ ​
​
See notes to financial statements.
66
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United Kingdom (continued) ​
Legal & General Group PLC
​ ​ ​ ​ 105,373 ​ ​ ​ ​ $ 282,556 ​ ​
Lloyds Banking Group PLC
​ ​ ​ ​ 1,250,893 ​ ​ ​ ​ ​ 605,176 ​ ​
London Stock Exchange Group PLC
​ ​ ​ ​ 6,416 ​ ​ ​ ​ ​ 558,902 ​ ​
M&G PLC
​ ​ ​ ​ 52,431 ​ ​ ​ ​ ​ 105,761 ​ ​
Melrose Industries PLC
​ ​ ​ ​ 85,326 ​ ​ ​ ​ ​ 114,842 ​ ​
National Grid PLC
​ ​ ​ ​ 64,465 ​ ​ ​ ​ ​ 703,916 ​ ​
NatWest Group PLC
​ ​ ​ ​ 87,974 ​ ​ ​ ​ ​ 237,825 ​ ​
Next PLC
​ ​ ​ ​ 2,310 ​ ​ ​ ​ ​ 131,092 ​ ​
Ocado Group PLC*(a)
​ ​ ​ ​ 10,819 ​ ​ ​ ​ ​ 58,844 ​ ​
Pearson PLC
​ ​ ​ ​ 15,803 ​ ​ ​ ​ ​ 174,742 ​ ​
Persimmon PLC
​ ​ ​ ​ 6,470 ​ ​ ​ ​ ​ 97,212 ​ ​
Reckitt Benckiser Group PLC
​ ​ ​ ​ 12,984 ​ ​ ​ ​ ​ 864,055 ​ ​
RELX PLC
​ ​ ​ ​ 34,656 ​ ​ ​ ​ ​ 934,082 ​ ​
Rentokil Initial PLC
​ ​ ​ ​ 36,198 ​ ​ ​ ​ ​ 226,886 ​ ​
Rightmove PLC
​ ​ ​ ​ 17,611 ​ ​ ​ ​ ​ 99,719 ​ ​
Rolls-Royce Holdings PLC*
​ ​ ​ ​ 172,814 ​ ​ ​ ​ ​ 155,494 ​ ​
Sage Group PLC (The)
​ ​ ​ ​ 21,418 ​ ​ ​ ​ ​ 179,225 ​ ​
Schroders PLC
​ ​ ​ ​ 10,947 ​ ​ ​ ​ ​ 49,369 ​ ​
Segro PLC
​ ​ ​ ​ 20,991 ​ ​ ​ ​ ​ 189,718 ​ ​
Severn Trent PLC
​ ​ ​ ​ 5,059 ​ ​ ​ ​ ​ 145,791 ​ ​
Smith & Nephew PLC
​ ​ ​ ​ 16,816 ​ ​ ​ ​ ​ 199,418 ​ ​
Smiths Group PLC
​ ​ ​ ​ 7,878 ​ ​ ​ ​ ​ 141,542 ​ ​
Spirax-Sarco Engineering PLC
​ ​ ​ ​ 1,459 ​ ​ ​ ​ ​ 180,580 ​ ​
SSE PLC
​ ​ ​ ​ 18,733 ​ ​ ​ ​ ​ 335,600 ​ ​
St James’s Place PLC
​ ​ ​ ​ 10,127 ​ ​ ​ ​ ​ 124,175 ​ ​
Standard Chartered PLC
​ ​ ​ ​ 45,312 ​ ​ ​ ​ ​ 271,387 ​ ​
Tate & Lyle PLC
​ ​ ​ ​ 10,360 ​ ​ ​ ​ ​ 83,615 ​ ​
Taylor Wimpey PLC
​ ​ ​ ​ 70,555 ​ ​ ​ ​ ​ 76,180 ​ ​
Tesco PLC
​ ​ ​ ​ 136,049 ​ ​ ​ ​ ​ 336,931 ​ ​
Unilever PLC
​ ​ ​ ​ 46,526 ​ ​ ​ ​ ​ 2,129,038 ​ ​
United Utilities Group PLC
​ ​ ​ ​ 13,564 ​ ​ ​ ​ ​ 146,705 ​ ​
Vodafone Group PLC
​ ​ ​ ​ 474,789 ​ ​ ​ ​ ​ 555,611 ​ ​
Weir Group PLC (The)
​ ​ ​ ​ 5,757 ​ ​ ​ ​ ​ 100,916 ​ ​
Whitbread PLC
​ ​ ​ ​ 4,907 ​ ​ ​ ​ ​ 145,309 ​ ​
WPP PLC
​ ​ ​ ​ 21,100 ​ ​ ​ ​ ​ 186,087 ​ ​
Total United Kingdom
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 29,291,842 ​ ​
United States — 6.2% ​
Amcor PLC
​ ​ ​ ​ 32,709 ​ ​ ​ ​ ​ 378,367 ​ ​
Computershare Ltd.
​ ​ ​ ​ 12,186 ​ ​ ​ ​ ​ 196,913 ​ ​
CSL Ltd.
​ ​ ​ ​ 9,194 ​ ​ ​ ​ ​ 1,648,975 ​ ​
Ferguson PLC
​ ​ ​ ​ 3,879 ​ ​ ​ ​ ​ 424,723 ​ ​
GSK PLC
​ ​ ​ ​ 72,040 ​ ​ ​ ​ ​ 1,185,087 ​ ​
James Hardie Industries PLC
​ ​ ​ ​ 8,330 ​ ​ ​ ​ ​ 181,105 ​ ​
Nestle SA
​ ​ ​ ​ 50,121 ​ ​ ​ ​ ​ 5,461,098 ​ ​
QIAGEN NV*
​ ​ ​ ​ 4,846 ​ ​ ​ ​ ​ 209,303 ​ ​
Roche Holding AG
​ ​ ​ ​ 13,139 ​ ​ ​ ​ ​ 4,366,100 ​ ​
Samsonite International SA*
​ ​ ​ ​ 26,204 ​ ​ ​ ​ ​ 56,348 ​ ​
Schneider Electric SE
​ ​ ​ ​ 9,802 ​ ​ ​ ​ ​ 1,242,555 ​ ​
Signify NV
​ ​ ​ ​ 1,938 ​ ​ ​ ​ ​ 53,747 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United States (continued) ​
Stellantis NV*
​ ​ ​ ​ 37,858 ​ ​ ​ ​ $ 511,114 ​ ​
Swiss Re AG
​ ​ ​ ​ 5,514 ​ ​ ​ ​ ​ 409,934 ​ ​
Tenaris SA
​ ​ ​ ​ 7,552 ​ ​ ​ ​ ​ 117,222 ​ ​
Total United States
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 16,442,591 ​ ​
Total Common Stocks
(Cost $303,164,681)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 263,005,910 ​ ​
Preferred Stocks — 0.5% ​
Germany — 0.3% ​
Henkel AG & Co. KGaA, 2.96%
​ ​ ​ ​ 3,574 ​ ​ ​ ​ ​ 225,293 ​ ​
Sartorius AG, 0.29%
​ ​ ​ ​ 502 ​ ​ ​ ​ ​ 177,175 ​ ​
Volkswagen AG, 5.31%
​ ​ ​ ​ 3,957 ​ ​ ​ ​ ​ 505,835 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 908,303 ​ ​
South Korea — 0.2% ​
Samsung Electronics Co., Ltd., 2.56%
​ ​ ​ ​ 14,867 ​ ​ ​ ​ ​ 556,293 ​ ​
Total Preferred Stocks
(Cost $1,679,217)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,464,596 ​ ​
Rights — 0.0%(b) ​
South Korea — 0.0%(b) ​
HLB, Inc., expires 11/28/22*(c)
(Cost $0)
​ ​ ​ ​ 184 ​ ​ ​ ​
​
114
 ​ ​
Short-Term Investment — 0.4% ​
Money Market Fund — 0.4% ​
Dreyfus Government Cash Management Fund, Institutional Shares, 2.91%(d)(e)
(Cost $1,097,062)
​ ​ ​ ​ 1,097,062 ​ ​ ​ ​
​
1,097,062
 ​ ​
Total Investments — 100.2%
(Cost $305,940,960)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 265,567,682 ​ ​
Other Assets and Liabilities,
Net — (0.2)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (658,510) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 264,909,172 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $3,117,925; total market value of collateral held by the Fund was $3,322,457. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of  $2,225,396.
​
(b)
Less than 0.05%.
​
(c)
Security is fair valued as determined in good faith in accordance with the procedures established by the Board of Trustees. The security is fair valued using significant unobservable inputs.
​
(d)
Reflects the 1-day yield at October 31, 2022.
​
(e)
Represents security purchased with cash collateral received for securities on loan.
​
​
See notes to financial statements.
67​
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
Forward Foreign Currency Contracts Outstanding as of October 31, 2022:
Purchased Contracts
​ ​
Settlement
Date
​ ​
Counterparty
​ ​
Currency
Amount
Purchased
​ ​
Value at
Settlement
Date
​ ​
Value at
October 31,
2022
​ ​
Unrealized
Appreciation
​
Australian Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 16,135,461 ​ ​ ​ ​ $ 10,319,128 ​ ​ ​ ​ $ 10,319,896 ​ ​ ​ ​ $ 768 ​ ​
Swiss Franc
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 11,654,051 ​ ​ ​ ​ ​ 11,651,092 ​ ​ ​ ​ ​ 11,654,132 ​ ​ ​ ​ ​ 3,040 ​ ​
Danish Krone
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 22,251,519 ​ ​ ​ ​ ​ 2,954,815 ​ ​ ​ ​ ​ 2,955,608 ​ ​ ​ ​ ​ 793 ​ ​
Euro
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 34,968,301 ​ ​ ​ ​ ​ 34,571,865 ​ ​ ​ ​ ​ 34,578,001 ​ ​ ​ ​ ​ 6,136 ​ ​
British Pound
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 16,525,711 ​ ​ ​ ​ ​ 19,028,910 ​ ​ ​ ​ ​ 19,030,465 ​ ​ ​ ​ ​ 1,555 ​ ​
Israeli Shekel
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 3,423,891 ​ ​ ​ ​ ​ 972,965 ​ ​ ​ ​ ​ 973,261 ​ ​ ​ ​ ​ 296 ​ ​
Japanese Yen
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 4,327,704,510 ​ ​ ​ ​ ​ 29,130,811 ​ ​ ​ ​ ​ 29,138,880 ​ ​ ​ ​ ​ 8,069 ​ ​
South Korean Won#
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 8,428,469,324 ​ ​ ​ ​ ​ 5,916,791 ​ ​ ​ ​ ​ 5,917,190 ​ ​ ​ ​ ​ 399 ​ ​
Norwegian Krone
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 10,618,491 ​ ​ ​ ​ ​ 1,021,377 ​ ​ ​ ​ ​ 1,021,545 ​ ​ ​ ​ ​ 168 ​ ​
New Zealand Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 704,700 ​ ​ ​ ​ ​ 409,404 ​ ​ ​ ​ ​ 409,442 ​ ​ ​ ​ ​ 38 ​ ​
Swedish Krona
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 39,721,938 ​ ​ ​ ​ ​ 3,595,419 ​ ​ ​ ​ ​ 3,596,208 ​ ​ ​ ​ ​ 789 ​ ​
Unrealized Appreciation
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 119,572,577 ​ ​ ​ ​ $ 119,594,628 ​ ​ ​ ​ $ 22,051 ​ ​
Sold Contracts
​ ​
Settlement
Date
​ ​
Counterparty
​ ​
Currency
Amount
Sold
​ ​
Value at
Settlement
Date
​ ​
Value at
October 31,
2022
​ ​
Unrealized
Appreciation
​
Australian Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (14,901,978) ​ ​ ​ ​ $ (9,584,416) ​ ​ ​ ​ $ (9,530,986) ​ ​ ​ ​ $ 53,430 ​ ​
Swiss Franc
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (10,774,762) ​ ​ ​ ​ ​ (10,978,219) ​ ​ ​ ​ ​ (10,774,837) ​ ​ ​ ​ ​ 203,382 ​ ​
Hong Kong Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (28,129,694) ​ ​ ​ ​ ​ (3,585,610) ​ ​ ​ ​ ​ (3,583,969) ​ ​ ​ ​ ​ 1,641 ​ ​
Japanese Yen
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (3,997,715,077) ​ ​ ​ ​ ​ (27,706,007) ​ ​ ​ ​ ​ (26,917,027) ​ ​ ​ ​ ​ 788,980 ​ ​
South Korean Won#
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (295,100,546) ​ ​ ​ ​ ​ (208,106) ​ ​ ​ ​ ​ (207,175) ​ ​ ​ ​ ​ 931 ​ ​
Polish Zloty
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (1,193,342) ​ ​ ​ ​ ​ (249,142) ​ ​ ​ ​ ​ (248,822) ​ ​ ​ ​ ​ 320 ​ ​
Swedish Krona
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (912,366) ​ ​ ​ ​ ​ (83,150) ​ ​ ​ ​ ​ (82,600) ​ ​ ​ ​ ​ 550 ​ ​
Unrealized Appreciation
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (52,394,650) ​ ​ ​ ​ $ (51,345,416) ​ ​ ​ ​ $ 1,049,234 ​ ​
Total Unrealized Appreciation
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
$
1,071,285
 ​ ​
Purchased Contracts
​ ​
Settlement
Date
​ ​
Counterparty
​ ​
Currency
Amount
Purchased
​ ​
Value at
Settlement
Date
​ ​
Value at
October 31,
2022
​ ​
Unrealized
(Depreciation)
​
Hong Kong Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 28,129,694 ​ ​ ​ ​ $ 3,584,046 ​ ​ ​ ​ $ 3,583,969 ​ ​ ​ ​ $ (77) ​ ​
Hong Kong Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 1,090,680 ​ ​ ​ ​ ​ 228,480 ​ ​ ​ ​ ​ 228,390 ​ ​ ​ ​ ​ (90) ​ ​
Singapore Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ 2,625,155 ​ ​ ​ ​ ​ 1,855,344 ​ ​ ​ ​ ​ 1,855,182 ​ ​ ​ ​ ​ (162) ​ ​
Unrealized Depreciation
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,667,870 ​ ​ ​ ​ $ 5,667,541 ​ ​ ​ ​ $ (329) ​ ​
Sold Contracts
​ ​
Settlement
Date
​ ​
Counterparty
​ ​
Currency
Amount Sold
​ ​
Value at
Settlement
Date
​ ​
Value at
October 31,
2022
​ ​
Unrealized
(Depreciation)
​
Australian Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (1,233,483) ​ ​ ​ ​ $ (776,249) ​ ​ ​ ​ $ (788,909) ​ ​ ​ ​ $ (12,660) ​ ​
Australian Dollar
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (17,099,811) ​ ​ ​ ​ ​ (10,941,981) ​ ​ ​ ​ ​ (10,946,100) ​ ​ ​ ​ ​ (4,119) ​ ​
Swiss Franc
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (879,289) ​ ​ ​ ​ ​ (877,188) ​ ​ ​ ​ ​ (879,295) ​ ​ ​ ​ ​ (2,107) ​ ​
Swiss Franc
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (12,249,792) ​ ​ ​ ​ ​ (12,282,180) ​ ​ ​ ​ ​ (12,289,799) ​ ​ ​ ​ ​ (7,619) ​ ​
Danish Krone
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (22,251,519) ​ ​ ​ ​ ​ (2,938,705) ​ ​ ​ ​ ​ (2,955,608) ​ ​ ​ ​ ​ (16,903) ​ ​
Danish Krone
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (24,224,162) ​ ​ ​ ​ ​ (3,223,529) ​ ​ ​ ​ ​ (3,224,980) ​ ​ ​ ​ ​ (1,451) ​ ​
Euro
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (34,968,301) ​ ​ ​ ​ ​ (34,336,198) ​ ​ ​ ​ ​ (34,578,001) ​ ​ ​ ​ ​ (241,803) ​ ​
Euro
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (37,893,744) ​ ​ ​ ​ ​ (37,533,943) ​ ​ ​ ​ ​ (37,552,636) ​ ​ ​ ​ ​ (18,693) ​ ​
British Pound
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (16,525,711) ​ ​ ​ ​ ​ (18,472,464) ​ ​ ​ ​ ​ (19,030,465) ​ ​ ​ ​ ​ (558,001) ​ ​
British Pound
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (17,118,511) ​ ​ ​ ​ ​ (19,724,051) ​ ​ ​ ​ ​ (19,730,506) ​ ​ ​ ​ ​ (6,455) ​ ​
Hong Kong Dollar
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (24,714,716) ​ ​ ​ ​ ​ (3,150,071) ​ ​ ​ ​ ​ (3,150,350) ​ ​ ​ ​ ​ (279) ​ ​
Israeli Shekel
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (3,423,891) ​ ​ ​ ​ ​ (965,598) ​ ​ ​ ​ ​ (973,261) ​ ​ ​ ​ ​ (7,663) ​ ​
Israeli Shekel
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (3,656,847) ​ ​ ​ ​ ​ (1,040,805) ​ ​ ​ ​ ​ (1,041,618) ​ ​ ​ ​ ​ (813) ​ ​
Japanese Yen
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (329,989,433) ​ ​ ​ ​ ​ (2,207,455) ​ ​ ​ ​ ​ (2,221,853) ​ ​ ​ ​ ​ (14,398) ​ ​
Japanese Yen
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (4,560,173,690) ​ ​ ​ ​ ​ (30,788,780) ​ ​ ​ ​ ​ (30,808,182) ​ ​ ​ ​ ​ (19,402) ​ ​
South Korean Won#
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (8,133,368,778) ​ ​ ​ ​ ​ (5,667,569) ​ ​ ​ ​ ​ (5,710,015) ​ ​ ​ ​ ​ (42,446) ​ ​
See notes to financial statements.
68
TABLE OF CONTENTS
Schedule of Investments — IQ FTSE International Equity Currency Neutral ETF (continued)
​
October 31, 2022 (unaudited)
Sold Contracts
​ ​
Settlement
Date
​ ​
Counterparty
​ ​
Currency
Amount Sold
​ ​
Value at
Settlement
Date
​ ​
Value at
October 31,
2022
​ ​
Unrealized
(Depreciation)
​
South Korean Won#
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (9,084,776,800) ​ ​ ​ ​ $ (6,345,713) ​ ​ ​ ​ $ (6,380,139) ​ ​ ​ ​ $ (34,426) ​ ​
Norwegian Krone
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (10,618,491) ​ ​ ​ ​ ​ (977,528) ​ ​ ​ ​ ​ (1,021,545) ​ ​ ​ ​ ​ (44,017) ​ ​
Norwegian Krone
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (11,126,751) ​ ​ ​ ​ ​ (1,071,156) ​ ​ ​ ​ ​ (1,071,456) ​ ​ ​ ​ ​ (300) ​ ​
New Zealand Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (704,700) ​ ​ ​ ​ ​ (398,863) ​ ​ ​ ​ ​ (409,442) ​ ​ ​ ​ ​ (10,579) ​ ​
New Zealand Dollar
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (740,587) ​ ​ ​ ​ ​ (430,429) ​ ​ ​ ​ ​ (430,490) ​ ​ ​ ​ ​ (61) ​ ​
Polish Zloty
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (1,090,680) ​ ​ ​ ​ ​ (219,854) ​ ​ ​ ​ ​ (228,390) ​ ​ ​ ​ ​ (8,536) ​ ​
Swedish Krona
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (38,809,572) ​ ​ ​ ​ ​ (3,500,351) ​ ​ ​ ​ ​ (3,513,608) ​ ​ ​ ​ ​ (13,257) ​ ​
Swedish Krona
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (42,625,809) ​ ​ ​ ​ ​ (3,864,839) ​ ​ ​ ​ ​ (3,867,206) ​ ​ ​ ​ ​ (2,367) ​ ​
Singapore Dollar
​ ​ ​ ​ 11/07/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (2,625,155) ​ ​ ​ ​ ​ (1,830,878) ​ ​ ​ ​ ​ (1,855,182) ​ ​ ​ ​ ​ (24,304) ​ ​
Singapore Dollar
​ ​ ​ ​ 12/05/22 ​ ​ ​
Morgan Stanley
​ ​ ​ ​ (2,609,941) ​ ​ ​ ​ ​ (1,844,581) ​ ​ ​ ​ ​ (1,844,750) ​ ​ ​ ​ ​ (169) ​ ​
Unrealized Depreciation
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (205,410,958) ​ ​ ​ ​ $ (206,503,786) ​ ​ ​ ​ $ (1,092,828) ​ ​
Total Unrealized Depreciation
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
$
(1,093,157)
 ​ ​
Net Unrealized Appreciation (Depreciation)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (21,872) ​ ​
​
As of October 31, 2022, there was no collateral segregated by the counterparty for forward foreign currency contracts.
#
Non-deliverable forward.
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(f) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 263,005,910 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 263,005,910 ​ ​
Preferred Stocks
​ ​ ​ ​ 1,464,596 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,464,596 ​ ​
Right
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 114(g) ​ ​ ​ ​ ​ 114 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 1,097,062 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,097,062 ​ ​
Total Investments in Securities
​ ​ ​ ​ 265,567,568 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 114 ​ ​ ​ ​ ​ 265,567,682 ​ ​
Other Financial Instruments:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Forward Foreign Currency Contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,071,285 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,071,285 ​ ​
Total Investments in Securities and Other Financial Instruments
​ ​ ​ $ 265,567,568 ​ ​ ​ ​ $ 1,071,285 ​ ​ ​ ​ $ 114 ​ ​ ​ ​ $ 266,638,967 ​ ​
Liability Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Other Financial Instruments:(h) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Forward Foreign Currency Contracts
​ ​ ​ $ — ​ ​ ​ ​ $ 1,093,157 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 1,093,157 ​ ​
​
(f)
For a complete listing of investments and their countries, see the Schedule of Investments.
​
(g)
The Level 3 security, valued at $114, has been fair valued in good faith in accordance with procedures established by the Board of Trustees.
​
(h)
Reflects the unrealized appreciation (depreciation) of the instruments.
​
A reconciliation of assets in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the beginning and/or end of the period.
See notes to financial statements.
69​
TABLE OF CONTENTS​
Schedule of Investments — IQ Chaikin U.S. Large Cap ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.8% ​
Communication Services — 5.8% ​
Alphabet, Inc., Class A*
​ ​ ​ ​ 22,650 ​ ​ ​ ​ $ 2,140,651 ​ ​
Electronic Arts, Inc.
​ ​ ​ ​ 24,898 ​ ​ ​ ​ ​ 3,136,152 ​ ​
Meta Platforms, Inc., Class A*
​ ​ ​ ​ 14,166 ​ ​ ​ ​ ​ 1,319,705 ​ ​
Netflix, Inc.*
​ ​ ​ ​ 8,409 ​ ​ ​ ​ ​ 2,454,419 ​ ​
Snap, Inc., Class A*
​ ​ ​ ​ 87,521 ​ ​ ​ ​ ​ 867,333 ​ ​
T-Mobile US, Inc.*
​ ​ ​ ​ 24,541 ​ ​ ​ ​ ​ 3,719,434 ​ ​
Walt Disney Co. (The)*
​ ​ ​ ​ 22,965 ​ ​ ​ ​ ​ 2,446,691 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 16,084,385 ​ ​
Consumer Discretionary — 13.1% ​
AutoZone, Inc.*
​ ​ ​ ​ 1,541 ​ ​ ​ ​ ​ 3,903,168 ​ ​
Chipotle Mexican Grill, Inc.*
​ ​ ​ ​ 1,991 ​ ​ ​ ​ ​ 2,983,175 ​ ​
Dollar General Corp.
​ ​ ​ ​ 14,148 ​ ​ ​ ​ ​ 3,608,448 ​ ​
DR Horton, Inc.
​ ​ ​ ​ 42,274 ​ ​ ​ ​ ​ 3,250,025 ​ ​
Home Depot, Inc. (The)
​ ​ ​ ​ 10,523 ​ ​ ​ ​ ​ 3,116,176 ​ ​
Las Vegas Sands Corp.*
​ ​ ​ ​ 81,036 ​ ​ ​ ​ ​ 3,080,178 ​ ​
Lennar Corp., Class A
​ ​ ​ ​ 38,806 ​ ​ ​ ​ ​ 3,131,644 ​ ​
Lowe’s Cos., Inc.
​ ​ ​ ​ 15,579 ​ ​ ​ ​ ​ 3,037,126 ​ ​
O’Reilly Automotive, Inc.*
​ ​ ​ ​ 4,599 ​ ​ ​ ​ ​ 3,850,145 ​ ​
Peloton Interactive, Inc., Class A*(a)
​ ​ ​ ​ 119,223 ​ ​ ​ ​ ​ 1,001,473 ​ ​
Starbucks Corp.
​ ​ ​ ​ 34,625 ​ ​ ​ ​ ​ 2,998,179 ​ ​
Target Corp.
​ ​ ​ ​ 14,842 ​ ​ ​ ​ ​ 2,437,799 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 36,397,536 ​ ​
Consumer Staples — 4.4% ​
Altria Group, Inc.
​ ​ ​ ​ 60,285 ​ ​ ​ ​ ​ 2,789,387 ​ ​
Keurig Dr Pepper, Inc.
​ ​ ​ ​ 83,110 ​ ​ ​ ​ ​ 3,227,993 ​ ​
Kraft Heinz Co. (The)
​ ​ ​ ​ 79,966 ​ ​ ​ ​ ​ 3,076,292 ​ ​
Philip Morris International, Inc.
​ ​ ​ ​ 33,531 ​ ​ ​ ​ ​ 3,079,822 ​ ​
Total Consumer Staples
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12,173,494 ​ ​
Energy — 3.9% ​
Chevron Corp.
​ ​ ​ ​ 19,344 ​ ​ ​ ​ ​ 3,499,330 ​ ​
Exxon Mobil Corp.
​ ​ ​ ​ 38,139 ​ ​ ​ ​ ​ 4,226,183 ​ ​
Kinder Morgan, Inc.
​ ​ ​ ​ 166,571 ​ ​ ​ ​ ​ 3,018,266 ​ ​
Total Energy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,743,779 ​ ​
Financials — 12.6% ​
BlackRock, Inc.
​ ​ ​ ​ 4,122 ​ ​ ​ ​ ​ 2,662,441 ​ ​
Charles Schwab Corp. (The)
​ ​ ​ ​ 37,361 ​ ​ ​ ​ ​ 2,976,551 ​ ​
Chubb Ltd.
​ ​ ​ ​ 14,726 ​ ​ ​ ​ ​ 3,164,470 ​ ​
First Republic Bank
​ ​ ​ ​ 19,432 ​ ​ ​ ​ ​ 2,333,783 ​ ​
Marsh & McLennan Cos., Inc.
​ ​ ​ ​ 18,483 ​ ​ ​ ​ ​ 2,984,820 ​ ​
MetLife, Inc.
​ ​ ​ ​ 44,819 ​ ​ ​ ​ ​ 3,281,199 ​ ​
Moody’s Corp.
​ ​ ​ ​ 9,335 ​ ​ ​ ​ ​ 2,472,561 ​ ​
Nasdaq, Inc.
​ ​ ​ ​ 53,028 ​ ​ ​ ​ ​ 3,300,463 ​ ​
PNC Financial Services Group, Inc. (The)
​ ​ ​ ​ 17,077 ​ ​ ​ ​ ​ 2,763,571 ​ ​
Progressive Corp. (The)
​ ​ ​ ​ 27,633 ​ ​ ​ ​ ​ 3,548,077 ​ ​
Travelers Cos., Inc. (The)
​ ​ ​ ​ 17,238 ​ ​ ​ ​ ​ 3,179,721 ​ ​
US Bancorp
​ ​ ​ ​ 59,264 ​ ​ ​ ​ ​ 2,515,757 ​ ​
Total Financials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 35,183,414 ​ ​
Health Care — 20.1% ​
Abbott Laboratories
​ ​ ​ ​ 26,613 ​ ​ ​ ​ ​ 2,633,090 ​ ​
AbbVie, Inc.
​ ​ ​ ​ 19,430 ​ ​ ​ ​ ​ 2,844,552 ​ ​
Centene Corp.*
​ ​ ​ ​ 37,414 ​ ​ ​ ​ ​ 3,185,054 ​ ​
Cigna Corp.
​ ​ ​ ​ 13,146 ​ ​ ​ ​ ​ 4,246,947 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Health Care (continued) ​
CVS Health Corp.
​ ​ ​ ​ 31,122 ​ ​ ​ ​ $ 2,947,253 ​ ​
Danaher Corp.
​ ​ ​ ​ 10,738 ​ ​ ​ ​ ​ 2,702,433 ​ ​
Elevance Health, Inc.
​ ​ ​ ​ 6,412 ​ ​ ​ ​ ​ 3,505,889 ​ ​
Gilead Sciences, Inc.
​ ​ ​ ​ 52,983 ​ ​ ​ ​ ​ 4,157,046 ​ ​
IDEXX Laboratories, Inc.*
​ ​ ​ ​ 5,758 ​ ​ ​ ​ ​ 2,071,037 ​ ​
IQVIA Holdings, Inc.*
​ ​ ​ ​ 13,623 ​ ​ ​ ​ ​ 2,856,334 ​ ​
McKesson Corp.
​ ​ ​ ​ 10,289 ​ ​ ​ ​ ​ 4,006,228 ​ ​
Mettler-Toledo International, Inc.*
​ ​ ​ ​ 2,294 ​ ​ ​ ​ ​ 2,901,749 ​ ​
Pfizer, Inc.
​ ​ ​ ​ 60,843 ​ ​ ​ ​ ​ 2,832,242 ​ ​
Regeneron Pharmaceuticals, Inc.*
​ ​ ​ ​ 4,510 ​ ​ ​ ​ ​ 3,376,863 ​ ​
Thermo Fisher Scientific, Inc.
​ ​ ​ ​ 5,333 ​ ​ ​ ​ ​ 2,741,002 ​ ​
UnitedHealth Group, Inc.
​ ​ ​ ​ 6,177 ​ ​ ​ ​ ​ 3,429,162 ​ ​
Vertex Pharmaceuticals, Inc.*
​ ​ ​ ​ 12,070 ​ ​ ​ ​ ​ 3,765,840 ​ ​
West Pharmaceutical Services, Inc.
​ ​ ​ ​ 7,669 ​ ​ ​ ​ ​ 1,764,637 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 55,967,358 ​ ​
Industrials — 13.0% ​
3M Co.
​ ​ ​ ​ 21,157 ​ ​ ​ ​ ​ 2,661,339 ​ ​
Caterpillar, Inc.
​ ​ ​ ​ 14,136 ​ ​ ​ ​ ​ 3,059,879 ​ ​
Cummins, Inc.
​ ​ ​ ​ 15,357 ​ ​ ​ ​ ​ 3,754,940 ​ ​
Deere & Co.
​ ​ ​ ​ 7,582 ​ ​ ​ ​ ​ 3,001,107 ​ ​
Emerson Electric Co.
​ ​ ​ ​ 32,125 ​ ​ ​ ​ ​ 2,782,025 ​ ​
General Dynamics Corp.
​ ​ ​ ​ 13,060 ​ ​ ​ ​ ​ 3,262,388 ​ ​
General Electric Co.
​ ​ ​ ​ 34,425 ​ ​ ​ ​ ​ 2,678,609 ​ ​
Lockheed Martin Corp.
​ ​ ​ ​ 7,136 ​ ​ ​ ​ ​ 3,472,948 ​ ​
Old Dominion Freight Line, Inc.
​ ​ ​ ​ 10,546 ​ ​ ​ ​ ​ 2,895,932 ​ ​
Otis Worldwide Corp.
​ ​ ​ ​ 40,934 ​ ​ ​ ​ ​ 2,891,578 ​ ​
Republic Services, Inc.
​ ​ ​ ​ 23,773 ​ ​ ​ ​ ​ 3,152,775 ​ ​
Southwest Airlines Co.*
​ ​ ​ ​ 68,774 ​ ​ ​ ​ ​ 2,499,935 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 36,113,455 ​ ​
Information Technology — 23.4% ​
Amphenol Corp., Class A
​ ​ ​ ​ 41,803 ​ ​ ​ ​ ​ 3,169,921 ​ ​
Analog Devices, Inc.
​ ​ ​ ​ 19,069 ​ ​ ​ ​ ​ 2,719,621 ​ ​
Broadcom, Inc.
​ ​ ​ ​ 5,002 ​ ​ ​ ​ ​ 2,351,540 ​ ​
Cisco Systems, Inc.
​ ​ ​ ​ 56,490 ​ ​ ​ ​ ​ 2,566,341 ​ ​
Cognizant Technology Solutions Corp.,
Class A
​ ​ ​ ​ 35,127 ​ ​ ​ ​ ​ 2,186,656 ​ ​
Crowdstrike Holdings, Inc., Class A*
​ ​ ​ ​ 13,871 ​ ​ ​ ​ ​ 2,236,005 ​ ​
DocuSign, Inc.*
​ ​ ​ ​ 29,405 ​ ​ ​ ​ ​ 1,420,261 ​ ​
Fidelity National Information Services, Inc.
​ ​ ​ ​ 31,367 ​ ​ ​ ​ ​ 2,603,147 ​ ​
Fiserv, Inc.*
​ ​ ​ ​ 31,064 ​ ​ ​ ​ ​ 3,191,515 ​ ​
Fortinet, Inc.*
​ ​ ​ ​ 46,086 ​ ​ ​ ​ ​ 2,634,276 ​ ​
HP, Inc.
​ ​ ​ ​ 86,773 ​ ​ ​ ​ ​ 2,396,670 ​ ​
Intel Corp.
​ ​ ​ ​ 63,557 ​ ​ ​ ​ ​ 1,806,926 ​ ​
Intuit, Inc.
​ ​ ​ ​ 6,551 ​ ​ ​ ​ ​ 2,800,553 ​ ​
Marvell Technology, Inc.
​ ​ ​ ​ 43,925 ​ ​ ​ ​ ​ 1,742,944 ​ ​
Microsoft Corp.
​ ​ ​ ​ 10,217 ​ ​ ​ ​ ​ 2,371,672 ​ ​
Motorola Solutions, Inc.
​ ​ ​ ​ 13,005 ​ ​ ​ ​ ​ 3,247,479 ​ ​
NXP Semiconductors NV
​ ​ ​ ​ 17,019 ​ ​ ​ ​ ​ 2,486,136 ​ ​
Palo Alto Networks, Inc.*
​ ​ ​ ​ 15,180 ​ ​ ​ ​ ​ 2,604,736 ​ ​
QUALCOMM, Inc.
​ ​ ​ ​ 20,612 ​ ​ ​ ​ ​ 2,425,208 ​ ​
Roper Technologies, Inc.
​ ​ ​ ​ 6,670 ​ ​ ​ ​ ​ 2,764,982 ​ ​
Salesforce, Inc.*
​ ​ ​ ​ 14,835 ​ ​ ​ ​ ​ 2,412,023 ​ ​
ServiceNow, Inc.*
​ ​ ​ ​ 5,656 ​ ​ ​ ​ ​ 2,379,705 ​ ​
Texas Instruments, Inc.
​ ​ ​ ​ 17,167 ​ ​ ​ ​ ​ 2,757,535 ​ ​
Twilio, Inc., Class A*(a)
​ ​ ​ ​ 19,112 ​ ​ ​ ​ ​ 1,421,359 ​ ​
​
See notes to financial statements.
70
TABLE OF CONTENTS
Schedule of Investments — IQ Chaikin U.S. Large Cap ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Information Technology (continued) ​
Workday, Inc., Class A*
​ ​ ​ ​ 13,154 ​ ​ ​ ​ $ 2,049,656 ​ ​
Zoom Video Communications, Inc., Class A*
​ ​ ​ ​ 26,869 ​ ​ ​ ​ ​ 2,241,949 ​ ​
Zscaler, Inc.*(a)
​ ​ ​ ​ 13,055 ​ ​ ​ ​ ​ 2,011,776 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 65,000,592 ​ ​
Materials — 0.9% ​
LyondellBasell Industries NV, Class A
​ ​ ​ ​ 32,082 ​ ​ ​ ​ ​ 2,452,669 ​ ​
Real Estate — 1.7% ​
Crown Castle, Inc.
​ ​ ​ ​ 17,063 ​ ​ ​ ​ ​ 2,273,815 ​ ​
Equinix, Inc.
​ ​ ​ ​ 4,247 ​ ​ ​ ​ ​ 2,405,671 ​ ​
Total Real Estate
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,679,486 ​ ​
Utilities — 0.9% ​
Duke Energy Corp.
​ ​ ​ ​ 28,209 ​ ​ ​ ​ ​ 2,628,515 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Total Investments — 99.8% ​
(Cost $288,040,901)
 ​ ​ ​ ​ ​ ​ $ 277,424,683 ​ ​
Other Assets and Liabilities,
Net — 0.2%
 ​ ​ ​ ​ ​ ​ ​ 458,734 ​ ​
Net Assets — 100.0%
​ ​ ​ ​ ​ ​ $ 277,883,417 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $3,359,566; total market value of collateral held consisted of non-cash U.S. Treasury securities collateral having a value of $3,464,981.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(b) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 277,424,683 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 277,424,683 ​ ​
Total Investments in Securities
​ ​ ​ $ 277,424,683 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 277,424,683 ​ ​
​
(b)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
71​
TABLE OF CONTENTS​
Schedule of Investments — IQ Chaikin U.S. Small Cap ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.9% ​
Communication Services — 2.3% ​
Advantage Solutions, Inc.*
​ ​ ​ ​ 81,809 ​ ​ ​ ​ $ 276,514 ​ ​
AMC Networks, Inc., Class A*
​ ​ ​ ​ 12,846 ​ ​ ​ ​ ​ 289,164 ​ ​
Bandwidth, Inc., Class A*
​ ​ ​ ​ 16,115 ​ ​ ​ ​ ​ 191,285 ​ ​
Cogent Communications Holdings, Inc.
 ​ ​ ​ ​ 7,867 ​ ​ ​ ​ ​ 413,096 ​ ​
EchoStar Corp., Class A*
​ ​ ​ ​ 21,444 ​ ​ ​ ​ ​ 404,648 ​ ​
EW Scripps Co. (The), Class A*
​ ​ ​ ​ 25,105 ​ ​ ​ ​ ​ 356,240 ​ ​
Gray Television, Inc.
​ ​ ​ ​ 23,649 ​ ​ ​ ​ ​ 334,633 ​ ​
Liberty Latin America Ltd., Class C*
​ ​ ​ ​ 54,425 ​ ​ ​ ​ ​ 423,971 ​ ​
Liberty Media Corp.-Liberty Braves, Class C*
​ ​ ​ ​ 18,701 ​ ​ ​ ​ ​ 582,723 ​ ​
Scholastic Corp.
​ ​ ​ ​ 12,958 ​ ​ ​ ​ ​ 494,218 ​ ​
Shenandoah Telecommunications Co.
​ ​ ​ ​ 22,135 ​ ​ ​ ​ ​ 501,579 ​ ​
World Wrestling Entertainment, Inc., Class A(a)
​ ​ ​ ​ 8,359 ​ ​ ​ ​ ​ 659,442 ​ ​
Yelp, Inc.*
​ ​ ​ ​ 15,302 ​ ​ ​ ​ ​ 587,750 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,515,263 ​ ​
Consumer Discretionary — 10.4% ​
Aaron’s Co., Inc. (The)
​ ​ ​ ​ 25,993 ​ ​ ​ ​ ​ 270,847 ​ ​
America’s Car-Mart, Inc.*
​ ​ ​ ​ 6,478 ​ ​ ​ ​ ​ 442,836 ​ ​
AMMO, Inc.*(a)
​ ​ ​ ​ 108,738 ​ ​ ​ ​ ​ 353,399 ​ ​
Arko Corp.
​ ​ ​ ​ 57,356 ​ ​ ​ ​ ​ 587,899 ​ ​
Asbury Automotive Group, Inc.*
​ ​ ​ ​ 3,258 ​ ​ ​ ​ ​ 513,950 ​ ​
Buckle, Inc. (The)
​ ​ ​ ​ 15,797 ​ ​ ​ ​ ​ 621,296 ​ ​
Carter’s, Inc.
​ ​ ​ ​ 5,674 ​ ​ ​ ​ ​ 385,094 ​ ​
Cavco Industries, Inc.*
​ ​ ​ ​ 2,167 ​ ​ ​ ​ ​ 491,194 ​ ​
Cheesecake Factory, Inc. (The)(a)
​ ​ ​ ​ 13,117 ​ ​ ​ ​ ​ 469,720 ​ ​
Cracker Barrel Old Country Store, Inc.
​ ​ ​ ​ 4,396 ​ ​ ​ ​ ​ 502,111 ​ ​
Denny’s Corp.*
​ ​ ​ ​ 36,474 ​ ​ ​ ​ ​ 413,250 ​ ​
Dorman Products, Inc.*
​ ​ ​ ​ 5,493 ​ ​ ​ ​ ​ 448,339 ​ ​
Ethan Allen Interiors, Inc.
​ ​ ​ ​ 20,398 ​ ​ ​ ​ ​ 521,985 ​ ​
GoPro, Inc., Class A*
​ ​ ​ ​ 61,189 ​ ​ ​ ​ ​ 333,480 ​ ​
Graham Holdings Co., Class B
​ ​ ​ ​ 854 ​ ​ ​ ​ ​ 532,785 ​ ​
Grand Canyon Education, Inc.*
​ ​ ​ ​ 5,375 ​ ​ ​ ​ ​ 540,886 ​ ​
H&R Block, Inc.
​ ​ ​ ​ 20,043 ​ ​ ​ ​ ​ 824,770 ​ ​
Haverty Furniture Cos., Inc.
​ ​ ​ ​ 19,035 ​ ​ ​ ​ ​ 505,950 ​ ​
Johnson Outdoors, Inc., Class A
​ ​ ​ ​ 6,715 ​ ​ ​ ​ ​ 353,343 ​ ​
Laureate Education, Inc.
​ ​ ​ ​ 47,641 ​ ​ ​ ​ ​ 602,182 ​ ​
Leslie’s, Inc.*
​ ​ ​ ​ 26,960 ​ ​ ​ ​ ​ 378,518 ​ ​
Levi Strauss & Co., Class A
​ ​ ​ ​ 26,414 ​ ​ ​ ​ ​ 395,153 ​ ​
LGI Homes, Inc.*(a)
​ ​ ​ ​ 5,344 ​ ​ ​ ​ ​ 491,915 ​ ​
Lovesac Co. (The)*
​ ​ ​ ​ 9,655 ​ ​ ​ ​ ​ 235,003 ​ ​
Malibu Boats, Inc., Class A*
​ ​ ​ ​ 8,998 ​ ​ ​ ​ ​ 475,994 ​ ​
MDC Holdings, Inc.
​ ​ ​ ​ 13,794 ​ ​ ​ ​ ​ 420,165 ​ ​
Meritage Homes Corp.*
​ ​ ​ ​ 6,587 ​ ​ ​ ​ ​ 501,666 ​ ​
Monarch Casino & Resort, Inc.*
​ ​ ​ ​ 5,983 ​ ​ ​ ​ ​ 475,110 ​ ​
Murphy USA, Inc.
​ ​ ​ ​ 2,610 ​ ​ ​ ​ ​ 820,871 ​ ​
OneSpaWorld Holdings Ltd.*
​ ​ ​ ​ 51,171 ​ ​ ​ ​ ​ 464,121 ​ ​
OneWater Marine, Inc., Class A*
​ ​ ​ ​ 15,151 ​ ​ ​ ​ ​ 499,983 ​ ​
Oxford Industries, Inc.
​ ​ ​ ​ 5,768 ​ ​ ​ ​ ​ 586,779 ​ ​
Perdoceo Education Corp.*
​ ​ ​ ​ 45,465 ​ ​ ​ ​ ​ 519,665 ​ ​
Poshmark, Inc., Class A*
​ ​ ​ ​ 41,228 ​ ​ ​ ​ ​ 736,332 ​ ​
Quotient Technology, Inc.*
​ ​ ​ ​ 81,809 ​ ​ ​ ​ ​ 201,250 ​ ​
Rush Street Interactive, Inc.*
​ ​ ​ ​ 71,793 ​ ​ ​ ​ ​ 297,941 ​ ​
Shift Technologies, Inc.*(a)
​ ​ ​ ​ 237,246 ​ ​ ​ ​ ​ 125,740 ​ ​
Shoe Carnival, Inc.
​ ​ ​ ​ 17,899 ​ ​ ​ ​ ​ 429,218 ​ ​
Skyline Champion Corp.*
​ ​ ​ ​ 9,510 ​ ​ ​ ​ ​ 553,577 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Consumer Discretionary (continued) ​
Smith & Wesson Brands, Inc.
​ ​ ​ ​ 34,497 ​ ​ ​ ​ $ 389,471 ​ ​
Standard Motor Products, Inc.
​ ​ ​ ​ 12,099 ​ ​ ​ ​ ​ 458,915 ​ ​
Steven Madden Ltd.
​ ​ ​ ​ 13,508 ​ ​ ​ ​ ​ 403,484 ​ ​
Stoneridge, Inc.*
​ ​ ​ ​ 25,141 ​ ​ ​ ​ ​ 524,693 ​ ​
Strategic Education, Inc.
​ ​ ​ ​ 7,863 ​ ​ ​ ​ ​ 542,547 ​ ​
Stride, Inc.*
​ ​ ​ ​ 14,367 ​ ​ ​ ​ ​ 481,438 ​ ​
Sturm Ruger & Co., Inc.
​ ​ ​ ​ 7,497 ​ ​ ​ ​ ​ 420,807 ​ ​
Taylor Morrison Home Corp.*
​ ​ ​ ​ 19,174 ​ ​ ​ ​ ​ 505,043 ​ ​
Travel + Leisure Co.
​ ​ ​ ​ 9,009 ​ ​ ​ ​ ​ 342,162 ​ ​
Tri Pointe Homes, Inc.*
​ ​ ​ ​ 25,993 ​ ​ ​ ​ ​ 435,383 ​ ​
Universal Electronics, Inc.*
​ ​ ​ ​ 16,708 ​ ​ ​ ​ ​ 341,010 ​ ​
Vista Outdoor, Inc.*
​ ​ ​ ​ 14,624 ​ ​ ​ ​ ​ 424,681 ​ ​
Vivint Smart Home, Inc.*
​ ​ ​ ​ 77,210 ​ ​ ​ ​ ​ 590,657 ​ ​
Winmark Corp.
​ ​ ​ ​ 2,372 ​ ​ ​ ​ ​ 596,890 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 24,781,498 ​ ​
Consumer Staples — 3.9% ​
Andersons, Inc. (The)
​ ​ ​ ​ 10,385 ​ ​ ​ ​ ​ 366,279 ​ ​
BellRing Brands, Inc.*
​ ​ ​ ​ 22,614 ​ ​ ​ ​ ​ 547,711 ​ ​
Central Garden & Pet Co., Class A*
​ ​ ​ ​ 12,799 ​ ​ ​ ​ ​ 500,953 ​ ​
Coca-Cola Consolidated, Inc.
​ ​ ​ ​ 1,050 ​ ​ ​ ​ ​ 511,360 ​ ​
Energizer Holdings, Inc.
​ ​ ​ ​ 16,968 ​ ​ ​ ​ ​ 490,206 ​ ​
Fresh Del Monte Produce, Inc.
​ ​ ​ ​ 20,144 ​ ​ ​ ​ ​ 525,356 ​ ​
John B Sanfilippo & Son, Inc.
​ ​ ​ ​ 6,385 ​ ​ ​ ​ ​ 532,573 ​ ​
MGP Ingredients, Inc.
​ ​ ​ ​ 6,098 ​ ​ ​ ​ ​ 683,281 ​ ​
Mission Produce, Inc.*
​ ​ ​ ​ 41,260 ​ ​ ​ ​ ​ 686,566 ​ ​
Nu Skin Enterprises, Inc., Class A
​ ​ ​ ​ 10,901 ​ ​ ​ ​ ​ 416,309 ​ ​
PriceSmart, Inc.
​ ​ ​ ​ 6,617 ​ ​ ​ ​ ​ 423,289 ​ ​
Rite Aid Corp.*
​ ​ ​ ​ 59,650 ​ ​ ​ ​ ​ 311,373 ​ ​
Seaboard Corp.
​ ​ ​ ​ 124 ​ ​ ​ ​ ​ 464,551 ​ ​
SpartanNash Co.(a)
​ ​ ​ ​ 15,821 ​ ​ ​ ​ ​ 564,968 ​ ​
Sprouts Farmers Market, Inc.*(a)
​ ​ ​ ​ 16,321 ​ ​ ​ ​ ​ 481,470 ​ ​
TreeHouse Foods, Inc.*
​ ​ ​ ​ 16,179 ​ ​ ​ ​ ​ 812,833 ​ ​
Turning Point Brands, Inc.
​ ​ ​ ​ 15,346 ​ ​ ​ ​ ​ 361,552 ​ ​
United Natural Foods, Inc.*
​ ​ ​ ​ 12,623 ​ ​ ​ ​ ​ 535,341 ​ ​
Total Consumer Staples
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9,215,971 ​ ​
Energy — 5.4% ​
Archrock, Inc.
​ ​ ​ ​ 56,548 ​ ​ ​ ​ ​ 424,676 ​ ​
Brigham Minerals, Inc., Class A
​ ​ ​ ​ 20,428 ​ ​ ​ ​ ​ 633,268 ​ ​
Bristow Group, Inc.*
​ ​ ​ ​ 14,077 ​ ​ ​ ​ ​ 421,465 ​ ​
Cactus, Inc., Class A
​ ​ ​ ​ 9,199 ​ ​ ​ ​ ​ 475,772 ​ ​
ChampionX Corp.
​ ​ ​ ​ 21,321 ​ ​ ​ ​ ​ 610,207 ​ ​
Chord Energy Corp.
​ ​ ​ ​ 4,069 ​ ​ ​ ​ ​ 622,923 ​ ​
Civitas Resources, Inc.(a)
​ ​ ​ ​ 8,741 ​ ​ ​ ​ ​ 611,083 ​ ​
Comstock Resources, Inc.*
​ ​ ​ ​ 39,995 ​ ​ ​ ​ ​ 751,106 ​ ​
Core Laboratories NV
​ ​ ​ ​ 16,501 ​ ​ ​ ​ ​ 321,109 ​ ​
CVR Energy, Inc.
​ ​ ​ ​ 22,151 ​ ​ ​ ​ ​ 865,218 ​ ​
Delek US Holdings, Inc.
​ ​ ​ ​ 24,805 ​ ​ ​ ​ ​ 735,716 ​ ​
DMC Global, Inc.*
​ ​ ​ ​ 17,112 ​ ​ ​ ​ ​ 370,304 ​ ​
Equitrans Midstream Corp.
​ ​ ​ ​ 61,841 ​ ​ ​ ​ ​ 520,701 ​ ​
Gevo, Inc.*
​ ​ ​ ​ 111,526 ​ ​ ​ ​ ​ 250,934 ​ ​
Green Plains, Inc.*
​ ​ ​ ​ 16,831 ​ ​ ​ ​ ​ 486,248 ​ ​
HF Sinclair Corp.
​ ​ ​ ​ 13,098 ​ ​ ​ ​ ​ 801,205 ​ ​
Kosmos Energy Ltd.*
​ ​ ​ ​ 72,593 ​ ​ ​ ​ ​ 471,129 ​ ​
Laredo Petroleum, Inc.*
​ ​ ​ ​ 6,595 ​ ​ ​ ​ ​ 426,367 ​ ​
Matador Resources Co.
​ ​ ​ ​ 9,852 ​ ​ ​ ​ ​ 654,665 ​ ​
​
See notes to financial statements.
72
TABLE OF CONTENTS
Schedule of Investments — IQ Chaikin U.S. Small Cap ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Energy (continued) ​
PBF Energy, Inc., Class A*
​ ​ ​ ​ 21,417 ​ ​ ​ ​ $ 947,702 ​ ​
Southwestern Energy Co.*
​ ​ ​ ​ 72,795 ​ ​ ​ ​ ​ 504,469 ​ ​
U.S. Silica Holdings, Inc.*
​ ​ ​ ​ 27,971 ​ ​ ​ ​ ​ 402,503 ​ ​
World Fuel Services Corp.
​ ​ ​ ​ 19,302 ​ ​ ​ ​ ​ 492,008 ​ ​
Total Energy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12,800,778 ​ ​
Financials — 24.1% ​
1st Source Corp.
​ ​ ​ ​ 11,285 ​ ​ ​ ​ ​ 656,336 ​ ​
A-Mark Precious Metals, Inc.
​ ​ ​ ​ 13,967 ​ ​ ​ ​ ​ 424,736 ​ ​
Amerant Bancorp, Inc.
​ ​ ​ ​ 16,522 ​ ​ ​ ​ ​ 497,312 ​ ​
American Equity Investment Life Holding Co.
​ ​ ​ ​ 13,078 ​ ​ ​ ​ ​ 563,400 ​ ​
Ameris Bancorp
​ ​ ​ ​ 11,895 ​ ​ ​ ​ ​ 612,711 ​ ​
Ares Commercial Real Estate Corp.
​ ​ ​ ​ 33,631 ​ ​ ​ ​ ​ 415,007 ​ ​
Argo Group International Holdings Ltd.
​ ​ ​ ​ 12,644 ​ ​ ​ ​ ​ 314,456 ​ ​
AssetMark Financial Holdings, Inc.*
​ ​ ​ ​ 23,458 ​ ​ ​ ​ ​ 485,815 ​ ​
Associated Banc-Corp.
​ ​ ​ ​ 22,932 ​ ​ ​ ​ ​ 558,394 ​ ​
Atlantic Union Bankshares Corp.
​ ​ ​ ​ 14,226 ​ ​ ​ ​ ​ 491,366 ​ ​
Axis Capital Holdings Ltd.
​ ​ ​ ​ 8,631 ​ ​ ​ ​ ​ 471,857 ​ ​
Banc of California, Inc.
​ ​ ​ ​ 26,960 ​ ​ ​ ​ ​ 449,693 ​ ​
Bancorp, Inc. (The)*
​ ​ ​ ​ 18,423 ​ ​ ​ ​ ​ 508,106 ​ ​
Bank of Hawaii Corp.
​ ​ ​ ​ 6,220 ​ ​ ​ ​ ​ 472,409 ​ ​
BankUnited, Inc.
​ ​ ​ ​ 11,873 ​ ​ ​ ​ ​ 426,834 ​ ​
Banner Corp.
​ ​ ​ ​ 8,917 ​ ​ ​ ​ ​ 666,546 ​ ​
Berkshire Hills Bancorp, Inc.
​ ​ ​ ​ 18,017 ​ ​ ​ ​ ​ 526,997 ​ ​
Blucora, Inc.*
​ ​ ​ ​ 26,698 ​ ​ ​ ​ ​ 588,157 ​ ​
Brighthouse Financial, Inc.*
​ ​ ​ ​ 10,103 ​ ​ ​ ​ ​ 576,578 ​ ​
Cannae Holdings, Inc.*
​ ​ ​ ​ 21,821 ​ ​ ​ ​ ​ 505,374 ​ ​
Chimera Investment Corp.
​ ​ ​ ​ 43,350 ​ ​ ​ ​ ​ 292,613 ​ ​
CNO Financial Group, Inc.
​ ​ ​ ​ 20,803 ​ ​ ​ ​ ​ 458,914 ​ ​
Columbia Banking System, Inc.
​ ​ ​ ​ 16,174 ​ ​ ​ ​ ​ 541,344 ​ ​
Community Trust Bancorp, Inc.
​ ​ ​ ​ 12,669 ​ ​ ​ ​ ​ 599,117 ​ ​
ConnectOne Bancorp, Inc.
​ ​ ​ ​ 16,306 ​ ​ ​ ​ ​ 408,465 ​ ​
Cowen, Inc., Class A
​ ​ ​ ​ 19,260 ​ ​ ​ ​ ​ 743,821 ​ ​
CrossFirst Bankshares, Inc.*
​ ​ ​ ​ 33,118 ​ ​ ​ ​ ​ 460,671 ​ ​
CVB Financial Corp.
​ ​ ​ ​ 22,488 ​ ​ ​ ​ ​ 645,855 ​ ​
Diamond Hill Investment Group, Inc.
​ ​ ​ ​ 2,787 ​ ​ ​ ​ ​ 501,521 ​ ​
Dime Community Bancshares, Inc.
​ ​ ​ ​ 15,099 ​ ​ ​ ​ ​ 521,368 ​ ​
Eagle Bancorp, Inc.
​ ​ ​ ​ 9,155 ​ ​ ​ ​ ​ 414,538 ​ ​
Employers Holdings, Inc.
​ ​ ​ ​ 13,031 ​ ​ ​ ​ ​ 568,282 ​ ​
Enova International, Inc.*
​ ​ ​ ​ 13,746 ​ ​ ​ ​ ​ 515,338 ​ ​
Enstar Group Ltd.*
​ ​ ​ ​ 1,999 ​ ​ ​ ​ ​ 400,840 ​ ​
Enterprise Financial Services Corp.
​ ​ ​ ​ 11,033 ​ ​ ​ ​ ​ 589,935 ​ ​
FB Financial Corp.
​ ​ ​ ​ 11,751 ​ ​ ​ ​ ​ 493,072 ​ ​
Federated Hermes, Inc.
​ ​ ​ ​ 15,324 ​ ​ ​ ​ ​ 532,509 ​ ​
First BankCorp
​ ​ ​ ​ 12,496 ​ ​ ​ ​ ​ 556,947 ​ ​
First Foundation, Inc.
​ ​ ​ ​ 21,488 ​ ​ ​ ​ ​ 342,949 ​ ​
First Interstate BancSystem, Inc., Class A
 ​ ​ ​ ​ 14,194 ​ ​ ​ ​ ​ 647,388 ​ ​
First Merchants Corp.
​ ​ ​ ​ 12,547 ​ ​ ​ ​ ​ 563,360 ​ ​
FirstCash Holdings, Inc.
​ ​ ​ ​ 7,420 ​ ​ ​ ​ ​ 730,499 ​ ​
Flushing Financial Corp.
​ ​ ​ ​ 23,353 ​ ​ ​ ​ ​ 460,054 ​ ​
FNB Corp.
​ ​ ​ ​ 41,922 ​ ​ ​ ​ ​ 605,773 ​ ​
Fulton Financial Corp.
​ ​ ​ ​ 31,404 ​ ​ ​ ​ ​ 572,495 ​ ​
German American Bancorp, Inc.
​ ​ ​ ​ 13,739 ​ ​ ​ ​ ​ 539,805 ​ ​
Great Southern Bancorp, Inc.
​ ​ ​ ​ 8,845 ​ ​ ​ ​ ​ 548,213 ​ ​
Hanmi Financial Corp.
​ ​ ​ ​ 21,208 ​ ​ ​ ​ ​ 567,950 ​ ​
HarborOne Bancorp, Inc.
​ ​ ​ ​ 37,228 ​ ​ ​ ​ ​ 566,982 ​ ​
Heartland Financial USA, Inc.
​ ​ ​ ​ 10,913 ​ ​ ​ ​ ​ 538,229 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Financials (continued) ​
Heritage Commerce Corp.
​ ​ ​ ​ 46,395 ​ ​ ​ ​ $ 663,449 ​ ​
Heritage Financial Corp.
​ ​ ​ ​ 20,828 ​ ​ ​ ​ ​ 701,695 ​ ​
Hilltop Holdings, Inc.
​ ​ ​ ​ 17,753 ​ ​ ​ ​ ​ 513,949 ​ ​
Home BancShares, Inc.
​ ​ ​ ​ 23,094 ​ ​ ​ ​ ​ 588,666 ​ ​
HomeStreet, Inc.
​ ​ ​ ​ 11,016 ​ ​ ​ ​ ​ 285,975 ​ ​
Hope Bancorp, Inc.
​ ​ ​ ​ 32,459 ​ ​ ​ ​ ​ 440,469 ​ ​
Horace Mann Educators Corp.
​ ​ ​ ​ 12,478 ​ ​ ​ ​ ​ 492,382 ​ ​
Houlihan Lokey, Inc.
​ ​ ​ ​ 5,945 ​ ​ ​ ​ ​ 531,007 ​ ​
Independent Bank Corp.
​ ​ ​ ​ 6,389 ​ ​ ​ ​ ​ 555,907 ​ ​
Independent Bank Group, Inc.
​ ​ ​ ​ 7,334 ​ ​ ​ ​ ​ 462,702 ​ ​
Kinsale Capital Group, Inc.
​ ​ ​ ​ 2,289 ​ ​ ​ ​ ​ 721,424 ​ ​
Lakeland Bancorp, Inc.
​ ​ ​ ​ 31,254 ​ ​ ​ ​ ​ 582,887 ​ ​
Merchants Bancorp
​ ​ ​ ​ 19,063 ​ ​ ​ ​ ​ 456,559 ​ ​
MGIC Investment Corp.
​ ​ ​ ​ 38,519 ​ ​ ​ ​ ​ 525,784 ​ ​
Midland States Bancorp, Inc.
​ ​ ​ ​ 18,085 ​ ​ ​ ​ ​ 507,103 ​ ​
Moelis & Co., Class A
​ ​ ​ ​ 11,117 ​ ​ ​ ​ ​ 472,028 ​ ​
National Bank Holdings Corp., Class A
​ ​ ​ ​ 12,958 ​ ​ ​ ​ ​ 567,820 ​ ​
NBT Bancorp, Inc.
​ ​ ​ ​ 14,446 ​ ​ ​ ​ ​ 684,596 ​ ​
New York Mortgage Trust, Inc.
​ ​ ​ ​ 142,998 ​ ​ ​ ​ ​ 384,665 ​ ​
Nicolet Bankshares, Inc.*
​ ​ ​ ​ 5,578 ​ ​ ​ ​ ​ 425,546 ​ ​
Northfield Bancorp, Inc.
​ ​ ​ ​ 36,347 ​ ​ ​ ​ ​ 583,006 ​ ​
OFG Bancorp
​ ​ ​ ​ 19,592 ​ ​ ​ ​ ​ 546,225 ​ ​
Old National Bancorp
​ ​ ​ ​ 31,865 ​ ​ ​ ​ ​ 623,279 ​ ​
Oportun Financial Corp.*
​ ​ ​ ​ 36,347 ​ ​ ​ ​ ​ 199,909 ​ ​
Origin Bancorp, Inc.
​ ​ ​ ​ 12,342 ​ ​ ​ ​ ​ 510,095 ​ ​
PacWest Bancorp
​ ​ ​ ​ 12,102 ​ ​ ​ ​ ​ 300,856 ​ ​
Pathward Financial, Inc.
​ ​ ​ ​ 9,503 ​ ​ ​ ​ ​ 399,411 ​ ​
Peapack-Gladstone Financial Corp.
​ ​ ​ ​ 15,020 ​ ​ ​ ​ ​ 594,341 ​ ​
PennyMac Financial Services, Inc.
​ ​ ​ ​ 9,811 ​ ​ ​ ​ ​ 523,123 ​ ​
Peoples Bancorp, Inc.
​ ​ ​ ​ 16,670 ​ ​ ​ ​ ​ 504,601 ​ ​
Piper Sandler Cos.
​ ​ ​ ​ 3,976 ​ ​ ​ ​ ​ 508,809 ​ ​
PJT Partners, Inc., Class A
​ ​ ​ ​ 8,269 ​ ​ ​ ​ ​ 615,214 ​ ​
Preferred Bank
​ ​ ​ ​ 7,044 ​ ​ ​ ​ ​ 541,472 ​ ​
Premier Financial Corp.
​ ​ ​ ​ 17,209 ​ ​ ​ ​ ​ 496,480 ​ ​
Provident Financial Services, Inc.
​ ​ ​ ​ 22,305 ​ ​ ​ ​ ​ 500,078 ​ ​
QCR Holdings, Inc.
​ ​ ​ ​ 9,223 ​ ​ ​ ​ ​ 467,698 ​ ​
Regional Management Corp.
​ ​ ​ ​ 10,746 ​ ​ ​ ​ ​ 364,934 ​ ​
Republic Bancorp, Inc., Class A
​ ​ ​ ​ 11,615 ​ ​ ​ ​ ​ 538,355 ​ ​
S&T Bancorp, Inc.
​ ​ ​ ​ 17,645 ​ ​ ​ ​ ​ 667,157 ​ ​
Safety Insurance Group, Inc.
​ ​ ​ ​ 5,745 ​ ​ ​ ​ ​ 499,528 ​ ​
Sandy Spring Bancorp, Inc.
​ ​ ​ ​ 11,620 ​ ​ ​ ​ ​ 411,813 ​ ​
Sculptor Capital Management, Inc.
​ ​ ​ ​ 37,469 ​ ​ ​ ​ ​ 397,546 ​ ​
Seacoast Banking Corp. of Florida
​ ​ ​ ​ 14,904 ​ ​ ​ ​ ​ 460,534 ​ ​
Selectquote, Inc.*
​ ​ ​ ​ 187,075 ​ ​ ​ ​ ​ 126,089 ​ ​
ServisFirst Bancshares, Inc.
​ ​ ​ ​ 5,478 ​ ​ ​ ​ ​ 412,658 ​ ​
Simmons First National Corp., Class A
​ ​ ​ ​ 19,907 ​ ​ ​ ​ ​ 475,180 ​ ​
Stellar Bancorp, Inc.
​ ​ ​ ​ 16,836 ​ ​ ​ ​ ​ 552,894 ​ ​
StepStone Group, Inc., Class A
​ ​ ​ ​ 15,787 ​ ​ ​ ​ ​ 466,032 ​ ​
Texas Capital Bancshares, Inc.*
​ ​ ​ ​ 9,107 ​ ​ ​ ​ ​ 546,420 ​ ​
Tompkins Financial Corp.
​ ​ ​ ​ 6,669 ​ ​ ​ ​ ​ 552,460 ​ ​
Towne Bank
​ ​ ​ ​ 17,433 ​ ​ ​ ​ ​ 574,243 ​ ​
TriCo Bancshares
​ ​ ​ ​ 13,038 ​ ​ ​ ​ ​ 755,031 ​ ​
Trustmark Corp.
​ ​ ​ ​ 17,175 ​ ​ ​ ​ ​ 628,090 ​ ​
UMB Financial Corp.
​ ​ ​ ​ 5,372 ​ ​ ​ ​ ​ 447,058 ​ ​
United Bankshares, Inc.(a)
​ ​ ​ ​ 14,964 ​ ​ ​ ​ ​ 633,725 ​ ​
United Community Banks, Inc.
​ ​ ​ ​ 14,998 ​ ​ ​ ​ ​ 577,423 ​ ​
United Fire Group, Inc.
​ ​ ​ ​ 16,799 ​ ​ ​ ​ ​ 455,253 ​ ​
Virtu Financial, Inc., Class A
​ ​ ​ ​ 14,023 ​ ​ ​ ​ ​ 313,835 ​ ​
​
See notes to financial statements.
73​
TABLE OF CONTENTS
Schedule of Investments — IQ Chaikin U.S. Small Cap ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Financials (continued) ​
Virtus Investment Partners, Inc.
​ ​ ​ ​ 2,175 ​ ​ ​ ​ $ 372,991 ​ ​
Washington Federal, Inc.
​ ​ ​ ​ 15,903 ​ ​ ​ ​ ​ 615,446 ​ ​
Wintrust Financial Corp.
​ ​ ​ ​ 5,617 ​ ​ ​ ​ ​ 525,864 ​ ​
WSFS Financial Corp.
​ ​ ​ ​ 11,196 ​ ​ ​ ​ ​ 521,286 ​ ​
Total Financials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 57,511,986 ​ ​
Health Care — 12.8% ​
ACADIA Pharmaceuticals, Inc.*
​ ​ ​ ​ 21,550 ​ ​ ​ ​ ​ 345,447 ​ ​
AdaptHealth Corp.*
​ ​ ​ ​ 32,560 ​ ​ ​ ​ ​ 742,368 ​ ​
Addus HomeCare Corp.*
​ ​ ​ ​ 5,594 ​ ​ ​ ​ ​ 572,938 ​ ​
Aerie Pharmaceuticals, Inc.*
​ ​ ​ ​ 57,356 ​ ​ ​ ​ ​ 872,958 ​ ​
Aligos Therapeutics, Inc.*
​ ​ ​ ​ 242,763 ​ ​ ​ ​ ​ 254,901 ​ ​
Allakos, Inc.*(a)
​ ​ ​ ​ 91,568 ​ ​ ​ ​ ​ 533,842 ​ ​
Allscripts Healthcare Solutions, Inc.*
​ ​ ​ ​ 23,177 ​ ​ ​ ​ ​ 340,702 ​ ​
ALX Oncology Holdings, Inc.*(a)
​ ​ ​ ​ 30,884 ​ ​ ​ ​ ​ 374,932 ​ ​
Amneal Pharmaceuticals, Inc.*
​ ​ ​ ​ 125,165 ​ ​ ​ ​ ​ 275,363 ​ ​
Amphastar Pharmaceuticals, Inc.*
​ ​ ​ ​ 14,539 ​ ​ ​ ​ ​ 449,255 ​ ​
Arcturus Therapeutics Holdings, Inc.*(a)
​ ​ ​ ​ 19,360 ​ ​ ​ ​ ​ 342,672 ​ ​
Atea Pharmaceuticals, Inc.*
​ ​ ​ ​ 72,291 ​ ​ ​ ​ ​ 433,746 ​ ​
Avanos Medical, Inc.*
​ ​ ​ ​ 15,580 ​ ​ ​ ​ ​ 345,097 ​ ​
Avidity Biosciences, Inc.*
​ ​ ​ ​ 28,259 ​ ​ ​ ​ ​ 403,539 ​ ​
Axogen, Inc.*
​ ​ ​ ​ 65,736 ​ ​ ​ ​ ​ 750,705 ​ ​
Bioventus, Inc., Class A*(a)
​ ​ ​ ​ 37,017 ​ ​ ​ ​ ​ 301,318 ​ ​
Cara Therapeutics, Inc.*
​ ​ ​ ​ 42,958 ​ ​ ​ ​ ​ 403,805 ​ ​
CareDx, Inc.*
​ ​ ​ ​ 14,111 ​ ​ ​ ​ ​ 280,950 ​ ​
Catalyst Pharmaceuticals, Inc.*
​ ​ ​ ​ 62,960 ​ ​ ​ ​ ​ 873,255 ​ ​
Certara, Inc.*
​ ​ ​ ​ 24,299 ​ ​ ​ ​ ​ 297,177 ​ ​
Collegium Pharmaceutical, Inc.*
​ ​ ​ ​ 25,636 ​ ​ ​ ​ ​ 459,910 ​ ​
Corcept Therapeutics, Inc.*
​ ​ ​ ​ 23,177 ​ ​ ​ ​ ​ 662,862 ​ ​
Cross Country Healthcare, Inc.*
​ ​ ​ ​ 24,086 ​ ​ ​ ​ ​ 893,350 ​ ​
Eagle Pharmaceuticals, Inc.*
​ ​ ​ ​ 10,546 ​ ​ ​ ​ ​ 331,883 ​ ​
Ensign Group, Inc. (The)
​ ​ ​ ​ 5,799 ​ ​ ​ ​ ​ 520,634 ​ ​
HealthStream, Inc.*
​ ​ ​ ​ 26,202 ​ ​ ​ ​ ​ 647,189 ​ ​
ICU Medical, Inc.*
​ ​ ​ ​ 2,344 ​ ​ ​ ​ ​ 347,873 ​ ​
IGM Biosciences, Inc.*
​ ​ ​ ​ 19,526 ​ ​ ​ ​ ​ 390,520 ​ ​
Immunovant, Inc.*(a)
​ ​ ​ ​ 94,726 ​ ​ ​ ​ ​ 1,060,931 ​ ​
Inhibrx, Inc.*(a)
​ ​ ​ ​ 23,427 ​ ​ ​ ​ ​ 753,881 ​ ​
Innoviva, Inc.*(a)
​ ​ ​ ​ 26,974 ​ ​ ​ ​ ​ 365,767 ​ ​
Inogen, Inc.*
​ ​ ​ ​ 16,099 ​ ​ ​ ​ ​ 364,803 ​ ​
Integer Holdings Corp.*
​ ​ ​ ​ 6,478 ​ ​ ​ ​ ​ 403,774 ​ ​
Ironwood Pharmaceuticals, Inc.*
​ ​ ​ ​ 41,490 ​ ​ ​ ​ ​ 453,901 ​ ​
Karyopharm Therapeutics, Inc.*
​ ​ ​ ​ 70,820 ​ ​ ​ ​ ​ 337,103 ​ ​
Kronos Bio, Inc.*
​ ​ ​ ​ 72,191 ​ ​ ​ ​ ​ 213,685 ​ ​
MeiraGTx Holdings PLC*
​ ​ ​ ​ 37,685 ​ ​ ​ ​ ​ 273,970 ​ ​
Merit Medical Systems, Inc.*
​ ​ ​ ​ 7,847 ​ ​ ​ ​ ​ 539,638 ​ ​
ModivCare, Inc.*
​ ​ ​ ​ 4,523 ​ ​ ​ ​ ​ 439,817 ​ ​
Morphic Holding, Inc.*(a)
​ ​ ​ ​ 13,000 ​ ​ ​ ​ ​ 364,130 ​ ​
Myriad Genetics, Inc.*
​ ​ ​ ​ 20,712 ​ ​ ​ ​ ​ 429,567 ​ ​
National HealthCare Corp.
​ ​ ​ ​ 7,432 ​ ​ ​ ​ ​ 452,757 ​ ​
Nektar Therapeutics*
​ ​ ​ ​ 96,835 ​ ​ ​ ​ ​ 364,100 ​ ​
NextGen Healthcare, Inc.*
​ ​ ​ ​ 24,961 ​ ​ ​ ​ ​ 500,218 ​ ​
Olema Pharmaceuticals, Inc.*
​ ​ ​ ​ 122,521 ​ ​ ​ ​ ​ 460,679 ​ ​
OPKO Health, Inc.*(a)
​ ​ ​ ​ 151,726 ​ ​ ​ ​ ​ 288,279 ​ ​
Orthofix Medical, Inc.*
​ ​ ​ ​ 15,961 ​ ​ ​ ​ ​ 256,334 ​ ​
Owens & Minor, Inc.
​ ​ ​ ​ 11,857 ​ ​ ​ ​ ​ 201,569 ​ ​
Passage Bio, Inc.*
​ ​ ​ ​ 168,368 ​ ​ ​ ​ ​ 205,409 ​ ​
Patterson Cos., Inc.
​ ​ ​ ​ 16,125 ​ ​ ​ ​ ​ 418,766 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Health Care (continued) ​
Phreesia, Inc.*
​ ​ ​ ​ 19,801 ​ ​ ​ ​ $ 540,963 ​ ​
Prelude Therapeutics, Inc.*(a)
​ ​ ​ ​ 75,644 ​ ​ ​ ​ ​ 506,058 ​ ​
Prestige Consumer Healthcare, Inc.*
​ ​ ​ ​ 9,859 ​ ​ ​ ​ ​ 537,118 ​ ​
Rocket Pharmaceuticals, Inc.*
​ ​ ​ ​ 32,910 ​ ​ ​ ​ ​ 614,101 ​ ​
Rubius Therapeutics, Inc.*
​ ​ ​ ​ 94,726 ​ ​ ​ ​ ​ 32,112 ​ ​
SeaSpine Holdings Corp.*
​ ​ ​ ​ 42,922 ​ ​ ​ ​ ​ 275,989 ​ ​
SI-BONE, Inc.*
​ ​ ​ ​ 23,094 ​ ​ ​ ​ ​ 448,947 ​ ​
Silk Road Medical, Inc.*
​ ​ ​ ​ 12,641 ​ ​ ​ ​ ​ 557,215 ​ ​
Silverback Therapeutics, Inc.*
​ ​ ​ ​ 148,701 ​ ​ ​ ​ ​ 924,920 ​ ​
Sorrento Therapeutics, Inc.*
​ ​ ​ ​ 224,008 ​ ​ ​ ​ ​ 351,693 ​ ​
Supernus Pharmaceuticals, Inc.*
​ ​ ​ ​ 16,149 ​ ​ ​ ​ ​ 553,426 ​ ​
Surmodics, Inc.*
​ ​ ​ ​ 11,514 ​ ​ ​ ​ ​ 393,088 ​ ​
Sutro Biopharma, Inc.*(a)
​ ​ ​ ​ 63,496 ​ ​ ​ ​ ​ 465,426 ​ ​
uniQure NV*
​ ​ ​ ​ 28,884 ​ ​ ​ ​ ​ 537,820 ​ ​
Varex Imaging Corp.*(a)
​ ​ ​ ​ 24,516 ​ ​ ​ ​ ​ 542,049 ​ ​
Xencor, Inc.*
​ ​ ​ ​ 19,563 ​ ​ ​ ​ ​ 547,764 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30,426,958 ​ ​
Industrials — 18.3% ​
AAR Corp.*
​ ​ ​ ​ 10,777 ​ ​ ​ ​ ​ 477,637 ​ ​
ABM Industries, Inc.
​ ​ ​ ​ 11,337 ​ ​ ​ ​ ​ 504,610 ​ ​
Air Transport Services Group, Inc.*
​ ​ ​ ​ 15,604 ​ ​ ​ ​ ​ 455,637 ​ ​
Alamo Group, Inc.
​ ​ ​ ​ 3,630 ​ ​ ​ ​ ​ 552,050 ​ ​
Allegiant Travel Co.*
​ ​ ​ ​ 3,214 ​ ​ ​ ​ ​ 241,211 ​ ​
Ameresco, Inc., Class A*(a)
​ ​ ​ ​ 6,565 ​ ​ ​ ​ ​ 397,051 ​ ​
API Group Corp.*
​ ​ ​ ​ 24,819 ​ ​ ​ ​ ​ 409,265 ​ ​
Applied Industrial Technologies, Inc.
​ ​ ​ ​ 5,084 ​ ​ ​ ​ ​ 632,348 ​ ​
Arcosa, Inc.
​ ​ ​ ​ 9,117 ​ ​ ​ ​ ​ 585,311 ​ ​
Array Technologies, Inc.*
​ ​ ​ ​ 46,313 ​ ​ ​ ​ ​ 838,265 ​ ​
Astec Industries, Inc.
​ ​ ​ ​ 12,138 ​ ​ ​ ​ ​ 529,824 ​ ​
Atlas Air Worldwide Holdings, Inc.*
​ ​ ​ ​ 6,043 ​ ​ ​ ​ ​ 611,189 ​ ​
AZZ, Inc.
​ ​ ​ ​ 10,819 ​ ​ ​ ​ ​ 434,924 ​ ​
Barnes Group, Inc.
​ ​ ​ ​ 12,987 ​ ​ ​ ​ ​ 459,350 ​ ​
Barrett Business Services, Inc.
​ ​ ​ ​ 6,737 ​ ​ ​ ​ ​ 587,601 ​ ​
Blue Bird Corp.*
​ ​ ​ ​ 27,733 ​ ​ ​ ​ ​ 254,312 ​ ​
BrightView Holdings, Inc.*
​ ​ ​ ​ 38,350 ​ ​ ​ ​ ​ 342,082 ​ ​
Brink’s Co. (The)
​ ​ ​ ​ 7,676 ​ ​ ​ ​ ​ 457,720 ​ ​
CBIZ, Inc.*
​ ​ ​ ​ 12,436 ​ ​ ​ ​ ​ 617,323 ​ ​
Cimpress PLC*
​ ​ ​ ​ 8,208 ​ ​ ​ ​ ​ 191,082 ​ ​
Columbus McKinnon Corp.
​ ​ ​ ​ 12,309 ​ ​ ​ ​ ​ 351,053 ​ ​
Comfort Systems USA, Inc.
​ ​ ​ ​ 5,864 ​ ​ ​ ​ ​ 722,914 ​ ​
CRA International, Inc.
​ ​ ​ ​ 6,194 ​ ​ ​ ​ ​ 636,372 ​ ​
Deluxe Corp.
​ ​ ​ ​ 17,260 ​ ​ ​ ​ ​ 317,239 ​ ​
Douglas Dynamics, Inc.
​ ​ ​ ​ 15,089 ​ ​ ​ ​ ​ 512,272 ​ ​
Ducommun, Inc.*
​ ​ ​ ​ 9,962 ​ ​ ​ ​ ​ 470,306 ​ ​
Encore Wire Corp.
​ ​ ​ ​ 4,575 ​ ​ ​ ​ ​ 629,474 ​ ​
EnPro Industries, Inc.
​ ​ ​ ​ 5,341 ​ ​ ​ ​ ​ 568,817 ​ ​
Evoqua Water Technologies Corp.*
​ ​ ​ ​ 11,110 ​ ​ ​ ​ ​ 435,290 ​ ​
Federal Signal Corp.
​ ​ ​ ​ 15,465 ​ ​ ​ ​ ​ 721,442 ​ ​
Forrester Research, Inc.*
​ ​ ​ ​ 9,251 ​ ​ ​ ​ ​ 391,502 ​ ​
Franklin Electric Co., Inc.
​ ​ ​ ​ 6,285 ​ ​ ​ ​ ​ 514,993 ​ ​
Genco Shipping & Trading Ltd.
​ ​ ​ ​ 22,098 ​ ​ ​ ​ ​ 296,113 ​ ​
GEO Group, Inc. (The)*
​ ​ ​ ​ 78,963 ​ ​ ​ ​ ​ 668,027 ​ ​
Global Industrial Co.
​ ​ ​ ​ 16,194 ​ ​ ​ ​ ​ 513,998 ​ ​
Gorman-Rupp Co. (The)
​ ​ ​ ​ 14,547 ​ ​ ​ ​ ​ 394,806 ​ ​
Granite Construction, Inc.
​ ​ ​ ​ 15,913 ​ ​ ​ ​ ​ 536,745 ​ ​
Great Lakes Dredge & Dock Corp.*
​ ​ ​ ​ 37,202 ​ ​ ​ ​ ​ 281,247 ​ ​
​
See notes to financial statements.
74
TABLE OF CONTENTS
Schedule of Investments — IQ Chaikin U.S. Small Cap ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Industrials (continued) ​
Greenbrier Cos., Inc. (The)
​ ​ ​ ​ 10,132 ​ ​ ​ ​ $ 357,761 ​ ​
Heidrick & Struggles International, Inc.
​ ​ ​ ​ 13,187 ​ ​ ​ ​ ​ 371,346 ​ ​
Heritage-Crystal Clean, Inc.*
​ ​ ​ ​ 17,627 ​ ​ ​ ​ ​ 484,214 ​ ​
Hillenbrand, Inc.
​ ​ ​ ​ 11,817 ​ ​ ​ ​ ​ 522,075 ​ ​
HNI Corp.
​ ​ ​ ​ 14,088 ​ ​ ​ ​ ​ 408,411 ​ ​
Hub Group, Inc., Class A*
​ ​ ​ ​ 6,760 ​ ​ ​ ​ ​ 524,576 ​ ​
Huron Consulting Group, Inc.*
​ ​ ​ ​ 11,393 ​ ​ ​ ​ ​ 838,867 ​ ​
Hyster-Yale Materials Handling, Inc.
​ ​ ​ ​ 15,717 ​ ​ ​ ​ ​ 458,308 ​ ​
ICF International, Inc.
​ ​ ​ ​ 5,544 ​ ​ ​ ​ ​ 663,229 ​ ​
IES Holdings, Inc.*
​ ​ ​ ​ 12,984 ​ ​ ​ ​ ​ 428,991 ​ ​
Insteel Industries, Inc.
​ ​ ​ ​ 14,111 ​ ​ ​ ​ ​ 371,825 ​ ​
JetBlue Airways Corp.*
​ ​ ​ ​ 34,912 ​ ​ ​ ​ ​ 280,692 ​ ​
John Bean Technologies Corp.
​ ​ ​ ​ 4,405 ​ ​ ​ ​ ​ 401,736 ​ ​
Kadant, Inc.
​ ​ ​ ​ 2,687 ​ ​ ​ ​ ​ 478,152 ​ ​
Kaman Corp.
​ ​ ​ ​ 12,004 ​ ​ ​ ​ ​ 385,328 ​ ​
KAR Auction Services, Inc.*
​ ​ ​ ​ 28,916 ​ ​ ​ ​ ​ 420,149 ​ ​
Kelly Services, Inc., Class A
​ ​ ​ ​ 24,064 ​ ​ ​ ​ ​ 393,206 ​ ​
Kforce, Inc.
​ ​ ​ ​ 7,056 ​ ​ ​ ​ ​ 446,433 ​ ​
Kirby Corp.*
​ ​ ​ ​ 7,231 ​ ​ ​ ​ ​ 504,362 ​ ​
Korn Ferry
​ ​ ​ ​ 8,037 ​ ​ ​ ​ ​ 446,777 ​ ​
Marten Transport Ltd.
​ ​ ​ ​ 29,389 ​ ​ ​ ​ ​ 551,632 ​ ​
Matson, Inc.
​ ​ ​ ​ 4,327 ​ ​ ​ ​ ​ 318,381 ​ ​
Matthews International Corp., Class A
​ ​ ​ ​ 16,130 ​ ​ ​ ​ ​ 433,574 ​ ​
McGrath RentCorp
​ ​ ​ ​ 6,142 ​ ​ ​ ​ ​ 577,655 ​ ​
Moog, Inc., Class A
​ ​ ​ ​ 5,945 ​ ​ ​ ​ ​ 503,839 ​ ​
MSC Industrial Direct Co., Inc., Class A
​ ​ ​ ​ 6,125 ​ ​ ​ ​ ​ 508,253 ​ ​
Mueller Industries, Inc.
​ ​ ​ ​ 9,635 ​ ​ ​ ​ ​ 603,536 ​ ​
MYR Group, Inc.*
​ ​ ​ ​ 5,550 ​ ​ ​ ​ ​ 485,681 ​ ​
Parsons Corp.*
​ ​ ​ ​ 13,486 ​ ​ ​ ​ ​ 632,224 ​ ​
PGT Innovations, Inc.*
​ ​ ​ ​ 29,029 ​ ​ ​ ​ ​ 618,608 ​ ​
Primoris Services Corp.
​ ​ ​ ​ 21,912 ​ ​ ​ ​ ​ 442,403 ​ ​
Quanex Building Products Corp.
​ ​ ​ ​ 24,867 ​ ​ ​ ​ ​ 551,053 ​ ​
Rush Enterprises, Inc., Class A
​ ​ ​ ​ 10,252 ​ ​ ​ ​ ​ 511,472 ​ ​
Ryder System, Inc.
​ ​ ​ ​ 6,579 ​ ​ ​ ​ ​ 529,675 ​ ​
Schneider National, Inc., Class B
​ ​ ​ ​ 20,468 ​ ​ ​ ​ ​ 455,208 ​ ​
Shoals Technologies Group, Inc.,
Class A*
​ ​ ​ ​ 30,630 ​ ​ ​ ​ ​ 707,859 ​ ​
SP Plus Corp.*
​ ​ ​ ​ 16,643 ​ ​ ​ ​ ​ 616,290 ​ ​
SPX Technologies, Inc.*
​ ​ ​ ​ 10,563 ​ ​ ​ ​ ​ 695,468 ​ ​
Sterling Infrastructure, Inc.*
​ ​ ​ ​ 19,476 ​ ​ ​ ​ ​ 525,657 ​ ​
Terex Corp.
​ ​ ​ ​ 14,636 ​ ​ ​ ​ ​ 593,343 ​ ​
Thermon Group Holdings, Inc.*
​ ​ ​ ​ 32,219 ​ ​ ​ ​ ​ 572,209 ​ ​
Triton International Ltd.
​ ​ ​ ​ 7,437 ​ ​ ​ ​ ​ 451,352 ​ ​
TrueBlue, Inc.*
​ ​ ​ ​ 18,067 ​ ​ ​ ​ ​ 355,197 ​ ​
Tutor Perini Corp.*
​ ​ ​ ​ 48,327 ​ ​ ​ ​ ​ 358,586 ​ ​
UFP Industries, Inc.
​ ​ ​ ​ 6,764 ​ ​ ​ ​ ​ 481,800 ​ ​
Univar Solutions, Inc.*
​ ​ ​ ​ 16,239 ​ ​ ​ ​ ​ 413,770 ​ ​
VSE Corp.
​ ​ ​ ​ 11,325 ​ ​ ​ ​ ​ 524,234 ​ ​
Wabash National Corp.
​ ​ ​ ​ 35,171 ​ ​ ​ ​ ​ 761,452 ​ ​
Watts Water Technologies, Inc., Class A
​ ​ ​ ​ 3,739 ​ ​ ​ ​ ​ 547,240 ​ ​
Werner Enterprises, Inc.
​ ​ ​ ​ 12,730 ​ ​ ​ ​ ​ 499,016 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 43,554,507 ​ ​
Information Technology — 10.7% ​
A10 Networks, Inc.
​ ​ ​ ​ 37,415 ​ ​ ​ ​ ​ 628,572 ​ ​
ACI Worldwide, Inc.*
​ ​ ​ ​ 16,575 ​ ​ ​ ​ ​ 403,270 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Information Technology (continued) ​
ACM Research, Inc., Class A*
​ ​ ​ ​ 25,227 ​ ​ ​ ​ $ 161,453 ​ ​
Adeia, Inc.
​ ​ ​ ​ 30,135 ​ ​ ​ ​ ​ 336,909 ​ ​
Advanced Energy Industries, Inc.
​ ​ ​ ​ 6,064 ​ ​ ​ ​ ​ 476,934 ​ ​
Alarm.com Holdings, Inc.*
​ ​ ​ ​ 7,854 ​ ​ ​ ​ ​ 462,129 ​ ​
Appfolio, Inc., Class A*
​ ​ ​ ​ 4,611 ​ ​ ​ ​ ​ 578,081 ​ ​
Avaya Holdings Corp.*(a)
​ ​ ​ ​ 41,194 ​ ​ ​ ​ ​ 65,086 ​ ​
Avnet, Inc.
​ ​ ​ ​ 12,859 ​ ​ ​ ​ ​ 516,803 ​ ​
Belden, Inc.
​ ​ ​ ​ 9,422 ​ ​ ​ ​ ​ 656,054 ​ ​
Benchmark Electronics, Inc.
​ ​ ​ ​ 20,844 ​ ​ ​ ​ ​ 591,761 ​ ​
Box, Inc., Class A*
​ ​ ​ ​ 17,961 ​ ​ ​ ​ ​ 521,767 ​ ​
BTRS Holdings, Inc., Class 1*
​ ​ ​ ​ 69,779 ​ ​ ​ ​ ​ 658,714 ​ ​
Cambium Networks Corp.*
​ ​ ​ ​ 22,078 ​ ​ ​ ​ ​ 427,209 ​ ​
Cass Information Systems, Inc.
​ ​ ​ ​ 14,141 ​ ​ ​ ​ ​ 604,952 ​ ​
ChannelAdvisor Corp.*
​ ​ ​ ​ 31,499 ​ ​ ​ ​ ​ 725,737 ​ ​
Cirrus Logic, Inc.*
​ ​ ​ ​ 6,155 ​ ​ ​ ​ ​ 413,124 ​ ​
CSG Systems International, Inc.
​ ​ ​ ​ 8,210 ​ ​ ​ ​ ​ 530,941 ​ ​
Diodes, Inc.*
​ ​ ​ ​ 6,000 ​ ​ ​ ​ ​ 430,020 ​ ​
Domo, Inc., Class B*
​ ​ ​ ​ 10,321 ​ ​ ​ ​ ​ 182,372 ​ ​
DZS, Inc.*
​ ​ ​ ​ 37,631 ​ ​ ​ ​ ​ 597,957 ​ ​
Envestnet, Inc.*
​ ​ ​ ​ 7,011 ​ ​ ​ ​ ​ 345,712 ​ ​
ePlus, Inc.*
​ ​ ​ ​ 9,311 ​ ​ ​ ​ ​ 453,632 ​ ​
ExlService Holdings, Inc.*
​ ​ ​ ​ 3,643 ​ ​ ​ ​ ​ 662,480 ​ ​
FormFactor, Inc.*
​ ​ ​ ​ 12,418 ​ ​ ​ ​ ​ 250,968 ​ ​
Grid Dynamics Holdings, Inc.*
​ ​ ​ ​ 37,069 ​ ​ ​ ​ ​ 504,509 ​ ​
Hackett Group, Inc. (The)
​ ​ ​ ​ 22,634 ​ ​ ​ ​ ​ 494,327 ​ ​
Insight Enterprises, Inc.*
​ ​ ​ ​ 4,863 ​ ​ ​ ​ ​ 459,602 ​ ​
InterDigital, Inc.
​ ​ ​ ​ 8,181 ​ ​ ​ ​ ​ 407,986 ​ ​
International Money Express, Inc.*
​ ​ ​ ​ 25,325 ​ ​ ​ ​ ​ 684,535 ​ ​
Itron, Inc.*
​ ​ ​ ​ 9,908 ​ ​ ​ ​ ​ 484,402 ​ ​
Knowles Corp.*
​ ​ ​ ​ 24,242 ​ ​ ​ ​ ​ 333,327 ​ ​
LiveRamp Holdings, Inc.*
​ ​ ​ ​ 13,960 ​ ​ ​ ​ ​ 256,306 ​ ​
NETGEAR, Inc.*
​ ​ ​ ​ 21,148 ​ ​ ​ ​ ​ 415,558 ​ ​
NetScout Systems, Inc.*
​ ​ ​ ​ 16,270 ​ ​ ​ ​ ​ 584,418 ​ ​
Onto Innovation, Inc.*
​ ​ ​ ​ 6,007 ​ ​ ​ ​ ​ 401,508 ​ ​
PC Connection, Inc.
​ ​ ​ ​ 9,962 ​ ​ ​ ​ ​ 529,381 ​ ​
Photronics, Inc.*
​ ​ ​ ​ 30,757 ​ ​ ​ ​ ​ 498,879 ​ ​
Plexus Corp.*
​ ​ ​ ​ 6,380 ​ ​ ​ ​ ​ 627,792 ​ ​
Progress Software Corp.
​ ​ ​ ​ 11,084 ​ ​ ​ ​ ​ 565,617 ​ ​
Rackspace Technology, Inc.*(a)
​ ​ ​ ​ 46,769 ​ ​ ​ ​ ​ 240,860 ​ ​
Rambus, Inc.*
​ ​ ​ ​ 16,367 ​ ​ ​ ​ ​ 493,629 ​ ​
Ribbon Communications, Inc.*
​ ​ ​ ​ 168,912 ​ ​ ​ ​ ​ 447,617 ​ ​
Sanmina Corp.*
​ ​ ​ ​ 12,913 ​ ​ ​ ​ ​ 723,774 ​ ​
ScanSource, Inc.*
​ ​ ​ ​ 15,003 ​ ​ ​ ​ ​ 464,793 ​ ​
Semtech Corp.*
​ ​ ​ ​ 7,528 ​ ​ ​ ​ ​ 208,450 ​ ​
SMART Global Holdings, Inc.*
​ ​ ​ ​ 20,207 ​ ​ ​ ​ ​ 273,401 ​ ​
Super Micro Computer, Inc.*
​ ​ ​ ​ 13,710 ​ ​ ​ ​ ​ 954,079 ​ ​
TTM Technologies, Inc.*
​ ​ ​ ​ 35,219 ​ ​ ​ ​ ​ 539,203 ​ ​
Unisys Corp.*
​ ​ ​ ​ 24,153 ​ ​ ​ ​ ​ 205,300 ​ ​
Upland Software, Inc.*
​ ​ ​ ​ 29,639 ​ ​ ​ ​ ​ 238,298 ​ ​
Veeco Instruments, Inc.*(a)
​ ​ ​ ​ 19,196 ​ ​ ​ ​ ​ 349,943 ​ ​
Viasat, Inc.*
​ ​ ​ ​ 10,695 ​ ​ ​ ​ ​ 438,067 ​ ​
Vishay Intertechnology, Inc.
​ ​ ​ ​ 26,630 ​ ​ ​ ​ ​ 556,833 ​ ​
Xerox Holdings Corp.
​ ​ ​ ​ 25,877 ​ ​ ​ ​ ​ 378,580 ​ ​
Xperi, Inc.*
​ ​ ​ ​ 12,054 ​ ​ ​ ​ ​ 168,394 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 25,612,005 ​ ​
​
​
See notes to financial statements.
75​
TABLE OF CONTENTS
Schedule of Investments — IQ Chaikin U.S. Small Cap ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​ ​ ​
Common Stocks (continued) ​ ​ ​
Materials — 4.2% ​ ​ ​ ​ ​ ​ ​
Avient Corp.
​ ​ ​ ​ 10,874 ​ ​ ​ ​ $ 375,044 ​ ​ ​ ​
Cabot Corp.
​ ​ ​ ​ 7,629 ​ ​ ​ ​ ​ 560,579 ​ ​ ​ ​
Chase Corp.
​ ​ ​ ​ 6,005 ​ ​ ​ ​ ​ 565,731 ​ ​ ​ ​
Commercial Metals Co.
​ ​ ​ ​ 12,541 ​ ​ ​ ​ ​ 570,615 ​ ​ ​ ​
Gatos Silver, Inc.*
​ ​ ​ ​ 120,820 ​ ​ ​ ​ ​ 398,706 ​ ​ ​ ​
Greif, Inc., Class A
​ ​ ​ ​ 8,022 ​ ​ ​ ​ ​ 531,137 ​ ​ ​ ​
Hawkins, Inc.
​ ​ ​ ​ 11,371 ​ ​ ​ ​ ​ 512,036 ​ ​ ​ ​
Ingevity Corp.*
​ ​ ​ ​ 8,147 ​ ​ ​ ​ ​ 548,049 ​ ​ ​ ​
Innospec, Inc.
​ ​ ​ ​ 5,640 ​ ​ ​ ​ ​ 563,944 ​ ​ ​ ​
Kronos Worldwide, Inc.
​ ​ ​ ​ 33,631 ​ ​ ​ ​ ​ 319,495 ​ ​ ​ ​
Materion Corp.
​ ​ ​ ​ 6,088 ​ ​ ​ ​ ​ 521,802 ​ ​ ​ ​
Mativ Holdings, Inc.
​ ​ ​ ​ 18,979 ​ ​ ​ ​ ​ 450,561 ​ ​ ​ ​
Minerals Technologies, Inc.
​ ​ ​ ​ 7,890 ​ ​ ​ ​ ​ 434,029 ​ ​ ​ ​
Myers Industries, Inc.
​ ​ ​ ​ 24,164 ​ ​ ​ ​ ​ 490,288 ​ ​ ​ ​
Orion Engineered Carbons SA
​ ​ ​ ​ 32,682 ​ ​ ​ ​ ​ 521,605 ​ ​ ​ ​
Silgan Holdings, Inc.
​ ​ ​ ​ 11,290 ​ ​ ​ ​ ​ 534,694 ​ ​ ​ ​
Stepan Co.
​ ​ ​ ​ 5,282 ​ ​ ​ ​ ​ 551,652 ​ ​ ​ ​
Summit Materials, Inc., Class A*
​ ​ ​ ​ 16,804 ​ ​ ​ ​ ​ 442,785 ​ ​ ​ ​
SunCoke Energy, Inc.
​ ​ ​ ​ 58,579 ​ ​ ​ ​ ​ 425,284 ​ ​ ​ ​
Trinseo PLC
​ ​ ​ ​ 10,892 ​ ​ ​ ​ ​ 204,987 ​ ​ ​ ​
Worthington Industries, Inc.
​ ​ ​ ​ 10,153 ​ ​ ​ ​ ​ 482,877 ​ ​ ​ ​
Total Materials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,005,900 ​ ​ ​ ​
Real Estate — 4.6% ​ ​ ​
Alexander & Baldwin, Inc.
​ ​ ​ ​ 22,507 ​ ​ ​ ​ ​ 438,436 ​ ​ ​ ​
Chatham Lodging Trust*
​ ​ ​ ​ 37,850 ​ ​ ​ ​ ​ 490,914 ​ ​ ​ ​
Corporate Office Properties Trust
​ ​ ​ ​ 18,288 ​ ​ ​ ​ ​ 487,375 ​ ​ ​ ​
DiamondRock Hospitality Co.
​ ​ ​ ​ 51,677 ​ ​ ​ ​ ​ 482,663 ​ ​ ​ ​
Diversified Healthcare Trust
​ ​ ​ ​ 163,107 ​ ​ ​ ​ ​ 221,826 ​ ​ ​ ​
EPR Properties
​ ​ ​ ​ 9,540 ​ ​ ​ ​ ​ 368,244 ​ ​ ​ ​
Essential Properties Realty Trust, Inc.
​ ​ ​ ​ 20,630 ​ ​ ​ ​ ​ 443,958 ​ ​ ​ ​
Forestar Group, Inc.*
​ ​ ​ ​ 29,389 ​ ​ ​ ​ ​ 340,325 ​ ​ ​ ​
Franklin Street Properties Corp.
​ ​ ​ ​ 88,465 ​ ​ ​ ​ ​ 254,779 ​ ​ ​ ​
Hudson Pacific Properties, Inc.
​ ​ ​ ​ 18,809 ​ ​ ​ ​ ​ 207,651 ​ ​ ​ ​
Independence Realty Trust, Inc.
​ ​ ​ ​ 19,740 ​ ​ ​ ​ ​ 330,842 ​ ​ ​ ​
iStar, Inc.
​ ​ ​ ​ 22,296 ​ ​ ​ ​ ​ 233,662 ​ ​ ​ ​
JBG SMITH Properties
​ ​ ​ ​ 17,862 ​ ​ ​ ​ ​ 351,524 ​ ​ ​ ​
Marcus & Millichap, Inc.
​ ​ ​ ​ 9,908 ​ ​ ​ ​ ​ 365,011 ​ ​ ​ ​
Necessity Retail REIT, Inc. (The)
​ ​ ​ ​ 65,985 ​ ​ ​ ​ ​ 451,337 ​ ​ ​ ​
Office Properties Income Trust
​ ​ ​ ​ 20,285 ​ ​ ​ ​ ​ 310,360 ​ ​ ​ ​
Outfront Media, Inc.
​ ​ ​ ​ 18,359 ​ ​ ​ ​ ​ 331,380 ​ ​ ​ ​
Paramount Group, Inc.
​ ​ ​ ​ 47,840 ​ ​ ​ ​ ​ 309,525 ​ ​ ​ ​
Piedmont Office Realty Trust, Inc.,
Class A
​ ​ ​ ​ 30,310 ​ ​ ​ ​ ​ 316,740 ​ ​ ​ ​
PotlatchDeltic Corp.
​ ​ ​ ​ 9,898 ​ ​ ​ ​ ​ 440,362 ​ ​ ​ ​
Rafael Holdings, Inc., Class B*
​ ​ ​ ​ 207,944 ​ ​ ​ ​ ​ 368,061 ​ ​ ​ ​
Retail Opportunity Investments Corp.
​ ​ ​ ​ 26,918 ​ ​ ​ ​ ​ 389,773 ​ ​ ​ ​
RLJ Lodging Trust
​ ​ ​ ​ 37,069 ​ ​ ​ ​ ​ 451,130 ​ ​ ​ ​
Service Properties Trust
​ ​ ​ ​ 59,110 ​ ​ ​ ​ ​ 479,382 ​ ​ ​ ​
St Joe Co. (The)
​ ​ ​ ​ 8,810 ​ ​ ​ ​ ​ 313,019 ​ ​ ​ ​
Sunstone Hotel Investors, Inc.
​ ​ ​ ​ 44,307 ​ ​ ​ ​ ​ 494,023 ​ ​ ​ ​
Uniti Group, Inc.
​ ​ ​ ​ 37,932 ​ ​ ​ ​ ​ 294,352 ​ ​ ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Real Estate (continued) ​
Urstadt Biddle Properties, Inc., Class A
​ ​ ​ ​ 27,748 ​ ​ ​ ​ $ 519,998 ​ ​
Xenia Hotels & Resorts, Inc.
​ ​ ​ ​ 27,058 ​ ​ ​ ​ ​ 462,151 ​ ​
Total Real Estate
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,948,803 ​ ​
Utilities — 3.2% ​
ALLETE, Inc.
​ ​ ​ ​ 7,792 ​ ​ ​ ​ ​ 438,456 ​ ​
Avista Corp.
​ ​ ​ ​ 11,560 ​ ​ ​ ​ ​ 474,307 ​ ​
Black Hills Corp.
​ ​ ​ ​ 6,776 ​ ​ ​ ​ ​ 442,947 ​ ​
California Water Service Group
​ ​ ​ ​ 8,804 ​ ​ ​ ​ ​ 546,376 ​ ​
Hawaiian Electric Industries, Inc.
​ ​ ​ ​ 12,336 ​ ​ ​ ​ ​ 469,262 ​ ​
Montauk Renewables, Inc.*
​ ​ ​ ​ 46,602 ​ ​ ​ ​ ​ 697,632 ​ ​
Northwest Natural Holding Co.
​ ​ ​ ​ 10,091 ​ ​ ​ ​ ​ 485,276 ​ ​
NorthWestern Corp.
​ ​ ​ ​ 8,628 ​ ​ ​ ​ ​ 455,817 ​ ​
ONE Gas, Inc.
​ ​ ​ ​ 5,915 ​ ​ ​ ​ ​ 458,294 ​ ​
Otter Tail Corp.
​ ​ ​ ​ 8,351 ​ ​ ​ ​ ​ 563,024 ​ ​
Portland General Electric Co.
​ ​ ​ ​ 9,464 ​ ​ ​ ​ ​ 425,312 ​ ​
SJW Group
​ ​ ​ ​ 7,501 ​ ​ ​ ​ ​ 530,171 ​ ​
Southwest Gas Holdings, Inc.
​ ​ ​ ​ 6,667 ​ ​ ​ ​ ​ 487,158 ​ ​
Spire, Inc.
​ ​ ​ ​ 7,274 ​ ​ ​ ​ ​ 507,798 ​ ​
Unitil Corp.
​ ​ ​ ​ 10,464 ​ ​ ​ ​ ​ 551,557 ​ ​
Total Utilities
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,533,387 ​ ​
Total Common Stocks
(Cost $246,108,063)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 237,907,056 ​ ​
Short-Term Investments — 0.5% ​
Money Market Funds — 0.5% ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(b)(c)
​ ​ ​ ​ 858,535 ​ ​ ​ ​ ​ 858,535 ​ ​
Dreyfus Institutional Preferred Government
Money Market Fund, Institutional
Shares, 3.09%(b)
​ ​ ​ ​ 306,851 ​ ​ ​ ​ ​ 306,851 ​ ​
Total Short-Term Investments
(Cost $1,165,386)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,165,386 ​ ​
Total Investments — 100.4%
(Cost $247,273,449)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 239,072,442 ​ ​
Other Assets and Liabilities,
Net — (0.4)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (851,013) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 238,221,429 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $6,377,907; total market value of collateral held by the Fund was $6,589,793. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of  $5,731,258.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
​
See notes to financial statements.
76
TABLE OF CONTENTS
Schedule of Investments — IQ Chaikin U.S. Small Cap ETF (continued)
​
October 31, 2022 (unaudited)
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(d) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 237,907,056 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 237,907,056 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 1,165,386 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,165,386 ​ ​
Total Investments in Securities
​ ​ ​ $ 239,072,442 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 239,072,442 ​ ​
​
(d)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
77​
TABLE OF CONTENTS​
Schedule of Investments — IQ 500 International ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 98.3% ​
Australia — 4.0% ​
Ampol Ltd.
​ ​ ​ ​ 9,807 ​ ​ ​ ​ $ 170,762 ​ ​
Australia & New Zealand Banking Group Ltd.
​ ​ ​ ​ 8,911 ​ ​ ​ ​ ​ 145,645 ​ ​
BHP Group Ltd.
​ ​ ​ ​ 37,651 ​ ​ ​ ​ ​ 899,479 ​ ​
BlueScope Steel Ltd.
​ ​ ​ ​ 13,425 ​ ​ ​ ​ ​ 135,036 ​ ​
Coles Group Ltd.
​ ​ ​ ​ 30,067 ​ ​ ​ ​ ​ 313,967 ​ ​
Commonwealth Bank of Australia
​ ​ ​ ​ 2,495 ​ ​ ​ ​ ​ 167,010 ​ ​
Downer EDI Ltd.
​ ​ ​ ​ 51,377 ​ ​ ​ ​ ​ 147,511 ​ ​
Flutter Entertainment PLC*
​ ​ ​ ​ 2,353 ​ ​ ​ ​ ​ 313,715 ​ ​
Fortescue Metals Group Ltd.
​ ​ ​ ​ 25,142 ​ ​ ​ ​ ​ 236,333 ​ ​
Glencore PLC
​ ​ ​ ​ 271,535 ​ ​ ​ ​ ​ 1,561,588 ​ ​
Metcash Ltd.
​ ​ ​ ​ 59,325 ​ ​ ​ ​ ​ 155,535 ​ ​
Ramsay Health Care Ltd.
​ ​ ​ ​ 6,639 ​ ​ ​ ​ ​ 248,648 ​ ​
Rio Tinto PLC
​ ​ ​ ​ 17,300 ​ ​ ​ ​ ​ 903,691 ​ ​
Sonic Healthcare Ltd.
​ ​ ​ ​ 11,218 ​ ​ ​ ​ ​ 235,071 ​ ​
Telstra Group Ltd.*
​ ​ ​ ​ 89,306 ​ ​ ​ ​ ​ 223,859 ​ ​
Viva Energy Group Ltd.
​ ​ ​ ​ 126,980 ​ ​ ​ ​ ​ 229,789 ​ ​
Wesfarmers Ltd.
​ ​ ​ ​ 10,116 ​ ​ ​ ​ ​ 294,067 ​ ​
Westpac Banking Corp.
​ ​ ​ ​ 10,343 ​ ​ ​ ​ ​ 159,460 ​ ​
Woodside Energy Group Ltd.
​ ​ ​ ​ 6,804 ​ ​ ​ ​ ​ 156,543 ​ ​
Woolworths Group Ltd.
​ ​ ​ ​ 19,788 ​ ​ ​ ​ ​ 417,818 ​ ​
Worley Ltd.
​ ​ ​ ​ 19,106 ​ ​ ​ ​ ​ 174,342 ​ ​
Total Australia
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,289,869 ​ ​
Austria — 0.5% ​
Mondi PLC
​ ​ ​ ​ 10,040 ​ ​ ​ ​ ​ 169,058 ​ ​
OMV AG
​ ​ ​ ​ 12,621 ​ ​ ​ ​ ​ 581,784 ​ ​
voestalpine AG
​ ​ ​ ​ 8,577 ​ ​ ​ ​ ​ 186,326 ​ ​
Total Austria
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 937,168 ​ ​
Belgium — 0.9% ​
Anheuser-Busch InBev SA
​ ​ ​ ​ 18,069 ​ ​ ​ ​ ​ 903,637 ​ ​
Etablissements Franz Colruyt NV
​ ​ ​ ​ 4,514 ​ ​ ​ ​ ​ 108,814 ​ ​
Solvay SA
​ ​ ​ ​ 2,665 ​ ​ ​ ​ ​ 240,321 ​ ​
UCB SA
​ ​ ​ ​ 1,398 ​ ​ ​ ​ ​ 105,452 ​ ​
Umicore SA
​ ​ ​ ​ 9,693 ​ ​ ​ ​ ​ 319,495 ​ ​
Total Belgium
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,677,719 ​ ​
Canada — 6.6% ​
Alimentation Couche-Tard, Inc.
​ ​ ​ ​ 20,513 ​ ​ ​ ​ ​ 917,337 ​ ​
Bank of Montreal(a)
​ ​ ​ ​ 1,836 ​ ​ ​ ​ ​ 168,908 ​ ​
Bank of Nova Scotia (The)(a)
​ ​ ​ ​ 3,333 ​ ​ ​ ​ ​ 160,902 ​ ​
Barrick Gold Corp.
​ ​ ​ ​ 9,068 ​ ​ ​ ​ ​ 136,214 ​ ​
BCE, Inc.(a)
​ ​ ​ ​ 6,581 ​ ​ ​ ​ ​ 296,472 ​ ​
Brookfield Asset Management, Inc., Class A
​ ​ ​ ​ 9,016 ​ ​ ​ ​ ​ 356,595 ​ ​
Canadian Imperial Bank of Commerce
​ ​ ​ ​ 2,776 ​ ​ ​ ​ ​ 125,913 ​ ​
Canadian National Railway Co.
​ ​ ​ ​ 1,990 ​ ​ ​ ​ ​ 235,465 ​ ​
Canadian Natural Resources Ltd.
​ ​ ​ ​ 5,460 ​ ​ ​ ​ ​ 327,068 ​ ​
Canadian Pacific Railway Ltd.
​ ​ ​ ​ 2,057 ​ ​ ​ ​ ​ 153,153 ​ ​
Canadian Tire Corp., Ltd., Class A(a)
​ ​ ​ ​ 1,395 ​ ​ ​ ​ ​ 156,154 ​ ​
Cenovus Energy, Inc.(a)
​ ​ ​ ​ 28,446 ​ ​ ​ ​ ​ 574,321 ​ ​
CGI, Inc.*
​ ​ ​ ​ 3,259 ​ ​ ​ ​ ​ 262,192 ​ ​
Empire Co., Ltd., Class A
​ ​ ​ ​ 9,325 ​ ​ ​ ​ ​ 239,269 ​ ​
Enbridge, Inc.
​ ​ ​ ​ 21,158 ​ ​ ​ ​ ​ 823,332 ​ ​
George Weston Ltd.
​ ​ ​ ​ 5,401 ​ ​ ​ ​ ​ 593,732 ​ ​
Great-West Lifeco, Inc.
​ ​ ​ ​ 13,439 ​ ​ ​ ​ ​ 310,741 ​ ​
Imperial Oil Ltd.
​ ​ ​ ​ 7,717 ​ ​ ​ ​ ​ 419,271 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Canada (continued) ​
Loblaw Cos. Ltd.
​ ​ ​ ​ 7,119 ​ ​ ​ ​ $ 582,547 ​ ​
Magna International, Inc.
​ ​ ​ ​ 7,545 ​ ​ ​ ​ ​ 419,938 ​ ​
Manulife Financial Corp.
​ ​ ​ ​ 15,931 ​ ​ ​ ​ ​ 263,716 ​ ​
Metro, Inc.
​ ​ ​ ​ 4,045 ​ ​ ​ ​ ​ 211,643 ​ ​
Nutrien Ltd.
​ ​ ​ ​ 5,063 ​ ​ ​ ​ ​ 427,258 ​ ​
Parkland Corp.
​ ​ ​ ​ 10,415 ​ ​ ​ ​ ​ 210,278 ​ ​
Pembina Pipeline Corp.
​ ​ ​ ​ 5,158 ​ ​ ​ ​ ​ 170,087 ​ ​
Power Corp. of Canada
​ ​ ​ ​ 12,820 ​ ​ ​ ​ ​ 317,951 ​ ​
Restaurant Brands International, Inc.
​ ​ ​ ​ 3,779 ​ ​ ​ ​ ​ 224,266 ​ ​
Rogers Communications, Inc., Class B
​ ​ ​ ​ 4,310 ​ ​ ​ ​ ​ 179,187 ​ ​
Royal Bank of Canada
​ ​ ​ ​ 3,092 ​ ​ ​ ​ ​ 285,727 ​ ​
Saputo, Inc.
​ ​ ​ ​ 8,450 ​ ​ ​ ​ ​ 205,419 ​ ​
Sun Life Financial, Inc.
​ ​ ​ ​ 4,158 ​ ​ ​ ​ ​ 176,373 ​ ​
Suncor Energy, Inc.
​ ​ ​ ​ 12,176 ​ ​ ​ ​ ​ 418,289 ​ ​
TC Energy Corp.
​ ​ ​ ​ 4,601 ​ ​ ​ ​ ​ 201,843 ​ ​
Teck Resources Ltd., Class B
​ ​ ​ ​ 4,905 ​ ​ ​ ​ ​ 149,122 ​ ​
TELUS Corp.
​ ​ ​ ​ 9,842 ​ ​ ​ ​ ​ 205,275 ​ ​
TFI International, Inc.
​ ​ ​ ​ 1,762 ​ ​ ​ ​ ​ 160,189 ​ ​
Thomson Reuters Corp.
​ ​ ​ ​ 1,808 ​ ​ ​ ​ ​ 192,047 ​ ​
Toronto-Dominion Bank (The)
​ ​ ​ ​ 3,692 ​ ​ ​ ​ ​ 235,992 ​ ​
West Fraser Timber Co., Ltd.
​ ​ ​ ​ 2,219 ​ ​ ​ ​ ​ 166,403 ​ ​
WSP Global, Inc.
​ ​ ​ ​ 1,619 ​ ​ ​ ​ ​ 198,736 ​ ​
Total Canada
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 11,859,325 ​ ​
Denmark — 1.1% ​
Carlsberg A/S, Class B
​ ​ ​ ​ 1,688 ​ ​ ​ ​ ​ 198,995 ​ ​
Danske Bank A/S
​ ​ ​ ​ 11,945 ​ ​ ​ ​ ​ 192,831 ​ ​
DSV A/S
​ ​ ​ ​ 3,249 ​ ​ ​ ​ ​ 439,955 ​ ​
ISS A/S*
​ ​ ​ ​ 15,719 ​ ​ ​ ​ ​ 288,606 ​ ​
Novo Nordisk A/S, Class B
​ ​ ​ ​ 4,428 ​ ​ ​ ​ ​ 481,507 ​ ​
Orsted A/S
​ ​ ​ ​ 1,478 ​ ​ ​ ​ ​ 121,928 ​ ​
Vestas Wind Systems A/S
​ ​ ​ ​ 8,879 ​ ​ ​ ​ ​ 174,927 ​ ​
Total Denmark
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,898,749 ​ ​
Finland — 1.5% ​
Fortum OYJ
​ ​ ​ ​ 82,684 ​ ​ ​ ​ ​ 1,164,109 ​ ​
Kesko OYJ, Class B
​ ​ ​ ​ 7,552 ​ ​ ​ ​ ​ 147,041 ​ ​
Kone OYJ, Class B
​ ​ ​ ​ 3,802 ​ ​ ​ ​ ​ 155,757 ​ ​
Neste OYJ
​ ​ ​ ​ 6,529 ​ ​ ​ ​ ​ 286,122 ​ ​
Nokia OYJ
​ ​ ​ ​ 91,245 ​ ​ ​ ​ ​ 406,449 ​ ​
Outokumpu OYJ
​ ​ ​ ​ 31,258 ​ ​ ​ ​ ​ 125,521 ​ ​
Stora Enso OYJ, Class R
​ ​ ​ ​ 11,928 ​ ​ ​ ​ ​ 155,497 ​ ​
UPM-Kymmene OYJ
​ ​ ​ ​ 6,968 ​ ​ ​ ​ ​ 233,532 ​ ​
Total Finland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,674,028 ​ ​
France — 13.1% ​
Air France-KLM*
​ ​ ​ ​ 293,367 ​ ​ ​ ​ ​ 386,066 ​ ​
Air Liquide SA
​ ​ ​ ​ 3,689 ​ ​ ​ ​ ​ 482,368 ​ ​
Airbus SE
​ ​ ​ ​ 8,791 ​ ​ ​ ​ ​ 952,093 ​ ​
Alstom SA
​ ​ ​ ​ 9,233 ​ ​ ​ ​ ​ 190,356 ​ ​
Arkema SA
​ ​ ​ ​ 1,826 ​ ​ ​ ​ ​ 144,594 ​ ​
Atos SE*(a)
​ ​ ​ ​ 10,641 ​ ​ ​ ​ ​ 103,908 ​ ​
AXA SA
​ ​ ​ ​ 29,998 ​ ​ ​ ​ ​ 741,211 ​ ​
BNP Paribas SA
​ ​ ​ ​ 14,909 ​ ​ ​ ​ ​ 699,852 ​ ​
Bollore SE
​ ​ ​ ​ 175,557 ​ ​ ​ ​ ​ 878,835 ​ ​
Bouygues SA
​ ​ ​ ​ 24,143 ​ ​ ​ ​ ​ 689,125 ​ ​
Bureau Veritas SA
​ ​ ​ ​ 6,020 ​ ​ ​ ​ ​ 149,163 ​ ​
Capgemini SE
​ ​ ​ ​ 2,260 ​ ​ ​ ​ ​ 371,347 ​ ​
​
See notes to financial statements.
78
TABLE OF CONTENTS
Schedule of Investments — IQ 500 International ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
France (continued) ​
Carrefour SA
​ ​ ​ ​ 47,445 ​ ​ ​ ​ $ 763,638 ​ ​
Casino Guichard Perrachon SA*(a)
​ ​ ​ ​ 28,640 ​ ​ ​ ​ ​ 275,703 ​ ​
Cie de Saint-Gobain
​ ​ ​ ​ 12,396 ​ ​ ​ ​ ​ 507,214 ​ ​
Cie Generale des Etablissements Michelin
SCA
​ ​ ​ ​ 9,256 ​ ​ ​ ​ ​ 236,114 ​ ​
Credit Agricole SA
​ ​ ​ ​ 42,716 ​ ​ ​ ​ ​ 387,817 ​ ​
Danone SA
​ ​ ​ ​ 8,545 ​ ​ ​ ​ ​ 425,143 ​ ​
Dassault Systemes SE
​ ​ ​ ​ 3,621 ​ ​ ​ ​ ​ 121,500 ​ ​
Eiffage SA
​ ​ ​ ​ 4,829 ​ ​ ​ ​ ​ 436,896 ​ ​
Electricite de France SA
​ ​ ​ ​ 119,486 ​ ​ ​ ​ ​ 1,411,219 ​ ​
Engie SA
​ ​ ​ ​ 59,737 ​ ​ ​ ​ ​ 776,624 ​ ​
EssilorLuxottica SA
​ ​ ​ ​ 2,291 ​ ​ ​ ​ ​ 363,081 ​ ​
Faurecia SE*
​ ​ ​ ​ 13,052 ​ ​ ​ ​ ​ 195,047 ​ ​
Kering SA
​ ​ ​ ​ 518 ​ ​ ​ ​ ​ 237,398 ​ ​
Korian SA
​ ​ ​ ​ 9,442 ​ ​ ​ ​ ​ 89,214 ​ ​
Legrand SA
​ ​ ​ ​ 2,073 ​ ​ ​ ​ ​ 158,048 ​ ​
L’Oreal SA
​ ​ ​ ​ 1,873 ​ ​ ​ ​ ​ 588,859 ​ ​
LVMH Moet Hennessy Louis Vuitton SE
​ ​ ​ ​ 2,477 ​ ​ ​ ​ ​ 1,564,359 ​ ​
Orange SA
​ ​ ​ ​ 63,807 ​ ​ ​ ​ ​ 607,364 ​ ​
Orpea*(a) ​ ​ ​ ​ 5,410 ​ ​ ​ ​ ​ 43,909 ​ ​
Pernod Ricard SA
​ ​ ​ ​ 1,052 ​ ​ ​ ​ ​ 184,762 ​ ​
Publicis Groupe SA
​ ​ ​ ​ 5,255 ​ ​ ​ ​ ​ 294,694 ​ ​
Renault SA*
​ ​ ​ ​ 20,941 ​ ​ ​ ​ ​ 645,125 ​ ​
Rexel SA*
​ ​ ​ ​ 14,749 ​ ​ ​ ​ ​ 263,919 ​ ​
Safran SA
​ ​ ​ ​ 3,029 ​ ​ ​ ​ ​ 337,450 ​ ​
Sanofi
​ ​ ​ ​ 8,583 ​ ​ ​ ​ ​ 740,819 ​ ​
Societe Generale SA
​ ​ ​ ​ 9,796 ​ ​ ​ ​ ​ 224,861 ​ ​
Sodexo SA
​ ​ ​ ​ 5,387 ​ ​ ​ ​ ​ 477,796 ​ ​
SPIE SA
​ ​ ​ ​ 8,884 ​ ​ ​ ​ ​ 207,922 ​ ​
Technip Energies NV
​ ​ ​ ​ 16,437 ​ ​ ​ ​ ​ 212,247 ​ ​
Teleperformance
​ ​ ​ ​ 600 ​ ​ ​ ​ ​ 160,883 ​ ​
Thales SA
​ ​ ​ ​ 2,956 ​ ​ ​ ​ ​ 375,858 ​ ​
TotalEnergies SE
​ ​ ​ ​ 44,019 ​ ​ ​ ​ ​ 2,397,184 ​ ​
Valeo
​ ​ ​ ​ 15,904 ​ ​ ​ ​ ​ 262,345 ​ ​
Veolia Environnement SA
​ ​ ​ ​ 14,342 ​ ​ ​ ​ ​ 320,210 ​ ​
Vinci SA
​ ​ ​ ​ 14,697 ​ ​ ​ ​ ​ 1,353,509 ​ ​
Vivendi SE
​ ​ ​ ​ 25,289 ​ ​ ​ ​ ​ 207,053 ​ ​
Total France
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 23,644,702 ​ ​
Germany — 10.7% ​
adidas AG
​ ​ ​ ​ 1,662 ​ ​ ​ ​ ​ 162,588 ​ ​
Allianz SE
​ ​ ​ ​ 3,951 ​ ​ ​ ​ ​ 711,484 ​ ​
Aurubis AG
​ ​ ​ ​ 2,454 ​ ​ ​ ​ ​ 155,032 ​ ​
BASF SE
​ ​ ​ ​ 29,340 ​ ​ ​ ​ ​ 1,317,529 ​ ​
Bayer AG
​ ​ ​ ​ 12,662 ​ ​ ​ ​ ​ 666,019 ​ ​
Bayerische Motoren Werke AG
​ ​ ​ ​ 15,925 ​ ​ ​ ​ ​ 1,251,600 ​ ​
Bechtle AG
​ ​ ​ ​ 3,202 ​ ​ ​ ​ ​ 110,764 ​ ​
Beiersdorf AG
​ ​ ​ ​ 1,700 ​ ​ ​ ​ ​ 163,281 ​ ​
Brenntag SE
​ ​ ​ ​ 3,680 ​ ​ ​ ​ ​ 223,465 ​ ​
Continental AG
​ ​ ​ ​ 7,120 ​ ​ ​ ​ ​ 369,303 ​ ​
Covestro AG
​ ​ ​ ​ 6,818 ​ ​ ​ ​ ​ 232,076 ​ ​
Deutsche Bank AG
​ ​ ​ ​ 20,493 ​ ​ ​ ​ ​ 195,656 ​ ​
Deutsche Lufthansa AG*
​ ​ ​ ​ 47,501 ​ ​ ​ ​ ​ 325,956 ​ ​
Deutsche Post AG
​ ​ ​ ​ 61,481 ​ ​ ​ ​ ​ 2,182,056 ​ ​
Deutsche Telekom AG
​ ​ ​ ​ 102,928 ​ ​ ​ ​ ​ 1,949,527 ​ ​
E.ON SE
​ ​ ​ ​ 94,967 ​ ​ ​ ​ ​ 795,561 ​ ​
Evonik Industries AG
​ ​ ​ ​ 11,610 ​ ​ ​ ​ ​ 214,061 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Germany (continued) ​
Fresenius Medical Care AG & Co.
KGaA
​ ​ ​ ​ 8,924 ​ ​ ​ ​ $ 246,784 ​ ​
Fresenius SE & Co. KGaA
​ ​ ​ ​ 19,697 ​ ​ ​ ​ ​ 453,592 ​ ​
Hannover Rueck SE
​ ​ ​ ​ 1,455 ​ ​ ​ ​ ​ 236,990 ​ ​
HeidelbergCement AG
​ ​ ​ ​ 6,197 ​ ​ ​ ​ ​ 285,721 ​ ​
HOCHTIEF AG
​ ​ ​ ​ 6,938 ​ ​ ​ ​ ​ 368,915 ​ ​
Infineon Technologies AG
​ ​ ​ ​ 8,400 ​ ​ ​ ​ ​ 204,564 ​ ​
KION Group AG
​ ​ ​ ​ 2,846 ​ ​ ​ ​ ​ 63,204 ​ ​
Kloeckner & Co SE
​ ​ ​ ​ 11,108 ​ ​ ​ ​ ​ 87,115 ​ ​
LANXESS AG
​ ​ ​ ​ 4,072 ​ ​ ​ ​ ​ 137,841 ​ ​
Mercedes-Benz Group AG
​ ​ ​ ​ 21,708 ​ ​ ​ ​ ​ 1,257,266 ​ ​
Merck KGaA
​ ​ ​ ​ 2,272 ​ ​ ​ ​ ​ 370,512 ​ ​
Muenchener Rueckversicherungs- Gesellschaft AG
​ ​ ​ ​ 2,012 ​ ​ ​ ​ ​ 531,740 ​ ​
ProSiebenSat.1 Media SE
​ ​ ​ ​ 15,436 ​ ​ ​ ​ ​ 104,962 ​ ​
Rheinmetall AG
​ ​ ​ ​ 738 ​ ​ ​ ​ ​ 119,986 ​ ​
RWE AG
​ ​ ​ ​ 9,079 ​ ​ ​ ​ ​ 349,865 ​ ​
Salzgitter AG
​ ​ ​ ​ 3,700 ​ ​ ​ ​ ​ 82,792 ​ ​
SAP SE
​ ​ ​ ​ 7,884 ​ ​ ​ ​ ​ 761,057 ​ ​
Siemens AG
​ ​ ​ ​ 7,596 ​ ​ ​ ​ ​ 830,628 ​ ​
Siemens Energy AG(a)
​ ​ ​ ​ 17,878 ​ ​ ​ ​ ​ 208,767 ​ ​
Siemens Healthineers AG
​ ​ ​ ​ 12,571 ​ ​ ​ ​ ​ 578,734 ​ ​
Telefonica Deutschland Holding AG
​ ​ ​ ​ 67,173 ​ ​ ​ ​ ​ 146,457 ​ ​
thyssenkrupp AG*
​ ​ ​ ​ 67,432 ​ ​ ​ ​ ​ 355,358 ​ ​
TUI AG*(a)
​ ​ ​ ​ 81,033 ​ ​ ​ ​ ​ 122,965 ​ ​
Uniper SE(a)
​ ​ ​ ​ 59,450 ​ ​ ​ ​ ​ 178,152 ​ ​
United Internet AG
​ ​ ​ ​ 5,762 ​ ​ ​ ​ ​ 107,775 ​ ​
Zalando SE*
​ ​ ​ ​ 3,639 ​ ​ ​ ​ ​ 83,909 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 19,301,609 ​ ​
Hong Kong — 0.7% ​
AIA Group Ltd.
​ ​ ​ ​ 32,680 ​ ​ ​ ​ ​ 247,499 ​ ​
CLP Holdings Ltd.
​ ​ ​ ​ 18,335 ​ ​ ​ ​ ​ 123,092 ​ ​
Nine Dragons Paper Holdings Ltd.
​ ​ ​ ​ 238,744 ​ ​ ​ ​ ​ 141,424 ​ ​
Orient Overseas International Ltd.
​ ​ ​ ​ 9,700 ​ ​ ​ ​ ​ 141,734 ​ ​
Prudential PLC
​ ​ ​ ​ 14,800 ​ ​ ​ ​ ​ 138,160 ​ ​
Skyworth Group Ltd.
​ ​ ​ ​ 308,709 ​ ​ ​ ​ ​ 113,261 ​ ​
Techtronic Industries Co., Ltd.
​ ​ ​ ​ 10,700 ​ ​ ​ ​ ​ 101,345 ​ ​
WH Group Ltd.
​ ​ ​ ​ 680,493 ​ ​ ​ ​ ​ 344,154 ​ ​
Total Hong Kong
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,350,669 ​ ​
Ireland — 0.4% ​
CRH PLC
​ ​ ​ ​ 12,007 ​ ​ ​ ​ ​ 432,559 ​ ​
Kerry Group PLC, Class A
​ ​ ​ ​ 1,522 ​ ​ ​ ​ ​ 132,375 ​ ​
Smurfit Kappa Group PLC
​ ​ ​ ​ 5,444 ​ ​ ​ ​ ​ 180,140 ​ ​
Total Ireland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 745,074 ​ ​
Israel — 0.2% ​
ICL Group Ltd.
​ ​ ​ ​ 13,558 ​ ​ ​ ​ ​ 122,964 ​ ​
Teva Pharmaceutical Industries Ltd.*
​ ​ ​ ​ 34,730 ​ ​ ​ ​ ​ 312,022 ​ ​
Total Israel
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 434,986 ​ ​
Italy — 2.8% ​
A2A SpA
​ ​ ​ ​ 99,104 ​ ​ ​ ​ ​ 109,899 ​ ​
Assicurazioni Generali SpA
​ ​ ​ ​ 30,827 ​ ​ ​ ​ ​ 462,806 ​ ​
Atlantia SpA
​ ​ ​ ​ 10,068 ​ ​ ​ ​ ​ 224,686 ​ ​
Enel SpA
​ ​ ​ ​ 192,920 ​ ​ ​ ​ ​ 861,647 ​ ​
​
See notes to financial statements.
79​
TABLE OF CONTENTS
Schedule of Investments — IQ 500 International ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Italy (continued) ​
Eni SpA
​ ​ ​ ​ 63,624 ​ ​ ​ ​ $ 833,446 ​ ​
Hera SpA
​ ​ ​ ​ 46,410 ​ ​ ​ ​ ​ 110,636 ​ ​
Intesa Sanpaolo SpA
​ ​ ​ ​ 157,577 ​ ​ ​ ​ ​ 300,424 ​ ​
Leonardo SpA
​ ​ ​ ​ 29,964 ​ ​ ​ ​ ​ 240,828 ​ ​
Poste Italiane SpA
​ ​ ​ ​ 76,776 ​ ​ ​ ​ ​ 669,274 ​ ​
Prysmian SpA
​ ​ ​ ​ 6,394 ​ ​ ​ ​ ​ 208,480 ​ ​
Saipem SpA*(a)
​ ​ ​ ​ 343,523 ​ ​ ​ ​ ​ 334,088 ​ ​
Telecom Italia SpA*
​ ​ ​ ​ 899,042 ​ ​ ​ ​ ​ 176,025 ​ ​
UniCredit SpA
​ ​ ​ ​ 20,860 ​ ​ ​ ​ ​ 258,701 ​ ​
UnipolSai Assicurazioni SpA
​ ​ ​ ​ 55,145 ​ ​ ​ ​ ​ 124,374 ​ ​
Webuild SpA(a)
​ ​ ​ ​ 91,058 ​ ​ ​ ​ ​ 123,926 ​ ​
Total Italy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,039,240 ​ ​
Japan — 30.7% ​
Aeon Co., Ltd.
​ ​ ​ ​ 42,049 ​ ​ ​ ​ ​ 785,475 ​ ​
AGC, Inc.
​ ​ ​ ​ 7,078 ​ ​ ​ ​ ​ 222,147 ​ ​
Air Water, Inc.
​ ​ ​ ​ 11,513 ​ ​ ​ ​ ​ 128,813 ​ ​
Aisin Corp.
​ ​ ​ ​ 12,858 ​ ​ ​ ​ ​ 330,025 ​ ​
Ajinomoto Co., Inc.
​ ​ ​ ​ 6,328 ​ ​ ​ ​ ​ 174,383 ​ ​
Alfresa Holdings Corp.
​ ​ ​ ​ 25,477 ​ ​ ​ ​ ​ 293,276 ​ ​
ANA Holdings, Inc.*(a)
​ ​ ​ ​ 9,623 ​ ​ ​ ​ ​ 187,171 ​ ​
Asahi Group Holdings Ltd.
​ ​ ​ ​ 8,816 ​ ​ ​ ​ ​ 246,980 ​ ​
Asahi Kasei Corp.
​ ​ ​ ​ 42,939 ​ ​ ​ ​ ​ 275,744 ​ ​
Astellas Pharma, Inc.
​ ​ ​ ​ 15,246 ​ ​ ​ ​ ​ 209,917 ​ ​
Benesse Holdings, Inc.
​ ​ ​ ​ 8,799 ​ ​ ​ ​ ​ 129,882 ​ ​
Bridgestone Corp.
​ ​ ​ ​ 8,789 ​ ​ ​ ​ ​ 317,063 ​ ​
Brother Industries Ltd.
​ ​ ​ ​ 8,580 ​ ​ ​ ​ ​ 146,103 ​ ​
Canon, Inc.
​ ​ ​ ​ 22,772 ​ ​ ​ ​ ​ 483,217 ​ ​
Central Japan Railway Co.
​ ​ ​ ​ 1,455 ​ ​ ​ ​ ​ 169,008 ​ ​
Chubu Electric Power Co., Inc.
​ ​ ​ ​ 31,310 ​ ​ ​ ​ ​ 255,097 ​ ​
Chugai Pharmaceutical Co., Ltd.
​ ​ ​ ​ 6,051 ​ ​ ​ ​ ​ 140,451 ​ ​
Chugoku Electric Power Co., Inc. (The)
​ ​ ​ ​ 22,629 ​ ​ ​ ​ ​ 106,267 ​ ​
Cosmo Energy Holdings Co., Ltd.
​ ​ ​ ​ 13,348 ​ ​ ​ ​ ​ 343,500 ​ ​
CyberAgent, Inc.
​ ​ ​ ​ 14,691 ​ ​ ​ ​ ​ 120,979 ​ ​
Dai Nippon Printing Co., Ltd.
​ ​ ​ ​ 11,575 ​ ​ ​ ​ ​ 232,302 ​ ​
Dai-ichi Life Holdings, Inc.
​ ​ ​ ​ 20,298 ​ ​ ​ ​ ​ 321,947 ​ ​
Daiichi Sankyo Co., Ltd.
​ ​ ​ ​ 8,858 ​ ​ ​ ​ ​ 284,092 ​ ​
Daikin Industries Ltd.
​ ​ ​ ​ 1,997 ​ ​ ​ ​ ​ 300,756 ​ ​
Denso Corp.
​ ​ ​ ​ 9,538 ​ ​ ​ ​ ​ 474,221 ​ ​
Dentsu Group, Inc.
​ ​ ​ ​ 6,205 ​ ​ ​ ​ ​ 193,495 ​ ​
DIC Corp.
​ ​ ​ ​ 7,758 ​ ​ ​ ​ ​ 130,383 ​ ​
East Japan Railway Co.
​ ​ ​ ​ 5,766 ​ ​ ​ ​ ​ 311,896 ​ ​
ENEOS Holdings, Inc.
​ ​ ​ ​ 283,919 ​ ​ ​ ​ ​ 935,604 ​ ​
Fast Retailing Co., Ltd.
​ ​ ​ ​ 596 ​ ​ ​ ​ ​ 332,775 ​ ​
FUJIFILM Holdings Corp.
​ ​ ​ ​ 4,019 ​ ​ ​ ​ ​ 184,382 ​ ​
Fujitsu Ltd.
​ ​ ​ ​ 4,765 ​ ​ ​ ​ ​ 549,000 ​ ​
Hakuhodo DY Holdings, Inc.
​ ​ ​ ​ 17,279 ​ ​ ​ ​ ​ 146,012 ​ ​
Hankyu Hanshin Holdings, Inc.
​ ​ ​ ​ 5,377 ​ ​ ​ ​ ​ 159,716 ​ ​
Hino Motors Ltd.*
​ ​ ​ ​ 32,674 ​ ​ ​ ​ ​ 135,853 ​ ​
Hitachi Ltd.
​ ​ ​ ​ 24,438 ​ ​ ​ ​ ​ 1,111,453 ​ ​
Hitachi Transport System Ltd.
​ ​ ​ ​ 3,078 ​ ​ ​ ​ ​ 184,098 ​ ​
Honda Motor Co., Ltd.
​ ​ ​ ​ 39,873 ​ ​ ​ ​ ​ 904,845 ​ ​
Idemitsu Kosan Co., Ltd.
​ ​ ​ ​ 24,162 ​ ​ ​ ​ ​ 528,318 ​ ​
IHI Corp.
​ ​ ​ ​ 7,015 ​ ​ ​ ​ ​ 156,691 ​ ​
Inpex Corp.
​ ​ ​ ​ 15,590 ​ ​ ​ ​ ​ 159,220 ​ ​
Isuzu Motors Ltd.
​ ​ ​ ​ 18,206 ​ ​ ​ ​ ​ 213,619 ​ ​
ITOCHU Corp.
​ ​ ​ ​ 48,797 ​ ​ ​ ​ ​ 1,263,630 ​ ​
Japan Post Bank Co., Ltd.
​ ​ ​ ​ 19,516 ​ ​ ​ ​ ​ 129,989 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
Japan Post Holdings Co., Ltd.
​ ​ ​ ​ 242,368 ​ ​ ​ ​ $ 1,629,973 ​ ​
Japan Post Insurance Co., Ltd.
​ ​ ​ ​ 13,705 ​ ​ ​ ​ ​ 202,576 ​ ​
Japan Tobacco, Inc.
​ ​ ​ ​ 21,038 ​ ​ ​ ​ ​ 348,758 ​ ​
JFE Holdings, Inc.
​ ​ ​ ​ 35,558 ​ ​ ​ ​ ​ 326,071 ​ ​
JTEKT Corp.
​ ​ ​ ​ 22,932 ​ ​ ​ ​ ​ 161,998 ​ ​
Kajima Corp.
​ ​ ​ ​ 31,032 ​ ​ ​ ​ ​ 292,501 ​ ​
Kansai Electric Power Co., Inc. (The)
​ ​ ​ ​ 36,009 ​ ​ ​ ​ ​ 273,032 ​ ​
Kao Corp.
​ ​ ​ ​ 5,470 ​ ​ ​ ​ ​ 205,721 ​ ​
Kawasaki Heavy Industries Ltd.
​ ​ ​ ​ 14,224 ​ ​ ​ ​ ​ 241,732 ​ ​
Kawasaki Kisen Kaisha Ltd.
​ ​ ​ ​ 7,698 ​ ​ ​ ​ ​ 117,100 ​ ​
KDDI Corp.
​ ​ ​ ​ 27,081 ​ ​ ​ ​ ​ 800,760 ​ ​
Keyence Corp.
​ ​ ​ ​ 359 ​ ​ ​ ​ ​ 136,030 ​ ​
Kintetsu Group Holdings Co., Ltd.
​ ​ ​ ​ 5,517 ​ ​ ​ ​ ​ 186,702 ​ ​
Kirin Holdings Co., Ltd.
​ ​ ​ ​ 17,642 ​ ​ ​ ​ ​ 259,879 ​ ​
Kobe Steel Ltd.
​ ​ ​ ​ 54,050 ​ ​ ​ ​ ​ 221,822 ​ ​
Komatsu Ltd.
​ ​ ​ ​ 14,084 ​ ​ ​ ​ ​ 269,864 ​ ​
Konica Minolta, Inc.
​ ​ ​ ​ 41,443 ​ ​ ​ ​ ​ 126,307 ​ ​
Kubota Corp.
​ ​ ​ ​ 15,005 ​ ​ ​ ​ ​ 209,627 ​ ​
Kyocera Corp.
​ ​ ​ ​ 5,307 ​ ​ ​ ​ ​ 265,680 ​ ​
Kyushu Electric Power Co., Inc.
​ ​ ​ ​ 32,351 ​ ​ ​ ​ ​ 160,411 ​ ​
Lixil Corp.
​ ​ ​ ​ 9,613 ​ ​ ​ ​ ​ 145,584 ​ ​
Marubeni Corp.
​ ​ ​ ​ 85,382 ​ ​ ​ ​ ​ 748,496 ​ ​
Mazda Motor Corp.
​ ​ ​ ​ 38,835 ​ ​ ​ ​ ​ 262,061 ​ ​
Medipal Holdings Corp.
​ ​ ​ ​ 26,772 ​ ​ ​ ​ ​ 332,320 ​ ​
MEIJI Holdings Co., Ltd.
​ ​ ​ ​ 3,222 ​ ​ ​ ​ ​ 132,665 ​ ​
MINEBEA MITSUMI, Inc.
​ ​ ​ ​ 7,327 ​ ​ ​ ​ ​ 108,647 ​ ​
Mitsubishi Chemical Group Corp.
​ ​ ​ ​ 82,794 ​ ​ ​ ​ ​ 374,379 ​ ​
Mitsubishi Corp.
​ ​ ​ ​ 43,534 ​ ​ ​ ​ ​ 1,180,648 ​ ​
Mitsubishi Electric Corp.
​ ​ ​ ​ 57,068 ​ ​ ​ ​ ​ 502,971 ​ ​
Mitsubishi Heavy Industries Ltd.
​ ​ ​ ​ 12,746 ​ ​ ​ ​ ​ 439,059 ​ ​
Mitsubishi Materials Corp.
​ ​ ​ ​ 11,153 ​ ​ ​ ​ ​ 146,020 ​ ​
Mitsubishi Motors Corp.*
​ ​ ​ ​ 74,083 ​ ​ ​ ​ ​ 249,211 ​ ​
Mitsubishi UFJ Financial Group, Inc.
​ ​ ​ ​ 54,401 ​ ​ ​ ​ ​ 256,020 ​ ​
Mitsui & Co., Ltd.
​ ​ ​ ​ 56,031 ​ ​ ​ ​ ​ 1,241,364 ​ ​
Mitsui Chemicals, Inc.
​ ​ ​ ​ 9,868 ​ ​ ​ ​ ​ 182,907 ​ ​
Mitsui OSK Lines Ltd.
​ ​ ​ ​ 8,312 ​ ​ ​ ​ ​ 165,026 ​ ​
Mizuho Financial Group, Inc.
​ ​ ​ ​ 16,473 ​ ​ ​ ​ ​ 177,991 ​ ​
MS&AD Insurance Group Holdings,
Inc.
​ ​ ​ ​ 8,687 ​ ​ ​ ​ ​ 230,332 ​ ​
Murata Manufacturing Co., Ltd.
​ ​ ​ ​ 4,992 ​ ​ ​ ​ ​ 245,175 ​ ​
NEC Corp.
​ ​ ​ ​ 13,777 ​ ​ ​ ​ ​ 456,499 ​ ​
NH Foods Ltd.
​ ​ ​ ​ 5,409 ​ ​ ​ ​ ​ 129,007 ​ ​
Nidec Corp.
​ ​ ​ ​ 2,953 ​ ​ ​ ​ ​ 163,668 ​ ​
Nintendo Co., Ltd.
​ ​ ​ ​ 3,640 ​ ​ ​ ​ ​ 148,651 ​ ​
Nippon Paint Holdings Co., Ltd.
​ ​ ​ ​ 21,956 ​ ​ ​ ​ ​ 140,332 ​ ​
Nippon Paper Industries Co., Ltd.
​ ​ ​ ​ 21,208 ​ ​ ​ ​ ​ 123,565 ​ ​
Nippon Sanso Holdings Corp.
​ ​ ​ ​ 9,229 ​ ​ ​ ​ ​ 147,282 ​ ​
Nippon Steel Corp.
​ ​ ​ ​ 41,800 ​ ​ ​ ​ ​ 574,404 ​ ​
Nippon Telegraph & Telephone Corp.
​ ​ ​ ​ 66,455 ​ ​ ​ ​ ​ 1,830,435 ​ ​
Nippon Yusen K.K.
​ ​ ​ ​ 13,654 ​ ​ ​ ​ ​ 247,937 ​ ​
Nissan Motor Co., Ltd.
​ ​ ​ ​ 162,080 ​ ​ ​ ​ ​ 517,313 ​ ​
Nitto Denko Corp.
​ ​ ​ ​ 2,451 ​ ​ ​ ​ ​ 129,117 ​ ​
Nomura Research Institute Ltd.
​ ​ ​ ​ 4,849 ​ ​ ​ ​ ​ 107,821 ​ ​
NTT Data Corp.
​ ​ ​ ​ 25,543 ​ ​ ​ ​ ​ 370,682 ​ ​
Obayashi Corp.
​ ​ ​ ​ 47,357 ​ ​ ​ ​ ​ 304,275 ​ ​
Oji Holdings Corp.
​ ​ ​ ​ 49,949 ​ ​ ​ ​ ​ 173,403 ​ ​
Olympus Corp.
​ ​ ​ ​ 9,077 ​ ​ ​ ​ ​ 191,757 ​ ​
Omron Corp.
​ ​ ​ ​ 2,380 ​ ​ ​ ​ ​ 111,382 ​ ​
​
See notes to financial statements.
80
TABLE OF CONTENTS
Schedule of Investments — IQ 500 International ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
ORIX Corp.
​ ​ ​ ​ 9,749 ​ ​ ​ ​ $ 143,315 ​ ​
Osaka Gas Co., Ltd.
​ ​ ​ ​ 11,338 ​ ​ ​ ​ ​ 167,970 ​ ​
Otsuka Corp.
​ ​ ​ ​ 5,852 ​ ​ ​ ​ ​ 184,850 ​ ​
Otsuka Holdings Co., Ltd.
​ ​ ​ ​ 7,468 ​ ​ ​ ​ ​ 239,462 ​ ​
Outsourcing, Inc.
​ ​ ​ ​ 15,193 ​ ​ ​ ​ ​ 119,083 ​ ​
Pan Pacific International Holdings
Corp.
​ ​ ​ ​ 14,948 ​ ​ ​ ​ ​ 245,488 ​ ​
Panasonic Holdings Corp.
​ ​ ​ ​ 65,441 ​ ​ ​ ​ ​ 468,678 ​ ​
Persol Holdings Co., Ltd.
​ ​ ​ ​ 10,892 ​ ​ ​ ​ ​ 218,815 ​ ​
Rakuten Group, Inc.
​ ​ ​ ​ 51,130 ​ ​ ​ ​ ​ 229,102 ​ ​
Recruit Holdings Co., Ltd.
​ ​ ​ ​ 12,774 ​ ​ ​ ​ ​ 394,474 ​ ​
Renesas Electronics Corp.*
​ ​ ​ ​ 18,215 ​ ​ ​ ​ ​ 152,757 ​ ​
Ricoh Co., Ltd.
​ ​ ​ ​ 33,430 ​ ​ ​ ​ ​ 245,156 ​ ​
Secom Co., Ltd.
​ ​ ​ ​ 3,457 ​ ​ ​ ​ ​ 197,486 ​ ​
Seiko Epson Corp.
​ ​ ​ ​ 13,938 ​ ​ ​ ​ ​ 189,985 ​ ​
Sekisui Chemical Co., Ltd.
​ ​ ​ ​ 13,509 ​ ​ ​ ​ ​ 169,050 ​ ​
Sekisui House Ltd.
​ ​ ​ ​ 9,573 ​ ​ ​ ​ ​ 159,405 ​ ​
Seven & i Holdings Co., Ltd.
​ ​ ​ ​ 23,268 ​ ​ ​ ​ ​ 869,448 ​ ​
SG Holdings Co., Ltd.
​ ​ ​ ​ 15,302 ​ ​ ​ ​ ​ 203,018 ​ ​
Sharp Corp.(a)
​ ​ ​ ​ 25,198 ​ ​ ​ ​ ​ 151,051 ​ ​
Shimizu Corp.
​ ​ ​ ​ 46,815 ​ ​ ​ ​ ​ 234,020 ​ ​
Shin-Etsu Chemical Co., Ltd.
​ ​ ​ ​ 2,164 ​ ​ ​ ​ ​ 226,249 ​ ​
Ship Healthcare Holdings, Inc.
​ ​ ​ ​ 11,367 ​ ​ ​ ​ ​ 218,033 ​ ​
Shiseido Co., Ltd.
​ ​ ​ ​ 3,372 ​ ​ ​ ​ ​ 116,949 ​ ​
Showa Denko K.K.
​ ​ ​ ​ 11,828 ​ ​ ​ ​ ​ 172,842 ​ ​
SoftBank Corp.
​ ​ ​ ​ 72,527 ​ ​ ​ ​ ​ 715,096 ​ ​
SoftBank Group Corp.
​ ​ ​ ​ 64,198 ​ ​ ​ ​ ​ 2,764,270 ​ ​
Sojitz Corp.
​ ​ ​ ​ 17,933 ​ ​ ​ ​ ​ 264,709 ​ ​
Sompo Holdings, Inc.
​ ​ ​ ​ 5,766 ​ ​ ​ ​ ​ 240,245 ​ ​
Sony Group Corp.
​ ​ ​ ​ 10,054 ​ ​ ​ ​ ​ 675,610 ​ ​
Subaru Corp.
​ ​ ​ ​ 16,935 ​ ​ ​ ​ ​ 263,821 ​ ​
Sumitomo Chemical Co., Ltd.
​ ​ ​ ​ 88,241 ​ ​ ​ ​ ​ 297,432 ​ ​
Sumitomo Corp.
​ ​ ​ ​ 40,155 ​ ​ ​ ​ ​ 512,085 ​ ​
Sumitomo Electric Industries Ltd.
​ ​ ​ ​ 31,262 ​ ​ ​ ​ ​ 326,849 ​ ​
Sumitomo Forestry Co., Ltd.
​ ​ ​ ​ 13,295 ​ ​ ​ ​ ​ 208,412 ​ ​
Sumitomo Metal Mining Co., Ltd.
​ ​ ​ ​ 3,561 ​ ​ ​ ​ ​ 100,192 ​ ​
Sumitomo Mitsui Financial Group, Inc.
​ ​ ​ ​ 8,068 ​ ​ ​ ​ ​ 226,513 ​ ​
Suntory Beverage & Food Ltd.
​ ​ ​ ​ 5,241 ​ ​ ​ ​ ​ 175,599 ​ ​
Suzuken Co., Ltd.
​ ​ ​ ​ 10,995 ​ ​ ​ ​ ​ 244,851 ​ ​
Suzuki Motor Corp.
​ ​ ​ ​ 10,090 ​ ​ ​ ​ ​ 340,780 ​ ​
T&D Holdings, Inc.
​ ​ ​ ​ 12,554 ​ ​ ​ ​ ​ 123,906 ​ ​
Taisei Corp.
​ ​ ​ ​ 10,232 ​ ​ ​ ​ ​ 279,145 ​ ​
Takeda Pharmaceutical Co., Ltd.
​ ​ ​ ​ 18,464 ​ ​ ​ ​ ​ 486,709 ​ ​
TDK Corp.
​ ​ ​ ​ 8,469 ​ ​ ​ ​ ​ 265,235 ​ ​
Teijin Ltd.
​ ​ ​ ​ 15,011 ​ ​ ​ ​ ​ 136,340 ​ ​
Tohoku Electric Power Co., Inc.
​ ​ ​ ​ 44,319 ​ ​ ​ ​ ​ 186,358 ​ ​
Tokio Marine Holdings, Inc.
​ ​ ​ ​ 17,644 ​ ​ ​ ​ ​ 319,440 ​ ​
Tokyo Electric Power Co., Holdings,
Inc.*
​ ​ ​ ​ 188,976 ​ ​ ​ ​ ​ 616,634 ​ ​
Tokyo Electron Ltd.
​ ​ ​ ​ 714 ​ ​ ​ ​ ​ 189,699 ​ ​
Tokyo Gas Co., Ltd.
​ ​ ​ ​ 13,010 ​ ​ ​ ​ ​ 232,567 ​ ​
Tokyu Corp.
​ ​ ​ ​ 14,195 ​ ​ ​ ​ ​ 163,882 ​ ​
TOPPAN, Inc.
​ ​ ​ ​ 16,983 ​ ​ ​ ​ ​ 253,542 ​ ​
Toray Industries, Inc.
​ ​ ​ ​ 62,782 ​ ​ ​ ​ ​ 306,022 ​ ​
Toshiba Corp.
​ ​ ​ ​ 8,078 ​ ​ ​ ​ ​ 281,576 ​ ​
Tosoh Corp.
​ ​ ​ ​ 11,444 ​ ​ ​ ​ ​ 124,653 ​ ​
Toyota Boshoku Corp.
​ ​ ​ ​ 11,103 ​ ​ ​ ​ ​ 141,481 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
Toyota Industries Corp.
​ ​ ​ ​ 3,666 ​ ​ ​ ​ $ 188,930 ​ ​
Toyota Motor Corp.
​ ​ ​ ​ 133,883 ​ ​ ​ ​ ​ 1,855,095 ​ ​
Toyota Tsusho Corp.
​ ​ ​ ​ 25,400 ​ ​ ​ ​ ​ 854,442 ​ ​
Welcia Holdings Co., Ltd.
​ ​ ​ ​ 6,261 ​ ​ ​ ​ ​ 131,004 ​ ​
West Japan Railway Co.
​ ​ ​ ​ 4,736 ​ ​ ​ ​ ​ 188,025 ​ ​
Yamada Holdings Co., Ltd.
​ ​ ​ ​ 67,602 ​ ​ ​ ​ ​ 217,858 ​ ​
Yamaha Motor Co., Ltd.
​ ​ ​ ​ 8,714 ​ ​ ​ ​ ​ 179,984 ​ ​
Yamato Holdings Co., Ltd.
​ ​ ​ ​ 16,930 ​ ​ ​ ​ ​ 251,043 ​ ​
Yamazaki Baking Co., Ltd.
​ ​ ​ ​ 13,914 ​ ​ ​ ​ ​ 141,822 ​ ​
Z Holdings Corp.
​ ​ ​ ​ 75,305 ​ ​ ​ ​ ​ 194,855 ​ ​
Zensho Holdings Co., Ltd.
​ ​ ​ ​ 9,076 ​ ​ ​ ​ ​ 226,541 ​ ​
Total Japan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 55,444,683 ​ ​
Luxembourg — 0.6% ​
ArcelorMittal SA
​ ​ ​ ​ 36,524 ​ ​ ​ ​ ​ 817,809 ​ ​
Eurofins Scientific SE
​ ​ ​ ​ 3,142 ​ ​ ​ ​ ​ 201,167 ​ ​
Total Luxembourg
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,018,976 ​ ​
Netherlands — 3.3% ​
Aegon NV
​ ​ ​ ​ 40,033 ​ ​ ​ ​ ​ 185,369 ​ ​
Akzo Nobel NV
​ ​ ​ ​ 2,679 ​ ​ ​ ​ ​ 165,328 ​ ​
ASML Holding NV
​ ​ ​ ​ 706 ​ ​ ​ ​ ​ 333,536 ​ ​
Heineken NV
​ ​ ​ ​ 4,454 ​ ​ ​ ​ ​ 372,418 ​ ​
ING Groep NV
​ ​ ​ ​ 18,826 ​ ​ ​ ​ ​ 185,210 ​ ​
JDE Peet’s NV
​ ​ ​ ​ 5,713 ​ ​ ​ ​ ​ 163,633 ​ ​
Koninklijke Ahold Delhaize NV
​ ​ ​ ​ 38,212 ​ ​ ​ ​ ​ 1,066,910 ​ ​
Koninklijke DSM NV
​ ​ ​ ​ 1,276 ​ ​ ​ ​ ​ 150,453 ​ ​
Koninklijke Philips NV
​ ​ ​ ​ 11,786 ​ ​ ​ ​ ​ 149,312 ​ ​
NN Group NV
​ ​ ​ ​ 3,940 ​ ​ ​ ​ ​ 166,862 ​ ​
Randstad NV
​ ​ ​ ​ 8,958 ​ ​ ​ ​ ​ 446,576 ​ ​
Shell PLC
​ ​ ​ ​ 82,697 ​ ​ ​ ​ ​ 2,288,914 ​ ​
Universal Music Group NV
​ ​ ​ ​ 10,326 ​ ​ ​ ​ ​ 202,603 ​ ​
Wolters Kluwer NV
​ ​ ​ ​ 1,659 ​ ​ ​ ​ ​ 176,346 ​ ​
Total Netherlands
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,053,470 ​ ​
Norway — 1.0% ​
Equinor ASA
​ ​ ​ ​ 40,706 ​ ​ ​ ​ ​ 1,489,155 ​ ​
Norsk Hydro ASA
​ ​ ​ ​ 25,370 ​ ​ ​ ​ ​ 161,002 ​ ​
Telenor ASA
​ ​ ​ ​ 17,356 ​ ​ ​ ​ ​ 157,754 ​ ​
Total Norway
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,807,911 ​ ​
Portugal — 0.4% ​
EDP — Energias de Portugal SA
​ ​ ​ ​ 55,734 ​ ​ ​ ​ ​ 243,749 ​ ​
Galp Energia SGPS SA
​ ​ ​ ​ 20,900 ​ ​ ​ ​ ​ 212,245 ​ ​
Jeronimo Martins SGPS SA
​ ​ ​ ​ 15,003 ​ ​ ​ ​ ​ 311,095 ​ ​
Total Portugal
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 767,089 ​ ​
Singapore — 0.5% ​
Jardine Cycle & Carriage Ltd.
​ ​ ​ ​ 15,218 ​ ​ ​ ​ ​ 319,824 ​ ​
Oversea-Chinese Banking Corp., Ltd.
​ ​ ​ ​ 23,300 ​ ​ ​ ​ ​ 199,724 ​ ​
Singapore Telecommunications Ltd.
​ ​ ​ ​ 112,944 ​ ​ ​ ​ ​ 199,534 ​ ​
STMicroelectronics NV
​ ​ ​ ​ 6,174 ​ ​ ​ ​ ​ 192,825 ​ ​
Total Singapore
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 911,907 ​ ​
Spain — 3.1% ​
ACS Actividades de Construccion y Servicios SA
​ ​ ​ ​ 24,794 ​ ​ ​ ​ ​ 635,907 ​ ​
Banco Bilbao Vizcaya Argentaria SA
​ ​ ​ ​ 59,437 ​ ​ ​ ​ ​ 306,000 ​ ​
​
See notes to financial statements.
81​
TABLE OF CONTENTS
Schedule of Investments — IQ 500 International ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Spain (continued) ​
Banco Santander SA(a)
​ ​ ​ ​ 169,633 ​ ​ ​ ​ $ 439,595 ​ ​
Cia de Distribucion Integral Logista Holdings SA
​ ​ ​ ​ 14,688 ​ ​ ​ ​ ​ 303,983 ​ ​
Endesa SA
​ ​ ​ ​ 15,973 ​ ​ ​ ​ ​ 266,561 ​ ​
Ferrovial SA
​ ​ ​ ​ 6,969 ​ ​ ​ ​ ​ 170,197 ​ ​
Iberdrola SA
​ ​ ​ ​ 68,606 ​ ​ ​ ​ ​ 696,712 ​ ​
Industria de Diseno Textil SA(a)
​ ​ ​ ​ 24,203 ​ ​ ​ ​ ​ 548,747 ​ ​
Mapfre SA(a)
​ ​ ​ ​ 92,833 ​ ​ ​ ​ ​ 159,188 ​ ​
Naturgy Energy Group SA
​ ​ ​ ​ 13,013 ​ ​ ​ ​ ​ 333,881 ​ ​
Repsol SA
​ ​ ​ ​ 52,673 ​ ​ ​ ​ ​ 715,554 ​ ​
Sacyr SA
​ ​ ​ ​ 68,418 ​ ​ ​ ​ ​ 167,835 ​ ​
Siemens Gamesa Renewable Energy
SA*
​ ​ ​ ​ 9,862 ​ ​ ​ ​ ​ 175,058 ​ ​
Telefonica SA
​ ​ ​ ​ 181,956 ​ ​ ​ ​ ​ 626,728 ​ ​
Total Spain
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,545,946 ​ ​
Sweden — 1.7% ​
Alleima AB*
​ ​ ​ ​ 1,738 ​ ​ ​ ​ ​ 5,917 ​ ​
Assa Abloy AB, B Shares
​ ​ ​ ​ 6,731 ​ ​ ​ ​ ​ 135,833 ​ ​
Atlas Copco AB, A Shares
​ ​ ​ ​ 15,938 ​ ​ ​ ​ ​ 170,249 ​ ​
Electrolux AB, B Shares(a)
​ ​ ​ ​ 11,458 ​ ​ ​ ​ ​ 141,285 ​ ​
Essity AB, B Shares
​ ​ ​ ​ 10,709 ​ ​ ​ ​ ​ 226,188 ​ ​
H & M Hennes & Mauritz AB, B Shares(a)
​ ​ ​ ​ 22,595 ​ ​ ​ ​ ​ 227,372 ​ ​
Investor AB, B Shares
​ ​ ​ ​ 12,290 ​ ​ ​ ​ ​ 200,591 ​ ​
Sandvik AB
​ ​ ​ ​ 8,717 ​ ​ ​ ​ ​ 136,153 ​ ​
Securitas AB, B Shares(a)
​ ​ ​ ​ 39,829 ​ ​ ​ ​ ​ 325,611 ​ ​
Skanska AB, B Shares
​ ​ ​ ​ 15,619 ​ ​ ​ ​ ​ 242,827 ​ ​
SKF AB, B Shares
​ ​ ​ ​ 10,264 ​ ​ ​ ​ ​ 148,427 ​ ​
SSAB AB, A Shares
​ ​ ​ ​ 24,464 ​ ​ ​ ​ ​ 117,644 ​ ​
Telefonaktiebolaget LM Ericsson,
B Shares
​ ​ ​ ​ 61,217 ​ ​ ​ ​ ​ 340,142 ​ ​
Telia Co. AB(a)
​ ​ ​ ​ 50,558 ​ ​ ​ ​ ​ 133,825 ​ ​
Volvo AB, B Shares
​ ​ ​ ​ 33,278 ​ ​ ​ ​ ​ 544,472 ​ ​
Total Sweden
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,096,536 ​ ​
Switzerland — 2.5% ​
ABB Ltd.
​ ​ ​ ​ 11,861 ​ ​ ​ ​ ​ 329,963 ​ ​
Accelleron Industries AG*
​ ​ ​ ​ 591 ​ ​ ​ ​ ​ 10,028 ​ ​
Adecco Group AG
​ ​ ​ ​ 10,557 ​ ​ ​ ​ ​ 330,608 ​ ​
Alcon, Inc.
​ ​ ​ ​ 2,327 ​ ​ ​ ​ ​ 141,701 ​ ​
Cie Financiere Richemont SA, Class A
​ ​ ​ ​ 1,900 ​ ​ ​ ​ ​ 185,946 ​ ​
Credit Suisse Group AG(a)
​ ​ ​ ​ 28,684 ​ ​ ​ ​ ​ 118,376 ​ ​
Holcim AG*
​ ​ ​ ​ 10,434 ​ ​ ​ ​ ​ 474,183 ​ ​
Kuehne + Nagel International AG
​ ​ ​ ​ 2,630 ​ ​ ​ ​ ​ 560,821 ​ ​
Novartis AG
​ ​ ​ ​ 13,560 ​ ​ ​ ​ ​ 1,096,182 ​ ​
Schindler Holding AG — Participating Certificate
​ ​ ​ ​ 892 ​ ​ ​ ​ ​ 145,510 ​ ​
Sika AG
​ ​ ​ ​ 662 ​ ​ ​ ​ ​ 149,368 ​ ​
Swiss Life Holding AG
​ ​ ​ ​ 305 ​ ​ ​ ​ ​ 147,784 ​ ​
Swisscom AG
​ ​ ​ ​ 402 ​ ​ ​ ​ ​ 198,560 ​ ​
UBS Group AG
​ ​ ​ ​ 14,208 ​ ​ ​ ​ ​ 225,596 ​ ​
Zurich Insurance Group AG
​ ​ ​ ​ 961 ​ ​ ​ ​ ​ 410,327 ​ ​
Total Switzerland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,524,953 ​ ​
United Kingdom — 8.4% ​
Associated British Foods PLC
​ ​ ​ ​ 13,247 ​ ​ ​ ​ ​ 205,824 ​ ​
AstraZeneca PLC
​ ​ ​ ​ 5,066 ​ ​ ​ ​ ​ 598,086 ​ ​
Aviva PLC
​ ​ ​ ​ 41,290 ​ ​ ​ ​ ​ 198,761 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United Kingdom (continued) ​
Babcock International Group PLC*
​ ​ ​ ​ 34,901 ​ ​ ​ ​ $ 110,745 ​ ​
BAE Systems PLC
​ ​ ​ ​ 52,154 ​ ​ ​ ​ ​ 489,024 ​ ​
Barclays PLC
​ ​ ​ ​ 112,371 ​ ​ ​ ​ ​ 191,169 ​ ​
BP PLC
​ ​ ​ ​ 289,232 ​ ​ ​ ​ ​ 1,597,761 ​ ​
British American Tobacco PLC
​ ​ ​ ​ 15,469 ​ ​ ​ ​ ​ 611,511 ​ ​
BT Group PLC
​ ​ ​ ​ 206,267 ​ ​ ​ ​ ​ 308,255 ​ ​
Bunzl PLC
​ ​ ​ ​ 6,961 ​ ​ ​ ​ ​ 227,692 ​ ​
Centrica PLC
​ ​ ​ ​ 267,209 ​ ​ ​ ​ ​ 235,721 ​ ​
CK Hutchison Holdings Ltd.
​ ​ ​ ​ 82,680 ​ ​ ​ ​ ​ 410,775 ​ ​
Compass Group PLC
​ ​ ​ ​ 30,742 ​ ​ ​ ​ ​ 650,022 ​ ​
Computacenter PLC
​ ​ ​ ​ 5,720 ​ ​ ​ ​ ​ 119,201 ​ ​
Currys PLC
​ ​ ​ ​ 175,688 ​ ​ ​ ​ ​ 131,885 ​ ​
DCC PLC
​ ​ ​ ​ 3,617 ​ ​ ​ ​ ​ 201,558 ​ ​
Diageo PLC
​ ​ ​ ​ 6,635 ​ ​ ​ ​ ​ 274,857 ​ ​
DS Smith PLC
​ ​ ​ ​ 43,118 ​ ​ ​ ​ ​ 144,066 ​ ​
Entain PLC
​ ​ ​ ​ 8,962 ​ ​ ​ ​ ​ 130,321 ​ ​
Experian PLC
​ ​ ​ ​ 4,614 ​ ​ ​ ​ ​ 147,363 ​ ​
Haleon PLC*
​ ​ ​ ​ 47,069 ​ ​ ​ ​ ​ 145,236 ​ ​
Hays PLC
​ ​ ​ ​ 124,634 ​ ​ ​ ​ ​ 157,703 ​ ​
HSBC Holdings PLC
​ ​ ​ ​ 64,079 ​ ​ ​ ​ ​ 330,004 ​ ​
Imperial Brands PLC
​ ​ ​ ​ 17,379 ​ ​ ​ ​ ​ 424,996 ​ ​
Inchcape PLC
​ ​ ​ ​ 18,603 ​ ​ ​ ​ ​ 159,353 ​ ​
International Distributions Services PLC
​ ​ ​ ​ 77,969 ​ ​ ​ ​ ​ 181,603 ​ ​
ITV PLC
​ ​ ​ ​ 176,687 ​ ​ ​ ​ ​ 136,296 ​ ​
J Sainsbury PLC
​ ​ ​ ​ 153,909 ​ ​ ​ ​ ​ 344,481 ​ ​
JD Sports Fashion PLC
​ ​ ​ ​ 88,012 ​ ​ ​ ​ ​ 98,738 ​ ​
John Wood Group PLC*
​ ​ ​ ​ 77,318 ​ ​ ​ ​ ​ 124,538 ​ ​
Johnson Matthey PLC(a)
​ ​ ​ ​ 16,348 ​ ​ ​ ​ ​ 364,115 ​ ​
Kingfisher PLC
​ ​ ​ ​ 80,504 ​ ​ ​ ​ ​ 202,894 ​ ​
Legal & General Group PLC
​ ​ ​ ​ 115,506 ​ ​ ​ ​ ​ 309,727 ​ ​
Lloyds Banking Group PLC
​ ​ ​ ​ 646,165 ​ ​ ​ ​ ​ 312,611 ​ ​
M&G PLC
​ ​ ​ ​ 68,558 ​ ​ ​ ​ ​ 138,292 ​ ​
Marks & Spencer Group PLC*
​ ​ ​ ​ 99,981 ​ ​ ​ ​ ​ 121,444 ​ ​
National Grid PLC
​ ​ ​ ​ 20,920 ​ ​ ​ ​ ​ 228,433 ​ ​
NatWest Group PLC
​ ​ ​ ​ 53,166 ​ ​ ​ ​ ​ 143,727 ​ ​
Pearson PLC
​ ​ ​ ​ 17,813 ​ ​ ​ ​ ​ 196,967 ​ ​
Phoenix Group Holdings PLC
​ ​ ​ ​ 29,777 ​ ​ ​ ​ ​ 185,954 ​ ​
Reckitt Benckiser Group PLC
​ ​ ​ ​ 4,505 ​ ​ ​ ​ ​ 299,797 ​ ​
RELX PLC
​ ​ ​ ​ 8,796 ​ ​ ​ ​ ​ 237,078 ​ ​
Rolls-Royce Holdings PLC*
​ ​ ​ ​ 195,764 ​ ​ ​ ​ ​ 176,144 ​ ​
SSE PLC
​ ​ ​ ​ 7,868 ​ ​ ​ ​ ​ 140,955 ​ ​
St James’s Place PLC
​ ​ ​ ​ 12,260 ​ ​ ​ ​ ​ 150,330 ​ ​
Standard Chartered PLC
​ ​ ​ ​ 26,117 ​ ​ ​ ​ ​ 156,422 ​ ​
Tesco PLC
​ ​ ​ ​ 287,344 ​ ​ ​ ​ ​ 711,619 ​ ​
Unilever PLC
​ ​ ​ ​ 24,605 ​ ​ ​ ​ ​ 1,125,929 ​ ​
Vodafone Group PLC
​ ​ ​ ​ 502,724 ​ ​ ​ ​ ​ 588,301 ​ ​
WPP PLC
​ ​ ​ ​ 29,724 ​ ​ ​ ​ ​ 262,145 ​ ​
Total United Kingdom
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 15,140,429 ​ ​
United States — 3.6% ​
CSL Ltd.
​ ​ ​ ​ 1,160 ​ ​ ​ ​ ​ 208,050 ​ ​
Ferguson PLC
​ ​ ​ ​ 3,052 ​ ​ ​ ​ ​ 334,172 ​ ​
GSK PLC
​ ​ ​ ​ 37,656 ​ ​ ​ ​ ​ 619,456 ​ ​
Nestle SA
​ ​ ​ ​ 17,290 ​ ​ ​ ​ ​ 1,883,889 ​ ​
Roche Holding AG
​ ​ ​ ​ 4,603 ​ ​ ​ ​ ​ 1,529,580 ​ ​
Schneider Electric SE
​ ​ ​ ​ 3,211 ​ ​ ​ ​ ​ 407,044 ​ ​
Stellantis NV*
​ ​ ​ ​ 85,279 ​ ​ ​ ​ ​ 1,151,337 ​ ​
Swiss Re AG
​ ​ ​ ​ 3,383 ​ ​ ​ ​ ​ 251,507 ​ ​
​
See notes to financial statements.
82
TABLE OF CONTENTS
Schedule of Investments — IQ 500 International ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​ ​ ​
Common Stocks (continued) ​ ​ ​
United States (continued) ​ ​ ​
Waste Connections, Inc.
​ ​ ​ ​ 1,301 ​ ​ ​ ​ $ 171,499 ​ ​ ​ ​
Total United States
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 6,556,534 ​ ​ ​ ​
Total Common Stocks
(Cost $208,942,184)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 177,721,572 ​ ​ ​ ​
Preferred Stocks — 1.2% ​ ​ ​
Germany — 1.2% ​ ​ ​
Henkel AG & Co. KGaA, 2.96%
​ ​ ​ ​ 5,989 ​ ​ ​ ​ ​ 377,527 ​ ​ ​ ​
Schaeffler AG, 9.62%(a)
​ ​ ​ ​ 38,357 ​ ​ ​ ​ ​ 197,322 ​ ​ ​ ​
Volkswagen AG, 5.79%
​ ​ ​ ​ 13,149 ​ ​ ​ ​ ​ 1,680,874 ​ ​ ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,255,723 ​ ​ ​ ​
Total Preferred Stocks
(Cost $3,307,754)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,255,723 ​ ​ ​ ​
Short-Term Investment — 1.9% ​ ​ ​ ​ ​ ​ ​
Money Market Fund — 1.9% ​ ​ ​ ​ ​ ​ ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(b)(c)
(Cost $3,488,171)
​ ​ ​ ​ 3,488,171 ​ ​ ​ ​
​
3,488,171
 ​ ​ ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Total Investments — 101.4% ​ ​ ​
(Cost $215,738,109)
 ​ ​ ​ ​ ​ ​ $ 183,465,466 ​ ​
Other Assets and Liabilities,
Net — (1.4)%
 ​ ​ ​ ​ ​ ​ ​ (2,585,290) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ $ 180,880,176 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $4,703,890; total market value of collateral held by the Fund was $5,028,522. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of  $1,540,351.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(d) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 177,721,572 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 177,721,572 ​ ​
Preferred Stocks
​ ​ ​ ​ 2,255,723 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,255,723 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 3,488,171 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,488,171 ​ ​
Total Investments in Securities
​ ​ ​ $ 183,465,466 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 183,465,466 ​ ​
​
(d)
For a complete listing of investments and their countries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
83​
TABLE OF CONTENTS​
Schedule of Investments — IQ Candriam ESG U.S. Large Cap Equity ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.7% ​
Communication Services — 7.9% ​
Activision Blizzard, Inc.
​ ​ ​ ​ 11,020 ​ ​ ​ ​ $ 802,256 ​ ​
Alphabet, Inc., Class A*
​ ​ ​ ​ 93,309 ​ ​ ​ ​ ​ 8,818,633 ​ ​
Alphabet, Inc., Class C*
​ ​ ​ ​ 83,365 ​ ​ ​ ​ ​ 7,891,331 ​ ​
AT&T, Inc.
​ ​ ​ ​ 110,828 ​ ​ ​ ​ ​ 2,020,394 ​ ​
Comcast Corp., Class A
​ ​ ​ ​ 70,011 ​ ​ ​ ​ ​ 2,222,149 ​ ​
Electronic Arts, Inc.
​ ​ ​ ​ 4,306 ​ ​ ​ ​ ​ 542,384 ​ ​
IAC, Inc.*
​ ​ ​ ​ 1,179 ​ ​ ​ ​ ​ 57,394 ​ ​
Live Nation Entertainment, Inc.*
​ ​ ​ ​ 2,432 ​ ​ ​ ​ ​ 193,611 ​ ​
Omnicom Group, Inc.
​ ​ ​ ​ 3,309 ​ ​ ​ ​ ​ 240,730 ​ ​
Pinterest, Inc., Class A*
​ ​ ​ ​ 8,866 ​ ​ ​ ​ ​ 218,104 ​ ​
ROBLOX Corp., Class A*
​ ​ ​ ​ 4,623 ​ ​ ​ ​ ​ 206,833 ​ ​
Roku, Inc.*
​ ​ ​ ​ 1,922 ​ ​ ​ ​ ​ 106,748 ​ ​
Snap, Inc., Class A*
​ ​ ​ ​ 15,818 ​ ​ ​ ​ ​ 156,756 ​ ​
Take-Two Interactive Software, Inc.*
​ ​ ​ ​ 2,470 ​ ​ ​ ​ ​ 292,646 ​ ​
Verizon Communications, Inc.
​ ​ ​ ​ 65,300 ​ ​ ​ ​ ​ 2,440,261 ​ ​
Walt Disney Co. (The)*
​ ​ ​ ​ 28,694 ​ ​ ​ ​ ​ 3,057,059 ​ ​
Warner Music Group Corp., Class A
​ ​ ​ ​ 1,898 ​ ​ ​ ​ ​ 49,386 ​ ​
ZoomInfo Technologies, Inc.*
​ ​ ​ ​ 4,296 ​ ​ ​ ​ ​ 191,301 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 29,507,976 ​ ​
Consumer Discretionary — 14.1% ​
Advance Auto Parts, Inc.
​ ​ ​ ​ 985 ​ ​ ​ ​ ​ 187,071 ​ ​
Amazon.com, Inc.*
​ ​ ​ ​ 139,759 ​ ​ ​ ​ ​ 14,316,912 ​ ​
Aptiv PLC*
​ ​ ​ ​ 4,228 ​ ​ ​ ​ ​ 385,044 ​ ​
AutoZone, Inc.*
​ ​ ​ ​ 305 ​ ​ ​ ​ ​ 772,528 ​ ​
Best Buy Co., Inc.
​ ​ ​ ​ 3,231 ​ ​ ​ ​ ​ 221,033 ​ ​
Booking Holdings, Inc.*
​ ​ ​ ​ 639 ​ ​ ​ ​ ​ 1,194,598 ​ ​
Burlington Stores, Inc.*
​ ​ ​ ​ 1,064 ​ ​ ​ ​ ​ 152,109 ​ ​
CarMax, Inc.*(a)
​ ​ ​ ​ 2,590 ​ ​ ​ ​ ​ 163,196 ​ ​
Chipotle Mexican Grill, Inc.*
​ ​ ​ ​ 418 ​ ​ ​ ​ ​ 626,302 ​ ​
Coupang, Inc.*
​ ​ ​ ​ 12,963 ​ ​ ​ ​ ​ 223,871 ​ ​
Dollar General Corp.
​ ​ ​ ​ 3,556 ​ ​ ​ ​ ​ 906,958 ​ ​
Dollar Tree, Inc.*
​ ​ ​ ​ 3,304 ​ ​ ​ ​ ​ 523,684 ​ ​
Domino’s Pizza, Inc.
​ ​ ​ ​ 575 ​ ​ ​ ​ ​ 191,038 ​ ​
DoorDash, Inc., Class A*
​ ​ ​ ​ 3,715 ​ ​ ​ ​ ​ 161,714 ​ ​
eBay, Inc.
​ ​ ​ ​ 8,776 ​ ​ ​ ​ ​ 349,636 ​ ​
Etsy, Inc.*
​ ​ ​ ​ 2,045 ​ ​ ​ ​ ​ 192,046 ​ ​
Ford Motor Co.
​ ​ ​ ​ 61,916 ​ ​ ​ ​ ​ 827,817 ​ ​
Genuine Parts Co.
​ ​ ​ ​ 2,177 ​ ​ ​ ​ ​ 387,201 ​ ​
Hasbro, Inc.
​ ​ ​ ​ 2,106 ​ ​ ​ ​ ​ 137,416 ​ ​
Hilton Worldwide Holdings, Inc.
​ ​ ​ ​ 4,296 ​ ​ ​ ​ ​ 581,077 ​ ​
Home Depot, Inc. (The)
​ ​ ​ ​ 16,179 ​ ​ ​ ​ ​ 4,791,087 ​ ​
LKQ Corp.
​ ​ ​ ​ 3,947 ​ ​ ​ ​ ​ 219,611 ​ ​
Lowe’s Cos., Inc.
​ ​ ​ ​ 10,028 ​ ​ ​ ​ ​ 1,954,959 ​ ​
Lululemon Athletica, Inc.*
​ ​ ​ ​ 1,842 ​ ​ ​ ​ ​ 606,092 ​ ​
Marriott International, Inc., Class A
​ ​ ​ ​ 4,519 ​ ​ ​ ​ ​ 723,537 ​ ​
McDonald’s Corp.
​ ​ ​ ​ 11,655 ​ ​ ​ ​ ​ 3,177,852 ​ ​
MercadoLibre, Inc.*
​ ​ ​ ​ 758 ​ ​ ​ ​ ​ 683,428 ​ ​
Newell Brands, Inc.
​ ​ ​ ​ 6,170 ​ ​ ​ ​ ​ 85,208 ​ ​
NIKE, Inc., Class B
​ ​ ​ ​ 19,749 ​ ​ ​ ​ ​ 1,830,337 ​ ​
NVR, Inc.*
​ ​ ​ ​ 49 ​ ​ ​ ​ ​ 207,650 ​ ​
Ross Stores, Inc.
​ ​ ​ ​ 5,392 ​ ​ ​ ​ ​ 515,960 ​ ​
Royal Caribbean Cruises Ltd.*
​ ​ ​ ​ 3,496 ​ ​ ​ ​ ​ 186,616 ​ ​
Starbucks Corp.
​ ​ ​ ​ 17,701 ​ ​ ​ ​ ​ 1,532,730 ​ ​
Target Corp.
​ ​ ​ ​ 7,289 ​ ​ ​ ​ ​ 1,197,218 ​ ​
Tesla, Inc.*
​ ​ ​ ​ 40,499 ​ ​ ​ ​ ​ 9,215,142 ​ ​
TJX Cos., Inc. (The)
​ ​ ​ ​ 17,230 ​ ​ ​ ​ ​ 1,242,283 ​ ​
Tractor Supply Co.
​ ​ ​ ​ 1,752 ​ ​ ​ ​ ​ 385,037 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Consumer Discretionary (continued) ​
Ulta Beauty, Inc.*
​ ​ ​ ​ 797 ​ ​ ​ ​ $ 334,238 ​ ​
Vail Resorts, Inc.
​ ​ ​ ​ 650 ​ ​ ​ ​ ​ 142,435 ​ ​
VF Corp.
​ ​ ​ ​ 5,654 ​ ​ ​ ​ ​ 159,726 ​ ​
Whirlpool Corp.
​ ​ ​ ​ 940 ​ ​ ​ ​ ​ 129,946 ​ ​
Yum China Holdings, Inc.
​ ​ ​ ​ 6,335 ​ ​ ​ ​ ​ 261,952 ​ ​
Yum! Brands, Inc.
​ ​ ​ ​ 4,477 ​ ​ ​ ​ ​ 529,405 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 52,613,700 ​ ​
Consumer Staples — 8.0% ​
Archer-Daniels-Midland Co.
​ ​ ​ ​ 8,788 ​ ​ ​ ​ ​ 852,260 ​ ​
Campbell Soup Co.
​ ​ ​ ​ 3,269 ​ ​ ​ ​ ​ 172,963 ​ ​
Church & Dwight Co., Inc.
​ ​ ​ ​ 3,808 ​ ​ ​ ​ ​ 282,287 ​ ​
Clorox Co. (The)
​ ​ ​ ​ 1,981 ​ ​ ​ ​ ​ 289,305 ​ ​
Coca-Cola Co. (The)
​ ​ ​ ​ 61,216 ​ ​ ​ ​ ​ 3,663,778 ​ ​
Colgate-Palmolive Co.
​ ​ ​ ​ 13,142 ​ ​ ​ ​ ​ 970,405 ​ ​
Conagra Brands, Inc.
​ ​ ​ ​ 7,611 ​ ​ ​ ​ ​ 279,324 ​ ​
Costco Wholesale Corp.
​ ​ ​ ​ 6,960 ​ ​ ​ ​ ​ 3,490,440 ​ ​
Estee Lauder Cos., Inc. (The), Class A
​ ​ ​ ​ 3,349 ​ ​ ​ ​ ​ 671,441 ​ ​
General Mills, Inc.
​ ​ ​ ​ 9,356 ​ ​ ​ ​ ​ 763,263 ​ ​
Hershey Co. (The)
​ ​ ​ ​ 2,278 ​ ​ ​ ​ ​ 543,918 ​ ​
Hormel Foods Corp.
​ ​ ​ ​ 4,595 ​ ​ ​ ​ ​ 213,438 ​ ​
J M Smucker Co. (The)
​ ​ ​ ​ 1,581 ​ ​ ​ ​ ​ 238,193 ​ ​
Kellogg Co.
​ ​ ​ ​ 4,028 ​ ​ ​ ​ ​ 309,431 ​ ​
Keurig Dr Pepper, Inc.
​ ​ ​ ​ 13,473 ​ ​ ​ ​ ​ 523,291 ​ ​
Kimberly-Clark Corp.
​ ​ ​ ​ 5,288 ​ ​ ​ ​ ​ 658,144 ​ ​
Kraft Heinz Co. (The)
​ ​ ​ ​ 12,220 ​ ​ ​ ​ ​ 470,103 ​ ​
Kroger Co. (The)
​ ​ ​ ​ 10,241 ​ ​ ​ ​ ​ 484,297 ​ ​
McCormick & Co., Inc.
​ ​ ​ ​ 4,011 ​ ​ ​ ​ ​ 315,425 ​ ​
Mondelez International, Inc., Class A
​ ​ ​ ​ 21,722 ​ ​ ​ ​ ​ 1,335,469 ​ ​
PepsiCo, Inc.
​ ​ ​ ​ 21,743 ​ ​ ​ ​ ​ 3,948,094 ​ ​
Procter & Gamble Co. (The)
​ ​ ​ ​ 37,786 ​ ​ ​ ​ ​ 5,088,641 ​ ​
Sysco Corp.
​ ​ ​ ​ 7,924 ​ ​ ​ ​ ​ 685,901 ​ ​
Walgreens Boots Alliance, Inc.
​ ​ ​ ​ 11,210 ​ ​ ​ ​ ​ 409,165 ​ ​
Walmart, Inc.
​ ​ ​ ​ 22,484 ​ ​ ​ ​ ​ 3,200,148 ​ ​
Total Consumer Staples
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 29,859,124 ​ ​
Energy — 3.8% ​
Baker Hughes Co.
​ ​ ​ ​ 15,384 ​ ​ ​ ​ ​ 425,521 ​ ​
Cheniere Energy, Inc.
​ ​ ​ ​ 3,584 ​ ​ ​ ​ ​ 632,253 ​ ​
Exxon Mobil Corp.
​ ​ ​ ​ 66,204 ​ ​ ​ ​ ​ 7,336,065 ​ ​
Halliburton Co.
​ ​ ​ ​ 13,061 ​ ​ ​ ​ ​ 475,682 ​ ​
Kinder Morgan, Inc.
​ ​ ​ ​ 31,188 ​ ​ ​ ​ ​ 565,127 ​ ​
Marathon Petroleum Corp.
​ ​ ​ ​ 8,467 ​ ​ ​ ​ ​ 962,021 ​ ​
ONEOK, Inc.
​ ​ ​ ​ 6,970 ​ ​ ​ ​ ​ 413,460 ​ ​
Phillips 66
​ ​ ​ ​ 7,539 ​ ​ ​ ​ ​ 786,242 ​ ​
Schlumberger NV
​ ​ ​ ​ 22,165 ​ ​ ​ ​ ​ 1,153,245 ​ ​
Valero Energy Corp.
​ ​ ​ ​ 6,390 ​ ​ ​ ​ ​ 802,265 ​ ​
Williams Cos., Inc. (The)
​ ​ ​ ​ 19,080 ​ ​ ​ ​ ​ 624,488 ​ ​
Total Energy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 14,176,369 ​ ​
Financials — 8.7% ​
Allstate Corp. (The)
​ ​ ​ ​ 4,235 ​ ​ ​ ​ ​ 534,669 ​ ​
Ally Financial, Inc.
​ ​ ​ ​ 4,881 ​ ​ ​ ​ ​ 134,520 ​ ​
American Express Co.
​ ​ ​ ​ 8,715 ​ ​ ​ ​ ​ 1,293,742 ​ ​
American International Group, Inc.
​ ​ ​ ​ 12,424 ​ ​ ​ ​ ​ 708,168 ​ ​
Ameriprise Financial, Inc.
​ ​ ​ ​ 1,720 ​ ​ ​ ​ ​ 531,686 ​ ​
Annaly Capital Management, Inc.
​ ​ ​ ​ 6,188 ​ ​ ​ ​ ​ 114,787 ​ ​
Arch Capital Group Ltd.*
​ ​ ​ ​ 5,700 ​ ​ ​ ​ ​ 327,750 ​ ​
​
See notes to financial statements.
84
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG U.S. Large Cap Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Financials (continued) ​
Arthur J Gallagher & Co.
​ ​ ​ ​ 3,265 ​ ​ ​ ​ $ 610,816 ​ ​
Bank of America Corp.
​ ​ ​ ​ 110,601 ​ ​ ​ ​ ​ 3,986,060 ​ ​
Bank of New York Mellon Corp. (The)
​ ​ ​ ​ 11,448 ​ ​ ​ ​ ​ 482,075 ​ ​
Blackstone, Inc.
​ ​ ​ ​ 10,899 ​ ​ ​ ​ ​ 993,335 ​ ​
Capital One Financial Corp.
​ ​ ​ ​ 6,094 ​ ​ ​ ​ ​ 646,086 ​ ​
Cboe Global Markets, Inc.
​ ​ ​ ​ 1,702 ​ ​ ​ ​ ​ 211,899 ​ ​
Chubb Ltd.
​ ​ ​ ​ 6,210 ​ ​ ​ ​ ​ 1,334,467 ​ ​
Cincinnati Financial Corp.
​ ​ ​ ​ 2,497 ​ ​ ​ ​ ​ 257,990 ​ ​
Citigroup, Inc.
​ ​ ​ ​ 30,555 ​ ​ ​ ​ ​ 1,401,252 ​ ​
Citizens Financial Group, Inc.
​ ​ ​ ​ 7,733 ​ ​ ​ ​ ​ 316,280 ​ ​
CME Group, Inc.
​ ​ ​ ​ 5,611 ​ ​ ​ ​ ​ 972,386 ​ ​
Discover Financial Services
​ ​ ​ ​ 4,360 ​ ​ ​ ​ ​ 455,446 ​ ​
Everest Re Group Ltd.
​ ​ ​ ​ 610 ​ ​ ​ ​ ​ 196,823 ​ ​
Fifth Third Bancorp
​ ​ ​ ​ 10,972 ​ ​ ​ ​ ​ 391,591 ​ ​
First Republic Bank
​ ​ ​ ​ 2,805 ​ ​ ​ ​ ​ 336,881 ​ ​
Franklin Resources, Inc.(a)
​ ​ ​ ​ 4,723 ​ ​ ​ ​ ​ 110,754 ​ ​
Hartford Financial Services Group, Inc. (The)
​ ​ ​ ​ 5,146 ​ ​ ​ ​ ​ 372,622 ​ ​
Huntington Bancshares, Inc.
​ ​ ​ ​ 22,235 ​ ​ ​ ​ ​ 337,527 ​ ​
Intercontinental Exchange, Inc.
​ ​ ​ ​ 8,687 ​ ​ ​ ​ ​ 830,217 ​ ​
KeyCorp
​ ​ ​ ​ 14,857 ​ ​ ​ ​ ​ 265,495 ​ ​
Markel Corp.*
​ ​ ​ ​ 201 ​ ​ ​ ​ ​ 242,426 ​ ​
Marsh & McLennan Cos., Inc.
​ ​ ​ ​ 7,900 ​ ​ ​ ​ ​ 1,275,771 ​ ​
MetLife, Inc.
​ ​ ​ ​ 9,628 ​ ​ ​ ​ ​ 704,866 ​ ​
Moody’s Corp.
​ ​ ​ ​ 2,493 ​ ​ ​ ​ ​ 660,321 ​ ​
Morgan Stanley
​ ​ ​ ​ 21,384 ​ ​ ​ ​ ​ 1,757,123 ​ ​
Nasdaq, Inc.
​ ​ ​ ​ 5,517 ​ ​ ​ ​ ​ 343,378 ​ ​
Northern Trust Corp.
​ ​ ​ ​ 3,224 ​ ​ ​ ​ ​ 271,944 ​ ​
PNC Financial Services Group, Inc.
(The)
​ ​ ​ ​ 6,455 ​ ​ ​ ​ ​ 1,044,613 ​ ​
Principal Financial Group, Inc.
​ ​ ​ ​ 4,065 ​ ​ ​ ​ ​ 358,249 ​ ​
Progressive Corp. (The)
​ ​ ​ ​ 9,166 ​ ​ ​ ​ ​ 1,176,914 ​ ​
Prudential Financial, Inc.
​ ​ ​ ​ 5,881 ​ ​ ​ ​ ​ 618,622 ​ ​
Raymond James Financial, Inc.
​ ​ ​ ​ 3,086 ​ ​ ​ ​ ​ 364,580 ​ ​
Regions Financial Corp.
​ ​ ​ ​ 14,608 ​ ​ ​ ​ ​ 320,646 ​ ​
S&P Global, Inc.
​ ​ ​ ​ 5,348 ​ ​ ​ ​ ​ 1,718,045 ​ ​
SVB Financial Group*
​ ​ ​ ​ 916 ​ ​ ​ ​ ​ 211,559 ​ ​
Synchrony Financial
​ ​ ​ ​ 7,836 ​ ​ ​ ​ ​ 278,648 ​ ​
Travelers Cos., Inc. (The)
​ ​ ​ ​ 3,754 ​ ​ ​ ​ ​ 692,463 ​ ​
Truist Financial Corp.
​ ​ ​ ​ 20,789 ​ ​ ​ ​ ​ 931,139 ​ ​
US Bancorp
​ ​ ​ ​ 20,943 ​ ​ ​ ​ ​ 889,030 ​ ​
Willis Towers Watson PLC
​ ​ ​ ​ 1,737 ​ ​ ​ ​ ​ 379,031 ​ ​
Total Financials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 32,394,692 ​ ​
Health Care — 9.8% ​
ABIOMED, Inc.*
​ ​ ​ ​ 722 ​ ​ ​ ​ ​ 182,002 ​ ​
Agilent Technologies, Inc.
​ ​ ​ ​ 4,676 ​ ​ ​ ​ ​ 646,925 ​ ​
Alnylam Pharmaceuticals, Inc.*
​ ​ ​ ​ 1,890 ​ ​ ​ ​ ​ 391,721 ​ ​
Amgen, Inc.
​ ​ ​ ​ 8,406 ​ ​ ​ ​ ​ 2,272,562 ​ ​
Avantor, Inc.*
​ ​ ​ ​ 9,624 ​ ​ ​ ​ ​ 194,116 ​ ​
Baxter International, Inc.
​ ​ ​ ​ 7,895 ​ ​ ​ ​ ​ 429,093 ​ ​
Biogen, Inc.*
​ ​ ​ ​ 2,287 ​ ​ ​ ​ ​ 648,227 ​ ​
Bristol-Myers Squibb Co.
​ ​ ​ ​ 33,541 ​ ​ ​ ​ ​ 2,598,421 ​ ​
Cardinal Health, Inc.
​ ​ ​ ​ 4,260 ​ ​ ​ ​ ​ 323,334 ​ ​
Catalent, Inc.*
​ ​ ​ ​ 2,743 ​ ​ ​ ​ ​ 180,297 ​ ​
Cigna Corp.
​ ​ ​ ​ 4,983 ​ ​ ​ ​ ​ 1,609,808 ​ ​
Cooper Cos., Inc. (The)
​ ​ ​ ​ 792 ​ ​ ​ ​ ​ 216,525 ​ ​
Danaher Corp.
​ ​ ​ ​ 10,427 ​ ​ ​ ​ ​ 2,624,163 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Health Care (continued) ​
DaVita, Inc.*
​ ​ ​ ​ 917 ​ ​ ​ ​ $ 66,950 ​ ​
DENTSPLY SIRONA, Inc.
​ ​ ​ ​ 3,478 ​ ​ ​ ​ ​ 107,192 ​ ​
Dexcom, Inc.*
​ ​ ​ ​ 6,127 ​ ​ ​ ​ ​ 740,019 ​ ​
Edwards Lifesciences Corp.*
​ ​ ​ ​ 9,688 ​ ​ ​ ​ ​ 701,702 ​ ​
Elevance Health, Inc.
​ ​ ​ ​ 3,795 ​ ​ ​ ​ ​ 2,074,992 ​ ​
Eli Lilly & Co.
​ ​ ​ ​ 13,310 ​ ​ ​ ​ ​ 4,819,418 ​ ​
Exact Sciences Corp.*
​ ​ ​ ​ 2,800 ​ ​ ​ ​ ​ 97,384 ​ ​
Gilead Sciences, Inc.
​ ​ ​ ​ 19,765 ​ ​ ​ ​ ​ 1,550,762 ​ ​
Hologic, Inc.*
​ ​ ​ ​ 3,870 ​ ​ ​ ​ ​ 262,386 ​ ​
Horizon Therapeutics PLC*
​ ​ ​ ​ 3,681 ​ ​ ​ ​ ​ 229,400 ​ ​
Humana, Inc.
​ ​ ​ ​ 1,962 ​ ​ ​ ​ ​ 1,094,953 ​ ​
IDEXX Laboratories, Inc.*
​ ​ ​ ​ 1,307 ​ ​ ​ ​ ​ 470,102 ​ ​
Illumina, Inc.*
​ ​ ​ ​ 2,461 ​ ​ ​ ​ ​ 563,126 ​ ​
Incyte Corp.*
​ ​ ​ ​ 2,962 ​ ​ ​ ​ ​ 220,195 ​ ​
Intuitive Surgical, Inc.*
​ ​ ​ ​ 5,635 ​ ​ ​ ​ ​ 1,388,858 ​ ​
IQVIA Holdings, Inc.*
​ ​ ​ ​ 2,914 ​ ​ ​ ​ ​ 610,978 ​ ​
Jazz Pharmaceuticals PLC*
​ ​ ​ ​ 973 ​ ​ ​ ​ ​ 139,908 ​ ​
Laboratory Corp. of America Holdings
​ ​ ​ ​ 1,462 ​ ​ ​ ​ ​ 324,359 ​ ​
Merck & Co., Inc.
​ ​ ​ ​ 39,668 ​ ​ ​ ​ ​ 4,014,402 ​ ​
Mettler-Toledo International, Inc.*
​ ​ ​ ​ 350 ​ ​ ​ ​ ​ 442,726 ​ ​
Organon & Co.
​ ​ ​ ​ 4,070 ​ ​ ​ ​ ​ 106,553 ​ ​
Quest Diagnostics, Inc.
​ ​ ​ ​ 1,900 ​ ​ ​ ​ ​ 272,935 ​ ​
ResMed, Inc.
​ ​ ​ ​ 2,278 ​ ​ ​ ​ ​ 509,566 ​ ​
STERIS PLC
​ ​ ​ ​ 1,613 ​ ​ ​ ​ ​ 278,372 ​ ​
Teladoc Health, Inc.*
​ ​ ​ ​ 2,358 ​ ​ ​ ​ ​ 69,891 ​ ​
Vertex Pharmaceuticals, Inc.*
​ ​ ​ ​ 4,022 ​ ​ ​ ​ ​ 1,254,864 ​ ​
Waters Corp.*
​ ​ ​ ​ 943 ​ ​ ​ ​ ​ 282,117 ​ ​
West Pharmaceutical Services, Inc.
​ ​ ​ ​ 1,158 ​ ​ ​ ​ ​ 266,456 ​ ​
Zoetis, Inc.
​ ​ ​ ​ 7,410 ​ ​ ​ ​ ​ 1,117,280 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 36,395,040 ​ ​
Industrials — 5.0% ​
3M Co.
​ ​ ​ ​ 8,936 ​ ​ ​ ​ ​ 1,124,059 ​ ​
A O Smith Corp.
​ ​ ​ ​ 2,113 ​ ​ ​ ​ ​ 115,750 ​ ​
Carrier Global Corp.
​ ​ ​ ​ 13,277 ​ ​ ​ ​ ​ 527,893 ​ ​
CH Robinson Worldwide, Inc.
​ ​ ​ ​ 1,961 ​ ​ ​ ​ ​ 191,629 ​ ​
Cintas Corp.
​ ​ ​ ​ 1,361 ​ ​ ​ ​ ​ 581,896 ​ ​
CSX Corp.
​ ​ ​ ​ 34,080 ​ ​ ​ ​ ​ 990,365 ​ ​
Deere & Co.
​ ​ ​ ​ 4,395 ​ ​ ​ ​ ​ 1,739,629 ​ ​
Dover Corp.
​ ​ ​ ​ 2,329 ​ ​ ​ ​ ​ 304,377 ​ ​
Equifax, Inc.
​ ​ ​ ​ 1,914 ​ ​ ​ ​ ​ 324,500 ​ ​
Expeditors International of Washington, Inc.
​ ​ ​ ​ 2,700 ​ ​ ​ ​ ​ 264,195 ​ ​
FedEx Corp.
​ ​ ​ ​ 3,756 ​ ​ ​ ​ ​ 602,012 ​ ​
Fortive Corp.
​ ​ ​ ​ 5,479 ​ ​ ​ ​ ​ 350,108 ​ ​
Fortune Brands Home & Security, Inc.
​ ​ ​ ​ 2,136 ​ ​ ​ ​ ​ 128,844 ​ ​
Illinois Tool Works, Inc.
​ ​ ​ ​ 4,287 ​ ​ ​ ​ ​ 915,403 ​ ​
Ingersoll Rand, Inc.
​ ​ ​ ​ 6,358 ​ ​ ​ ​ ​ 321,079 ​ ​
JB Hunt Transport Services, Inc.
​ ​ ​ ​ 1,351 ​ ​ ​ ​ ​ 231,116 ​ ​
Johnson Controls International PLC
​ ​ ​ ​ 10,893 ​ ​ ​ ​ ​ 630,051 ​ ​
Masco Corp.
​ ​ ​ ​ 3,818 ​ ​ ​ ​ ​ 176,659 ​ ​
Norfolk Southern Corp.
​ ​ ​ ​ 3,741 ​ ​ ​ ​ ​ 853,210 ​ ​
Otis Worldwide Corp.
​ ​ ​ ​ 6,642 ​ ​ ​ ​ ​ 469,191 ​ ​
Parker-Hannifin Corp.
​ ​ ​ ​ 2,005 ​ ​ ​ ​ ​ 582,693 ​ ​
Rockwell Automation, Inc.
​ ​ ​ ​ 1,823 ​ ​ ​ ​ ​ 465,412 ​ ​
Snap-on, Inc.
​ ​ ​ ​ 846 ​ ​ ​ ​ ​ 187,854 ​ ​
Stanley Black & Decker, Inc.
​ ​ ​ ​ 2,364 ​ ​ ​ ​ ​ 185,550 ​ ​
Trane Technologies PLC
​ ​ ​ ​ 3,657 ​ ​ ​ ​ ​ 583,767 ​ ​
​
See notes to financial statements.
85​
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG U.S. Large Cap Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Industrials (continued) ​
TransUnion
​ ​ ​ ​ 3,105 ​ ​ ​ ​ $ 184,033 ​ ​
Union Pacific Corp.
​ ​ ​ ​ 9,877 ​ ​ ​ ​ ​ 1,947,152 ​ ​
United Parcel Service, Inc., Class B
​ ​ ​ ​ 11,574 ​ ​ ​ ​ ​ 1,941,770 ​ ​
United Rentals, Inc.*
​ ​ ​ ​ 1,119 ​ ​ ​ ​ ​ 353,279 ​ ​
Verisk Analytics, Inc.
​ ​ ​ ​ 2,429 ​ ​ ​ ​ ​ 444,094 ​ ​
Westinghouse Air Brake Technologies Corp.
​ ​ ​ ​ 2,712 ​ ​ ​ ​ ​ 252,975 ​ ​
WW Grainger, Inc.
​ ​ ​ ​ 716 ​ ​ ​ ​ ​ 418,395 ​ ​
Xylem, Inc.
​ ​ ​ ​ 2,907 ​ ​ ​ ​ ​ 297,764 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 18,686,704 ​ ​
Information Technology — 35.4% ​
Accenture PLC, Class A
​ ​ ​ ​ 10,317 ​ ​ ​ ​ ​ 2,928,996 ​ ​
Adobe, Inc.*
​ ​ ​ ​ 7,259 ​ ​ ​ ​ ​ 2,311,991 ​ ​
Advanced Micro Devices, Inc.*
​ ​ ​ ​ 25,093 ​ ​ ​ ​ ​ 1,507,086 ​ ​
Akamai Technologies, Inc.*
​ ​ ​ ​ 2,450 ​ ​ ​ ​ ​ 216,409 ​ ​
Analog Devices, Inc.
​ ​ ​ ​ 8,047 ​ ​ ​ ​ ​ 1,147,663 ​ ​
ANSYS, Inc.*
​ ​ ​ ​ 1,345 ​ ​ ​ ​ ​ 297,460 ​ ​
Apple, Inc.
​ ​ ​ ​ 243,623 ​ ​ ​ ​ ​ 37,357,151 ​ ​
Applied Materials, Inc.
​ ​ ​ ​ 13,665 ​ ​ ​ ​ ​ 1,206,483 ​ ​
Arista Networks, Inc.*
​ ​ ​ ​ 3,698 ​ ​ ​ ​ ​ 446,940 ​ ​
Autodesk, Inc.*
​ ​ ​ ​ 3,369 ​ ​ ​ ​ ​ 721,977 ​ ​
Automatic Data Processing, Inc.
​ ​ ​ ​ 6,486 ​ ​ ​ ​ ​ 1,567,666 ​ ​
Bill.com Holdings, Inc.*
​ ​ ​ ​ 1,522 ​ ​ ​ ​ ​ 202,974 ​ ​
Block, Inc.*
​ ​ ​ ​ 7,978 ​ ​ ​ ​ ​ 479,238 ​ ​
Broadcom, Inc.
​ ​ ​ ​ 6,041 ​ ​ ​ ​ ​ 2,839,995 ​ ​
Broadridge Financial Solutions, Inc.
​ ​ ​ ​ 1,806 ​ ​ ​ ​ ​ 271,008 ​ ​
Cadence Design Systems, Inc.*
​ ​ ​ ​ 4,231 ​ ​ ​ ​ ​ 640,531 ​ ​
CDW Corp.
​ ​ ​ ​ 2,091 ​ ​ ​ ​ ​ 361,346 ​ ​
Cisco Systems, Inc.
​ ​ ​ ​ 58,880 ​ ​ ​ ​ ​ 2,674,918 ​ ​
Cognizant Technology Solutions Corp., Class A
​ ​ ​ ​ 8,089 ​ ​ ​ ​ ​ 503,540 ​ ​
Crowdstrike Holdings, Inc., Class A*
​ ​ ​ ​ 3,222 ​ ​ ​ ​ ​ 519,386 ​ ​
Datadog, Inc., Class A*
​ ​ ​ ​ 3,967 ​ ​ ​ ​ ​ 319,383 ​ ​
Dell Technologies, Inc., Class C
​ ​ ​ ​ 4,197 ​ ​ ​ ​ ​ 161,165 ​ ​
DocuSign, Inc.*
​ ​ ​ ​ 3,048 ​ ​ ​ ​ ​ 147,218 ​ ​
Enphase Energy, Inc.*
​ ​ ​ ​ 2,047 ​ ​ ​ ​ ​ 628,429 ​ ​
EPAM Systems, Inc.*
​ ​ ​ ​ 860 ​ ​ ​ ​ ​ 301,000 ​ ​
F5, Inc.*
​ ​ ​ ​ 919 ​ ​ ​ ​ ​ 131,334 ​ ​
Fidelity National Information Services,
Inc.
​ ​ ​ ​ 9,382 ​ ​ ​ ​ ​ 778,612 ​ ​
Fiserv, Inc.*
​ ​ ​ ​ 9,387 ​ ​ ​ ​ ​ 964,420 ​ ​
FleetCor Technologies, Inc.*
​ ​ ​ ​ 1,180 ​ ​ ​ ​ ​ 219,622 ​ ​
Fortinet, Inc.*
​ ​ ​ ​ 10,595 ​ ​ ​ ​ ​ 605,610 ​ ​
Gartner, Inc.*
​ ​ ​ ​ 1,216 ​ ​ ​ ​ ​ 367,135 ​ ​
Global Payments, Inc.
​ ​ ​ ​ 4,386 ​ ​ ​ ​ ​ 501,144 ​ ​
Hewlett Packard Enterprise Co.
​ ​ ​ ​ 20,145 ​ ​ ​ ​ ​ 287,469 ​ ​
HP, Inc.
​ ​ ​ ​ 15,983 ​ ​ ​ ​ ​ 441,450 ​ ​
HubSpot, Inc.*
​ ​ ​ ​ 705 ​ ​ ​ ​ ​ 209,075 ​ ​
Intel Corp.
​ ​ ​ ​ 63,563 ​ ​ ​ ​ ​ 1,807,096 ​ ​
International Business Machines Corp.
​ ​ ​ ​ 13,969 ​ ​ ​ ​ ​ 1,931,773 ​ ​
Intuit, Inc.
​ ​ ​ ​ 4,266 ​ ​ ​ ​ ​ 1,823,715 ​ ​
Keysight Technologies, Inc.*
​ ​ ​ ​ 2,778 ​ ​ ​ ​ ​ 483,789 ​ ​
KLA Corp.
​ ​ ​ ​ 2,308 ​ ​ ​ ​ ​ 730,367 ​ ​
Lam Research Corp.
​ ​ ​ ​ 2,172 ​ ​ ​ ​ ​ 879,182 ​ ​
Marvell Technology, Inc.
​ ​ ​ ​ 13,145 ​ ​ ​ ​ ​ 521,594 ​ ​
Mastercard, Inc., Class A
​ ​ ​ ​ 13,467 ​ ​ ​ ​ ​ 4,419,600 ​ ​
Micron Technology, Inc.
​ ​ ​ ​ 17,099 ​ ​ ​ ​ ​ 925,056 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Information Technology (continued) ​
Microsoft Corp.
​ ​ ​ ​ 114,579 ​ ​ ​ ​ $ 26,597,223 ​ ​
MongoDB, Inc.*
​ ​ ​ ​ 1,017 ​ ​ ​ ​ ​ 186,142 ​ ​
Motorola Solutions, Inc.
​ ​ ​ ​ 2,589 ​ ​ ​ ​ ​ 646,499 ​ ​
NetApp, Inc.
​ ​ ​ ​ 3,428 ​ ​ ​ ​ ​ 237,458 ​ ​
NortonLifeLock, Inc.
​ ​ ​ ​ 8,541 ​ ​ ​ ​ ​ 192,429 ​ ​
NVIDIA Corp.
​ ​ ​ ​ 37,326 ​ ​ ​ ​ ​ 5,037,890 ​ ​
Okta, Inc.*
​ ​ ​ ​ 2,287 ​ ​ ​ ​ ​ 128,346 ​ ​
Palo Alto Networks, Inc.*
​ ​ ​ ​ 4,529 ​ ​ ​ ​ ​ 777,131 ​ ​
Paycom Software, Inc.*
​ ​ ​ ​ 795 ​ ​ ​ ​ ​ 275,070 ​ ​
PayPal Holdings, Inc.*
​ ​ ​ ​ 18,170 ​ ​ ​ ​ ​ 1,518,649 ​ ​
QUALCOMM, Inc.
​ ​ ​ ​ 17,392 ​ ​ ​ ​ ​ 2,046,343 ​ ​
Qualtrics International, Inc., Class A*
​ ​ ​ ​ 1,409 ​ ​ ​ ​ ​ 16,866 ​ ​
RingCentral, Inc., Class A*
​ ​ ​ ​ 1,253 ​ ​ ​ ​ ​ 44,507 ​ ​
Roper Technologies, Inc.
​ ​ ​ ​ 1,638 ​ ​ ​ ​ ​ 679,017 ​ ​
Salesforce, Inc.*
​ ​ ​ ​ 14,986 ​ ​ ​ ​ ​ 2,436,574 ​ ​
Seagate Technology Holdings PLC
​ ​ ​ ​ 3,104 ​ ​ ​ ​ ​ 154,145 ​ ​
ServiceNow, Inc.*
​ ​ ​ ​ 3,100 ​ ​ ​ ​ ​ 1,304,294 ​ ​
Skyworks Solutions, Inc.
​ ​ ​ ​ 2,494 ​ ​ ​ ​ ​ 214,509 ​ ​
Splunk, Inc.*
​ ​ ​ ​ 2,485 ​ ​ ​ ​ ​ 206,528 ​ ​
Synopsys, Inc.*
​ ​ ​ ​ 2,363 ​ ​ ​ ​ ​ 691,296 ​ ​
TE Connectivity Ltd.
​ ​ ​ ​ 4,999 ​ ​ ​ ​ ​ 611,028 ​ ​
Teradyne, Inc.
​ ​ ​ ​ 2,444 ​ ​ ​ ​ ​ 198,819 ​ ​
Texas Instruments, Inc.
​ ​ ​ ​ 14,323 ​ ​ ​ ​ ​ 2,300,703 ​ ​
Trimble, Inc.*
​ ​ ​ ​ 3,870 ​ ​ ​ ​ ​ 232,819 ​ ​
Twilio, Inc., Class A*
​ ​ ​ ​ 2,644 ​ ​ ​ ​ ​ 196,634 ​ ​
VeriSign, Inc.*
​ ​ ​ ​ 1,483 ​ ​ ​ ​ ​ 297,282 ​ ​
Visa, Inc., Class A(a)
​ ​ ​ ​ 25,800 ​ ​ ​ ​ ​ 5,344,728 ​ ​
VMware, Inc., Class A
​ ​ ​ ​ 3,448 ​ ​ ​ ​ ​ 388,003 ​ ​
Western Digital Corp.*
​ ​ ​ ​ 4,786 ​ ​ ​ ​ ​ 164,495 ​ ​
Workday, Inc., Class A*
​ ​ ​ ​ 3,051 ​ ​ ​ ​ ​ 475,407 ​ ​
Zebra Technologies Corp., Class A*
​ ​ ​ ​ 812 ​ ​ ​ ​ ​ 229,975 ​ ​
Zscaler, Inc.*
​ ​ ​ ​ 1,297 ​ ​ ​ ​ ​ 199,868 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 131,818,673 ​ ​
Materials — 2.3% ​
Air Products and Chemicals, Inc.
​ ​ ​ ​ 3,474 ​ ​ ​ ​ ​ 869,890 ​ ​
Albemarle Corp.
​ ​ ​ ​ 1,834 ​ ​ ​ ​ ​ 513,281 ​ ​
Ball Corp.
​ ​ ​ ​ 4,987 ​ ​ ​ ​ ​ 246,308 ​ ​
DuPont de Nemours, Inc.
​ ​ ​ ​ 7,333 ​ ​ ​ ​ ​ 419,448 ​ ​
Ecolab, Inc.
​ ​ ​ ​ 3,983 ​ ​ ​ ​ ​ 625,610 ​ ​
International Flavors & Fragrances, Inc.
​ ​ ​ ​ 3,999 ​ ​ ​ ​ ​ 390,342 ​ ​
Linde PLC
​ ​ ​ ​ 7,842 ​ ​ ​ ​ ​ 2,331,819 ​ ​
LyondellBasell Industries NV, Class A
​ ​ ​ ​ 4,026 ​ ​ ​ ​ ​ 307,788 ​ ​
Martin Marietta Materials, Inc.
​ ​ ​ ​ 973 ​ ​ ​ ​ ​ 326,908 ​ ​
Mosaic Co. (The)
​ ​ ​ ​ 5,822 ​ ​ ​ ​ ​ 312,932 ​ ​
Newmont Corp.
​ ​ ​ ​ 12,452 ​ ​ ​ ​ ​ 526,969 ​ ​
Packaging Corp. of America
​ ​ ​ ​ 1,490 ​ ​ ​ ​ ​ 179,113 ​ ​
PPG Industries, Inc.
​ ​ ​ ​ 3,705 ​ ​ ​ ​ ​ 423,037 ​ ​
Sherwin-Williams Co. (The)
​ ​ ​ ​ 3,742 ​ ​ ​ ​ ​ 842,062 ​ ​
Vulcan Materials Co.
​ ​ ​ ​ 2,037 ​ ​ ​ ​ ​ 333,457 ​ ​
Westrock Co.
​ ​ ​ ​ 3,944 ​ ​ ​ ​ ​ 134,333 ​ ​
Total Materials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,783,297 ​ ​
Real Estate — 3.2% ​
Alexandria Real Estate Equities, Inc.
​ ​ ​ ​ 2,538 ​ ​ ​ ​ ​ 368,771 ​ ​
American Tower Corp.
​ ​ ​ ​ 7,320 ​ ​ ​ ​ ​ 1,516,631 ​ ​
AvalonBay Communities, Inc.
​ ​ ​ ​ 2,151 ​ ​ ​ ​ ​ 376,683 ​ ​
Boston Properties, Inc.
​ ​ ​ ​ 2,316 ​ ​ ​ ​ ​ 168,373 ​ ​
​
See notes to financial statements.
86
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG U.S. Large Cap Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Real Estate (continued) ​
CBRE Group, Inc., Class A*
​ ​ ​ ​ 4,935 ​ ​ ​ ​ $ 350,089 ​ ​
Crown Castle, Inc.
​ ​ ​ ​ 6,771 ​ ​ ​ ​ ​ 902,303 ​ ​
Digital Realty Trust, Inc.
​ ​ ​ ​ 4,468 ​ ​ ​ ​ ​ 447,917 ​ ​
Equinix, Inc.
​ ​ ​ ​ 1,427 ​ ​ ​ ​ ​ 808,310 ​ ​
Equity Residential
​ ​ ​ ​ 5,724 ​ ​ ​ ​ ​ 360,727 ​ ​
Essex Property Trust, Inc.
​ ​ ​ ​ 1,050 ​ ​ ​ ​ ​ 233,352 ​ ​
Extra Space Storage, Inc.
​ ​ ​ ​ 2,078 ​ ​ ​ ​ ​ 368,720 ​ ​
Healthpeak Properties, Inc.
​ ​ ​ ​ 8,716 ​ ​ ​ ​ ​ 206,831 ​ ​
Host Hotels & Resorts, Inc.
​ ​ ​ ​ 11,442 ​ ​ ​ ​ ​ 216,025 ​ ​
Invitation Homes, Inc.
​ ​ ​ ​ 9,565 ​ ​ ​ ​ ​ 303,115 ​ ​
Iron Mountain, Inc.
​ ​ ​ ​ 4,664 ​ ​ ​ ​ ​ 233,527 ​ ​
Mid-America Apartment Communities, Inc.
​ ​ ​ ​ 1,802 ​ ​ ​ ​ ​ 283,725 ​ ​
Prologis, Inc.
​ ​ ​ ​ 14,532 ​ ​ ​ ​ ​ 1,609,419 ​ ​
Public Storage
​ ​ ​ ​ 2,382 ​ ​ ​ ​ ​ 737,825 ​ ​
Realty Income Corp.
​ ​ ​ ​ 9,442 ​ ​ ​ ​ ​ 587,953 ​ ​
Simon Property Group, Inc.
​ ​ ​ ​ 5,124 ​ ​ ​ ​ ​ 558,414 ​ ​
UDR, Inc.
​ ​ ​ ​ 4,973 ​ ​ ​ ​ ​ 197,727 ​ ​
Ventas, Inc.
​ ​ ​ ​ 6,249 ​ ​ ​ ​ ​ 244,523 ​ ​
Welltower, Inc.
​ ​ ​ ​ 7,129 ​ ​ ​ ​ ​ 435,154 ​ ​
Weyerhaeuser Co.
​ ​ ​ ​ 11,665 ​ ​ ​ ​ ​ 360,798 ​ ​
WP Carey, Inc.
​ ​ ​ ​ 3,046 ​ ​ ​ ​ ​ 232,410 ​ ​
Total Real Estate
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12,109,322 ​ ​
Utilities — 1.5% ​
American Water Works Co., Inc.
​ ​ ​ ​ 2,848 ​ ​ ​ ​ ​ 413,928 ​ ​
Avangrid, Inc.(a)
​ ​ ​ ​ 1,141 ​ ​ ​ ​ ​ 46,416 ​ ​
Consolidated Edison, Inc.
​ ​ ​ ​ 5,559 ​ ​ ​ ​ ​ 488,970 ​ ​
Dominion Energy, Inc.
​ ​ ​ ​ 12,711 ​ ​ ​ ​ ​ 889,389 ​ ​
Edison International
​ ​ ​ ​ 5,987 ​ ​ ​ ​ ​ 359,459 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Utilities (continued) ​
Eversource Energy
​ ​ ​ ​ 5,364 ​ ​ ​ ​ $ 409,166 ​ ​
NextEra Energy, Inc.
​ ​ ​ ​ 30,899 ​ ​ ​ ​ ​ 2,394,673 ​ ​
Public Service Enterprise Group, Inc.
​ ​ ​ ​ 7,831 ​ ​ ​ ​ ​ 439,084 ​ ​
Total Utilities
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,441,085 ​ ​
Total Common Stocks
(Cost $377,188,946)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 371,785,982 ​ ​
Short-Term Investment — 0.0%(b) ​
Money Market Fund — 0.0%(b) ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(c)
(Cost $168,825)
​ ​ ​ ​ 168,825 ​ ​ ​ ​
​
168,825
 ​ ​
Total Investments — 99.7%
(Cost $377,357,771)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 371,954,807 ​ ​
Other Assets and Liabilities,
Net — 0.3%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 781,330 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 372,736,137 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $5,496,291; total market value of collateral held consisted of non-cash U.S. Treasury securities collateral having a value of $5,665,849.
​
(b)
Less than 0.05%.
​
(c)
Reflects the 1-day yield at October 31, 2022.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(d) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 371,785,982 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 371,785,982 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 168,825 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 168,825 ​ ​
Total Investments in Securities
​ ​ ​ $ 371,954,807 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 371,954,808 ​ ​
​
(d)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
87​
TABLE OF CONTENTS​
Schedule of Investments — IQ Candriam ESG U.S. Mid Cap Equity ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.9% ​
Communication Services — 2.7% ​
AMC Entertainment Holdings, Inc., Class A*
​ ​ ​ ​ 1,668 ​ ​ ​ ​ $ 11,109 ​ ​
Bumble, Inc., Class A*
​ ​ ​ ​ 276 ​ ​ ​ ​ ​ 7,010 ​ ​
Cable One, Inc.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 17,189 ​ ​
Frontier Communications Parent,
Inc.*
 ​ ​ ​ ​ 788 ​ ​ ​ ​ ​ 18,455 ​ ​
IAC, Inc.*
​ ​ ​ ​ 252 ​ ​ ​ ​ ​ 12,267 ​ ​
Interpublic Group of Cos., Inc. (The)
​ ​ ​ ​ 1,264 ​ ​ ​ ​ ​ 37,655 ​ ​
New York Times Co. (The), Class A
​ ​ ​ ​ 516 ​ ​ ​ ​ ​ 14,943 ​ ​
Nexstar Media Group, Inc.
​ ​ ​ ​ 124 ​ ​ ​ ​ ​ 21,241 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 139,869 ​ ​
Consumer Discretionary — 14.4% ​
ADT, Inc.
​ ​ ​ ​ 664 ​ ​ ​ ​ ​ 5,617 ​ ​
Advance Auto Parts, Inc.
​ ​ ​ ​ 196 ​ ​ ​ ​ ​ 37,224 ​ ​
Aramark
​ ​ ​ ​ 820 ​ ​ ​ ​ ​ 29,930 ​ ​
Autoliv, Inc.
​ ​ ​ ​ 280 ​ ​ ​ ​ ​ 22,498 ​ ​
Bath & Body Works, Inc.
​ ​ ​ ​ 696 ​ ​ ​ ​ ​ 23,233 ​ ​
BorgWarner, Inc.
​ ​ ​ ​ 772 ​ ​ ​ ​ ​ 28,973 ​ ​
Bright Horizons Family Solutions, Inc.*
​ ​ ​ ​ 188 ​ ​ ​ ​ ​ 12,280 ​ ​
Brunswick Corp.
​ ​ ​ ​ 244 ​ ​ ​ ​ ​ 17,243 ​ ​
Deckers Outdoor Corp.*
​ ​ ​ ​ 88 ​ ​ ​ ​ ​ 30,794 ​ ​
GameStop Corp., Class A*
​ ​ ​ ​ 840 ​ ​ ​ ​ ​ 23,780 ​ ​
Gentex Corp.
​ ​ ​ ​ 760 ​ ​ ​ ​ ​ 20,132 ​ ​
H&R Block, Inc.
​ ​ ​ ​ 512 ​ ​ ​ ​ ​ 21,069 ​ ​
Hasbro, Inc.
​ ​ ​ ​ 416 ​ ​ ​ ​ ​ 27,144 ​ ​
Hyatt Hotels Corp., Class A*
​ ​ ​ ​ 164 ​ ​ ​ ​ ​ 15,450 ​ ​
Lear Corp.
​ ​ ​ ​ 192 ​ ​ ​ ​ ​ 26,632 ​ ​
Levi Strauss & Co., Class A
​ ​ ​ ​ 276 ​ ​ ​ ​ ​ 4,129 ​ ​
Lithia Motors, Inc.
​ ​ ​ ​ 92 ​ ​ ​ ​ ​ 18,230 ​ ​
LKQ Corp.
​ ​ ​ ​ 796 ​ ​ ​ ​ ​ 44,289 ​ ​
Macy’s, Inc.
​ ​ ​ ​ 860 ​ ​ ​ ​ ​ 17,931 ​ ​
Marriott Vacations Worldwide Corp.
​ ​ ​ ​ 124 ​ ​ ​ ​ ​ 18,322 ​ ​
Mattel, Inc.*
​ ​ ​ ​ 1,136 ​ ​ ​ ​ ​ 21,539 ​ ​
Newell Brands, Inc.
​ ​ ​ ​ 1,224 ​ ​ ​ ​ ​ 16,903 ​ ​
Planet Fitness, Inc., Class A*
​ ​ ​ ​ 272 ​ ​ ​ ​ ​ 17,811 ​ ​
Polaris, Inc.
​ ​ ​ ​ 180 ​ ​ ​ ​ ​ 18,288 ​ ​
Ralph Lauren Corp.
​ ​ ​ ​ 132 ​ ​ ​ ​ ​ 12,235 ​ ​
RH* ​ ​ ​ ​ 64 ​ ​ ​ ​ ​ 16,252 ​ ​
Royal Caribbean Cruises Ltd.*
​ ​ ​ ​ 704 ​ ​ ​ ​ ​ 37,580 ​ ​
Tapestry, Inc.
​ ​ ​ ​ 812 ​ ​ ​ ​ ​ 25,724 ​ ​
Texas Roadhouse, Inc.
​ ​ ​ ​ 220 ​ ​ ​ ​ ​ 21,769 ​ ​
TopBuild Corp.*
​ ​ ​ ​ 104 ​ ​ ​ ​ ​ 17,695 ​ ​
Vail Resorts, Inc.
​ ​ ​ ​ 128 ​ ​ ​ ​ ​ 28,049 ​ ​
Whirlpool Corp.
​ ​ ​ ​ 180 ​ ​ ​ ​ ​ 24,883 ​ ​
Williams-Sonoma, Inc.
​ ​ ​ ​ 220 ​ ​ ​ ​ ​ 27,243 ​ ​
Wyndham Hotels & Resorts, Inc.
​ ​ ​ ​ 292 ​ ​ ​ ​ ​ 22,172 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 753,043 ​ ​
Consumer Staples — 4.3% ​
Bunge Ltd.
​ ​ ​ ​ 484 ​ ​ ​ ​ ​ 47,771 ​ ​
Coty, Inc., Class A*
​ ​ ​ ​ 1,160 ​ ​ ​ ​ ​ 7,783 ​ ​
Darling Ingredients, Inc.*
​ ​ ​ ​ 516 ​ ​ ​ ​ ​ 40,496 ​ ​
Flowers Foods, Inc.
​ ​ ​ ​ 592 ​ ​ ​ ​ ​ 16,996 ​ ​
J M Smucker Co. (The)
​ ​ ​ ​ 324 ​ ​ ​ ​ ​ 48,814 ​ ​
Lamb Weston Holdings, Inc.
​ ​ ​ ​ 464 ​ ​ ​ ​ ​ 40,006 ​ ​
US Foods Holding Corp.*
​ ​ ​ ​ 720 ​ ​ ​ ​ ​ 21,427 ​ ​
Total Consumer Staples
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 223,293 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Energy — 1.5% ​
NOV, Inc.
​ ​ ​ ​ 1,264 ​ ​ ​ ​ $ 28,313 ​ ​
Targa Resources Corp.
​ ​ ​ ​ 724 ​ ​ ​ ​ ​ 49,500 ​ ​
Total Energy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 77,813 ​ ​
Financials — 12.3% ​
Affiliated Managers Group, Inc.
​ ​ ​ ​ 124 ​ ​ ​ ​ ​ 15,396 ​ ​
AGNC Investment Corp.
​ ​ ​ ​ 1,680 ​ ​ ​ ​ ​ 13,809 ​ ​
Ally Financial, Inc.
​ ​ ​ ​ 1,008 ​ ​ ​ ​ ​ 27,780 ​ ​
Annaly Capital Management, Inc.
​ ​ ​ ​ 1,272 ​ ​ ​ ​ ​ 23,595 ​ ​
Assurant, Inc.
​ ​ ​ ​ 172 ​ ​ ​ ​ ​ 23,368 ​ ​
Cboe Global Markets, Inc.
​ ​ ​ ​ 344 ​ ​ ​ ​ ​ 42,828 ​ ​
Comerica, Inc.
​ ​ ​ ​ 420 ​ ​ ​ ​ ​ 29,610 ​ ​
Commerce Bancshares, Inc.
​ ​ ​ ​ 356 ​ ​ ​ ​ ​ 25,219 ​ ​
Equitable Holdings, Inc.
​ ​ ​ ​ 1,228 ​ ​ ​ ​ ​ 37,601 ​ ​
Everest Re Group Ltd.
​ ​ ​ ​ 124 ​ ​ ​ ​ ​ 40,010 ​ ​
First American Financial Corp.
​ ​ ​ ​ 332 ​ ​ ​ ​ ​ 16,733 ​ ​
Jefferies Financial Group, Inc.
​ ​ ​ ​ 560 ​ ​ ​ ​ ​ 19,270 ​ ​
Lincoln National Corp.
​ ​ ​ ​ 504 ​ ​ ​ ​ ​ 27,150 ​ ​
MarketAxess Holdings, Inc.
​ ​ ​ ​ 120 ​ ​ ​ ​ ​ 29,285 ​ ​
OneMain Holdings, Inc.
​ ​ ​ ​ 360 ​ ​ ​ ​ ​ 13,882 ​ ​
Pinnacle Financial Partners, Inc.
​ ​ ​ ​ 240 ​ ​ ​ ​ ​ 19,918 ​ ​
Popular, Inc.
​ ​ ​ ​ 244 ​ ​ ​ ​ ​ 17,256 ​ ​
Reinsurance Group of America, Inc.
​ ​ ​ ​ 212 ​ ​ ​ ​ ​ 31,200 ​ ​
RenaissanceRe Holdings Ltd.
​ ​ ​ ​ 140 ​ ​ ​ ​ ​ 21,655 ​ ​
SEI Investments Co.
​ ​ ​ ​ 400 ​ ​ ​ ​ ​ 21,720 ​ ​
Synovus Financial Corp.
​ ​ ​ ​ 448 ​ ​ ​ ​ ​ 17,853 ​ ​
Unum Group
​ ​ ​ ​ 568 ​ ​ ​ ​ ​ 25,895 ​ ​
Voya Financial, Inc.
​ ​ ​ ​ 328 ​ ​ ​ ​ ​ 22,422 ​ ​
Webster Financial Corp.
​ ​ ​ ​ 572 ​ ​ ​ ​ ​ 31,037 ​ ​
Western Alliance Bancorp
​ ​ ​ ​ 340 ​ ​ ​ ​ ​ 22,838 ​ ​
Zions Bancorp NA
​ ​ ​ ​ 484 ​ ​ ​ ​ ​ 25,139 ​ ​
Total Financials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 642,469 ​ ​
Health Care — 11.7% ​
ABIOMED, Inc.*
​ ​ ​ ​ 144 ​ ​ ​ ​ ​ 36,299 ​ ​
Acadia Healthcare Co., Inc.*
​ ​ ​ ​ 288 ​ ​ ​ ​ ​ 23,414 ​ ​
Bio-Techne Corp.
​ ​ ​ ​ 124 ​ ​ ​ ​ ​ 36,736 ​ ​
Cardinal Health, Inc.
​ ​ ​ ​ 880 ​ ​ ​ ​ ​ 66,792 ​ ​
Chemed Corp.
​ ​ ​ ​ 48 ​ ​ ​ ​ ​ 22,410 ​ ​
DaVita, Inc.*
​ ​ ​ ​ 180 ​ ​ ​ ​ ​ 13,142 ​ ​
DENTSPLY SIRONA, Inc.
​ ​ ​ ​ 696 ​ ​ ​ ​ ​ 21,451 ​ ​
Encompass Health Corp.
​ ​ ​ ​ 316 ​ ​ ​ ​ ​ 17,203 ​ ​
Exact Sciences Corp.*
​ ​ ​ ​ 564 ​ ​ ​ ​ ​ 19,616 ​ ​
Guardant Health, Inc.*
​ ​ ​ ​ 316 ​ ​ ​ ​ ​ 15,642 ​ ​
Halozyme Therapeutics, Inc.*
​ ​ ​ ​ 440 ​ ​ ​ ​ ​ 21,036 ​ ​
Inspire Medical Systems, Inc.*
​ ​ ​ ​ 88 ​ ​ ​ ​ ​ 17,156 ​ ​
Jazz Pharmaceuticals PLC*
​ ​ ​ ​ 196 ​ ​ ​ ​ ​ 28,183 ​ ​
Maravai LifeSciences Holdings, Inc., Class A*
​ ​ ​ ​ 356 ​ ​ ​ ​ ​ 5,910 ​ ​
Neurocrine Biosciences, Inc.*
​ ​ ​ ​ 304 ​ ​ ​ ​ ​ 34,996 ​ ​
Oak Street Health, Inc.*
​ ​ ​ ​ 372 ​ ​ ​ ​ ​ 7,526 ​ ​
Organon & Co.
​ ​ ​ ​ 820 ​ ​ ​ ​ ​ 21,468 ​ ​
Penumbra, Inc.*
​ ​ ​ ​ 116 ​ ​ ​ ​ ​ 19,891 ​ ​
QIAGEN NV*
​ ​ ​ ​ 732 ​ ​ ​ ​ ​ 31,886 ​ ​
Repligen Corp.*
​ ​ ​ ​ 176 ​ ​ ​ ​ ​ 32,118 ​ ​
Sarepta Therapeutics, Inc.*
​ ​ ​ ​ 268 ​ ​ ​ ​ ​ 30,557 ​ ​
Shockwave Medical, Inc.*
​ ​ ​ ​ 108 ​ ​ ​ ​ ​ 31,660 ​ ​
Teladoc Health, Inc.*
​ ​ ​ ​ 472 ​ ​ ​ ​ ​ 13,990 ​ ​
​
See notes to financial statements.
88
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG U.S. Mid Cap Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Health Care (continued) ​
Ultragenyx Pharmaceutical, Inc.*
​ ​ ​ ​ 212 ​ ​ ​ ​ $ 8,578 ​ ​
United Therapeutics Corp.*
​ ​ ​ ​ 144 ​ ​ ​ ​ ​ 33,196 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 610,856 ​ ​
Industrials — 20.0% ​
A O Smith Corp.
​ ​ ​ ​ 416 ​ ​ ​ ​ ​ 22,789 ​ ​
Acuity Brands, Inc.
​ ​ ​ ​ 104 ​ ​ ​ ​ ​ 19,091 ​ ​
Advanced Drainage Systems, Inc.
​ ​ ​ ​ 236 ​ ​ ​ ​ ​ 27,348 ​ ​
AGCO Corp.
​ ​ ​ ​ 196 ​ ​ ​ ​ ​ 24,337 ​ ​
Alaska Air Group, Inc.*
​ ​ ​ ​ 408 ​ ​ ​ ​ ​ 18,140 ​ ​
Avis Budget Group, Inc.*
​ ​ ​ ​ 92 ​ ​ ​ ​ ​ 21,754 ​ ​
Axon Enterprise, Inc.*
​ ​ ​ ​ 216 ​ ​ ​ ​ ​ 31,415 ​ ​
Carlisle Cos., Inc.
​ ​ ​ ​ 164 ​ ​ ​ ​ ​ 39,163 ​ ​
CH Robinson Worldwide, Inc.
​ ​ ​ ​ 404 ​ ​ ​ ​ ​ 39,479 ​ ​
Chart Industries, Inc.*
​ ​ ​ ​ 120 ​ ​ ​ ​ ​ 26,746 ​ ​
Clarivate PLC*
​ ​ ​ ​ 1,352 ​ ​ ​ ​ ​ 13,966 ​ ​
Donaldson Co., Inc.
​ ​ ​ ​ 392 ​ ​ ​ ​ ​ 22,520 ​ ​
Fortune Brands Home & Security, Inc.
​ ​ ​ ​ 420 ​ ​ ​ ​ ​ 25,334 ​ ​
FTI Consulting, Inc.*
​ ​ ​ ​ 108 ​ ​ ​ ​ ​ 16,808 ​ ​
Graco, Inc.
​ ​ ​ ​ 536 ​ ​ ​ ​ ​ 37,295 ​ ​
Hertz Global Holdings, Inc.*
​ ​ ​ ​ 732 ​ ​ ​ ​ ​ 13,469 ​ ​
Howmet Aerospace, Inc.
​ ​ ​ ​ 1,208 ​ ​ ​ ​ ​ 42,944 ​ ​
Hubbell, Inc.
​ ​ ​ ​ 172 ​ ​ ​ ​ ​ 40,847 ​ ​
ITT, Inc.
​ ​ ​ ​ 268 ​ ​ ​ ​ ​ 20,473 ​ ​
Knight-Swift Transportation Holdings,
Inc.
​ ​ ​ ​ 496 ​ ​ ​ ​ ​ 23,823 ​ ​
Landstar System, Inc.
​ ​ ​ ​ 120 ​ ​ ​ ​ ​ 18,746 ​ ​
Lennox International, Inc.
​ ​ ​ ​ 104 ​ ​ ​ ​ ​ 24,291 ​ ​
Lincoln Electric Holdings, Inc.
​ ​ ​ ​ 188 ​ ​ ​ ​ ​ 26,696 ​ ​
Masco Corp.
​ ​ ​ ​ 760 ​ ​ ​ ​ ​ 35,165 ​ ​
MasTec, Inc.*
​ ​ ​ ​ 192 ​ ​ ​ ​ ​ 14,799 ​ ​
MDU Resources Group, Inc.
​ ​ ​ ​ 652 ​ ​ ​ ​ ​ 18,569 ​ ​
MSA Safety, Inc.
​ ​ ​ ​ 120 ​ ​ ​ ​ ​ 16,109 ​ ​
Nordson Corp.
​ ​ ​ ​ 164 ​ ​ ​ ​ ​ 36,900 ​ ​
Owens Corning
​ ​ ​ ​ 308 ​ ​ ​ ​ ​ 26,368 ​ ​
Pentair PLC
​ ​ ​ ​ 532 ​ ​ ​ ​ ​ 22,849 ​ ​
Plug Power, Inc.*
​ ​ ​ ​ 1,852 ​ ​ ​ ​ ​ 29,595 ​ ​
Regal Rexnord Corp.
​ ​ ​ ​ 216 ​ ​ ​ ​ ​ 27,333 ​ ​
Robert Half International, Inc.
​ ​ ​ ​ 348 ​ ​ ​ ​ ​ 26,608 ​ ​
Saia, Inc.*
​ ​ ​ ​ 84 ​ ​ ​ ​ ​ 16,704 ​ ​
Snap-on, Inc.
​ ​ ​ ​ 168 ​ ​ ​ ​ ​ 37,304 ​ ​
Sunrun, Inc.*
​ ​ ​ ​ 660 ​ ​ ​ ​ ​ 14,857 ​ ​
Tetra Tech, Inc.
​ ​ ​ ​ 172 ​ ​ ​ ​ ​ 24,300 ​ ​
Toro Co. (The)
​ ​ ​ ​ 336 ​ ​ ​ ​ ​ 35,425 ​ ​
Trex Co., Inc.*
​ ​ ​ ​ 364 ​ ​ ​ ​ ​ 17,505 ​ ​
WillScot Mobile Mini Holdings Corp.*
​ ​ ​ ​ 704 ​ ​ ​ ​ ​ 29,941 ​ ​
XPO Logistics, Inc.*
​ ​ ​ ​ 348 ​ ​ ​ ​ ​ 18,006 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,045,811 ​ ​
Information Technology — 15.2% ​
Arrow Electronics, Inc.*
​ ​ ​ ​ 216 ​ ​ ​ ​ ​ 21,872 ​ ​
Black Knight, Inc.*
​ ​ ​ ​ 488 ​ ​ ​ ​ ​ 29,509 ​ ​
Ceridian HCM Holding, Inc.*
​ ​ ​ ​ 460 ​ ​ ​ ​ ​ 30,448 ​ ​
Cognex Corp.
​ ​ ​ ​ 544 ​ ​ ​ ​ ​ 25,149 ​ ​
Coupa Software, Inc.*
​ ​ ​ ​ 244 ​ ​ ​ ​ ​ 12,988 ​ ​
Dropbox, Inc., Class A*
​ ​ ​ ​ 900 ​ ​ ​ ​ ​ 19,575 ​ ​
Dynatrace, Inc.*
​ ​ ​ ​ 648 ​ ​ ​ ​ ​ 22,836 ​ ​
Entegris, Inc.
​ ​ ​ ​ 436 ​ ​ ​ ​ ​ 34,592 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Information Technology (continued) ​
F5, Inc.*
​ ​ ​ ​ 196 ​ ​ ​ ​ $ 28,010 ​ ​
Fair Isaac Corp.*
​ ​ ​ ​ 84 ​ ​ ​ ​ ​ 40,223 ​ ​
First Solar, Inc.*
​ ​ ​ ​ 308 ​ ​ ​ ​ ​ 44,836 ​ ​
Five9, Inc.*
​ ​ ​ ​ 220 ​ ​ ​ ​ ​ 13,257 ​ ​
Flex Ltd.*
​ ​ ​ ​ 1,468 ​ ​ ​ ​ ​ 28,744 ​ ​
Globant SA*
​ ​ ​ ​ 132 ​ ​ ​ ​ ​ 24,906 ​ ​
GoDaddy, Inc., Class A*
​ ​ ​ ​ 520 ​ ​ ​ ​ ​ 41,808 ​ ​
Guidewire Software, Inc.*
​ ​ ​ ​ 268 ​ ​ ​ ​ ​ 15,922 ​ ​
Jack Henry & Associates, Inc.
​ ​ ​ ​ 236 ​ ​ ​ ​ ​ 46,978 ​ ​
Juniper Networks, Inc.
​ ​ ​ ​ 1,032 ​ ​ ​ ​ ​ 31,579 ​ ​
Littelfuse, Inc.
​ ​ ​ ​ 80 ​ ​ ​ ​ ​ 17,620 ​ ​
MKS Instruments, Inc.
​ ​ ​ ​ 180 ​ ​ ​ ​ ​ 14,787 ​ ​
NortonLifeLock, Inc.
​ ​ ​ ​ 1,756 ​ ​ ​ ​ ​ 39,563 ​ ​
PTC, Inc.*
​ ​ ​ ​ 340 ​ ​ ​ ​ ​ 40,062 ​ ​
Qualtrics International, Inc., Class A*
​ ​ ​ ​ 308 ​ ​ ​ ​ ​ 3,687 ​ ​
RingCentral, Inc., Class A*
​ ​ ​ ​ 268 ​ ​ ​ ​ ​ 9,519 ​ ​
Switch, Inc., Class A
​ ​ ​ ​ 416 ​ ​ ​ ​ ​ 14,165 ​ ​
Synaptics, Inc.*
​ ​ ​ ​ 128 ​ ​ ​ ​ ​ 11,341 ​ ​
TD SYNNEX Corp.
​ ​ ​ ​ 136 ​ ​ ​ ​ ​ 12,445 ​ ​
Universal Display Corp.
​ ​ ​ ​ 140 ​ ​ ​ ​ ​ 13,331 ​ ​
Western Union Co. (The)
​ ​ ​ ​ 1,236 ​ ​ ​ ​ ​ 16,698 ​ ​
WEX, Inc.*
​ ​ ​ ​ 144 ​ ​ ​ ​ ​ 23,636 ​ ​
Wolfspeed, Inc.*
​ ​ ​ ​ 396 ​ ​ ​ ​ ​ 31,185 ​ ​
Zendesk, Inc.*
​ ​ ​ ​ 396 ​ ​ ​ ​ ​ 30,369 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 791,640 ​ ​
Materials — 6.5% ​
Alcoa Corp.
​ ​ ​ ​ 592 ​ ​ ​ ​ ​ 23,106 ​ ​
Ashland, Inc.
​ ​ ​ ​ 164 ​ ​ ​ ​ ​ 17,207 ​ ​
Avery Dennison Corp.
​ ​ ​ ​ 264 ​ ​ ​ ​ ​ 44,761 ​ ​
Axalta Coating Systems Ltd.*
​ ​ ​ ​ 716 ​ ​ ​ ​ ​ 16,697 ​ ​
Cleveland-Cliffs, Inc.*
​ ​ ​ ​ 1,548 ​ ​ ​ ​ ​ 20,109 ​ ​
Crown Holdings, Inc.
​ ​ ​ ​ 392 ​ ​ ​ ​ ​ 26,887 ​ ​
Graphic Packaging Holding Co.
​ ​ ​ ​ 988 ​ ​ ​ ​ ​ 22,684 ​ ​
Huntsman Corp.
​ ​ ​ ​ 576 ​ ​ ​ ​ ​ 15,414 ​ ​
Packaging Corp. of America
​ ​ ​ ​ 300 ​ ​ ​ ​ ​ 36,063 ​ ​
Sonoco Products Co.
​ ​ ​ ​ 312 ​ ​ ​ ​ ​ 19,369 ​ ​
Steel Dynamics, Inc.
​ ​ ​ ​ 576 ​ ​ ​ ​ ​ 54,173 ​ ​
United States Steel Corp.
​ ​ ​ ​ 756 ​ ​ ​ ​ ​ 15,392 ​ ​
Westrock Co.
​ ​ ​ ​ 812 ​ ​ ​ ​ ​ 27,657 ​ ​
Total Materials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 339,519 ​ ​
Real Estate — 9.8% ​
Agree Realty Corp.
​ ​ ​ ​ 256 ​ ​ ​ ​ ​ 17,587 ​ ​
American Homes 4 Rent, Class A
​ ​ ​ ​ 912 ​ ​ ​ ​ ​ 29,129 ​ ​
Brixmor Property Group, Inc.
​ ​ ​ ​ 964 ​ ​ ​ ​ ​ 20,543 ​ ​
CubeSmart
​ ​ ​ ​ 724 ​ ​ ​ ​ ​ 30,314 ​ ​
Federal Realty Investment Trust
​ ​ ​ ​ 256 ​ ​ ​ ​ ​ 25,339 ​ ​
First Industrial Realty Trust, Inc.
​ ​ ​ ​ 424 ​ ​ ​ ​ ​ 20,195 ​ ​
Host Hotels & Resorts, Inc.
​ ​ ​ ​ 2,288 ​ ​ ​ ​ ​ 43,197 ​ ​
Iron Mountain, Inc.
​ ​ ​ ​ 932 ​ ​ ​ ​ ​ 46,665 ​ ​
Jones Lang LaSalle, Inc.*
​ ​ ​ ​ 156 ​ ​ ​ ​ ​ 24,818 ​ ​
Kilroy Realty Corp.
​ ​ ​ ​ 372 ​ ​ ​ ​ ​ 15,899 ​ ​
Kimco Realty Corp.
​ ​ ​ ​ 1,956 ​ ​ ​ ​ ​ 41,819 ​ ​
Life Storage, Inc.
​ ​ ​ ​ 272 ​ ​ ​ ​ ​ 30,086 ​ ​
Medical Properties Trust, Inc.
​ ​ ​ ​ 1,916 ​ ​ ​ ​ ​ 21,938 ​ ​
Omega Healthcare Investors, Inc.
​ ​ ​ ​ 760 ​ ​ ​ ​ ​ 24,153 ​ ​
Rayonier, Inc.
​ ​ ​ ​ 468 ​ ​ ​ ​ ​ 15,772 ​ ​
​
See notes to financial statements.
89​
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG U.S. Mid Cap Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Real Estate (continued) ​
Regency Centers Corp.
​ ​ ​ ​ 552 ​ ​ ​ ​ $ 33,402 ​ ​
Rexford Industrial Realty, Inc.
​ ​ ​ ​ 532 ​ ​ ​ ​ ​ 29,409 ​ ​
STORE Capital Corp.
​ ​ ​ ​ 852 ​ ​ ​ ​ ​ 27,094 ​ ​
Vornado Realty Trust
​ ​ ​ ​ 572 ​ ​ ​ ​ ​ 13,493 ​ ​
Total Real Estate
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 510,852 ​ ​
Utilities — 1.5% ​
Brookfield Renewable Corp., Class A
​ ​ ​ ​ 412 ​ ​ ​ ​ ​ 12,785 ​ ​
Clearway Energy, Inc., Class A
​ ​ ​ ​ 112 ​ ​ ​ ​ ​ 3,621 ​ ​
Clearway Energy, Inc., Class C
​ ​ ​ ​ 264 ​ ​ ​ ​ ​ 9,171 ​ ​
Essential Utilities, Inc.
​ ​ ​ ​ 764 ​ ​ ​ ​ ​ 33,784 ​ ​
NextEra Energy Partners LP
​ ​ ​ ​ 272 ​ ​ ​ ​ ​ 20,147 ​ ​
Total Utilities
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 79,508 ​ ​
Total Common Stocks
(Cost $5,035,037)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,214,673 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Short-Term Investment — 0.1% ​
Money Market Fund — 0.1% ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(a)
(Cost $4,995)
​ ​ ​ ​ 4,995 ​ ​ ​ ​
$
4,995
 ​ ​
Total Investments — 100.0%
(Cost $5,040,032)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,219,668 ​ ​
Other Assets and Liabilities, Net — (0.0)%(b)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,870 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,221,538 ​ ​
​
​
*
Non-income producing securities.
​
(a)
Reflects the 1-day yield at October 31, 2022.
​
(b)
Less than 0.05%.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 5,214,673 ​ ​ ​ ​ $    — ​ ​ ​ ​ $    — ​ ​ ​ ​ $ 5,214,673 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 4,995 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,995 ​ ​
Total Investments in Securities
​ ​ ​ $ 5,219,668 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 5,219,668 ​ ​
​
(c)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 2)
See notes to financial statements.
90
TABLE OF CONTENTS​
Schedule of Investments — IQ Candriam ESG International Equity ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.0% ​
Australia — 7.0% ​
Alumina Ltd.
​ ​ ​ ​ 47,117 ​ ​ ​ ​ $ 40,674 ​ ​
AMP Ltd.*
​ ​ ​ ​ 58,715 ​ ​ ​ ​ ​ 47,307 ​ ​
Ampol Ltd.
​ ​ ​ ​ 4,301 ​ ​ ​ ​ ​ 74,890 ​ ​
APA Group
​ ​ ​ ​ 21,343 ​ ​ ​ ​ ​ 143,439 ​ ​
ASX Ltd.
​ ​ ​ ​ 3,461 ​ ​ ​ ​ ​ 149,830 ​ ​
Aurizon Holdings Ltd.
​ ​ ​ ​ 33,631 ​ ​ ​ ​ ​ 77,850 ​ ​
Australia & New Zealand Banking Group Ltd.
​ ​ ​ ​ 54,061 ​ ​ ​ ​ ​ 883,594 ​ ​
BlueScope Steel Ltd.
​ ​ ​ ​ 8,494 ​ ​ ​ ​ ​ 85,438 ​ ​
Boral Ltd.
​ ​ ​ ​ 6,117 ​ ​ ​ ​ ​ 11,265 ​ ​
Brambles Ltd.
​ ​ ​ ​ 25,085 ​ ​ ​ ​ ​ 187,355 ​ ​
Charter Hall Group
​ ​ ​ ​ 8,020 ​ ​ ​ ​ ​ 66,361 ​ ​
Cochlear Ltd.
​ ​ ​ ​ 1,186 ​ ​ ​ ​ ​ 151,458 ​ ​
Coles Group Ltd.
​ ​ ​ ​ 22,987 ​ ​ ​ ​ ​ 240,036 ​ ​
Dexus
​ ​ ​ ​ 19,338 ​ ​ ​ ​ ​ 95,958 ​ ​
Domino’s Pizza Enterprises Ltd.
​ ​ ​ ​ 1,081 ​ ​ ​ ​ ​ 44,067 ​ ​
Evolution Mining Ltd.
​ ​ ​ ​ 33,102 ​ ​ ​ ​ ​ 44,028 ​ ​
Fortescue Metals Group Ltd.
​ ​ ​ ​ 32,320 ​ ​ ​ ​ ​ 303,806 ​ ​
Goodman Group
​ ​ ​ ​ 32,746 ​ ​ ​ ​ ​ 355,971 ​ ​
GPT Group (The)
​ ​ ​ ​ 34,560 ​ ​ ​ ​ ​ 95,249 ​ ​
IDP Education Ltd.
​ ​ ​ ​ 3,810 ​ ​ ​ ​ ​ 72,090 ​ ​
IGO Ltd.
​ ​ ​ ​ 13,361 ​ ​ ​ ​ ​ 130,633 ​ ​
Insurance Australia Group Ltd.
​ ​ ​ ​ 44,519 ​ ​ ​ ​ ​ 139,492 ​ ​
Lendlease Corp., Ltd.
​ ​ ​ ​ 12,579 ​ ​ ​ ​ ​ 69,899 ​ ​
Lynas Rare Earths Ltd.*
​ ​ ​ ​ 16,202 ​ ​ ​ ​ ​ 86,302 ​ ​
Macquarie Group Ltd.
​ ​ ​ ​ 6,341 ​ ​ ​ ​ ​ 687,282 ​ ​
Medibank Pvt Ltd.
​ ​ ​ ​ 49,652 ​ ​ ​ ​ ​ 89,218 ​ ​
Mineral Resources Ltd.
​ ​ ​ ​ 2,960 ​ ​ ​ ​ ​ 138,419 ​ ​
Mirvac Group
​ ​ ​ ​ 71,013 ​ ​ ​ ​ ​ 93,997 ​ ​
National Australia Bank Ltd.
​ ​ ​ ​ 57,796 ​ ​ ​ ​ ​ 1,198,170 ​ ​
Orica Ltd.
​ ​ ​ ​ 7,435 ​ ​ ​ ​ ​ 65,990 ​ ​
OZ Minerals Ltd.
​ ​ ​ ​ 5,617 ​ ​ ​ ​ ​ 86,814 ​ ​
QBE Insurance Group Ltd.
​ ​ ​ ​ 26,715 ​ ​ ​ ​ ​ 209,095 ​ ​
Ramsay Health Care Ltd.
​ ​ ​ ​ 3,356 ​ ​ ​ ​ ​ 125,691 ​ ​
REA Group Ltd.
​ ​ ​ ​ 906 ​ ​ ​ ​ ​ 70,442 ​ ​
Rio Tinto Ltd.
​ ​ ​ ​ 6,713 ​ ​ ​ ​ ​ 378,611 ​ ​
Rio Tinto PLC
​ ​ ​ ​ 19,330 ​ ​ ​ ​ ​ 1,009,731 ​ ​
Santos Ltd.
​ ​ ​ ​ 60,900 ​ ​ ​ ​ ​ 299,858 ​ ​
Scentre Group
​ ​ ​ ​ 93,777 ​ ​ ​ ​ ​ 173,901 ​ ​
SEEK Ltd.
​ ​ ​ ​ 5,944 ​ ​ ​ ​ ​ 82,061 ​ ​
Sonic Healthcare Ltd.
​ ​ ​ ​ 8,592 ​ ​ ​ ​ ​ 180,044 ​ ​
Stockland
​ ​ ​ ​ 39,844 ​ ​ ​ ​ ​ 91,722 ​ ​
Suncorp Group Ltd.
​ ​ ​ ​ 22,792 ​ ​ ​ ​ ​ 166,294 ​ ​
Telstra Group Ltd.*
​ ​ ​ ​ 208,272 ​ ​ ​ ​ ​ 522,065 ​ ​
Transurban Group
​ ​ ​ ​ 55,448 ​ ​ ​ ​ ​ 470,151 ​ ​
Vicinity Centres
​ ​ ​ ​ 69,994 ​ ​ ​ ​ ​ 87,054 ​ ​
Wesfarmers Ltd.
​ ​ ​ ​ 20,481 ​ ​ ​ ​ ​ 595,372 ​ ​
Westpac Banking Corp.
​ ​ ​ ​ 63,323 ​ ​ ​ ​ ​ 976,262 ​ ​
WiseTech Global Ltd.
​ ​ ​ ​ 2,894 ​ ​ ​ ​ ​ 107,629 ​ ​
Woodside Energy Group Ltd.
​ ​ ​ ​ 34,406 ​ ​ ​ ​ ​ 791,595 ​ ​
Woolworths Group Ltd.
​ ​ ​ ​ 21,933 ​ ​ ​ ​ ​ 463,109 ​ ​
Total Australia
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12,757,569 ​ ​
Austria — 0.4% ​
ams-OSRAM AG*
​ ​ ​ ​ 4,777 ​ ​ ​ ​ ​ 27,094 ​ ​
ANDRITZ AG
​ ​ ​ ​ 1,316 ​ ​ ​ ​ ​ 61,209 ​ ​
BAWAG Group AG*
​ ​ ​ ​ 1,606 ​ ​ ​ ​ ​ 77,650 ​ ​
CA Immobilien Anlagen AG
​ ​ ​ ​ 748 ​ ​ ​ ​ ​ 23,620 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Austria (continued) ​
Erste Group Bank AG
​ ​ ​ ​ 5,817 ​ ​ ​ ​ $ 143,500 ​ ​
EVN AG
​ ​ ​ ​ 647 ​ ​ ​ ​ ​ 10,769 ​ ​
Mondi PLC
​ ​ ​ ​ 8,777 ​ ​ ​ ​ ​ 147,791 ​ ​
OMV AG
​ ​ ​ ​ 2,575 ​ ​ ​ ​ ​ 118,699 ​ ​
Verbund AG
​ ​ ​ ​ 595 ​ ​ ​ ​ ​ 46,604 ​ ​
voestalpine AG
​ ​ ​ ​ 2,035 ​ ​ ​ ​ ​ 44,208 ​ ​
Wienerberger AG
​ ​ ​ ​ 1,974 ​ ​ ​ ​ ​ 45,146 ​ ​
Total Austria
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 746,290 ​ ​
Belgium — 0.6% ​
Ageas SA
​ ​ ​ ​ 3,158 ​ ​ ​ ​ ​ 109,336 ​ ​
Azelis Group NV
​ ​ ​ ​ 1,276 ​ ​ ​ ​ ​ 29,208 ​ ​
D’ieteren Group
​ ​ ​ ​ 398 ​ ​ ​ ​ ​ 66,203 ​ ​
Elia Group SA
​ ​ ​ ​ 606 ​ ​ ​ ​ ​ 76,604 ​ ​
Etablissements Franz Colruyt NV
​ ​ ​ ​ 947 ​ ​ ​ ​ ​ 22,828 ​ ​
KBC Group NV
​ ​ ​ ​ 5,068 ​ ​ ​ ​ ​ 253,954 ​ ​
Proximus SADP
​ ​ ​ ​ 2,593 ​ ​ ​ ​ ​ 27,191 ​ ​
Sofina SA
​ ​ ​ ​ 276 ​ ​ ​ ​ ​ 53,875 ​ ​
Solvay SA
​ ​ ​ ​ 1,280 ​ ​ ​ ​ ​ 115,426 ​ ​
Telenet Group Holding NV
​ ​ ​ ​ 804 ​ ​ ​ ​ ​ 12,261 ​ ​
UCB SA
​ ​ ​ ​ 2,216 ​ ​ ​ ​ ​ 167,154 ​ ​
Umicore SA
​ ​ ​ ​ 3,650 ​ ​ ​ ​ ​ 120,309 ​ ​
Warehouses De Pauw CVA
​ ​ ​ ​ 2,589 ​ ​ ​ ​ ​ 66,478 ​ ​
Total Belgium
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,120,827 ​ ​
Chile — 0.0%(a) ​
Antofagasta PLC
​ ​ ​ ​ 6,325 ​ ​ ​ ​ ​ 85,603 ​ ​
China — 0.8% ​
Alibaba Health Information Technology Ltd.*
​ ​ ​ ​ 74,515 ​ ​ ​ ​ ​ 31,515 ​ ​
BYD Electronic International Co., Ltd.
​ ​ ​ ​ 11,702 ​ ​ ​ ​ ​ 33,989 ​ ​
China Gas Holdings Ltd.
​ ​ ​ ​ 38,705 ​ ​ ​ ​ ​ 34,317 ​ ​
China Mengniu Dairy Co., Ltd.*
​ ​ ​ ​ 54,926 ​ ​ ​ ​ ​ 175,976 ​ ​
Chow Tai Fook Jewellery Group Ltd.
​ ​ ​ ​ 31,946 ​ ​ ​ ​ ​ 54,696 ​ ​
CSPC Pharmaceutical Group Ltd.
​ ​ ​ ​ 151,521 ​ ​ ​ ​ ​ 155,770 ​ ​
ESR Group Ltd.
​ ​ ​ ​ 43,820 ​ ​ ​ ​ ​ 74,802 ​ ​
Fosun International Ltd.
​ ​ ​ ​ 40,735 ​ ​ ​ ​ ​ 24,909 ​ ​
Futu Holdings Ltd.*
​ ​ ​ ​ 1,400 ​ ​ ​ ​ ​ 47,404 ​ ​
NXP Semiconductors NV
​ ​ ​ ​ 4,752 ​ ​ ​ ​ ​ 694,172 ​ ​
Shimao Group Holdings Ltd.*(b)(c)
​ ​ ​ ​ 20,336 ​ ​ ​ ​ ​ 11,451 ​ ​
Wilmar International Ltd.
​ ​ ​ ​ 32,296 ​ ​ ​ ​ ​ 88,551 ​ ​
Xinyi Glass Holdings Ltd.
​ ​ ​ ​ 28,316 ​ ​ ​ ​ ​ 36,433 ​ ​
Total China
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,463,985 ​ ​
Colombia — 0.0%(a) ​
Millicom International Cellular SA*
​ ​ ​ ​ 3,113 ​ ​ ​ ​ ​ 33,749 ​ ​
Denmark — 3.0% ​
AP Moller — Maersk A/S, Class A
​ ​ ​ ​ 53 ​ ​ ​ ​ ​ 106,105 ​ ​
AP Moller — Maersk A/S, Class B
​ ​ ​ ​ 98 ​ ​ ​ ​ ​ 205,041 ​ ​
Chr Hansen Holding A/S
​ ​ ​ ​ 1,857 ​ ​ ​ ​ ​ 103,148 ​ ​
Coloplast A/S, Class B
​ ​ ​ ​ 2,211 ​ ​ ​ ​ ​ 246,562 ​ ​
Demant A/S*
​ ​ ​ ​ 1,631 ​ ​ ​ ​ ​ 44,583 ​ ​
Genmab A/S*
​ ​ ​ ​ 1,171 ​ ​ ​ ​ ​ 451,452 ​ ​
GN Store Nord A/S
​ ​ ​ ​ 2,285 ​ ​ ​ ​ ​ 48,596 ​ ​
Novo Nordisk A/S, Class B
​ ​ ​ ​ 29,821 ​ ​ ​ ​ ​ 3,242,777 ​ ​
Novozymes A/S, Class B
​ ​ ​ ​ 3,665 ​ ​ ​ ​ ​ 192,530 ​ ​
Orsted A/S
​ ​ ​ ​ 3,232 ​ ​ ​ ​ ​ 266,625 ​ ​
​
See notes to financial statements.
91​
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG International Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Denmark (continued) ​
Pandora A/S
​ ​ ​ ​ 1,681 ​ ​ ​ ​ $ 88,619 ​ ​
Tryg A/S
​ ​ ​ ​ 6,385 ​ ​ ​ ​ ​ 138,210 ​ ​
Vestas Wind Systems A/S
​ ​ ​ ​ 18,181 ​ ​ ​ ​ ​ 358,187 ​ ​
Total Denmark
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,492,435 ​ ​
Faroe Islands — 0.0%(a) ​
Bakkafrost P/F
​ ​ ​ ​ 910 ​ ​ ​ ​ ​ 45,470 ​ ​
Finland — 1.5% ​
Elisa OYJ
​ ​ ​ ​ 2,660 ​ ​ ​ ​ ​ 128,585 ​ ​
Fortum OYJ
​ ​ ​ ​ 7,661 ​ ​ ​ ​ ​ 107,859 ​ ​
Huhtamaki OYJ
​ ​ ​ ​ 1,740 ​ ​ ​ ​ ​ 62,512 ​ ​
Kesko OYJ, Class B
​ ​ ​ ​ 4,408 ​ ​ ​ ​ ​ 85,826 ​ ​
Kone OYJ, Class B
​ ​ ​ ​ 6,393 ​ ​ ​ ​ ​ 261,902 ​ ​
Metso Outotec OYJ
​ ​ ​ ​ 12,522 ​ ​ ​ ​ ​ 95,073 ​ ​
Neste OYJ
​ ​ ​ ​ 8,565 ​ ​ ​ ​ ​ 375,347 ​ ​
Nokia OYJ
​ ​ ​ ​ 94,740 ​ ​ ​ ​ ​ 422,018 ​ ​
Nordea Bank Abp*
​ ​ ​ ​ 60,020 ​ ​ ​ ​ ​ 573,986 ​ ​
Orion OYJ, Class B
​ ​ ​ ​ 1,842 ​ ​ ​ ​ ​ 84,746 ​ ​
Stora Enso OYJ, Class R
​ ​ ​ ​ 10,458 ​ ​ ​ ​ ​ 136,334 ​ ​
UPM-Kymmene OYJ
​ ​ ​ ​ 9,547 ​ ​ ​ ​ ​ 319,966 ​ ​
Wartsila OYJ Abp
​ ​ ​ ​ 10,064 ​ ​ ​ ​ ​ 68,632 ​ ​
Total Finland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,722,786 ​ ​
France — 10.6% ​
Adevinta ASA*
​ ​ ​ ​ 7,181 ​ ​ ​ ​ ​ 49,177 ​ ​
Air Liquide SA
​ ​ ​ ​ 9,462 ​ ​ ​ ​ ​ 1,237,236 ​ ​
Amundi SA
​ ​ ​ ​ 1,126 ​ ​ ​ ​ ​ 53,173 ​ ​
AXA SA
​ ​ ​ ​ 41,101 ​ ​ ​ ​ ​ 1,015,552 ​ ​
BioMerieux
​ ​ ​ ​ 864 ​ ​ ​ ​ ​ 76,461 ​ ​
BNP Paribas SA
​ ​ ​ ​ 20,373 ​ ​ ​ ​ ​ 956,340 ​ ​
Bouygues SA
​ ​ ​ ​ 5,377 ​ ​ ​ ​ ​ 153,478 ​ ​
Capgemini SE
​ ​ ​ ​ 2,933 ​ ​ ​ ​ ​ 481,929 ​ ​
Carrefour SA
​ ​ ​ ​ 10,548 ​ ​ ​ ​ ​ 169,773 ​ ​
Cie de Saint-Gobain
​ ​ ​ ​ 7,663 ​ ​ ​ ​ ​ 313,551 ​ ​
Cie Generale des Etablissements Michelin
SCA
​ ​ ​ ​ 12,919 ​ ​ ​ ​ ​ 329,554 ​ ​
Credit Agricole SA
​ ​ ​ ​ 25,549 ​ ​ ​ ​ ​ 231,958 ​ ​
Danone SA
​ ​ ​ ​ 11,678 ​ ​ ​ ​ ​ 581,020 ​ ​
Dassault Systemes SE
​ ​ ​ ​ 12,246 ​ ​ ​ ​ ​ 410,907 ​ ​
EssilorLuxottica SA
​ ​ ​ ​ 5,413 ​ ​ ​ ​ ​ 857,860 ​ ​
Hermes International
​ ​ ​ ​ 614 ​ ​ ​ ​ ​ 795,271 ​ ​
Kering SA
​ ​ ​ ​ 1,294 ​ ​ ​ ​ ​ 593,036 ​ ​
Legrand SA
​ ​ ​ ​ 4,740 ​ ​ ​ ​ ​ 361,383 ​ ​
L’Oreal SA
​ ​ ​ ​ 4,362 ​ ​ ​ ​ ​ 1,371,384 ​ ​
LVMH Moet Hennessy Louis Vuitton SE
​ ​ ​ ​ 4,704 ​ ​ ​ ​ ​ 2,970,830 ​ ​
Sanofi
​ ​ ​ ​ 19,656 ​ ​ ​ ​ ​ 1,696,556 ​ ​
Sartorius Stedim Biotech
​ ​ ​ ​ 437 ​ ​ ​ ​ ​ 138,729 ​ ​
Societe Generale SA
​ ​ ​ ​ 14,727 ​ ​ ​ ​ ​ 338,049 ​ ​
Sodexo SA
​ ​ ​ ​ 1,503 ​ ​ ​ ​ ​ 133,308 ​ ​
TotalEnergies SE(c)
​ ​ ​ ​ 47,290 ​ ​ ​ ​ ​ 2,575,316 ​ ​
Vinci SA
​ ​ ​ ​ 10,351 ​ ​ ​ ​ ​ 953,267 ​ ​
Vivendi SE
​ ​ ​ ​ 12,945 ​ ​ ​ ​ ​ 105,987 ​ ​
Worldline SA*
​ ​ ​ ​ 4,018 ​ ​ ​ ​ ​ 176,003 ​ ​
Total France
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 19,127,088 ​ ​
Germany — 6.9% ​
adidas AG
​ ​ ​ ​ 3,021 ​ ​ ​ ​ ​ 295,534 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Germany (continued) ​
Allianz SE
​ ​ ​ ​ 7,179 ​ ​ ​ ​ $ 1,292,772 ​ ​
Bayerische Motoren Werke AG
​ ​ ​ ​ 5,805 ​ ​ ​ ​ ​ 456,235 ​ ​
Beiersdorf AG
​ ​ ​ ​ 1,770 ​ ​ ​ ​ ​ 170,004 ​ ​
Carl Zeiss Meditec AG
​ ​ ​ ​ 669 ​ ​ ​ ​ ​ 81,031 ​ ​
Continental AG
​ ​ ​ ​ 1,954 ​ ​ ​ ​ ​ 101,351 ​ ​
Covestro AG
​ ​ ​ ​ 3,424 ​ ​ ​ ​ ​ 116,548 ​ ​
Deutsche Boerse AG
​ ​ ​ ​ 3,317 ​ ​ ​ ​ ​ 539,780 ​ ​
Deutsche Post AG
​ ​ ​ ​ 17,547 ​ ​ ​ ​ ​ 622,770 ​ ​
Deutsche Telekom AG
​ ​ ​ ​ 58,765 ​ ​ ​ ​ ​ 1,113,050 ​ ​
E.ON SE
​ ​ ​ ​ 38,560 ​ ​ ​ ​ ​ 323,026 ​ ​
Evonik Industries AG
​ ​ ​ ​ 3,240 ​ ​ ​ ​ ​ 59,738 ​ ​
Hannover Rueck SE
​ ​ ​ ​ 1,086 ​ ​ ​ ​ ​ 176,887 ​ ​
Hapag-Lloyd AG(c)
​ ​ ​ ​ 439 ​ ​ ​ ​ ​ 79,357 ​ ​
HeidelbergCement AG
​ ​ ​ ​ 2,620 ​ ​ ​ ​ ​ 120,799 ​ ​
Henkel AG & Co. KGaA
​ ​ ​ ​ 1,824 ​ ​ ​ ​ ​ 107,173 ​ ​
Infineon Technologies AG
​ ​ ​ ​ 21,737 ​ ​ ​ ​ ​ 529,359 ​ ​
Knorr-Bremse AG
​ ​ ​ ​ 1,214 ​ ​ ​ ​ ​ 54,665 ​ ​
Mercedes-Benz Group AG
​ ​ ​ ​ 15,277 ​ ​ ​ ​ ​ 884,800 ​ ​
Merck KGaA
​ ​ ​ ​ 2,338 ​ ​ ​ ​ ​ 381,275 ​ ​
Muenchener Rueckversicherungs- Gesellschaft AG
​ ​ ​ ​ 2,534 ​ ​ ​ ​ ​ 669,696 ​ ​
Puma SE
​ ​ ​ ​ 1,819 ​ ​ ​ ​ ​ 80,560 ​ ​
SAP SE
​ ​ ​ ​ 18,772 ​ ​ ​ ​ ​ 1,812,097 ​ ​
Siemens AG
​ ​ ​ ​ 14,480 ​ ​ ​ ​ ​ 1,583,399 ​ ​
Symrise AG
​ ​ ​ ​ 2,327 ​ ​ ​ ​ ​ 237,693 ​ ​
Talanx AG
​ ​ ​ ​ 974 ​ ​ ​ ​ ​ 36,600 ​ ​
Telefonica Deutschland Holding AG
​ ​ ​ ​ 14,354 ​ ​ ​ ​ ​ 31,296 ​ ​
Volkswagen AG
​ ​ ​ ​ 521 ​ ​ ​ ​ ​ 89,083 ​ ​
Vonovia SE
​ ​ ​ ​ 14,423 ​ ​ ​ ​ ​ 319,310 ​ ​
Zalando SE*
​ ​ ​ ​ 4,201 ​ ​ ​ ​ ​ 96,867 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 12,462,755 ​ ​
Hong Kong — 2.5% ​
AIA Group Ltd.
​ ​ ​ ​ 217,421 ​ ​ ​ ​ ​ 1,646,615 ​ ​
Bank of East Asia Ltd. (The)
​ ​ ​ ​ 17,309 ​ ​ ​ ​ ​ 16,582 ​ ​
Hang Lung Properties Ltd.
​ ​ ​ ​ 32,976 ​ ​ ​ ​ ​ 41,462 ​ ​
Hang Seng Bank Ltd.
​ ​ ​ ​ 13,094 ​ ​ ​ ​ ​ 184,320 ​ ​
HKT Trust & HKT Ltd.
​ ​ ​ ​ 62,300 ​ ​ ​ ​ ​ 70,396 ​ ​
Hong Kong & China Gas Co., Ltd.
​ ​ ​ ​ 196,290 ​ ​ ​ ​ ​ 151,534 ​ ​
Hong Kong Exchanges & Clearing Ltd.
​ ​ ​ ​ 22,956 ​ ​ ​ ​ ​ 611,197 ​ ​
Link REIT
​ ​ ​ ​ 38,152 ​ ​ ​ ​ ​ 225,514 ​ ​
MTR Corp., Ltd.
​ ​ ​ ​ 28,136 ​ ​ ​ ​ ​ 123,837 ​ ​
Power Assets Holdings Ltd.
​ ​ ​ ​ 24,719 ​ ​ ​ ​ ​ 118,244 ​ ​
Prudential PLC
​ ​ ​ ​ 49,665 ​ ​ ​ ​ ​ 463,628 ​ ​
Sino Biopharmaceutical Ltd.
​ ​ ​ ​ 177,355 ​ ​ ​ ​ ​ 86,081 ​ ​
Sun Hung Kai Properties Ltd.
​ ​ ​ ​ 25,715 ​ ​ ​ ​ ​ 276,646 ​ ​
Swire Pacific Ltd., Class A
​ ​ ​ ​ 8,444 ​ ​ ​ ​ ​ 55,882 ​ ​
Swire Properties Ltd.
​ ​ ​ ​ 19,246 ​ ​ ​ ​ ​ 36,973 ​ ​
Techtronic Industries Co., Ltd.
​ ​ ​ ​ 24,908 ​ ​ ​ ​ ​ 235,917 ​ ​
Wharf Real Estate Investment Co., Ltd.
​ ​ ​ ​ 26,649 ​ ​ ​ ​ ​ 105,070 ​ ​
Total Hong Kong
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,449,898 ​ ​
Ireland — 0.7% ​
AerCap Holdings NV*
​ ​ ​ ​ 2,408 ​ ​ ​ ​ ​ 128,612 ​ ​
AIB Group PLC
​ ​ ​ ​ 17,686 ​ ​ ​ ​ ​ 51,216 ​ ​
CRH PLC
​ ​ ​ ​ 13,734 ​ ​ ​ ​ ​ 494,775 ​ ​
Kerry Group PLC, Class A
​ ​ ​ ​ 2,825 ​ ​ ​ ​ ​ 245,703 ​ ​
​
See notes to financial statements.
92
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG International Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Ireland (continued) ​
Kingspan Group PLC
​ ​ ​ ​ 2,765 ​ ​ ​ ​ $ 139,645 ​ ​
Smurfit Kappa Group PLC
​ ​ ​ ​ 4,677 ​ ​ ​ ​ ​ 154,760 ​ ​
Total Ireland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,214,711 ​ ​
Israel — 0.6% ​
Bank Hapoalim BM
​ ​ ​ ​ 20,513 ​ ​ ​ ​ ​ 198,748 ​ ​
Bank Leumi Le-Israel BM
​ ​ ​ ​ 26,917 ​ ​ ​ ​ ​ 258,119 ​ ​
Israel Discount Bank Ltd., Class A
​ ​ ​ ​ 21,508 ​ ​ ​ ​ ​ 122,955 ​ ​
Mizrahi Tefahot Bank Ltd.
​ ​ ​ ​ 2,707 ​ ​ ​ ​ ​ 102,834 ​ ​
Nice Ltd.*
​ ​ ​ ​ 1,153 ​ ​ ​ ​ ​ 219,429 ​ ​
Plus500 Ltd.
​ ​ ​ ​ 1,665 ​ ​ ​ ​ ​ 34,602 ​ ​
Wix.com Ltd.*
​ ​ ​ ​ 1,002 ​ ​ ​ ​ ​ 84,268 ​ ​
Total Israel
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,020,955 ​ ​
Italy — 2.1% ​
Amplifon SpA
​ ​ ​ ​ 2,269 ​ ​ ​ ​ ​ 56,378 ​ ​
Assicurazioni Generali SpA
​ ​ ​ ​ 21,040 ​ ​ ​ ​ ​ 315,873 ​ ​
Banca Mediolanum SpA
​ ​ ​ ​ 3,898 ​ ​ ​ ​ ​ 29,202 ​ ​
DiaSorin SpA
​ ​ ​ ​ 162 ​ ​ ​ ​ ​ 21,183 ​ ​
Enel SpA
​ ​ ​ ​ 140,781 ​ ​ ​ ​ ​ 628,776 ​ ​
Eni SpA
​ ​ ​ ​ 44,227 ​ ​ ​ ​ ​ 579,354 ​ ​
FinecoBank Banca Fineco SpA
​ ​ ​ ​ 11,038 ​ ​ ​ ​ ​ 148,804 ​ ​
Intesa Sanpaolo SpA
​ ​ ​ ​ 326,023 ​ ​ ​ ​ ​ 621,570 ​ ​
Mediobanca Banca di Credito Finanziario
SpA
​ ​ ​ ​ 11,299 ​ ​ ​ ​ ​ 102,427 ​ ​
Moncler SpA
​ ​ ​ ​ 3,560 ​ ​ ​ ​ ​ 153,724 ​ ​
Nexi SpA*
​ ​ ​ ​ 11,264 ​ ​ ​ ​ ​ 97,634 ​ ​
Pirelli & C SpA
​ ​ ​ ​ 7,016 ​ ​ ​ ​ ​ 26,475 ​ ​
Poste Italiane SpA
​ ​ ​ ​ 8,441 ​ ​ ​ ​ ​ 73,582 ​ ​
Prysmian SpA
​ ​ ​ ​ 4,634 ​ ​ ​ ​ ​ 151,094 ​ ​
Recordati Industria Chimica e Farmaceutica SpA
​ ​ ​ ​ 1,782 ​ ​ ​ ​ ​ 66,980 ​ ​
Telecom Italia SpA*
​ ​ ​ ​ 183,418 ​ ​ ​ ​ ​ 35,912 ​ ​
Telecom Italia SpA-RSP*
​ ​ ​ ​ 110,264 ​ ​ ​ ​ ​ 21,087 ​ ​
Terna — Rete Elettrica Nazionale
​ ​ ​ ​ 25,452 ​ ​ ​ ​ ​ 168,743 ​ ​
UniCredit SpA
​ ​ ​ ​ 37,440 ​ ​ ​ ​ ​ 464,323 ​ ​
Total Italy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,763,121 ​ ​
Japan — 23.1% ​
Advantest Corp.
​ ​ ​ ​ 3,420 ​ ​ ​ ​ ​ 180,854 ​ ​
Aeon Co., Ltd.
​ ​ ​ ​ 13,176 ​ ​ ​ ​ ​ 246,128 ​ ​
Aeon Mall Co., Ltd.
​ ​ ​ ​ 1,691 ​ ​ ​ ​ ​ 18,396 ​ ​
Air Water, Inc.
​ ​ ​ ​ 3,437 ​ ​ ​ ​ ​ 38,455 ​ ​
Aisin Corp.
​ ​ ​ ​ 2,824 ​ ​ ​ ​ ​ 72,483 ​ ​
Ajinomoto Co., Inc.
​ ​ ​ ​ 9,623 ​ ​ ​ ​ ​ 265,185 ​ ​
Asahi Intecc Co., Ltd.
​ ​ ​ ​ 3,978 ​ ​ ​ ​ ​ 67,819 ​ ​
Astellas Pharma, Inc.
​ ​ ​ ​ 32,856 ​ ​ ​ ​ ​ 452,382 ​ ​
Azbil Corp.
​ ​ ​ ​ 2,350 ​ ​ ​ ​ ​ 63,954 ​ ​
Bridgestone Corp.
​ ​ ​ ​ 10,361 ​ ​ ​ ​ ​ 373,773 ​ ​
Brother Industries Ltd.
​ ​ ​ ​ 4,421 ​ ​ ​ ​ ​ 75,282 ​ ​
Canon, Inc.
​ ​ ​ ​ 18,224 ​ ​ ​ ​ ​ 386,709 ​ ​
Capcom Co., Ltd.
​ ​ ​ ​ 2,879 ​ ​ ​ ​ ​ 80,287 ​ ​
Central Japan Railway Co.
​ ​ ​ ​ 3,075 ​ ​ ​ ​ ​ 357,183 ​ ​
Chiba Bank Ltd. (The)
​ ​ ​ ​ 12,326 ​ ​ ​ ​ ​ 67,420 ​ ​
Chugai Pharmaceutical Co., Ltd.
​ ​ ​ ​ 11,458 ​ ​ ​ ​ ​ 265,954 ​ ​
Coca-Cola Bottlers Japan Holdings,
Inc.
​ ​ ​ ​ 2,211 ​ ​ ​ ​ ​ 19,993 ​ ​
Concordia Financial Group Ltd.
​ ​ ​ ​ 19,313 ​ ​ ​ ​ ​ 58,861 ​ ​
CyberAgent, Inc.
​ ​ ​ ​ 7,534 ​ ​ ​ ​ ​ 62,042 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
Dai Nippon Printing Co., Ltd.
​ ​ ​ ​ 4,205 ​ ​ ​ ​ $ 84,391 ​ ​
Daifuku Co., Ltd.
​ ​ ​ ​ 2,069 ​ ​ ​ ​ ​ 94,934 ​ ​
Daiichi Sankyo Co., Ltd.
​ ​ ​ ​ 34,216 ​ ​ ​ ​ ​ 1,097,371 ​ ​
Daikin Industries Ltd.
​ ​ ​ ​ 4,762 ​ ​ ​ ​ ​ 717,175 ​ ​
Daito Trust Construction Co., Ltd.
​ ​ ​ ​ 1,091 ​ ​ ​ ​ ​ 107,973 ​ ​
Daiwa House Industry Co., Ltd.
​ ​ ​ ​ 10,926 ​ ​ ​ ​ ​ 221,409 ​ ​
Daiwa House REIT Investment Corp.
​ ​ ​ ​ 39 ​ ​ ​ ​ ​ 78,716 ​ ​
Daiwa Securities Group, Inc.
​ ​ ​ ​ 24,454 ​ ​ ​ ​ ​ 95,424 ​ ​
Denso Corp.
​ ​ ​ ​ 7,759 ​ ​ ​ ​ ​ 385,771 ​ ​
Dentsu Group, Inc.
​ ​ ​ ​ 3,697 ​ ​ ​ ​ ​ 115,286 ​ ​
Disco Corp.
​ ​ ​ ​ 519 ​ ​ ​ ​ ​ 124,656 ​ ​
East Japan Railway Co.
​ ​ ​ ​ 6,164 ​ ​ ​ ​ ​ 333,425 ​ ​
Eisai Co., Ltd.
​ ​ ​ ​ 4,823 ​ ​ ​ ​ ​ 291,194 ​ ​
ENEOS Holdings, Inc.
​ ​ ​ ​ 55,437 ​ ​ ​ ​ ​ 182,683 ​ ​
FANUC Corp.
​ ​ ​ ​ 3,434 ​ ​ ​ ​ ​ 453,523 ​ ​
Fast Retailing Co., Ltd.
​ ​ ​ ​ 989 ​ ​ ​ ​ ​ 552,206 ​ ​
FUJIFILM Holdings Corp.
​ ​ ​ ​ 6,831 ​ ​ ​ ​ ​ 313,389 ​ ​
Fujitsu Ltd.
​ ​ ​ ​ 3,409 ​ ​ ​ ​ ​ 392,768 ​ ​
Hakuhodo DY Holdings, Inc.
​ ​ ​ ​ 4,005 ​ ​ ​ ​ ​ 33,843 ​ ​
Hankyu Hanshin Holdings, Inc.
​ ​ ​ ​ 4,166 ​ ​ ​ ​ ​ 123,745 ​ ​
Hitachi Construction Machinery Co.,
Ltd.
​ ​ ​ ​ 1,879 ​ ​ ​ ​ ​ 36,838 ​ ​
Hitachi Ltd.
​ ​ ​ ​ 17,079 ​ ​ ​ ​ ​ 776,762 ​ ​
Honda Motor Co., Ltd.
​ ​ ​ ​ 28,875 ​ ​ ​ ​ ​ 655,265 ​ ​
Hoshizaki Corp.
​ ​ ​ ​ 2,019 ​ ​ ​ ​ ​ 57,934 ​ ​
Hoya Corp.
​ ​ ​ ​ 6,504 ​ ​ ​ ​ ​ 607,145 ​ ​
Hulic Co., Ltd.
​ ​ ​ ​ 8,558 ​ ​ ​ ​ ​ 62,183 ​ ​
Ibiden Co., Ltd.
​ ​ ​ ​ 2,143 ​ ​ ​ ​ ​ 72,522 ​ ​
Idemitsu Kosan Co., Ltd.
​ ​ ​ ​ 3,691 ​ ​ ​ ​ ​ 80,706 ​ ​
Isetan Mitsukoshi Holdings Ltd.
​ ​ ​ ​ 6,043 ​ ​ ​ ​ ​ 53,667 ​ ​
Isuzu Motors Ltd.
​ ​ ​ ​ 10,604 ​ ​ ​ ​ ​ 124,421 ​ ​
Ito En Ltd.
​ ​ ​ ​ 1,003 ​ ​ ​ ​ ​ 35,427 ​ ​
ITOCHU Corp.
​ ​ ​ ​ 26,333 ​ ​ ​ ​ ​ 681,910 ​ ​
Itochu Techno-Solutions Corp.
​ ​ ​ ​ 1,576 ​ ​ ​ ​ ​ 36,581 ​ ​
J Front Retailing Co., Ltd.
​ ​ ​ ​ 4,472 ​ ​ ​ ​ ​ 36,165 ​ ​
Japan Exchange Group, Inc.
​ ​ ​ ​ 9,502 ​ ​ ​ ​ ​ 124,884 ​ ​
Japan Metropolitan Fund Invest
​ ​ ​ ​ 126 ​ ​ ​ ​ ​ 92,825 ​ ​
JFE Holdings, Inc.
​ ​ ​ ​ 8,969 ​ ​ ​ ​ ​ 82,247 ​ ​
JSR Corp.
​ ​ ​ ​ 3,534 ​ ​ ​ ​ ​ 67,382 ​ ​
JTEKT Corp.
​ ​ ​ ​ 4,151 ​ ​ ​ ​ ​ 29,324 ​ ​
Kajima Corp.
​ ​ ​ ​ 7,869 ​ ​ ​ ​ ​ 74,171 ​ ​
Kakaku.com, Inc.
​ ​ ​ ​ 2,317 ​ ​ ​ ​ ​ 39,299 ​ ​
Kansai Electric Power Co., Inc. (The)
​ ​ ​ ​ 13,313 ​ ​ ​ ​ ​ 100,944 ​ ​
Kansai Paint Co., Ltd.
​ ​ ​ ​ 3,931 ​ ​ ​ ​ ​ 51,308 ​ ​
Kao Corp.
​ ​ ​ ​ 8,427 ​ ​ ​ ​ ​ 316,930 ​ ​
KDDI Corp.
​ ​ ​ ​ 27,237 ​ ​ ​ ​ ​ 805,373 ​ ​
Keio Corp.
​ ​ ​ ​ 1,847 ​ ​ ​ ​ ​ 64,866 ​ ​
Keisei Electric Railway Co., Ltd.
​ ​ ​ ​ 2,617 ​ ​ ​ ​ ​ 69,547 ​ ​
Kikkoman Corp.
​ ​ ​ ​ 2,537 ​ ​ ​ ​ ​ 137,915 ​ ​
Kintetsu Group Holdings Co., Ltd.
​ ​ ​ ​ 3,064 ​ ​ ​ ​ ​ 103,690 ​ ​
Kobayashi Pharmaceutical Co., Ltd.
​ ​ ​ ​ 888 ​ ​ ​ ​ ​ 47,198 ​ ​
Koei Tecmo Holdings Co., Ltd.
​ ​ ​ ​ 1,998 ​ ​ ​ ​ ​ 30,218 ​ ​
Koito Manufacturing Co., Ltd.
​ ​ ​ ​ 4,492 ​ ​ ​ ​ ​ 63,889 ​ ​
Komatsu Ltd.
​ ​ ​ ​ 16,781 ​ ​ ​ ​ ​ 321,541 ​ ​
Kose Corp.
​ ​ ​ ​ 598 ​ ​ ​ ​ ​ 59,826 ​ ​
Kubota Corp.
​ ​ ​ ​ 21,137 ​ ​ ​ ​ ​ 295,294 ​ ​
Kuraray Co., Ltd.
​ ​ ​ ​ 5,818 ​ ​ ​ ​ ​ 40,043 ​ ​
Kurita Water Industries Ltd.
​ ​ ​ ​ 1,998 ​ ​ ​ ​ ​ 73,395 ​ ​
​
See notes to financial statements.
93​
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG International Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
Kyocera Corp.
​ ​ ​ ​ 5,841 ​ ​ ​ ​ $ 292,414 ​ ​
Kyowa Kirin Co., Ltd.
​ ​ ​ ​ 4,458 ​ ​ ​ ​ ​ 105,125 ​ ​
Kyushu Railway Co.
​ ​ ​ ​ 2,499 ​ ​ ​ ​ ​ 52,288 ​ ​
Lion Corp.
​ ​ ​ ​ 4,507 ​ ​ ​ ​ ​ 45,605 ​ ​
Lixil Corp.
​ ​ ​ ​ 5,060 ​ ​ ​ ​ ​ 76,631 ​ ​
Makita Corp.
​ ​ ​ ​ 4,438 ​ ​ ​ ​ ​ 81,215 ​ ​
Marubeni Corp.
​ ​ ​ ​ 30,072 ​ ​ ​ ​ ​ 263,624 ​ ​
Marui Group Co., Ltd.
​ ​ ​ ​ 3,346 ​ ​ ​ ​ ​ 55,243 ​ ​
Mazda Motor Corp.
​ ​ ​ ​ 10,633 ​ ​ ​ ​ ​ 71,752 ​ ​
McDonald’s Holdings Co. Japan Ltd.
​ ​ ​ ​ 1,559 ​ ​ ​ ​ ​ 54,122 ​ ​
MEIJI Holdings Co., Ltd.
​ ​ ​ ​ 2,246 ​ ​ ​ ​ ​ 92,478 ​ ​
Mitsubishi Chemical Group Corp.
​ ​ ​ ​ 24,135 ​ ​ ​ ​ ​ 109,134 ​ ​
Mitsubishi Corp.
​ ​ ​ ​ 24,303 ​ ​ ​ ​ ​ 659,100 ​ ​
Mitsubishi Estate Co., Ltd.
​ ​ ​ ​ 20,942 ​ ​ ​ ​ ​ 263,897 ​ ​
Mitsubishi Gas Chemical Co., Inc.
​ ​ ​ ​ 3,423 ​ ​ ​ ​ ​ 43,572 ​ ​
Mitsubishi HC Capital, Inc.
​ ​ ​ ​ 12,460 ​ ​ ​ ​ ​ 53,483 ​ ​
Mitsui Chemicals, Inc.
​ ​ ​ ​ 3,220 ​ ​ ​ ​ ​ 59,684 ​ ​
Mitsui Fudosan Co., Ltd.
​ ​ ​ ​ 15,749 ​ ​ ​ ​ ​ 301,926 ​ ​
Mitsui OSK Lines Ltd.
​ ​ ​ ​ 6,320 ​ ​ ​ ​ ​ 125,477 ​ ​
Miura Co., Ltd.
​ ​ ​ ​ 1,761 ​ ​ ​ ​ ​ 35,958 ​ ​
Mizuho Financial Group, Inc.
​ ​ ​ ​ 42,628 ​ ​ ​ ​ ​ 460,595 ​ ​
MonotaRO Co., Ltd.
​ ​ ​ ​ 4,442 ​ ​ ​ ​ ​ 67,780 ​ ​
MS&AD Insurance Group Holdings, Inc.
​ ​ ​ ​ 8,303 ​ ​ ​ ​ ​ 220,151 ​ ​
Nabtesco Corp.
​ ​ ​ ​ 1,953 ​ ​ ​ ​ ​ 41,587 ​ ​
NEC Corp.
​ ​ ​ ​ 4,532 ​ ​ ​ ​ ​ 150,167 ​ ​
Nexon Co., Ltd.
​ ​ ​ ​ 7,658 ​ ​ ​ ​ ​ 128,651 ​ ​
NGK Insulators Ltd.
​ ​ ​ ​ 5,491 ​ ​ ​ ​ ​ 64,170 ​ ​
NH Foods Ltd.
​ ​ ​ ​ 1,854 ​ ​ ​ ​ ​ 44,219 ​ ​
Nidec Corp.
​ ​ ​ ​ 8,935 ​ ​ ​ ​ ​ 495,217 ​ ​
Nihon M&A Center Holdings, Inc.
​ ​ ​ ​ 5,456 ​ ​ ​ ​ ​ 61,779 ​ ​
Nikon Corp.
​ ​ ​ ​ 5,635 ​ ​ ​ ​ ​ 54,555 ​ ​
Nintendo Co., Ltd.
​ ​ ​ ​ 20,723 ​ ​ ​ ​ ​ 846,292 ​ ​
Nippon Building Fund, Inc.
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 133,414 ​ ​
Nippon Prologis REIT, Inc.
​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 85,925 ​ ​
Nippon Sanso Holdings Corp.
​ ​ ​ ​ 3,241 ​ ​ ​ ​ ​ 51,722 ​ ​
Nippon Shinyaku Co., Ltd.
​ ​ ​ ​ 1,143 ​ ​ ​ ​ ​ 63,365 ​ ​
Nippon Steel Corp.
​ ​ ​ ​ 15,497 ​ ​ ​ ​ ​ 212,955 ​ ​
Nippon Telegraph & Telephone Corp.
​ ​ ​ ​ 39,783 ​ ​ ​ ​ ​ 1,095,782 ​ ​
Nippon Yusen K.K.
​ ​ ​ ​ 8,847 ​ ​ ​ ​ ​ 160,649 ​ ​
Nissan Chemical Corp.
​ ​ ​ ​ 2,267 ​ ​ ​ ​ ​ 102,189 ​ ​
Nisshin Seifun Group, Inc.
​ ​ ​ ​ 4,353 ​ ​ ​ ​ ​ 47,093 ​ ​
Nissin Foods Holdings Co., Ltd.
​ ​ ​ ​ 1,173 ​ ​ ​ ​ ​ 75,998 ​ ​
Nitori Holdings Co., Ltd.
​ ​ ​ ​ 1,471 ​ ​ ​ ​ ​ 133,952 ​ ​
Nitto Denko Corp.
​ ​ ​ ​ 2,635 ​ ​ ​ ​ ​ 138,810 ​ ​
Nomura Holdings, Inc.
​ ​ ​ ​ 53,520 ​ ​ ​ ​ ​ 173,485 ​ ​
Nomura Real Estate Holdings, Inc.
​ ​ ​ ​ 2,017 ​ ​ ​ ​ ​ 45,664 ​ ​
Nomura Real Estate Master Fund, Inc.
​ ​ ​ ​ 81 ​ ​ ​ ​ ​ 92,371 ​ ​
Nomura Research Institute Ltd.
​ ​ ​ ​ 6,669 ​ ​ ​ ​ ​ 148,290 ​ ​
NSK Ltd.
​ ​ ​ ​ 8,321 ​ ​ ​ ​ ​ 44,002 ​ ​
NTT Data Corp.
​ ​ ​ ​ 11,353 ​ ​ ​ ​ ​ 164,755 ​ ​
Obayashi Corp.
​ ​ ​ ​ 11,274 ​ ​ ​ ​ ​ 72,437 ​ ​
Odakyu Electric Railway Co., Ltd.
​ ​ ​ ​ 6,214 ​ ​ ​ ​ ​ 73,957 ​ ​
Oji Holdings Corp.
​ ​ ​ ​ 15,482 ​ ​ ​ ​ ​ 53,747 ​ ​
Olympus Corp.
​ ​ ​ ​ 21,968 ​ ​ ​ ​ ​ 464,087 ​ ​
Omron Corp.
​ ​ ​ ​ 3,474 ​ ​ ​ ​ ​ 162,580 ​ ​
Ono Pharmaceutical Co., Ltd.
​ ​ ​ ​ 7,078 ​ ​ ​ ​ ​ 166,480 ​ ​
Oriental Land Co., Ltd.
​ ​ ​ ​ 3,595 ​ ​ ​ ​ ​ 482,526 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
ORIX Corp.
​ ​ ​ ​ 21,474 ​ ​ ​ ​ $ 315,677 ​ ​
Orix JREIT, Inc.
​ ​ ​ ​ 50 ​ ​ ​ ​ ​ 67,111 ​ ​
Osaka Gas Co., Ltd.
​ ​ ​ ​ 7,252 ​ ​ ​ ​ ​ 107,437 ​ ​
Otsuka Holdings Co., Ltd.
​ ​ ​ ​ 7,263 ​ ​ ​ ​ ​ 232,889 ​ ​
Pan Pacific International Holdings
Corp.
​ ​ ​ ​ 6,900 ​ ​ ​ ​ ​ 113,317 ​ ​
Panasonic Holdings Corp.
​ ​ ​ ​ 41,146 ​ ​ ​ ​ ​ 294,681 ​ ​
Persol Holdings Co., Ltd.
​ ​ ​ ​ 3,349 ​ ​ ​ ​ ​ 67,280 ​ ​
Pigeon Corp.
​ ​ ​ ​ 2,098 ​ ​ ​ ​ ​ 27,496 ​ ​
Pola Orbis Holdings, Inc.
​ ​ ​ ​ 1,503 ​ ​ ​ ​ ​ 16,634 ​ ​
Rakuten Group, Inc.
​ ​ ​ ​ 16,026 ​ ​ ​ ​ ​ 71,809 ​ ​
Recruit Holdings Co., Ltd.
​ ​ ​ ​ 25,073 ​ ​ ​ ​ ​ 774,280 ​ ​
Renesas Electronics Corp.*
​ ​ ​ ​ 20,597 ​ ​ ​ ​ ​ 172,733 ​ ​
Resona Holdings, Inc.
​ ​ ​ ​ 42,494 ​ ​ ​ ​ ​ 160,015 ​ ​
Ricoh Co., Ltd.
​ ​ ​ ​ 10,961 ​ ​ ​ ​ ​ 80,381 ​ ​
Rohm Co., Ltd.
​ ​ ​ ​ 1,544 ​ ​ ​ ​ ​ 108,761 ​ ​
Ryohin Keikaku Co., Ltd.
​ ​ ​ ​ 4,427 ​ ​ ​ ​ ​ 41,728 ​ ​
Santen Pharmaceutical Co., Ltd.
​ ​ ​ ​ 6,891 ​ ​ ​ ​ ​ 47,196 ​ ​
SCSK Corp.
​ ​ ​ ​ 2,617 ​ ​ ​ ​ ​ 38,682 ​ ​
Secom Co., Ltd.
​ ​ ​ ​ 3,752 ​ ​ ​ ​ ​ 214,339 ​ ​
Seiko Epson Corp.
​ ​ ​ ​ 5,354 ​ ​ ​ ​ ​ 72,979 ​ ​
Sekisui Chemical Co., Ltd.
​ ​ ​ ​ 7,096 ​ ​ ​ ​ ​ 88,798 ​ ​
Sekisui House Ltd.
​ ​ ​ ​ 10,754 ​ ​ ​ ​ ​ 179,071 ​ ​
SG Holdings Co., Ltd.
​ ​ ​ ​ 7,141 ​ ​ ​ ​ ​ 94,743 ​ ​
Sharp Corp.(c)
​ ​ ​ ​ 5,785 ​ ​ ​ ​ ​ 34,678 ​ ​
Shimano, Inc.
​ ​ ​ ​ 1,446 ​ ​ ​ ​ ​ 224,486 ​ ​
Shimizu Corp.
​ ​ ​ ​ 10,182 ​ ​ ​ ​ ​ 50,898 ​ ​
Shin-Etsu Chemical Co., Ltd.
​ ​ ​ ​ 7,300 ​ ​ ​ ​ ​ 763,225 ​ ​
Shionogi & Co., Ltd.
​ ​ ​ ​ 5,362 ​ ​ ​ ​ ​ 248,556 ​ ​
Shiseido Co., Ltd.
​ ​ ​ ​ 7,168 ​ ​ ​ ​ ​ 248,603 ​ ​
Showa Denko K.K.
​ ​ ​ ​ 3,253 ​ ​ ​ ​ ​ 47,536 ​ ​
SMC Corp.
​ ​ ​ ​ 1,110 ​ ​ ​ ​ ​ 448,974 ​ ​
Sohgo Security Services Co., Ltd.
​ ​ ​ ​ 1,332 ​ ​ ​ ​ ​ 33,247 ​ ​
Sompo Holdings, Inc.
​ ​ ​ ​ 5,636 ​ ​ ​ ​ ​ 234,829 ​ ​
Sony Group Corp.
​ ​ ​ ​ 22,363 ​ ​ ​ ​ ​ 1,502,753 ​ ​
Square Enix Holdings Co., Ltd.
​ ​ ​ ​ 1,628 ​ ​ ​ ​ ​ 72,728 ​ ​
Stanley Electric Co., Ltd.
​ ​ ​ ​ 2,674 ​ ​ ​ ​ ​ 45,480 ​ ​
Subaru Corp.
​ ​ ​ ​ 10,978 ​ ​ ​ ​ ​ 171,020 ​ ​
SUMCO Corp.
​ ​ ​ ​ 6,225 ​ ​ ​ ​ ​ 79,113 ​ ​
Sumitomo Chemical Co., Ltd.
​ ​ ​ ​ 28,499 ​ ​ ​ ​ ​ 96,061 ​ ​
Sumitomo Corp.
​ ​ ​ ​ 21,230 ​ ​ ​ ​ ​ 270,740 ​ ​
Sumitomo Electric Industries Ltd.
​ ​ ​ ​ 13,397 ​ ​ ​ ​ ​ 140,068 ​ ​
Sumitomo Metal Mining Co., Ltd.
​ ​ ​ ​ 4,364 ​ ​ ​ ​ ​ 122,786 ​ ​
Sumitomo Mitsui Financial Group, Inc.
​ ​ ​ ​ 21,829 ​ ​ ​ ​ ​ 612,860 ​ ​
Sumitomo Mitsui Trust Holdings, Inc.
​ ​ ​ ​ 5,660 ​ ​ ​ ​ ​ 162,868 ​ ​
Sumitomo Pharma Co., Ltd.
​ ​ ​ ​ 3,047 ​ ​ ​ ​ ​ 21,258 ​ ​
Sumitomo Rubber Industries Ltd.
​ ​ ​ ​ 3,239 ​ ​ ​ ​ ​ 27,806 ​ ​
Sundrug Co., Ltd.
​ ​ ​ ​ 1,237 ​ ​ ​ ​ ​ 28,796 ​ ​
Suntory Beverage & Food Ltd.
​ ​ ​ ​ 2,276 ​ ​ ​ ​ ​ 76,257 ​ ​
Sysmex Corp.
​ ​ ​ ​ 2,753 ​ ​ ​ ​ ​ 148,694 ​ ​
T&D Holdings, Inc.
​ ​ ​ ​ 9,217 ​ ​ ​ ​ ​ 90,970 ​ ​
Takeda Pharmaceutical Co., Ltd.
​ ​ ​ ​ 27,598 ​ ​ ​ ​ ​ 727,480 ​ ​
TDK Corp.
​ ​ ​ ​ 6,837 ​ ​ ​ ​ ​ 214,123 ​ ​
Teijin Ltd.
​ ​ ​ ​ 3,308 ​ ​ ​ ​ ​ 30,045 ​ ​
Terumo Corp.
​ ​ ​ ​ 12,920 ​ ​ ​ ​ ​ 393,246 ​ ​
TIS, Inc.
​ ​ ​ ​ 4,038 ​ ​ ​ ​ ​ 109,076 ​ ​
Tobu Railway Co., Ltd.
​ ​ ​ ​ 3,288 ​ ​ ​ ​ ​ 76,097 ​ ​
​
See notes to financial statements.
94
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG International Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
Toho Gas Co., Ltd.
​ ​ ​ ​ 1,643 ​ ​ ​ ​ $ 30,675 ​ ​
Tokio Marine Holdings, Inc.
​ ​ ​ ​ 33,168 ​ ​ ​ ​ ​ 600,498 ​ ​
Tokyo Century Corp.
​ ​ ​ ​ 687 ​ ​ ​ ​ ​ 23,434 ​ ​
Tokyo Electron Ltd.
​ ​ ​ ​ 2,700 ​ ​ ​ ​ ​ 717,348 ​ ​
Tokyu Corp.
​ ​ ​ ​ 9,621 ​ ​ ​ ​ ​ 111,075 ​ ​
TOPPAN, Inc.
​ ​ ​ ​ 4,833 ​ ​ ​ ​ ​ 72,153 ​ ​
TOTO Ltd.
​ ​ ​ ​ 2,802 ​ ​ ​ ​ ​ 80,119 ​ ​
Toyo Suisan Kaisha Ltd.
​ ​ ​ ​ 1,605 ​ ​ ​ ​ ​ 60,254 ​ ​
Toyota Motor Corp.
​ ​ ​ ​ 196,899 ​ ​ ​ ​ ​ 2,728,250 ​ ​
Tsuruha Holdings, Inc.
​ ​ ​ ​ 697 ​ ​ ​ ​ ​ 40,563 ​ ​
Unicharm Corp.
​ ​ ​ ​ 7,218 ​ ​ ​ ​ ​ 220,083 ​ ​
United Urban Investment Corp.
​ ​ ​ ​ 51 ​ ​ ​ ​ ​ 53,939 ​ ​
USS Co., Ltd.
​ ​ ​ ​ 3,401 ​ ​ ​ ​ ​ 51,415 ​ ​
Welcia Holdings Co., Ltd.
​ ​ ​ ​ 1,677 ​ ​ ​ ​ ​ 35,089 ​ ​
West Japan Railway Co.
​ ​ ​ ​ 3,968 ​ ​ ​ ​ ​ 157,535 ​ ​
Yakult Honsha Co., Ltd.
​ ​ ​ ​ 2,288 ​ ​ ​ ​ ​ 126,842 ​ ​
Yamaha Corp.
​ ​ ​ ​ 2,951 ​ ​ ​ ​ ​ 111,580 ​ ​
Yamaha Motor Co., Ltd.
​ ​ ​ ​ 5,476 ​ ​ ​ ​ ​ 113,105 ​ ​
Yamato Holdings Co., Ltd.
​ ​ ​ ​ 5,573 ​ ​ ​ ​ ​ 82,638 ​ ​
Yaskawa Electric Corp.
​ ​ ​ ​ 4,506 ​ ​ ​ ​ ​ 125,205 ​ ​
Yokohama Rubber Co., Ltd. (The)
​ ​ ​ ​ 2,417 ​ ​ ​ ​ ​ 37,856 ​ ​
ZOZO, Inc.
​ ​ ​ ​ 2,051 ​ ​ ​ ​ ​ 43,674 ​ ​
Total Japan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 41,853,527 ​ ​
Mexico — 0.0%(a) ​
Fresnillo PLC
​ ​ ​ ​ 3,371 ​ ​ ​ ​ ​ 28,294 ​ ​
Netherlands — 6.3% ​
ABN AMRO Bank NV
​ ​ ​ ​ 8,067 ​ ​ ​ ​ ​ 79,379 ​ ​
Adyen NV*
​ ​ ​ ​ 474 ​ ​ ​ ​ ​ 680,509 ​ ​
Akzo Nobel NV
​ ​ ​ ​ 2,961 ​ ​ ​ ​ ​ 182,730 ​ ​
Argenx SE*
​ ​ ​ ​ 970 ​ ​ ​ ​ ​ 376,292 ​ ​
ASM International NV
​ ​ ​ ​ 814 ​ ​ ​ ​ ​ 180,855 ​ ​
ASML Holding NV
​ ​ ​ ​ 7,250 ​ ​ ​ ​ ​ 3,425,118 ​ ​
ING Groep NV
​ ​ ​ ​ 65,957 ​ ​ ​ ​ ​ 648,886 ​ ​
JDE Peet’s NV
​ ​ ​ ​ 1,747 ​ ​ ​ ​ ​ 50,038 ​ ​
Koninklijke Ahold Delhaize NV
​ ​ ​ ​ 18,329 ​ ​ ​ ​ ​ 511,760 ​ ​
Koninklijke DSM NV
​ ​ ​ ​ 3,107 ​ ​ ​ ​ ​ 366,346 ​ ​
Koninklijke KPN NV
​ ​ ​ ​ 58,273 ​ ​ ​ ​ ​ 163,048 ​ ​
NN Group NV
​ ​ ​ ​ 5,013 ​ ​ ​ ​ ​ 212,304 ​ ​
Randstad NV
​ ​ ​ ​ 2,006 ​ ​ ​ ​ ​ 100,004 ​ ​
Shell PLC
​ ​ ​ ​ 133,125 ​ ​ ​ ​ ​ 3,684,676 ​ ​
Universal Music Group NV
​ ​ ​ ​ 17,046 ​ ​ ​ ​ ​ 334,454 ​ ​
Wolters Kluwer NV
​ ​ ​ ​ 4,687 ​ ​ ​ ​ ​ 498,213 ​ ​
Total Netherlands
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 11,494,612 ​ ​
New Zealand — 0.4% ​
Auckland International Airport Ltd.*
​ ​ ​ ​ 21,815 ​ ​ ​ ​ ​ 97,585 ​ ​
Chorus Ltd.
​ ​ ​ ​ 8,152 ​ ​ ​ ​ ​ 39,355 ​ ​
Fisher & Paykel Healthcare Corp., Ltd.
​ ​ ​ ​ 10,397 ​ ​ ​ ​ ​ 118,266 ​ ​
Fletcher Building Ltd.
​ ​ ​ ​ 13,212 ​ ​ ​ ​ ​ 39,452 ​ ​
Mercury NZ Ltd.
​ ​ ​ ​ 11,471 ​ ​ ​ ​ ​ 38,785 ​ ​
Meridian Energy Ltd.
​ ​ ​ ​ 21,112 ​ ​ ​ ​ ​ 59,853 ​ ​
Ryman Healthcare Ltd.
​ ​ ​ ​ 6,737 ​ ​ ​ ​ ​ 32,798 ​ ​
Spark New Zealand Ltd.
​ ​ ​ ​ 33,488 ​ ​ ​ ​ ​ 99,609 ​ ​
Xero Ltd.*
​ ​ ​ ​ 2,385 ​ ​ ​ ​ ​ 119,064 ​ ​
Total New Zealand
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 644,767 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Norway — 1.0% ​
Aker ASA, Class A
​ ​ ​ ​ 394 ​ ​ ​ ​ $ 27,759 ​ ​
Austevoll Seafood ASA
​ ​ ​ ​ 1,581 ​ ​ ​ ​ ​ 11,694 ​ ​
DNB Bank ASA
​ ​ ​ ​ 15,961 ​ ​ ​ ​ ​ 282,473 ​ ​
Entra ASA
​ ​ ​ ​ 992 ​ ​ ​ ​ ​ 9,021 ​ ​
Equinor ASA
​ ​ ​ ​ 17,028 ​ ​ ​ ​ ​ 622,939 ​ ​
Gjensidige Forsikring ASA
​ ​ ​ ​ 3,395 ​ ​ ​ ​ ​ 62,010 ​ ​
Leroy Seafood Group ASA
​ ​ ​ ​ 5,156 ​ ​ ​ ​ ​ 23,705 ​ ​
Mowi ASA
​ ​ ​ ​ 7,355 ​ ​ ​ ​ ​ 109,686 ​ ​
NEL ASA*
​ ​ ​ ​ 28,442 ​ ​ ​ ​ ​ 34,756 ​ ​
Nordic Semiconductor ASA*
​ ​ ​ ​ 3,031 ​ ​ ​ ​ ​ 42,826 ​ ​
Norsk Hydro ASA
​ ​ ​ ​ 24,192 ​ ​ ​ ​ ​ 153,526 ​ ​
Orkla ASA
​ ​ ​ ​ 13,449 ​ ​ ​ ​ ​ 90,757 ​ ​
Schibsted ASA, Class A
​ ​ ​ ​ 1,328 ​ ​ ​ ​ ​ 20,450 ​ ​
Schibsted ASA, Class B
​ ​ ​ ​ 1,694 ​ ​ ​ ​ ​ 25,141 ​ ​
SpareBank 1 SR-Bank ASA
​ ​ ​ ​ 3,167 ​ ​ ​ ​ ​ 32,228 ​ ​
Storebrand ASA
​ ​ ​ ​ 8,326 ​ ​ ​ ​ ​ 64,706 ​ ​
Telenor ASA
​ ​ ​ ​ 11,593 ​ ​ ​ ​ ​ 105,372 ​ ​
TOMRA Systems ASA
​ ​ ​ ​ 4,223 ​ ​ ​ ​ ​ 68,246 ​ ​
Total Norway
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,787,295 ​ ​
Poland — 0.3% ​
Allegro.eu SA*
​ ​ ​ ​ 7,604 ​ ​ ​ ​ ​ 36,973 ​ ​
Bank Polska Kasa Opieki SA
​ ​ ​ ​ 3,226 ​ ​ ​ ​ ​ 53,035 ​ ​
CD Projekt SA
​ ​ ​ ​ 1,258 ​ ​ ​ ​ ​ 33,511 ​ ​
Dino Polska SA*
​ ​ ​ ​ 866 ​ ​ ​ ​ ​ 56,664 ​ ​
InPost SA*
​ ​ ​ ​ 3,733 ​ ​ ​ ​ ​ 23,841 ​ ​
KGHM Polska Miedz SA
​ ​ ​ ​ 2,502 ​ ​ ​ ​ ​ 50,162 ​ ​
mBank SA*
​ ​ ​ ​ 243 ​ ​ ​ ​ ​ 13,629 ​ ​
Polski Koncern Naftowy ORLEN SA
​ ​ ​ ​ 7,291 ​ ​ ​ ​ ​ 83,922 ​ ​
Polskie Gornictwo Naftowe I Gazownictwo SA*(b)
​ ​ ​ ​ 29,390 ​ ​ ​ ​ ​ 31,292 ​ ​
Powszechna Kasa Oszczednosci Bank Polski SA
​ ​ ​ ​ 16,136 ​ ​ ​ ​ ​ 88,165 ​ ​
Santander Bank Polska SA
​ ​ ​ ​ 611 ​ ​ ​ ​ ​ 32,552 ​ ​
Total Poland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 503,746 ​ ​
Portugal — 0.2% ​
Banco Comercial Portugues SA,
Class R
​ ​ ​ ​ 134,071 ​ ​ ​ ​ ​ 19,134 ​ ​
EDP — Energias de Portugal SA
​ ​ ​ ​ 50,149 ​ ​ ​ ​ ​ 219,324 ​ ​
Jeronimo Martins SGPS SA
​ ​ ​ ​ 4,994 ​ ​ ​ ​ ​ 103,553 ​ ​
Navigator Co. SA (The)
​ ​ ​ ​ 3,905 ​ ​ ​ ​ ​ 14,890 ​ ​
Total Portugal
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 356,901 ​ ​
Singapore — 1.8% ​
CapitaLand Ascendas REIT
​ ​ ​ ​ 62,291 ​ ​ ​ ​ ​ 115,329 ​ ​
CapitaLand Integrated Commercial
Trust
​ ​ ​ ​ 95,010 ​ ​ ​ ​ ​ 126,223 ​ ​
Capitaland Investment Ltd/Singapore
​ ​ ​ ​ 91,104 ​ ​ ​ ​ ​ 193,784 ​ ​
City Developments Ltd.
​ ​ ​ ​ 9,396 ​ ​ ​ ​ ​ 50,662 ​ ​
DBS Group Holdings Ltd.
​ ​ ​ ​ 32,790 ​ ​ ​ ​ ​ 792,466 ​ ​
Keppel Corp., Ltd.
​ ​ ​ ​ 25,103 ​ ​ ​ ​ ​ 123,643 ​ ​
Mapletree Pan Asia Commercial Trust
​ ​ ​ ​ 36,903 ​ ​ ​ ​ ​ 41,464 ​ ​
Oversea-Chinese Banking Corp., Ltd.
​ ​ ​ ​ 69,252 ​ ​ ​ ​ ​ 593,617 ​ ​
Singapore Exchange Ltd.
​ ​ ​ ​ 14,665 ​ ​ ​ ​ ​ 87,258 ​ ​
Singapore Telecommunications Ltd.
​ ​ ​ ​ 142,454 ​ ​ ​ ​ ​ 251,668 ​ ​
STMicroelectronics NV
​ ​ ​ ​ 11,843 ​ ​ ​ ​ ​ 369,878 ​ ​
​
See notes to financial statements.
95​
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG International Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Singapore (continued) ​
Suntec Real Estate Investment Trust
​ ​ ​ ​ 30,695 ​ ​ ​ ​ $ 27,981 ​ ​
United Overseas Bank Ltd.
​ ​ ​ ​ 25,832 ​ ​ ​ ​ ​ 506,746 ​ ​
UOL Group Ltd.
​ ​ ​ ​ 8,325 ​ ​ ​ ​ ​ 36,416 ​ ​
Total Singapore
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,317,135 ​ ​
South Africa — 0.3% ​
Anglo American PLC
​ ​ ​ ​ 20,552 ​ ​ ​ ​ ​ 617,235 ​ ​
Scatec ASA
​ ​ ​ ​ 2,079 ​ ​ ​ ​ ​ 14,717 ​ ​
Total South Africa
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 631,952 ​ ​
South Korea — 0.0%(a) ​
Delivery Hero SE*(c)
​ ​ ​ ​ 2,780 ​ ​ ​ ​ ​ 91,633 ​ ​
Spain — 2.3% ​
ACS Actividades de Construccion y Servicios SA
​ ​ ​ ​ 4,079 ​ ​ ​ ​ ​ 104,617 ​ ​
Amadeus IT Group SA*
​ ​ ​ ​ 8,141 ​ ​ ​ ​ ​ 424,353 ​ ​
Banco Bilbao Vizcaya Argentaria SA
​ ​ ​ ​ 107,131 ​ ​ ​ ​ ​ 551,543 ​ ​
Cellnex Telecom SA*
​ ​ ​ ​ 10,125 ​ ​ ​ ​ ​ 331,232 ​ ​
EDP Renovaveis SA
​ ​ ​ ​ 4,348 ​ ​ ​ ​ ​ 91,576 ​ ​
Ferrovial SA
​ ​ ​ ​ 8,636 ​ ​ ​ ​ ​ 210,909 ​ ​
Iberdrola SA
​ ​ ​ ​ 110,792 ​ ​ ​ ​ ​ 1,125,123 ​ ​
Industria de Diseno Textil SA(c)
​ ​ ​ ​ 19,986 ​ ​ ​ ​ ​ 453,136 ​ ​
Red Electrica Corp. SA
​ ​ ​ ​ 7,303 ​ ​ ​ ​ ​ 118,013 ​ ​
Repsol SA
​ ​ ​ ​ 23,184 ​ ​ ​ ​ ​ 314,951 ​ ​
Siemens Gamesa Renewable Energy
SA*
​ ​ ​ ​ 4,110 ​ ​ ​ ​ ​ 72,955 ​ ​
Telefonica SA
​ ​ ​ ​ 92,062 ​ ​ ​ ​ ​ 317,097 ​ ​
Total Spain
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,115,505 ​ ​
Sweden — 2.6% ​
AAK AB
​ ​ ​ ​ 3,194 ​ ​ ​ ​ ​ 46,535 ​ ​
Alfa Laval AB
​ ​ ​ ​ 5,216 ​ ​ ​ ​ ​ 128,436 ​ ​
Assa Abloy AB, B Shares
​ ​ ​ ​ 17,590 ​ ​ ​ ​ ​ 354,969 ​ ​
Avanza Bank Holding AB
​ ​ ​ ​ 1,947 ​ ​ ​ ​ ​ 38,850 ​ ​
Axfood AB
​ ​ ​ ​ 2,022 ​ ​ ​ ​ ​ 50,026 ​ ​
Boliden AB
​ ​ ​ ​ 4,795 ​ ​ ​ ​ ​ 139,548 ​ ​
Castellum AB(c)
​ ​ ​ ​ 3,849 ​ ​ ​ ​ ​ 43,992 ​ ​
Electrolux AB, B Shares(c)
​ ​ ​ ​ 4,170 ​ ​ ​ ​ ​ 51,419 ​ ​
Elekta AB, B Shares
​ ​ ​ ​ 6,062 ​ ​ ​ ​ ​ 30,775 ​ ​
Embracer Group AB*(c)
​ ​ ​ ​ 14,260 ​ ​ ​ ​ ​ 68,613 ​ ​
Epiroc AB, A Shares
​ ​ ​ ​ 11,285 ​ ​ ​ ​ ​ 172,638 ​ ​
Epiroc AB, B Shares
​ ​ ​ ​ 6,821 ​ ​ ​ ​ ​ 91,570 ​ ​
EQT AB
​ ​ ​ ​ 6,309 ​ ​ ​ ​ ​ 124,234 ​ ​
Essity AB, B Shares
​ ​ ​ ​ 10,910 ​ ​ ​ ​ ​ 230,433 ​ ​
Fabege AB
​ ​ ​ ​ 4,772 ​ ​ ​ ​ ​ 34,625 ​ ​
H & M Hennes & Mauritz AB, B Shares(c)
​ ​ ​ ​ 13,020 ​ ​ ​ ​ ​ 131,019 ​ ​
Hexagon AB, B Shares
​ ​ ​ ​ 36,254 ​ ​ ​ ​ ​ 358,260 ​ ​
Holmen AB, B Shares
​ ​ ​ ​ 1,651 ​ ​ ​ ​ ​ 59,852 ​ ​
Husqvarna AB, B Shares
​ ​ ​ ​ 7,386 ​ ​ ​ ​ ​ 43,846 ​ ​
Investment AB Latour, B Shares(c)
​ ​ ​ ​ 2,472 ​ ​ ​ ​ ​ 41,776 ​ ​
Kinnevik AB, B Shares*
​ ​ ​ ​ 4,408 ​ ​ ​ ​ ​ 54,450 ​ ​
Nibe Industrier AB, B Shares
​ ​ ​ ​ 28,999 ​ ​ ​ ​ ​ 231,195 ​ ​
Samhallsbyggnadsbolaget i Norden
AB(c)
​ ​ ​ ​ 18,084 ​ ​ ​ ​ ​ 24,842 ​ ​
Samhallsbyggnadsbolaget i Norden AB, D Shares(c)
​ ​ ​ ​ 2,681 ​ ​ ​ ​ ​ 4,406 ​ ​
Securitas AB, B Shares(c)
​ ​ ​ ​ 8,866 ​ ​ ​ ​ ​ 72,482 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Sweden (continued) ​
Skandinaviska Enskilda Banken AB, A Shares
​ ​ ​ ​ 26,485 ​ ​ ​ ​ $ 279,220 ​ ​
Skanska AB, B Shares
​ ​ ​ ​ 6,054 ​ ​ ​ ​ ​ 94,121 ​ ​
SSAB AB, A Shares
​ ​ ​ ​ 4,632 ​ ​ ​ ​ ​ 22,275 ​ ​
SSAB AB, B Shares(c)
​ ​ ​ ​ 11,167 ​ ​ ​ ​ ​ 51,881 ​ ​
Svenska Cellulosa AB SCA, B Shares
​ ​ ​ ​ 10,839 ​ ​ ​ ​ ​ 127,807 ​ ​
Svenska Handelsbanken AB, A Shares
​ ​ ​ ​ 25,866 ​ ​ ​ ​ ​ 240,275 ​ ​
Svenska Handelsbanken AB,
B Shares(c)
​ ​ ​ ​ 636 ​ ​ ​ ​ ​ 6,953 ​ ​
Sweco AB, B Shares
​ ​ ​ ​ 3,694 ​ ​ ​ ​ ​ 27,746 ​ ​
Swedbank AB, A Shares
​ ​ ​ ​ 19,749 ​ ​ ​ ​ ​ 294,257 ​ ​
Tele2 AB, B Shares(c)
​ ​ ​ ​ 9,050 ​ ​ ​ ​ ​ 74,133 ​ ​
Telia Co. AB(c)
​ ​ ​ ​ 39,541 ​ ​ ​ ​ ​ 104,663 ​ ​
Thule Group AB
​ ​ ​ ​ 1,900 ​ ​ ​ ​ ​ 37,414 ​ ​
Trelleborg AB, B Shares
​ ​ ​ ​ 4,342 ​ ​ ​ ​ ​ 95,599 ​ ​
Vitrolife AB
​ ​ ​ ​ 1,407 ​ ​ ​ ​ ​ 22,740 ​ ​
Volvo AB, A Shares
​ ​ ​ ​ 3,478 ​ ​ ​ ​ ​ 59,360 ​ ​
Volvo AB, B Shares
​ ​ ​ ​ 26,485 ​ ​ ​ ​ ​ 433,330 ​ ​
Wallenstam AB, B Shares(c)
​ ​ ​ ​ 6,544 ​ ​ ​ ​ ​ 23,084 ​ ​
Total Sweden
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,623,649 ​ ​
Switzerland — 4.5% ​
Alcon, Inc.
​ ​ ​ ​ 8,864 ​ ​ ​ ​ ​ 539,767 ​ ​
Geberit AG
​ ​ ​ ​ 625 ​ ​ ​ ​ ​ 278,104 ​ ​
Givaudan SA
​ ​ ​ ​ 144 ​ ​ ​ ​ ​ 430,237 ​ ​
Kuehne + Nagel International AG
​ ​ ​ ​ 922 ​ ​ ​ ​ ​ 196,607 ​ ​
Lonza Group AG
​ ​ ​ ​ 1,344 ​ ​ ​ ​ ​ 692,179 ​ ​
Novartis AG
​ ​ ​ ​ 40,903 ​ ​ ​ ​ ​ 3,306,573 ​ ​
Partners Group Holding AG
​ ​ ​ ​ 397 ​ ​ ​ ​ ​ 356,794 ​ ​
Schindler Holding AG — Participating Certificate
​ ​ ​ ​ 736 ​ ​ ​ ​ ​ 120,062 ​ ​
Schindler Holding AG — Registered
​ ​ ​ ​ 355 ​ ​ ​ ​ ​ 55,906 ​ ​
SGS SA
​ ​ ​ ​ 110 ​ ​ ​ ​ ​ 242,808 ​ ​
Sika AG
​ ​ ​ ​ 2,779 ​ ​ ​ ​ ​ 627,028 ​ ​
Swisscom AG
​ ​ ​ ​ 459 ​ ​ ​ ​ ​ 226,714 ​ ​
Zurich Insurance Group AG
​ ​ ​ ​ 2,722 ​ ​ ​ ​ ​ 1,162,239 ​ ​
Total Switzerland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,235,018 ​ ​
United Kingdom — 10.8% ​
3i Group PLC
​ ​ ​ ​ 17,300 ​ ​ ​ ​ ​ 231,151 ​ ​
abrdn PLC
​ ​ ​ ​ 39,875 ​ ​ ​ ​ ​ 72,997 ​ ​
Admiral Group PLC
​ ​ ​ ​ 4,374 ​ ​ ​ ​ ​ 101,576 ​ ​
Ashtead Group PLC
​ ​ ​ ​ 7,976 ​ ​ ​ ​ ​ 417,832 ​ ​
Associated British Foods PLC
​ ​ ​ ​ 6,506 ​ ​ ​ ​ ​ 101,086 ​ ​
AstraZeneca PLC
​ ​ ​ ​ 27,130 ​ ​ ​ ​ ​ 3,202,936 ​ ​
Auto Trader Group PLC
​ ​ ​ ​ 16,907 ​ ​ ​ ​ ​ 101,533 ​ ​
AVEVA Group PLC
​ ​ ​ ​ 2,017 ​ ​ ​ ​ ​ 72,455 ​ ​
Aviva PLC
​ ​ ​ ​ 50,157 ​ ​ ​ ​ ​ 241,444 ​ ​
Barratt Developments PLC
​ ​ ​ ​ 18,670 ​ ​ ​ ​ ​ 80,866 ​ ​
Berkeley Group Holdings PLC
​ ​ ​ ​ 1,909 ​ ​ ​ ​ ​ 76,290 ​ ​
BP PLC
​ ​ ​ ​ 315,173 ​ ​ ​ ​ ​ 1,741,063 ​ ​
British Land Co. PLC (The)
​ ​ ​ ​ 16,083 ​ ​ ​ ​ ​ 67,754 ​ ​
BT Group PLC
​ ​ ​ ​ 125,485 ​ ​ ​ ​ ​ 187,530 ​ ​
Bunzl PLC
​ ​ ​ ​ 6,103 ​ ​ ​ ​ ​ 199,627 ​ ​
Burberry Group PLC
​ ​ ​ ​ 7,191 ​ ​ ​ ​ ​ 150,270 ​ ​
CK Hutchison Holdings Ltd.
​ ​ ​ ​ 47,971 ​ ​ ​ ​ ​ 238,332 ​ ​
Coca-Cola Europacific Partners PLC
​ ​ ​ ​ 2,771 ​ ​ ​ ​ ​ 130,376 ​ ​
Compass Group PLC
​ ​ ​ ​ 32,106 ​ ​ ​ ​ ​ 678,863 ​ ​
​
See notes to financial statements.
96
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG International Equity ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United Kingdom (continued) ​
ConvaTec Group PLC
​ ​ ​ ​ 29,661 ​ ​ ​ ​ $ 74,447 ​ ​
Croda International PLC
​ ​ ​ ​ 2,521 ​ ​ ​ ​ ​ 196,212 ​ ​
DCC PLC
​ ​ ​ ​ 1,726 ​ ​ ​ ​ ​ 96,181 ​ ​
Direct Line Insurance Group PLC
​ ​ ​ ​ 23,706 ​ ​ ​ ​ ​ 55,079 ​ ​
DS Smith PLC
​ ​ ​ ​ 24,886 ​ ​ ​ ​ ​ 83,149 ​ ​
Experian PLC
​ ​ ​ ​ 16,634 ​ ​ ​ ​ ​ 531,261 ​ ​
Farfetch Ltd., Class A*
​ ​ ​ ​ 5,832 ​ ​ ​ ​ ​ 49,455 ​ ​
Halma PLC
​ ​ ​ ​ 6,835 ​ ​ ​ ​ ​ 166,439 ​ ​
Hargreaves Lansdown PLC
​ ​ ​ ​ 6,432 ​ ​ ​ ​ ​ 56,518 ​ ​
Informa PLC
​ ​ ​ ​ 26,294 ​ ​ ​ ​ ​ 168,199 ​ ​
InterContinental Hotels Group PLC
​ ​ ​ ​ 3,198 ​ ​ ​ ​ ​ 172,907 ​ ​
Intermediate Capital Group PLC
​ ​ ​ ​ 5,282 ​ ​ ​ ​ ​ 64,584 ​ ​
Intertek Group PLC
​ ​ ​ ​ 2,910 ​ ​ ​ ​ ​ 122,424 ​ ​
ITV PLC
​ ​ ​ ​ 66,315 ​ ​ ​ ​ ​ 51,155 ​ ​
J Sainsbury PLC
​ ​ ​ ​ 36,591 ​ ​ ​ ​ ​ 81,898 ​ ​
Johnson Matthey PLC
​ ​ ​ ​ 3,311 ​ ​ ​ ​ ​ 73,745 ​ ​
Kingfisher PLC
​ ​ ​ ​ 36,002 ​ ​ ​ ​ ​ 90,736 ​ ​
Land Securities Group PLC
​ ​ ​ ​ 13,397 ​ ​ ​ ​ ​ 87,982 ​ ​
Legal & General Group PLC
​ ​ ​ ​ 108,032 ​ ​ ​ ​ ​ 289,686 ​ ​
Lloyds Banking Group PLC
​ ​ ​ ​ 1,243,224 ​ ​ ​ ​ ​ 601,465 ​ ​
London Stock Exchange Group PLC
​ ​ ​ ​ 6,621 ​ ​ ​ ​ ​ 576,760 ​ ​
M&G PLC
​ ​ ​ ​ 46,236 ​ ​ ​ ​ ​ 93,265 ​ ​
Melrose Industries PLC
​ ​ ​ ​ 75,891 ​ ​ ​ ​ ​ 102,143 ​ ​
National Grid PLC
​ ​ ​ ​ 66,116 ​ ​ ​ ​ ​ 721,944 ​ ​
NatWest Group PLC
​ ​ ​ ​ 89,486 ​ ​ ​ ​ ​ 241,913 ​ ​
Next PLC
​ ​ ​ ​ 2,250 ​ ​ ​ ​ ​ 127,687 ​ ​
Pearson PLC
​ ​ ​ ​ 13,323 ​ ​ ​ ​ ​ 147,319 ​ ​
Phoenix Group Holdings PLC
​ ​ ​ ​ 13,649 ​ ​ ​ ​ ​ 85,237 ​ ​
Reckitt Benckiser Group PLC
​ ​ ​ ​ 12,963 ​ ​ ​ ​ ​ 862,658 ​ ​
RELX PLC
​ ​ ​ ​ 34,807 ​ ​ ​ ​ ​ 938,152 ​ ​
Rentokil Initial PLC
​ ​ ​ ​ 33,682 ​ ​ ​ ​ ​ 211,116 ​ ​
Rightmove PLC
​ ​ ​ ​ 15,113 ​ ​ ​ ​ ​ 85,575 ​ ​
Sage Group PLC (The)
​ ​ ​ ​ 18,373 ​ ​ ​ ​ ​ 153,745 ​ ​
Schroders PLC
​ ​ ​ ​ 13,284 ​ ​ ​ ​ ​ 59,908 ​ ​
Segro PLC
​ ​ ​ ​ 21,823 ​ ​ ​ ​ ​ 197,237 ​ ​
Severn Trent PLC
​ ​ ​ ​ 4,564 ​ ​ ​ ​ ​ 131,526 ​ ​
Spirax-Sarco Engineering PLC
​ ​ ​ ​ 1,330 ​ ​ ​ ​ ​ 164,613 ​ ​
St James’s Place PLC
​ ​ ​ ​ 9,878 ​ ​ ​ ​ ​ 121,122 ​ ​
Taylor Wimpey PLC
​ ​ ​ ​ 62,121 ​ ​ ​ ​ ​ 67,074 ​ ​
Unilever PLC
​ ​ ​ ​ 45,370 ​ ​ ​ ​ ​ 2,076,139 ​ ​
United Utilities Group PLC
​ ​ ​ ​ 12,332 ​ ​ ​ ​ ​ 133,380 ​ ​
Vodafone Group PLC
​ ​ ​ ​ 506,849 ​ ​ ​ ​ ​ 593,128 ​ ​
Weir Group PLC (The)
​ ​ ​ ​ 4,744 ​ ​ ​ ​ ​ 83,159 ​ ​
Whitbread PLC
​ ​ ​ ​ 3,650 ​ ​ ​ ​ ​ 108,086 ​ ​
Wise PLC, Class A*
​ ​ ​ ​ 8,032 ​ ​ ​ ​ ​ 61,497 ​ ​
WPP PLC
​ ​ ​ ​ 19,728 ​ ​ ​ ​ ​ 173,987 ​ ​
Total United Kingdom
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 19,525,873 ​ ​
United States — 8.7% ​
Computershare Ltd.
​ ​ ​ ​ 9,626 ​ ​ ​ ​ ​ 155,546 ​ ​
CSL Ltd.
​ ​ ​ ​ 8,690 ​ ​ ​ ​ ​ 1,558,581 ​ ​
CyberArk Software Ltd.*
​ ​ ​ ​ 737 ​ ​ ​ ​ ​ 115,643 ​ ​
Ferguson PLC
​ ​ ​ ​ 3,871 ​ ​ ​ ​ ​ 423,847 ​ ​
GSK PLC
​ ​ ​ ​ 73,690 ​ ​ ​ ​ ​ 1,212,230 ​ ​
James Hardie Industries PLC
​ ​ ​ ​ 8,057 ​ ​ ​ ​ ​ 175,170 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United States (continued) ​
Nestle SA
​ ​ ​ ​ 49,445 ​ ​ ​ ​ $ 5,387,442 ​ ​
Roche Holding AG
​ ​ ​ ​ 477 ​ ​ ​ ​ ​ 193,612 ​ ​
Roche Holding AG
​ ​ ​ ​ 12,728 ​ ​ ​ ​ ​ 4,229,524 ​ ​
Schneider Electric SE
​ ​ ​ ​ 10,076 ​ ​ ​ ​ ​ 1,277,288 ​ ​
Sinch AB*(c)
​ ​ ​ ​ 10,547 ​ ​ ​ ​ ​ 24,811 ​ ​
Stellantis NV*
​ ​ ​ ​ 38,940 ​ ​ ​ ​ ​ 525,722 ​ ​
Swiss Re AG
​ ​ ​ ​ 5,216 ​ ​ ​ ​ ​ 387,780 ​ ​
Tenaris SA
​ ​ ​ ​ 8,429 ​ ​ ​ ​ ​ 130,835 ​ ​
Total United States
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 15,798,031 ​ ​
Total Common Stocks
(Cost $201,393,152)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 179,515,180 ​ ​
Preferred Stocks — 0.5% ​
Germany — 0.5% ​
Bayerische Motoren Werke AG, 7.74%
​ ​ ​ ​ 1,029 ​ ​ ​ ​ ​ 75,971 ​ ​
Henkel AG & Co. KGaA, 2.96%
​ ​ ​ ​ 3,117 ​ ​ ​ ​ ​ 196,486 ​ ​
Sartorius AG, 0.37%
​ ​ ​ ​ 488 ​ ​ ​ ​ ​ 172,234 ​ ​
Volkswagen AG, 5.79%
​ ​ ​ ​ 3,312 ​ ​ ​ ​ ​ 423,382 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 868,073 ​ ​
Total Preferred Stocks
(Cost $1,141,182)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 868,073 ​ ​
Short-Term Investments — 0.6% ​
Money Market Funds — 0.6% ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(d)(e)
​ ​ ​ ​ 958,587 ​ ​ ​ ​ ​ 958,587 ​ ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(d)
​ ​ ​ ​ 186,701 ​ ​ ​ ​ ​ 186,701 ​ ​
Total Short-Term Investments
(Cost $1,145,288)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,145,288 ​ ​
Total Investments — 100.1%
(Cost $203,679,622)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 181,528,541 ​ ​
Other Assets and Liabilities,
Net — (0.1)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (315,627) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 181,212,914 ​ ​
​
​
*
Non-income producing securities.
​
(a)
Less than 0.05%.
​
(b)
Security is fair valued as determined in good faith in accordance with the procedures established by the Board of Trustees. The security is fair valued using significant unobservable inputs.
​
(c)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $1,169,902; total market value of collateral held by the Fund was $1,239,718. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of  $281,131.
​
(d)
Reflects the 1-day yield at October 31, 2022.
​
(e)
Represents security purchased with cash collateral received for securities on loan.
​
​
See notes to financial statements.
97​
TABLE OF CONTENTS
Schedule of Investments — IQ Candriam ESG International Equity ETF (continued)
​
October 31, 2022 (unaudited)
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​
Investments in Securities:(f) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 179,472,437 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 42,743(g) ​ ​ ​ ​ $ 179,515,180 ​ ​
Preferred Stocks
​ ​ ​ ​ 868,073 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 868,073 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 1,145,288 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,145,288 ​ ​
Total Investments in Securities
​ ​ ​ $ 181,485,798 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 42,743 ​ ​ ​ ​ $ 181,528,541 ​ ​
​
(f)
For a complete listing of investments and their countries, see the Schedule of Investments.
​
(g)
The Level 3 securities, valued in total at $42,743, have been fair valued in good faith in accordance with procedures established by the Board of Trustees.
​
A reconciliation of assets in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the beginning and/or end of the period.
See notes to financial statements.
98
TABLE OF CONTENTS​
Schedule of Investments — IQ Healthy Hearts ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.9% ​
Australia — 0.4% ​
Ramsay Health Care Ltd.
​ ​ ​ ​ 809 ​ ​ ​ ​ $ 30,299 ​ ​
China — 0.5% ​
China Traditional Chinese Medicine Holdings Co., Ltd.
​ ​ ​ ​ 95,559 ​ ​ ​ ​ ​ 41,268 ​ ​
Denmark — 2.8% ​
Novo Nordisk A/S, Class B
​ ​ ​ ​ 1,985 ​ ​ ​ ​ ​ 215,852 ​ ​
France — 2.1% ​
Danone SA
​ ​ ​ ​ 779 ​ ​ ​ ​ ​ 38,758 ​ ​
Sanofi
​ ​ ​ ​ 1,391 ​ ​ ​ ​ ​ 120,060 ​ ​
Total France
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 158,818 ​ ​
Germany — 1.7% ​
adidas AG
​ ​ ​ ​ 261 ​ ​ ​ ​ ​ 25,533 ​ ​
Fresenius SE & Co. KGaA
​ ​ ​ ​ 1,601 ​ ​ ​ ​ ​ 36,869 ​ ​
Puma SE
​ ​ ​ ​ 640 ​ ​ ​ ​ ​ 28,344 ​ ​
Siemens Healthineers AG
​ ​ ​ ​ 820 ​ ​ ​ ​ ​ 37,750 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 128,496 ​ ​
Ireland — 0.5% ​
Glanbia PLC
​ ​ ​ ​ 3,093 ​ ​ ​ ​ ​ 35,736 ​ ​
Italy — 0.5% ​
Moncler SpA
​ ​ ​ ​ 871 ​ ​ ​ ​ ​ 37,610 ​ ​
Japan — 1.9% ​
Asahi Intecc Co., Ltd.
​ ​ ​ ​ 2,122 ​ ​ ​ ​ ​ 36,177 ​ ​
Asics Corp.
​ ​ ​ ​ 2,104 ​ ​ ​ ​ ​ 32,331 ​ ​
Nihon Kohden Corp.
​ ​ ​ ​ 1,733 ​ ​ ​ ​ ​ 38,884 ​ ​
Shimano, Inc.
​ ​ ​ ​ 220 ​ ​ ​ ​ ​ 34,154 ​ ​
Total Japan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 141,546 ​ ​
Malaysia — 0.5% ​
IHH Healthcare Bhd
​ ​ ​ ​ 27,759 ​ ​ ​ ​ ​ 34,934 ​ ​
Netherlands — 0.3% ​
Basic-Fit NV*(a)
​ ​ ​ ​ 1,025 ​ ​ ​ ​ ​ 25,833 ​ ​
South Korea — 0.5% ​
Fila Holdings Corp.
​ ​ ​ ​ 1,689 ​ ​ ​ ​ ​ 38,773 ​ ​
Spain — 0.4% ​
Fluidra SA
​ ​ ​ ​ 2,474 ​ ​ ​ ​ ​ 33,572 ​ ​
Sweden — 1.0% ​
Getinge AB, B Shares
​ ​ ​ ​ 2,051 ​ ​ ​ ​ ​ 41,631 ​ ​
Thule Group AB
​ ​ ​ ​ 1,641 ​ ​ ​ ​ ​ 32,314 ​ ​
Total Sweden
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 73,945 ​ ​
Switzerland — 3.3% ​
Mediclinic International PLC
​ ​ ​ ​ 6,799 ​ ​ ​ ​ ​ 38,827 ​ ​
Novartis AG
​ ​ ​ ​ 2,622 ​ ​ ​ ​ ​ 211,961 ​ ​
Total Switzerland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 250,788 ​ ​
Taiwan — 1.2% ​
Feng TAY Enterprise Co., Ltd.
​ ​ ​ ​ 6,895 ​ ​ ​ ​ ​ 34,344 ​ ​
Giant Manufacturing Co., Ltd.
​ ​ ​ ​ 4,757 ​ ​ ​ ​ ​ 30,338 ​ ​
Merida Industry Co., Ltd.
​ ​ ​ ​ 5,365 ​ ​ ​ ​ ​ 29,304 ​ ​
Total Taiwan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 93,986 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Thailand — 1.0% ​
Bangkok Dusit Medical Services PCL
​ ​ ​ ​ 50,920 ​ ​ ​ ​ $ 39,468 ​ ​
Bumrungrad Hospital PCL
​ ​ ​ ​ 6,601 ​ ​ ​ ​ ​ 39,370 ​ ​
Total Thailand
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 78,838 ​ ​
United Kingdom — 5.0% ​
AstraZeneca PLC
​ ​ ​ ​ 2,969 ​ ​ ​ ​ ​ 350,517 ​ ​
Frasers Group PLC*
​ ​ ​ ​ 4,144 ​ ​ ​ ​ ​ 30,893 ​ ​
Total United Kingdom
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 381,410 ​ ​
United States — 76.3% ​
Abbott Laboratories
​ ​ ​ ​ 2,184 ​ ​ ​ ​ ​ 216,085 ​ ​
ABIOMED, Inc.*
​ ​ ​ ​ 154 ​ ​ ​ ​ ​ 38,820 ​ ​
Acadia Healthcare Co., Inc.*
​ ​ ​ ​ 479 ​ ​ ​ ​ ​ 38,943 ​ ​
Alphabet, Inc., Class A*
​ ​ ​ ​ 3,605 ​ ​ ​ ​ ​ 340,709 ​ ​
Apple, Inc.
​ ​ ​ ​ 2,431 ​ ​ ​ ​ ​ 372,770 ​ ​
Boston Scientific Corp.*
​ ​ ​ ​ 1,795 ​ ​ ​ ​ ​ 77,382 ​ ​
Bristol-Myers Squibb Co.
​ ​ ​ ​ 2,682 ​ ​ ​ ​ ​ 207,775 ​ ​
Centene Corp.*
​ ​ ​ ​ 712 ​ ​ ​ ​ ​ 60,613 ​ ​
Cytokinetics, Inc.*(a)
​ ​ ​ ​ 780 ​ ​ ​ ​ ​ 34,055 ​ ​
Edwards Lifesciences Corp.*
​ ​ ​ ​ 773 ​ ​ ​ ​ ​ 55,988 ​ ​
Elevance Health, Inc.
​ ​ ​ ​ 300 ​ ​ ​ ​ ​ 164,031 ​ ​
Eli Lilly & Co.
​ ​ ​ ​ 1,261 ​ ​ ​ ​ ​ 456,595 ​ ​
Encompass Health Corp.
​ ​ ​ ​ 813 ​ ​ ​ ​ ​ 44,260 ​ ​
Garmin Ltd.
​ ​ ​ ​ 433 ​ ​ ​ ​ ​ 38,121 ​ ​
General Mills, Inc.
​ ​ ​ ​ 747 ​ ​ ​ ​ ​ 60,940 ​ ​
Hanesbrands, Inc.(a)
​ ​ ​ ​ 4,378 ​ ​ ​ ​ ​ 29,858 ​ ​
HCA Healthcare, Inc.
​ ​ ​ ​ 270 ​ ​ ​ ​ ​ 58,717 ​ ​
Healthcare Services Group, Inc.(a)
​ ​ ​ ​ 2,803 ​ ​ ​ ​ ​ 39,130 ​ ​
Inari Medical, Inc.*(a)
​ ​ ​ ​ 553 ​ ​ ​ ​ ​ 42,542 ​ ​
Ionis Pharmaceuticals, Inc.*
​ ​ ​ ​ 939 ​ ​ ​ ​ ​ 41,504 ​ ​
Johnson & Johnson
​ ​ ​ ​ 2,422 ​ ​ ​ ​ ​ 421,355 ​ ​
Kellogg Co.
​ ​ ​ ​ 539 ​ ​ ​ ​ ​ 41,406 ​ ​
Lantheus Holdings, Inc.*
​ ​ ​ ​ 486 ​ ​ ​ ​ ​ 35,959 ​ ​
LivaNova PLC*
​ ​ ​ ​ 614 ​ ​ ​ ​ ​ 28,919 ​ ​
Medical Properties Trust, Inc.
​ ​ ​ ​ 2,644 ​ ​ ​ ​ ​ 30,274 ​ ​
Medifast, Inc.
​ ​ ​ ​ 295 ​ ​ ​ ​ ​ 34,512 ​ ​
Medtronic PLC
​ ​ ​ ​ 1,669 ​ ​ ​ ​ ​ 145,770 ​ ​
Merck & Co., Inc.
​ ​ ​ ​ 4,457 ​ ​ ​ ​ ​ 451,048 ​ ​
Merit Medical Systems, Inc.*
​ ​ ​ ​ 663 ​ ​ ​ ​ ​ 45,595 ​ ​
Molina Healthcare, Inc.*
​ ​ ​ ​ 118 ​ ​ ​ ​ ​ 42,345 ​ ​
Nestle SA
​ ​ ​ ​ 3,317 ​ ​ ​ ​ ​ 361,415 ​ ​
NIKE, Inc., Class B
​ ​ ​ ​ 1,569 ​ ​ ​ ​ ​ 145,415 ​ ​
Peloton Interactive, Inc., Class A*(a)
​ ​ ​ ​ 3,730 ​ ​ ​ ​ ​ 31,332 ​ ​
Pentair PLC
​ ​ ​ ​ 857 ​ ​ ​ ​ ​ 36,808 ​ ​
Penumbra, Inc.*
​ ​ ​ ​ 239 ​ ​ ​ ​ ​ 40,981 ​ ​
Pfizer, Inc.
​ ​ ​ ​ 8,497 ​ ​ ​ ​ ​ 395,535 ​ ​
Planet Fitness, Inc., Class A*
​ ​ ​ ​ 533 ​ ​ ​ ​ ​ 34,901 ​ ​
Pool Corp.
​ ​ ​ ​ 113 ​ ​ ​ ​ ​ 34,378 ​ ​
Select Medical Holdings Corp.
​ ​ ​ ​ 1,494 ​ ​ ​ ​ ​ 38,366 ​ ​
Shockwave Medical, Inc.*(a)
​ ​ ​ ​ 131 ​ ​ ​ ​ ​ 38,403 ​ ​
Tenet Healthcare Corp.*
​ ​ ​ ​ 659 ​ ​ ​ ​ ​ 29,233 ​ ​
Thermo Fisher Scientific, Inc.
​ ​ ​ ​ 706 ​ ​ ​ ​ ​ 362,863 ​ ​
Under Armour, Inc., Class A*
​ ​ ​ ​ 4,534 ​ ​ ​ ​ ​ 33,778 ​ ​
United Therapeutics Corp.*
​ ​ ​ ​ 185 ​ ​ ​ ​ ​ 42,648 ​ ​
UnitedHealth Group, Inc.
​ ​ ​ ​ 752 ​ ​ ​ ​ ​ 417,473 ​ ​
Vail Resorts, Inc.
​ ​ ​ ​ 174 ​ ​ ​ ​ ​ 38,129 ​ ​
VF Corp.
​ ​ ​ ​ 962 ​ ​ ​ ​ ​ 27,177 ​ ​
​
See notes to financial statements.
99​
TABLE OF CONTENTS
Schedule of Investments — IQ Healthy Hearts ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United States (continued) ​
YETI Holdings, Inc.*
​ ​ ​ ​ 1,039 ​ ​ ​ ​ $ 33,331 ​ ​
Total United States
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,838,187 ​ ​
Total Common Stocks
(Cost $7,815,827)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,639,891 ​ ​
Short-Term Investment — 0.3% ​
Money Market Fund — 0.3% ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(b)(c)
(Cost $25,172)
​ ​ ​ ​ 25,172 ​ ​ ​ ​
​
25,172
 ​ ​
Total Investments — 100.2% ​
(Cost $7,840,999)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 7,665,063 ​ ​
Other Assets and Liabilities,
Net — (0.2)%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17,261) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 7,647,802 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $212,623; total market value of collateral held by the Fund was $216,239. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $191,067.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(d) ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 7,639,891 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 7,639,891 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 25,172 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 25,172 ​ ​
Total Investments in Securities
​ ​ ​ $ 7,665,063 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 7,665,063 ​ ​
​
(d)
For a complete listing of investments and their countries, see the Schedule of Investments.
​
For the period ended October 31, 2022 the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.
See notes to financial statements.
100
TABLE OF CONTENTS​
Schedule of Investments — IQ Engender Equality ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.8% ​
Communication Services — 8.3% ​
AT&T, Inc.
​ ​ ​ ​ 4,266 ​ ​ ​ ​ $ 77,769 ​ ​
Match Group, Inc.*
​ ​ ​ ​ 1,290 ​ ​ ​ ​ ​ 55,728 ​ ​
Meta Platforms, Inc., Class A*
​ ​ ​ ​ 488 ​ ​ ​ ​ ​ 45,462 ​ ​
Omnicom Group, Inc.
​ ​ ​ ​ 1,066 ​ ​ ​ ​ ​ 77,552 ​ ​
Paramount Global, Class B(a)
​ ​ ​ ​ 3,142 ​ ​ ​ ​ ​ 57,561 ​ ​
Spotify Technology SA*
​ ​ ​ ​ 712 ​ ​ ​ ​ ​ 57,373 ​ ​
Verizon Communications, Inc.
​ ​ ​ ​ 1,731 ​ ​ ​ ​ ​ 64,688 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 436,133 ​ ​
Consumer Discretionary — 11.5% ​
eBay, Inc.
​ ​ ​ ​ 1,700 ​ ​ ​ ​ ​ 67,728 ​ ​
Etsy, Inc.*
​ ​ ​ ​ 661 ​ ​ ​ ​ ​ 62,075 ​ ​
Ford Motor Co.
​ ​ ​ ​ 4,852 ​ ​ ​ ​ ​ 64,871 ​ ​
General Motors Co.
​ ​ ​ ​ 1,787 ​ ​ ​ ​ ​ 70,140 ​ ​
Hilton Worldwide Holdings, Inc.
​ ​ ​ ​ 546 ​ ​ ​ ​ ​ 73,852 ​ ​
Marriott International, Inc., Class A
​ ​ ​ ​ 461 ​ ​ ​ ​ ​ 73,811 ​ ​
Starbucks Corp.
​ ​ ​ ​ 782 ​ ​ ​ ​ ​ 67,713 ​ ​
Under Armour, Inc., Class A*
​ ​ ​ ​ 8,553 ​ ​ ​ ​ ​ 63,720 ​ ​
Yum China Holdings, Inc.
​ ​ ​ ​ 1,435 ​ ​ ​ ​ ​ 59,337 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 603,247 ​ ​
Consumer Staples — 11.4% ​
Campbell Soup Co.
​ ​ ​ ​ 1,498 ​ ​ ​ ​ ​ 79,259 ​ ​
Coca-Cola Co. (The)
​ ​ ​ ​ 1,199 ​ ​ ​ ​ ​ 71,760 ​ ​
General Mills, Inc.
​ ​ ​ ​ 949 ​ ​ ​ ​ ​ 77,420 ​ ​
Hershey Co. (The)
​ ​ ​ ​ 325 ​ ​ ​ ​ ​ 77,600 ​ ​
J M Smucker Co. (The)
​ ​ ​ ​ 514 ​ ​ ​ ​ ​ 77,439 ​ ​
Kimberly-Clark Corp.
​ ​ ​ ​ 585 ​ ​ ​ ​ ​ 72,809 ​ ​
Mondelez International, Inc., Class A
​ ​ ​ ​ 1,184 ​ ​ ​ ​ ​ 72,792 ​ ​
Procter & Gamble Co. (The)
​ ​ ​ ​ 516 ​ ​ ​ ​ ​ 69,490 ​ ​
Total Consumer Staples
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 598,569 ​ ​
Financials — 16.8% ​
American Express Co.
​ ​ ​ ​ 467 ​ ​ ​ ​ ​ 69,326 ​ ​
Bank of America Corp.
​ ​ ​ ​ 2,093 ​ ​ ​ ​ ​ 75,432 ​ ​
BlackRock, Inc.
​ ​ ​ ​ 114 ​ ​ ​ ​ ​ 73,634 ​ ​
Citigroup, Inc.
​ ​ ​ ​ 1,484 ​ ​ ​ ​ ​ 68,056 ​ ​
Goldman Sachs Group, Inc. (The)
​ ​ ​ ​ 219 ​ ​ ​ ​ ​ 75,448 ​ ​
JPMorgan Chase & Co.
​ ​ ​ ​ 610 ​ ​ ​ ​ ​ 76,787 ​ ​
MetLife, Inc.
​ ​ ​ ​ 1,097 ​ ​ ​ ​ ​ 80,311 ​ ​
Moody’s Corp.
​ ​ ​ ​ 255 ​ ​ ​ ​ ​ 67,542 ​ ​
Raymond James Financial, Inc.
​ ​ ​ ​ 668 ​ ​ ​ ​ ​ 78,917 ​ ​
S&P Global, Inc.
​ ​ ​ ​ 206 ​ ​ ​ ​ ​ 66,177 ​ ​
Wells Fargo & Co.
​ ​ ​ ​ 1,625 ​ ​ ​ ​ ​ 74,734 ​ ​
Willis Towers Watson PLC
​ ​ ​ ​ 347 ​ ​ ​ ​ ​ 75,719 ​ ​
Total Financials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 882,083 ​ ​
Health Care — 15.1% ​
Amgen, Inc.
​ ​ ​ ​ 309 ​ ​ ​ ​ ​ 83,538 ​ ​
Biogen, Inc.*
​ ​ ​ ​ 343 ​ ​ ​ ​ ​ 97,220 ​ ​
BioMarin Pharmaceutical, Inc.*
​ ​ ​ ​ 810 ​ ​ ​ ​ ​ 70,170 ​ ​
Boston Scientific Corp.*
​ ​ ​ ​ 1,713 ​ ​ ​ ​ ​ 73,847 ​ ​
Bristol-Myers Squibb Co.
​ ​ ​ ​ 999 ​ ​ ​ ​ ​ 77,393 ​ ​
Halozyme Therapeutics, Inc.*
​ ​ ​ ​ 1,702 ​ ​ ​ ​ ​ 81,373 ​ ​
Illumina, Inc.*
​ ​ ​ ​ 357 ​ ​ ​ ​ ​ 81,689 ​ ​
Merck & Co., Inc.
​ ​ ​ ​ 814 ​ ​ ​ ​ ​ 82,377 ​ ​
Vertex Pharmaceuticals, Inc.*
​ ​ ​ ​ 247 ​ ​ ​ ​ ​ 77,064 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Health Care (continued) ​
Zoetis, Inc.
​ ​ ​ ​ 454 ​ ​ ​ ​ $ 68,454 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 793,125 ​ ​
Industrials — 7.6% ​
Cummins, Inc.
​ ​ ​ ​ 338 ​ ​ ​ ​ ​ 82,645 ​ ​
Lyft, Inc., Class A*
​ ​ ​ ​ 4,389 ​ ​ ​ ​ ​ 64,255 ​ ​
Robert Half International, Inc.
​ ​ ​ ​ 931 ​ ​ ​ ​ ​ 71,184 ​ ​
Sunrun, Inc.*
​ ​ ​ ​ 1,925 ​ ​ ​ ​ ​ 43,332 ​ ​
Uber Technologies, Inc.*
​ ​ ​ ​ 2,237 ​ ​ ​ ​ ​ 59,437 ​ ​
Xylem, Inc.
​ ​ ​ ​ 766 ​ ​ ​ ​ ​ 78,461 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 399,314 ​ ​
Information Technology — 17.0% ​
Accenture PLC, Class A
​ ​ ​ ​ 262 ​ ​ ​ ​ ​ 74,382 ​ ​
Adobe, Inc.*
​ ​ ​ ​ 238 ​ ​ ​ ​ ​ 75,803 ​ ​
Autodesk, Inc.*
​ ​ ​ ​ 366 ​ ​ ​ ​ ​ 78,434 ​ ​
Automatic Data Processing, Inc.
​ ​ ​ ​ 306 ​ ​ ​ ​ ​ 73,960 ​ ​
Dropbox, Inc., Class A*
​ ​ ​ ​ 3,291 ​ ​ ​ ​ ​ 71,579 ​ ​
Intel Corp.
​ ​ ​ ​ 2,442 ​ ​ ​ ​ ​ 69,426 ​ ​
International Business Machines Corp.
​ ​ ​ ​ 561 ​ ​ ​ ​ ​ 77,581 ​ ​
Intuit, Inc.
​ ​ ​ ​ 169 ​ ​ ​ ​ ​ 72,247 ​ ​
Mastercard, Inc., Class A
​ ​ ​ ​ 227 ​ ​ ​ ​ ​ 74,497 ​ ​
Salesforce, Inc.*
​ ​ ​ ​ 471 ​ ​ ​ ​ ​ 76,580 ​ ​
Visa, Inc., Class A(a)
​ ​ ​ ​ 369 ​ ​ ​ ​ ​ 76,442 ​ ​
VMware, Inc., Class A
​ ​ ​ ​ 635 ​ ​ ​ ​ ​ 71,457 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 892,388 ​ ​
Materials — 6.8% ​
Dow, Inc.
​ ​ ​ ​ 1,538 ​ ​ ​ ​ ​ 71,886 ​ ​
DuPont de Nemours, Inc.
​ ​ ​ ​ 1,323 ​ ​ ​ ​ ​ 75,675 ​ ​
Ecolab, Inc.
​ ​ ​ ​ 453 ​ ​ ​ ​ ​ 71,153 ​ ​
International Flavors & Fragrances, Inc.
​ ​ ​ ​ 697 ​ ​ ​ ​ ​ 68,034 ​ ​
Newmont Corp.
​ ​ ​ ​ 1,634 ​ ​ ​ ​ ​ 69,151 ​ ​
Total Materials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 355,899 ​ ​
Real Estate — 3.9% ​
STORE Capital Corp.
​ ​ ​ ​ 2,239 ​ ​ ​ ​ ​ 71,200 ​ ​
VICI Properties, Inc.
​ ​ ​ ​ 2,137 ​ ​ ​ ​ ​ 68,427 ​ ​
Zillow Group, Inc., Class C*
​ ​ ​ ​ 2,091 ​ ​ ​ ​ ​ 64,528 ​ ​
Total Real Estate
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 204,155 ​ ​
Utilities — 1.4% ​
American Water Works Co., Inc.
​ ​ ​ ​ 481 ​ ​ ​ ​ ​ 69,908 ​ ​
Total Common Stocks
(Cost $5,741,520)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,234,821 ​ ​
Short-Term Investment — 0.1% ​
Money Market Fund — 0.1% ​
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.09%(b)
(Cost $6,803)
​ ​ ​ ​ 6,803 ​ ​ ​ ​
​
6,803
 ​ ​
Total Investments — 99.9% ​
(Cost $5,748,323)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,241,624 ​ ​
Other Assets and Liabilities,
Net — 0.1%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,588 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 5,244,212 ​ ​
​
​
See notes to financial statements.
101​
TABLE OF CONTENTS
Schedule of Investments — IQ Engender Equality ETF (continued)
​
October 31, 2022 (unaudited)
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan
​
was $115,500; total market value of collateral held consisted of non-cash U.S. Treasury securities collateral having a value of $120,608.
(b)
Reflects the 1-day yield at October 31, 2022.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(c) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 5,234,821 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 5,234,821 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 6,803 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,803 ​ ​
Total Investments in Securities
​ ​ ​ $ 5,241,624 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 5,241,624 ​ ​
​
(c)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022 the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.
See notes to financial statements.
102
TABLE OF CONTENTS​
Schedule of Investments — IQ Cleaner Transport ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 96.8% ​
Belgium — 0.5% ​
Umicore SA
​ ​ ​ ​ 643 ​ ​ ​ ​ $ 21,194 ​ ​
Canada — 0.2% ​
Ballard Power Systems, Inc.*
​ ​ ​ ​ 1,544 ​ ​ ​ ​ ​ 8,738 ​ ​
China — 9.3% ​
BYD Co., Ltd., Class H
​ ​ ​ ​ 4,375 ​ ​ ​ ​ ​ 97,924 ​ ​
COSCO SHIPPING Holdings Co., Ltd., Class H
​ ​ ​ ​ 62,568 ​ ​ ​ ​ ​ 67,511 ​ ​
Flat Glass Group Co., Ltd., Class H
​ ​ ​ ​ 11,105 ​ ​ ​ ​ ​ 26,002 ​ ​
Li Auto, Inc.*
​ ​ ​ ​ 1,785 ​ ​ ​ ​ ​ 24,312 ​ ​
NXP Semiconductors NV
​ ​ ​ ​ 839 ​ ​ ​ ​ ​ 122,561 ​ ​
Xinjiang Goldwind Science & Technology
Co., Ltd., Class H
​ ​ ​ ​ 16,296 ​ ​ ​ ​ ​ 14,137 ​ ​
Xinyi Solar Holdings Ltd.
​ ​ ​ ​ 14,534 ​ ​ ​ ​ ​ 14,423 ​ ​
XPeng, Inc.*
​ ​ ​ ​ 1,927 ​ ​ ​ ​ ​ 12,757 ​ ​
Zhuzhou CRRC Times Electric Co., Ltd.
​ ​ ​ ​ 6,451 ​ ​ ​ ​ ​ 27,982 ​ ​
Total China
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 407,609 ​ ​
Denmark — 3.1% ​
AP Moller — Maersk A/S, Class B
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 71,137 ​ ​
Vestas Wind Systems A/S
​ ​ ​ ​ 3,219 ​ ​ ​ ​ ​ 63,418 ​ ​
Total Denmark
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 134,555 ​ ​
Finland — 0.2% ​
Wartsila OYJ Abp
​ ​ ​ ​ 1,481 ​ ​ ​ ​ ​ 10,100 ​ ​
France — 4.2% ​
Alstom SA
​ ​ ​ ​ 1,187 ​ ​ ​ ​ ​ 24,472 ​ ​
Cie Generale des Etablissements Michelin SCA
​ ​ ​ ​ 2,147 ​ ​ ​ ​ ​ 54,768 ​ ​
Faurecia SE*
​ ​ ​ ​ 881 ​ ​ ​ ​ ​ 13,165 ​ ​
Getlink SE
​ ​ ​ ​ 1,366 ​ ​ ​ ​ ​ 21,642 ​ ​
Legrand SA
​ ​ ​ ​ 807 ​ ​ ​ ​ ​ 61,527 ​ ​
Valeo
​ ​ ​ ​ 665 ​ ​ ​ ​ ​ 10,970 ​ ​
Total France
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 186,544 ​ ​
Germany — 12.0% ​
Bayerische Motoren Werke AG
​ ​ ​ ​ 1,128 ​ ​ ​ ​ ​ 88,653 ​ ​
Continental AG
​ ​ ​ ​ 346 ​ ​ ​ ​ ​ 17,946 ​ ​
Infineon Technologies AG
​ ​ ​ ​ 4,148 ​ ​ ​ ​ ​ 101,016 ​ ​
Knorr-Bremse AG
​ ​ ​ ​ 255 ​ ​ ​ ​ ​ 11,482 ​ ​
Mercedes-Benz Group AG
​ ​ ​ ​ 2,420 ​ ​ ​ ​ ​ 140,160 ​ ​
Nordex SE*
​ ​ ​ ​ 1,230 ​ ​ ​ ​ ​ 11,498 ​ ​
Siemens AG
​ ​ ​ ​ 1,433 ​ ​ ​ ​ ​ 156,700 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 527,455 ​ ​
Hong Kong — 0.5% ​
MTR Corp., Ltd.
​ ​ ​ ​ 5,034 ​ ​ ​ ​ ​ 22,156 ​ ​
Japan — 11.3% ​
Aisin Corp.
​ ​ ​ ​ 408 ​ ​ ​ ​ ​ 10,472 ​ ​
Central Japan Railway Co.
​ ​ ​ ​ 364 ​ ​ ​ ​ ​ 42,281 ​ ​
Denso Corp.
​ ​ ​ ​ 1,013 ​ ​ ​ ​ ​ 50,366 ​ ​
East Japan Railway Co.
​ ​ ​ ​ 790 ​ ​ ​ ​ ​ 42,733 ​ ​
Honda Motor Co., Ltd.
​ ​ ​ ​ 3,786 ​ ​ ​ ​ ​ 85,916 ​ ​
Koito Manufacturing Co., Ltd.
​ ​ ​ ​ 734 ​ ​ ​ ​ ​ 10,440 ​ ​
Panasonic Holdings Corp.
​ ​ ​ ​ 5,522 ​ ​ ​ ​ ​ 39,548 ​ ​
Shimano, Inc.
​ ​ ​ ​ 176 ​ ​ ​ ​ ​ 27,323 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
Sumitomo Electric Industries Ltd.
​ ​ ​ ​ 1,787 ​ ​ ​ ​ $ 18,683 ​ ​
TDK Corp.
​ ​ ​ ​ 750 ​ ​ ​ ​ ​ 23,489 ​ ​
Toyota Motor Corp.
​ ​ ​ ​ 9,621 ​ ​ ​ ​ ​ 133,309 ​ ​
Yamaha Motor Co., Ltd.
​ ​ ​ ​ 586 ​ ​ ​ ​ ​ 12,104 ​ ​
Total Japan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 496,664 ​ ​
Portugal — 0.8% ​
EDP — Energias de Portugal SA
​ ​ ​ ​ 8,383 ​ ​ ​ ​ ​ 36,663 ​ ​
Singapore — 1.5% ​
STMicroelectronics NV
​ ​ ​ ​ 2,101 ​ ​ ​ ​ ​ 65,618 ​ ​
South Korea — 2.0% ​
Samsung SDI Co., Ltd.
​ ​ ​ ​ 167 ​ ​ ​ ​ ​ 86,405 ​ ​
Spain — 4.0% ​
EDP Renovaveis SA
​ ​ ​ ​ 770 ​ ​ ​ ​ ​ 16,218 ​ ​
Iberdrola SA
​ ​ ​ ​ 13,501 ​ ​ ​ ​ ​ 137,106 ​ ​
Siemens Gamesa Renewable Energy SA*
​ ​ ​ ​ 689 ​ ​ ​ ​ ​ 12,230 ​ ​
Solaria Energia y Medio Ambiente SA*
​ ​ ​ ​ 528 ​ ​ ​ ​ ​ 8,350 ​ ​
Total Spain
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 173,904 ​ ​
Sweden — 2.5% ​
Thule Group AB
​ ​ ​ ​ 513 ​ ​ ​ ​ ​ 10,102 ​ ​
Volvo AB, B Shares
​ ​ ​ ​ 6,181 ​ ​ ​ ​ ​ 101,129 ​ ​
Total Sweden
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 111,231 ​ ​
Switzerland — 0.3% ​
Stadler Rail AG
​ ​ ​ ​ 412 ​ ​ ​ ​ ​ 12,145 ​ ​
Taiwan — 2.4% ​
Compal Electronics, Inc.
​ ​ ​ ​ 16,265 ​ ​ ​ ​ ​ 10,651 ​ ​
Delta Electronics, Inc.
​ ​ ​ ​ 6,186 ​ ​ ​ ​ ​ 49,434 ​ ​
Evergreen Marine Corp Taiwan Ltd.
​ ​ ​ ​ 4,943 ​ ​ ​ ​ ​ 21,093 ​ ​
Giant Manufacturing Co., Ltd.
​ ​ ​ ​ 1,487 ​ ​ ​ ​ ​ 9,483 ​ ​
Yang Ming Marine Transport Corp.
​ ​ ​ ​ 7,322 ​ ​ ​ ​ ​ 13,679 ​ ​
Total Taiwan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 104,340 ​ ​
United Kingdom — 0.4% ​
ITM Power PLC*(a)
​ ​ ​ ​ 5,059 ​ ​ ​ ​ ​ 4,814 ​ ​
National Express Group PLC*
​ ​ ​ ​ 6,185 ​ ​ ​ ​ ​ 12,049 ​ ​
Total United Kingdom
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 16,863 ​ ​
United States — 41.6% ​
Advanced Micro Devices, Inc.*
​ ​ ​ ​ 1,620 ​ ​ ​ ​ ​ 97,297 ​ ​
Alphabet, Inc., Class A*
​ ​ ​ ​ 1,339 ​ ​ ​ ​ ​ 126,549 ​ ​
Apple, Inc.
​ ​ ​ ​ 903 ​ ​ ​ ​ ​ 138,466 ​ ​
Aptiv PLC*
​ ​ ​ ​ 864 ​ ​ ​ ​ ​ 78,684 ​ ​
Bloom Energy Corp., Class A*
​ ​ ​ ​ 470 ​ ​ ​ ​ ​ 8,794 ​ ​
BorgWarner, Inc.
​ ​ ​ ​ 755 ​ ​ ​ ​ ​ 28,335 ​ ​
Brookfield Renewable Corp., Class A
​ ​ ​ ​ 552 ​ ​ ​ ​ ​ 17,129 ​ ​
CSX Corp.
​ ​ ​ ​ 4,528 ​ ​ ​ ​ ​ 131,584 ​ ​
Eaton Corp. PLC
​ ​ ​ ​ 1,047 ​ ​ ​ ​ ​ 157,123 ​ ​
Edison International
​ ​ ​ ​ 1,221 ​ ​ ​ ​ ​ 73,309 ​ ​
Enphase Energy, Inc.*
​ ​ ​ ​ 425 ​ ​ ​ ​ ​ 130,475 ​ ​
First Solar, Inc.*
​ ​ ​ ​ 305 ​ ​ ​ ​ ​ 44,399 ​ ​
FuelCell Energy, Inc.*
​ ​ ​ ​ 2,931 ​ ​ ​ ​ ​ 9,145 ​ ​
Intel Corp.
​ ​ ​ ​ 4,429 ​ ​ ​ ​ ​ 125,916 ​ ​
​
See notes to financial statements.
103​
TABLE OF CONTENTS
Schedule of Investments — IQ Cleaner Transport ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United States (continued) ​
Itron, Inc.*
​ ​ ​ ​ 252 ​ ​ ​ ​ $ 12,320 ​ ​
NVIDIA Corp.
​ ​ ​ ​ 909 ​ ​ ​ ​ ​ 122,688 ​ ​
Plug Power, Inc.*
​ ​ ​ ​ 1,658 ​ ​ ​ ​ ​ 26,495 ​ ​
Schneider Electric SE
​ ​ ​ ​ 1,183 ​ ​ ​ ​ ​ 149,964 ​ ​
SolarEdge Technologies, Inc.*
​ ​ ​ ​ 176 ​ ​ ​ ​ ​ 40,485 ​ ​
Tesla, Inc.*
​ ​ ​ ​ 513 ​ ​ ​ ​ ​ 116,728 ​ ​
Texas Instruments, Inc.
​ ​ ​ ​ 872 ​ ​ ​ ​ ​ 140,069 ​ ​
Westinghouse Air Brake Technologies Corp.
​ ​ ​ ​ 557 ​ ​ ​ ​ ​ 51,957 ​ ​
Total United States
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,827,911 ​ ​
Total Common Stocks ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $5,649,643)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,250,095 ​ ​
Preferred Stock — 3.1% ​
Germany — 3.1% ​
Volkswagen AG, 5.79% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $208,938)
 ​ ​ ​ ​ 1,047 ​ ​ ​ ​
​
133,841
 ​ ​
Short-Term Investment — 0.1% ​
Money Market Fund — 0.1% ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(b)(c)
(Cost $4,710)
​ ​ ​ ​ 4,710 ​ ​ ​ ​
​
4,710
​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Total Investments — 100.0%
(Cost $5,863,291)
 ​ ​ ​ ​ ​ ​ $ 4,388,646 ​ ​
Other Assets and Liabilities, Net — (0.0)%(d)
 ​ ​ ​ ​ ​ ​ ​ 1,648 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ $ 4,390,294 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $4,574; total market value of collateral held by the Fund was $4,710.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
(d)
Less than 0.05%.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(e) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 4,250,095 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,250,095 ​ ​
Preferred Stock
​ ​ ​ ​ 133,841 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 133,841 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 4,710 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,710 ​ ​
Total Investments in Securities
​ ​ ​ $ 4,388,646 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,388,646 ​ ​
​
(e)
For a complete listing of investments and their countries, see the Schedule of Investments.
​
For the period ended October 31, 2022 the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.
See notes to financial statements.
104
TABLE OF CONTENTS​
Schedule of Investments — IQ Clean Oceans ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 96.9% ​
Austria — 2.1% ​
ANDRITZ AG
​ ​ ​ ​ 261 ​ ​ ​ ​ $ 12,140 ​ ​
Mondi PLC
​ ​ ​ ​ 2,257 ​ ​ ​ ​ ​ 38,004 ​ ​
Verbund AG
​ ​ ​ ​ 558 ​ ​ ​ ​ ​ 43,706 ​ ​
Total Austria
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 93,850 ​ ​
Canada — 0.2% ​
Ballard Power Systems, Inc.*
​ ​ ​ ​ 1,524 ​ ​ ​ ​ ​ 8,625 ​ ​
China — 3.5% ​
NXP Semiconductors NV
​ ​ ​ ​ 872 ​ ​ ​ ​ ​ 127,382 ​ ​
SITC International Holdings Co., Ltd.
​ ​ ​ ​ 4,212 ​ ​ ​ ​ ​ 6,900 ​ ​
Xinjiang Goldwind Science &
Technology Co., Ltd., Class H
​ ​ ​ ​ 23,825 ​ ​ ​ ​ ​ 20,669 ​ ​
Total China
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 154,951 ​ ​
Denmark — 7.0% ​
AP Moller — Maersk A/S, Class B
​ ​ ​ ​ 50 ​ ​ ​ ​ ​ 104,613 ​ ​
Chr Hansen Holding A/S
​ ​ ​ ​ 481 ​ ​ ​ ​ ​ 26,718 ​ ​
Dfds A/S
​ ​ ​ ​ 345 ​ ​ ​ ​ ​ 10,479 ​ ​
Orsted A/S
​ ​ ​ ​ 883 ​ ​ ​ ​ ​ 72,843 ​ ​
Vestas Wind Systems A/S
​ ​ ​ ​ 4,707 ​ ​ ​ ​ ​ 92,733 ​ ​
Total Denmark
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 307,386 ​ ​
Faroe Islands — 0.2% ​
Bakkafrost P/F
​ ​ ​ ​ 203 ​ ​ ​ ​ ​ 10,143 ​ ​
Finland — 0.2% ​
Wartsila OYJ Abp
​ ​ ​ ​ 1,461 ​ ​ ​ ​ ​ 9,964 ​ ​
France — 4.9% ​
Dassault Systemes SE
​ ​ ​ ​ 3,114 ​ ​ ​ ​ ​ 104,488 ​ ​
Legrand SA
​ ​ ​ ​ 1,180 ​ ​ ​ ​ ​ 89,965 ​ ​
Neoen SA
​ ​ ​ ​ 283 ​ ​ ​ ​ ​ 9,879 ​ ​
Societe BIC SA
​ ​ ​ ​ 211 ​ ​ ​ ​ ​ 12,116 ​ ​
Total France
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 216,448 ​ ​
Germany — 6.5% ​
adidas AG
​ ​ ​ ​ 763 ​ ​ ​ ​ ​ 74,642 ​ ​
Encavis AG
​ ​ ​ ​ 517 ​ ​ ​ ​ ​ 9,632 ​ ​
Hapag-Lloyd AG(a)
​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 8,135 ​ ​
Nordex SE*
​ ​ ​ ​ 1,214 ​ ​ ​ ​ ​ 11,348 ​ ​
Siemens AG
​ ​ ​ ​ 1,422 ​ ​ ​ ​ ​ 155,497 ​ ​
Zalando SE*
​ ​ ​ ​ 1,110 ​ ​ ​ ​ ​ 25,594 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 284,848 ​ ​
Ireland — 1.7% ​
Kingspan Group PLC
​ ​ ​ ​ 714 ​ ​ ​ ​ ​ 36,060 ​ ​
Smurfit Kappa Group PLC
​ ​ ​ ​ 1,210 ​ ​ ​ ​ ​ 40,039 ​ ​
Total Ireland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 76,099 ​ ​
Italy — 0.2% ​
ERG SpA
​ ​ ​ ​ 352 ​ ​ ​ ​ ​ 11,042 ​ ​
Japan — 3.8% ​
Azbil Corp.
​ ​ ​ ​ 417 ​ ​ ​ ​ ​ 11,348 ​ ​
Kao Corp.
​ ​ ​ ​ 1,563 ​ ​ ​ ​ ​ 58,783 ​ ​
Kurita Water Industries Ltd.
​ ​ ​ ​ 297 ​ ​ ​ ​ ​ 10,910 ​ ​
Nippon Yusen K.K.
​ ​ ​ ​ 1,800 ​ ​ ​ ​ ​ 32,686 ​ ​
Nitto Denko Corp.
​ ​ ​ ​ 458 ​ ​ ​ ​ ​ 24,127 ​ ​
TOTO Ltd.
​ ​ ​ ​ 340 ​ ​ ​ ​ ​ 9,722 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Japan (continued) ​
Yaskawa Electric Corp.
​ ​ ​ ​ 752 ​ ​ ​ ​ $ 20,895 ​ ​
Total Japan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 168,471 ​ ​
Netherlands — 2.2% ​
Koninklijke DSM NV
​ ​ ​ ​ 808 ​ ​ ​ ​ ​ 95,271 ​ ​
Norway — 0.2% ​
Leroy Seafood Group ASA
​ ​ ​ ​ 1,804 ​ ​ ​ ​ ​ 8,294 ​ ​
Portugal — 1.2% ​
EDP — Energias de Portugal SA
​ ​ ​ ​ 12,257 ​ ​ ​ ​ ​ 53,605 ​ ​
Singapore — 2.2% ​
STMicroelectronics NV
​ ​ ​ ​ 3,072 ​ ​ ​ ​ ​ 95,944 ​ ​
South Korea — 0.7% ​
LG Electronics, Inc.
​ ​ ​ ​ 532 ​ ​ ​ ​ ​ 30,476 ​ ​
Spain — 4.1% ​
EDP Renovaveis SA
​ ​ ​ ​ 1,126 ​ ​ ​ ​ ​ 23,715 ​ ​
Iberdrola SA
​ ​ ​ ​ 13,392 ​ ​ ​ ​ ​ 135,999 ​ ​
Siemens Gamesa Renewable Energy SA*
​ ​ ​ ​ 680 ​ ​ ​ ​ ​ 12,071 ​ ​
Solaria Energia y Medio Ambiente SA*
​ ​ ​ ​ 521 ​ ​ ​ ​ ​ 8,239 ​ ​
Total Spain
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 180,024 ​ ​
Sweden — 1.4% ​
Essity AB, B Shares
​ ​ ​ ​ 3,001 ​ ​ ​ ​ ​ 63,385 ​ ​
Switzerland — 3.1% ​
Givaudan SA*
​ ​ ​ ​ 36 ​ ​ ​ ​ ​ 107,560 ​ ​
SIG Group AG*
​ ​ ​ ​ 1,543 ​ ​ ​ ​ ​ 29,665 ​ ​
Total Switzerland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 137,225 ​ ​
Taiwan — 0.5% ​
Yang Ming Marine Transport Corp.
​ ​ ​ ​ 10,705 ​ ​ ​ ​ ​ 20,000 ​ ​
United Kingdom — 8.0% ​
Biffa PLC
​ ​ ​ ​ 2,668 ​ ​ ​ ​ ​ 12,637 ​ ​
Burberry Group PLC
​ ​ ​ ​ 1,829 ​ ​ ​ ​ ​ 38,220 ​ ​
DS Smith PLC
​ ​ ​ ​ 3,973 ​ ​ ​ ​ ​ 13,275 ​ ​
Kingfisher PLC
​ ​ ​ ​ 9,133 ​ ​ ​ ​ ​ 23,018 ​ ​
Pennon Group PLC
​ ​ ​ ​ 1,111 ​ ​ ​ ​ ​ 10,713 ​ ​
Severn Trent PLC
​ ​ ​ ​ 1,175 ​ ​ ​ ​ ​ 33,861 ​ ​
Spirax-Sarco Engineering PLC
​ ​ ​ ​ 341 ​ ​ ​ ​ ​ 42,205 ​ ​
Unilever PLC
​ ​ ​ ​ 3,158 ​ ​ ​ ​ ​ 144,511 ​ ​
United Utilities Group PLC
​ ​ ​ ​ 3,193 ​ ​ ​ ​ ​ 34,535 ​ ​
Total United Kingdom
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 352,975 ​ ​
United States — 43.0% ​
American Water Works Co., Inc.
​ ​ ​ ​ 849 ​ ​ ​ ​ ​ 123,394 ​ ​
Analog Devices, Inc.
​ ​ ​ ​ 924 ​ ​ ​ ​ ​ 131,781 ​ ​
Avangrid, Inc.
​ ​ ​ ​ 244 ​ ​ ​ ​ ​ 9,926 ​ ​
Badger Meter, Inc.
​ ​ ​ ​ 126 ​ ​ ​ ​ ​ 14,172 ​ ​
Ball Corp.
​ ​ ​ ​ 1,465 ​ ​ ​ ​ ​ 72,356 ​ ​
Crown Holdings, Inc.
​ ​ ​ ​ 560 ​ ​ ​ ​ ​ 38,410 ​ ​
Ecolab, Inc.
​ ​ ​ ​ 887 ​ ​ ​ ​ ​ 139,321 ​ ​
Enphase Energy, Inc.*
​ ​ ​ ​ 508 ​ ​ ​ ​ ​ 155,956 ​ ​
First Solar, Inc.*
​ ​ ​ ​ 448 ​ ​ ​ ​ ​ 65,215 ​ ​
Graphic Packaging Holding Co.
​ ​ ​ ​ 1,433 ​ ​ ​ ​ ​ 32,902 ​ ​
Intel Corp.
​ ​ ​ ​ 4,393 ​ ​ ​ ​ ​ 124,893 ​ ​
Microsoft Corp.
​ ​ ​ ​ 547 ​ ​ ​ ​ ​ 126,975 ​ ​
​
See notes to financial statements.
105​
TABLE OF CONTENTS
Schedule of Investments — IQ Clean Oceans ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United States (continued) ​
NIKE, Inc., Class B
​ ​ ​ ​ 1,353 ​ ​ ​ ​ $ 125,396 ​ ​
O-I Glass, Inc.*
​ ​ ​ ​ 899 ​ ​ ​ ​ ​ 14,663 ​ ​
Ormat Technologies, Inc.
​ ​ ​ ​ 262 ​ ​ ​ ​ ​ 23,698 ​ ​
Rockwell Automation, Inc.
​ ​ ​ ​ 542 ​ ​ ​ ​ ​ 138,373 ​ ​
Schneider Electric SE
​ ​ ​ ​ 1,173 ​ ​ ​ ​ ​ 148,696 ​ ​
Skyworks Solutions, Inc.
​ ​ ​ ​ 753 ​ ​ ​ ​ ​ 64,766 ​ ​
SolarEdge Technologies, Inc.*
​ ​ ​ ​ 259 ​ ​ ​ ​ ​ 59,578 ​ ​
Sunrun, Inc.*
​ ​ ​ ​ 940 ​ ​ ​ ​ ​ 21,159 ​ ​
Texas Instruments, Inc.
​ ​ ​ ​ 865 ​ ​ ​ ​ ​ 138,945 ​ ​
WillScot Mobile Mini Holdings Corp.*
​ ​ ​ ​ 976 ​ ​ ​ ​ ​ 41,509 ​ ​
Xylem, Inc.
​ ​ ​ ​ 838 ​ ​ ​ ​ ​ 85,836 ​ ​
Total United States
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,897,920 ​ ​
Total Common Stocks
(Cost $5,366,110)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,276,946 ​ ​
Preferred Stock — 2.9% ​
Germany — 2.9% ​
Henkel AG & Co. KGaA, 2.96% ​ ​ ​
(Cost $152,873)
 ​ ​ ​ ​ 1,988 ​ ​ ​ ​
​
125,317
 ​ ​
Short-Term Investments — 0.2% ​
Money Market Funds — 0.2% ​
Dreyfus Government Cash Management Fund, Institutional Shares, 2.91%(b)(c)
​ ​ ​ ​ 5,800 ​ ​ ​ ​ ​ 5,800 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Short-Term Investments (continued) ​
Money Market Funds (continued) ​
Dreyfus Institutional Preferred Government
Money Market Fund, Institutional Shares,
3.09%(b)
​ ​ ​ ​ 2,785 ​ ​ ​ ​ $ 2,785 ​ ​
Total Short-Term Investments
(Cost $8,585)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,585 ​ ​
Total Investments — 100.0% ​
(Cost $5,527,568)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,410,848 ​ ​
Other Assets and Liabilities,
Net — 0.0%(d)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,805 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 4,412,653 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $5,604; total market value of collateral held by the Fund was $5,800.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
(d)
Less than 0.05%.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(e) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 4,276,946 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,276,946 ​ ​
Preferred Stock
​ ​ ​ ​ 125,317 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 125,317 ​ ​
Short-Term Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Funds
​ ​ ​ ​ 8,585 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 8,585 ​ ​
Total Investments in Securities
​ ​ ​ $ 4,410,848 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,410,848 ​ ​
​
(e)
For a complete listing of investments and their countries, see the Schedule of Investments.
​
For the period ended October 31, 2022 the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.
See notes to financial statements.
106
TABLE OF CONTENTS​
Schedule of Investments — IQ Global Equity R&D Leaders ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 98.2% ​
Belgium — 0.3% ​
UCB SA
​ ​ ​ ​ 140 ​ ​ ​ ​ $ 10,560 ​ ​
China — 6.0% ​
Alibaba Group Holding Ltd.*
​ ​ ​ ​ 4,020 ​ ​ ​ ​ ​ 31,469 ​ ​
Baidu, Inc., Class A*
​ ​ ​ ​ 1,280 ​ ​ ​ ​ ​ 12,246 ​ ​
BeiGene Ltd.*
​ ​ ​ ​ 632 ​ ​ ​ ​ ​ 7,971 ​ ​
BYD Co., Ltd., Class H
​ ​ ​ ​ 290 ​ ​ ​ ​ ​ 6,491 ​ ​
China Energy Engineering Corp. Ltd., Class H
​ ​ ​ ​ 54,770 ​ ​ ​ ​ ​ 5,512 ​ ​
China Petroleum & Chemical Corp., Class H
​ ​ ​ ​ 20,630 ​ ​ ​ ​ ​ 8,147 ​ ​
China Railway Group Ltd., Class H
​ ​ ​ ​ 38,304 ​ ​ ​ ​ ​ 16,639 ​ ​
Haier Smart Home Co., Ltd., Class H
​ ​ ​ ​ 2,258 ​ ​ ​ ​ ​ 5,649 ​ ​
JD.com, Inc., Class A
​ ​ ​ ​ 457 ​ ​ ​ ​ ​ 8,447 ​ ​
Kuaishou Technology*
​ ​ ​ ​ 1,617 ​ ​ ​ ​ ​ 6,653 ​ ​
Lenovo Group Ltd.
​ ​ ​ ​ 13,873 ​ ​ ​ ​ ​ 11,099 ​ ​
Meituan, Class B*
​ ​ ​ ​ 694 ​ ​ ​ ​ ​ 11,033 ​ ​
Metallurgical Corp of China Ltd.,
Class H
​ ​ ​ ​ 73,938 ​ ​ ​ ​ ​ 11,774 ​ ​
NetEase, Inc.
​ ​ ​ ​ 686 ​ ​ ​ ​ ​ 7,481 ​ ​
NXP Semiconductors NV
​ ​ ​ ​ 65 ​ ​ ​ ​ ​ 9,495 ​ ​
PetroChina Co., Ltd., Class H
​ ​ ​ ​ 30,361 ​ ​ ​ ​ ​ 11,603 ​ ​
Tencent Holdings Ltd.
​ ​ ​ ​ 1,221 ​ ​ ​ ​ ​ 31,980 ​ ​
Weichai Power Co., Ltd., Class H
​ ​ ​ ​ 4,266 ​ ​ ​ ​ ​ 4,087 ​ ​
Xiaomi Corp., Class B*
​ ​ ​ ​ 8,714 ​ ​ ​ ​ ​ 9,780 ​ ​
ZTE Corp., Class H
​ ​ ​ ​ 6,435 ​ ​ ​ ​ ​ 11,477 ​ ​
Total China
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 229,033 ​ ​
Denmark — 0.5% ​
Novo Nordisk A/S, Class B
​ ​ ​ ​ 155 ​ ​ ​ ​ ​ 16,855 ​ ​
Finland — 0.6% ​
Nokia OYJ
​ ​ ​ ​ 5,308 ​ ​ ​ ​ ​ 23,644 ​ ​
France — 2.3% ​
Airbus SE
​ ​ ​ ​ 172 ​ ​ ​ ​ ​ 18,628 ​ ​
Dassault Systemes SE
​ ​ ​ ​ 159 ​ ​ ​ ​ ​ 5,335 ​ ​
L’Oreal SA
​ ​ ​ ​ 18 ​ ​ ​ ​ ​ 5,659 ​ ​
Renault SA*
​ ​ ​ ​ 205 ​ ​ ​ ​ ​ 6,315 ​ ​
Sanofi
​ ​ ​ ​ 434 ​ ​ ​ ​ ​ 37,460 ​ ​
Thales SA
​ ​ ​ ​ 51 ​ ​ ​ ​ ​ 6,485 ​ ​
Valeo
​ ​ ​ ​ 376 ​ ​ ​ ​ ​ 6,202 ​ ​
Total France
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 86,084 ​ ​
Germany — 7.1% ​
BASF SE
​ ​ ​ ​ 319 ​ ​ ​ ​ ​ 14,325 ​ ​
Bayer AG
​ ​ ​ ​ 653 ​ ​ ​ ​ ​ 34,348 ​ ​
Bayerische Motoren Werke AG
​ ​ ​ ​ 519 ​ ​ ​ ​ ​ 40,790 ​ ​
Continental AG
​ ​ ​ ​ 391 ​ ​ ​ ​ ​ 20,281 ​ ​
Daimler Truck Holding AG*
​ ​ ​ ​ 337 ​ ​ ​ ​ ​ 8,993 ​ ​
Infineon Technologies AG
​ ​ ​ ​ 404 ​ ​ ​ ​ ​ 9,839 ​ ​
Mercedes-Benz Group AG
​ ​ ​ ​ 534 ​ ​ ​ ​ ​ 30,928 ​ ​
Merck KGaA
​ ​ ​ ​ 84 ​ ​ ​ ​ ​ 13,698 ​ ​
SAP SE
​ ​ ​ ​ 386 ​ ​ ​ ​ ​ 37,261 ​ ​
Siemens AG
​ ​ ​ ​ 314 ​ ​ ​ ​ ​ 34,336 ​ ​
Siemens Energy AG
​ ​ ​ ​ 520 ​ ​ ​ ​ ​ 6,072 ​ ​
Siemens Healthineers AG
​ ​ ​ ​ 228 ​ ​ ​ ​ ​ 10,496 ​ ​
Traton SE
​ ​ ​ ​ 675 ​ ​ ​ ​ ​ 8,426 ​ ​
Total Germany
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 269,793 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Israel — 0.1% ​
Teva Pharmaceutical Industries Ltd.*
​ ​ ​ ​ 524 ​ ​ ​ ​ $ 4,708 ​ ​
Italy — 0.4% ​
Leonardo SpA
​ ​ ​ ​ 1,182 ​ ​ ​ ​ ​ 9,500 ​ ​
Telecom Italia SpA*
​ ​ ​ ​ 35,407 ​ ​ ​ ​ ​ 6,933 ​ ​
Total Italy
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 16,433 ​ ​
Japan — 9.6% ​
Aisin Corp.
​ ​ ​ ​ 314 ​ ​ ​ ​ ​ 8,059 ​ ​
Astellas Pharma, Inc.
​ ​ ​ ​ 826 ​ ​ ​ ​ ​ 11,373 ​ ​
Canon, Inc.
​ ​ ​ ​ 553 ​ ​ ​ ​ ​ 11,735 ​ ​
Chugai Pharmaceutical Co., Ltd.
​ ​ ​ ​ 242 ​ ​ ​ ​ ​ 5,617 ​ ​
Daiichi Sankyo Co., Ltd.
​ ​ ​ ​ 412 ​ ​ ​ ​ ​ 13,214 ​ ​
Denso Corp.
​ ​ ​ ​ 427 ​ ​ ​ ​ ​ 21,230 ​ ​
Eisai Co., Ltd.
​ ​ ​ ​ 175 ​ ​ ​ ​ ​ 10,566 ​ ​
FUJIFILM Holdings Corp.
​ ​ ​ ​ 136 ​ ​ ​ ​ ​ 6,239 ​ ​
Hitachi Ltd.
​ ​ ​ ​ 296 ​ ​ ​ ​ ​ 13,462 ​ ​
Honda Motor Co., Ltd.
​ ​ ​ ​ 1,405 ​ ​ ​ ​ ​ 31,884 ​ ​
Isuzu Motors Ltd.
​ ​ ​ ​ 399 ​ ​ ​ ​ ​ 4,682 ​ ​
Mitsubishi Chemical Group Corp.
​ ​ ​ ​ 1,404 ​ ​ ​ ​ ​ 6,349 ​ ​
Mitsubishi Electric Corp.
​ ​ ​ ​ 907 ​ ​ ​ ​ ​ 7,994 ​ ​
Murata Manufacturing Co., Ltd.
​ ​ ​ ​ 96 ​ ​ ​ ​ ​ 4,715 ​ ​
NEC Corp.
​ ​ ​ ​ 163 ​ ​ ​ ​ ​ 5,401 ​ ​
Nippon Telegraph & Telephone Corp.
​ ​ ​ ​ 410 ​ ​ ​ ​ ​ 11,293 ​ ​
Nissan Motor Co., Ltd.
​ ​ ​ ​ 4,421 ​ ​ ​ ​ ​ 14,111 ​ ​
Otsuka Holdings Co., Ltd.
​ ​ ​ ​ 351 ​ ​ ​ ​ ​ 11,255 ​ ​
Panasonic Holdings Corp.
​ ​ ​ ​ 1,855 ​ ​ ​ ​ ​ 13,285 ​ ​
Renesas Electronics Corp.*
​ ​ ​ ​ 881 ​ ​ ​ ​ ​ 7,388 ​ ​
SoftBank Group Corp.
​ ​ ​ ​ 232 ​ ​ ​ ​ ​ 9,990 ​ ​
Sony Group Corp.
​ ​ ​ ​ 385 ​ ​ ​ ​ ​ 25,871 ​ ​
Sumitomo Chemical Co., Ltd.
​ ​ ​ ​ 2,062 ​ ​ ​ ​ ​ 6,950 ​ ​
Sumitomo Electric Industries Ltd.
​ ​ ​ ​ 483 ​ ​ ​ ​ ​ 5,050 ​ ​
Suzuki Motor Corp.
​ ​ ​ ​ 212 ​ ​ ​ ​ ​ 7,160 ​ ​
Takeda Pharmaceutical Co., Ltd.
​ ​ ​ ​ 879 ​ ​ ​ ​ ​ 23,170 ​ ​
TDK Corp.
​ ​ ​ ​ 212 ​ ​ ​ ​ ​ 6,640 ​ ​
Tokyo Electron Ltd.
​ ​ ​ ​ 25 ​ ​ ​ ​ ​ 6,642 ​ ​
Toshiba Corp.
​ ​ ​ ​ 193 ​ ​ ​ ​ ​ 6,727 ​ ​
Toyota Motor Corp.
​ ​ ​ ​ 3,541 ​ ​ ​ ​ ​ 49,064 ​ ​
Total Japan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 367,116 ​ ​
Netherlands — 0.6% ​
ASML Holding NV
​ ​ ​ ​ 34 ​ ​ ​ ​ ​ 16,063 ​ ​
Koninklijke Philips NV
​ ​ ​ ​ 603 ​ ​ ​ ​ ​ 7,639 ​ ​
Total Netherlands
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 23,702 ​ ​
Singapore — 0.2% ​
STMicroelectronics NV
​ ​ ​ ​ 229 ​ ​ ​ ​ ​ 7,152 ​ ​
South Korea — 4.1% ​
Hyundai Mobis Co., Ltd.
​ ​ ​ ​ 36 ​ ​ ​ ​ ​ 5,535 ​ ​
Hyundai Motor Co.
​ ​ ​ ​ 57 ​ ​ ​ ​ ​ 6,583 ​ ​
Kia Corp.
​ ​ ​ ​ 99 ​ ​ ​ ​ ​ 4,608 ​ ​
LG Display Co., Ltd.
​ ​ ​ ​ 521 ​ ​ ​ ​ ​ 4,663 ​ ​
LG Electronics, Inc.
​ ​ ​ ​ 207 ​ ​ ​ ​ ​ 11,858 ​ ​
NAVER Corp.
​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 5,355 ​ ​
Samsung Electronics Co., Ltd.
​ ​ ​ ​ 2,475 ​ ​ ​ ​ ​ 103,208 ​ ​
SK Hynix, Inc.
​ ​ ​ ​ 264 ​ ​ ​ ​ ​ 15,327 ​ ​
Total South Korea
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 157,137 ​ ​
​
​
See notes to financial statements.
107​
TABLE OF CONTENTS
Schedule of Investments — IQ Global Equity R&D Leaders ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Spain — 0.1% ​
Telefonica SA
​ ​ ​ ​ 1,306 ​ ​ ​ ​ $ 4,498 ​ ​
Sweden — 0.8% ​
Telefonaktiebolaget LM Ericsson,
B Shares
​ ​ ​ ​ 3,643 ​ ​ ​ ​ ​ 20,242 ​ ​
Volvo AB, B Shares
​ ​ ​ ​ 684 ​ ​ ​ ​ ​ 11,191 ​ ​
Total Sweden
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 31,433 ​ ​
Switzerland — 1.4% ​
ABB Ltd.
​ ​ ​ ​ 224 ​ ​ ​ ​ ​ 6,231 ​ ​
Accelleron Industries AG*
​ ​ ​ ​ 11 ​ ​ ​ ​ ​ 187 ​ ​
Novartis AG
​ ​ ​ ​ 590 ​ ​ ​ ​ ​ 47,695 ​ ​
Total Switzerland
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 54,113 ​ ​
Taiwan — 1.7% ​
Delta Electronics, Inc.
​ ​ ​ ​ 562 ​ ​ ​ ​ ​ 4,491 ​ ​
Hon Hai Precision Industry Co., Ltd.
​ ​ ​ ​ 5,536 ​ ​ ​ ​ ​ 17,610 ​ ​
MediaTek, Inc.
​ ​ ​ ​ 1,023 ​ ​ ​ ​ ​ 18,732 ​ ​
Realtek Semiconductor Corp.
​ ​ ​ ​ 557 ​ ​ ​ ​ ​ 4,408 ​ ​
Taiwan Semiconductor Manufacturing Co., Ltd.
​ ​ ​ ​ 1,648 ​ ​ ​ ​ ​ 19,946 ​ ​
Total Taiwan
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 65,187 ​ ​
United Kingdom — 1.4% ​
AstraZeneca PLC
​ ​ ​ ​ 408 ​ ​ ​ ​ ​ 48,168 ​ ​
Unilever PLC
​ ​ ​ ​ 114 ​ ​ ​ ​ ​ 5,217 ​ ​
Total United Kingdom
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 53,385 ​ ​
United States — 61.0% ​
3M Co.
​ ​ ​ ​ 83 ​ ​ ​ ​ ​ 10,441 ​ ​
Abbott Laboratories
​ ​ ​ ​ 138 ​ ​ ​ ​ ​ 13,654 ​ ​
AbbVie, Inc.
​ ​ ​ ​ 233 ​ ​ ​ ​ ​ 34,111 ​ ​
Activision Blizzard, Inc.
​ ​ ​ ​ 88 ​ ​ ​ ​ ​ 6,406 ​ ​
Adobe, Inc.*
​ ​ ​ ​ 48 ​ ​ ​ ​ ​ 15,288 ​ ​
Advanced Micro Devices, Inc.*
​ ​ ​ ​ 261 ​ ​ ​ ​ ​ 15,676 ​ ​
Airbnb, Inc., Class A*
​ ​ ​ ​ 62 ​ ​ ​ ​ ​ 6,628 ​ ​
Alphabet, Inc., Class A*
​ ​ ​ ​ 1,742 ​ ​ ​ ​ ​ 164,636 ​ ​
Amazon.com, Inc.*
​ ​ ​ ​ 1,883 ​ ​ ​ ​ ​ 192,895 ​ ​
Amgen, Inc.
​ ​ ​ ​ 106 ​ ​ ​ ​ ​ 28,657 ​ ​
Analog Devices, Inc.
​ ​ ​ ​ 57 ​ ​ ​ ​ ​ 8,129 ​ ​
Apple, Inc.
​ ​ ​ ​ 849 ​ ​ ​ ​ ​ 130,186 ​ ​
Applied Materials, Inc.
​ ​ ​ ​ 152 ​ ​ ​ ​ ​ 13,420 ​ ​
Aptiv PLC*
​ ​ ​ ​ 56 ​ ​ ​ ​ ​ 5,100 ​ ​
AT&T, Inc.
​ ​ ​ ​ 465 ​ ​ ​ ​ ​ 8,477 ​ ​
Atlassian Corp., Class A*
​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 5,879 ​ ​
Autodesk, Inc.*
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 6,429 ​ ​
Becton Dickinson and Co.
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 6,607 ​ ​
Biogen, Inc.*
​ ​ ​ ​ 54 ​ ​ ​ ​ ​ 15,306 ​ ​
Block, Inc.*
​ ​ ​ ​ 134 ​ ​ ​ ​ ​ 8,049 ​ ​
Boeing Co. (The)*
​ ​ ​ ​ 92 ​ ​ ​ ​ ​ 13,111 ​ ​
Boston Scientific Corp.*
​ ​ ​ ​ 157 ​ ​ ​ ​ ​ 6,768 ​ ​
Bristol-Myers Squibb Co.
​ ​ ​ ​ 744 ​ ​ ​ ​ ​ 57,638 ​ ​
Broadcom, Inc.
​ ​ ​ ​ 50 ​ ​ ​ ​ ​ 23,506 ​ ​
Cadence Design Systems, Inc.*
​ ​ ​ ​ 36 ​ ​ ​ ​ ​ 5,450 ​ ​
Caterpillar, Inc.
​ ​ ​ ​ 51 ​ ​ ​ ​ ​ 11,039 ​ ​
Cisco Systems, Inc.
​ ​ ​ ​ 800 ​ ​ ​ ​ ​ 36,344 ​ ​
Corning, Inc.
​ ​ ​ ​ 161 ​ ​ ​ ​ ​ 5,179 ​ ​
Corteva, Inc.
​ ​ ​ ​ 98 ​ ​ ​ ​ ​ 6,403 ​ ​
CSL Ltd.
​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 5,560 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United States (continued) ​
Cummins, Inc.
​ ​ ​ ​ 28 ​ ​ ​ ​ $ 6,846 ​ ​
Danaher Corp.
​ ​ ​ ​ 33 ​ ​ ​ ​ ​ 8,305 ​ ​
Deere & Co.
​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 10,291 ​ ​
Dell Technologies, Inc., Class C
​ ​ ​ ​ 445 ​ ​ ​ ​ ​ 17,088 ​ ​
eBay, Inc.
​ ​ ​ ​ 160 ​ ​ ​ ​ ​ 6,374 ​ ​
Edwards Lifesciences Corp.*
​ ​ ​ ​ 52 ​ ​ ​ ​ ​ 3,766 ​ ​
Electronic Arts, Inc.
​ ​ ​ ​ 95 ​ ​ ​ ​ ​ 11,966 ​ ​
Eli Lilly & Co.
​ ​ ​ ​ 117 ​ ​ ​ ​ ​ 42,365 ​ ​
Expedia Group, Inc.*
​ ​ ​ ​ 55 ​ ​ ​ ​ ​ 5,141 ​ ​
Ford Motor Co.
​ ​ ​ ​ 2,641 ​ ​ ​ ​ ​ 35,310 ​ ​
General Electric Co.
​ ​ ​ ​ 206 ​ ​ ​ ​ ​ 16,029 ​ ​
General Motors Co.
​ ​ ​ ​ 1,011 ​ ​ ​ ​ ​ 39,682 ​ ​
Gilead Sciences, Inc.
​ ​ ​ ​ 425 ​ ​ ​ ​ ​ 33,346 ​ ​
GSK PLC
​ ​ ​ ​ 2,406 ​ ​ ​ ​ ​ 39,580 ​ ​
Hewlett Packard Enterprise Co.
​ ​ ​ ​ 788 ​ ​ ​ ​ ​ 11,245 ​ ​
Honeywell International, Inc.
​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 7,753 ​ ​
HP, Inc.
​ ​ ​ ​ 308 ​ ​ ​ ​ ​ 8,507 ​ ​
Illumina, Inc.*
​ ​ ​ ​ 37 ​ ​ ​ ​ ​ 8,466 ​ ​
Incyte Corp.*
​ ​ ​ ​ 112 ​ ​ ​ ​ ​ 8,326 ​ ​
Intel Corp.
​ ​ ​ ​ 2,877 ​ ​ ​ ​ ​ 81,793 ​ ​
International Business Machines Corp.
​ ​ ​ ​ 263 ​ ​ ​ ​ ​ 36,370 ​ ​
Intuit, Inc.
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 11,970 ​ ​
Johnson & Johnson
​ ​ ​ ​ 470 ​ ​ ​ ​ ​ 81,766 ​ ​
Juniper Networks, Inc.
​ ​ ​ ​ 185 ​ ​ ​ ​ ​ 5,661 ​ ​
KLA Corp.
​ ​ ​ ​ 17 ​ ​ ​ ​ ​ 5,380 ​ ​
Lam Research Corp.
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 8,096 ​ ​
Lockheed Martin Corp.
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 9,247 ​ ​
Marvell Technology, Inc.
​ ​ ​ ​ 182 ​ ​ ​ ​ ​ 7,222 ​ ​
Medtronic PLC
​ ​ ​ ​ 152 ​ ​ ​ ​ ​ 13,276 ​ ​
Merck & Co., Inc.
​ ​ ​ ​ 626 ​ ​ ​ ​ ​ 63,351 ​ ​
Meta Platforms, Inc., Class A*
​ ​ ​ ​ 1,030 ​ ​ ​ ​ ​ 95,955 ​ ​
Microchip Technology, Inc.
​ ​ ​ ​ 79 ​ ​ ​ ​ ​ 4,877 ​ ​
Micron Technology, Inc.
​ ​ ​ ​ 291 ​ ​ ​ ​ ​ 15,743 ​ ​
Microsoft Corp.
​ ​ ​ ​ 507 ​ ​ ​ ​ ​ 117,690 ​ ​
Moderna, Inc.*
​ ​ ​ ​ 79 ​ ​ ​ ​ ​ 11,876 ​ ​
Nestle SA
​ ​ ​ ​ 84 ​ ​ ​ ​ ​ 9,153 ​ ​
NetApp, Inc.
​ ​ ​ ​ 67 ​ ​ ​ ​ ​ 4,641 ​ ​
Netflix, Inc.*
​ ​ ​ ​ 55 ​ ​ ​ ​ ​ 16,053 ​ ​
Northrop Grumman Corp.
​ ​ ​ ​ 12 ​ ​ ​ ​ ​ 6,588 ​ ​
NVIDIA Corp.
​ ​ ​ ​ 242 ​ ​ ​ ​ ​ 32,663 ​ ​
Oracle Corp.
​ ​ ​ ​ 561 ​ ​ ​ ​ ​ 43,797 ​ ​
Palo Alto Networks, Inc.*
​ ​ ​ ​ 41 ​ ​ ​ ​ ​ 7,035 ​ ​
PayPal Holdings, Inc.*
​ ​ ​ ​ 173 ​ ​ ​ ​ ​ 14,459 ​ ​
Pfizer, Inc.
​ ​ ​ ​ 1,609 ​ ​ ​ ​ ​ 74,899 ​ ​
Procter & Gamble Co. (The)
​ ​ ​ ​ 74 ​ ​ ​ ​ ​ 9,966 ​ ​
QUALCOMM, Inc.
​ ​ ​ ​ 320 ​ ​ ​ ​ ​ 37,651 ​ ​
Raytheon Technologies Corp.
​ ​ ​ ​ 169 ​ ​ ​ ​ ​ 16,025 ​ ​
Regeneron Pharmaceuticals, Inc.*
​ ​ ​ ​ 20 ​ ​ ​ ​ ​ 14,975 ​ ​
Rivian Automotive, Inc., Class A*(a)
​ ​ ​ ​ 292 ​ ​ ​ ​ ​ 10,211 ​ ​
Roche Holding AG
​ ​ ​ ​ 222 ​ ​ ​ ​ ​ 73,771 ​ ​
Salesforce, Inc.*
​ ​ ​ ​ 172 ​ ​ ​ ​ ​ 27,966 ​ ​
Schneider Electric SE
​ ​ ​ ​ 69 ​ ​ ​ ​ ​ 8,747 ​ ​
Seagate Technology Holdings PLC
​ ​ ​ ​ 76 ​ ​ ​ ​ ​ 3,774 ​ ​
Seagen, Inc.*
​ ​ ​ ​ 49 ​ ​ ​ ​ ​ 6,231 ​ ​
ServiceNow, Inc.*
​ ​ ​ ​ 19 ​ ​ ​ ​ ​ 7,994 ​ ​
Splunk, Inc.*
​ ​ ​ ​ 58 ​ ​ ​ ​ ​ 4,820 ​ ​
Spotify Technology SA*
​ ​ ​ ​ 59 ​ ​ ​ ​ ​ 4,754 ​ ​
Stellantis NV*
​ ​ ​ ​ 2,132 ​ ​ ​ ​ ​ 28,784 ​ ​
​
See notes to financial statements.
108
TABLE OF CONTENTS
Schedule of Investments — IQ Global Equity R&D Leaders ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
United States (continued) ​
Stryker Corp.
​ ​ ​ ​ 32 ​ ​ ​ ​ $ 7,336 ​ ​
Synopsys, Inc.*
​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 7,606 ​ ​
Tesla, Inc.*
​ ​ ​ ​ 49 ​ ​ ​ ​ ​ 11,149 ​ ​
Texas Instruments, Inc.
​ ​ ​ ​ 48 ​ ​ ​ ​ ​ 7,710 ​ ​
Thermo Fisher Scientific, Inc.
​ ​ ​ ​ 14 ​ ​ ​ ​ ​ 7,196 ​ ​
Twilio, Inc., Class A*
​ ​ ​ ​ 65 ​ ​ ​ ​ ​ 4,834 ​ ​
Uber Technologies, Inc.*
​ ​ ​ ​ 375 ​ ​ ​ ​ ​ 9,964 ​ ​
Vertex Pharmaceuticals, Inc.*
​ ​ ​ ​ 43 ​ ​ ​ ​ ​ 13,416 ​ ​
VMware, Inc., Class A
​ ​ ​ ​ 142 ​ ​ ​ ​ ​ 15,979 ​ ​
Western Digital Corp.*
​ ​ ​ ​ 316 ​ ​ ​ ​ ​ 10,861 ​ ​
Workday, Inc., Class A*
​ ​ ​ ​ 69 ​ ​ ​ ​ ​ 10,752 ​ ​
Total United States
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,329,391 ​ ​
Total Common Stocks
(Cost $4,784,723)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,750,224 ​ ​
Preferred Stock — 1.7% ​
Germany — 1.7% ​
Volkswagen AG, 5.79%
(Cost $101,923)
​ ​ ​ ​ 525 ​ ​ ​ ​
​
67,112
 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Total Investments — 99.9%
(Cost $4,886,646)
 ​ ​ ​ ​ ​ ​ $ 3,817,336 ​ ​
Other Assets and Liabilities,
Net — 0.1%
 ​ ​ ​ ​ ​ ​ ​ 2,424 ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ $ 3,819,760 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $9,966; total market value of collateral held consisted of non-cash U.S. Treasury securities collateral having a value of $10,024.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(b) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 3,750,224 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 3,750,224 ​ ​
Preferred Stock
​ ​ ​ ​ 67,112 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 67,112 ​ ​
Total Investments in Securities
​ ​ ​ $ 3,817,336 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 3,817,336 ​ ​
​
(b)
For a complete listing of investments and their countries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 1)
See notes to financial statements.
109​
TABLE OF CONTENTS​
Schedule of Investments — IQ U.S. Large Cap R&D Leaders ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.9% ​
Communication Services — 12.6% ​ ​ ​
Activision Blizzard, Inc.
​ ​ ​ ​ 174 ​ ​ ​ ​ $ 12,667 ​ ​
Alphabet, Inc., Class A*
​ ​ ​ ​ 2,956 ​ ​ ​ ​ ​ 279,371 ​ ​
AT&T, Inc.
​ ​ ​ ​ 920 ​ ​ ​ ​ ​ 16,772 ​ ​
Electronic Arts, Inc.
​ ​ ​ ​ 188 ​ ​ ​ ​ ​ 23,680 ​ ​
Meta Platforms, Inc., Class A*
​ ​ ​ ​ 1,381 ​ ​ ​ ​ ​ 128,654 ​ ​
Netflix, Inc.*
​ ​ ​ ​ 109 ​ ​ ​ ​ ​ 31,815 ​ ​
Pinterest, Inc., Class A*
​ ​ ​ ​ 326 ​ ​ ​ ​ ​ 8,020 ​ ​
Spotify Technology SA*
​ ​ ​ ​ 117 ​ ​ ​ ​ ​ 9,428 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 510,407 ​ ​
Consumer Discretionary — 12.8% ​
Airbnb, Inc., Class A*
​ ​ ​ ​ 124 ​ ​ ​ ​ ​ 13,257 ​ ​
Amazon.com, Inc.*
​ ​ ​ ​ 2,678 ​ ​ ​ ​ ​ 274,334 ​ ​
Aptiv PLC*
​ ​ ​ ​ 112 ​ ​ ​ ​ ​ 10,200 ​ ​
eBay, Inc.
​ ​ ​ ​ 317 ​ ​ ​ ​ ​ 12,629 ​ ​
Expedia Group, Inc.*
​ ​ ​ ​ 110 ​ ​ ​ ​ ​ 10,282 ​ ​
Ford Motor Co.
​ ​ ​ ​ 5,226 ​ ​ ​ ​ ​ 69,871 ​ ​
Garmin Ltd.
​ ​ ​ ​ 100 ​ ​ ​ ​ ​ 8,804 ​ ​
General Motors Co.
​ ​ ​ ​ 2,000 ​ ​ ​ ​ ​ 78,500 ​ ​
Rivian Automotive, Inc., Class A*(a)
​ ​ ​ ​ 578 ​ ​ ​ ​ ​ 20,213 ​ ​
Tesla, Inc.*
​ ​ ​ ​ 96 ​ ​ ​ ​ ​ 21,844 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 519,934 ​ ​
Consumer Staples — 0.5% ​ ​ ​
Procter & Gamble Co. (The)
​ ​ ​ ​ 146 ​ ​ ​ ​ ​ 19,662 ​ ​
Energy — 0.3% ​ ​ ​
Exxon Mobil Corp.
​ ​ ​ ​ 92 ​ ​ ​ ​ ​ 10,194 ​ ​
Health Care — 27.8% ​ ​ ​
Abbott Laboratories
​ ​ ​ ​ 274 ​ ​ ​ ​ ​ 27,110 ​ ​
AbbVie, Inc.
​ ​ ​ ​ 461 ​ ​ ​ ​ ​ 67,490 ​ ​
Amgen, Inc.
​ ​ ​ ​ 209 ​ ​ ​ ​ ​ 56,503 ​ ​
Becton Dickinson and Co.
​ ​ ​ ​ 55 ​ ​ ​ ​ ​ 12,978 ​ ​
Biogen, Inc.*
​ ​ ​ ​ 107 ​ ​ ​ ​ ​ 30,328 ​ ​
Boston Scientific Corp.*
​ ​ ​ ​ 312 ​ ​ ​ ​ ​ 13,450 ​ ​
Bristol-Myers Squibb Co.
​ ​ ​ ​ 1,472 ​ ​ ​ ​ ​ 114,036 ​ ​
Danaher Corp.
​ ​ ​ ​ 66 ​ ​ ​ ​ ​ 16,610 ​ ​
Edwards Lifesciences Corp.*
​ ​ ​ ​ 103 ​ ​ ​ ​ ​ 7,460 ​ ​
Eli Lilly & Co.
​ ​ ​ ​ 231 ​ ​ ​ ​ ​ 83,643 ​ ​
Gilead Sciences, Inc.
​ ​ ​ ​ 841 ​ ​ ​ ​ ​ 65,985 ​ ​
Illumina, Inc.*
​ ​ ​ ​ 73 ​ ​ ​ ​ ​ 16,704 ​ ​
Incyte Corp.*
​ ​ ​ ​ 222 ​ ​ ​ ​ ​ 16,504 ​ ​
Johnson & Johnson
​ ​ ​ ​ 931 ​ ​ ​ ​ ​ 161,966 ​ ​
Medtronic PLC
​ ​ ​ ​ 300 ​ ​ ​ ​ ​ 26,202 ​ ​
Merck & Co., Inc.
​ ​ ​ ​ 1,239 ​ ​ ​ ​ ​ 125,387 ​ ​
Moderna, Inc.*
​ ​ ​ ​ 157 ​ ​ ​ ​ ​ 23,602 ​ ​
Novavax, Inc.*
​ ​ ​ ​ 680 ​ ​ ​ ​ ​ 15,144 ​ ​
Pfizer, Inc.
​ ​ ​ ​ 3,184 ​ ​ ​ ​ ​ 148,215 ​ ​
Regeneron Pharmaceuticals, Inc.*
​ ​ ​ ​ 40 ​ ​ ​ ​ ​ 29,950 ​ ​
Seagen, Inc.*
​ ​ ​ ​ 97 ​ ​ ​ ​ ​ 12,335 ​ ​
Stryker Corp.
​ ​ ​ ​ 64 ​ ​ ​ ​ ​ 14,671 ​ ​
Thermo Fisher Scientific, Inc.
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 14,391 ​ ​
Vertex Pharmaceuticals, Inc.*
​ ​ ​ ​ 86 ​ ​ ​ ​ ​ 26,832 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,127,496 ​ ​
Industrials — 5.7% ​ ​ ​
3M Co.
​ ​ ​ ​ 165 ​ ​ ​ ​ ​ 20,755 ​ ​
Boeing Co. (The)*
​ ​ ​ ​ 181 ​ ​ ​ ​ ​ 25,794 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Industrials (continued) ​ ​ ​
Caterpillar, Inc.
​ ​ ​ ​ 102 ​ ​ ​ ​ $ 22,079 ​ ​
Cummins, Inc.
​ ​ ​ ​ 55 ​ ​ ​ ​ ​ 13,448 ​ ​
Deere & Co.
​ ​ ​ ​ 51 ​ ​ ​ ​ ​ 20,187 ​ ​
General Electric Co.
​ ​ ​ ​ 407 ​ ​ ​ ​ ​ 31,669 ​ ​
Honeywell International, Inc.
​ ​ ​ ​ 76 ​ ​ ​ ​ ​ 15,506 ​ ​
Lockheed Martin Corp.
​ ​ ​ ​ 37 ​ ​ ​ ​ ​ 18,007 ​ ​
Northrop Grumman Corp.
​ ​ ​ ​ 23 ​ ​ ​ ​ ​ 12,627 ​ ​
Raytheon Technologies Corp.
​ ​ ​ ​ 335 ​ ​ ​ ​ ​ 31,765 ​ ​
Uber Technologies, Inc.*
​ ​ ​ ​ 742 ​ ​ ​ ​ ​ 19,715 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 231,552 ​ ​
Information Technology — 39.3% ​ ​ ​
Adobe, Inc.*
​ ​ ​ ​ 90 ​ ​ ​ ​ ​ 28,665 ​ ​
Advanced Micro Devices, Inc.*
​ ​ ​ ​ 489 ​ ​ ​ ​ ​ 29,369 ​ ​
Analog Devices, Inc.
​ ​ ​ ​ 106 ​ ​ ​ ​ ​ 15,118 ​ ​
Apple, Inc.
​ ​ ​ ​ 1,592 ​ ​ ​ ​ ​ 244,117 ​ ​
Applied Materials, Inc.
​ ​ ​ ​ 285 ​ ​ ​ ​ ​ 25,163 ​ ​
Atlassian Corp., Class A*
​ ​ ​ ​ 54 ​ ​ ​ ​ ​ 10,947 ​ ​
Autodesk, Inc.*
​ ​ ​ ​ 57 ​ ​ ​ ​ ​ 12,215 ​ ​
Block, Inc.*
​ ​ ​ ​ 266 ​ ​ ​ ​ ​ 15,979 ​ ​
Broadcom, Inc.
​ ​ ​ ​ 93 ​ ​ ​ ​ ​ 43,721 ​ ​
Cadence Design Systems, Inc.*
​ ​ ​ ​ 67 ​ ​ ​ ​ ​ 10,143 ​ ​
Cisco Systems, Inc.
​ ​ ​ ​ 1,583 ​ ​ ​ ​ ​ 71,916 ​ ​
Corning, Inc.
​ ​ ​ ​ 302 ​ ​ ​ ​ ​ 9,715 ​ ​
Dell Technologies, Inc., Class C
​ ​ ​ ​ 834 ​ ​ ​ ​ ​ 32,026 ​ ​
Hewlett Packard Enterprise Co.
​ ​ ​ ​ 1,478 ​ ​ ​ ​ ​ 21,091 ​ ​
HP, Inc.
​ ​ ​ ​ 578 ​ ​ ​ ​ ​ 15,964 ​ ​
Intel Corp.
​ ​ ​ ​ 5,396 ​ ​ ​ ​ ​ 153,408 ​ ​
International Business Machines Corp.
​ ​ ​ ​ 492 ​ ​ ​ ​ ​ 68,039 ​ ​
Intuit, Inc.
​ ​ ​ ​ 53 ​ ​ ​ ​ ​ 22,657 ​ ​
Juniper Networks, Inc.
​ ​ ​ ​ 366 ​ ​ ​ ​ ​ 11,200 ​ ​
KLA Corp.
​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 9,810 ​ ​
Lam Research Corp.
​ ​ ​ ​ 37 ​ ​ ​ ​ ​ 14,977 ​ ​
Marvell Technology, Inc.
​ ​ ​ ​ 341 ​ ​ ​ ​ ​ 13,531 ​ ​
Microchip Technology, Inc.
​ ​ ​ ​ 147 ​ ​ ​ ​ ​ 9,076 ​ ​
Micron Technology, Inc.
​ ​ ​ ​ 546 ​ ​ ​ ​ ​ 29,539 ​ ​
Microsoft Corp.
​ ​ ​ ​ 951 ​ ​ ​ ​ ​ 220,756 ​ ​
NetApp, Inc.
​ ​ ​ ​ 126 ​ ​ ​ ​ ​ 8,728 ​ ​
NVIDIA Corp.
​ ​ ​ ​ 454 ​ ​ ​ ​ ​ 61,276 ​ ​
Oracle Corp.
​ ​ ​ ​ 1,052 ​ ​ ​ ​ ​ 82,130 ​ ​
Palo Alto Networks, Inc.*
​ ​ ​ ​ 77 ​ ​ ​ ​ ​ 13,212 ​ ​
PayPal Holdings, Inc.*
​ ​ ​ ​ 343 ​ ​ ​ ​ ​ 28,668 ​ ​
QUALCOMM, Inc.
​ ​ ​ ​ 600 ​ ​ ​ ​ ​ 70,596 ​ ​
Salesforce, Inc.*
​ ​ ​ ​ 322 ​ ​ ​ ​ ​ 52,354 ​ ​
ServiceNow, Inc.*
​ ​ ​ ​ 36 ​ ​ ​ ​ ​ 15,147 ​ ​
Splunk, Inc.*
​ ​ ​ ​ 108 ​ ​ ​ ​ ​ 8,976 ​ ​
Synopsys, Inc.*
​ ​ ​ ​ 49 ​ ​ ​ ​ ​ 14,335 ​ ​
Texas Instruments, Inc.
​ ​ ​ ​ 91 ​ ​ ​ ​ ​ 14,617 ​ ​
Twilio, Inc., Class A*
​ ​ ​ ​ 122 ​ ​ ​ ​ ​ 9,073 ​ ​
Unity Software, Inc.*(a)
​ ​ ​ ​ 220 ​ ​ ​ ​ ​ 6,490 ​ ​
VMware, Inc., Class A
​ ​ ​ ​ 265 ​ ​ ​ ​ ​ 29,820 ​ ​
Western Digital Corp.*
​ ​ ​ ​ 593 ​ ​ ​ ​ ​ 20,381 ​ ​
Workday, Inc., Class A*
​ ​ ​ ​ 130 ​ ​ ​ ​ ​ 20,257 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,595,202 ​ ​
Materials — 0.9% ​ ​ ​
Corteva, Inc.
​ ​ ​ ​ 194 ​ ​ ​ ​ ​ 12,676 ​ ​
Dow, Inc.
​ ​ ​ ​ 190 ​ ​ ​ ​ ​ 8,881 ​ ​
​
See notes to financial statements.
110
TABLE OF CONTENTS
Schedule of Investments — IQ U.S. Large Cap R&D Leaders ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Materials (continued) ​ ​ ​
Ginkgo Bioworks Holdings, Inc.*(a)
​ ​ ​ ​ 5,492 ​ ​ ​ ​ $ 14,993 ​ ​
Total Materials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 36,550 ​ ​
Total Common Stocks
(Cost $4,955,195)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,050,997 ​ ​
Short-Term Investment — 0.0%(b) ​
Money Market Fund — 0.0%(b) ​
Dreyfus Government Cash
Management Fund,
Institutional Shares, 2.91%(c)(d)
(Cost $1,216)
​ ​ ​ ​ 1,216 ​ ​ ​ ​
​
1,216
 ​ ​
Total Investments — 99.9%
(Cost $4,956,411)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,052,213 ​ ​
Other Assets and Liabilities,
Net — 0.1%
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,052 ​ ​
Net Assets — 100.0% ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 4,055,265 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $27,208; total market value of collateral held by the Fund was $27,398. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $26,182.
​
(b)
Less than 0.05%.
​
(c)
Reflects the 1-day yield at October 31, 2022.
​
(d)
Represents security purchased with cash collateral received for securities on loan.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(e) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 4,050,997 ​ ​ ​ ​ $  — ​ ​ ​ ​ $  — ​ ​ ​ ​ $ 4,050,997 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 1,216 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,216 ​ ​
Total Investments in Securities
​ ​ ​ $ 4,052,213 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,052,213 ​ ​
​
(e)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.
See notes to financial statements.
111​
TABLE OF CONTENTS​
Schedule of Investments — IQ U.S. Mid Cap R&D Leaders ETF 
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks — 99.8% ​
Communication Services — 9.1% ​
Electronic Arts, Inc.
​ ​ ​ ​ 1,178 ​ ​ ​ ​ $ 148,381 ​ ​
Pinterest, Inc., Class A*
​ ​ ​ ​ 1,231 ​ ​ ​ ​ ​ 30,282 ​ ​
Playtika Holding Corp.*
​ ​ ​ ​ 2,815 ​ ​ ​ ​ ​ 26,602 ​ ​
ROBLOX Corp., Class A*(a)
​ ​ ​ ​ 1,127 ​ ​ ​ ​ ​ 50,422 ​ ​
Roku, Inc.*
​ ​ ​ ​ 540 ​ ​ ​ ​ ​ 29,992 ​ ​
Spotify Technology SA*
​ ​ ​ ​ 731 ​ ​ ​ ​ ​ 58,904 ​ ​
Take-Two Interactive Software, Inc.*
​ ​ ​ ​ 249 ​ ​ ​ ​ ​ 29,501 ​ ​
Total Communication Services
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 374,084 ​ ​
Consumer Discretionary — 12.9% ​
Aptiv PLC*
​ ​ ​ ​ 701 ​ ​ ​ ​ ​ 63,840 ​ ​
BorgWarner, Inc.
​ ​ ​ ​ 1,297 ​ ​ ​ ​ ​ 48,677 ​ ​
DoorDash, Inc., Class A*
​ ​ ​ ​ 364 ​ ​ ​ ​ ​ 15,845 ​ ​
eBay, Inc.
​ ​ ​ ​ 1,988 ​ ​ ​ ​ ​ 79,202 ​ ​
Expedia Group, Inc.*
​ ​ ​ ​ 688 ​ ​ ​ ​ ​ 64,307 ​ ​
Garmin Ltd.
​ ​ ​ ​ 626 ​ ​ ​ ​ ​ 55,113 ​ ​
Lucid Group, Inc.*(a)
​ ​ ​ ​ 3,108 ​ ​ ​ ​ ​ 44,413 ​ ​
Rivian Automotive, Inc., Class A*(a)
​ ​ ​ ​ 3,624 ​ ​ ​ ​ ​ 126,731 ​ ​
Whirlpool Corp.
​ ​ ​ ​ 212 ​ ​ ​ ​ ​ 29,307 ​ ​
Total Consumer Discretionary
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 527,435 ​ ​
Energy — 0.9% ​
Baker Hughes Co.
​ ​ ​ ​ 1,312 ​ ​ ​ ​ ​ 36,290 ​ ​
Health Care — 26.4% ​
Agilent Technologies, Inc.
​ ​ ​ ​ 227 ​ ​ ​ ​ ​ 31,405 ​ ​
Alnylam Pharmaceuticals, Inc.*
​ ​ ​ ​ 238 ​ ​ ​ ​ ​ 49,328 ​ ​
Biogen, Inc.*
​ ​ ​ ​ 672 ​ ​ ​ ​ ​ 190,472 ​ ​
BioMarin Pharmaceutical, Inc.*
​ ​ ​ ​ 459 ​ ​ ​ ​ ​ 39,763 ​ ​
Dexcom, Inc.*
​ ​ ​ ​ 439 ​ ​ ​ ​ ​ 53,022 ​ ​
Exact Sciences Corp.*
​ ​ ​ ​ 602 ​ ​ ​ ​ ​ 20,938 ​ ​
Exelixis, Inc.*
​ ​ ​ ​ 2,745 ​ ​ ​ ​ ​ 45,512 ​ ​
Horizon Therapeutics PLC*
​ ​ ​ ​ 446 ​ ​ ​ ​ ​ 27,795 ​ ​
Incyte Corp.*
​ ​ ​ ​ 1,391 ​ ​ ​ ​ ​ 103,407 ​ ​
Ionis Pharmaceuticals, Inc.*
​ ​ ​ ​ 966 ​ ​ ​ ​ ​ 42,697 ​ ​
Jazz Pharmaceuticals PLC*
​ ​ ​ ​ 243 ​ ​ ​ ​ ​ 34,941 ​ ​
Mirati Therapeutics, Inc.*(a)
​ ​ ​ ​ 420 ​ ​ ​ ​ ​ 28,274 ​ ​
Neurocrine Biosciences, Inc.*
​ ​ ​ ​ 242 ​ ​ ​ ​ ​ 27,859 ​ ​
Novavax, Inc.*
​ ​ ​ ​ 4,266 ​ ​ ​ ​ ​ 95,004 ​ ​
Organon & Co.
​ ​ ​ ​ 1,113 ​ ​ ​ ​ ​ 29,138 ​ ​
Sarepta Therapeutics, Inc.*
​ ​ ​ ​ 427 ​ ​ ​ ​ ​ 48,686 ​ ​
Seagen, Inc.*
​ ​ ​ ​ 610 ​ ​ ​ ​ ​ 77,568 ​ ​
Ultragenyx Pharmaceutical, Inc.*
​ ​ ​ ​ 715 ​ ​ ​ ​ ​ 28,929 ​ ​
Veeva Systems, Inc., Class A*
​ ​ ​ ​ 164 ​ ​ ​ ​ ​ 27,542 ​ ​
Viatris, Inc.
​ ​ ​ ​ 4,860 ​ ​ ​ ​ ​ 49,232 ​ ​
Zimmer Biomet Holdings, Inc.
​ ​ ​ ​ 236 ​ ​ ​ ​ ​ 26,751 ​ ​
Total Health Care
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,078,263 ​ ​
Industrials — 7.1% ​
AGCO Corp.
​ ​ ​ ​ 251 ​ ​ ​ ​ ​ 31,167 ​ ​
Carrier Global Corp.
​ ​ ​ ​ 832 ​ ​ ​ ​ ​ 33,080 ​ ​
Cummins, Inc.
​ ​ ​ ​ 346 ​ ​ ​ ​ ​ 84,600 ​ ​
Fortive Corp.
​ ​ ​ ​ 384 ​ ​ ​ ​ ​ 24,538 ​ ​
Lyft, Inc., Class A*
​ ​ ​ ​ 3,183 ​ ​ ​ ​ ​ 46,599 ​ ​
Rockwell Automation, Inc.
​ ​ ​ ​ 113 ​ ​ ​ ​ ​ 28,849 ​ ​
Textron, Inc.
​ ​ ​ ​ 625 ​ ​ ​ ​ ​ 42,775 ​ ​
Total Industrials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 291,608 ​ ​
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Information Technology — 35.9% ​
Affirm Holdings, Inc.*
​ ​ ​ ​ 1,191 ​ ​ ​ ​ $ 23,903 ​ ​
Akamai Technologies, Inc.*
​ ​ ​ ​ 151 ​ ​ ​ ​ ​ 13,338 ​ ​
ANSYS, Inc.*
​ ​ ​ ​ 62 ​ ​ ​ ​ ​ 13,712 ​ ​
AppLovin Corp., Class A*
​ ​ ​ ​ 767 ​ ​ ​ ​ ​ 13,008 ​ ​
Arista Networks, Inc.*
​ ​ ​ ​ 362 ​ ​ ​ ​ ​ 43,751 ​ ​
Cadence Design Systems, Inc.*
​ ​ ​ ​ 252 ​ ​ ​ ​ ​ 38,150 ​ ​
Ciena Corp.*
​ ​ ​ ​ 777 ​ ​ ​ ​ ​ 37,218 ​ ​
Cirrus Logic, Inc.*
​ ​ ​ ​ 206 ​ ​ ​ ​ ​ 13,827 ​ ​
Coherent Corp.*
​ ​ ​ ​ 324 ​ ​ ​ ​ ​ 10,890 ​ ​
Corning, Inc.
​ ​ ​ ​ 1,139 ​ ​ ​ ​ ​ 36,642 ​ ​
Crowdstrike Holdings, Inc., Class A*
​ ​ ​ ​ 97 ​ ​ ​ ​ ​ 15,636 ​ ​
Datadog, Inc., Class A*
​ ​ ​ ​ 225 ​ ​ ​ ​ ​ 18,115 ​ ​
Dell Technologies, Inc., Class C
​ ​ ​ ​ 3,146 ​ ​ ​ ​ ​ 120,806 ​ ​
DocuSign, Inc.*
​ ​ ​ ​ 286 ​ ​ ​ ​ ​ 13,814 ​ ​
Dropbox, Inc., Class A*
​ ​ ​ ​ 1,346 ​ ​ ​ ​ ​ 29,276 ​ ​
F5, Inc.*
​ ​ ​ ​ 127 ​ ​ ​ ​ ​ 18,150 ​ ​
Fortinet, Inc.*
​ ​ ​ ​ 334 ​ ​ ​ ​ ​ 19,091 ​ ​
GLOBALFOUNDRIES, Inc.*(a)
​ ​ ​ ​ 306 ​ ​ ​ ​ ​ 17,350 ​ ​
GoDaddy, Inc., Class A*
​ ​ ​ ​ 352 ​ ​ ​ ​ ​ 28,301 ​ ​
Hewlett Packard Enterprise Co.
​ ​ ​ ​ 5,575 ​ ​ ​ ​ ​ 79,555 ​ ​
HP, Inc.
​ ​ ​ ​ 2,179 ​ ​ ​ ​ ​ 60,184 ​ ​
HubSpot, Inc.*
​ ​ ​ ​ 46 ​ ​ ​ ​ ​ 13,642 ​ ​
Juniper Networks, Inc.
​ ​ ​ ​ 2,297 ​ ​ ​ ​ ​ 70,288 ​ ​
Keysight Technologies, Inc.*
​ ​ ​ ​ 315 ​ ​ ​ ​ ​ 54,857 ​ ​
Microchip Technology, Inc.
​ ​ ​ ​ 556 ​ ​ ​ ​ ​ 34,327 ​ ​
MongoDB, Inc.*
​ ​ ​ ​ 61 ​ ​ ​ ​ ​ 11,165 ​ ​
Motorola Solutions, Inc.
​ ​ ​ ​ 199 ​ ​ ​ ​ ​ 49,692 ​ ​
NetApp, Inc.
​ ​ ​ ​ 475 ​ ​ ​ ​ ​ 32,903 ​ ​
Nutanix, Inc., Class A*
​ ​ ​ ​ 886 ​ ​ ​ ​ ​ 24,276 ​ ​
Okta, Inc.*
​ ​ ​ ​ 362 ​ ​ ​ ​ ​ 20,315 ​ ​
ON Semiconductor Corp.*
​ ​ ​ ​ 329 ​ ​ ​ ​ ​ 20,211 ​ ​
Palantir Technologies, Inc., Class A*
​ ​ ​ ​ 1,636 ​ ​ ​ ​ ​ 14,380 ​ ​
Pure Storage, Inc., Class A*
​ ​ ​ ​ 795 ​ ​ ​ ​ ​ 24,534 ​ ​
Qorvo, Inc.*
​ ​ ​ ​ 267 ​ ​ ​ ​ ​ 22,983 ​ ​
RingCentral, Inc., Class A*
​ ​ ​ ​ 303 ​ ​ ​ ​ ​ 10,763 ​ ​
Skyworks Solutions, Inc.
​ ​ ​ ​ 222 ​ ​ ​ ​ ​ 19,094 ​ ​
Splunk, Inc.*
​ ​ ​ ​ 409 ​ ​ ​ ​ ​ 33,992 ​ ​
SS&C Technologies Holdings, Inc.
​ ​ ​ ​ 294 ​ ​ ​ ​ ​ 15,118 ​ ​
Synopsys, Inc.*
​ ​ ​ ​ 186 ​ ​ ​ ​ ​ 54,414 ​ ​
Teradyne, Inc.
​ ​ ​ ​ 191 ​ ​ ​ ​ ​ 15,538 ​ ​
Trimble, Inc.*
​ ​ ​ ​ 594 ​ ​ ​ ​ ​ 35,735 ​ ​
Twilio, Inc., Class A*
​ ​ ​ ​ 461 ​ ​ ​ ​ ​ 34,285 ​ ​
Unity Software, Inc.*(a)
​ ​ ​ ​ 831 ​ ​ ​ ​ ​ 24,515 ​ ​
Western Digital Corp.*
​ ​ ​ ​ 2,236 ​ ​ ​ ​ ​ 76,851 ​ ​
Wix.com Ltd.*
​ ​ ​ ​ 227 ​ ​ ​ ​ ​ 19,091 ​ ​
Zebra Technologies Corp., Class A*
​ ​ ​ ​ 126 ​ ​ ​ ​ ​ 35,686 ​ ​
Zendesk, Inc.*
​ ​ ​ ​ 192 ​ ​ ​ ​ ​ 14,725 ​ ​
Zoom Video Communications, Inc., Class A*
​ ​ ​ ​ 242 ​ ​ ​ ​ ​ 20,193 ​ ​
Total Information Technology
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,468,290 ​ ​
Materials — 6.9% ​
Corteva, Inc.
​ ​ ​ ​ 1,217 ​ ​ ​ ​ ​ 79,519 ​ ​
DuPont de Nemours, Inc.
​ ​ ​ ​ 703 ​ ​ ​ ​ ​ 40,211 ​ ​
Ginkgo Bioworks Holdings, Inc.*(a)
​ ​ ​ ​ 34,430 ​ ​ ​ ​ ​ 93,994 ​ ​
International Flavors & Fragrances, Inc.
​ ​ ​ ​ 395 ​ ​ ​ ​ ​ 38,556 ​ ​
​
See notes to financial statements.
112
TABLE OF CONTENTS
Schedule of Investments — IQ U.S. Mid Cap R&D Leaders ETF (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
Shares
​ ​
Value
​
Common Stocks (continued) ​
Materials (continued) ​
PPG Industries, Inc.
​ ​ ​ ​ 248 ​ ​ ​ ​ $ 28,317 ​ ​
Total Materials
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 280,597 ​ ​
Real Estate — 0.6% ​
Zillow Group, Inc., Class C*(a)
​ ​ ​ ​ 852 ​ ​ ​ ​ ​ 26,293 ​ ​
Total Common Stocks
(Cost $4,814,563)
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,082,860 ​ ​
Short-Term Investment — 3.2% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund — 3.2% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Dreyfus Government Cash Management
Fund, Institutional Shares, 2.91%(b)(c)
(Cost $130,043)
​ ​ ​ ​ 130,043 ​ ​ ​ ​
​
130,043
 ​ ​
​
​ ​ ​
Shares
​ ​
Value
​
Total Investments — 103.0% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(Cost $4,944,606)
 ​ ​ ​ ​ ​ ​ $ 4,212,903 ​ ​
Other Assets and Liabilities,
Net — (3.0)%
 ​ ​ ​ ​ ​ ​ ​ (121,935) ​ ​
Net Assets — 100.0%
 ​ ​ ​ ​ ​ ​ $ 4,090,968 ​ ​
​
​
*
Non-income producing securities.
​
(a)
All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $372,402; total market value of collateral held by the Fund was $379,043. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $249,000.
​
(b)
Reflects the 1-day yield at October 31, 2022.
​
(c)
Represents security purchased with cash collateral received for securities on loan.
​
​
The following is a summary of the inputs used to value the Fund’s investments as of October 31, 2022. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to Note 2.
Description
​ ​
Level 1
​ ​
Level 2
​ ​
Level 3
​ ​
Total
​
Asset Valuation Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments in Securities:(d) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Common Stocks
​ ​ ​ $ 4,082,860 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,082,860 ​ ​
Short-Term Investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Money Market Fund
​ ​ ​ ​ 130,043 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 130,043 ​ ​
Total Investments in Securities
​ ​ ​ $ 4,212,903 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 4,212,903 ​ ​
​
(d)
For a complete listing of investments and their industries, see the Schedule of Investments.
​
For the period ended October 31, 2022, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy. (See Note 1)
See notes to financial statements.
113​
TABLE OF CONTENTS​
Statements of Assets and Liabilities 
​
October 31, 2022 (unaudited)
​ ​ ​
IQ Hedge
Multi-Strategy
Tracker ETF
​ ​
IQ Hedge
Macro
Tracker ETF
​ ​
IQ Hedge
Market
Neutral
Tracker ETF
​ ​
IQ Hedge
Long/Short
Tracker ETF
​
Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments, at value (including securities on
loan)(a)
​ ​ ​ $ 757,536,151 ​ ​ ​ ​ $ 2,336,827 ​ ​ ​ ​ $ 7,673,881 ​ ​ ​ ​ $ 20,963,536 ​ ​
Investments in affiliates, at value
​ ​ ​ ​ 30,668,403 ​ ​ ​ ​ ​ 244,114 ​ ​ ​ ​ ​ 273,560 ​ ​ ​ ​ ​ 142,231 ​ ​
Deposits at broker for swap contracts
​ ​ ​ ​ 1,411,444 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Due from broker
​ ​ ​ ​ 1,468,190 ​ ​ ​ ​ ​ 6,821 ​ ​ ​ ​ ​ 1,360 ​ ​ ​ ​ ​ 115,214 ​ ​
Securities lending income receivable
​ ​ ​ ​ 188,557 ​ ​ ​ ​ ​ 286 ​ ​ ​ ​ ​ 3,745 ​ ​ ​ ​ ​ 2,862 ​ ​
Dividend receivable
​ ​ ​ ​ 391 ​ ​ ​ ​ ​ 15 ​ ​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 105 ​ ​
Prepaid expenses
​ ​ ​ ​ 115 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 114 ​ ​
Total Assets
​ ​ ​ ​ 791,273,251 ​ ​ ​ ​ ​ 2,588,063 ​ ​ ​ ​ ​ 7,952,585 ​ ​ ​ ​ ​ 21,224,062 ​ ​
Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Collateral for investments on loan
​ ​ ​ ​ 139,268,137 ​ ​ ​ ​ ​ 111,315 ​ ​ ​ ​ ​ 1,704,172 ​ ​ ​ ​ ​ 975,683 ​ ​
Due to broker
​ ​ ​ ​ 2,178,642 ​ ​ ​ ​ ​ 6,354 ​ ​ ​ ​ ​ 6,127 ​ ​ ​ ​ ​ 145,439 ​ ​
Cash due to custodian
​ ​ ​ ​ 595,354 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Advisory fees payable
​ ​ ​ ​ 287,714 ​ ​ ​ ​ ​ 839 ​ ​ ​ ​ ​ 2,275 ​ ​ ​ ​ ​ 6,501 ​ ​
Trustee fees payable
​ ​ ​ ​ 3,730 ​ ​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 239 ​ ​ ​ ​ ​ 47 ​ ​
Accrued expenses and other liabilities
​ ​ ​ ​ 1,798 ​ ​ ​ ​ ​ 21 ​ ​ ​ ​ ​ 106 ​ ​ ​ ​ ​ 25 ​ ​
Total Liabilities
​ ​ ​ ​ 142,335,375 ​ ​ ​ ​ ​ 118,571 ​ ​ ​ ​ ​ 1,712,919 ​ ​ ​ ​ ​ 1,127,695 ​ ​
Net Assets
​ ​ ​ $ 648,937,876 ​ ​ ​ ​ $ 2,469,492 ​ ​ ​ ​ $ 6,239,666 ​ ​ ​ ​ $ 20,096,367 ​ ​
Composition of Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Paid-in capital
​ ​ ​ $ 778,828,725 ​ ​ ​ ​ $ 8,054,976 ​ ​ ​ ​ $ 7,874,147 ​ ​ ​ ​ $ 24,018,882 ​ ​
Total distributable earnings/(accumulated loss)
​ ​ ​ ​ (129,890,849) ​ ​ ​ ​ ​ (5,585,484) ​ ​ ​ ​ ​ (1,634,481) ​ ​ ​ ​ ​ (3,922,515) ​ ​
Net Assets
​ ​ ​ $ 648,937,876 ​ ​ ​ ​ $ 2,469,492 ​ ​ ​ ​ $ 6,239,666 ​ ​ ​ ​ $ 20,096,367 ​ ​
NET ASSET VALUE PER SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares Outstanding (no par value, unlimited shares authorized)
​ ​ ​ ​ 23,050,000 ​ ​ ​ ​ ​ 100,000 ​ ​ ​ ​ ​ 250,000 ​ ​ ​ ​ ​ 850,000 ​ ​
Net Asset Value Per Share
​ ​ ​ $ 28.15 ​ ​ ​ ​ $ 24.69 ​ ​ ​ ​ $ 24.96 ​ ​ ​ ​ $ 23.64 ​ ​
Investments, at cost
​ ​ ​ $ 805,245,367 ​ ​ ​ ​ $ 2,450,325 ​ ​ ​ ​ $ 8,101,293 ​ ​ ​ ​ $ 23,640,523 ​ ​
Investments in affiliates, at cost
​ ​ ​ $ 31,419,890 ​ ​ ​ ​ $ 251,069 ​ ​ ​ ​ $ 280,995 ​ ​ ​ ​ $ 144,672 ​ ​
(a)Market value of securities on loan
​ ​ ​ $ 160,593,309 ​ ​ ​ ​ $ 107,494 ​ ​ ​ ​ $ 1,657,177 ​ ​ ​ ​ $ 950,418 ​ ​
See notes to financial statements.
114
TABLE OF CONTENTS
Statements of Assets and Liabilities (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
IQ Hedge
Event-Driven
Tracker ETF
​ ​
IQ Real
Return ETF
​ ​
IQ S&P High
Yield Low
Volatility
Bond ETF
​ ​
IQ Merger
Arbitrage ETF
​
Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments, at value (including securities on
loan)(a)
​ ​ ​ $ 7,239,436 ​ ​ ​ ​ $ 8,702,692 ​ ​ ​ ​ $ 18,085,740 ​ ​ ​ ​ $ 570,273,488 ​ ​
Investments in affiliates, at value
​ ​ ​ ​ 1,322 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Cash
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 14,047 ​ ​ ​ ​ ​ 135,566 ​ ​
Foreign currency(b)
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 205,361 ​ ​
Deposits at broker for swap contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,000,000 ​ ​
Restricted cash for swap contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,143,246 ​ ​
Securities lending income receivable
​ ​ ​ ​ 2,813 ​ ​ ​ ​ ​ 153 ​ ​ ​ ​ ​ 284 ​ ​ ​ ​ ​ 3,890 ​ ​
Due from broker
​ ​ ​ ​ 1,400 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 149,955 ​ ​
Dividend receivable
​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 2,184 ​ ​ ​ ​ ​ 528 ​ ​ ​ ​ ​ 1,724,910 ​ ​
Receivable for investments sold
​ ​ ​ ​ — ​ ​ ​ ​ ​ 126,869 ​ ​ ​ ​ ​ 1,208,299 ​ ​ ​ ​ ​ 1,281,215 ​ ​
Interest receivable
​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,818 ​ ​ ​ ​ ​ 244,627 ​ ​ ​ ​ ​ — ​ ​
Reclaims receivable
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 73,888 ​ ​
Total Assets
​ ​ ​ ​ 7,244,999 ​ ​ ​ ​ ​ 8,838,716 ​ ​ ​ ​ ​ 19,553,525 ​ ​ ​ ​ ​ 579,991,519 ​ ​
Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Collateral for investments on loan
​ ​ ​ ​ 1,052,769 ​ ​ ​ ​ ​ 2,485 ​ ​ ​ ​ ​ 79,258 ​ ​ ​ ​ ​ 13,105,735 ​ ​
Due to broker
​ ​ ​ ​ 4,518 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,874,804 ​ ​
Advisory fees payable
​ ​ ​ ​ 2,088 ​ ​ ​ ​ ​ 1,826 ​ ​ ​ ​ ​ 5,803 ​ ​ ​ ​ ​ 353,309 ​ ​
Trustee fees payable
​ ​ ​ ​ 94 ​ ​ ​ ​ ​ 558 ​ ​ ​ ​ ​ 850 ​ ​ ​ ​ ​ 2,591 ​ ​
Payable for investments purchased
​ ​ ​ ​ — ​ ​ ​ ​ ​ 124,023 ​ ​ ​ ​ ​ 1,314,507 ​ ​ ​ ​ ​ — ​ ​
Deposits from brokers for swap contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,143,245 ​ ​
Payable for capital shares repurchased
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,583,155 ​ ​
Compliance fees payable
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 122 ​ ​
Accrued expenses and other liabilities
​ ​ ​ ​ 95 ​ ​ ​ ​ ​ 433 ​ ​ ​ ​ ​ 882 ​ ​ ​ ​ ​ 3,866 ​ ​
Total Liabilities
​ ​ ​ ​ 1,059,564 ​ ​ ​ ​ ​ 129,325 ​ ​ ​ ​ ​ 1,401,300 ​ ​ ​ ​ ​ 21,066,827 ​ ​
Net Assets
​ ​ ​ $ 6,185,435 ​ ​ ​ ​ $ 8,709,391 ​ ​ ​ ​ $ 18,152,225 ​ ​ ​ ​ $ 558,924,692 ​ ​
Composition of Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Paid-in capital
​ ​ ​ $ 7,694,011 ​ ​ ​ ​ $ 13,014,999 ​ ​ ​ ​ $ 24,153,074 ​ ​ ​ ​ $ 626,200,653 ​ ​
Total distributable earnings/(accumulated loss)
​ ​ ​ ​ (1,508,576) ​ ​ ​ ​ ​ (4,305,608) ​ ​ ​ ​ ​ (6,000,849) ​ ​ ​ ​ ​ (67,275,961) ​ ​
Net Assets
​ ​ ​ $ 6,185,435 ​ ​ ​ ​ $ 8,709,391 ​ ​ ​ ​ $ 18,152,225 ​ ​ ​ ​ $ 558,924,692 ​ ​
NET ASSET VALUE PER SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares Outstanding (no par value, unlimited shares authorized)
​ ​ ​ ​ 300,000 ​ ​ ​ ​ ​ 350,000 ​ ​ ​ ​ ​ 850,000 ​ ​ ​ ​ ​ 17,650,000 ​ ​
Net Asset Value Per Share
​ ​ ​ $ 20.62 ​ ​ ​ ​ $ 24.88 ​ ​ ​ ​ $ 21.36 ​ ​ ​ ​ $ 31.67 ​ ​
Investments, at cost
​ ​ ​ $ 7,906,338 ​ ​ ​ ​ $ 9,683,108 ​ ​ ​ ​ $ 19,758,838 ​ ​ ​ ​ $ 580,911,009 ​ ​
Investments in affiliates, at cost
​ ​ ​ $ 1,322 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
(a)Market value of securities on loan
​ ​ ​ $ 1,023,962 ​ ​ ​ ​ $ 1,285,207 ​ ​ ​ ​ $ 76,648 ​ ​ ​ ​ $ 13,278,540 ​ ​
(b)Cost of foreign currency
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 203,620 ​ ​
See notes to financial statements.
115​
TABLE OF CONTENTS
Statements of Assets and Liabilities (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
IQ Global
Resources ETF
​ ​
IQ CBRE
NextGen Real
Estate ETF
​ ​
IQ FTSE
International
Equity Currency
Neutral ETF
​ ​
IQ Chaikin
U.S. Large
Cap ETF
​
Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments, at value (including securities on
loan)(a)
​ ​ ​ $ 36,269,892 ​ ​ ​ ​ $ 26,940,570 ​ ​ ​ ​ $ 265,567,682 ​ ​ ​ ​ $ 277,424,683 ​ ​
Cash
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Foreign currency(b)
​ ​ ​ ​ 9,160 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 104,657 ​ ​ ​ ​ ​ — ​ ​
Restricted cash for forward foreign currency contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,946,309 ​ ​ ​ ​ ​ — ​ ​
Receivable for investments sold
​ ​ ​ ​ 3,159,371 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,301,743 ​ ​
Dividend receivable
​ ​ ​ ​ 46,521 ​ ​ ​ ​ ​ 10,052 ​ ​ ​ ​ ​ 641,240 ​ ​ ​ ​ ​ 223,397 ​ ​
Reclaims receivable
​ ​ ​ ​ 44,348 ​ ​ ​ ​ ​ 258 ​ ​ ​ ​ ​ 619,050 ​ ​ ​ ​ ​ — ​ ​
Securities lending income receivable
​ ​ ​ ​ 153 ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1,335 ​ ​ ​ ​ ​ 343 ​ ​
Prepaid expenses
​ ​ ​ ​ 113 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Receivable for capital shares transactions
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,659 ​ ​
Unrealized appreciation on forward foreign currency contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,071,285 ​ ​ ​ ​ ​ — ​ ​
Prepaid expenses
​ ​ ​ ​ — ​ ​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 3,360 ​ ​ ​ ​ ​ 47 ​ ​
Total Assets
​ ​ ​ ​ 39,529,558 ​ ​ ​ ​ ​ 26,950,887 ​ ​ ​ ​ ​ 270,954,918 ​ ​ ​ ​ ​ 281,951,872 ​ ​
Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Payable for capital shares repurchased
​ ​ ​ ​ 3,159,178 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Collateral for investments on loan
​ ​ ​ ​ 26,704 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,097,062 ​ ​ ​ ​ ​ — ​ ​
Advisory fees payable
​ ​ ​ ​ 9,355 ​ ​ ​ ​ ​ 13,404 ​ ​ ​ ​ ​ 39,180 ​ ​ ​ ​ ​ 53,321 ​ ​
Payable for investments purchased
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9 ​ ​ ​ ​ ​ — ​ ​
Deposits from brokers for forward foreign currency
contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,946,309 ​ ​ ​ ​ ​ — ​ ​
Cash due to custodian
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 867,164 ​ ​ ​ ​ ​ 4,012,658 ​ ​
Foreign currency due to custodian(b)
​ ​ ​ ​ — ​ ​ ​ ​ ​ 29 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Trustee fees payable
​ ​ ​ ​ — ​ ​ ​ ​ ​ 285 ​ ​ ​ ​ ​ 1,826 ​ ​ ​ ​ ​ 1,645 ​ ​
Unrealized depreciation on forward foreign currency contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,093,157 ​ ​ ​ ​ ​ — ​ ​
Accrued expenses and other liabilities
​ ​ ​ ​ 4 ​ ​ ​ ​ ​ 246 ​ ​ ​ ​ ​ 1,039 ​ ​ ​ ​ ​ 831 ​ ​
Total Liabilities
​ ​ ​ ​ 3,195,241 ​ ​ ​ ​ ​ 13,964 ​ ​ ​ ​ ​ 6,045,746 ​ ​ ​ ​ ​ 4,068,455 ​ ​
Net Assets
​ ​ ​ $ 36,334,317 ​ ​ ​ ​ $ 26,936,923 ​ ​ ​ ​ $ 264,909,172 ​ ​ ​ ​ $ 277,883,417 ​ ​
Composition of Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Paid-in capital
​ ​ ​ $ 96,083,635 ​ ​ ​ ​ $ 46,525,954 ​ ​ ​ ​ $ 296,458,210 ​ ​ ​ ​ $ 325,131,518 ​ ​
Total distributable earnings/(accumulated loss)
​ ​ ​ ​ (59,749,318) ​ ​ ​ ​ ​ (19,589,031) ​ ​ ​ ​ ​ (31,549,038) ​ ​ ​ ​ ​ (47,248,101) ​ ​
Net Assets
​ ​ ​ $ 36,334,317 ​ ​ ​ ​ $ 26,936,923 ​ ​ ​ ​ $ 264,909,172 ​ ​ ​ ​ $ 277,883,417 ​ ​
NET ASSET VALUE PER SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares Outstanding (no par value, unlimited shares authorized)
​ ​ ​ ​ 1,150,000 ​ ​ ​ ​ ​ 1,450,000 ​ ​ ​ ​ ​ 13,000,000 ​ ​ ​ ​ ​ 8,900,000 ​ ​
Net Asset Value Per Share
​ ​ ​ $ 31.60 ​ ​ ​ ​ $ 18.58 ​ ​ ​ ​ $ 20.38 ​ ​ ​ ​ $ 31.22 ​ ​
Investments, at cost
​ ​ ​ $ 35,519,055 ​ ​ ​ ​ $ 29,428,120 ​ ​ ​ ​ $ 305,940,960 ​ ​ ​ ​ $ 288,040,901 ​ ​
(a)Market value of securities on loan
​ ​ ​ $ 827,684 ​ ​ ​ ​ $ 181,780 ​ ​ ​ ​ $ 3,117,925 ​ ​ ​ ​ $ 3,359,566 ​ ​
(b)Cost of foreign currency
​ ​ ​ $ 8,972 ​ ​ ​ ​ $ (29) ​ ​ ​ ​ $ 103,401 ​ ​ ​ ​ $ — ​ ​
See notes to financial statements.
116
TABLE OF CONTENTS
Statements of Assets and Liabilities (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
IQ Chaikin
U.S. Small
Cap ETF
​ ​
IQ 500
International
ETF
​ ​
IQ Candriam
ESG U.S.
Large Cap
Equity ETF
​ ​
IQ Candriam
ESG U.S. Mid
Cap Equity
ETF
​
Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments, at value (including securities on
loan)(a)
​ ​ ​ $ 239,072,442 ​ ​ ​ ​ $ 183,465,466 ​ ​ ​ ​ $ 371,954,807 ​ ​ ​ ​ $ 5,219,668 ​ ​
Receivable for capital shares transactions
​ ​ ​ ​ 1,631,504 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Dividend receivable
​ ​ ​ ​ 69,494 ​ ​ ​ ​ ​ 746,998 ​ ​ ​ ​ ​ 283,581 ​ ​ ​ ​ ​ 1,993 ​ ​
Securities lending income receivable
​ ​ ​ ​ 1,644 ​ ​ ​ ​ ​ 5,597 ​ ​ ​ ​ ​ 446 ​ ​ ​ ​ ​ — ​ ​
Receivable for investments sold
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 524,847 ​ ​ ​ ​ ​ — ​ ​
Due from advisor
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,375 ​ ​ ​ ​ ​ — ​ ​
Interest receivable
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 25 ​ ​
Reclaims receivable
​ ​ ​ ​ — ​ ​ ​ ​ ​ 311,339 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Prepaid expenses
​ ​ ​ ​ 37 ​ ​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 64 ​ ​ ​ ​ ​ — ​ ​
Total Assets
​ ​ ​ ​ 240,775,121 ​ ​ ​ ​ ​ 184,529,430 ​ ​ ​ ​ ​ 372,768,120 ​ ​ ​ ​ ​ 5,221,686 ​ ​
Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Payable for investments purchased
​ ​ ​ ​ 1,631,984 ​ ​ ​ ​ ​ 8 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Collateral for investments on loan
​ ​ ​ ​ 858,535 ​ ​ ​ ​ ​ 3,488,171 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Advisory fees payable
​ ​ ​ ​ 63,040 ​ ​ ​ ​ ​ 35,036 ​ ​ ​ ​ ​ 27,543 ​ ​ ​ ​ ​ 139 ​ ​
Cash due to custodian
​ ​ ​ ​ — ​ ​ ​ ​ ​ 121,342 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Foreign currency due to custodian(b)
​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,459 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Trustee fees payable
​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,370 ​ ​ ​ ​ ​ 2,796 ​ ​ ​ ​ ​ 3 ​ ​
Accrued expenses and other liabilities
​ ​ ​ ​ 133 ​ ​ ​ ​ ​ 868 ​ ​ ​ ​ ​ 1,644 ​ ​ ​ ​ ​ 6 ​ ​
Total Liabilities
​ ​ ​ ​ 2,553,692 ​ ​ ​ ​ ​ 3,649,254 ​ ​ ​ ​ ​ 31,983 ​ ​ ​ ​ ​ 148 ​ ​
Net Assets
​ ​ ​ $ 238,221,429 ​ ​ ​ ​ $ 180,880,176 ​ ​ ​ ​ $ 372,736,137 ​ ​ ​ ​ $ 5,221,538 ​ ​
Composition of Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Paid-in capital
​ ​ ​ $ 314,367,266 ​ ​ ​ ​ $ 217,208,041 ​ ​ ​ ​ $ 371,671,962 ​ ​ ​ ​ $ 5,040,057 ​ ​
Total distributable earnings/(accumulated loss)
​ ​ ​ ​ (76,145,837) ​ ​ ​ ​ ​ (36,327,865) ​ ​ ​ ​ ​ 1,064,175 ​ ​ ​ ​ ​ 181,481 ​ ​
Net Assets
​ ​ ​ $ 238,221,429 ​ ​ ​ ​ $ 180,880,176 ​ ​ ​ ​ $ 372,736,137 ​ ​ ​ ​ $ 5,221,538 ​ ​
NET ASSET VALUE PER SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares Outstanding (no par value, unlimited shares authorized)
​ ​ ​ ​ 7,300,000 ​ ​ ​ ​ ​ 7,000,000 ​ ​ ​ ​ ​ 11,350,000 ​ ​ ​ ​ ​ 200,000 ​ ​
Net Asset Value Per Share
​ ​ ​ $ 32.63 ​ ​ ​ ​ $ 25.84 ​ ​ ​ ​ $ 32.84 ​ ​ ​ ​ $ 26.11 ​ ​
Investments, at cost
​ ​ ​ $ 247,273,449 ​ ​ ​ ​ $ 215,738,109 ​ ​ ​ ​ $ 377,357,771 ​ ​ ​ ​ $ 5,040,032 ​ ​
(a)Market value of securities on loan
​ ​ ​ $ 6,377,907 ​ ​ ​ ​ $ 4,703,890 ​ ​ ​ ​ $ 5,496,291 ​ ​ ​ ​ $ — ​ ​
(b)Cost of foreign currency
​ ​ ​ $ — ​ ​ ​ ​ $ (2,790) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
See notes to financial statements.
117​
TABLE OF CONTENTS
Statements of Assets and Liabilities (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
IQ Candriam
ESG
International
Equity ETF
​ ​
IQ Healthy
Hearts ETF
​ ​
IQ Engender
Equality ETF
​ ​
IQ Cleaner
Transport ETF
​
Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments, at value (including securities on
loan)(a)
​ ​ ​ $ 181,528,541 ​ ​ ​ ​ $ 7,665,063 ​ ​ ​ ​ $ 5,241,624 ​ ​ ​ ​ $ 4,388,646 ​ ​
Dividend receivable
​ ​ ​ ​ 463,910 ​ ​ ​ ​ ​ 3,737 ​ ​ ​ ​ ​ 4,590 ​ ​ ​ ​ ​ 6,343 ​ ​
Reclaims receivable
​ ​ ​ ​ 289,540 ​ ​ ​ ​ ​ 8,119 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,800 ​ ​
Receivable for investments sold
​ ​ ​ ​ 53,470 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Due from advisor
​ ​ ​ ​ 1,962 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Securities lending income receivable
​ ​ ​ ​ 1,096 ​ ​ ​ ​ ​ 28 ​ ​ ​ ​ ​ 10 ​ ​ ​ ​ ​ 3 ​ ​
Prepaid expenses
​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​
Total Assets
​ ​ ​ ​ 182,338,550 ​ ​ ​ ​ ​ 7,676,948 ​ ​ ​ ​ ​ 5,246,224 ​ ​ ​ ​ ​ 4,400,793 ​ ​
Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Collateral for investments on loan
​ ​ ​ ​ 958,587 ​ ​ ​ ​ ​ 25,172 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,710 ​ ​
Foreign currency due to custodian(b)
​ ​ ​ ​ 143,014 ​ ​ ​ ​ ​ 128 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Advisory fees payable
​ ​ ​ ​ 22,425 ​ ​ ​ ​ ​ 2,745 ​ ​ ​ ​ ​ 1,845 ​ ​ ​ ​ ​ 1,560 ​ ​
Trustee fees payable
​ ​ ​ ​ 1,022 ​ ​ ​ ​ ​ 47 ​ ​ ​ ​ ​ 129 ​ ​ ​ ​ ​ 157 ​ ​
Cash due to custodian
​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,032 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,027 ​ ​
Accrued expenses and other liabilities
​ ​ ​ ​ 588 ​ ​ ​ ​ ​ 22 ​ ​ ​ ​ ​ 38 ​ ​ ​ ​ ​ 45 ​ ​
Total Liabilities
​ ​ ​ ​ 1,125,636 ​ ​ ​ ​ ​ 29,146 ​ ​ ​ ​ ​ 2,012 ​ ​ ​ ​ ​ 10,499 ​ ​
Net Assets
​ ​ ​ $ 181,212,914 ​ ​ ​ ​ $ 7,647,802 ​ ​ ​ ​ $ 5,244,212 ​ ​ ​ ​ $ 4,390,294 ​ ​
Composition of Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Paid-in capital
​ ​ ​ $ 207,814,901 ​ ​ ​ ​ $ 8,274,195 ​ ​ ​ ​ $ 6,398,834 ​ ​ ​ ​ $ 6,490,878 ​ ​
Total distributable earnings/(accumulated loss)
​ ​ ​ ​ (26,601,987) ​ ​ ​ ​ ​ (626,393) ​ ​ ​ ​ ​ (1,154,622) ​ ​ ​ ​ ​ (2,100,584) ​ ​
Net Assets
​ ​ ​ $ 181,212,914 ​ ​ ​ ​ $ 7,647,802 ​ ​ ​ ​ $ 5,244,212 ​ ​ ​ ​ $ 4,390,294 ​ ​
NET ASSET VALUE PER SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares Outstanding (no par value, unlimited shares authorized)
​ ​ ​ ​ 8,100,000 ​ ​ ​ ​ ​ 300,000 ​ ​ ​ ​ ​ 250,000 ​ ​ ​ ​ ​ 250,000 ​ ​
Net Asset Value Per Share
​ ​ ​ $ 22.37 ​ ​ ​ ​ $ 25.49 ​ ​ ​ ​ $ 20.98 ​ ​ ​ ​ $ 17.56 ​ ​
Investments, at cost
​ ​ ​ $ 203,679,622 ​ ​ ​ ​ $ 7,840,999 ​ ​ ​ ​ $ 5,748,323 ​ ​ ​ ​ $ 5,863,291 ​ ​
(a)Market value of securities on loan
​ ​ ​ $ 1,169,902 ​ ​ ​ ​ $ 212,623 ​ ​ ​ ​ $ 115,500 ​ ​ ​ ​ $ 4,574 ​ ​
(b)Cost of foreign currency
​ ​ ​ $ (141,310) ​ ​ ​ ​ $ (130) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
See notes to financial statements.
118
TABLE OF CONTENTS
Statements of Assets and Liabilities (continued)
​
October 31, 2022 (unaudited)
​ ​ ​
IQ Clean
Oceans ETF
​ ​
IQ Global
Equity
R&D Leaders
ETF
​ ​
IQ U.S.
Large Cap
R&D Leaders
ETF
​ ​
IQ U.S.
Mid Cap
R&D Leaders
ETF
​
Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investments, at value (including securities on
loan)(a)
​ ​ ​ $ 4,410,848 ​ ​ ​ ​ $ 3,817,336 ​ ​ ​ ​ $ 4,052,213 ​ ​ ​ ​ $ 4,212,903 ​ ​
Foreign currency(b)
​ ​ ​ ​ — ​ ​ ​ ​ ​ 409 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Dividend receivable
​ ​ ​ ​ 6,464 ​ ​ ​ ​ ​ 5,489 ​ ​ ​ ​ ​ 2,249 ​ ​ ​ ​ ​ 135 ​ ​
Reclaims receivable
​ ​ ​ ​ 2,847 ​ ​ ​ ​ ​ 2,242 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Securities lending income receivable
​ ​ ​ ​ 23 ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 337 ​ ​
Receivable for investments sold
​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,985 ​ ​ ​ ​ ​ 18,627 ​ ​ ​ ​ ​ — ​ ​
Interest receivable
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 69,464 ​ ​
Total Assets
​ ​ ​ ​ 4,420,182 ​ ​ ​ ​ ​ 3,835,463 ​ ​ ​ ​ ​ 4,073,134 ​ ​ ​ ​ ​ 4,282,839 ​ ​
Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Collateral for investments on loan
​ ​ ​ ​ 5,800 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,216 ​ ​ ​ ​ ​ 130,043 ​ ​
Advisory fees payable
​ ​ ​ ​ 1,579 ​ ​ ​ ​ ​ 528 ​ ​ ​ ​ ​ 419 ​ ​ ​ ​ ​ 479 ​ ​
Trustee fees payable
​ ​ ​ ​ 117 ​ ​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 24 ​ ​ ​ ​ ​ 25 ​ ​
Foreign currency due to custodian(b)
​ ​ ​ ​ 2 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Payable for investments purchased
​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 4,007 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Cash due to custodian
​ ​ ​ ​ — ​ ​ ​ ​ ​ 11,102 ​ ​ ​ ​ ​ 16,168 ​ ​ ​ ​ ​ 61,279 ​ ​
Accrued expenses and other liabilities
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 42 ​ ​ ​ ​ ​ 45 ​ ​
Total Liabilities
​ ​ ​ ​ 7,529 ​ ​ ​ ​ ​ 15,703 ​ ​ ​ ​ ​ 17,869 ​ ​ ​ ​ ​ 191,871 ​ ​
Net Assets
​ ​ ​ $ 4,412,653 ​ ​ ​ ​ $ 3,819,760 ​ ​ ​ ​ $ 4,055,265 ​ ​ ​ ​ $ 4,090,968 ​ ​
Composition of Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Paid-in capital
​ ​ ​ $ 6,215,912 ​ ​ ​ ​ $ 5,051,298 ​ ​ ​ ​ $ 5,053,583 ​ ​ ​ ​ $ 5,139,287 ​ ​
Total distributable earnings/(accumulated loss)
​ ​ ​ ​ (1,803,259) ​ ​ ​ ​ ​ (1,231,538) ​ ​ ​ ​ ​ (998,318) ​ ​ ​ ​ ​ (1,048,319) ​ ​
Net Assets
​ ​ ​ $ 4,412,653 ​ ​ ​ ​ $ 3,819,760 ​ ​ ​ ​ $ 4,055,265 ​ ​ ​ ​ $ 4,090,968 ​ ​
NET ASSET VALUE PER SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares Outstanding (no par value, unlimited shares authorized)
​ ​ ​ ​ 250,000 ​ ​ ​ ​ ​ 200,000 ​ ​ ​ ​ ​ 200,000 ​ ​ ​ ​ ​ 200,000 ​ ​
Net Asset Value Per Share
​ ​ ​ $ 17.65 ​ ​ ​ ​ $ 19.10 ​ ​ ​ ​ $ 20.28 ​ ​ ​ ​ $ 20.45 ​ ​
Investments, at cost
​ ​ ​ $ 5,527,568 ​ ​ ​ ​ $ 4,886,646 ​ ​ ​ ​ $ 4,956,411 ​ ​ ​ ​ $ 4,944,606 ​ ​
(a)Market value of securities on loan
​ ​ ​ $ 5,604 ​ ​ ​ ​ $ 9,966 ​ ​ ​ ​ $ 27,208 ​ ​ ​ ​ $ 372,402 ​ ​
(b)Cost of foreign currency
​ ​ ​ $ (2) ​ ​ ​ ​ $ 409 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
See notes to financial statements.
119​
TABLE OF CONTENTS​
Statements of Operations 
​
For the Six Months Ended October 31, 2022 (unaudited)
​ ​ ​
IQ Hedge
Multi-Strategy
Tracker ETF
​ ​
IQ Hedge
Macro
Tracker ETF
​ ​
IQ Hedge
Market Neutral
Tracker ETF
​ ​
IQ Hedge
Long/Short
Tracker ETF
​
Investment Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Dividend income
​ ​ ​ $ 8,018,954 ​ ​ ​ ​ $ 23,446 ​ ​ ​ ​ $ 175,176 ​ ​ ​ ​ $ 293,252 ​ ​
Dividend income from affiliates
​ ​ ​ ​ 681,468 ​ ​ ​ ​ ​ 6,853 ​ ​ ​ ​ ​ 8,388 ​ ​ ​ ​ ​ 2,395 ​ ​
Securities lending income, net of borrower rebates
​ ​ ​ ​ 978,871 ​ ​ ​ ​ ​ 1,509 ​ ​ ​ ​ ​ 31,895 ​ ​ ​ ​ ​ 20,027 ​ ​
Total investment income
​ ​ ​ ​ 9,679,293 ​ ​ ​ ​ ​ 31,808 ​ ​ ​ ​ ​ 215,459 ​ ​ ​ ​ ​ 315,674 ​ ​
Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Advisory fees (See Note 3)
​ ​ ​ ​ 2,653,769 ​ ​ ​ ​ ​ 9,385 ​ ​ ​ ​ ​ 31,787 ​ ​ ​ ​ ​ 63,743 ​ ​
Proxy fees
​ ​ ​ ​ 52,872 ​ ​ ​ ​ ​ 459 ​ ​ ​ ​ ​ 1,503 ​ ​ ​ ​ ​ 2,605 ​ ​
Trustee fees
​ ​ ​ ​ 23,824 ​ ​ ​ ​ ​ 123 ​ ​ ​ ​ ​ 507 ​ ​ ​ ​ ​ 624 ​ ​
Legal fees
​ ​ ​ ​ 16,416 ​ ​ ​ ​ ​ 81 ​ ​ ​ ​ ​ 330 ​ ​ ​ ​ ​ 416 ​ ​
Compliance fees
​ ​ ​ ​ 24 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Miscellaneous
​ ​ ​ ​ 199 ​ ​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 29 ​ ​
Total expenses
​ ​ ​ ​ 2,747,104 ​ ​ ​ ​ ​ 10,077 ​ ​ ​ ​ ​ 34,157 ​ ​ ​ ​ ​ 67,417 ​ ​
Waivers/Reimbursement (See Note 3)
​ ​ ​ ​ (778,441) ​ ​ ​ ​ ​ (3,589) ​ ​ ​ ​ ​ (12,573) ​ ​ ​ ​ ​ (23,554) ​ ​
Net expenses
​ ​ ​ ​ 1,968,663 ​ ​ ​ ​ ​ 6,488 ​ ​ ​ ​ ​ 21,584 ​ ​ ​ ​ ​ 43,863 ​ ​
Net investment income
​ ​ ​ ​ 7,710,630 ​ ​ ​ ​ ​ 25,320 ​ ​ ​ ​ ​ 193,875 ​ ​ ​ ​ ​ 271,811 ​ ​
Realized and Unrealized Gain (Loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net realized gain (loss) from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (36,978,440) ​ ​ ​ ​ ​ (171,211) ​ ​ ​ ​ ​ (373,820) ​ ​ ​ ​ ​ (475,799) ​ ​
Investment in affiliates
​ ​ ​ ​ (1,750,227) ​ ​ ​ ​ ​ (18,308) ​ ​ ​ ​ ​ (15,741) ​ ​ ​ ​ ​ (2,098) ​ ​
In-Kind redemptions
​ ​ ​ ​ 625,831 ​ ​ ​ ​ ​ 34,878 ​ ​ ​ ​ ​ (422,554) ​ ​ ​ ​ ​ (71,855) ​ ​
Affiliates in-kind redemptions
​ ​ ​ ​ (38,472) ​ ​ ​ ​ ​ (3,060) ​ ​ ​ ​ ​ (8,636) ​ ​ ​ ​ ​ 30 ​ ​
Swap transactions
​ ​ ​ ​ 227,561 ​ ​ ​ ​ ​ 12,129 ​ ​ ​ ​ ​ 32,469 ​ ​ ​ ​ ​ (21,752) ​ ​
Net realized gain (loss)
​ ​ ​ ​ (37,913,747) ​ ​ ​ ​ ​ (145,572) ​ ​ ​ ​ ​ (788,282) ​ ​ ​ ​ ​ (571,474) ​ ​
Net change in net unrealized appreciation (depreciation) on:
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (10,200,687) ​ ​ ​ ​ ​ (89,154) ​ ​ ​ ​ ​ 49,683 ​ ​ ​ ​ ​ (927,296) ​ ​
Investment in affiliates
​ ​ ​ ​ 714,472 ​ ​ ​ ​ ​ 9,934 ​ ​ ​ ​ ​ 10,028 ​ ​ ​ ​ ​ (1,338) ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (9,486,215) ​ ​ ​ ​ ​ (79,220) ​ ​ ​ ​ ​ 59,711 ​ ​ ​ ​ ​ (928,634) ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (47,399,962) ​ ​ ​ ​ ​ (224,792) ​ ​ ​ ​ ​ (728,571) ​ ​ ​ ​ ​ (1,500,108) ​ ​
Net Increase (Decrease) in Net Assets Resulting from Operations
 ​ ​ ​ $ (39,689,332) ​ ​ ​ ​ $ (199,472) ​ ​ ​ ​ $ (534,696) ​ ​ ​ ​ $ (1,228,297) ​ ​
See notes to financial statements.
120
TABLE OF CONTENTS
Statements of Operations (continued)
​
For the Six Months Ended October 31, 2022 (unaudited)
​ ​ ​
IQ Hedge
Event-Driven
Tracker ETF
​ ​
IQ Real
Return ETF
​ ​
IQ S&P High
Yield Low
Volatility
Bond ETF
​ ​
IQ Merger
Arbitrage ETF
​
Investment Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Dividend income*
​ ​ ​ $ 106,471 ​ ​ ​ ​ $ 393,197 ​ ​ ​ ​ $ 1,811 ​ ​ ​ ​ $ 7,470,734 ​ ​
Dividend income from affiliates
​ ​ ​ ​ 36 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 14,616 ​ ​
Interest income
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 441,889 ​ ​ ​ ​ ​ — ​ ​
Securities lending income, net of borrower rebates
​ ​ ​ ​ 12,232 ​ ​ ​ ​ ​ 1,107 ​ ​ ​ ​ ​ 1,390 ​ ​ ​ ​ ​ 13,723 ​ ​
Total investment income
​ ​ ​ ​ 118,739 ​ ​ ​ ​ ​ 394,304 ​ ​ ​ ​ ​ 445,090 ​ ​ ​ ​ ​ 7,499,073 ​ ​
Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Advisory fees (See Note 3)
​ ​ ​ ​ 25,419 ​ ​ ​ ​ ​ 21,727 ​ ​ ​ ​ ​ 37,727 ​ ​ ​ ​ ​ 2,096,978 ​ ​
Proxy fees
​ ​ ​ ​ 1,514 ​ ​ ​ ​ ​ 2,462 ​ ​ ​ ​ ​ 2,308 ​ ​ ​ ​ ​ 49,744 ​ ​
Trustee fees
​ ​ ​ ​ 296 ​ ​ ​ ​ ​ 782 ​ ​ ​ ​ ​ 744 ​ ​ ​ ​ ​ 17,746 ​ ​
Legal fees
​ ​ ​ ​ 211 ​ ​ ​ ​ ​ 512 ​ ​ ​ ​ ​ 541 ​ ​ ​ ​ ​ 11,513 ​ ​
Compliance fees
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 19 ​ ​
Miscellaneous
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 202 ​ ​ ​ ​ ​ 29 ​ ​
Total expenses
​ ​ ​ ​ 27,470 ​ ​ ​ ​ ​ 25,513 ​ ​ ​ ​ ​ 41,523 ​ ​ ​ ​ ​ 2,176,029 ​ ​
Waivers/Reimbursement (See Note 3)
​ ​ ​ ​ (9,739) ​ ​ ​ ​ ​ (4,495) ​ ​ ​ ​ ​ (1,488) ​ ​ ​ ​ ​ — ​ ​
Net expenses
​ ​ ​ ​ 17,731 ​ ​ ​ ​ ​ 21,018 ​ ​ ​ ​ ​ 40,035 ​ ​ ​ ​ ​ 2,176,029 ​ ​
Net investment income
​ ​ ​ ​ 101,008 ​ ​ ​ ​ ​ 373,286 ​ ​ ​ ​ ​ 405,055 ​ ​ ​ ​ ​ 5,323,044 ​ ​
Realized and Unrealized Gain (Loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net realized gain (loss) from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (492,775) ​ ​ ​ ​ ​ (67,611) ​ ​ ​ ​ ​ (760,623) ​ ​ ​ ​ ​ (19,379,013) ​ ​
Investment in affiliates
​ ​ ​ ​ (112) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (26,817) ​ ​
In-Kind redemptions
​ ​ ​ ​ (70,137) ​ ​ ​ ​ ​ (1,126,174) ​ ​ ​ ​ ​ (202,562) ​ ​ ​ ​ ​ (1,532,013) ​ ​
Affiliates in-kind redemptions
​ ​ ​ ​ (7) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 37 ​ ​
Swap transactions
​ ​ ​ ​ (4,033) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 9,798,028 ​ ​
Foreign currency transactions
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (74,701) ​ ​
Net realized gain (loss)
​ ​ ​ ​ (567,064) ​ ​ ​ ​ ​ (1,193,785) ​ ​ ​ ​ ​ (963,185) ​ ​ ​ ​ ​ (11,214,479) ​ ​
Net change in net unrealized appreciation (depreciation) on:
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ 150,440 ​ ​ ​ ​ ​ (262,362) ​ ​ ​ ​ ​ (5,553) ​ ​ ​ ​ ​ 2,789,862 ​ ​
Investment in affiliates
​ ​ ​ ​ 59 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Foreign currency translations
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (103,915) ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ 150,499 ​ ​ ​ ​ ​ (262,362) ​ ​ ​ ​ ​ (5,553) ​ ​ ​ ​ ​ 2,685,947 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (416,565) ​ ​ ​ ​ ​ (1,456,147) ​ ​ ​ ​ ​ (968,738) ​ ​ ​ ​ ​ (8,528,532) ​ ​
Net Increase (Decrease) in Net Assets Resulting from Operations
 ​ ​ ​ $ (315,557) ​ ​ ​ ​ $ (1,082,861) ​ ​ ​ ​ $ (563,683) ​ ​ ​ ​ $ (3,205,488) ​ ​
*Net of foreign taxes withheld of:
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 31,568 ​ ​
See notes to financial statements.
121​
TABLE OF CONTENTS
Statements of Operations (continued)
​
For the Six Months Ended October 31, 2022 (unaudited)
​ ​ ​
IQ Global
Resources ETF
​ ​
IQ CBRE
NextGen Real
Estate ETF
​ ​
IQ FTSE
International
Equity
Currency
Neutral ETF
​ ​
IQ Chaikin U.S.
Large Cap ETF
​
Investment Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Dividend income*
​ ​ ​ $ 1,054,330 ​ ​ ​ ​ $ 743,438 ​ ​ ​ ​ $ 4,495,676 ​ ​ ​ ​ $ 2,587,365 ​ ​
Securities lending income, net of borrower rebates
​ ​ ​ ​ 1,502 ​ ​ ​ ​ ​ 1,341 ​ ​ ​ ​ ​ 17,858 ​ ​ ​ ​ ​ 7,624 ​ ​
Total investment income
​ ​ ​ ​ 1,055,832 ​ ​ ​ ​ ​ 744,779 ​ ​ ​ ​ ​ 4,513,534 ​ ​ ​ ​ ​ 2,594,989 ​ ​
Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Advisory fees (See Note 3)
​ ​ ​ ​ 57,675 ​ ​ ​ ​ ​ 113,249 ​ ​ ​ ​ ​ 365,713 ​ ​ ​ ​ ​ 360,983 ​ ​
Proxy fees
​ ​ ​ ​ 4,098 ​ ​ ​ ​ ​ 4,624 ​ ​ ​ ​ ​ 10,113 ​ ​ ​ ​ ​ 4,652 ​ ​
Trustee fees
​ ​ ​ ​ 1,054 ​ ​ ​ ​ ​ 1,240 ​ ​ ​ ​ ​ 8,539 ​ ​ ​ ​ ​ 9,848 ​ ​
Legal fees
​ ​ ​ ​ 703 ​ ​ ​ ​ ​ 842 ​ ​ ​ ​ ​ 5,704 ​ ​ ​ ​ ​ 6,585 ​ ​
Compliance fees
​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 1 ​ ​ ​ ​ ​ 8 ​ ​ ​ ​ ​ 10 ​ ​
Miscellaneous
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 30 ​ ​
Total expenses
​ ​ ​ ​ 63,561 ​ ​ ​ ​ ​ 119,986 ​ ​ ​ ​ ​ 390,106 ​ ​ ​ ​ ​ 382,108 ​ ​
Waivers/Reimbursement (See Note 3)
​ ​ ​ ​ (1,788) ​ ​ ​ ​ ​ (504) ​ ​ ​ ​ ​ (132,653) ​ ​ ​ ​ ​ (16,473) ​ ​
Net expenses
​ ​ ​ ​ 61,773 ​ ​ ​ ​ ​ 119,482 ​ ​ ​ ​ ​ 257,453 ​ ​ ​ ​ ​ 365,635 ​ ​
Net investment income
​ ​ ​ ​ 994,059 ​ ​ ​ ​ ​ 625,297 ​ ​ ​ ​ ​ 4,256,081 ​ ​ ​ ​ ​ 2,229,354 ​ ​
Realized and Unrealized Gain (Loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net realized gain (loss) from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (613,226) ​ ​ ​ ​ ​ (10,140,741) ​ ​ ​ ​ ​ (4,652,142) ​ ​ ​ ​ ​ 1,077,618 ​ ​
In-Kind redemptions
​ ​ ​ ​ 725,516 ​ ​ ​ ​ ​ (220,015) ​ ​ ​ ​ ​ 1,090,833 ​ ​ ​ ​ ​ 584,800 ​ ​
Forward foreign currency contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 18,594,079 ​ ​ ​ ​ ​ — ​ ​
Foreign currency transactions
​ ​ ​ ​ (18,501) ​ ​ ​ ​ ​ 6,144 ​ ​ ​ ​ ​ (153,937) ​ ​ ​ ​ ​ — ​ ​
Net realized gain (loss)
​ ​ ​ ​ 93,789 ​ ​ ​ ​ ​ (10,354,612) ​ ​ ​ ​ ​ 14,878,833 ​ ​ ​ ​ ​ 1,662,418 ​ ​
Net change in net unrealized appreciation (depreciation) on:
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (3,917,850) ​ ​ ​ ​ ​ 1,383,088 ​ ​ ​ ​ ​ (35,060,271) ​ ​ ​ ​ ​ (11,642,441) ​ ​
Forward foreign currency contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (7,187,724) ​ ​ ​ ​ ​ — ​ ​
Foreign currency translations
​ ​ ​ ​ (1,347) ​ ​ ​ ​ ​ (1) ​ ​ ​ ​ ​ 24,057 ​ ​ ​ ​ ​ — ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (3,919,197) ​ ​ ​ ​ ​ 1,383,087 ​ ​ ​ ​ ​ (42,223,938) ​ ​ ​ ​ ​ (11,642,441) ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (3,825,408) ​ ​ ​ ​ ​ (8,971,525) ​ ​ ​ ​ ​ (27,345,105) ​ ​ ​ ​ ​ (9,980,023) ​ ​
Net Increase (Decrease) in Net Assets Resulting from Operations
 ​ ​ ​ $ (2,831,349) ​ ​ ​ ​ $ (8,346,228) ​ ​ ​ ​ $ (23,089,024) ​ ​ ​ ​ $ (7,750,669) ​ ​
*Net of foreign taxes withheld of:
​ ​ ​ $ 36,986 ​ ​ ​ ​ $ 2,800 ​ ​ ​ ​ $ 371,258 ​ ​ ​ ​ $ 4,449 ​ ​
See notes to financial statements.
122
TABLE OF CONTENTS
Statements of Operations (continued)
​
For the Six Months Ended October 31, 2022 (unaudited)
​ ​ ​
IQ Chaikin U.S.
Small Cap ETF
​ ​
IQ 500
International
ETF
​ ​
IQ Candriam
ESG U.S.
Large Cap
Equity ETF
​ ​
IQ Candriam
ESG U.S.
Mid Cap
Equity ETF**
​
Investment Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Dividend income*
​ ​ ​ $ 1,897,837 ​ ​ ​ ​ $ 3,888,532 ​ ​ ​ ​ $ 3,001,511 ​ ​ ​ ​ $ 1,993 ​ ​
Securities lending income, net of borrower rebates
​ ​ ​ ​ 18,198 ​ ​ ​ ​ ​ 54,828 ​ ​ ​ ​ ​ 4,150 ​ ​ ​ ​ ​ — ​ ​
Total investment income
​ ​ ​ ​ 1,916,035 ​ ​ ​ ​ ​ 3,943,360 ​ ​ ​ ​ ​ 3,005,661 ​ ​ ​ ​ ​ 1,993 ​ ​
Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Advisory fees (See Note 3)
​ ​ ​ ​ 375,452 ​ ​ ​ ​ ​ 235,016 ​ ​ ​ ​ ​ 178,479 ​ ​ ​ ​ ​ 148 ​ ​
Trustee fees
​ ​ ​ ​ 5,973 ​ ​ ​ ​ ​ 6,563 ​ ​ ​ ​ ​ 13,655 ​ ​ ​ ​ ​ 4 ​ ​
Proxy fees
​ ​ ​ ​ 5,526 ​ ​ ​ ​ ​ 3,485 ​ ​ ​ ​ ​ 6,957 ​ ​ ​ ​ ​ — ​ ​
Legal fees
​ ​ ​ ​ 3,954 ​ ​ ​ ​ ​ 4,414 ​ ​ ​ ​ ​ 9,560 ​ ​ ​ ​ ​ 4 ​ ​
Compliance fees
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ 6 ​ ​ ​ ​ ​ 13 ​ ​ ​ ​ ​ — ​ ​
Miscellaneous
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 90 ​ ​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 2 ​ ​
Total expenses
​ ​ ​ ​ 390,942 ​ ​ ​ ​ ​ 249,574 ​ ​ ​ ​ ​ 208,693 ​ ​ ​ ​ ​ 158 ​ ​
Waivers/Reimbursement (See Note 3)
​ ​ ​ ​ (9,965) ​ ​ ​ ​ ​ (11,074) ​ ​ ​ ​ ​ (23,261) ​ ​ ​ ​ ​ (10) ​ ​
Net expenses
​ ​ ​ ​ 380,977 ​ ​ ​ ​ ​ 238,500 ​ ​ ​ ​ ​ 185,432 ​ ​ ​ ​ ​ 148 ​ ​
Net investment income
​ ​ ​ ​ 1,535,058 ​ ​ ​ ​ ​ 3,704,860 ​ ​ ​ ​ ​ 2,820,229 ​ ​ ​ ​ ​ 1,845 ​ ​
Realized and Unrealized Gain (Loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net realized gain (loss) from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ 1,630,194 ​ ​ ​ ​ ​ (974,887) ​ ​ ​ ​ ​ (2,972,530) ​ ​ ​ ​ ​ — ​ ​
In-Kind redemptions
​ ​ ​ ​ 1,434,196 ​ ​ ​ ​ ​ 2,161,570 ​ ​ ​ ​ ​ 10,886,813 ​ ​ ​ ​ ​ — ​ ​
Foreign currency transactions
​ ​ ​ ​ — ​ ​ ​ ​ ​ (184,911) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net realized gain (loss)
​ ​ ​ ​ 3,064,390 ​ ​ ​ ​ ​ 1,001,772 ​ ​ ​ ​ ​ 7,914,283 ​ ​ ​ ​ ​ — ​ ​
Net change in net unrealized appreciation (depreciation) on:
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ 2,067,592 ​ ​ ​ ​ ​ (28,081,255) ​ ​ ​ ​ ​ (38,303,571) ​ ​ ​ ​ ​ 179,636 ​ ​
Foreign currency translations
​ ​ ​ ​ — ​ ​ ​ ​ ​ 33,563 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ 2,067,592 ​ ​ ​ ​ ​ (28,047,692) ​ ​ ​ ​ ​ (38,303,571) ​ ​ ​ ​ ​ 179,636 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ 5,131,982 ​ ​ ​ ​ ​ (27,045,920) ​ ​ ​ ​ ​ (30,389,288) ​ ​ ​ ​ ​ 179,636 ​ ​
Net Increase (Decrease) in Net Assets Resulting from Operations
 ​ ​ ​ $ 6,667,040 ​ ​ ​ ​ $ (23,341,060) ​ ​ ​ ​ $ (27,569,059) ​ ​ ​ ​ $ 181,481 ​ ​
*Net of foreign taxes withheld of:
​ ​ ​ $ 873 ​ ​ ​ ​ $ 427,487 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
​
** Commencement of operations October 25, 2022.
See notes to financial statements.
123​
TABLE OF CONTENTS
Statements of Operations (continued)
​
For the Six Months Ended October 31, 2022 (unaudited)
​ ​ ​
IQ Candriam
ESG
International
Equity ETF
​ ​
IQ Healthy
Hearts ETF
​ ​
IQ Engender
Equality ETF
​ ​
IQ Cleaner
Transport ETF
​
Investment Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Dividend income*
​ ​ ​ $ 3,232,020 ​ ​ ​ ​ $ 50,123 ​ ​ ​ ​ $ 47,783 ​ ​ ​ ​ $ 86,651 ​ ​
Securities lending income, net of borrower rebates
​ ​ ​ ​ 18,244 ​ ​ ​ ​ ​ 122 ​ ​ ​ ​ ​ 40 ​ ​ ​ ​ ​ 242 ​ ​
Total investment income
​ ​ ​ ​ 3,250,264 ​ ​ ​ ​ ​ 50,245 ​ ​ ​ ​ ​ 47,823 ​ ​ ​ ​ ​ 86,893 ​ ​
Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Advisory fees (See Note 3)
​ ​ ​ ​ 141,773 ​ ​ ​ ​ ​ 15,456 ​ ​ ​ ​ ​ 11,801 ​ ​ ​ ​ ​ 11,586 ​ ​
Trustee fees
​ ​ ​ ​ 6,370 ​ ​ ​ ​ ​ 240 ​ ​ ​ ​ ​ 168 ​ ​ ​ ​ ​ 197 ​ ​
Legal fees
​ ​ ​ ​ 4,260 ​ ​ ​ ​ ​ 145 ​ ​ ​ ​ ​ 114 ​ ​ ​ ​ ​ 136 ​ ​
Proxy fees
​ ​ ​ ​ 3,405 ​ ​ ​ ​ ​ 476 ​ ​ ​ ​ ​ 254 ​ ​ ​ ​ ​ 344 ​ ​
Compliance fees
​ ​ ​ ​ 7 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Miscellaneous
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 29 ​ ​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 30 ​ ​
Total expenses
​ ​ ​ ​ 155,845 ​ ​ ​ ​ ​ 16,346 ​ ​ ​ ​ ​ 12,367 ​ ​ ​ ​ ​ 12,293 ​ ​
Waivers/Reimbursement (See Note 3)
​ ​ ​ ​ (10,667) ​ ​ ​ ​ ​ (413) ​ ​ ​ ​ ​ (313) ​ ​ ​ ​ ​ (363) ​ ​
Net expenses
​ ​ ​ ​ 145,178 ​ ​ ​ ​ ​ 15,933 ​ ​ ​ ​ ​ 12,054 ​ ​ ​ ​ ​ 11,930 ​ ​
Net investment income
​ ​ ​ ​ 3,105,086 ​ ​ ​ ​ ​ 34,312 ​ ​ ​ ​ ​ 35,769 ​ ​ ​ ​ ​ 74,963 ​ ​
Realized and Unrealized Gain (Loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net realized gain (loss) from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (3,484,537) ​ ​ ​ ​ ​ (307,571) ​ ​ ​ ​ ​ (549,318) ​ ​ ​ ​ ​ (502,804) ​ ​
In-Kind redemptions
​ ​ ​ ​ 1,365,593 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (51,933) ​ ​
Foreign currency transactions
​ ​ ​ ​ (63,337) ​ ​ ​ ​ ​ (515) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,499) ​ ​
Net realized gain (loss)
​ ​ ​ ​ (2,182,281) ​ ​ ​ ​ ​ (308,086) ​ ​ ​ ​ ​ (549,318) ​ ​ ​ ​ ​ (556,236) ​ ​
Net change in net unrealized appreciation (depreciation) on:
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (26,271,956) ​ ​ ​ ​ ​ (211,840) ​ ​ ​ ​ ​ 340,818 ​ ​ ​ ​ ​ (273,415) ​ ​
Foreign currency translations
​ ​ ​ ​ 3,820 ​ ​ ​ ​ ​ (196) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (271) ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (26,268,136) ​ ​ ​ ​ ​ (212,036) ​ ​ ​ ​ ​ 340,818 ​ ​ ​ ​ ​ (273,686) ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (28,450,417) ​ ​ ​ ​ ​ (520,122) ​ ​ ​ ​ ​ (208,500) ​ ​ ​ ​ ​ (829,922) ​ ​
Net Increase (Decrease) in Net Assets Resulting from Operations
 ​ ​ ​ $ (25,345,331) ​ ​ ​ ​ $ (485,810) ​ ​ ​ ​ $ (172,731) ​ ​ ​ ​ $ (754,959) ​ ​
*Net of foreign taxes withheld of:
​ ​ ​ $ 302,638 ​ ​ ​ ​ $ 3,040 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 11,760 ​ ​
See notes to financial statements.
124
TABLE OF CONTENTS
Statements of Operations (continued)
​
For the Six Months Ended October 31, 2022 (unaudited)
​ ​ ​
IQ Clean
Oceans ETF
​ ​
IQ Global
Equity R&D
Leaders ETF**
​ ​
IQ U.S. Large
Cap R&D
Leaders ETF**
​ ​
IQ U.S. Mid
Cap R&D
Leaders ETF**
​
Investment Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Dividend income*
​ ​ ​ $ 49,664 ​ ​ ​ ​ $ 47,552 ​ ​ ​ ​ $ 30,841 ​ ​ ​ ​ $ 17,987 ​ ​
Securities lending income, net of borrower rebates
​ ​ ​ ​ 255 ​ ​ ​ ​ ​ 1,220 ​ ​ ​ ​ ​ 102 ​ ​ ​ ​ ​ 1,082 ​ ​
Total investment income
​ ​ ​ ​ 49,919 ​ ​ ​ ​ ​ 48,772 ​ ​ ​ ​ ​ 30,943 ​ ​ ​ ​ ​ 19,069 ​ ​
Expenses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Advisory fees (See Note 3)
​ ​ ​ ​ 10,907 ​ ​ ​ ​ ​ 3,772 ​ ​ ​ ​ ​ 3,010 ​ ​ ​ ​ ​ 3,390 ​ ​
Proxy fees
​ ​ ​ ​ 279 ​ ​ ​ ​ ​ 127 ​ ​ ​ ​ ​ 127 ​ ​ ​ ​ ​ 173 ​ ​
Trustee fees
​ ​ ​ ​ 163 ​ ​ ​ ​ ​ 139 ​ ​ ​ ​ ​ 143 ​ ​ ​ ​ ​ 143 ​ ​
Legal fees
​ ​ ​ ​ 110 ​ ​ ​ ​ ​ 103 ​ ​ ​ ​ ​ 105 ​ ​ ​ ​ ​ 106 ​ ​
Miscellaneous
​ ​ ​ ​ 30 ​ ​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 31 ​ ​
Total expenses
​ ​ ​ ​ 11,489 ​ ​ ​ ​ ​ 4,172 ​ ​ ​ ​ ​ 3,416 ​ ​ ​ ​ ​ 3,843 ​ ​
Waivers/Reimbursement (See Note 3)
​ ​ ​ ​ (303) ​ ​ ​ ​ ​ (274) ​ ​ ​ ​ ​ (279) ​ ​ ​ ​ ​ (280) ​ ​
Net expenses
​ ​ ​ ​ 11,186 ​ ​ ​ ​ ​ 3,898 ​ ​ ​ ​ ​ 3,137 ​ ​ ​ ​ ​ 3,563 ​ ​
Net investment income
​ ​ ​ ​ 38,733 ​ ​ ​ ​ ​ 44,874 ​ ​ ​ ​ ​ 27,806 ​ ​ ​ ​ ​ 15,506 ​ ​
Realized and Unrealized Gain (Loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net realized gain (loss) from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (626,466) ​ ​ ​ ​ ​ (116,574) ​ ​ ​ ​ ​ (75,297) ​ ​ ​ ​ ​ (279,337) ​ ​
Foreign currency transactions
​ ​ ​ ​ (5,478) ​ ​ ​ ​ ​ (951) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net realized gain (loss)
​ ​ ​ ​ (631,944) ​ ​ ​ ​ ​ (117,525) ​ ​ ​ ​ ​ (75,297) ​ ​ ​ ​ ​ (279,337) ​ ​
Net change in net unrealized appreciation (depreciation) on:
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Investment securities
​ ​ ​ ​ (204,693) ​ ​ ​ ​ ​ (516,363) ​ ​ ​ ​ ​ (361,976) ​ ​ ​ ​ ​ (129,344) ​ ​
Foreign currency translations
​ ​ ​ ​ 120 ​ ​ ​ ​ ​ 98 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (204,573) ​ ​ ​ ​ ​ (516,265) ​ ​ ​ ​ ​ (361,976) ​ ​ ​ ​ ​ (129,344) ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (836,517) ​ ​ ​ ​ ​ (633,790) ​ ​ ​ ​ ​ (437,273) ​ ​ ​ ​ ​ (408,681) ​ ​
Net Increase (Decrease) in Net Assets Resulting from Operations
 ​ ​ ​ $ (797,784) ​ ​ ​ ​ $ (588,916) ​ ​ ​ ​ $ (409,467) ​ ​ ​ ​ $ (393,175) ​ ​
*Net of foreign taxes withheld of:
​ ​ ​ $ 5,427 ​ ​ ​ ​ $ 5,733 ​ ​ ​ ​ $ 15 ​ ​ ​ ​ $ — ​ ​
​
** Commencement of operations February 8, 2022.
See notes to financial statements.
125​
TABLE OF CONTENTS​
Statements of Changes in Net Assets 
​
​ ​ ​
IQ Hedge Multi-Strategy
Tracker ETF
​ ​
IQ Hedge Macro
Tracker ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 7,710,630 ​ ​ ​ ​ $ 10,548,049 ​ ​ ​ ​ $ 25,320 ​ ​ ​ ​ $ 54,811 ​ ​
Net realized gain (loss)
​ ​ ​ ​ (37,913,747) ​ ​ ​ ​ ​ (372,625) ​ ​ ​ ​ ​ (145,572) ​ ​ ​ ​ ​ 19,891 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (9,486,215) ​ ​ ​ ​ ​ (66,883,511) ​ ​ ​ ​ ​ (79,220) ​ ​ ​ ​ ​ (399,294) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (39,689,332) ​ ​ ​ ​ ​ (56,708,087) ​ ​ ​ ​ ​ (199,472) ​ ​ ​ ​ ​ (324,592) ​ ​
Distributions to Shareholders
​ ​ ​ ​ — ​ ​ ​ ​ ​ (2,417,467) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ 143,037,626 ​ ​ ​ ​ ​ 188,917,002 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Cost of shares redeemed
​ ​ ​ ​ (211,680,907) ​ ​ ​ ​ ​ (168,098,260) ​ ​ ​ ​ ​ (1,278,822) ​ ​ ​ ​ ​ — ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ (68,643,281) ​ ​ ​ ​ ​ 20,818,742 ​ ​ ​ ​ ​ (1,278,822) ​ ​ ​ ​ ​ — ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (108,332,613) ​ ​ ​ ​ ​ (38,306,812) ​ ​ ​ ​ ​ (1,478,294) ​ ​ ​ ​ ​ (324,592) ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 757,270,489 ​ ​ ​ ​ ​ 795,577,301 ​ ​ ​ ​ ​ 3,947,786 ​ ​ ​ ​ ​ 4,272,378 ​ ​
End of period
​ ​ ​ $ 648,937,876 ​ ​ ​ ​ $ 757,270,489 ​ ​ ​ ​ $ 2,469,492 ​ ​ ​ ​ $ 3,947,786 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 25,450,000 ​ ​ ​ ​ ​ 24,850,000 ​ ​ ​ ​ ​ 150,000 ​ ​ ​ ​ ​ 150,000 ​ ​
Shares created
​ ​ ​ ​ 4,950,000 ​ ​ ​ ​ ​ 6,000,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Shares redeemed
​ ​ ​ ​ (7,350,000) ​ ​ ​ ​ ​ (5,400,000) ​ ​ ​ ​ ​ (50,000) ​ ​ ​ ​ ​ — ​ ​
Shares outstanding, end of period
​ ​ ​
​
23,050,000
 ​ ​ ​ ​
​
25,450,000
 ​ ​ ​ ​
​
100,000
 ​ ​ ​ ​
​
150,000
 ​ ​
See notes to financial statements.
126
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ Hedge Market Neutral
Tracker ETF
​ ​
IQ Hedge Long/Short
Tracker ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 193,875 ​ ​ ​ ​ $ 269,296 ​ ​ ​ ​ $ 271,811 ​ ​ ​ ​ $ 338,286 ​ ​
Net realized gain (loss)
​ ​ ​ ​ (788,282) ​ ​ ​ ​ ​ (469,965) ​ ​ ​ ​ ​ (571,474) ​ ​ ​ ​ ​ 483,107 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ 59,711 ​ ​ ​ ​ ​ (762,486) ​ ​ ​ ​ ​ (928,634) ​ ​ ​ ​ ​ (1,966,934) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (534,696) ​ ​ ​ ​ ​ (963,155) ​ ​ ​ ​ ​ (1,228,297) ​ ​ ​ ​ ​ (1,145,541) ​ ​
Distributions to Shareholders
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (108,619) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ 2,520,336 ​ ​ ​ ​ ​ 1,306,336 ​ ​ ​ ​ ​ 2,338,673 ​ ​ ​ ​ ​ 70,457,011 ​ ​
Cost of shares redeemed
​ ​ ​ ​ (12,512,918) ​ ​ ​ ​ ​ (1,321,080) ​ ​ ​ ​ ​ (1,113,140) ​ ​ ​ ​ ​ (58,385,745) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ (9,992,582) ​ ​ ​ ​ ​ (14,744) ​ ​ ​ ​ ​ 1,225,533 ​ ​ ​ ​ ​ 12,071,266 ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (10,527,278) ​ ​ ​ ​ ​ (977,899) ​ ​ ​ ​ ​ (2,764) ​ ​ ​ ​ ​ 10,817,106 ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 16,766,944 ​ ​ ​ ​ ​ 17,744,843 ​ ​ ​ ​ ​ 20,099,131 ​ ​ ​ ​ ​ 9,282,025 ​ ​
End of period
​ ​ ​ $ 6,239,666 ​ ​ ​ ​ $ 16,766,944 ​ ​ ​ ​ $ 20,096,367 ​ ​ ​ ​ $ 20,099,131 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 650,000 ​ ​ ​ ​ ​ 650,000 ​ ​ ​ ​ ​ 800,000 ​ ​ ​ ​ ​ 350,000 ​ ​
Shares created
​ ​ ​ ​ 100,000 ​ ​ ​ ​ ​ 50,000 ​ ​ ​ ​ ​ 100,000 ​ ​ ​ ​ ​ 2,600,000 ​ ​
Shares redeemed
​ ​ ​ ​ (500,000) ​ ​ ​ ​ ​ (50,000) ​ ​ ​ ​ ​ (50,000) ​ ​ ​ ​ ​ (2,150,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
250,000
 ​ ​ ​ ​
​
650,000
 ​ ​ ​ ​
​
850,000
 ​ ​ ​ ​
​
800,000
 ​ ​
See notes to financial statements.
127​
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ Hedge Event-Driven
Tracker ETF
​ ​
IQ Real
Return ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 101,008 ​ ​ ​ ​ $ 272,146 ​ ​ ​ ​ $ 373,286 ​ ​ ​ ​ $ 369,143 ​ ​
Net realized gain (loss)
​ ​ ​ ​ (567,064) ​ ​ ​ ​ ​ (406,125) ​ ​ ​ ​ ​ (1,193,785) ​ ​ ​ ​ ​ 478,553 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ 150,499 ​ ​ ​ ​ ​ (1,110,609) ​ ​ ​ ​ ​ (262,362) ​ ​ ​ ​ ​ (855,230) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (315,557) ​ ​ ​ ​ ​ (1,244,588) ​ ​ ​ ​ ​ (1,082,861) ​ ​ ​ ​ ​ (7,534) ​ ​
Distributions to Shareholders
​ ​ ​ ​ — ​ ​ ​ ​ ​ (266,450) ​ ​ ​ ​ ​ (326,677) ​ ​ ​ ​ ​ (307,104) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ 13,009,407 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 12,449,377 ​ ​
Cost of shares redeemed
​ ​ ​ ​ (2,106,030) ​ ​ ​ ​ ​ (12,378,132) ​ ​ ​ ​ ​ (16,737,147) ​ ​ ​ ​ ​ (38,513,996) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ (2,106,030) ​ ​ ​ ​ ​ 631,275 ​ ​ ​ ​ ​ (16,737,147) ​ ​ ​ ​ ​ (26,064,619) ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (2,421,587) ​ ​ ​ ​ ​ (879,763) ​ ​ ​ ​ ​ (18,146,685) ​ ​ ​ ​ ​ (26,379,257) ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 8,607,022 ​ ​ ​ ​ ​ 9,486,785 ​ ​ ​ ​ ​ 26,856,076 ​ ​ ​ ​ ​ 53,235,333 ​ ​
End of period
​ ​ ​ $ 6,185,435 ​ ​ ​ ​ $ 8,607,022 ​ ​ ​ ​ $ 8,709,391 ​ ​ ​ ​ $ 26,856,076 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 400,000 ​ ​ ​ ​ ​ 400,000 ​ ​ ​ ​ ​ 1,000,000 ​ ​ ​ ​ ​ 1,950,000 ​ ​
Shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ 550,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 450,000 ​ ​
Shares redeemed
​ ​ ​ ​ (100,000) ​ ​ ​ ​ ​ (550,000) ​ ​ ​ ​ ​ (650,000) ​ ​ ​ ​ ​ (1,400,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
300,000
 ​ ​ ​ ​
​
400,000
 ​ ​ ​ ​
​
350,000
 ​ ​ ​ ​
​
1,000,000
 ​ ​
See notes to financial statements.
128
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ S&P High Yield Low
Volatility Bond ETF
​ ​
IQ Merger
Arbitrage ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 405,055 ​ ​ ​ ​ $ 1,410,841 ​ ​ ​ ​ $ 5,323,044 ​ ​ ​ ​ $ 1,951,662 ​ ​
Net realized gain (loss)
​ ​ ​ ​ (963,185) ​ ​ ​ ​ ​ 862,948 ​ ​ ​ ​ ​ (11,214,479) ​ ​ ​ ​ ​ 11,394,354 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (5,553) ​ ​ ​ ​ ​ (3,674,682) ​ ​ ​ ​ ​ 2,685,947 ​ ​ ​ ​ ​ (53,357,233) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (563,683) ​ ​ ​ ​ ​ (1,400,893) ​ ​ ​ ​ ​ (3,205,488) ​ ​ ​ ​ ​ (40,011,217) ​ ​
Distributions to Shareholders
​ ​ ​ ​ (426,880) ​ ​ ​ ​ ​ (1,750,995) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 34,596,950 ​ ​ ​ ​ ​ 212,439,115 ​ ​
Cost of shares redeemed
​ ​ ​ ​ (2,202,805) ​ ​ ​ ​ ​ (81,724,575) ​ ​ ​ ​ ​ (64,100,396) ​ ​ ​ ​ ​ (327,072,852) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ (2,202,805) ​ ​ ​ ​ ​ (81,724,575) ​ ​ ​ ​ ​ (29,503,446) ​ ​ ​ ​ ​ (114,633,737) ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (3,193,368) ​ ​ ​ ​ ​ (84,876,463) ​ ​ ​ ​ ​ (32,708,934) ​ ​ ​ ​ ​ (154,644,954) ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 21,345,593 ​ ​ ​ ​ ​ 106,222,056 ​ ​ ​ ​ ​ 591,633,626 ​ ​ ​ ​ ​ 746,278,580 ​ ​
End of period
​ ​ ​ $ 18,152,225 ​ ​ ​ ​ $ 21,345,593 ​ ​ ​ ​ $ 558,924,692 ​ ​ ​ ​ $ 591,633,626 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 950,000 ​ ​ ​ ​ ​ 4,250,000 ​ ​ ​ ​ ​ 18,600,000 ​ ​ ​ ​ ​ 22,200,000 ​ ​
Shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,100,000 ​ ​ ​ ​ ​ 6,350,000 ​ ​
Shares redeemed
​ ​ ​ ​ (100,000) ​ ​ ​ ​ ​ (3,300,000) ​ ​ ​ ​ ​ (2,050,000) ​ ​ ​ ​ ​ (9,950,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
850,000
 ​ ​ ​ ​
​
950,000
 ​ ​ ​ ​
​
17,650,000
 ​ ​ ​ ​
​
18,600,000
 ​ ​
See notes to financial statements.
129​
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ Global
Resources ETF
​ ​
IQ CBRE NextGen
Real Estate ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 994,059 ​ ​ ​ ​ $ 919,655 ​ ​ ​ ​ $ 625,297 ​ ​ ​ ​ $ 774,102 ​ ​
Net realized gain (loss)
​ ​ ​ ​ 93,789 ​ ​ ​ ​ ​ 2,389,043 ​ ​ ​ ​ ​ (10,354,612) ​ ​ ​ ​ ​ 5,868,280 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (3,919,197) ​ ​ ​ ​ ​ 1,624,630 ​ ​ ​ ​ ​ 1,383,087 ​ ​ ​ ​ ​ (6,397,027) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (2,831,349) ​ ​ ​ ​ ​ 4,933,328 ​ ​ ​ ​ ​ (8,346,228) ​ ​ ​ ​ ​ 245,355 ​ ​
Distributions to Shareholders
​ ​ ​ ​ (440,800) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (846,316) ​ ​ ​ ​ ​ (1,830,575) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ 8,695,254 ​ ​ ​ ​ ​ 14,010,013 ​ ​ ​ ​ ​ 2,239,801 ​ ​ ​ ​ ​ 8,980,685 ​ ​
Cost of shares redeemed
​ ​ ​ ​ (3,159,178) ​ ​ ​ ​ ​ (4,893,460) ​ ​ ​ ​ ​ (6,328,302) ​ ​ ​ ​ ​ (19,486,633) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ 5,536,076 ​ ​ ​ ​ ​ 9,116,553 ​ ​ ​ ​ ​ (4,088,501) ​ ​ ​ ​ ​ (10,505,948) ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ 2,263,927 ​ ​ ​ ​ ​ 14,049,881 ​ ​ ​ ​ ​ (13,281,045) ​ ​ ​ ​ ​ (12,091,168) ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 34,070,390 ​ ​ ​ ​ ​ 20,020,509 ​ ​ ​ ​ ​ 40,217,968 ​ ​ ​ ​ ​ 52,309,136 ​ ​
End of period
​ ​ ​ $ 36,334,317 ​ ​ ​ ​ $ 34,070,390 ​ ​ ​ ​ $ 26,936,923 ​ ​ ​ ​ $ 40,217,968 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 1,000,000 ​ ​ ​ ​ ​ 700,000 ​ ​ ​ ​ ​ 1,650,000 ​ ​ ​ ​ ​ 2,050,000 ​ ​
Shares created
​ ​ ​ ​ 250,000 ​ ​ ​ ​ ​ 450,000 ​ ​ ​ ​ ​ 100,000 ​ ​ ​ ​ ​ 350,000 ​ ​
Shares redeemed
​ ​ ​ ​ (100,000) ​ ​ ​ ​ ​ (150,000) ​ ​ ​ ​ ​ (300,000) ​ ​ ​ ​ ​ (750,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
1,150,000
 ​ ​ ​ ​
​
1,000,000
 ​ ​ ​ ​
​
1,450,000
 ​ ​ ​ ​
​
1,650,000
 ​ ​
See notes to financial statements.
130
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ FTSE International Equity
Currency Neutral ETF
​ ​
IQ Chaikin U.S.
Large Cap ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 4,256,081 ​ ​ ​ ​ $ 8,517,908 ​ ​ ​ ​ $ 2,229,354 ​ ​ ​ ​ $ 3,750,247 ​ ​
Net realized gain (loss)
​ ​ ​ ​ 14,878,833 ​ ​ ​ ​ ​ 10,657,101 ​ ​ ​ ​ ​ 1,662,418 ​ ​ ​ ​ ​ 31,187,167 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (42,223,938) ​ ​ ​ ​ ​ (27,937,419) ​ ​ ​ ​ ​ (11,642,441) ​ ​ ​ ​ ​ (34,780,530) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (23,089,024) ​ ​ ​ ​ ​ (8,762,410) ​ ​ ​ ​ ​ (7,750,669) ​ ​ ​ ​ ​ 156,884 ​ ​
Distributions to Shareholders
​ ​ ​ ​ (5,111,479) ​ ​ ​ ​ ​ (9,308,477) ​ ​ ​ ​ ​ (2,036,917) ​ ​ ​ ​ ​ (3,470,326) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ 38,444,622 ​ ​ ​ ​ ​ 3,703,984 ​ ​ ​ ​ ​ 4,755,604 ​ ​ ​ ​ ​ 15,815,556 ​ ​
Cost of shares redeemed
​ ​ ​ ​ (10,755,813) ​ ​ ​ ​ ​ (30,599,986) ​ ​ ​ ​ ​ (23,403,172) ​ ​ ​ ​ ​ (11,791,217) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ 27,688,809 ​ ​ ​ ​ ​ (26,896,002) ​ ​ ​ ​ ​ (18,647,568) ​ ​ ​ ​ ​ 4,024,339 ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (511,694) ​ ​ ​ ​ ​ (44,966,889) ​ ​ ​ ​ ​ (28,435,154) ​ ​ ​ ​ ​ 710,897 ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 265,420,866 ​ ​ ​ ​ ​ 310,387,755 ​ ​ ​ ​ ​ 306,318,571 ​ ​ ​ ​ ​ 305,607,674 ​ ​
End of period
​ ​ ​
$
264,909,172
 ​ ​ ​ ​
$
265,420,866
 ​ ​ ​ ​
$
277,883,417
 ​ ​ ​ ​
$
306,318,571
 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 11,600,000 ​ ​ ​ ​ ​ 12,750,000 ​ ​ ​ ​ ​ 9,500,000 ​ ​ ​ ​ ​ 9,400,000 ​ ​
Shares created
​ ​ ​ ​ 1,900,000 ​ ​ ​ ​ ​ 150,000 ​ ​ ​ ​ ​ 150,000 ​ ​ ​ ​ ​ 450,000 ​ ​
Shares redeemed
​ ​ ​ ​ (500,000) ​ ​ ​ ​ ​ (1,300,000) ​ ​ ​ ​ ​ (750,000) ​ ​ ​ ​ ​ (350,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
13,000,000
 ​ ​ ​ ​
​
11,600,000
 ​ ​ ​ ​
​
8,900,000
 ​ ​ ​ ​
​
9,500,000
 ​ ​
See notes to financial statements.
131​
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​
IQ 500 International ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 1,535,058 ​ ​ ​ ​ $ 2,616,246 ​ ​ ​ ​ $ 3,704,860 ​ ​ ​ ​ $ 7,508,383 ​ ​
Net realized gain (loss)
​ ​ ​ ​ 3,064,390 ​ ​ ​ ​ ​ 13,283,068 ​ ​ ​ ​ ​ 1,001,772 ​ ​ ​ ​ ​ 14,746,590 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ 2,067,592 ​ ​ ​ ​ ​ (31,440,047) ​ ​ ​ ​ ​ (28,047,692) ​ ​ ​ ​ ​ (30,395,524) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ 6,667,040 ​ ​ ​ ​ ​ (15,540,733) ​ ​ ​ ​ ​ (23,341,060) ​ ​ ​ ​ ​ (8,140,551) ​ ​
Distributions to Shareholders
​ ​ ​ ​ (1,232,326) ​ ​ ​ ​ ​ (2,747,303) ​ ​ ​ ​ ​ (4,256,448) ​ ​ ​ ​ ​ (8,747,984) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ 55,843,903 ​ ​ ​ ​ ​ 31,395,599 ​ ​ ​ ​ ​ 16,050,052 ​ ​ ​ ​ ​ 39,551,613 ​ ​
Cost of shares redeemed
​ ​ ​ ​ (9,365,626) ​ ​ ​ ​ ​ (33,458,171) ​ ​ ​ ​ ​ (18,150,090) ​ ​ ​ ​ ​ (56,421,480) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ 46,478,277 ​ ​ ​ ​ ​ (2,062,572) ​ ​ ​ ​ ​ (2,100,038) ​ ​ ​ ​ ​ (16,869,867) ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ 51,912,991 ​ ​ ​ ​ ​ (20,350,608) ​ ​ ​ ​ ​ (29,697,546) ​ ​ ​ ​ ​ (33,758,402) ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 186,308,438 ​ ​ ​ ​ ​ 206,659,046 ​ ​ ​ ​ ​ 210,577,722 ​ ​ ​ ​ ​ 244,336,124 ​ ​
End of period
​ ​ ​
$
238,221,429
 ​ ​ ​ ​
$
186,308,438
 ​ ​ ​ ​
$
180,880,176
 ​ ​ ​ ​
$
210,577,722
 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 5,850,000 ​ ​ ​ ​ ​ 5,900,000 ​ ​ ​ ​ ​ 7,000,000 ​ ​ ​ ​ ​ 7,500,000 ​ ​
Shares created
​ ​ ​ ​ 1,750,000 ​ ​ ​ ​ ​ 900,000 ​ ​ ​ ​ ​ 600,000 ​ ​ ​ ​ ​ 1,200,000 ​ ​
Shares redeemed
​ ​ ​ ​ (300,000) ​ ​ ​ ​ ​ (950,000) ​ ​ ​ ​ ​ (600,000) ​ ​ ​ ​ ​ (1,700,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
7,300,000
 ​ ​ ​ ​
​
5,850,000
 ​ ​ ​ ​
​
7,000,000
 ​ ​ ​ ​
​
7,000,000
 ​ ​
See notes to financial statements.
132
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ Candriam ESG U.S.
Large Cap Equity ETF
​ ​
IQ Candriam ESG
U.S. Mid Cap
Equity ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Period
October 25,
2022* to
October 31,
2022
(unaudited)
​
Increase (Decrease) in Net Assets from Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 2,820,229 ​ ​ ​ ​ $ 5,661,377 ​ ​ ​ ​ $ 1,845 ​ ​
Net realized gain (loss)
​ ​ ​ ​ 7,914,283 ​ ​ ​ ​ ​ 32,244,112 ​ ​ ​ ​ ​ — ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (38,303,571) ​ ​ ​ ​ ​ (33,254,201) ​ ​ ​ ​ ​ 179,636 ​ ​
Net increase (decrease) in net assets resulting from
operations
​ ​ ​ ​ (27,569,059) ​ ​ ​ ​ ​ 4,651,288 ​ ​ ​ ​ ​ 181,481 ​ ​
Distributions to Shareholders
​ ​ ​ ​ (2,573,994) ​ ​ ​ ​ ​ (5,632,747) ​ ​ ​ ​ ​ — ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ 25,279,988 ​ ​ ​ ​ ​ 125,093,567 ​ ​ ​ ​ ​ 5,040,057 ​ ​
Cost of shares redeemed
​ ​ ​ ​ (50,935,648) ​ ​ ​ ​ ​ (106,279,575) ​ ​ ​ ​ ​ — ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ (25,655,660) ​ ​ ​ ​ ​ 18,813,992 ​ ​ ​ ​ ​ 5,040,057 ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (55,798,713) ​ ​ ​ ​ ​ 17,832,533 ​ ​ ​ ​ ​ 5,221,538 ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 428,534,850 ​ ​ ​ ​ ​ 410,702,317 ​ ​ ​ ​ ​ — ​ ​
End of period
​ ​ ​
$
372,736,137
 ​ ​ ​ ​
$
428,534,850
 ​ ​ ​ ​
$
5,221,538
 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 12,050,000 ​ ​ ​ ​ ​ 11,550,000 ​ ​ ​ ​ ​ — ​ ​
Shares created
​ ​ ​ ​ 750,000 ​ ​ ​ ​ ​ 3,250,000 ​ ​ ​ ​ ​ 200,000 ​ ​
Shares redeemed
​ ​ ​ ​ (1,450,000) ​ ​ ​ ​ ​ (2,750,000) ​ ​ ​ ​ ​ — ​ ​
Shares outstanding, end of period
​ ​ ​
​
11,350,000
 ​ ​ ​ ​
​
12,050,000
 ​ ​ ​ ​
​
200,000
 ​ ​
​
*
Commencement of operations.
​
See notes to financial statements.
133​
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ Candriam ESG
International Equity ETF
​ ​
IQ Healthy
Hearts ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 3,105,086 ​ ​ ​ ​ $ 5,887,425 ​ ​ ​ ​ $ 34,312 ​ ​ ​ ​ $ 80,647 ​ ​
Net realized gain (loss)
​ ​ ​ ​ (2,182,281) ​ ​ ​ ​ ​ 2,216,181 ​ ​ ​ ​ ​ (308,086) ​ ​ ​ ​ ​ 549,101 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (26,268,136) ​ ​ ​ ​ ​ (25,216,237) ​ ​ ​ ​ ​ (212,036) ​ ​ ​ ​ ​ (247,569) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (25,345,331) ​ ​ ​ ​ ​ (17,112,631) ​ ​ ​ ​ ​ (485,810) ​ ​ ​ ​ ​ 382,179 ​ ​
Distributions to Shareholders
​ ​ ​ ​ (3,988,238) ​ ​ ​ ​ ​ (5,802,531) ​ ​ ​ ​ ​ (41,834) ​ ​ ​ ​ ​ (80,268) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ 18,117,717 ​ ​ ​ ​ ​ 48,137,169 ​ ​ ​ ​ ​ 1,282,189 ​ ​ ​ ​ ​ 4,190,216 ​ ​
Cost of shares redeemed
​ ​ ​ ​ (6,369,389) ​ ​ ​ ​ ​ (13,374,956) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (4,158,314) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ 11,748,328 ​ ​ ​ ​ ​ 34,762,213 ​ ​ ​ ​ ​ 1,282,189 ​ ​ ​ ​ ​ 31,902 ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (17,585,241) ​ ​ ​ ​ ​ 11,847,051 ​ ​ ​ ​ ​ 754,545 ​ ​ ​ ​ ​ 333,813 ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 198,798,155 ​ ​ ​ ​ ​ 186,951,104 ​ ​ ​ ​ ​ 6,893,257 ​ ​ ​ ​ ​ 6,559,444 ​ ​
End of period
​ ​ ​
$
181,212,914
 ​ ​ ​ ​
$
198,798,155
 ​ ​ ​ ​
$
7,647,802
 ​ ​ ​ ​
$
6,893,257
 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 7,600,000 ​ ​ ​ ​ ​ 6,400,000 ​ ​ ​ ​ ​ 250,000 ​ ​ ​ ​ ​ 250,000 ​ ​
Shares created
​ ​ ​ ​ 750,000 ​ ​ ​ ​ ​ 1,650,000 ​ ​ ​ ​ ​ 50,000 ​ ​ ​ ​ ​ 150,000 ​ ​
Shares redeemed
​ ​ ​ ​ (250,000) ​ ​ ​ ​ ​ (450,000) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (150,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
8,100,000
 ​ ​ ​ ​
​
7,600,000
 ​ ​ ​ ​
​
300,000
 ​ ​ ​ ​
​
250,000
 ​ ​
See notes to financial statements.
134
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ Engender Equality ETF
​ ​
IQ Cleaner Transport ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the Period
October 21,
2021* to
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the Period
October 21,
2021* to
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 35,769 ​ ​ ​ ​ $ 50,111 ​ ​ ​ ​ $ 74,963 ​ ​ ​ ​ $ 32,833 ​ ​
Net realized gain (loss)
​ ​ ​ ​ (549,318) ​ ​ ​ ​ ​ 12,314 ​ ​ ​ ​ ​ (556,236) ​ ​ ​ ​ ​ (97,242) ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ 340,818 ​ ​ ​ ​ ​ (847,517) ​ ​ ​ ​ ​ (273,686) ​ ​ ​ ​ ​ (1,201,606) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (172,731) ​ ​ ​ ​ ​ (785,092) ​ ​ ​ ​ ​ (754,959) ​ ​ ​ ​ ​ (1,266,015) ​ ​
Distributions to Shareholders
​ ​ ​ ​ (38,923) ​ ​ ​ ​ ​ (40,598) ​ ​ ​ ​ ​ (69,644) ​ ​ ​ ​ ​ (27,324) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ 7,534,928 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 8,587,414 ​ ​
Cost of shares redeemed
​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,253,372) ​ ​ ​ ​ ​ (962,510) ​ ​ ​ ​ ​ (1,116,668) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,281,556 ​ ​ ​ ​ ​ (962,510) ​ ​ ​ ​ ​ 7,470,746 ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (211,654) ​ ​ ​ ​ ​ 5,455,866 ​ ​ ​ ​ ​ (1,787,113) ​ ​ ​ ​ ​ 6,177,407 ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 5,455,866 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,177,407 ​ ​ ​ ​ ​ — ​ ​
End of period
​ ​ ​ $ 5,244,212 ​ ​ ​ ​ $ 5,455,866 ​ ​ ​ ​ $ 4,390,294 ​ ​ ​ ​ $ 6,177,407 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 250,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 300,000 ​ ​ ​ ​ ​ — ​ ​
Shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ 300,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 350,000 ​ ​
Shares redeemed
​ ​ ​ ​ — ​ ​ ​ ​ ​ (50,000) ​ ​ ​ ​ ​ (50,000) ​ ​ ​ ​ ​ (50,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
250,000
 ​ ​ ​ ​
​
250,000
 ​ ​ ​ ​
​
250,000
 ​ ​ ​ ​
​
300,000
 ​ ​
​
*
Commencement of operations.
​
See notes to financial statements.
135​
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ Clean Oceans ETF
​ ​
IQ Global Equity R&D Leaders ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the Period
October 21,
2021* to
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the Period
February 9,
2022* to
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 38,733 ​ ​ ​ ​ $ 51,936 ​ ​ ​ ​ $ 44,874 ​ ​ ​ ​ $ 23,275 ​ ​
Net realized gain (loss)
​ ​ ​ ​ (631,944) ​ ​ ​ ​ ​ 11,942 ​ ​ ​ ​ ​ (117,525) ​ ​ ​ ​ ​ (4,103) ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (204,573) ​ ​ ​ ​ ​ (912,579) ​ ​ ​ ​ ​ (516,265) ​ ​ ​ ​ ​ (553,303) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (797,784) ​ ​ ​ ​ ​ (848,701) ​ ​ ​ ​ ​ (588,916) ​ ​ ​ ​ ​ (534,131) ​ ​
Distributions to Shareholders
​ ​ ​ ​ (46,365) ​ ​ ​ ​ ​ (34,323) ​ ​ ​ ​ ​ (48,654) ​ ​ ​ ​ ​ (11,114) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ 7,404,302 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,223,519 ​ ​
Cost of shares redeemed
​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,264,476) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,220,944) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,139,826 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,002,575 ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (844,149) ​ ​ ​ ​ ​ 5,256,802 ​ ​ ​ ​ ​ (637,570) ​ ​ ​ ​ ​ 4,457,330 ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 5,256,802 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,457,330 ​ ​ ​ ​ ​ — ​ ​
End of period
​ ​ ​ $ 4,412,653 ​ ​ ​ ​ $ 5,256,802 ​ ​ ​ ​ $ 3,819,760 ​ ​ ​ ​ $ 4,457,330 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 250,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 200,000 ​ ​ ​ ​ ​ — ​ ​
Shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ 300,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 250,000 ​ ​
Shares redeemed
​ ​ ​ ​ — ​ ​ ​ ​ ​ (50,000) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (50,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
250,000
 ​ ​ ​ ​
​
250,000
 ​ ​ ​ ​
​
200,000
 ​ ​ ​ ​
​
200,000
 ​ ​
​
*
Commencement of operations.
​
See notes to financial statements.
136
TABLE OF CONTENTS
Statements of Changes in Net Assets (continued)
​
​ ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​
​ ​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the Period
February 9,
2022* to
April 30, 2022
​ ​
For the Six
Months Ended
October 31,
2022
(unaudited)
​ ​
For the Period
February 9,
2022* to
April 30, 2022
​
Increase (Decrease) in Net Assets from Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ $ 27,806 ​ ​ ​ ​ $ 13,366 ​ ​ ​ ​ $ 15,506 ​ ​ ​ ​ $ 6,772 ​ ​
Net realized gain (loss)
​ ​ ​ ​ (75,297) ​ ​ ​ ​ ​ 44,314 ​ ​ ​ ​ ​ (279,337) ​ ​ ​ ​ ​ 76,601 ​ ​
Net change in net unrealized appreciation (depreciation)
​ ​ ​ ​ (361,976) ​ ​ ​ ​ ​ (542,222) ​ ​ ​ ​ ​ (129,344) ​ ​ ​ ​ ​ (602,359) ​ ​
Net increase (decrease) in net assets resulting from operations
​ ​ ​ ​ (409,467) ​ ​ ​ ​ ​ (484,542) ​ ​ ​ ​ ​ (393,175) ​ ​ ​ ​ ​ (518,986) ​ ​
Distributions to Shareholders
​ ​ ​ ​ (29,236) ​ ​ ​ ​ ​ (8,288) ​ ​ ​ ​ ​ (14,558) ​ ​ ​ ​ ​ (6,272) ​ ​
Capital Share Transactions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Proceeds from shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,245,569 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,290,485 ​ ​
Cost of shares redeemed
​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,258,771) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (1,266,526) ​ ​
Net increase (decrease) from capital share transactions
​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,986,798 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,023,959 ​ ​
Total increase (decrease) in net assets
​ ​ ​ ​ (438,703) ​ ​ ​ ​ ​ 4,493,968 ​ ​ ​ ​ ​ (407,733) ​ ​ ​ ​ ​ 4,498,701 ​ ​
Net Assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Beginning of period
​ ​ ​ ​ 4,493,968 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,498,701 ​ ​ ​ ​ ​ — ​ ​
End of period
​ ​ ​ $ 4,055,265 ​ ​ ​ ​ $ 4,493,968 ​ ​ ​ ​ $ 4,090,968 ​ ​ ​ ​ $ 4,498,701 ​ ​
Changes in Shares Outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Shares outstanding, beginning of period
​ ​ ​ ​ 200,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 200,000 ​ ​ ​ ​ ​ — ​ ​
Shares created
​ ​ ​ ​ — ​ ​ ​ ​ ​ 250,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 250,000 ​ ​
Shares redeemed
​ ​ ​ ​ — ​ ​ ​ ​ ​ (50,000) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (50,000) ​ ​
Shares outstanding, end of period
​ ​ ​
​
200,000
 ​ ​ ​ ​
​
200,000
 ​ ​ ​ ​
​
200,000
 ​ ​ ​ ​
​
200,000
 ​ ​
​
*
Commencement of operations.
​
See notes to financial statements.
137​
TABLE OF CONTENTS​
Financial Highlights 
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Hedge Multi-Strategy Tracker ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 29.76 ​ ​ ​ ​ $ 32.02 ​ ​ ​ ​ $ 29.41 ​ ​ ​ ​ $ 30.29 ​ ​ ​ ​ $ 30.39 ​ ​ ​ ​ $ 29.15 ​ ​
Income from Investment Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.32 ​ ​ ​ ​ ​ 0.41 ​ ​ ​ ​ ​ 0.42 ​ ​ ​ ​ ​ 0.75 ​ ​ ​ ​ ​ 0.72 ​ ​ ​ ​ ​ 0.56 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (1.93) ​ ​ ​ ​ ​ (2.65) ​ ​ ​ ​ ​ 2.79 ​ ​ ​ ​ ​ (1.04) ​ ​ ​ ​ ​ (0.27) ​ ​ ​ ​ ​ 0.68 ​ ​
Distributions of net realized gains from investments in other investment companies
​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.07 ​ ​ ​ ​ ​ 0.03 ​ ​ ​ ​ ​ 0.00(c) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.00(c) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (1.61) ​ ​ ​ ​ ​ (2.17) ​ ​ ​ ​ ​ 3.24 ​ ​ ​ ​ ​ (0.29) ​ ​ ​ ​ ​ 0.45 ​ ​ ​ ​ ​ 1.24 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ — ​ ​ ​ ​ ​ (0.09) ​ ​ ​ ​ ​ (0.63) ​ ​ ​ ​ ​ (0.59) ​ ​ ​ ​ ​ (0.55) ​ ​ ​ ​ ​ — ​ ​
Net asset value, end of period
​ ​ ​ $ 28.15 ​ ​ ​ ​ $ 29.76 ​ ​ ​ ​ $ 32.02 ​ ​ ​ ​ $ 29.41 ​ ​ ​ ​ $ 30.29 ​ ​ ​ ​ $ 30.39 ​ ​
Market price, end of period
​ ​ ​ $ 28.12 ​ ​ ​ ​ $ 29.75 ​ ​ ​ ​ $ 32.01 ​ ​ ​ ​ $ 29.34 ​ ​ ​ ​ $ 30.28 ​ ​ ​ ​ $ 30.38 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (5.39)% ​ ​ ​ ​ ​ (6.80)% ​ ​ ​ ​ ​ 11.01% ​ ​ ​ ​ ​ (1.04)% ​ ​ ​ ​ ​ 1.56% ​ ​ ​ ​ ​ 4.24% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (5.48)% ​ ​ ​ ​ ​ (6.80)% ​ ​ ​ ​ ​ 11.26% ​ ​ ​ ​ ​ (1.26)% ​ ​ ​ ​ ​ 1.56% ​ ​ ​ ​ ​ 4.22% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 648,938 ​ ​ ​ ​ $ 757,270 ​ ​ ​ ​ $ 795,577 ​ ​ ​ ​ $ 739,660 ​ ​ ​ ​ $ 993,422 ​ ​ ​ ​ $ 1,124,278 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/​
reimbursements(f)
​ ​ ​ ​ 0.56%(g) ​ ​ ​ ​ ​ 0.54% ​ ​ ​ ​ ​ 0.54% ​ ​ ​ ​ ​ 0.54% ​ ​ ​ ​ ​ 0.54% ​ ​ ​ ​ ​ 0.64% ​ ​
Expenses excluding waivers/​
reimbursements(f)
​ ​ ​ ​ 0.78%(g) ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 2.18%(g) ​ ​ ​ ​ ​ 1.29% ​ ​ ​ ​ ​ 1.35% ​ ​ ​ ​ ​ 2.49% ​ ​ ​ ​ ​ 2.40% ​ ​ ​ ​ ​ 1.87% ​ ​
Portfolio turnover rate(h)
​ ​ ​ ​ (55)% ​ ​ ​ ​ ​ 138% ​ ​ ​ ​ ​ 163% ​ ​ ​ ​ ​ 166% ​ ​ ​ ​ ​ 137% ​ ​ ​ ​ ​ 164% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Less than $0.005 per share.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(g)
Annualized.
​
(h)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
138
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Hedge Macro Tracker ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 26.32 ​ ​ ​ ​ $ 28.48 ​ ​ ​ ​ $ 25.52 ​ ​ ​ ​ $ 26.26 ​ ​ ​ ​ $ 26.35 ​ ​ ​ ​ $ 25.46 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.23 ​ ​ ​ ​ ​ 0.37 ​ ​ ​ ​ ​ 0.34 ​ ​ ​ ​ ​ 0.56 ​ ​ ​ ​ ​ 0.44 ​ ​ ​ ​ ​ 0.39 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (1.86) ​ ​ ​ ​ ​ (2.63) ​ ​ ​ ​ ​ 3.30 ​ ​ ​ ​ ​ (0.94) ​ ​ ​ ​ ​ (0.25) ​ ​ ​ ​ ​ 0.50 ​ ​
Distributions of net realized gains from investments in other investment companies
 ​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.10 ​ ​ ​ ​ ​ 0.03 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.00(c) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (1.63) ​ ​ ​ ​ ​ (2.16) ​ ​ ​ ​ ​ 3.67 ​ ​ ​ ​ ​ (0.38) ​ ​ ​ ​ ​ 0.19 ​ ​ ​ ​ ​ 0.89 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (0.71) ​ ​ ​ ​ ​ (0.36) ​ ​ ​ ​ ​ (0.28) ​ ​ ​ ​ ​ — ​ ​
Net asset value, end of period
​ ​ ​ $ 24.69 ​ ​ ​ ​ $ 26.32 ​ ​ ​ ​ $ 28.48 ​ ​ ​ ​ $ 25.52 ​ ​ ​ ​ $ 26.26 ​ ​ ​ ​ $ 26.35 ​ ​
Market price, end of period
​ ​ ​ $ 24.68 ​ ​ ​ ​ $ 26.28 ​ ​ ​ ​ $ 28.48 ​ ​ ​ ​ $ 25.36 ​ ​ ​ ​ $ 26.24 ​ ​ ​ ​ $ 26.34 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (6.18)% ​ ​ ​ ​ ​ (7.60)% ​ ​ ​ ​ ​ 14.44% ​ ​ ​ ​ ​ (1.51)% ​ ​ ​ ​ ​ 0.77% ​ ​ ​ ​ ​ 3.50% ​ ​
Total investment return based on market
price(e)
​ ​ ​ ​ (6.09)% ​ ​ ​ ​ ​ (7.73)% ​ ​ ​ ​ ​ 15.13% ​ ​ ​ ​ ​ (2.04)% ​ ​ ​ ​ ​ 0.74% ​ ​ ​ ​ ​ 3.54% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 2,469 ​ ​ ​ ​ $ 3,948 ​ ​ ​ ​ $ 4,272 ​ ​ ​ ​ $ 3,827 ​ ​ ​ ​ $ 5,251 ​ ​ ​ ​ $ 6,588 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(f)
​ ​ ​ ​ 0.45%(g) ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.54% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.75% ​ ​
Expenses excluding waivers/ reimbursements(f)
​ ​ ​ ​ 0.70%(g) ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.75% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 1.75%(g) ​ ​ ​ ​ ​ 1.31% ​ ​ ​ ​ ​ 1.23% ​ ​ ​ ​ ​ 2.13% ​ ​ ​ ​ ​ 1.70% ​ ​ ​ ​ ​ 1.47% ​ ​
Portfolio turnover rate(h)
​ ​ ​ ​ 61% ​ ​ ​ ​ ​ 83% ​ ​ ​ ​ ​ 104% ​ ​ ​ ​ ​ 104% ​ ​ ​ ​ ​ 82% ​ ​ ​ ​ ​ 152% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Less than $0.005 per share.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(g)
Annualized.
​
(h)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
139​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Hedge Market Neutral Tracker ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 25.80 ​ ​ ​ ​ $ 27.30 ​ ​ ​ ​ $ 25.65 ​ ​ ​ ​ $ 26.23 ​ ​ ​ ​ $ 25.58 ​ ​ ​ ​ $ 25.25 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.52 ​ ​ ​ ​ ​ 0.42 ​ ​ ​ ​ ​ 0.40 ​ ​ ​ ​ ​ 0.62 ​ ​ ​ ​ ​ 0.55 ​ ​ ​ ​ ​ 0.41 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (1.36) ​ ​ ​ ​ ​ (2.06) ​ ​ ​ ​ ​ 1.79 ​ ​ ​ ​ ​ (0.76) ​ ​ ​ ​ ​ 0.10 ​ ​ ​ ​ ​ (0.08) ​ ​
Distributions of net realized gains from investments in other investment companies
​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.14 ​ ​ ​ ​ ​ 0.03 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (0.84) ​ ​ ​ ​ ​ (1.50) ​ ​ ​ ​ ​ 2.22 ​ ​ ​ ​ ​ (0.14) ​ ​ ​ ​ ​ 0.65 ​ ​ ​ ​ ​ 0.33 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (0.57) ​ ​ ​ ​ ​ (0.44) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net asset value, end of period
​ ​ ​ $ 24.96 ​ ​ ​ ​ $ 25.80 ​ ​ ​ ​ $ 27.30 ​ ​ ​ ​ $ 25.65 ​ ​ ​ ​ $ 26.23 ​ ​ ​ ​ $ 25.58 ​ ​
Market price, end of period
​ ​ ​ $ 24.95 ​ ​ ​ ​ $ 25.79 ​ ​ ​ ​ $ 27.30 ​ ​ ​ ​ $ 25.63 ​ ​ ​ ​ $ 26.23 ​ ​ ​ ​ $ 25.58 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(c)
​ ​ ​ ​ (3.27)% ​ ​ ​ ​ ​ (5.51)% ​ ​ ​ ​ ​ 8.65% ​ ​ ​ ​ ​ (0.62)% ​ ​ ​ ​ ​ 2.56% ​ ​ ​ ​ ​ 1.29% ​ ​
Total investment return based on market price(d)
​ ​ ​ ​ (3.26)% ​ ​ ​ ​ ​ (5.53)% ​ ​ ​ ​ ​ 8.74% ​ ​ ​ ​ ​ (0.69)% ​ ​ ​ ​ ​ 2.54% ​ ​ ​ ​ ​ 1.31% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
 ​ ​ ​ $ 6,240 ​ ​ ​ ​ $ 16,767 ​ ​ ​ ​ $ 17,745 ​ ​ ​ ​ $ 17,956 ​ ​ ​ ​ $ 15,741 ​ ​ ​ ​ $ 12,790 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(e)
​ ​ ​ ​ 0.45%(f) ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.53% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Expenses excluding waivers/ reimbursements(e)
​ ​ ​ ​ 0.71%(f) ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 4.04%(f) ​ ​ ​ ​ ​ 1.54% ​ ​ ​ ​ ​ 1.51% ​ ​ ​ ​ ​ 2.36% ​ ​ ​ ​ ​ 2.15% ​ ​ ​ ​ ​ 1.61% ​ ​
Portfolio turnover rate(g)
​ ​ ​ ​ 64% ​ ​ ​ ​ ​ 135% ​ ​ ​ ​ ​ 116% ​ ​ ​ ​ ​ 77% ​ ​ ​ ​ ​ 107% ​ ​ ​ ​ ​ 165% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(d)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(e)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(f)
Annualized.
​
(g)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
140
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Hedge Long/Short Tracker ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 25.12 ​ ​ ​ ​ $ 26.52 ​ ​ ​ ​ $ 21.40 ​ ​ ​ ​ $ 21.53 ​ ​ ​ ​ $ 21.91 ​ ​ ​ ​ $ 20.36 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.33 ​ ​ ​ ​ ​ 0.51 ​ ​ ​ ​ ​ 0.44 ​ ​ ​ ​ ​ 0.51 ​ ​ ​ ​ ​ 0.44 ​ ​ ​ ​ ​ 0.41 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (1.81) ​ ​ ​ ​ ​ (1.79) ​ ​ ​ ​ ​ 5.19 ​ ​ ​ ​ ​ (0.29) ​ ​ ​ ​ ​ 0.13 ​ ​ ​ ​ ​ 1.22 ​ ​
Distributions of net realized gains from investments in other investment
companies
​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.04 ​ ​ ​ ​ ​ 0.01 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.00(c) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (1.48) ​ ​ ​ ​ ​ (1.24) ​ ​ ​ ​ ​ 5.64 ​ ​ ​ ​ ​ 0.22 ​ ​ ​ ​ ​ 0.57 ​ ​ ​ ​ ​ 1.63 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ — ​ ​ ​ ​ ​ (0.16) ​ ​ ​ ​ ​ (0.52) ​ ​ ​ ​ ​ (0.35) ​ ​ ​ ​ ​ (0.95) ​ ​ ​ ​ ​ (0.08) ​ ​
Net asset value, end of period
​ ​ ​ $ 23.64 ​ ​ ​ ​ $ 25.12 ​ ​ ​ ​ $ 26.52 ​ ​ ​ ​ $ 21.40 ​ ​ ​ ​ $ 21.53 ​ ​ ​ ​ $ 21.91 ​ ​
Market price, end of period
​ ​ ​ $ 23.64 ​ ​ ​ ​ $ 25.13 ​ ​ ​ ​ $ 26.53 ​ ​ ​ ​ $ 21.52 ​ ​ ​ ​ $ 21.54 ​ ​ ​ ​ $ 21.93 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (5.90)% ​ ​ ​ ​ ​ (4.74)% ​ ​ ​ ​ ​ 26.42% ​ ​ ​ ​ ​ 0.93% ​ ​ ​ ​ ​ 3.07% ​ ​ ​ ​ ​ 8.02% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (5.93)% ​ ​ ​ ​ ​ (4.75)% ​ ​ ​ ​ ​ 25.76% ​ ​ ​ ​ ​ 1.46% ​ ​ ​ ​ ​ 2.91% ​ ​ ​ ​ ​ 8.23% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 20,096 ​ ​ ​ ​ $ 20,099 ​ ​ ​ ​ $ 9,282 ​ ​ ​ ​ $ 10,699 ​ ​ ​ ​ $ 6,459 ​ ​ ​ ​ $ 8,764 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(f)
 ​ ​ ​ ​ 0.44%(g) ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.51% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Expenses excluding waivers/ reimbursements(f)
​ ​ ​ ​ 0.67%(g) ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 2.71%(g) ​ ​ ​ ​ ​ 1.88% ​ ​ ​ ​ ​ 1.80% ​ ​ ​ ​ ​ 2.35% ​ ​ ​ ​ ​ 2.06% ​ ​ ​ ​ ​ 1.89% ​ ​
Portfolio turnover rate(h)
​ ​ ​ ​ 29% ​ ​ ​ ​ ​ 71% ​ ​ ​ ​ ​ 156% ​ ​ ​ ​ ​ 136% ​ ​ ​ ​ ​ 95% ​ ​ ​ ​ ​ 77% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Less than $0.005 per share.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(g)
Annualized.
​
(h)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
141​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Hedge Event-Driven Tracker ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 21.52 ​ ​ ​ ​ $ 23.72 ​ ​ ​ ​ $ 20.88 ​ ​ ​ ​ $ 21.26 ​ ​ ​ ​ $ 20.93 ​ ​ ​ ​ $ 20.59 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.27 ​ ​ ​ ​ ​ 0.44 ​ ​ ​ ​ ​ 0.50 ​ ​ ​ ​ ​ 0.73 ​ ​ ​ ​ ​ 0.74 ​ ​ ​ ​ ​ 0.55 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (1.17) ​ ​ ​ ​ ​ (2.38) ​ ​ ​ ​ ​ 3.39 ​ ​ ​ ​ ​ (0.66) ​ ​ ​ ​ ​ 0.46 ​ ​ ​ ​ ​ 0.26 ​ ​
Distributions of net realized gains from investments in other investment companies
 ​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.05 ​ ​ ​ ​ ​ 0.00(c) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (0.90) ​ ​ ​ ​ ​ (1.89) ​ ​ ​ ​ ​ 3.89 ​ ​ ​ ​ ​ 0.07 ​ ​ ​ ​ ​ 1.20 ​ ​ ​ ​ ​ 0.81 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ — ​ ​ ​ ​ ​ (0.31) ​ ​ ​ ​ ​ (1.05) ​ ​ ​ ​ ​ (0.45) ​ ​ ​ ​ ​ (0.87) ​ ​ ​ ​ ​ (0.47) ​ ​
Net asset value, end of period
​ ​ ​ $ 20.62 ​ ​ ​ ​ $ 21.52 ​ ​ ​ ​ $ 23.72 ​ ​ ​ ​ $ 20.88 ​ ​ ​ ​ $ 21.26 ​ ​ ​ ​ $ 20.93 ​ ​
Market price, end of period
​ ​ ​ $ 20.63 ​ ​ ​ ​ $ 21.52 ​ ​ ​ ​ $ 23.73 ​ ​ ​ ​ $ 20.86 ​ ​ ​ ​ $ 21.27 ​ ​ ​ ​ $ 20.93 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (4.19)% ​ ​ ​ ​ ​ (8.05)% ​ ​ ​ ​ ​ 18.65% ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ ​ 6.12% ​ ​ ​ ​ ​ 3.93% ​ ​
Total investment return based on market
price(e)
​ ​ ​ ​ (4.14)% ​ ​ ​ ​ ​ (8.09)% ​ ​ ​ ​ ​ 18.86% ​ ​ ​ ​ ​ 0.11% ​ ​ ​ ​ ​ 6.13% ​ ​ ​ ​ ​ 3.94% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 6,185 ​ ​ ​ ​ $ 8,607 ​ ​ ​ ​ $ 9,487 ​ ​ ​ ​ $ 8,354 ​ ​ ​ ​ $ 4,253 ​ ​ ​ ​ $ 3,139 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(f)
​ ​ ​ ​ 0.45%(g) ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.50% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Expenses excluding waivers/ reimbursements(f)
​ ​ ​ ​ 0.70%(g) ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 2.58%(g) ​ ​ ​ ​ ​ 1.90% ​ ​ ​ ​ ​ 2.19% ​ ​ ​ ​ ​ 3.48% ​ ​ ​ ​ ​ 3.54% ​ ​ ​ ​ ​ 2.64% ​ ​
Portfolio turnover rate(h)
​ ​ ​ ​ 42% ​ ​ ​ ​ ​ 50% ​ ​ ​ ​ ​ 69% ​ ​ ​ ​ ​ 77% ​ ​ ​ ​ ​ 34% ​ ​ ​ ​ ​ 41% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Less than $0.005 per share.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(g)
Annualized.
​
(h)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
142
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Real Return ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 26.86 ​ ​ ​ ​ $ 27.30 ​ ​ ​ ​ $ 26.94 ​ ​ ​ ​ $ 27.83 ​ ​ ​ ​ $ 27.47 ​ ​ ​ ​ $ 27.25 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.66 ​ ​ ​ ​ ​ 0.22 ​ ​ ​ ​ ​ 0.15 ​ ​ ​ ​ ​ 0.54 ​ ​ ​ ​ ​ 0.49 ​ ​ ​ ​ ​ 0.30 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (2.10) ​ ​ ​ ​ ​ (0.57) ​ ​ ​ ​ ​ 0.44 ​ ​ ​ ​ ​ (0.84) ​ ​ ​ ​ ​ 0.22 ​ ​ ​ ​ ​ 0.21 ​ ​
Distributions of net realized gains from investments in other investment companies
​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.11 ​ ​ ​ ​ ​ 0.04 ​ ​ ​ ​ ​ 0.00(c) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.00(c) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (1.44) ​ ​ ​ ​ ​ (0.24) ​ ​ ​ ​ ​ 0.63 ​ ​ ​ ​ ​ (0.30) ​ ​ ​ ​ ​ 0.71 ​ ​ ​ ​ ​ 0.51 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.54) ​ ​ ​ ​ ​ (0.20) ​ ​ ​ ​ ​ (0.27) ​ ​ ​ ​ ​ (0.59) ​ ​ ​ ​ ​ (0.35) ​ ​ ​ ​ ​ (0.29) ​ ​
Net asset value, end of period
​ ​ ​ $ 24.88 ​ ​ ​ ​ $ 26.86 ​ ​ ​ ​ $ 27.30 ​ ​ ​ ​ $ 26.94 ​ ​ ​ ​ $ 27.83 ​ ​ ​ ​ $ 27.47 ​ ​
Market price, end of period
​ ​ ​ $ 24.85 ​ ​ ​ ​ $ 26.89 ​ ​ ​ ​ $ 27.29 ​ ​ ​ ​ $ 26.86 ​ ​ ​ ​ $ 27.80 ​ ​ ​ ​ $ 27.47 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (5.47)% ​ ​ ​ ​ ​ (0.90)% ​ ​ ​ ​ ​ 2.33% ​ ​ ​ ​ ​ (1.13)% ​ ​ ​ ​ ​ 2.64% ​ ​ ​ ​ ​ 1.89% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (5.65)% ​ ​ ​ ​ ​ (0.77)% ​ ​ ​ ​ ​ 2.60% ​ ​ ​ ​ ​ (1.33)% ​ ​ ​ ​ ​ 2.53% ​ ​ ​ ​ ​ 1.81% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
 ​ ​ ​ $ 8,709 ​ ​ ​ ​ $ 26,856 ​ ​ ​ ​ $ 53,235 ​ ​ ​ ​ $ 51,188 ​ ​ ​ ​ $ 57,046 ​ ​ ​ ​ $ 45,319 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(f)
​ ​ ​ ​ 0.28%(g) ​ ​ ​ ​ ​ 0.21% ​ ​ ​ ​ ​ 0.21% ​ ​ ​ ​ ​ 0.21% ​ ​ ​ ​ ​ 0.37% ​ ​ ​ ​ ​ 0.49% ​ ​
Expenses excluding waivers/ reimbursements(f)
​ ​ ​ ​ 0.34%(g) ​ ​ ​ ​ ​ 0.47% ​ ​ ​ ​ ​ 0.49% ​ ​ ​ ​ ​ 0.49% ​ ​ ​ ​ ​ 0.49% ​ ​ ​ ​ ​ 0.49% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 4.98%(g) ​ ​ ​ ​ ​ 0.78% ​ ​ ​ ​ ​ 0.56% ​ ​ ​ ​ ​ 1.95% ​ ​ ​ ​ ​ 1.77% ​ ​ ​ ​ ​ 1.10% ​ ​
Portfolio turnover rate(h)
​ ​ ​ ​ 8% ​ ​ ​ ​ ​ 114% ​ ​ ​ ​ ​ 66% ​ ​ ​ ​ ​ 68% ​ ​ ​ ​ ​ 97% ​ ​ ​ ​ ​ 101% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Less than $0.005 per share.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(g)
Annualized.
​
(h)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
143​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 22.47 ​ ​ ​ ​ $ 24.99 ​ ​ ​ ​ $ 23.86 ​ ​ ​ ​ $ 24.76 ​ ​ ​ ​ $ 24.36 ​ ​ ​ ​ $ 25.20 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.47 ​ ​ ​ ​ ​ 0.80 ​ ​ ​ ​ ​ 0.93 ​ ​ ​ ​ ​ 1.01 ​ ​ ​ ​ ​ 1.07 ​ ​ ​ ​ ​ 0.99 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (1.09) ​ ​ ​ ​ ​ (2.40) ​ ​ ​ ​ ​ 1.16 ​ ​ ​ ​ ​ (0.81) ​ ​ ​ ​ ​ 0.41 ​ ​ ​ ​ ​ (0.88) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (0.63) ​ ​ ​ ​ ​ (1.60) ​ ​ ​ ​ ​ 2.09 ​ ​ ​ ​ ​ 0.20 ​ ​ ​ ​ ​ 1.48 ​ ​ ​ ​ ​ 0.11 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.49) ​ ​ ​ ​ ​ (0.92) ​ ​ ​ ​ ​ (0.96) ​ ​ ​ ​ ​ (1.10) ​ ​ ​ ​ ​ (1.08) ​ ​ ​ ​ ​ (0.95) ​ ​
Net asset value, end of period
​ ​ ​ $ 21.36 ​ ​ ​ ​ $ 22.47 ​ ​ ​ ​ $ 24.99 ​ ​ ​ ​ $ 23.86 ​ ​ ​ ​ $ 24.76 ​ ​ ​ ​ $ 24.36 ​ ​
Market price, end of period
​ ​ ​ $ 21.37 ​ ​ ​ ​ $ 22.31 ​ ​ ​ ​ $ 25.02 ​ ​ ​ ​ $ 24.03 ​ ​ ​ ​ $ 24.78 ​ ​ ​ ​ $ 24.32 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(c)
​ ​ ​ ​ (2.83)% ​ ​ ​ ​ ​ (6.67)% ​ ​ ​ ​ ​ 8.89% ​ ​ ​ ​ ​ 0.71% ​ ​ ​ ​ ​ 6.31% ​ ​ ​ ​ ​ 0.39% ​ ​
Total investment return based on market
price(d)
​ ​ ​ ​ (2.03)% ​ ​ ​ ​ ​ (7.44)% ​ ​ ​ ​ ​ 8.23% ​ ​ ​ ​ ​ 1.34% ​ ​ ​ ​ ​ 6.56% ​ ​ ​ ​ ​ (0.36)% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s
omitted)
​ ​ ​ $ 18,152 ​ ​ ​ ​ $ 21,346 ​ ​ ​ ​ $ 106,222 ​ ​ ​ ​ $ 51,295 ​ ​ ​ ​ $ 65,626 ​ ​ ​ ​ $ 107,192 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(e)
​ ​ ​ ​ 0.42%(f) ​ ​ ​ ​ ​ 0.40% ​ ​ ​ ​ ​ 0.40% ​ ​ ​ ​ ​ 0.40% ​ ​ ​ ​ ​ 0.40% ​ ​ ​ ​ ​ 0.40% ​ ​
Expenses excluding waivers/ reimbursements(e)
​ ​ ​ ​ 0.44%(f) ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.41% ​ ​ ​ ​ ​ 0.41% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 4.29%(f) ​ ​ ​ ​ ​ 3.23% ​ ​ ​ ​ ​ 3.72% ​ ​ ​ ​ ​ 4.04% ​ ​ ​ ​ ​ 4.42% ​ ​ ​ ​ ​ 3.97% ​ ​
Portfolio turnover rate(g)
​ ​ ​ ​ 49% ​ ​ ​ ​ ​ 99% ​ ​ ​ ​ ​ 105% ​ ​ ​ ​ ​ 105% ​ ​ ​ ​ ​ 83% ​ ​ ​ ​ ​ 75% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(d)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(e)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(f)
Annualized.
​
(g)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
144
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Merger Arbitrage ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of
period
​ ​ ​ $ 31.81 ​ ​ ​ ​ $ 33.62 ​ ​ ​ ​ $ 31.53 ​ ​ ​ ​ $ 31.50 ​ ​ ​ ​ $ 30.72 ​ ​ ​ ​ $ 30.21 ​ ​
Income from Investment Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.30 ​ ​ ​ ​ ​ 0.09 ​ ​ ​ ​ ​ 0.31 ​ ​ ​ ​ ​ 0.14 ​ ​ ​ ​ ​ 0.07 ​ ​ ​ ​ ​ 0.10 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (0.44) ​ ​ ​ ​ ​ (1.90) ​ ​ ​ ​ ​ 2.55 ​ ​ ​ ​ ​ (0.11) ​ ​ ​ ​ ​ 0.71 ​ ​ ​ ​ ​ 0.41(c) ​ ​
Distributions of net realized gains from investments in other investment companies
​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.00(d) ​ ​ ​ ​ ​ 0.00(d) ​ ​ ​ ​ ​ 0.00(d) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (0.14) ​ ​ ​ ​ ​ (1.81) ​ ​ ​ ​ ​ 2.86 ​ ​ ​ ​ ​ 0.03 ​ ​ ​ ​ ​ 0.78 ​ ​ ​ ​ ​ 0.51 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (0.77) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net asset value, end of period
​ ​ ​ $ 31.67 ​ ​ ​ ​ $ 31.81 ​ ​ ​ ​ $ 33.62 ​ ​ ​ ​ $ 31.53 ​ ​ ​ ​ $ 31.50 ​ ​ ​ ​ $ 30.72 ​ ​
Market price, end of period
​ ​ ​ $ 31.60 ​ ​ ​ ​ $ 31.78 ​ ​ ​ ​ $ 33.67 ​ ​ ​ ​ $ 31.45 ​ ​ ​ ​ $ 31.48 ​ ​ ​ ​ $ 30.75 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(e)
​ ​ ​ ​ (0.45)% ​ ​ ​ ​ ​ (5.38)% ​ ​ ​ ​ ​ 9.07% ​ ​ ​ ​ ​ 0.10% ​ ​ ​ ​ ​ 2.52% ​ ​ ​ ​ ​ 1.69% ​ ​
Total investment return based on market price(f)
​ ​ ​ ​ (0.57)% ​ ​ ​ ​ ​ (5.61)% ​ ​ ​ ​ ​ 9.53% ​ ​ ​ ​ ​ (0.10)% ​ ​ ​ ​ ​ 2.37% ​ ​ ​ ​ ​ 1.59% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 558,925 ​ ​ ​ ​ $ 591,634 ​ ​ ​ ​ $ 746,279 ​ ​ ​ ​ $ 723,582 ​ ​ ​ ​ $ 985,800 ​ ​ ​ ​ $ 525,386 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses(g)
​ ​ ​ ​ 0.78%(h) ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 1.90%(h) ​ ​ ​ ​ ​ 0.28% ​ ​ ​ ​ ​ 0.94% ​ ​ ​ ​ ​ 0.42% ​ ​ ​ ​ ​ 0.21% ​ ​ ​ ​ ​ 0.34% ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 142% ​ ​ ​ ​ ​ 314% ​ ​ ​ ​ ​ 313% ​ ​ ​ ​ ​ 308% ​ ​ ​ ​ ​ 337% ​ ​ ​ ​ ​ 329% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Calculation of the net realized and unrealized gain (loss) per share does not correlate with the Fund’s net realized and unrealized gain (loss) presented on the Statements of Changes in Net Assets due to the timing of creation of Fund shares in relation to fluctuating market values.
​
(d)
Less than $0.005 per share.
​
(e)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(f)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
145​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Global Resources ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 34.07 ​ ​ ​ ​ $ 28.60 ​ ​ ​ ​ $ 24.16 ​ ​ ​ ​ $ 26.97 ​ ​ ​ ​ $ 27.76 ​ ​ ​ ​ $ 25.82 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.82 ​ ​ ​ ​ ​ 1.05 ​ ​ ​ ​ ​ 0.71 ​ ​ ​ ​ ​ 0.66 ​ ​ ​ ​ ​ 0.65 ​ ​ ​ ​ ​ 0.68 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (2.94) ​ ​ ​ ​ ​ 4.42 ​ ​ ​ ​ ​ 6.27 ​ ​ ​ ​ ​ (3.00) ​ ​ ​ ​ ​ (1.24) ​ ​ ​ ​ ​ 1.26 ​ ​
Distributions of net realized gains from investments in other investment companies
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 0.01 ​ ​ ​ ​ ​ 0.00(c) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (2.12) ​ ​ ​ ​ ​ 5.47 ​ ​ ​ ​ ​ 6.99 ​ ​ ​ ​ ​ (2.34) ​ ​ ​ ​ ​ (0.59) ​ ​ ​ ​ ​ 1.94 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.35) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (2.55) ​ ​ ​ ​ ​ (0.47) ​ ​ ​ ​ ​ (0.20) ​ ​ ​ ​ ​ — ​ ​
Net asset value, end of period
​ ​ ​ $ 31.60 ​ ​ ​ ​ $ 34.07 ​ ​ ​ ​ $ 28.60 ​ ​ ​ ​ $ 24.16 ​ ​ ​ ​ $ 26.97 ​ ​ ​ ​ $ 27.76 ​ ​
Market price, end of period
​ ​ ​ $ 31.56 ​ ​ ​ ​ $ 33.92 ​ ​ ​ ​ $ 28.55 ​ ​ ​ ​ $ 23.99 ​ ​ ​ ​ $ 27.06 ​ ​ ​ ​ $ 27.65 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (6.20)% ​ ​ ​ ​ ​ 19.11% ​ ​ ​ ​ ​ 30.07% ​ ​ ​ ​ ​ (8.89)% ​ ​ ​ ​ ​ (2.08)% ​ ​ ​ ​ ​ 7.50% ​ ​
Total investment return based on market
price(e)
​ ​ ​ ​ (5.88)% ​ ​ ​ ​ ​ 18.81% ​ ​ ​ ​ ​ 30.76% ​ ​ ​ ​ ​ (9.81)% ​ ​ ​ ​ ​ (1.38)% ​ ​ ​ ​ ​ 6.55% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s
omitted)
​ ​ ​ $ 36,334 ​ ​ ​ ​ $ 34,070 ​ ​ ​ ​ $ 20,021 ​ ​ ​ ​ $ 22,948 ​ ​ ​ ​ $ 175,312 ​ ​ ​ ​ $ 238,712 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(f)
​ ​ ​ ​ 0.32%(g) ​ ​ ​ ​ ​ 0.43% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Expenses excluding waivers/ reimbursements(f)
​ ​ ​ ​ 0.33%(g) ​ ​ ​ ​ ​ 0.43% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​ ​ ​ ​ 0.76% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 5.17%(g) ​ ​ ​ ​ ​ 3.40% ​ ​ ​ ​ ​ 2.70% ​ ​ ​ ​ ​ 2.48% ​ ​ ​ ​ ​ 2.37% ​ ​ ​ ​ ​ 2.51% ​ ​
Portfolio turnover rate(h)
​ ​ ​ ​ 8% ​ ​ ​ ​ ​ 77% ​ ​ ​ ​ ​ 98% ​ ​ ​ ​ ​ 100% ​ ​ ​ ​ ​ 132% ​ ​ ​ ​ ​ 235% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Less than $0.005 per share.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(g)
Annualized.
​
(h)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
146
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ CBRE NextGen Real Estate ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of period
​ ​ ​ $ 24.37 ​ ​ ​ ​ $ 25.52 ​ ​ ​ ​ $ 17.32 ​ ​ ​ ​ $ 25.13 ​ ​ ​ ​ $ 24.14 ​ ​ ​ ​ $ 27.14 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.40 ​ ​ ​ ​ ​ 0.41 ​ ​ ​ ​ ​ 0.33 ​ ​ ​ ​ ​ 0.66 ​ ​ ​ ​ ​ 0.79 ​ ​ ​ ​ ​ 0.88 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (5.64) ​ ​ ​ ​ ​ (0.58) ​ ​ ​ ​ ​ 8.67 ​ ​ ​ ​ ​ (7.16) ​ ​ ​ ​ ​ 1.81 ​ ​ ​ ​ ​ (2.53) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (5.24) ​ ​ ​ ​ ​ (0.17) ​ ​ ​ ​ ​ 9.00 ​ ​ ​ ​ ​ (6.50) ​ ​ ​ ​ ​ 2.60 ​ ​ ​ ​ ​ (1.65) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.55) ​ ​ ​ ​ ​ (0.98) ​ ​ ​ ​ ​ (0.32) ​ ​ ​ ​ ​ (0.62) ​ ​ ​ ​ ​ (0.78) ​ ​ ​ ​ ​ (0.85) ​ ​
Return of capital
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (0.48) ​ ​ ​ ​ ​ (0.69) ​ ​ ​ ​ ​ (0.83) ​ ​ ​ ​ ​ (0.50) ​ ​
Total distributions from net investment income and return of capital
​ ​ ​ ​ (0.55) ​ ​ ​ ​ ​ (0.98) ​ ​ ​ ​ ​ (0.80) ​ ​ ​ ​ ​ (1.31) ​ ​ ​ ​ ​ (1.61) ​ ​ ​ ​ ​ (1.35) ​ ​
Net asset value, end of period
​ ​ ​ $ 18.58 ​ ​ ​ ​ $ 24.37 ​ ​ ​ ​ $ 25.52 ​ ​ ​ ​ $ 17.32 ​ ​ ​ ​ $ 25.13 ​ ​ ​ ​ $ 24.14 ​ ​
Market price, end of period
​ ​ ​ $ 18.56 ​ ​ ​ ​ $ 24.35 ​ ​ ​ ​ $ 25.51 ​ ​ ​ ​ $ 17.30 ​ ​ ​ ​ $ 25.12 ​ ​ ​ ​ $ 24.12 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(c)
​ ​ ​ ​ (21.77)% ​ ​ ​ ​ ​ (0.76)% ​ ​ ​ ​ ​ 53.54% ​ ​ ​ ​ ​ (27.15)% ​ ​ ​ ​ ​ 11.16% ​ ​ ​ ​ ​ (6.37)% ​ ​
Total investment return based on market price(d)
​ ​ ​ ​ (21.75)% ​ ​ ​ ​ ​ (0.84)% ​ ​ ​ ​ ​ 53.68% ​ ​ ​ ​ ​ (27.21)% ​ ​ ​ ​ ​ 11.24% ​ ​ ​ ​ ​ (6.49)% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
 ​ ​ ​ $ 26,937 ​ ​ ​ ​ $ 40,218 ​ ​ ​ ​ $ 52,309 ​ ​ ​ ​ $ 40,702 ​ ​ ​ ​ $ 71,615 ​ ​ ​ ​ $ 82,089 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(e)
​ ​ ​ ​ 0.70%(f) ​ ​ ​ ​ ​ 0.70% ​ ​ ​ ​ ​ 0.70% ​ ​ ​ ​ ​ 0.70% ​ ​ ​ ​ ​ 0.70% ​ ​ ​ ​ ​ 0.70% ​ ​
Expenses excluding waivers/ reimbursements(e)
​ ​ ​ ​ 0.70%(f) ​ ​ ​ ​ ​ —% ​ ​ ​ ​ ​ —% ​ ​ ​ ​ ​ —% ​ ​ ​ ​ ​ —% ​ ​ ​ ​ ​ —% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 3.66%(f) ​ ​ ​ ​ ​ 1.58% ​ ​ ​ ​ ​ 1.66% ​ ​ ​ ​ ​ 2.72% ​ ​ ​ ​ ​ 3.11% ​ ​ ​ ​ ​ 3.36% ​ ​
Portfolio turnover rate(g)
​ ​ ​ ​ 106% ​ ​ ​ ​ ​ 31% ​ ​ ​ ​ ​ 38% ​ ​ ​ ​ ​ 26% ​ ​ ​ ​ ​ 26% ​ ​ ​ ​ ​ 27% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(d)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(e)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(f)
Annualized.
​
(g)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
147​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ FTSE International Equity Currency Neutral ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​ ​
2018
​
Net asset value, beginning of
period
​ ​ ​ $ 22.88 ​ ​ ​ ​ $ 24.34 ​ ​ ​ ​ $ 18.02 ​ ​ ​ ​ $ 20.59 ​ ​ ​ ​ $ 21.63 ​ ​ ​ ​ $ 19.68 ​ ​
Income from Investment Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(a)(b)
​ ​ ​ ​ 0.37 ​ ​ ​ ​ ​ 0.67 ​ ​ ​ ​ ​ 0.51 ​ ​ ​ ​ ​ 0.56 ​ ​ ​ ​ ​ 0.62 ​ ​ ​ ​ ​ 0.60 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (2.42) ​ ​ ​ ​ ​ (1.40) ​ ​ ​ ​ ​ 6.28 ​ ​ ​ ​ ​ (2.51) ​ ​ ​ ​ ​ (0.77) ​ ​ ​ ​ ​ 1.89 ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (2.05) ​ ​ ​ ​ ​ (0.73) ​ ​ ​ ​ ​ 6.79 ​ ​ ​ ​ ​ (1.95) ​ ​ ​ ​ ​ (0.15) ​ ​ ​ ​ ​ 2.49 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.45) ​ ​ ​ ​ ​ (0.73) ​ ​ ​ ​ ​ (0.47) ​ ​ ​ ​ ​ (0.62) ​ ​ ​ ​ ​ (0.70) ​ ​ ​ ​ ​ (0.54) ​ ​
Net realized gain
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (0.19) ​ ​ ​ ​ ​ 0.00(c) ​ ​
Total distributions from net investment income and realized gains
​ ​ ​ ​ (0.45) ​ ​ ​ ​ ​ (0.73) ​ ​ ​ ​ ​ (0.47) ​ ​ ​ ​ ​ (0.62) ​ ​ ​ ​ ​ (0.89) ​ ​ ​ ​ ​ (0.54) ​ ​
Net asset value, end of period
​ ​ ​ $ 20.38 ​ ​ ​ ​ $ 22.88 ​ ​ ​ ​ $ 24.34 ​ ​ ​ ​ $ 18.02 ​ ​ ​ ​ $ 20.59 ​ ​ ​ ​ $ 21.63 ​ ​
Market price, end of period
​ ​ ​ $ 20.39 ​ ​ ​ ​ $ 22.60 ​ ​ ​ ​ $ 24.36 ​ ​ ​ ​ $ 17.83 ​ ​ ​ ​ $ 20.65 ​ ​ ​ ​ $ 21.60 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (9.01)% ​ ​ ​ ​ ​ (3.16)% ​ ​ ​ ​ ​ 38.14% ​ ​ ​ ​ ​ (9.74)% ​ ​ ​ ​ ​ (0.42)% ​ ​ ​ ​ ​ 12.84% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (7.82)% ​ ​ ​ ​ ​ (4.45)% ​ ​ ​ ​ ​ 39.70% ​ ​ ​ ​ ​ (10.94)% ​ ​ ​ ​ ​ (0.03)% ​ ​ ​ ​ ​ 12.28% ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
 ​ ​ ​ $ 264,909 ​ ​ ​ ​ $ 265,421 ​ ​ ​ ​ $ 310,388 ​ ​ ​ ​ $ 249,575 ​ ​ ​ ​ $ 281,079 ​ ​ ​ ​ $ 578,517 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(f)
​ ​ ​ ​ 0.21%(g) ​ ​ ​ ​ ​ 0.20% ​ ​ ​ ​ ​ 0.20% ​ ​ ​ ​ ​ 0.20% ​ ​ ​ ​ ​ 0.20% ​ ​ ​ ​ ​ 0.22% ​ ​
Expenses excluding waivers/ reimbursements(f)
​ ​ ​ ​ 0.32%(g) ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ ​ 0.36% ​ ​
Net investment income (loss)(b)
​ ​ ​ ​ 3.46%(g) ​ ​ ​ ​ ​ 2.72% ​ ​ ​ ​ ​ 2.41% ​ ​ ​ ​ ​ 2.78% ​ ​ ​ ​ ​ 3.03% ​ ​ ​ ​ ​ 2.87% ​ ​
Portfolio turnover rate(h)
​ ​ ​ ​ 5% ​ ​ ​ ​ ​ 10% ​ ​ ​ ​ ​ 10% ​ ​ ​ ​ ​ 8% ​ ​ ​ ​ ​ 13% ​ ​ ​ ​ ​ 10% ​ ​
​
(a)
Based on average shares outstanding.
​
(b)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(c)
Less than $0.005 per share.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(g)
Annualized.
​
(h)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
148
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Chaikin U.S. Large Cap ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​ ​
For the Period
December 13,
2017(a) to
April 30, 2018
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​
Net asset value, beginning of period​
​ ​ ​ $ 32.24 ​ ​ ​ ​ $ 32.51 ​ ​ ​ ​ $ 21.95 ​ ​ ​ ​ $ 24.75 ​ ​ ​ ​ $ 25.30 ​ ​ ​ ​ $ 25.05 ​ ​
Income from Investment Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.24 ​ ​ ​ ​ ​ 0.40 ​ ​ ​ ​ ​ 0.38 ​ ​ ​ ​ ​ 0.58 ​ ​ ​ ​ ​ 0.48 ​ ​ ​ ​ ​ 0.15 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (1.04) ​ ​ ​ ​ ​ (0.30) ​ ​ ​ ​ ​ 10.60 ​ ​ ​ ​ ​ (2.80) ​ ​ ​ ​ ​ (0.53) ​ ​ ​ ​ ​ 0.18(d) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (0.80) ​ ​ ​ ​ ​ 0.10 ​ ​ ​ ​ ​ 10.98 ​ ​ ​ ​ ​ (2.22) ​ ​ ​ ​ ​ (0.05) ​ ​ ​ ​ ​ 0.33 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.22) ​ ​ ​ ​ ​ (0.37) ​ ​ ​ ​ ​ (0.42) ​ ​ ​ ​ ​ (0.58) ​ ​ ​ ​ ​ (0.50) ​ ​ ​ ​ ​ (0.08) ​ ​
Net asset value, end of period
​ ​ ​ $ 31.22 ​ ​ ​ ​ $ 32.24 ​ ​ ​ ​ $ 32.51 ​ ​ ​ ​ $ 21.95 ​ ​ ​ ​ $ 24.75 ​ ​ ​ ​ $ 25.30 ​ ​
Market price, end of period
​ ​ ​ $ 31.22 ​ ​ ​ ​ $ 32.25 ​ ​ ​ ​ $ 32.54 ​ ​ ​ ​ $ 21.92 ​ ​ ​ ​ $ 24.75 ​ ​ ​ ​ $ 25.30 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(e)
​ ​ ​ ​ (2.46)% ​ ​ ​ ​ ​ 0.24% ​ ​ ​ ​ ​ 50.46% ​ ​ ​ ​ ​ (9.04)% ​ ​ ​ ​ ​ (0.13)% ​ ​ ​ ​ ​ 1.31% ​ ​
Total investment return based on market price(f)
​ ​ ​ ​ (2.47)% ​ ​ ​ ​ ​ 0.17% ​ ​ ​ ​ ​ 50.82% ​ ​ ​ ​ ​ (9.18)% ​ ​ ​ ​ ​ (0.13)% ​ ​ ​ ​ ​ 1.32%(g) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 277,883 ​ ​ ​ ​ $ 306,319 ​ ​ ​ ​ $ 305,608 ​ ​ ​ ​ $ 220,630 ​ ​ ​ ​ $ 278,412 ​ ​ ​ ​ $ 320,000 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(h)
​ ​ ​ ​ 0.25%(i) ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ ​ 0.25%(i) ​ ​
Expenses excluding waivers/ reimbursements(h)
​ ​ ​ ​ 0.26%(i) ​ ​ ​ ​ ​ 0.26% ​ ​ ​ ​ ​ 0.26% ​ ​ ​ ​ ​ 0.26% ​ ​ ​ ​ ​ 0.26% ​ ​ ​ ​ ​ 0.26%(i) ​ ​
Net investment income (loss)(c)
 ​ ​ ​ ​ 1.54%(i) ​ ​ ​ ​ ​ 1.17% ​ ​ ​ ​ ​ 1.43% ​ ​ ​ ​ ​ 2.35% ​ ​ ​ ​ ​ 1.97% ​ ​ ​ ​ ​ 1.59%(i) ​ ​
Portfolio turnover rate(j)
​ ​ ​ ​ 2% ​ ​ ​ ​ ​ 65% ​ ​ ​ ​ ​ 68% ​ ​ ​ ​ ​ 58% ​ ​ ​ ​ ​ 52% ​ ​ ​ ​ ​ 94% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Calculation of the net realized and unrealized gain (loss) per share does not correlate with the Fund’s net realized and unrealized gain (loss) presented on the Statements of Changes in Net Assets due to the timing of creation of Fund shares in relation to fluctuating market values.
​
(e)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(f)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(g)
Assumes investment at the net asset value at the beginning of the period.
​
(h)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(i)
Annualized.
​
(j)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
149​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Chaikin U.S. Small Cap ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​ ​
For the Period
May 16,
2017(a) to
April 30, 2018
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​ ​
2019
​
Net asset value, beginning of period​
​ ​ ​ $ 31.85 ​ ​ ​ ​ $ 35.03 ​ ​ ​ ​ $ 20.02 ​ ​ ​ ​ $ 25.72 ​ ​ ​ ​ $ 27.13 ​ ​ ​ ​ $ 25.16 ​ ​
Income from Investment Operations
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.23 ​ ​ ​ ​ ​ 0.44 ​ ​ ​ ​ ​ 0.35 ​ ​ ​ ​ ​ 0.28 ​ ​ ​ ​ ​ 0.27 ​ ​ ​ ​ ​ 0.16 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ 0.73 ​ ​ ​ ​ ​ (3.16) ​ ​ ​ ​ ​ 15.01 ​ ​ ​ ​ ​ (5.72) ​ ​ ​ ​ ​ (1.39) ​ ​ ​ ​ ​ 1.93 ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ 0.96 ​ ​ ​ ​ ​ (2.72) ​ ​ ​ ​ ​ 15.36 ​ ​ ​ ​ ​ (5.44) ​ ​ ​ ​ ​ (1.12) ​ ​ ​ ​ ​ 2.09 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.18) ​ ​ ​ ​ ​ (0.46) ​ ​ ​ ​ ​ (0.35) ​ ​ ​ ​ ​ (0.26) ​ ​ ​ ​ ​ (0.29) ​ ​ ​ ​ ​ (0.12) ​ ​
Net asset value, end of period
​ ​ ​ $ 32.63 ​ ​ ​ ​ $ 31.85 ​ ​ ​ ​ $ 35.03 ​ ​ ​ ​ $ 20.02 ​ ​ ​ ​ $ 25.72 ​ ​ ​ ​ $ 27.13 ​ ​
Market price, end of period
​ ​ ​ $ 32.69 ​ ​ ​ ​ $ 31.83 ​ ​ ​ ​ $ 35.03 ​ ​ ​ ​ $ 20.02 ​ ​ ​ ​ $ 25.72 ​ ​ ​ ​ $ 27.14 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ 3.06% ​ ​ ​ ​ ​ (7.89)% ​ ​ ​ ​ ​ 77.31% ​ ​ ​ ​ ​ (21.35)% ​ ​ ​ ​ ​ (4.10)% ​ ​ ​ ​ ​ 8.33% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ 3.31% ​ ​ ​ ​ ​ (7.95)% ​ ​ ​ ​ ​ 77.34% ​ ​ ​ ​ ​ (21.34)% ​ ​ ​ ​ ​ (4.14)% ​ ​ ​ ​ ​ 8.36%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 238,221 ​ ​ ​ ​ $ 186,308 ​ ​ ​ ​ $ 206,659 ​ ​ ​ ​ $ 103,108 ​ ​ ​ ​ $ 348,555 ​ ​ ​ ​ $ 465,347 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/ reimbursements(g)
​ ​ ​ ​ 0.36%(h) ​ ​ ​ ​ ​ 0.35% ​ ​ ​ ​ ​ 0.35% ​ ​ ​ ​ ​ 0.35% ​ ​ ​ ​ ​ 0.35% ​ ​ ​ ​ ​ 0.35%(h) ​ ​
Expenses excluding waivers/ reimbursements(g)
​ ​ ​ ​ 0.36%(h) ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ ​ 0.36% ​ ​ ​ ​ ​ 0.36%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 1.43%(h) ​ ​ ​ ​ ​ 1.24% ​ ​ ​ ​ ​ 1.29% ​ ​ ​ ​ ​ 1.14% ​ ​ ​ ​ ​ 1.01% ​ ​ ​ ​ ​ 0.61%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 2% ​ ​ ​ ​ ​ 64% ​ ​ ​ ​ ​ 76% ​ ​ ​ ​ ​ 43% ​ ​ ​ ​ ​ 57% ​ ​ ​ ​ ​ 106% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
150
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ 500 International ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​ ​
For the Period
December 13,
2018(a) to
April 30, 2019
​
​ ​ ​
2022
​ ​
2021
​ ​
2020
​
Net asset value, beginning of period​
​ ​ ​ $ 30.08 ​ ​ ​ ​ $ 32.58 ​ ​ ​ ​ $ 22.29 ​ ​ ​ ​ $ 27.64 ​ ​ ​ ​ $ 25.50 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.55 ​ ​ ​ ​ ​ 1.03 ​ ​ ​ ​ ​ 0.77 ​ ​ ​ ​ ​ 0.72 ​ ​ ​ ​ ​ 0.39 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (4.12) ​ ​ ​ ​ ​ (2.35) ​ ​ ​ ​ ​ 10.19 ​ ​ ​ ​ ​ (5.40) ​ ​ ​ ​ ​ 1.77 ​ ​
Net increase (decrease) in net assets resulting
from investment operations
​ ​ ​ ​ (3.57) ​ ​ ​ ​ ​ (1.32) ​ ​ ​ ​ ​ 10.96 ​ ​ ​ ​ ​ (4.68) ​ ​ ​ ​ ​ 2.16 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.67) ​ ​ ​ ​ ​ (1.18) ​ ​ ​ ​ ​ (0.67) ​ ​ ​ ​ ​ (0.67) ​ ​ ​ ​ ​ (0.02) ​ ​
Net asset value, end of period
​ ​ ​ $ 25.84 ​ ​ ​ ​ $ 30.08 ​ ​ ​ ​ $ 32.58 ​ ​ ​ ​ $ 22.29 ​ ​ ​ ​ $ 27.64 ​ ​
Market price, end of period
​ ​ ​ $ 25.94 ​ ​ ​ ​ $ 29.74 ​ ​ ​ ​ $ 32.52 ​ ​ ​ ​ $ 22.10 ​ ​ ​ ​ $ 27.65 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (12.03)% ​ ​ ​ ​ ​ (4.29)% ​ ​ ​ ​ ​ 49.88% ​ ​ ​ ​ ​ (17.33)% ​ ​ ​ ​ ​ 8.47% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (10.66)% ​ ​ ​ ​ ​ (5.21)% ​ ​ ​ ​ ​ 50.94% ​ ​ ​ ​ ​ (18.07)% ​ ​ ​ ​ ​ 8.52%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 180,880 ​ ​ ​ ​ $ 210,578 ​ ​ ​ ​ $ 244,336 ​ ​ ​ ​ $ 218,451 ​ ​ ​ ​ $ 85,675 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.25%(g) ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ ​ 0.25% ​ ​ ​ ​ ​ 0.25%(h) ​ ​
Expenses excluding waivers/ reimbursements(g)
​ ​ ​ ​ 0.27%(g) ​ ​ ​ ​ ​ 0.26% ​ ​ ​ ​ ​ 0.26% ​ ​ ​ ​ ​ 0.26% ​ ​ ​ ​ ​ 0.26%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 3.94%(g) ​ ​ ​ ​ ​ 3.15% ​ ​ ​ ​ ​ 2.86% ​ ​ ​ ​ ​ 2.81% ​ ​ ​ ​ ​ 3.90%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 17% ​ ​ ​ ​ ​ 19% ​ ​ ​ ​ ​ 9% ​ ​ ​ ​ ​ 13% ​ ​ ​ ​ ​ 0% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
151​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​ ​
For the Period
December 17,
2019(a) to
April 30, 2020
​
​ ​ ​
2022
​ ​
2021
​
Net asset value, beginning of period​
​ ​ ​ $ 35.56 ​ ​ ​ ​ $ 35.56 ​ ​ ​ ​ $ 24.13 ​ ​ ​ ​ $ 25.18 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.24 ​ ​ ​ ​ ​ 0.46 ​ ​ ​ ​ ​ 0.42 ​ ​ ​ ​ ​ 0.15 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (2.74) ​ ​ ​ ​ ​ (0.01) ​ ​ ​ ​ ​ 11.32 ​ ​ ​ ​ ​ (1.08) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (2.50) ​ ​ ​ ​ ​ 0.45 ​ ​ ​ ​ ​ 11.74 ​ ​ ​ ​ ​ (0.93) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.22) ​ ​ ​ ​ ​ (0.45) ​ ​ ​ ​ ​ (0.31) ​ ​ ​ ​ ​ (0.12) ​ ​
Net asset value, end of period
​ ​ ​ $ 32.84 ​ ​ ​ ​ $ 35.56 ​ ​ ​ ​ $ 35.56 ​ ​ ​ ​ $ 24.13 ​ ​
Market price, end of period
​ ​ ​ $ 32.84 ​ ​ ​ ​ $ 35.58 ​ ​ ​ ​ $ 35.57 ​ ​ ​ ​ $ 24.12 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (7.04)% ​ ​ ​ ​ ​ 1.21% ​ ​ ​ ​ ​ 48.85% ​ ​ ​ ​ ​ (3.59)% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (7.07)% ​ ​ ​ ​ ​ 1.23% ​ ​ ​ ​ ​ 49.00% ​ ​ ​ ​ ​ (3.64)%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 372,736 ​ ​ ​ ​ $ 428,535 ​ ​ ​ ​ $ 410,702 ​ ​ ​ ​ $ 6,034 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.09%(h) ​ ​ ​ ​ ​ 0.09% ​ ​ ​ ​ ​ 0.09% ​ ​ ​ ​ ​ 0.09%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.11%(h) ​ ​ ​ ​ ​ 0.10% ​ ​ ​ ​ ​ 0.10% ​ ​ ​ ​ ​ 0.11%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 1.42%(h) ​ ​ ​ ​ ​ 1.21% ​ ​ ​ ​ ​ 1.35% ​ ​ ​ ​ ​ 1.67%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 16% ​ ​ ​ ​ ​ 5% ​ ​ ​ ​ ​ 21% ​ ​ ​ ​ ​ 12% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
152
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Candriam
ESG U.S. Mid Cap
Equity ETF
​
​ ​ ​
For the Period
October 25,
2022(a) to
October 31, 2022
​
Net asset value, beginning of period
​ ​ ​ $ 25.00 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.01 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ 1.10 ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ 1.11 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​
Net asset value, end of period
​ ​ ​ $ 26.11 ​ ​
Market price, end of period
​ ​ ​ $ 26.12 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ 3.60% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ 3.65%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 5,222 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.15%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.16%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 1.87%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 0% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
153​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Candriam ESG International Equity ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Year Ended April 30,
​ ​
For the Period
December 17,
2019(a) to
April 30, 2020
​
​ ​ ​
2022
​ ​
2021
​
Net asset value, beginning of period
​ ​ ​ $ 26.16 ​ ​ ​ ​ $ 29.21 ​ ​ ​ ​ $ 21.00 ​ ​ ​ ​ $ 25.19 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.39 ​ ​ ​ ​ ​ 0.85 ​ ​ ​ ​ ​ 0.62 ​ ​ ​ ​ ​ 0.26 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (3.66) ​ ​ ​ ​ ​ (3.05) ​ ​ ​ ​ ​ 8.01 ​ ​ ​ ​ ​ (4.34) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (3.27) ​ ​ ​ ​ ​ (2.20) ​ ​ ​ ​ ​ 8.63 ​ ​ ​ ​ ​ (4.08) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.52) ​ ​ ​ ​ ​ (0.85) ​ ​ ​ ​ ​ (0.42) ​ ​ ​ ​ ​ (0.11) ​ ​
Net asset value, end of period
​ ​ ​ $ 22.37 ​ ​ ​ ​ $ 26.16 ​ ​ ​ ​ $ 29.21 ​ ​ ​ ​ $ 21.00 ​ ​
Market price, end of period
​ ​ ​ $ 22.42 ​ ​ ​ ​ $ 25.79 ​ ​ ​ ​ $ 29.25 ​ ​ ​ ​ $ 20.87 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (12.56)% ​ ​ ​ ​ ​ (7.82)% ​ ​ ​ ​ ​ 41.45% ​ ​ ​ ​ ​ (16.18)% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (11.12)% ​ ​ ​ ​ ​ (9.25)% ​ ​ ​ ​ ​ 42.51% ​ ​ ​ ​ ​ (16.68)%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 181,213 ​ ​ ​ ​ $ 198,798 ​ ​ ​ ​ $ 186,951 ​ ​ ​ ​ $ 46,196 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.15%(h) ​ ​ ​ ​ ​ 0.15% ​ ​ ​ ​ ​ 0.15% ​ ​ ​ ​ ​ 0.15%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.16%(h) ​ ​ ​ ​ ​ 0.16% ​ ​ ​ ​ ​ 0.16% ​ ​ ​ ​ ​ 0.16%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 3.29%(h) ​ ​ ​ ​ ​ 2.90% ​ ​ ​ ​ ​ 2.41% ​ ​ ​ ​ ​ 3.20%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 14% ​ ​ ​ ​ ​ 10% ​ ​ ​ ​ ​ 21% ​ ​ ​ ​ ​ 3% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
154
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Healthy Hearts ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the
Year Ended
April 30, 2022
​ ​
For the Period
January 14,
2021(a) to
April 30, 2021
​
Net asset value, beginning of period​
​ ​ ​ $ 27.57 ​ ​ ​ ​ $ 26.24 ​ ​ ​ ​ $ 24.93 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.13 ​ ​ ​ ​ ​ 0.32 ​ ​ ​ ​ ​ 0.14 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (2.05) ​ ​ ​ ​ ​ 1.33 ​ ​ ​ ​ ​ 1.26 ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (1.92) ​ ​ ​ ​ ​ 1.65 ​ ​ ​ ​ ​ 1.40 ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.16) ​ ​ ​ ​ ​ (0.32) ​ ​ ​ ​ ​ (0.09) ​ ​
Net asset value, end of period
​ ​ ​ $ 25.49 ​ ​ ​ ​ $ 27.57 ​ ​ ​ ​ $ 26.24 ​ ​
Market price, end of period
​ ​ ​ $ 25.52 ​ ​ ​ ​ $ 27.51 ​ ​ ​ ​ $ 26.28 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (6.98)% ​ ​ ​ ​ ​ 6.32% ​ ​ ​ ​ ​ 5.62% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (6.66)% ​ ​ ​ ​ ​ 5.89% ​ ​ ​ ​ ​ 5.77%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 7,648 ​ ​ ​ ​ $ 6,893 ​ ​ ​ ​ $ 6,559 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.46%(h) ​ ​ ​ ​ ​ 0.45% ​ ​ ​ ​ ​ 0.45%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.48%(h) ​ ​ ​ ​ ​ 0.47% ​ ​ ​ ​ ​ 0.46%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 1.00%(h) ​ ​ ​ ​ ​ 1.15% ​ ​ ​ ​ ​ 1.92%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 28% ​ ​ ​ ​ ​ 31% ​ ​ ​ ​ ​ 14% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
155​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Engender Equality ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Period
October 21,
2021(a) to
April 30, 2022
​
Net asset value, beginning of period​
​ ​ ​ $ 21.82 ​ ​ ​ ​ $ 25.00 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.14 ​ ​ ​ ​ ​ 0.20 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (0.82) ​ ​ ​ ​ ​ (3.22) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (0.68) ​ ​ ​ ​ ​ (3.02) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.16) ​ ​ ​ ​ ​ (0.16) ​ ​
Net asset value, end of period
​ ​ ​ $ 20.98 ​ ​ ​ ​ $ 21.82 ​ ​
Market price, end of period
​ ​ ​ $ 20.98 ​ ​ ​ ​ $ 21.79 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (3.12)% ​ ​ ​ ​ ​ (12.10)% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (2.96)% ​ ​ ​ ​ ​ (12.24)%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 5,244 ​ ​ ​ ​ $ 5,456 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.46%(h) ​ ​ ​ ​ ​ 0.45%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.47%(h) ​ ​ ​ ​ ​ 0.46%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 1.36%(h) ​ ​ ​ ​ ​ 1.61%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 46% ​ ​ ​ ​ ​ 35% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
156
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Cleaner Transport ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Period
October 21,
2021(a) to
April 30, 2022
​
Net asset value, beginning of period
​ ​ ​ $ 20.59 ​ ​ ​ ​ $ 25.00 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.28 ​ ​ ​ ​ ​ 0.13 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (3.06) ​ ​ ​ ​ ​ (4.45) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (2.78) ​ ​ ​ ​ ​ (4.32) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.25) ​ ​ ​ ​ ​ (0.09) ​ ​
Net asset value, end of period
​ ​ ​ $ 17.56 ​ ​ ​ ​ $ 20.59 ​ ​
Market price, end of period
​ ​ ​ $ 17.54 ​ ​ ​ ​ $ 20.24 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (13.57)% ​ ​ ​ ​ ​ (17.30)% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (12.17)% ​ ​ ​ ​ ​ (18.72)%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 4,390 ​ ​ ​ ​ $ 6,177 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.46%(h) ​ ​ ​ ​ ​ 0.45%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.48%(h) ​ ​ ​ ​ ​ 0.46%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 2.91%(h) ​ ​ ​ ​ ​ 1.00%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 32% ​ ​ ​ ​ ​ 19% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
157​
TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Clean Oceans ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Period
October 21,
2021(a) to
April 30, 2022
​
Net asset value, beginning of period​
​ ​ ​ $ 21.03 ​ ​ ​ ​ $ 25.00 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.15 ​ ​ ​ ​ ​ 0.24 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (3.34) ​ ​ ​ ​ ​ (4.07) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (3.19) ​ ​ ​ ​ ​ (3.83) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.19) ​ ​ ​ ​ ​ (0.14) ​ ​
Net asset value, end of period
​ ​ ​ $ 17.65 ​ ​ ​ ​ $ 21.03 ​ ​
Market price, end of period
​ ​ ​ $ 17.63 ​ ​ ​ ​ $ 20.84 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (15.22)% ​ ​ ​ ​ ​ (15.36)% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (14.55)% ​ ​ ​ ​ ​ (16.13)%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 4,413 ​ ​ ​ ​ $ 5,257 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.46%(h) ​ ​ ​ ​ ​ 0.45%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.47%(h) ​ ​ ​ ​ ​ 0.46%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 1.60%(h) ​ ​ ​ ​ ​ 1.93%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 45% ​ ​ ​ ​ ​ 25% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
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Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ Global Equity R&D Leaders ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Period
February 8,
2022(a) to
April 30, 2022
​
Net asset value, beginning of period​
​ ​ ​ $ 22.29 ​ ​ ​ ​ $ 24.92 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.22 ​ ​ ​ ​ ​ 0.12 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (3.17) ​ ​ ​ ​ ​ (2.69) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (2.95) ​ ​ ​ ​ ​ (2.57) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.24) ​ ​ ​ ​ ​ (0.06) ​ ​
Net asset value, end of period
​ ​ ​ $ 19.10 ​ ​ ​ ​ $ 22.29 ​ ​
Market price, end of period
​ ​ ​ $ 19.11 ​ ​ ​ ​ $ 22.12 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (13.27)% ​ ​ ​ ​ ​ (10.35)% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (12.56)% ​ ​ ​ ​ ​ (11.03)%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 3,820 ​ ​ ​ ​ $ 4,457 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.19%(h) ​ ​ ​ ​ ​ 0.18%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.20%(h) ​ ​ ​ ​ ​ 0.19%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 2.14%(h) ​ ​ ​ ​ ​ 2.15%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 14% ​ ​ ​ ​ ​ 12% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
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Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Period
February 8,
2022(a) to
April 30, 2022
​
Net asset value, beginning of period​
​ ​ ​ $ 22.47 ​ ​ ​ ​ $ 24.83 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.14 ​ ​ ​ ​ ​ 0.07 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (2.18) ​ ​ ​ ​ ​ (2.39) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (2.04) ​ ​ ​ ​ ​ (2.32) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.15) ​ ​ ​ ​ ​ (0.04) ​ ​
Net asset value, end of period
​ ​ ​ $ 20.28 ​ ​ ​ ​ $ 22.47 ​ ​
Market price, end of period
​ ​ ​ $ 20.29 ​ ​ ​ ​ $ 22.45 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (9.11)% ​ ​ ​ ​ ​ (9.37)% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (8.97)% ​ ​ ​ ​ ​ (9.43)%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 4,055 ​ ​ ​ ​ $ 4,494 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.15%(h) ​ ​ ​ ​ ​ 0.14%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.16%(h) ​ ​ ​ ​ ​ 0.15%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 1.29%(h) ​ ​ ​ ​ ​ 1.21%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 11% ​ ​ ​ ​ ​ 3% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
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TABLE OF CONTENTS
Financial Highlights (continued)
​
Selected Data for a Share of Capital Stock Outstanding
​ ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​
​ ​ ​
For the Six
Months Ended
October 31, 2022
(unaudited)
​ ​
For the Period
February 8,
2022(a) to
April 30, 2022
​
Net asset value, beginning of period​
​ ​ ​ $ 22.49 ​ ​ ​ ​ $ 25.05 ​ ​
Income from Investment Operations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income(b)(c)
​ ​ ​ ​ 0.08 ​ ​ ​ ​ ​ 0.03 ​ ​
Net realized and unrealized gain (loss)
​ ​ ​ ​ (2.05) ​ ​ ​ ​ ​ (2.56) ​ ​
Net increase (decrease) in net assets resulting from investment operations
​ ​ ​ ​ (1.97) ​ ​ ​ ​ ​ (2.53) ​ ​
Distributions from: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net investment income
​ ​ ​ ​ (0.07) ​ ​ ​ ​ ​ (0.03) ​ ​
Net asset value, end of period
​ ​ ​ $ 20.45 ​ ​ ​ ​ $ 22.49 ​ ​
Market price, end of period
​ ​ ​ $ 20.46 ​ ​ ​ ​ $ 22.49 ​ ​
Total Return ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Total investment return based on net asset value(d)
​ ​ ​ ​ (8.73)% ​ ​ ​ ​ ​ (10.10)% ​ ​
Total investment return based on market price(e)
​ ​ ​ ​ (8.70)% ​ ​ ​ ​ ​ (10.11)%(f) ​ ​
Ratios/Supplemental Data ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Net assets, end of period (000’s omitted)
​ ​ ​ $ 4,091 ​ ​ ​ ​ $ 4,499 ​ ​
Ratio to average net assets of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Expenses net of waivers/reimbursements(g)
​ ​ ​ ​ 0.17%(h) ​ ​ ​ ​ ​ 0.16%(h) ​ ​
Expenses excluding waivers/reimbursements(g)
​ ​ ​ ​ 0.18%(h) ​ ​ ​ ​ ​ 0.17%(h) ​ ​
Net investment income (loss)(c)
​ ​ ​ ​ 0.73%(h) ​ ​ ​ ​ ​ 0.61%(h) ​ ​
Portfolio turnover rate(i)
​ ​ ​ ​ 35% ​ ​ ​ ​ ​ 8% ​ ​
​
(a)
Commencement of operations.
​
(b)
Based on average shares outstanding.
​
(c)
Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the investment companies in which the Fund invests.
​
(d)
Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions, if any, at net asset value during the period, and redemption on the last day of the period. Total return calculated for a period less than one year is not annualized.
​
(e)
The market price returns are calculated using the mean between the last bid and ask prices.
​
(f)
Assumes investment at the net asset value at the beginning of the period.
​
(g)
In addition to the fees and expenses which the Fund bears directly, the Fund indirectly bears a prorated share of the fees and expenses of the underlying funds in which it invests. Such indirect expenses are not included in the above expense ratios.
​
(h)
Annualized.
​
(i)
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as in-kind creations or redemptions in connection with the Fund’s capital share transactions.
​
See notes to financial statements.
161​
TABLE OF CONTENTS​
Notes to Financial Statements 
​
October 31, 2022 (unaudited)
1. ORGANIZATION
IndexIQ ETF Trust (the “Trust”) was organized as a Delaware statutory trust on July 1, 2008 and is registered with the Securities and Exchange Commission (“SEC”) as an open-end, management investment company, as defined by the Investment Company Act of 1940, as amended (the “1940 Act”). The Trust is currently comprised of twenty-four operational funds (collectively, the “Funds” and each individually, a “Fund”). The Funds are exchange-traded funds (“ETFs”), whose shares are listed on a stock exchange and traded like equity securities at market prices.
Investors may find the financial statements of any issuer whose securities represent a significant amount of the Fund’s assets on the SEC’s website (www.sec.gov).
Funds
​ ​
Diversification
Policy
​ ​
Commencement of
Operations Date
​
IQ Hedge Multi-Strategy Tracker ETF* ​ ​
Diversified
​ ​ March 25, 2009 ​
IQ Hedge Macro Tracker ETF* ​ ​
Diversified
​ ​ June 9, 2009 ​
IQ Hedge Market Neutral Tracker ETF* ​ ​
Diversified
​ ​ October 4, 2012 ​
IQ Hedge Long/Short Tracker ETF* ​ ​
Diversified
​ ​ March 24, 2015 ​
IQ Hedge Event-Driven Tracker ETF* ​ ​
Diversified
​ ​ March 24, 2015 ​
IQ Real Return ETF ​ ​
Diversified
​ ​ October 27, 2009 ​
IQ S&P High Yield Low Volatility Bond ETF ​ ​
Diversified
​ ​ February 15, 2017 ​
IQ Merger Arbitrage ETF ​ ​
Non-diversified
​ ​
November 17, 2009
​
IQ Global Resources ETF ​ ​
Non-diversified
​ ​ October 27, 2009 ​
IQ CBRE NextGen Real Estate ETF ​ ​
Diversified
​ ​ June 14, 2011 ​
IQ FTSE International Equity Currency Neutral ETF ​ ​
Diversified
​ ​ July 22, 2015 ​
IQ Chaikin U.S. Large Cap ETF ​ ​
Diversified
​ ​
December 13, 2017
​
IQ Chaikin U.S. Small Cap ETF ​ ​
Diversified
​ ​ May 16, 2017 ​
IQ 500 International ETF ​ ​
Diversified
​ ​
December 13, 2018
​
IQ Candriam ESG U.S. Large Cap Equity ETF ​ ​
Diversified
​ ​
December 17, 2019
​
IQ Candriam ESG U.S. Mid Cap Equity ETF ​ ​
Diversified
​ ​ October 25, 2022 ​
IQ Candriam ESG International Equity ETF ​ ​
Diversified
​ ​
December 17, 2019
​
IQ Healthy Hearts ETF ​ ​
Non-diversified
​ ​ January 14, 2021 ​
IQ Engender Equality ETF ​ ​
Non-diversified
​ ​ October 21, 2021 ​
IQ Cleaner Transport ETF ​ ​
Non-diversified
​ ​ October 21, 2021 ​
IQ Clean Oceans ETF ​ ​
Non-diversified
​ ​ October 21, 2021 ​
IQ Global Equity R&D Leaders ETF ​ ​
Non-diversified
​ ​ February 8, 2022 ​
IQ U.S. Large Cap R&D Leaders ETF ​ ​
Non-diversified
​ ​ February 8, 2022 ​
IQ U.S. Mid Cap R&D Leaders ETF ​ ​
Non-diversified
​ ​ February 8, 2022 ​
​
*
Funds are “fund of funds”, meaning that they seek to achieve their investment objective by investing primarily in underlying funds, including ETFs, exchange-traded notes (“ETNs”), and other exchange-traded vehicles issuing equity securities organized in the U.S., such as exchange traded commodity pools (“ETVs”). Such ETFs, ETVs and ETNs are referred to collectively as exchange-traded products (“ETPs”).
​
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
Each Fund’s investment objective is to seek daily investment results, before fees and expenses that correspond to the performance of a particular index (the “Underlying Index”). The underlying indices for the Funds are listed below:
Fund
​ ​
Underlying Index
​
IQ Hedge Multi-Strategy Tracker ETF ​ ​ IQ Hedge Multi-Strategy Index ​
IQ Hedge Macro Tracker ETF ​ ​ IQ Hedge Macro Index ​
IQ Hedge Market Neutral Tracker ETF ​ ​ IQ Hedge Market Neutral Index ​
IQ Hedge Long/Short Tracker ETF ​ ​ IQ Hedge Long/Short Index ​
IQ Hedge Event-Driven Tracker ETF ​ ​ IQ Hedge Event-Driven Index ​
IQ Real Return ETF ​ ​ Bloomberg IQ Multi-Asset Inflation Index ​
IQ S&P High Yield Low Volatility Bond ETF ​ ​ S&P U.S. High Yield Low Volatility Corporate Bond Index ​
IQ Merger Arbitrage ETF ​ ​ IQ Merger Arbitrage Index ​
IQ Global Resources ETF ​ ​ IQ Global Resources Index ​
IQ CBRE NextGen Real Estate ETF ​ ​ IQ CBRE NextGen Real Estate Index ​
IQ FTSE International Equity Currency Neutral ETF ​ ​
FTSE Developed ex North America 50% Hedged to USD Index
​
IQ Chaikin U.S. Large Cap ETF ​ ​ NASDAQ Chaikin Power U.S. Large Cap Index ​
IQ Chaikin U.S. Small Cap ETF ​ ​ NASDAQ Chaikin Power U.S. Small Cap Index ​
IQ 500 International ETF ​ ​ IQ 500 International Index ​
IQ Candriam ESG U.S. Large Cap Equity ETF ​ ​ IQ Candriam ESG US Equity Index ​
IQ Candriam ESG U.S. Mid Cap Equity ETF ​ ​ IQ Candriam ESG U.S. Mid Cap Equity Index ​
IQ Candriam ESG International Equity ETF ​ ​ IQ Candriam ESG International Equity Index ​
IQ Healthy Hearts ETF ​ ​ IQ Candriam Healthy Hearts Index ​
IQ Engender Equality ETF ​ ​ Solactive Equileap US Select Gender Equality Index ​
IQ Cleaner Transport ETF ​ ​ IQ Candriam Cleaner Transport Index ​
IQ Clean Oceans ETF ​ ​ IQ Candriam Clean Oceans Index ​
IQ Global Equity R&D Leaders ETF ​ ​ IQ Global Equity R&D Leaders Index ​
IQ U.S. Large Cap R&D Leaders ETF ​ ​ IQ U.S. Large Cap R&D Leaders Index ​
IQ U.S. Mid Cap R&D Leaders ETF ​ ​ IQ U.S. Mid Cap R&D Leaders Index ​
2. SIGNIFICANT ACCOUNTING POLICIES
Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standard Codification Topic 946 Financial Services — Investment Companies. Each Fund prepares its financial statements in accordance with generally accepted accounting principles (“GAAP”) in the United States of America and follows the significant accounting policies described below.
Use of Estimates
IndexIQ Advisors LLC (the “Advisor”) makes certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Indemnification
In the normal course of business, the Funds may enter into contracts that contain a variety of representations and warranties that may provide general indemnifications for certain liabilities. Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities that may arise out of performance of their duties to the Trust. The Funds’ maximum exposure under these arrangements is unknown,
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
as this would involve future claims that may be made against the Funds that have not yet occurred. The Advisor believes that the risk of loss in connection with these potential indemnification obligations is remote. However, there can be no assurance that material liabilities related to such obligations will not arise in the future, which could adversely impact the Funds.
Investment Valuation
Each Fund issues and redeems shares on a continuous basis at Net Asset Value (“NAV”) only in large blocks of shares called “Creation Units.” The NAV is determined as of the close of trading (generally, 4:00 PM Eastern Time) on each day the Fund’s listed exchange is open for trading. The NAV of the shares of each Fund will be equal to each Fund’s total assets minus each Fund’s total liabilities divided by the total number of shares outstanding. The NAV that is published will be rounded to the nearest cent; however, for purposes of determining the price of Creation Units, the NAV will be calculated to five decimal places. The consideration for purchase of a Creation Unit of shares of each Fund generally consists of a basket of securities and/or cash that the Fund specifies each day.
In calculating NAV, each Fund’s investments are valued using market quotations when available. Equity securities are generally valued at the closing price of the security on the security’s primary exchange. The primary exchanges for a Fund’s foreign equity securities may close for trading at various times prior to close of regular trading on the New York Stock Exchange Arca, and the value of such securities used in computing the Fund’s NAV are generally determined as of such times.
A Fund typically values fixed-income portfolio securities using last available bid prices or current market quotations provided by dealers or prices (including evaluated prices) supplied by the Fund’s approved independent third-party pricing services. Pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values. Pricing services generally value fixed-income securities assuming orderly transactions of an institutional round lot size, but a Fund may hold or transact in such securities in smaller odd lot sizes. Odd lots often trade at different prices that may be above or below the price at which the pricing service has valued the security. Amortized cost is used as the method of valuation with respect to debt obligations with sixty days or less remaining to maturity unless the Advisor determines in good faith that such method does not represent fair value.
A swap on an exchange-listed security or securities is valued based on the last reported sale price of the swap’s underlying security or securities on the exchange where the security or securities is primarily traded, or if no sale price is available, at the mid-price of the security or securities underlying the swap on the exchange where the security is primarily traded. A swap on an index is valued based on the publicly available index price. The index price, in turn, is determined by the applicable index calculation agent, which generally values the securities underlying the index at the last reported sale price.
Over-the-counter (“OTC”) traded financial Instruments, forward foreign currency contracts and currency-related derivatives, are normally valued on the basis of quotes obtained from a third party broker-dealer who makes markets in such securities or on the basis of quotes obtained from an independent third-party pricing service.
If a Fund invests in open-end management investment companies (other than ETFs) registered under the 1940 Act, it may rely on the NAVs of those companies to value the shares they hold of them. Those companies may also use fair value pricing under some circumstances.
When market quotations or prices are not readily available or are deemed unreliable or not representative of an investment’s fair value, investments are valued using fair value pricing as determined in good faith by the Advisor, under procedures established by and under the general supervision and responsibility of the Trust’s Board of Trustees (the “Board”). The procedures state that, subject to the oversight of the Board and unless otherwise noted, the responsibility for the day-to-day valuation of portfolio assets (including fair value measurements for the Funds’ assets and liabilities) rests with the Advisor. The Advisor may conclude that a market quotation is not readily available or is unreliable if a security or other asset or liability does not have a price source due to its lack of liquidity or other reason, if a market quotation differs significantly from recent
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
price quotations or otherwise no longer appears to reflect fair value, where the security or other asset or liability is thinly traded, or if the trading market on which a security is listed is suspended or closed and no appropriate alternative trading market is available. The frequency with which a Fund’s investments are valued using fair value pricing is primarily a function of the types of securities and other assets in which the Fund invests pursuant to its investment objective, strategies and limitations.
A Fund may sweep uninvested cash balances into a money market fund, either the Dreyfus Institutional Preferred Government Money Market Fund — Institutional Shares (“Dreyfus Institutional Fund”) or the BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class (“BlackRock Liquidity Fund”). The Dreyfus Institutional Fund and the BlackRock Liquidity Fund seek as high a level of current income as is consistent with the preservation of capital and maintenance of liquidity. The Dreyfus Institutional Fund and the BlackRock Liquidity Fund have no redemption restriction and are valued at the daily NAV.
Under normal conditions, each Fund invests cash collateral from securities lending activities into the Dreyfus Government Cash Management Fund, Institutional Shares (“Dreyfus Government Fund”). The Dreyfus Government Fund’s investment objective is to maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity. The Dreyfus Government Fund has no redemption restrictions and is valued at the daily NAV.
Fair Value Measurement
Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and requires disclosure about fair value measurements. It also provides guidance on determining when there has been a significant decrease in the volume and level of activity for an asset or liability, when a transaction is not orderly, and how that information must be incorporated into fair value measurement. Under ASC 820, various inputs are used in determining the value of the Funds’ investments. These inputs are summarized in the following hierarchy:
•
Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access.
​
•
Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
​
•
Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
​
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.
The availability of observable inputs can vary from security to security and are affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. With respect to the valuation of Level 3 securities, the Advisor may employ a market-based valuation approach which may use related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Advisor may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Advisor representatives meet regularly to review and discuss the appropriateness of such fair values using more current information,
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
such as recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events.
All other securities and investments for which market values are not readily available, including restricted securities, and those securities for which it is inappropriate to determine prices in accordance with the aforementioned procedures, are valued at fair value as determined in good faith under procedures adopted by the Board, although the actual calculations may be done by others. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer’s financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The hierarchy classification of inputs used to value each Fund’s investments at October 31, 2022 is disclosed at the end of each Fund’s Schedule of Investments.
Foreign Currency Translation — Assets and liabilities denominated in foreign currencies are translated into U.S. dollars using the current exchange rates at the close of each business day. The effect of changes in foreign currency exchange rates on investments is included within net realized and unrealized gain (loss) on investments. Changes in the value of other assets and liabilities as a result of fluctuations in foreign exchange rates are included on the Statements of Operations within net change in unrealized appreciation/depreciation on foreign currency translations. Transactions denominated in foreign currencies are translated into U.S. dollars on the date the transaction occurred, the effects of which are included within net realized gain (loss) on foreign currency transactions.
Foreign securities and instruments are valued in their local currency following the methodologies described above. Foreign securities, instruments and currencies will be translated to U.S. dollars, based on foreign currency exchange rate quotations supplied by the London Stock Exchange.
Tax Information and Uncertain Tax Positions
Each Fund is treated as a separate entity for federal income tax purposes. Each Fund’s policy is to comply with the requirements of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), applicable to regulated investment companies and to distribute all of the taxable income to the shareholders of the Funds within the allowable time limits.
The Advisor evaluates each Fund’s tax positions to determine if the tax positions taken meet the minimum recognition threshold in connection with accounting for uncertainties in income tax positions taken or expected to be taken for the purposes of measuring and recognizing tax liabilities in the financial statements. Recognition of tax benefits of an uncertain tax position is required only when the position is “more likely than not” to be sustained assuming examination by taxing authorities. The Advisor has analyzed each Fund’s tax positions taken on federal, state and local income tax returns for all open tax years (for up to three tax years), and has concluded that no provisions for federal, state and local income tax are required in each Fund’s financial statements. Each Fund’s federal, state and local income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state and local departments of revenue.
The Funds have concluded that there is no tax liability resulting from uncertain income tax positions taken or expected to be taken.
Dividends and Distributions to Shareholders
Distributions to Shareholders are recorded on the ex-dividend date. In addition, the Funds may determine to distribute at least annually amounts representing the full dividend yield net of expenses on the underlying investment securities, as if the Funds owned the underlying investment securities for the entire dividend period in which case some portion of each distribution may result in a return of capital. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with
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​
October 31, 2022 (unaudited)
federal income tax regulations which may differ from GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profit for tax purposes, are reported as a tax return of capital. Therefore, no federal, state and local income tax provisions are required.
Foreign Taxes
The Funds may be subject to foreign withholding taxes on income and other transaction-based taxes imposed by certain countries in which they invest. A portion of the taxes on gains on investments or currency purchases/repatriation may be recoverable. The Funds will accrue such taxes expected and recoveries as applicable, based upon their current interpretation of tax rules and regulations that exist in the markets in which they invest. Whether or when a Fund will receive a withholding tax refund is subject to a determination by the tax authorities of each country in which the Fund has an open receivable. The Funds regularly evaluate the probability of recovering each accrued withholding tax. If the likelihood of recovery decreases accruals in the Funds’ net asset value for such refunds may be written down partially or in full, which will adversely affect the Funds’ net asset value.
The Funds may be subject to taxation on realized capital gains, repatriation proceeds and other transaction-based taxes imposed by certain countries in which they invest. The Funds will accrue the unrecoverable portion of such taxes as applicable based upon their current interpretation of tax rules and regulations that exist in the market in which they invests. Capital gains taxes relating to positions still held are reflected as a liability on the Statements of Assets and Liabilities, as well as an adjustment to the Funds’ net unrealized appreciation/depreciation. Taxes related to capital gains realized during the year ended April 30, 2022, if any, are reflected as part of net realized gain (loss) on the Statements of Operations. Changes in tax liabilities related to capital gains taxes on unrealized investment gains, if any, are reflected as part of the change in net unrealized appreciation/depreciation on investments on the Statements of Operations. Transaction-based charges are generally assessed as a percentage of the transaction amount.
Cash Equivalents
Cash equivalents consist of highly liquid investments, with maturities of three months or less when acquired and are disclosed as “Short-Term Investments” in the Schedules of Investments.
Treasury Inflation Protected Securities
The funds may invest in treasury inflation protected securities (TIPS). The principal amount of TIPS is adjusted periodically and is increased for inflation or decreased for deflation based on a monthly published index. These adjustments are recorded as interest income in the Statement of Operations. Coupon payments are based on the adjusted principal at the time the interest is paid.
Security Transactions
Security transactions are recorded as of the trade date. Realized gains and losses on sales of investment securities are calculated using the identified cost method.
Investment Income and Expenses
Dividend income is recognized on the ex-date. Interest income is accrued daily. Distributions of realized capital gains by underlying funds are recorded as realized capital gains on the ex-date. Expenses of the Trust arising in connection with a specific Fund are allocated to that Fund. Other Trust expenses which cannot be directly attributed to a fund are apportioned among the Funds in the Trust based upon the relative net assets or other appropriate measures. The Funds distribute substantially all their net investment income to shareholders at least annually in the form of dividends. Net investment income and capital gains are typically distributed to shareholders annually; except the IQ CBRE NextGen Real Estate ETF, IQ FTSE International Equity Currency Neutral ETF, IQ Healthy Hearts ETF, IQ Candriam ESG International Equity ETF, IQ Candriam ESG U.S.
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​
October 31, 2022 (unaudited)
Large Cap Equity ETF, IQ Chaikin U.S. Small Cap ETF, and IQ Chaikin U.S. Large Cap ETF, IQ Engender Equality ETF, IQ Cleaner transport ETF, IQ Clean Oceans ETF, and IQ Global Resources ETF typically distributes income quarterly, and IQ Real Return ETF and IQ S&P High Yield Low Volatility Bond ETF typically distributes income monthly. Dividends may be declared and paid more frequently to comply with the distribution requirements of the Internal Revenue Code. Distributions received from the IQ CBRE NextGen Real Estate ETF and the IQ Chaikin U.S. Small Cap ETF investments in U.S. real estate investment trusts (“REITs”) may be characterized as ordinary income, net capital gain or a return of capital. A return of capital is recorded by the Funds as a reduction to the cost basis of a REIT held by the fund. The expenses of the investment companies in which the Funds invest are not included in the amounts shown as expenses on the Statements of Operations or in the expense ratios included in the Financial Highlights.
Discounts and premiums on securities purchased, other than Short-Term Investments, for the Funds are accreted and amortized, respectively, on the effective interest rate method over the life of the respective securities. Discounts and premiums on Short-Term Investments are accreted and amortized, respectively, on the straight-line method. The straight-line method approximates the effective interest method for Short-Term Investments. Income from payment-in-kind securities is accreted daily based on the effective interest method.
Securities Lending
The Bank of New York Mellon (“BNY Mellon”) serves as the Funds’ securities lending agent. The Funds may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, is maintained at all times. Cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. Each Fund receives compensation for lending its securities from fees paid by the borrowers of securities, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. Each Fund will continue to receive dividend and interest income on securities loaned, any gain or loss in the market price of securities on loan will be accounted for by each Fund. Lending portfolio securities could result in a delay in recovering the Funds’ securities if the borrower defaults.
A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between each Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. Government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, each Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. The lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market Fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.
In accordance with the securities lending agreement between the Funds and the BNY Mellon, the Funds will be indemnified by the BNY Mellon in the event of default of a third party Borrower.
The securities lending income earned by each Fund is disclosed on the Statements of Operations. The value of loaned securities and related collateral are shown on a gross basis in the Schedules of Investments and Statements of Assets and Liabilities. As of October 31, 2022, the cash collateral consisted of an institutional money market fund and non-cash collateral consisted of U.S. Treasury Bills, Notes, Bonds, Separate Trading of
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October 31, 2022 (unaudited)
Registered Interest (“STRIPs”) and Principal of Securities and U.S. Treasury Inflation Indexed Notes and Bonds with the following maturities:
​ ​ ​
Money Market
Mutual Fund
​ ​
U.S. Government Securities
​
Fund
​ ​
Overnight and
Continuous
​ ​
<30 Days
​ ​
Between
30 & 90 Days
​ ​
>90 Days
​ ​
Total
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ $ 139,268,137 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 25,614,071 ​ ​ ​ ​ $ 164,882,208 ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ 111,315 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 111,315 ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ 1,704,172 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,704,172 ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ 975,683 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 975,683 ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ 1,052,769 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,052,769 ​ ​
IQ Real Return ETF
​ ​ ​ ​ 2,485 ​ ​ ​ ​ ​ 41,348 ​ ​ ​ ​ ​ 65,681 ​ ​ ​ ​ ​ 1,216,273 ​ ​ ​ ​ ​ 1,325,787 ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ 79,258 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 79,258 ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ 13,105,735 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 445,002 ​ ​ ​ ​ ​ 13,550,737 ​ ​
IQ Global Resources ETF
​ ​ ​ ​ 26,704 ​ ​ ​ ​ ​ 5,935 ​ ​ ​ ​ ​ 7,581 ​ ​ ​ ​ ​ 824,801 ​ ​ ​ ​ ​ 838,318 ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 189,115 ​ ​ ​ ​ ​ 189,115 ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ 1,097,062 ​ ​ ​ ​ ​ 7,731 ​ ​ ​ ​ ​ 9,876 ​ ​ ​ ​ ​ 2,207,789 ​ ​ ​ ​ ​ 2,225,396 ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 98 ​ ​ ​ ​ ​ 834 ​ ​ ​ ​ ​ 3,464,049 ​ ​ ​ ​ ​ 3,464,982 ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 858,535 ​ ​ ​ ​ ​ 930 ​ ​ ​ ​ ​ 88,255 ​ ​ ​ ​ ​ 5,642,073 ​ ​ ​ ​ ​ 6,589,793 ​ ​
IQ 500 International ETF
​ ​ ​ ​ 3,488,171 ​ ​ ​ ​ ​ 25,763 ​ ​ ​ ​ ​ 32,910 ​ ​ ​ ​ ​ 1,481,678 ​ ​ ​ ​ ​ 5,028,522 ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 11,280 ​ ​ ​ ​ ​ 96,304 ​ ​ ​ ​ ​ 5,558,265 ​ ​ ​ ​ ​ 5,665,849 ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ 958,587 ​ ​ ​ ​ ​ 12,765 ​ ​ ​ ​ ​ 16,306 ​ ​ ​ ​ ​ 252,060 ​ ​ ​ ​ ​ 1,239,718 ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ 25,172 ​ ​ ​ ​ ​ 62 ​ ​ ​ ​ ​ 2,454 ​ ​ ​ ​ ​ 188,551 ​ ​ ​ ​ ​ 216,239 ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 147 ​ ​ ​ ​ ​ 5,725 ​ ​ ​ ​ ​ 114,736 ​ ​ ​ ​ ​ 120,608 ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 4,710 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,710 ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 21 ​ ​ ​ ​ ​ 179 ​ ​ ​ ​ ​ 9,824 ​ ​ ​ ​ ​ 10,024 ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 55 ​ ​ ​ ​ ​ 467 ​ ​ ​ ​ ​ 25,660 ​ ​ ​ ​ ​ 26,182 ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 356 ​ ​ ​ ​ ​ 4,824 ​ ​ ​ ​ ​ 243,820 ​ ​ ​ ​ ​ 249,000 ​ ​
The collateral amount presented is in excess of the securities on loan.
Master Netting Arrangements
In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs OTC derivatives, including forward foreign currency contracts, and typically contains, among other things, collateral posting terms, netting and rights of offset provisions in the event of a default and/or termination event. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty non-performance.
For financial reporting purposes, the Funds do not offset assets and liabilities subject to master netting arrangements or similar arrangements on the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis on the Statements of Assets and Liabilities.
Total return swap contracts are valued at the unrealized appreciation/depreciation on Total Return Swap contracts of the instrument. Securities segregated as collateral for swap contracts are footnoted within each Fund’s Schedule of Investments and the cash collateral is noted at the end of each Fund’s swap table.
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October 31, 2022 (unaudited)
At October 31, 2022, the unrealized appreciation/depreciation on total return swap contracts for the following Funds was zero, reflecting a reset date at period end based on the contractual agreements with Merrill Lynch International (“MLI”) and Morgan Stanley Capital Service LLC (“Morgan Stanley”), as counterparties to the following Funds:
IQ Hedge Multi-Strategy Tracker ETF
IQ Hedge Macro Tracker ETF
IQ Hedge Market Neutral Tracker ETF
IQ Hedge Long/Short Tracker ETF
IQ Hedge Event-Driven Tracker ETF
IQ Merger Arbitrage ETF
As of October 31, 2022, the impact of netting of assets and liabilities and offsetting of collateral pledged or received based on contractual netting provisions in the Lending Agreement with BNY Mellon are detailed in the following table:
​ ​ ​
Assets
​ ​
Liabilities
​
Fund
​ ​
Gross Amounts
Presented in
Statements of
Assets and Liabilities
​ ​
Collateral
Received(1)
​ ​
Net Amount
​ ​
Gross Amounts
Presented in
Statements of
Assets and Liabilities
​ ​
Collateral
Pledged
​ ​
Net Amount
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ $ 160,593,309 ​ ​ ​ ​ $ (160,593,309) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ 107,494 ​ ​ ​ ​ ​ (107,494) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ 1,657,177 ​ ​ ​ ​ ​ (1,657,177) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ 950,418 ​ ​ ​ ​ ​ (950,418) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ 1,023,962 ​ ​ ​ ​ ​ (1,023,962) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Real Return ETF
​ ​ ​ ​ 1,285,207 ​ ​ ​ ​ ​ (1,285,207) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ S&P High Yield Low Volatility Bond
ETF
​ ​ ​ ​ 76,648 ​ ​ ​ ​ ​ (76,648) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ 13,278,540 ​ ​ ​ ​ ​ (13,278,540) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Global Resources ETF
​ ​ ​ ​ 827,684 ​ ​ ​ ​ ​ (827,684) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ 181,780 ​ ​ ​ ​ ​ (181,780) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ 3,117,925 ​ ​ ​ ​ ​ (3,117,925) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 3,359,566 ​ ​ ​ ​ ​ (3,359,566) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 6,377,907 ​ ​ ​ ​ ​ (6,377,907) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ 500 International ETF
​ ​ ​ ​ 4,703,890 ​ ​ ​ ​ ​ (4,703,890) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ 5,496,291 ​ ​ ​ ​ ​ (5,496,291) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG U.S. Mid Cap Equity
ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG International Equity
ETF
​ ​ ​ ​ 1,169,902 ​ ​ ​ ​ ​ (1,169,902) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ 212,623 ​ ​ ​ ​ ​ (212,623) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ 115,500 ​ ​ ​ ​ ​ (115,500) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 4,574 ​ ​ ​ ​ ​ (4,574) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
1
The amount of collateral presented is limited such that the net amount cannot be less than $0.
​
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
As of October 31, 2022, each Fund’s OTC derivative assets, which may be offset against each Fund’s OTC derivative liabilities and collateral received from the counterparty, are as follows:
Fund
​ ​
Gross
Amounts
of Assets
Presented in
Statements of
Assets and
Liabilities
​ ​
Financial
Instruments
and
Derivatives
Available for
Offset
​ ​
Net
Amount of
Derivatives
Assets
​ ​
Gross
Amounts
of Liabilities
Presented in
Statements of
Assets and
Liabilities
​ ​
Financial
Instruments
and
Derivatives
Available for
Offset
​ ​
Net
Amount of
Derivatives
Liabilities
​
IQ FTSE International Equity Currency Neutral ETF​
 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Morgan Stanley
​ ​ ​ $ 1,071,285 ​ ​ ​ ​ $ (1,071,285) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ (1,093,157) ​ ​ ​ ​ $ 1,071,285 ​ ​ ​ ​ $ (21,872) ​ ​
This does not reflect securities segregated as collateral, as detailed on the Schedule of Investments.
3. INVESTMENT MANAGEMENT AND OTHER AGREEMENTS
Investment Advisory Agreement
The Advisor serves as the investment advisor to each series of the Trust and is an indirect wholly-owned subsidiary of New York Life Investment Management Holdings LLC. Under an Investment Advisory Agreement (“Advisory Agreement”) between the Advisor and the Trust on behalf of each Fund, the Advisor provides a continuous investment program for each Fund’s assets in accordance with its investment objectives, policies and limitations, and oversees the day-to-day operations of each Fund (including arranging for sub-advisory services, as applicable) subject to the supervision of the Board. The Advisor is responsible for the supervision of MacKay Shields LLC (“MacKay Shields” or the “Sub-Advisor”), the sub-advisor to IQ S&P High Yield Low Volatility Bond ETF, and its management of the Fund.
The Advisor also: (i) supervises all non-advisory operations of the Funds; (ii) provides personnel to perform such executive, administrative and clerical services as are reasonably necessary to provide effective administration of the Funds and the other series of the Trust; (iii) arranges for (a) the preparation of all required tax returns, (b) the preparation and submission of reports to existing shareholders, (c) the periodic updating of prospectuses and statements of additional information and (d) the preparation of reports to be filed with the SEC and other regulatory authorities; (iv) maintains the records of the Funds and the other series of the Trust; and (v) provides office space and all necessary office equipment and services. The Funds reimburse the Advisor in an amount equal to a portion of the compensation of the Chief Compliance Officer attributable to each Fund.
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October 31, 2022 (unaudited)
The Advisory Agreement will continue in effect with respect to the Funds from year to year provided such continuance is specifically approved at least annually by a majority of the Trustees that are not interested persons of the Trust (“Independent Trustees”).Pursuant to the Advisory Agreement, the Funds pay the Advisor a fee, which is accrued daily and paid monthly, for the services performed and the facilities furnished at an annual rate of each Fund’s average daily net assets per the table below.
Fund
​ ​
Rate
​
IQ Hedge Multi-Strategy Tracker ETF​
​ ​ ​ ​ 0.75% ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ 0.40%* ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ 0.40%* ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ 0.40%* ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ 0.40%* ​ ​
IQ Real Return ETF
​ ​ ​ ​ 0.29% ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ 0.40% ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ 0.75% ​ ​
IQ Global Resources ETF
​ ​ ​ ​ 0.30% ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ 0.60% ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ 0.19%** ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 0.25% ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 0.35% ​ ​
IQ 500 International ETF
​ ​ ​ ​ 0.25% ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ 0.09% ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ 0.15% ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ 0.15% ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ 0.45% ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ 0.45% ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 0.45% ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ 0.45% ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ 0.18% ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ 0.14% ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ 0.16% ​ ​
​
*
Prior to August 31, 2022, the annual rate for the Fund was 0.75%
​
**
Prior to August 31, 2022, the annual rate for the Fund was 0.35%
​
The Advisor has agreed to pay all expenses of the Funds, except: brokerage and other transaction expenses; extraordinary legal fees or expenses, such as those for litigation or arbitration; compensation and expenses of the Independent Trustees, counsel to the Independent Trustees, and the Chief Compliance Officer; extraordinary expenses; distribution fees and expenses paid by the Funds under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and the advisory fee payable to the Advisor.
The Advisor has entered into a Fee Waiver Agreement with certain Funds under which it has contractually agreed to waive a portion of its management fee equal to a specific percentage of the average daily net assets as follows:
Fund
​ ​
Rate
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ ​ 0.22% ​ ​
IQ Real Return ETF
​ ​ ​ ​ 0.06% ​ ​
The Advisor has entered into an Expense Limitation Agreement with certain Funds under which it has contractually agreed to waive a portion of its management fee and/or reimburse expenses of the Fund in an amount that limits the Fund’s total annual operating expenses (exclusive of interest, taxes, brokerage fees and
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​
October 31, 2022 (unaudited)
commissions, dividends paid on short sale, acquired fund fees and expenses, and extraordinary expenses) to not more than a specific percentage of the average daily net assets as follows:
Fund
​ ​
Rate
​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ 0.40% ​ ​
IQ Global Resources ETF
​ ​ ​ ​ 0.30% ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ 0.60% ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 0.25% ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 0.35% ​ ​
IQ 500 International ETF
​ ​ ​ ​ 0.25% ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ 0.09% ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ 0.15% ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ 0.15% ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ 0.45% ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ 0.45% ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 0.45% ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ 0.45% ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ 0.18% ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ 0.14% ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ 0.16% ​ ​
The Fee Waiver and Expense Limitation Agreements will remain in effect unless terminated by the Board of Trustees of the Funds.
Investment Sub-Advisory Agreement
The Sub-Advisor is a registered investment advisor and an indirect, wholly-owned subsidiary of New York Life, and is responsible for the day-to-day portfolio management of IQ S&P High Yield Low Volatility Bond ETF. Pursuant to the terms of the Sub-Advisory Agreement (“Sub-Advisory Agreement”) between the Advisor and the Sub-Advisor, the Advisor pays for the services of the Sub-Advisor. The Sub-Advisor acts as portfolio manager for the Fund subject to the supervision of the Advisor and the Board.
Distribution (12b-1 Fees)
ALPS Distributors, Inc. serves as the Funds’ distributor (the “Distributor”) pursuant to a Distribution Agreement. NYLIFE Distributors LLC has entered into a Service Agreement with the Distributor to market the Funds. The Board has adopted a Distribution and Service Plan pursuant to Rule 12b-1 under the 1940 Act (“Rule 12b-1 Plan”). In accordance with the Rule 12b-1 Plan, the Funds are authorized to pay an amount up to 0.10% of each Fund’s average daily net assets each year for certain distribution-related activities. As authorized by the Board, no Rule 12b-1 fees are currently paid by the Funds and there are no plans to impose these fees. However, in the event Rule 12b-1 fees are charged in the future, they will be paid out of each respective Fund’s assets. The Advisor and its affiliates may, out of their own resources, pay amounts to third parties for distribution or marketing services on behalf of the Funds.
As described in Note 4 below, the Distributor has entered into Participant Agreements with certain broker-dealers and others that allow those parties to be Authorized Participants and to subscribe for and redeem shares of the Funds. As described in Note 4 below, such Authorized Participants may from time to time hold, of record or beneficially, a substantial percentage of the Funds’ shares outstanding, act as executing or clearing broker for investment transactions on behalf of the Funds and/or serve as counterparty to derivative transactions with each Fund.
Administrator, Custodian and Transfer Agent
BNY Mellon (in each capacity, the “Administrator,” “Custodian” or “Transfer Agent”) serves as the Funds’ Administrator, Custodian and Transfer Agent pursuant to the Fund Administration and Accounting Agreement. Under the terms of this agreement, the Advisor pays the Funds’ Administrative, Custody and Transfer Agency
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​
October 31, 2022 (unaudited)
fees. Pursuant to these agreements, BNY Mellon provides necessary administrative, custody, transfer agency, tax, accounting services and financial reporting for the maintenance and operations of the Trust and the Funds. BNY Mellon is responsible for maintaining the books and records and calculating the daily NAV of the Funds. BNY Mellon is a subsidiary of The Bank of New York Mellon Corporation, a financial holding company.
4. CAPITAL SHARE TRANSACTIONS
Shares are created and redeemed on a continuous basis at NAV only in groups of shares called Creation Units. Except when aggregated in Creation Units, shares are not redeemable. Transactions in shares of the Funds are disclosed in detail on the Statements of Changes in Net Assets. Only Authorized Participants may purchase or redeem shares directly from the Funds. An Authorized Participant is either (i) a broker-dealer or other participant in the clearing process through the Continuous Net Settlement System of National Securities Clearing Corporation or (ii) a Depository Trust Company (“DTC”) participant and, in each case, must have executed a Participant Agreement with the Distributor. Most retail investors will not qualify as Authorized Participants or have the resources to create and redeem whole Creation Units. Therefore, they will be unable to purchase or redeem the shares directly from the Funds. Rather, most retail investors will purchase shares in the secondary market with the assistance of a broker and will be subject to customary brokerage commissions or fees. Securities received or delivered in connection with in-kind creates and redeems are valued as of the close of business on the effective date of the creation or redemption.
5. FEDERAL INCOME TAX
At October 31, 2022, the cost and unrealized appreciation/depreciation of investments, including applicable derivative contracts and other financial instruments, as determined on a federal income tax basis, were as follows:
Fund
​ ​
Cost
​ ​
Gross
Unrealized
Appreciation
​ ​
Gross
Unrealized
Depreciation
​ ​
Net Unrealized
Appreciation/​
(Depreciation)
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ $ 841,469,679 ​ ​ ​ ​ $ 4,911,046 ​ ​ ​ ​ $ (58,176,171) ​ ​ ​ ​ ​ (53,265,125) ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ 2,723,840 ​ ​ ​ ​ ​ 48,495 ​ ​ ​ ​ ​ (191,394) ​ ​ ​ ​ ​ (142,899) ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ 8,419,975 ​ ​ ​ ​ ​ 12,582 ​ ​ ​ ​ ​ (485,116) ​ ​ ​ ​ ​ (472,534) ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ 23,967,798 ​ ​ ​ ​ ​ 110,457 ​ ​ ​ ​ ​ (2,972,488) ​ ​ ​ ​ ​ (2,862,031) ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ 7,925,247 ​ ​ ​ ​ ​ 3,860 ​ ​ ​ ​ ​ (688,349) ​ ​ ​ ​ ​ (684,489) ​ ​
IQ Real Return ETF
​ ​ ​ ​ 9,686,573 ​ ​ ​ ​ ​ 141,491 ​ ​ ​ ​ ​ (1,125,372) ​ ​ ​ ​ ​ (983,881) ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ 19,825,640 ​ ​ ​ ​ ​ 48,433 ​ ​ ​ ​ ​ (1,788,333) ​ ​ ​ ​ ​ (1,739,900) ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ 580,933,440 ​ ​ ​ ​ ​ 5,062,561 ​ ​ ​ ​ ​ (15,722,513) ​ ​ ​ ​ ​ (10,659,952) ​ ​
IQ Global Resources ETF
​ ​ ​ ​ 35,644,709 ​ ​ ​ ​ ​ 4,794,181 ​ ​ ​ ​ ​ (4,168,998) ​ ​ ​ ​ ​ 625,183 ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ 29,505,750 ​ ​ ​ ​ ​ 1,480,396 ​ ​ ​ ​ ​ (4,045,576) ​ ​ ​ ​ ​ (2,565,180) ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ 308,122,855 ​ ​ ​ ​ ​ 16,945,256 ​ ​ ​ ​ ​ (59,522,301) ​ ​ ​ ​ ​ (42,577,045) ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 288,046,028 ​ ​ ​ ​ ​ 27,743,742 ​ ​ ​ ​ ​ (38,365,087) ​ ​ ​ ​ ​ (10,621,345) ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 247,474,822 ​ ​ ​ ​ ​ 23,951,709 ​ ​ ​ ​ ​ (32,354,089) ​ ​ ​ ​ ​ (8,402,380) ​ ​
IQ 500 International ETF
​ ​ ​ ​ 216,395,728 ​ ​ ​ ​ ​ 8,643,974 ​ ​ ​ ​ ​ (41,574,236) ​ ​ ​ ​ ​ (32,930,262) ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ 377,270,703 ​ ​ ​ ​ ​ 30,502,679 ​ ​ ​ ​ ​ (35,818,575) ​ ​ ​ ​ ​ (5,315,896) ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ 5,040,032 ​ ​ ​ ​ ​ 236,213 ​ ​ ​ ​ ​ (56,577) ​ ​ ​ ​ ​ 179,636 ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ 204,428,606 ​ ​ ​ ​ ​ 7,097,082 ​ ​ ​ ​ ​ (29,997,147) ​ ​ ​ ​ ​ (22,900,065) ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ 7,845,447 ​ ​ ​ ​ ​ 684,268 ​ ​ ​ ​ ​ (864,652) ​ ​ ​ ​ ​ (180,384) ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ 5,748,437 ​ ​ ​ ​ ​ 293,749 ​ ​ ​ ​ ​ (800,562) ​ ​ ​ ​ ​ (506,813) ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 5,875,460 ​ ​ ​ ​ ​ 82,814 ​ ​ ​ ​ ​ (1,569,628) ​ ​ ​ ​ ​ (1,486,814) ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ 5,555,475 ​ ​ ​ ​ ​ 153,522 ​ ​ ​ ​ ​ (1,298,149) ​ ​ ​ ​ ​ (1,144,627) ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ 4,890,895 ​ ​ ​ ​ ​ 78,995 ​ ​ ​ ​ ​ (1,152,554) ​ ​ ​ ​ ​ (1,073,559) ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ 4,956,655 ​ ​ ​ ​ ​ 134,355 ​ ​ ​ ​ ​ (1,038,797) ​ ​ ​ ​ ​ (904,442) ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ 4,945,307 ​ ​ ​ ​ ​ 213,562 ​ ​ ​ ​ ​ (945,966) ​ ​ ​ ​ ​ (732,404) ​ ​
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​
October 31, 2022 (unaudited)
The differences between book and tax basis cost of investments and net unrealized appreciation (depreciation) are primarily attributable to wash sale loss deferrals, pass through investments, distributions from underlying Funds and the realization for tax purposes of unrealized gains on investments in passive foreign investment companies held at October 31, 2022.
At April 30, 2022, the components of undistributed or accumulated earnings/losses on a tax-basis were as follows:
Fund
​ ​
Ordinary
Income
(Loss)1
​ ​
Net
Capital Gain
(Losses)2
​ ​
Net Unrealized
Appreciation/​
Depreciation
​ ​
Total
Earnings/​
(Losses)
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ $ 5,574,351 ​ ​ ​ ​ $ (51,996,958) ​ ​ ​ ​ $ (43,778,910) ​ ​ ​ ​ $ (90,201,517) ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ 54,816 ​ ​ ​ ​ ​ (5,377,149) ​ ​ ​ ​ ​ (63,679) ​ ​ ​ ​ ​ (5,386,012) ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ 211,616 ​ ​ ​ ​ ​ (779,156) ​ ​ ​ ​ ​ (532,245) ​ ​ ​ ​ ​ (1,099,785) ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ 238,917 ​ ​ ​ ​ ​ (999,738) ​ ​ ​ ​ ​ (1,933,397) ​ ​ ​ ​ ​ (2,694,218) ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ 35,778 ​ ​ ​ ​ ​ (393,810) ​ ​ ​ ​ ​ (834,987) ​ ​ ​ ​ ​ (1,193,019) ​ ​
IQ Real Return ETF
​ ​ ​ ​ (104,646) ​ ​ ​ ​ ​ (2,069,905) ​ ​ ​ ​ ​ (721,519) ​ ​ ​ ​ ​ (2,896,070) ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ 84,135 ​ ​ ​ ​ ​ (3,360,074) ​ ​ ​ ​ ​ (1,734,347) ​ ​ ​ ​ ​ (5,010,286) ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ (1,015,207) ​ ​ ​ ​ ​ (49,646,781) ​ ​ ​ ​ ​ (13,408,485) ​ ​ ​ ​ ​ (64,070,473) ​ ​
IQ Global Resources ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ (61,014,913) ​ ​ ​ ​ ​ 4,537,744 ​ ​ ​ ​ ​ (56,477,169) ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ (6,448,219) ​ ​ ​ ​ ​ (3,948,268) ​ ​ ​ ​ ​ (10,396,487) ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ 1,631,378 ​ ​ ​ ​ ​ (2,170,970) ​ ​ ​ ​ ​ (7,379,980) ​ ​ ​ ​ ​ (7,919,572) ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 167,374 ​ ​ ​ ​ ​ (38,648,985) ​ ​ ​ ​ ​ 1,021,096 ​ ​ ​ ​ ​ (37,460,515) ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ (71,110,579) ​ ​ ​ ​ ​ (10,469,972) ​ ​ ​ ​ ​ (81,580,551) ​ ​
IQ 500 International ETF
​ ​ ​ ​ 2,182,294 ​ ​ ​ ​ ​ (5,991,456) ​ ​ ​ ​ ​ (4,921,195) ​ ​ ​ ​ ​ (8,730,357) ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ 233,854 ​ ​ ​ ​ ​ (2,014,301) ​ ​ ​ ​ ​ 32,987,675 ​ ​ ​ ​ ​ 31,207,228 ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ 1,430,497 ​ ​ ​ ​ ​ (2,023,171) ​ ​ ​ ​ ​ 3,324,256 ​ ​ ​ ​ ​ 2,731,582 ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ 10,059 ​ ​ ​ ​ ​ (139,812) ​ ​ ​ ​ ​ 31,004 ​ ​ ​ ​ ​ (98,749) ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ 8,860 ​ ​ ​ ​ ​ (104,197) ​ ​ ​ ​ ​ (847,631) ​ ​ ​ ​ ​ (942,968) ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ (805) ​ ​ ​ ​ ​ (61,401) ​ ​ ​ ​ ​ (1,213,775) ​ ​ ​ ​ ​ (1,275,981) ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ 12,688 ​ ​ ​ ​ ​ (31,312) ​ ​ ​ ​ ​ (940,486) ​ ​ ​ ​ ​ (959,110) ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ 10,108 ​ ​ ​ ​ ​ (46,524) ​ ​ ​ ​ ​ (557,552) ​ ​ ​ ​ ​ (593,968) ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ 5,078 ​ ​ ​ ​ ​ (22,227) ​ ​ ​ ​ ​ (542,466) ​ ​ ​ ​ ​ (559,615) ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ 500 ​ ​ ​ ​ ​ (38,026) ​ ​ ​ ​ ​ (603,060) ​ ​ ​ ​ ​ (640,586) ​ ​
​
1
Includes late year ordinary loss, if any.
​
2
Amount includes the deferral of post October losses, if any.
​
The differences between book and tax basis components of net assets are primarily attributable to wash sale loss deferrals and other book and tax differences including foreign currency contracts, swap contracts, post-October and late year losses.
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
At April 30, 2022, the effect of permanent book/tax reclassifications resulted in increases (decreases) to the components of net assets were as follows:
Fund
​ ​
Total
distributable
earnings/​
(accumulated loss)
​ ​
Paid-in
Capital
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ $ (7,309,488) ​ ​ ​ ​ $ 7,309,488 ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ 13,811 ​ ​ ​ ​ ​ (13,811) ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ (987,947) ​ ​ ​ ​ ​ 987,947 ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ 216,157 ​ ​ ​ ​ ​ (216,157) ​ ​
IQ Real Return ETF
​ ​ ​ ​ (596,274) ​ ​ ​ ​ ​ 596,274 ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ (1,125,108) ​ ​ ​ ​ ​ 1,125,108 ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ 87,579,145 ​ ​ ​ ​ ​ (87,579,145) ​ ​
IQ Global Resources ETF
​ ​ ​ ​ (1,199,729) ​ ​ ​ ​ ​ 1,199,729 ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ (2,330,925) ​ ​ ​ ​ ​ 2,330,925 ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ (4,571,037) ​ ​ ​ ​ ​ 4,571,037 ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ (2,291,140) ​ ​ ​ ​ ​ 2,291,140 ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ (7,384,747) ​ ​ ​ ​ ​ 7,384,747 ​ ​
IQ 500 International ETF
​ ​ ​ ​ (16,406,709) ​ ​ ​ ​ ​ 16,406,709 ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ (33,423,964) ​ ​ ​ ​ ​ 33,423,964 ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ (4,403,240) ​ ​ ​ ​ ​ 4,403,240 ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ (661,204) ​ ​ ​ ​ ​ 661,204 ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ (117,278) ​ ​ ​ ​ ​ 117,278 ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 17,358 ​ ​ ​ ​ ​ (17,358) ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ (76,086) ​ ​ ​ ​ ​ 76,086 ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ (48,723) ​ ​ ​ ​ ​ 48,723 ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ (66,785) ​ ​ ​ ​ ​ 66,785 ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ (115,328) ​ ​ ​ ​ ​ 115,328 ​ ​
For financial reporting purposes, capital accounts are adjusted to reflect the tax character of permanent book/ tax differences. Reclassifications are primarily due to the tax treatment of redemptions in-kind, the expiration of capital loss carryforwards, nondeductible expenses and capital share redemptions utilized as distributions for tax purposes.
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
The tax character of distributions paid during the years ended April 30, 2022 and 2021 were as follows:
​ ​ ​
2022
​ ​
2021
​
Fund
​ ​
Ordinary
Income
​ ​
Long-Term
Capital Gains
​ ​
Tax Return
of Capital
​ ​
Ordinary
Income
​ ​
Long-Term
Capital Gains
​ ​
Tax Return
of Capital
​
IQ Hedge Multi-Strategy Tracker
ETF
​ ​ ​ $ 2,417,467 ​ ​ ​ ​ $    — ​ ​ ​ ​ $    — ​ ​ ​ ​ $ 15,953,112 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 106,851 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 341,520 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ 108,619 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 181,041 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Event-Driven Tracker
ETF
​ ​ ​ ​ 266,450 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 209,892 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Real Return ETF
​ ​ ​ ​ 307,104 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 511,575 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ 1,750,995 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,749,100 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 16,966,679 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Global Resources ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,041,648 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ 1,830,575 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 662,106 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,029,743 ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ 9,308,477 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,183,285 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 3,470,326 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 4,106,799 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 2,747,303 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,965,356 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ 500 International ETF
​ ​ ​ ​ 8,747,984 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,907,221 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG U.S. Large Cap Equity
ETF
​ ​ ​ ​ 5,632,747 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,588,974 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ 5,802,531 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,032,608 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ 80,268 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 21,568 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ 40,598 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 27,324 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ 34,323 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ 11,114 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ 8,288 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ 6,272 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
Capital losses incurred after October 31 (“Post-October Losses”) and certain late year ordinary income losses within the taxable year can be deemed to arise on the first business day of the Funds’ next taxable year. For the year ended April 30, 2022, the Funds incurred and elected to defer to May 1, 2022 Post-October Losses and late year ordinary losses of:
Fund
​ ​
Late Year
Ordinary Losses
​ ​
Short-Term
Post October Losses
​ ​
Long-Term
Post October Losses
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Real Return ETF
​ ​ ​ ​ 104,646 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ 1,015,207 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Global Resources ETF
​ ​ ​ ​ 982,462 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ 500 International ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 805 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
At April 30, 2022, the Funds listed below had net capital loss carryforwards for Federal income tax purposes which are available for offset against future taxable net capital gains. The amounts were determined after adjustments for certain differences between financial reporting and tax purposes, such as wash sale losses. Accordingly, no capital gain distributions are expected to be paid to shareholders of these Funds until future net capital gains have been realized in excess of the available capital loss carryforwards. There is no
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Notes to Financial Statements (continued)
​
October 31, 2022 (unaudited)
assurance that any Fund will be able to utilize all of its capital loss carryforwards before they expire. These loss carryforwards expire in amounts and fiscal years as follows:
Fund
​ ​
Utilized In
Current Year
​ ​
Short-Term
With No
Expiration
​ ​
Long-Term
With No
Expiration
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ $ — ​ ​ ​ ​ $ 49,123,611 ​ ​ ​ ​ $ 2,873,347 ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ 24,641 ​ ​ ​ ​ ​ 4,264,318 ​ ​ ​ ​ ​ 1,112,831 ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 779,156 ​ ​ ​ ​ ​ — ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 702,657 ​ ​ ​ ​ ​ 297,081 ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 331,648 ​ ​ ​ ​ ​ 62,162 ​ ​
IQ Real Return ETF
​ ​ ​ ​ 27,891 ​ ​ ​ ​ ​ 612,292 ​ ​ ​ ​ ​ 1,457,613 ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,878,107 ​ ​ ​ ​ ​ 481,967 ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 49,646,781 ​ ​ ​ ​ ​ — ​ ​
IQ Global Resources ETF
​ ​ ​ ​ 1,099,354 ​ ​ ​ ​ ​ 32,376,209 ​ ​ ​ ​ ​ 28,638,704 ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ 2,480,198 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,448,219 ​ ​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ 15,482,247 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,170,970 ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 29,008,447 ​ ​ ​ ​ ​ 16,011,824 ​ ​ ​ ​ ​ 22,637,161 ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 5,911,452 ​ ​ ​ ​ ​ 32,657,354 ​ ​ ​ ​ ​ 38,453,225 ​ ​
IQ 500 International ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,203,128 ​ ​ ​ ​ ​ 2,788,328 ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,014,301 ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​ ​ ​ ​ N/A ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,817,627 ​ ​ ​ ​ ​ 205,544 ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 130,230 ​ ​ ​ ​ ​ 9,582 ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 104,196 ​ ​ ​ ​ ​ 1 ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 61,401 ​ ​ ​ ​ ​ — ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 31,312 ​ ​ ​ ​ ​ — ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 46,524 ​ ​ ​ ​ ​ — ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 22,227 ​ ​ ​ ​ ​ — ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ 38,026 ​ ​ ​ ​ ​ — ​ ​
6. OTHER AFFILIATED PARTIES AND TRANSACTIONS
For the purposes of the financial statements, the Funds assume the following to be holdings by affiliates. As of October 31, 2022, affiliated transactions, if any, are listed at the end of the Fund’s respective Schedule of Investments.
The Advisor is an affiliate of New York Life Investment Management LLC (“NYLIM”) and of New York Life Insurance & Annuity Corporation (“NYLIC”). The following tables reflect shares of a Fund beneficially owned by NYLIM or NYLIC or funds or accounts managed by NYLIM or NYLIC where such holdings exceed 5% of the shares of the Fund. As of October 31, 2022, NYLIM and NYLIC or funds or accounts managed by NYLIM or NYLIC were not known to own beneficially greater than 5% of the shares of any Fund except as set forth below.
New York Life Insurance & Annuity Corporation
Fund
​ ​
% Ownership
​
IQ Healthy Hearts ETF
​ ​ ​ ​ 66.3% ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ 80.0% ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 76.0% ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ 76.0% ​ ​
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October 31, 2022 (unaudited)
New York Life Investment Management LLC
Fund
​ ​
% Ownership
​
IQ FTSE International Equity Currency Neutral ETF
​ ​ ​ ​ 44.0% ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 98.3% ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 85.3% ​ ​
IQ 500 International ETF
​ ​ ​ ​ 95.3% ​ ​
IQ Candriam ESG U.S. Equity ETF
​ ​ ​ ​ 84.7% ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ 95.0% ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ 94.7% ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ 95.0% ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ 95.0% ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ 95.0% ​ ​
7. INVESTMENT TRANSACTIONS
Purchases and sales of investments (excluding short-term investments) for the period ended October 31, 2022 are as follows:
Fund
​ ​
Purchases
​ ​
Sales
​ ​
Purchases In-Kind
​ ​
Sales In-Kind
​
IQ Hedge Multi-Strategy Tracker ETF
​ ​ ​ $ 395,223,072 ​ ​ ​ ​ $ 385,547,930 ​ ​ ​ ​ $ 142,721,003 ​ ​ ​ ​ $ 211,258,302 ​ ​
IQ Hedge Macro Tracker ETF
​ ​ ​ ​ 1,828,689 ​ ​ ​ ​ ​ 1,785,041 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,274,102 ​ ​
IQ Hedge Market Neutral Tracker ETF
​ ​ ​ ​ 6,610,683 ​ ​ ​ ​ ​ 6,341,991 ​ ​ ​ ​ ​ 2,517,028 ​ ​ ​ ​ ​ 12,469,300 ​ ​
IQ Hedge Long/Short Tracker ETF
​ ​ ​ ​ 6,029,723 ​ ​ ​ ​ ​ 5,677,997 ​ ​ ​ ​ ​ 2,337,363 ​ ​ ​ ​ ​ 1,107,016 ​ ​
IQ Hedge Event-Driven Tracker ETF
​ ​ ​ ​ 3,311,188 ​ ​ ​ ​ ​ 3,214,403 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,102,639 ​ ​
IQ Real Return ETF
​ ​ ​ ​ 1,261,534 ​ ​ ​ ​ ​ 1,192,780 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 16,118,777 ​ ​
IQ S&P High Yield Low Volatility Bond ETF
​ ​ ​ ​ 8,934,535 ​ ​ ​ ​ ​ 9,009,017 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,122,836 ​ ​
IQ Merger Arbitrage ETF
​ ​ ​ ​ 696,682,906 ​ ​ ​ ​ ​ 767,408,422 ​ ​ ​ ​ ​ 31,645,876 ​ ​ ​ ​ ​ 55,965,040 ​ ​
IQ Global Resources ETF
​ ​ ​ ​ 3,357,065 ​ ​ ​ ​ ​ 2,818,105 ​ ​ ​ ​ ​ 8,558,050 ​ ​ ​ ​ ​ 3,061,142 ​ ​
IQ CBRE NextGen Real Estate ETF
​ ​ ​ ​ 36,206,961 ​ ​ ​ ​ ​ 36,746,723 ​ ​ ​ ​ ​ 2,233,099 ​ ​ ​ ​ ​ 5,913,420 ​ ​
IQ FTSE International Equity Currency Neutral
ETF
​ ​ ​ ​ 24,140,608 ​ ​ ​ ​ ​ 11,205,580 ​ ​ ​ ​ ​ 35,218,500 ​ ​ ​ ​ ​ 10,144,323 ​ ​
IQ Chaikin U.S. Large Cap ETF
​ ​ ​ ​ 5,164,986 ​ ​ ​ ​ ​ 4,716,861 ​ ​ ​ ​ ​ 4,761,120 ​ ​ ​ ​ ​ 23,424,564 ​ ​
IQ Chaikin U.S. Small Cap ETF
​ ​ ​ ​ 5,438,839 ​ ​ ​ ​ ​ 5,116,046 ​ ​ ​ ​ ​ 55,874,935 ​ ​ ​ ​ ​ 9,371,041 ​ ​
IQ 500 International ETF
​ ​ ​ ​ 32,144,586 ​ ​ ​ ​ ​ 32,128,567 ​ ​ ​ ​ ​ 15,917,445 ​ ​ ​ ​ ​ 18,079,608 ​ ​
IQ Candriam ESG U.S. Large Cap Equity ETF
​ ​ ​ ​ 64,147,543 ​ ​ ​ ​ ​ 64,232,198 ​ ​ ​ ​ ​ 25,282,221 ​ ​ ​ ​ ​ 50,938,398 ​ ​
IQ Candriam ESG U.S. Mid Cap Equity ETF
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 5,035,037 ​ ​ ​ ​ ​ — ​ ​
IQ Candriam ESG International Equity ETF
​ ​ ​ ​ 26,320,132 ​ ​ ​ ​ ​ 26,820,496 ​ ​ ​ ​ ​ 17,931,709 ​ ​ ​ ​ ​ 6,358,748 ​ ​
IQ Healthy Hearts ETF
​ ​ ​ ​ 1,989,832 ​ ​ ​ ​ ​ 1,962,630 ​ ​ ​ ​ ​ 1,246,196 ​ ​ ​ ​ ​ — ​ ​
IQ Engender Equality ETF
​ ​ ​ ​ 2,378,629 ​ ​ ​ ​ ​ 2,380,342 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Cleaner Transport ETF
​ ​ ​ ​ 1,618,659 ​ ​ ​ ​ ​ 1,648,061 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 935,242 ​ ​
IQ Clean Oceans ETF
​ ​ ​ ​ 2,151,051 ​ ​ ​ ​ ​ 2,159,315 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ Global Equity R&D Leaders ETF
​ ​ ​ ​ 574,391 ​ ​ ​ ​ ​ 560,493 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ U.S. Large Cap R&D Leaders ETF
​ ​ ​ ​ 475,001 ​ ​ ​ ​ ​ 469,421 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
IQ U.S. Mid Cap R&D Leaders ETF
​ ​ ​ ​ 1,465,417 ​ ​ ​ ​ ​ 1,465,930 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
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​
October 31, 2022 (unaudited)
8. DERIVATIVE FINANCIAL INSTRUMENTS
Swap Transactions
A swap agreement is an agreement between two parties pursuant to which the parties exchange payments at specified dates based on a specified notional amount, with the payments calculated by reference to specified securities, indexes, reference rates, currencies or other instruments. Most swap agreements provide that when the period payment dates for both parties are the same, the payments are made on a net basis (i.e., the two payment streams are netted out, with only the net amount paid by one party to the other). The Funds’ obligations or rights under a swap agreement entered into on a net basis will generally be equal only to the net amount to be paid or received under the agreement, based on the relative values of the positions held by each counterparty. Swap agreements are not entered into or traded on exchanges and there is no central clearing or guaranty function for total return swaps. Swaps could result in losses if interest rates or foreign currency exchange rates or credit quality changes are not correctly anticipated by the Funds or if the reference index, security or investments do not perform as expected.
The value of a total return swap agreement is recorded as either an asset or a liability on the Statements of Assets and Liabilities at the beginning of the measurement period. Segregated securities are designated on the Schedules of Investments and cash deposited is recorded on the Statements of Assets and Liabilities. Daily changes in valuation of Total Return Swaps, if any, are recorded as unrealized appreciation or depreciation on the Statements of Assets and Liabilities. The change in the value of swaps, including accruals of periodic amounts of interest to be paid or received on swaps, is reported as a change in net unrealized appreciation depreciation on the Statements of Operations. A realized gain or loss is recorded upon payment or receipt of a periodic payment or payment made upon termination of a swap agreement on the Statements of Operations.
When a Fund has an unrealized loss on a swap agreement, the Fund instructs the Custodian to pledge cash or liquid securities as collateral with a value at least equal to the amount of the unrealized loss. Collateral pledges are monitored and subsequently adjusted with the fluctuations of the swap value.
The IQ Hedge Multi-Strategy Tracker ETF, IQ Hedge Macro Tracker ETF, IQ Hedge Market Neutral Tracker ETF, IQ Hedge Long/Short Tracker ETF, IQ Hedge Event-Driven Tracker ETF and the IQ Merger Arbitrage ETF used Total Return Swaps to replicate the performance of the Index. Risks may arise as a result of the failure of the counterparty to the swap contract to comply with the terms of the swap contract. Therefore, the Funds consider the creditworthiness of the counterparty to a swap contract in evaluating potential credit risk. Additionally, risks may arise from unanticipated movements in interest rates or in the value of the underlying instruments.
Pursuant to documentation governing the Funds’ swap transactions with MLI and Morgan Stanley, MLI and Morgan Stanley have the right to terminate the swaps early in the event that the net assets of the given Fund decline below specific levels set forth in the documentation (“net asset contingent features”). In the event of early termination, MLI and Morgan Stanley may require the Funds to pay or receive a settlement amount in connection with the terminated swap transaction. The Funds utilized swaps to affect both long and short exposure to several asset classes and market segments, including, among others, real estate, domestic equity, international equity, emerging markets equities, investment grade corporate bonds, high yield corporate bonds, convertible bonds, preferred securities, emerging market-debt, mortgage-backed securities, floating rate notes, developed markets currencies, broad commodity indices, precious metals, equity market volatility, and U.S. Treasury bonds. As of October 31, 2022, the Funds have not triggered the conditions under such documentation that will give the counterparty the right to call for an early termination. As of such date, the settlement values of these contracts were approximately equal to the fair value of such contracts. As of October 31, 2022, open swap transactions, if any, are listed at the end of the Funds’ respective Schedule of Investments.
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​
October 31, 2022 (unaudited)
Forward Foreign Currency Contracts
Certain Funds may enter into forward foreign currency transactions to seek a closer correlation between the Funds’ overall currency exposures and the currency exposures of the Underlying Index as a part of its principal investment strategy.
The IQ FTSE International Equity Currency Neutral ETF may enter into forward foreign currency contracts for hedging purposes, to seek to protect against anticipated changes in future foreign currency exchange rates. A forward foreign currency contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. A non-deliverable forward currency contract does not require physical delivery of the underlying currencies and the contract is settled based on the difference between the contracted price and the prevailing spot price of the agreed upon notional amount. These contracts are traded in the interbank market between currency traders (usually large commercial banks) and their customers. A forward foreign currency contract generally has no deposit requirement, and no commissions are generally charged at any stage for trades.
Upon entering into a forward foreign currency contract, a Fund is required to segregate permissible liquid assets or engage in other measures approved by the SEC to “cover” the Fund’s obligations relating to its transactions in derivatives. Fluctuations in the value of open forward foreign currency contracts are recorded for book purposes as unrealized gains or losses on forward foreign currency contracts by the Funds. Realized gains and losses on forward foreign currency contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold. At October 31, 2022, open forward foreign currency contracts, if any, are listed at the end of the Funds’ respective Schedule of Investments.
Quantitative Disclosure of Derivative Holding
The following tables show additional disclosures related to each Fund’s derivative and holding activities, including how such activities are accounted for and their effect in each Fund’s financial positions, performance and cash flows.
The fair value of derivative instruments reflected on the Statements of Assets and Liabilities were as follows:
Asset Derivatives
​ ​ ​
Forward Currency Contract Risk
​
IQ FTSE International Equity Currency Neutral ETF​ ​ ​ ​ ​ ​ ​ ​
Unrealized appreciation on forward foreign currency contracts
​ ​ ​ $ 1,071,285 ​ ​
Liability Derivatives
​ ​ ​
Forward Currency Contract Risk
​
IQ FTSE International Equity Currency Neutral ETF​ ​ ​ ​ ​ ​ ​ ​
Unrealized depreciation on forward foreign currency contracts
​ ​ ​ $ 1,093,157 ​ ​
Total return swaps reflect a reset date as of October 31, 2022; therefore, there is no unrealized appreciation/depreciation reflected on the Statements of Assets and Liabilities.
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​
October 31, 2022 (unaudited)
Transactions in derivative instruments reflected on the Statements of Operations during the year ended October 31, 2022 were as follows:
Fund
​ ​
Forward Currency Contract Risk
​ ​
Equity Risk
​
IQ Hedge Multi-Strategy Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Realized gain (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap transactions
​ ​ ​ ​ ​ ​ ​ ​ ​ $ 227,561 ​ ​
IQ Hedge Macro Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Realized gain (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap transactions
​ ​ ​ ​ ​ ​ ​ ​ ​ $ 12,129 ​ ​
IQ Hedge Market Neutral Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Realized gain (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap transactions
​ ​ ​ ​ ​ ​ ​ ​ ​ $ 32,469 ​ ​
IQ Hedge Long/Short Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Realized gain (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap transactions
​ ​ ​ ​ ​ ​ ​ ​ ​ $ (21,752) ​ ​
IQ Hedge Event-Driven Tracker ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Realized gain (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap transactions
​ ​ ​ ​ ​ ​ ​ ​ ​ $ (4,033) ​ ​
IQ Merger Arbitrage ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Realized gain (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap transactions
​ ​ ​ ​ ​ ​ ​ ​ ​ $ 9,798,028 ​ ​
IQ FTSE International Equity Currency Neutral ETF ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Realized gain (loss) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Forward foreign currency contracts
​ ​ ​ $ 18,594,079 ​ ​ ​ ​ ​ ​ ​ ​
Change in unrealized appreciation (depreciation) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Forward foreign currency contracts
​ ​ ​ $ (7,187,724) ​ ​ ​ ​ ​ ​ ​ ​
For the period ended October 31, 2022, the monthly average notional value of the derivatives held by the Funds were as follows:
​ ​ ​
Average Notional Value
​
FIHI
​ ​
IQ Hedge
Multi-
Strategy
Tracker
ETF
​ ​
IQ Hedge
Macro
Tracker
ETF
​ ​
IQ Hedge
Market
Neutral
Tracker ETF
​ ​
IQ Hedge
Long/​
Short
Tracker
ETF
​ ​
IQ Hedge
Event-
Driven
Tracker
ETF
​ ​
IQ Merger
Arbitrage
ETF
​ ​
IQ FTSE
International
Equity
Currency
Neutral ETF
​ ​
Asset Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap contracts
​ ​ ​ $ 71,141,047 ​ ​ ​ ​ $ 293,270 ​ ​ ​ ​ $ 287,252 ​ ​ ​ ​ $ 2,039,114 ​ ​ ​ ​ $ 219,986 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​
Forward foreign currency contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 239,002,241 ​ ​ ​
Liability Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Swap contracts
​ ​ ​ $ (71,584,622) ​ ​ ​ ​ $ (293,673) ​ ​ ​ ​ $ (288,381) ​ ​ ​ ​ $ (2,046,089) ​ ​ ​ ​ $ (221,696) ​ ​ ​ ​ $ (56,586,488) ​ ​ ​ ​ $ — ​ ​ ​
Forward foreign currency contracts
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (236,391,309) ​ ​ ​
9. RISKS INVOLVED WITH INVESTING IN THE FUNDS
The Funds are subject to the principal risks described below, some or all of these risks may adversely affect a Fund’s NAV, trading price, yield, total return and ability to meet its investment objective. As with any investment, an investment in a Fund could result in a loss or the performance of a Fund could be inferior to that of other investments.
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​
October 31, 2022 (unaudited)
Call Risk1
During periods of falling interest rates, an issuer of a callable bond held by a Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds at lower interest rates, resulting in a decline in the Fund’s income.
Counterparty Risk
Many of the protections afforded to participants on some organized exchanges, such as the performance guarantee of an exchange clearing house, are not available in connection with OTC derivatives transactions. In those instances, an underlying ETP utilizing such deliverables will be subject to the risk that its direct counterparty will not perform its obligations under the transactions and that the underlying ETP will sustain losses.
Credit Risk1
Debt issuers and other counterparties may not honor their obligations or may have their debt downgraded by ratings agencies. The financial condition of an issuer of a debt security or other instrument may cause such issuer to default on its obligations or cause such issuer to be perceived (whether by market participants, rating agencies, pricing services or otherwise) as being in default.
Currency Hedging Risk2
Certain Funds use various strategies to attempt to reduce the impact of changes in the value of a foreign currency against the U.S. dollar. These strategies may not be successful. Currency exchange rates can be very volatile and can change quickly and unpredictably. Therefore, the value of an investment in a fund may also go up or down quickly and unpredictably and investors may lose money.
Currency Risk
Certain Funds will invest in securities denominated in currencies other than U.S. dollars (foreign currencies). Therefore, while much of the income received by a Fund may be denominated in foreign currency, the Underlying Index and the Fund’s NAV will be calculated in U.S. dollars. Furthermore, a Fund may convert cash in U.S. dollars to foreign currencies to purchase securities. Both a Fund’s ability to track the Underlying Index, and Fund returns in general, may be adversely impacted by changes in currency exchange rates, which can occur quickly and without warning.
Cyber Security and Disruptions in Operations
With the increasing use of the Internet and technology in connection with the Fund’s operations, the Fund may be more susceptible to greater operational and information security risks resulting from breaches in cyber security. Cyber incidents can result from unintentional events (such as an inadvertent release of confidential information) or deliberate attacks by insiders or third-parties, including cyber criminals, competitors, nation-states and “hacktivists,” and can be perpetrated by a variety of complex means, including the use of stolen access credentials, malware or other computer viruses, ransomware, phishing, structured query language injection attacks, and distributed denial of service attacks, among other means. Cyber incidents may result in actual or potential adverse consequences for critical information and communications technology, or systems and networks that are vital to the Fund’s or their service providers’ operations, or otherwise impair Fund or service provider operations. For example, a cyber incident may cause operational disruptions and failures impacting information systems or information that a system processes, stores, or transmits, such as by theft, damage or destruction, or corruption or modification of or denial of access to data maintained online or digitally, denial of service on websites rendering the websites unavailable to intended users or not accessible for such users in a timely manner, and the unauthorized release or other exploitation of confidential information (i.e., identity theft or other privacy breaches). In addition, a cyber security breach may cause disruptions and impact the Fund’s business operations, which could potentially result in financial
​
1
Applies to IQ S&P High Yield Low Volatility Bond ETF
​
2
Applies to IQ FTSE International Equity Currency Neutral ETF
​
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​
October 31, 2022 (unaudited)
losses, inability to determine the Fund’s NAV including over an extended period, impediments to trading, the inability of shareholders to transact business, violation of applicable law, regulatory penalties and/or fines, compliance and other costs. The Fund and their shareholders could be negatively impacted as a result. Further, substantial costs may be incurred in order to prevent future cyber incidents.
Debt Investments Risk
The ability of issuers of debt securities held by the Funds to meet their obligations may be affected by, among other things, economic or political developments in a specific country, industry or region. Debt securities are also subject to the risks associated with changes in interest rates. Debt investments are subject to many risks, including, but not limited to, interest rate risk, credit risk, market risk, regulatory risk, price volatility and liquidity risk. There is a risk that an issuer or guarantor of a debt investment might be unable or unwilling to meet its financial obligations and might not make interest or principal payments on an instrument when those payments are due (“default”). Defaults may potentially reduce a Fund’s income or ability to recover amounts due, and may reduce the value of the debt investment, sometimes dramatically. Certain debt investments may be difficult to value, purchase, or sell, particularly during adverse market conditions, because there is a limited market for the investment or there are restrictions on resale.
Debt investments most frequently trade in institutional round lot size transactions. Until a Fund grows significantly in size, a fund may purchase a significant number of bonds in amounts less than the institutional round lot size, which are frequently referred to as “odd” lots. Odd lot size positions may have more price volatility than institutional round lot size positions. The Funds use a third-party pricing service to value bond holdings and the pricing service values bonds assuming orderly transactions of an institutional round lot size.
Depositary Receipts Risk
Each Fund will normally invest at least 80% of its total assets in the securities of its Underlying Index and in depositary receipts based on the securities in its Underlying Index. Types of depositary receipts in which a Fund may invest include ADRs, EDRs and GDRs. ADRs are receipts that are traded in the U.S. evidencing ownership of the underlying foreign securities and are denominated in U.S. dollars. EDRs and GDRs are receipts issued by a non-U.S. financial institution evidencing ownership of underlying foreign or U.S. securities and usually are denominated in foreign currencies. EDRs and GDRs may not be denominated in the same currency as the securities they represent. Generally, EDRs and GDRs are designed for use in the foreign securities markets. To the extent a Fund invests in ADRs, such ADRs will be listed on a national securities exchange. To the extent a Fund invests in GDRs or EDRs, such GDRs and EDRs will be listed on a foreign exchange. A Fund will not invest in any unlisted depositary receipt or any depositary receipt for which pricing information is not readily available. Generally, all depositary receipts must be sponsored. The Fund, however, may invest in unsponsored depositary receipts under certain limited circumstances. A non- sponsored depository may not provide the same shareholder information that a sponsored depository is required to provide under its contractual arrangement with the issuer. Therefore, there may be less information available regarding such issuers and there may not be a correlation between such information and the market value of the depositary receipts.
Derivatives Risk
Derivative strategies may expose a Fund to greater risk than if it had invested directly in the underlying instrument and often involve leverage, which may exaggerate a loss, potentially causing a Fund to lose more money than it originally invested and would have lost had it invested directly in the underlying instrument. Derivatives may be difficult to sell, unwind or value. Derivatives may also be subject to counterparty risk, which is the risk that the counterparty (the party on the other side of the transaction) on a derivative transaction will be unable to honor its contractual obligations to the Fund. Derivatives may be more volatile than direct investments in the instrument underlying the contract and may not correlate perfectly to the underlying instrument. Derivatives also may involve a small initial investment relative to the risk assumed, which could result in losses greater than if they had not been used. Due to fluctuations in the price of the underlying asset, a Fund may not be able to profitably exercise an option and may lose its entire investment in an option. Derivatives may also increase the expenses of a Fund.
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​
October 31, 2022 (unaudited)
Emerging Market Securities Risk
A Fund may invest in securities of issuers located in emerging countries. The risks of foreign investment are heightened when the issuer is located in an emerging country. Emerging countries are generally located in the Asia and Pacific regions, the Middle East, Eastern Europe, Central and South America and Africa. The securities markets of emerging countries are less liquid, are especially subject to greater price volatility, have smaller market capitalizations, have less government regulation and are not subject to as extensive and frequent accounting, financial and other reporting requirements as the securities markets of more developed countries.
Equity Securities Risk
The prices of equity securities are responsive to many factors, including the historical and prospective earnings of the issuer, the value of its assets, general economic, stock market, industry and company conditions and the risk inherent in the portfolio manager’s ability to anticipate such changes that can adversely affect the value of a Fund’s holdings. Opportunity for greater gain may come with greater risk of loss.
ESG Investing Style Risk3
The application of environmental, social and corporate governance investing criteria may affect the Fund’s exposure to certain sectors or types of investments and may impact the Fund’s relative investment performance depending on whether such sectors or investments are in or out of favor in the market. In addition, there is no guarantee that the construction methodology of the Underlying Index will accurately provide exposure to issuers meeting environmental, social and corporate governance criteria.
Exchange Traded Vehicle Risk4
Unlike an investment in a mutual fund, the value of the Funds’ investments in ETFs, ETVs and ETNs is based on stock market prices and the Funds could lose money due to stock market developments, the failure of an active trading market to develop, or exchange trading halts or de-listings. Federal law prohibits the Funds from acquiring investment company shares, including shares of ETFs, in excess of specific thresholds unless exempted by rule, regulation or exemptive order. These prohibitions may prevent the Funds from allocating their investments to ETFs in an optimal manner.
Fund of Funds Risk4
Certain Funds’ investment performance, because they are fund of funds, depend on the investment performance of the underlying ETFs in which they invest. An investment in any such Fund is subject to the risks associated with the underlying ETFs that comprise its Underlying Index. Such a Fund will indirectly pay a proportional share of the asset-based fees of the underlying ETFs in which it invests.
Foreign Securities Risk
Certain Funds invest directly or indirectly (through underlying ETFs) in the securities of non-U.S. issuers, which involves risks beyond those associated with investments in U.S. securities. These additional risks include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. The ability of issuers of securities held by the Fund to meet their obligations may be affected by, among other things, economic or political developments in a specific country, industry or region.
​
3
Applies to IQ Candriam ESG U.S. Large Cap Equity ETF, IQ Candriam ESG U.S. Mid Cap Equity ETF, IQ Candriam ESG International Equity ETF, IQ Healthy Hearts ETF, IQ Engender Equality ETF, IQ Cleaner Transport ETF, and IQ Clean Oceans ETF.
​
4
Applies to IQ Hedge Multi-Strategy Tracker ETF, IQ Hedge Macro Tracker ETF, IQ Hedge Market Neutral Tracker ETF, IQ Hedge Long/Short Tracker ETF, and IQ Hedge Event-Driven Tracker ETF.
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October 31, 2022 (unaudited)
High Yield Securities Risk1
High yield securities generally offer a higher current yield than the yield available from higher grade issues, but typically involve greater risk. Securities rated below investment grade are commonly referred to as “junk bonds.”
Income Risk1
The income of a Fund receives from investments in debt securities may decline when interest rates fall. This decline can occur because a Fund may subsequently invest in lower-yielding bonds when bonds in its portfolio mature or the Fund needs to purchase additional bonds.
Index Risk
The Funds’ Underlying Indexes and the Funds rebalance only on a monthly, quarterly or annual basis, which may cause the performance of the Underlying Indexes and the Funds to deviate from that of the market exposure that they are trying to achieve.
Industry Concentration Risk
To the extent that a Fund’s Underlying Index is concentrated in a particular industry, the Fund also will be concentrated in that industry. The risk of concentrating fund investments in a limited number of issuers conducting business in the same industry or group of industries will subject a Fund to a greater risk of loss as a result of adverse economic, business or other developments than if its investments were diversified across different industry sectors.
Interest Rate Risk1
An increase in interest rates may cause the value of debt securities held by a Fund to decline. Interest rates in the United States are near historic lows, which may increase a Fund’s exposure to risks associated with rising interest rates. Interest rates may rise significantly and/or rapidly. Rising interest rates or lack of market participants may lead to decreased liquidity and increased volatility in the bond markets, making it more difficult for a Fund to sell its bond holdings at a time when the Fund might wish to sell.
Large Capitalization Companies Risk5
Large-capitalization companies may be less able than smaller capitalization companies to adapt to changing market conditions. Large-capitalization companies may be more mature and subject to more limited growth potential compared with smaller capitalization companies. Over certain periods, the performance of large-capitalization companies has trailed the performance of overall markets.
Large Transaction Risks
From time to time, a Fund may receive large purchase or redemption orders from affiliated or unaffiliated funds or other investors. Such large transactions could have adverse effects on a Fund’s performance if the Fund were required to sell securities or invest cash at times when it otherwise would not do so. This activity could also accelerate the realization of capital gains and increase a Fund’s transaction costs.
LIBOR Replacement Risk
A Fund's investments in certain debt securities, derivatives or other financial instruments may reference the London Interbank Offered Rate (“LIBOR”), as a “benchmark” or “reference rate” for various interest rate calculations.
As of January 1, 2022, the United Kingdom Financial Conduct Authority, which regulates LIBOR, ceased its active encouragement of banks to provide the quotations needed to sustain LIBOR. However, many of the most widely used LIBOR tenors are expected to continue until mid-2023. It is anticipated that LIBOR will be
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1
Applies to IQ S&P High Yield Low Volatility Bond ETF
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5
Applies to IQ U.S. Large Cap R&D Leaders ETF
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October 31, 2022 (unaudited)
discontinued or will no longer be sufficiently robust to be representative of its underlying market around that time.
Although the transition away from LIBOR in the marketplace has become increasingly well defined, with an increasing volume of newly issued financial instruments referencing an alternative reference rate, , there are still challenges to converting certain contracts and transactions to a new benchmark and neither the full effects of the transition process nor its ultimate outcome is known. The Advisor is currently working to assess exposure and will modify contracts as necessary.
The elimination of LIBOR or changes to other reference rates or any other changes or reforms to the determination or supervision of reference rates could have an adverse impact on the market for, or value of, any securities or payments linked to those reference rates, which may adversely affect a Fund's performance and/or net asset value.
Uncertainty and risk also remain regarding the willingness and ability of issuers and lenders to amend existing contracts or instruments. Consequently, the transition away from LIBOR to other reference rates may lead to increased volatility and illiquidity in markets that are tied to LIBOR, fluctuations in values of LIBOR-related investments or investments in issuers that utilize LIBOR, increased difficulty in borrowing or refinancing and diminished effectiveness of hedging strategies, adversely affecting the Fund's performance.
Furthermore, the risks associated with the expected discontinuation of LIBOR and transition may be exacerbated if the work necessary to effect an orderly transition to an alternative reference rate is not completed in a timely manner.
Long/Short Risk
There is no guarantee that the returns on a Fund’s long or short positions, if any, will produce positive returns, and the Fund could lose money if either or both positions produce negative returns. In addition, a Fund may gain enhanced long exposure to certain securities (i.e., obtain investment exposure that exceeds the amount directly invested in those assets, a form of leverage) and, as a result, suffer losses that exceed the amount invested in those assets.
Market Disruption Risk
In late February 2022, the Russian military invaded the Ukraine, which amplified existing geopolitical tensions among Russia, Ukraine, Europe, and many other countries including the U.S. and other members of the North Atlantic Treaty Organization (“NATO”). In response, various countries, including the U.S., the United Kingdom, and members of the European Union issued broad-ranging economic sanctions against Russia, Russian companies and financial institutions, Russian individuals and others. Additional sanctions may be imposed in the future. Such sanctions (and any future sanctions) and other actions against Russia in light of Russia’s invasion of Ukraine will adversely impact the economies of Russia and Ukraine. Certain sectors of each country’s economy may be particularly affected, including but not limited to, financials, energy, metals and mining, engineering and defense and defense-related materials sectors. Further, a number of large corporations and U.S. and foreign governmental entities have announced plans to divest interests or otherwise curtail business dealings in Russia or with certain Russian businesses. These events have resulted in (and may continue to result in) a loss of liquidity and value of Russian and Ukrainian securities and, in some cases, a complete inability to trade or settle trades in certain Russian securities. Further actions are likely to be taken by the international community, including governments and private corporations, that will adversely impact the Russian economy in particular. Such actions may include boycotts, tariffs, and purchasing and financing restrictions on Russia’s government, companies and certain individuals, or other unforeseeable actions. The ramifications of the hostilities and sanctions also may negatively impact other regional and global economic markets (including Europe and the U.S.), companies in other countries (particularly those that have done business with Russia) and various sectors, industries and markets for securities and commodities globally, such as oil and natural gas and precious metals. Accordingly, the actions discussed above and the potential for a wider conflict could increase financial market volatility and have severe negative consequences for regional and global markets, industries and companies in which the Fund invests. Moreover, the extent and duration of
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the Ukrainian invasion or future escalation of such hostilities, the extent and impact of existing and future sanctions, market disruptions and volatility, and the result of any diplomatic negotiations cannot be predicted. These and any related events could have a significant impact on a Fund’s performance and the value of an investment in the Fund.
Market Risk
The market price of investments owned by a Fund may go up or down, sometimes rapidly or unpredictably. Investments may decline in value due to factors affecting fixed-income securities markets generally or particular segments of the market.
An outbreak of COVID-19 has developed into a global pandemic and has resulted in travel restrictions, closure of international borders, certain businesses and securities markets, restrictions on securities trading activities, prolonged quarantines, supply chain disruptions, and lower consumer demand, as well as general concern and uncertainty. The full effects, duration and costs of the COVID-19 pandemic are uncertain, and the circumstances surrounding the COVID-19 pandemic will continue to evolve and may adversely affect a Fund and its investments.
Mid-Capitalization Companies Risk6
Stock prices of mid-capitalization companies may be more volatile than those of large-capitalization companies, therefore impacting the value of the Fund’s investment in mid-capitalization companies. Stock prices of mid-capitalization companies are also more vulnerable than those of large-capitalization companies to adverse business or economic developments, and the stocks of mid-capitalization companies may be less liquid, making it more difficult for the Fund to buy and sell them. In addition, mid-capitalization companies generally have less diverse product lines than large-capitalization companies and are more susceptible to adverse developments related to their products.
New Fund Risk7
Certain Funds are new funds. There can be no assurance that they will grow to or maintain an economically viable size, in which case they may experience greater tracking error to their Underlying Indexes or ultimately liquidate.
Passive Management Risk
Unlike many investment companies, each Fund seeks to track its Underlying Index and is not “actively” managed. Therefore, a fund would not generally sell a security because the security’s issuer was in financial trouble unless that security is removed from (or was no longer useful in tracking a component of) its Underlying Index.
Small Capitalization Companies Risk8
Certain Funds invest primarily in the stocks of small capitalization companies, which may be more volatile than those of larger companies. Stock prices of small capitalization companies are also more vulnerable than those of large capitalization companies to adverse business and economic developments. Additionally, the stocks of small capitalization companies may be thinly traded, making it difficult to buy and sell them.
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6
Applies to IQ Candriam ESG U.S. Mid Cap Equity ETF and IQ U.S. Mid Cap R&D Leaders ETF
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7
Applies to IQ Candriam ESG U.S. Mid Cap Equity ETF, IQ Global Equity R&D Leaders ETF, IQ U.S. Large Cap R&D Leaders ETF, and IQ U.S. Mid Cap R&D Leaders ETF.
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8
Applies to IQ CBRE NextGen Real Estate ETF, IQ Chaikin U.S. Small Cap ETF, IQ Candriam ESG U.S. Large Cap Equity ETF, IQ Candriam ESG International Equity ETF, IQ Engender Equality ETF, IQ Cleaner Transport ETF, and IQ Clean Oceans ETF.
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October 31, 2022 (unaudited)
Total Return Swap Risk9
Total return swaps give a Fund the right to receive the appreciation in the value of a specified security, index or other instrument in return for a fee paid to the counterparty, which will typically be an agreed upon interest rate. Total return swaps can also be used to replicate an exposure to a short position in an asset class where a Fund has the right to receive the depreciation in value of a specified security, index or other instrument (“inverse swaps”). If the underlying asset in a total return swap declines in value (or increases in value, if an inverse swap) over the term of the swap, a Fund may also be required to pay the dollar value of that decline (or, if an inverse swap, increase, if an inverse swap) to the counterparty. Therefore, swaps are subject to credit risk or the risk of default or non-performance by the counterparty.
Tracking Error Risk
Each Fund’s performance may not match its Underlying Index during any period of time. Although each Fund attempts to track the performance of its Underlying Index, a Fund may not be able to duplicate its exact composition or return for a number of reasons, including that the strategies used by the Advisor to match the performance of the Underlying Indexes were unsuccessful and because a Fund incurs expenses, which an Underlying Index does not incur.
Trading Price Risk
Although it is expected that generally the market price of a Fund’s Shares will approximate the Fund’s NAV, there may be times when market price in the Secondary Market and the NAV vary significantly. During periods of market stress, shares of a Fund may also experience significantly wider “bid/ask” spreads, premiums and discounts between a Fund’s NAV and market price.
U.S. Investing Risk
Certain Funds may have significant exposure to U.S. issuers. A decrease in imports or exports, changes in trade regulations, tariffs or the threat of tariffs, and/or an economic recession in the U.S. may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the U.S. are changing many aspects of financial and other regulation and may have a significant effect on the U.S. markets generally, as well as the value of certain securities. In addition, a continued rise in the U.S. public debt level or U.S. austerity measures may adversely affect U.S. economic growth and the securities to which the Fund has exposure.
10. SUBSEQUENT EVENTS
On December 8, 2022, the Board of Trustees of the IndexIQ ETF Trust, upon the recommendation from the Fund’s Advisor, approved a proposal to liquidate the IQ Hedge Macro Tracker ETF, IQ Hedge Market Neutral Tracker ETF, IQ Hedge Long/Short Tracker ETF, IQ Hedge Event-Driven Tracker ETF and IQ S&P High Yield Low Volatility Bond ETF pursuant to the terms of a plan of liquidation. After considering all of the information presented to it, the Board concluded that it would be in the best interest of each Fund and its shareholders to liquidate the Funds. The Funds will be liquidated on or about February 7, 2023.
Other than the Fund liquidation, management has determined that there were no other material events that would require disclosure in the preparation of these financial statements.
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9
Applies to IQ Hedge Multi-Strategy Tracker ETF, IQ Hedge Macro Tracker ETF, IQ Hedge Market Neutral Tracker ETF, IQ Hedge Long/Short Tracker ETF, IQ Hedge Event-Driven Tracker ETF, and IQ Merger Arbitrage ETF.
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Board Review of Investment Advisory Agreements 
​
October 31, 2022 (unaudited)
Approval Relating to the IQ Candriam ESG U.S. Mid Cap Equity ETF
The Board (the members of which are referred to as “Trustees”), including the Trustees who are not an “interested person” of the Trust, as defined by the Investment Company Act of 1940 (the “1940 Act”)(the “Independent Trustees”), met in person on September 28, 2022, to consider the approval of an amendment to the Investment Advisory Agreement (the “Advisory Agreement Amendment”), with respect to the IQ Candriam ESG U.S. Mid Cap Equity ETF (the “New Fund”) between the Trust and IndexIQ Advisors LLC (the “Advisor”).
In accordance with Section 15(c) of the 1940 Act, the Board requested, reviewed and considered materials furnished by the Advisor relevant to the Board’s consideration of whether to approve the Advisory Agreement Amendment. In connection with considering approval of the Advisory Agreement Amendment, the Trustees who are not “interested persons” of the Trust, as that term is defined in the 1940 Act (the “Independent Trustees”), met in executive session with counsel to the Independent Trustees, who provided assistance and advice. The consideration of the Advisory Agreement Amendment was conducted by both the full Board and the Independent Trustees, who also voted separately.
During their review and consideration, the Board, including the Independent Trustees, focused on and analyzed the factors they deemed relevant, including: (1) the nature, quality, and extent of the services that the Advisor will provide to the New Fund, and the fee that the Advisor will charge to the New Fund; (2) information concerning the business and operations, compliance program and portfolio management team of the Advisor; (3) information describing the New Fund’s anticipated operating expenses; (4) data comparing the proposed fee rate for advisory services to be charged to the New Fund and the expected expense ratio to fees paid by and expense ratios of other registered investment companies with similar investment objectives and policies as those of the New Fund; (5) the extent to which economies of scale would be realized as the New Fund grows; (6) any “fall-out” benefits to be derived by the Advisor from its relationship with the Trust; and (7) potential conflicts of interest. The Board considered that the New Fund was a passively managed exchange-traded fund (“ETF”) designed to track an index created by an affiliate of the Advisor.
In reviewing such factors, the Board relied on certain information, including (1) a copy of the Advisory Agreement Amendment; (2) information about the proposed expense limitation and fee waiver agreement; (3) information describing the Advisor and the services to be provided thereby; (4) information regarding the compliance program and portfolio management team of the Advisor; (5) a copy of the Form ADV of the Advisor; (6) memoranda and guidance from legal counsel to the Independent Trustees on the fiduciary responsibilities of trustees, including Independent Trustees, in considering advisory and distribution agreements under the 1940 Act; (7) materials provided by the Advisor in response to a 15(c) request for information from legal counsel to the Independent Trustees; and (8) a presentation by personnel of the Advisor. In addition, the Board was provided data comparing the advisory fees and operating expenses of the New Fund with expenses and performance of other registered investment companies with similar investment objectives and policies. The Trustees also considered their personal experiences as Trustees and participants in the investment management industry, as applicable, including their experiences with the Advisor in respect of series of the Trust and IndexIQ Active ETF Trust.
In particular, the Trustees including the Independent Trustees, considered and discussed the following with respect to the New Fund:
1.
The nature, extent, and quality of the facilities and services to be provided to the New Fund by the Advisor. The Independent Trustees reviewed the services that the Advisor would provide to the New Fund. In connection with the investment advisory services to be provided to the New Fund, the Independent Trustees noted the responsibilities that the Advisor would have as the New Fund’s investment adviser, including overall supervisory responsibility for the general management and investment of the New Fund’s securities portfolio, ultimate responsibility, subject to oversight by the Board, for daily monitoring and quarterly reporting to the Board, and the implementation of Board directives as they relate to the New Fund.
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Board Review of Investment Advisory Agreements (continued)
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October 31, 2022 (unaudited)
The Independent Trustees reviewed and considered the Advisor’s performance in managing the existing Funds of the Trust. Based on their consideration and review of the foregoing information, the Independent Trustees determined that the New Fund would likely to benefit from the nature, quality, and extent of these services, as well as the Advisor’s ability to render such services based on its experience, operations, and resources.
2.
Comparison of services to be provided and fees to be charged by the Advisor and other investment advisers to similar clients, and the cost of the services to be provided and profits to be realized by the Advisor from its relationship with the New Fund. The Independent Trustees then compared both the services to be rendered and the proposed fees to be paid pursuant to the Advisory Agreement Amendment with the Advisor to contracts of other investment advisers with respect to similar ETFs. In particular, the Independent Trustees compared the New Fund’s proposed advisory fee and projected expense ratio for the New Fund’s first year of operations to other ETFs in the New Fund’s peer group. The Independent Trustees also considered that the New Fund will have in place an Expense Limitation Agreement to limit the total operating expenses.
​
After comparing the New Fund’s proposed fees with those of other funds in the New Fund’s peer group, and in light of the nature, quality, and extent of services proposed to be provided by the Advisor and the costs expected to be incurred by the Advisor in rendering those services, the Independent Trustees concluded that the fee proposed to be paid to the Advisor with respect to the New Fund was fair and reasonable.
3.
The Advisor’s profitability and the extent to which economies of scale would be realized as the New Fund grows and whether fee levels would reflect such economies of scale. The Independent Trustees next considered potential economies of scale and the anticipated costs and projected profitability of the Advisor in connection with its serving as investment adviser to the New Fund, including operational costs. Due to the fact that the New Fund had not yet commenced operations, the Independent Trustees made no determination with respect to economies of scale or the impact of the New Fund on the Advisor’s profitability.
​
4.
Investment performance of the Advisor. Because the New Fund had not commenced operations, the Independent Trustees could not consider the investment performance of the New Fund.
​
Conclusion. No single factor was determinative to the decision of the Independent Trustees. Based on the foregoing and such other matters as were deemed relevant, the Independent Trustees concluded that the terms of the Advisory Agreement Amendment with the Advisor was reasonable and fair to the New Fund and to recommend to the Board the approval of the Advisory Agreement Amendment.
As a result, all of the Board members, including the Independent Trustees, determined that the Advisory Agreement Amendment was in the best interests of the New Fund. The Board and the Independent Trustees, voting separately, approved the Advisory Agreement Amendment with respect to the New Fund.
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IndexIQ ETF Trust
Semi-Annual Report | October 31, 2022
IQ Hedge Multi-Strategy Tracker ETF (QAI)
IQ Hedge Macro Tracker ETF (MCRO)
IQ Hedge Market Neutral Tracker ETF (QMN)
IQ Hedge Long/Short Tracker ETF (QLS)
IQ Hedge Event-Driven Tracker ETF (QED)
IQ Real Return ETF (CPI)
IQ S&P High Yield Low Volatility Bond ETF (HYLV)
IQ Merger Arbitrage ETF (MNA)
IQ Global Resources ETF (GRES)
IQ CBRE NextGen Real Estate ETF
   (Formerly IQ U.S. Real Estate Small Cap ETF)    (ROOF)
IQ FTSE International Equity Currency Neutral ETF
   (Formerly IQ 50 Percent Hedged FTSE International ETF) (HFXI)
IQ Chaikin U.S. Large Cap ETF (CLRG)
IQ Chaikin U.S. Small Cap ETF (CSML)
IQ 500 International ETF (IQIN)
IQ Candriam ESG U.S. Large Cap Equity ETF
   (Formerly IQ Candriam ESG US Equity ETF)    (IQSU)
IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM)
IQ Candriam ESG International Equity ETF (IQSI)
IQ Healthy Hearts ETF (HART)
IQ Engender Equality ETF (EQUL)
IQ Cleaner Transport ETF (CLNR)
IQ Clean Oceans ETF (OCEN)
IQ Global Equity R&D Leaders ETF (WRND)
IQ U.S. Large Cap R&D Leaders ETF (LRND)
IQ U.S. Mid Cap R&D Leaders ETF (MRND)
Investment Advisor
IndexIQ Advisors LLC
51 Madison Avenue
New York, NY 10010
Distributor
ALPS Distributors, Inc.
1290 Broadway, Suite 1100
Denver, CO 80203
Custodian/Fund Administrator/Transfer Agent
The Bank of New York Mellon
240 Greenwich Street
New York, NY 10286
Legal Counsel
Chapman and Cutler LLP
1717 Rhode Island Avenue
Washington, DC 20036
Independent Registered Public Accounting Firm
PricewaterhouseCoopers LLP
300 Madison Avenue
New York, NY 10017
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5013915.2ME10-12/22
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