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  
4
5
8
Schedules of Investments
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35
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50
53
57
59
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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
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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
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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.
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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): $2.5
Asset Class
% of
Net Assets
U.S. Ultra Short Term Bond Funds
26.0%
Emerging Equity Funds
15.0
Convertible Bond Funds
12.7
Investment Grade Corporate Bond
Funds
7.9
U.S. Medium Term Treasury Bond Funds
7.8
Floating Rate — Investment Grade
Funds
4.9
Emerging Bonds — Local Currency
Funds
4.9
Money Market Funds
4.7
Gold Funds
3.9
U.S. Large Cap Growth Funds
3.0
Emerging Small Cap Equity Fund
2.7
U.S. Dollar Fund
2.7
High Yield Corporate Bond Funds
2.5
Europe Equity Funds
2.0
U.S. Large Cap Core Funds
1.9
Silver Funds
1.9
Total Investments
104.5
Other Assets and Liabilities, Net
(4.5)
Total Net Assets
100.0%
See notes to financial statements.
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TABLE OF CONTENTS
Portfolio Summaries* (unaudited)(continued)
October 31, 2022
IQ Hedge Market Neutral Tracker ETF
Net Assets ($ 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): $8.7
Industry
% of
Net Assets
Government
59.7%
Commodity Funds
9.8
Information Technology
6.4
Financials
5.0
Industrials
3.6
Health Care
3.6
Energy
2.5
Consumer Discretionary
2.5
Communication Services
1.7
Consumer Staples
1.6
Utilities
1.3
Real Estate
1.2
Materials
0.9
Money Market Funds
0.1
Total Investments
99.9
Other Assets and Liabilities, Net
0.1
Total Net Assets
100.0%
See notes to financial statements.
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TABLE OF CONTENTS
Portfolio Summaries* (unaudited)(continued)
October 31, 2022
IQ S&P High Yield Low Volatility Bond ETF
Net Assets ($ 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): $26.9
Industry
% of
Net Assets
Industrial
33.7%
Infrastructure (Tower)
17.3
Multi-Family Residential
14.6
Data Center
14.4
Health Care
12.1
Single-Family Residential
3.1
Manufactured Homes
3.0
Data Center Property Owners
0.6
REITs
0.6
Student Housing
0.5
Money Market Fund
0.2
Total Investments
100.1
Other Assets and Liabilities, Net
(0.1)
Total Net Assets
100.0%
See notes to financial statements.
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TABLE OF CONTENTS
Portfolio Summaries* (unaudited)(continued)
October 31, 2022
IQ FTSE International Equity Currency Neutral ETF
Net Assets ($ 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