Schedule of Investments ─ IQ Hedge Macro Tracker ETF
July 31, 2021 (unaudited)
Shares | Value | |||||||
Exchange Traded Vehicles — 7.8% | ||||||||
Gold Funds — 3.1% | ||||||||
Aberdeen Standard Physical Gold Shares ETF* | 488 | $ | 8,501 | |||||
Graniteshares Gold Trust* | 203 | 3,658 | ||||||
iShares Gold Trust* | 2,993 | 103,438 | ||||||
SPDR Gold MiniShares Trust*(a) | 867 | 15,641 | ||||||
Total Gold Funds | 131,238 | |||||||
Silver Funds — 1.9% | ||||||||
Aberdeen Standard Physical Silver Shares ETF* | 222 | 5,459 | ||||||
iShares Silver Trust* | 3,203 | 75,687 | ||||||
Total Silver Funds | 81,146 | |||||||
U.S. Dollar Fund — 2.8% | ||||||||
Invesco DB U.S. Dollar Index Bullish Fund*(a) | 4,745 | 117,533 | ||||||
Total Exchange Traded Vehicles | ||||||||
(Cost $321,214) | 329,917 | |||||||
Investment Companies — 92.2% | ||||||||
BRIC Equity Funds — 6.0% | ||||||||
iShares MSCI China ETF | 2,856 | 203,547 | ||||||
SPDR S&P China ETF | 458 | 53,009 | ||||||
Total BRIC Equity Funds | 256,556 | |||||||
Broad Funds — 0.8% | ||||||||
FlexShares Global Upstream Natural Resources Index Fund(a) | 635 | 24,010 | ||||||
SPDR S&P Global Natural Resources ETF | 183 | 9,653 | ||||||
Total Broad Funds | 33,663 | |||||||
Convertible Bond Funds — 10.1% | ||||||||
iShares Convertible Bond ETF | 860 | 86,000 | ||||||
SPDR Bloomberg Barclays Convertible Securities ETF(a) | 4,022 | 344,726 | ||||||
Total Convertible Bond Funds | 430,726 | |||||||
Emerging Bonds - Local Currency Funds — 6.1% | ||||||||
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | 2,757 | 72,371 | ||||||
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | 6,114 | 190,207 | ||||||
Total Emerging Bonds - Local Currency Funds | 262,578 | |||||||
Emerging Bonds - USD Funds — 2.8% | ||||||||
iShares J.P. Morgan USD Emerging Markets Bond ETF | 911 | 102,697 | ||||||
Vanguard Emerging Markets Government Bond ETF | 193 | 15,454 | ||||||
Total Emerging Bonds - USD Funds | 118,151 | |||||||
Emerging Equity Funds — 7.0% | ||||||||
iShares Core MSCI Emerging Markets ETF(a) | 2,342 | 148,038 | ||||||
Vanguard FTSE Emerging Markets ETF(a) | 2,909 | 148,679 | ||||||
Total Emerging Equity Funds | 296,717 | |||||||
Emerging Small Cap Equity Fund — 2.7% | ||||||||
SPDR S&P Emerging Markets SmallCap ETF | 1,921 | 115,375 | ||||||
Europe Equity Funds — 6.1% | ||||||||
iShares Core MSCI Europe ETF | 933 | 54,366 | ||||||
Vanguard FTSE Europe ETF | 3,012 | 206,352 | ||||||
Total Europe Equity Funds | 260,718 | |||||||
Floating Rate - Investment Grade Funds — 6.2% | ||||||||
iShares Floating Rate Bond ETF(a) | 3,769 | 191,465 | ||||||
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 2,389 | 73,199 | ||||||
Total Floating Rate - Investment Grade Funds | 264,664 | |||||||
High Yield Corporate Bond Funds — 3.0% | ||||||||
iShares iBoxx High Yield Corporate Bond ETF(a) | 793 | 69,657 | ||||||
SPDR Bloomberg Barclays High Yield Bond ETF(a) | 305 | 33,480 | ||||||
Xtrackers USD High Yield Corporate Bond ETF(a) | 584 | 23,518 | ||||||
Total High Yield Corporate Bond Funds | 126,655 | |||||||
Investment Grade Corporate Bond Funds — 4.8% | ||||||||
SPDR Portfolio Short Term Corporate Bond ETF | 1,042 | 32,625 | ||||||
Vanguard Short-Term Corporate Bond ETF(a) | 2,059 | 170,629 | ||||||
Total Investment Grade Corporate Bond Funds | 203,254 | |||||||
U.S. Large Cap Core Funds — 0.5% | ||||||||
Energy Select Sector SPDR Fund(a) | 350 | 17,287 | ||||||
Vanguard Energy ETF(a) | 53 | 3,672 | ||||||
Total U.S. Large Cap Core Funds | 20,959 | |||||||
U.S. Large Cap Growth Funds — 1.5% | ||||||||
Schwab U.S. Large-Cap Growth ETF(a) | 58 | 8,748 | ||||||
Vanguard Growth ETF | 154 | 45,575 | ||||||
Vanguard Mega Cap Growth ETF(a) | 28 | 6,707 | ||||||
Vanguard Russell 1000 Growth ETF | 54 | 3,893 | ||||||
Total U.S. Large Cap Growth Funds | 64,923 | |||||||
U.S. Medium Term Treasury Bond Funds — 6.1% | ||||||||
iShares 3-7 Year Treasury Bond ETF(a) | 971 | 127,919 | ||||||
Schwab Intermediate-Term U.S. Treasury ETF | 704 | 40,487 | ||||||
Vanguard Intermediate-Term Treasury ETF | 1,316 | 90,212 | ||||||
Total U.S. Medium Term Treasury Bond Funds | 258,618 | |||||||
U.S. Ultra Short Term Bond Funds — 28.5% | ||||||||
Invesco Treasury Collateral ETF | 479 | 50,616 | ||||||
IQ Ultra Short Duration ETF† | 23,480 | 1,162,964 | ||||||
Total U.S. Ultra Short Term Bond Funds | 1,213,580 | |||||||
Total Investment Companies | ||||||||
(Cost $3,630,743) | 3,927,137 | |||||||
Short-Term Investments — 17.3% | ||||||||
Money Market Funds — 17.3% | ||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.03%(b)(c) | 727,608 | 727,608 | ||||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 0.01%(b) | 6,665 | 6,665 | ||||||
Total Short-Term Investments | ||||||||
(Cost $734,273) | 734,273 | |||||||
Total Investments — 117.3% | ||||||||
(Cost $4,686,230) | 4,991,327 | |||||||
Other Assets and Liabilities, Net — (17.3)% | (734,714 | ) | ||||||
Net Assets — 100.0% | $ | 4,256,613 |
* | 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 $907,042; total market value of collateral held by the Fund was $929,515. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $201,907. |
(b) | Reflects the 1-day yield at July 31, 2021. |
(c) | Represents security purchased with cash collateral received for securities on loan. |
Schedule of Investments ─ IQ Hedge Macro Tracker ETF (continued)
July 31, 2021 (unaudited)
Total Return Swap contracts outstanding at July 31, 2021: | ||||||||||||||||
Total Return Benchmark | Counterparty | Floating Rate(d) | Expiration Date | Payment Frequency | Notional Amount Long/ (Short) | Value/ | ||||||||||
Aberdeen Standard Physical Gold Shares ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | $ | 854 | $ | – | ||||||||
Aberdeen Standard Physical Silver Shares ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 541 | – | ||||||||||
Energy Select Sector SPDR Fund | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 1,729 | – | ||||||||||
Fidelity MSCI Real Estate Index ETF | Morgan Stanley | 1-Day FEDEF - 24.40% | 5/03/2022 | Monthly | (1,875 | ) | – | |||||||||
FlexShares Global Upstream Natural Resources Index Fund | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 2,382 | – | ||||||||||
Graniteshares Gold Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 360 | – | ||||||||||
Invesco DB U.S. Dollar Index Bullish Fund | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 11,691 | – | ||||||||||
Invesco Treasury Collateral ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 5,072 | – | ||||||||||
IQ Ultra Short Duration ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 115,702 | – | ||||||||||
iShares 20+ Year Treasury Bond ETF | Morgan Stanley | 1-Day FEDEF - 0.85% | 5/03/2022 | Monthly | (16,148 | ) | – | |||||||||
iShares 3-7 Year Treasury Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 12,779 | – | ||||||||||
iShares Broad USD Investment Grade Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF - 1.35% | 5/03/2022 | Monthly | (4,533 | ) | – | |||||||||
iShares Convertible Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 8,600 | – | ||||||||||
iShares Core MSCI Emerging Markets ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 14,728 | – | ||||||||||
iShares Core MSCI Europe ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 5,419 | – | ||||||||||
iShares Core U.S. REIT ETF | Morgan Stanley | 1-Day FEDEF - 3.15% | 5/03/2022 | Monthly | (2,383 | ) | – | |||||||||
iShares Floating Rate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 19,050 | – | ||||||||||
iShares Gold Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 10,299 | – | ||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF - 1.20% | 5/03/2022 | Monthly | (31,010 | ) | – | |||||||||
iShares iBoxx High Yield Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 6,939 | – | ||||||||||
iShares JP Morgan USD Emerging Markets Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 10,258 | – | ||||||||||
iShares MSCI China ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 20,241 | – | ||||||||||
iShares MSCI Emerging Markets Min Vol Factor ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 5/03/2022 | Monthly | (124,875 | ) | – | |||||||||
iShares MSCI Japan ETF | Morgan Stanley | 1 Day FEDEF - 1.35% | 5/03/2022 | Monthly | (29,193 | ) | – | |||||||||
iShares Silver Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 7,538 | – | ||||||||||
Schwab Intermediate-Term U.S. Treasury ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 4,026 | – | ||||||||||
Schwab U.S. Large-Cap Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 905 | – | ||||||||||
SPDR Bloomberg Barclays Convertible Securities ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 34,284 | – | ||||||||||
SPDR Bloomberg Barclays Emerging Markets Local Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 7,193 | – | ||||||||||
SPDR Bloomberg Barclays High Yield Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 3,293 | – |
Schedule of Investments ─ IQ Hedge Macro Tracker ETF (continued)
July 31, 2021 (unaudited)
Total Return Benchmark | Counterparty | Floating Rate(d) | Expiration Date | Payment Frequency | Notional Amount Long/ (Short) | Value/ | ||||||||||
SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | $ | 7,292 | $ | – | ||||||||
SPDR Dow Jones International Real Estate ETF | Morgan Stanley | 1-Day FEDEF - 0.80% | 5/03/2022 | Monthly | (20,390 | ) | – | |||||||||
SPDR Gold MiniShares Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 1,551 | – | ||||||||||
SPDR Portfolio Long Term Treasury ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 5/03/2022 | Monthly | (3,804 | ) | – | |||||||||
SPDR Portfolio Short Term Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 3,256 | – | ||||||||||
SPDR S&P China ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 5,324 | – | ||||||||||
SPDR S&P Emerging Markets SmallCap ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 11,471 | – | ||||||||||
SPDR S&P Global Natural Resources ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 950 | – | ||||||||||
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 18,915 | – | ||||||||||
Vanguard Emerging Markets Government Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 1,521 | – | ||||||||||
Vanguard Energy ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 346 | – | ||||||||||
Vanguard FTSE Emerging Markets ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 14,771 | – | ||||||||||
Vanguard FTSE Europe ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 20,553 | – | ||||||||||
Vanguard Global ex-U.S. Real Estate ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 5/03/2022 | Monthly | (109,850 | ) | – | |||||||||
Vanguard Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 4,439 | – | ||||||||||
Vanguard Intermediate-Term Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 5/03/2022 | Monthly | (35,649 | ) | – | |||||||||
Vanguard Intermediate-Term Treasury ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 8,980 | – | ||||||||||
Vanguard Long-Term Treasury ETF | Morgan Stanley | 1-Day FEDEF - 2.65% | 5/03/2022 | Monthly | (2,542 | ) | – | |||||||||
Vanguard Mega Cap Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 719 | – | ||||||||||
Vanguard Real Estate ETF | Morgan Stanley | 1-Day FEDEF - 0.15% | 5/03/2022 | Monthly | (46,661 | ) | – | |||||||||
Vanguard Russell 1000 Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 361 | – | ||||||||||
Vanguard Short-Term Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 16,988 | – | ||||||||||
Xtrackers USD High Yield Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 2,336 | – | ||||||||||
$ | – |
At July 31, 2021 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 July 31, 2021.
Abbreviation
FEDEF — Federal Funds Effective Rate
Schedule of Investments ─ IQ Hedge Macro Tracker ETF (continued)
July 31, 2021 (unaudited)
The following is a summary of the inputs used to value the Fund's investments as of July 31, 2021. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to the Fund's most recent semi-annual or annual financial statements.
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Asset Valuation Inputs | ||||||||||||||||
Investments in Securities:(f) | ||||||||||||||||
Exchange Traded Vehicles | $ | 329,917 | $ | – | $ | – | $ | 329,917 | ||||||||
Investment Companies | 3,927,137 | – | – | 3,927,137 | ||||||||||||
Short-Term Investments: | ||||||||||||||||
Money Market Funds | 734,273 | – | – | 734,273 | ||||||||||||
Total Investments in Securities | 4,991,327 | – | – | 4,991,327 | ||||||||||||
Other Financial Instruments:(g) | ||||||||||||||||
Swap Contracts | – | – | – | – | ||||||||||||
Total Investments in Securities and Other Financial Instruments | $ | 4,991,327 | $ | – | $ | – | $ | 4,991,327 | ||||||||
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 July 31, 2021, the Fund did not have any transfers between any levels within the fair value hierarchy.
A summary of the Fund’s transactions with affiliated fund during the period ended July 31, 2021 is as follows:
Affiliated Holdings
Shares at 04/30/2021 | Value ($) at 04/30/2021 | Purchases Cost ($) | Sales Proceeds ($) | Net Realized Gain/(Loss) ($) | Net Change in Unrealized Appreciation/ (Depreciation) ($) | Income Distributions ($) | Capital Gain Distributions ($) | Shares at 07/31/2021 | Value ($) at 07/31/2021 | ||||||||||||
IQ Ultra Short Duration ETF | 15,621 | 774,958 | 389,782 | – | – | (1,776 | ) | 2,245 | – | 23,480 | 1,162,964 | ||||||||||