Schedule of Investments ─ IQ Real Return ETF
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| U.S. Treasury Inflation Indexed Bonds — 59.5% | ||||||||
| U.S. Treasury Inflation Indexed Bond | ||||||||
| 0.125%, due 7/15/24(a) | $ | 83,700 | $ | 104,113 | ||||
| 0.125%, due 10/15/24 | 130,900 | 149,726 | ||||||
| 0.125%, due 4/15/25 | 108,000 | 121,171 | ||||||
| 0.125%, due 10/15/25 | 132,000 | 146,992 | ||||||
| 0.125%, due 4/15/26 | 103,000 | 112,252 | ||||||
| 0.125%, due 7/15/26 | 115,400 | 137,777 | ||||||
| 0.125%, due 10/15/26 | 148,600 | 155,039 | ||||||
| 0.125%, due 4/15/27 | 156,800 | 156,890 | ||||||
| 0.125%, due 1/15/30(a) | 47,500 | 50,544 | ||||||
| 0.125%, due 7/15/30 | 52,400 | 55,815 | ||||||
| 0.125%, due 1/15/31 | 57,600 | 59,832 | ||||||
| 0.125%, due 7/15/31 | 60,600 | 60,951 | ||||||
| 0.125%, due 1/15/32 | 68,400 | 65,968 | ||||||
| 0.125%, due 2/15/51 | 20,200 | 15,261 | ||||||
| 0.125%, due 2/15/52 | 25,100 | 17,640 | ||||||
| 0.250%, due 1/15/25 | 123,900 | 152,617 | ||||||
| 0.250%, due 7/15/29 | 41,800 | 45,623 | ||||||
| 0.250%, due 2/15/50 | 19,900 | 15,985 | ||||||
| 0.375%, due 7/15/25 | 136,000 | 167,111 | ||||||
| 0.375%, due 1/15/27 | 108,300 | 128,201 | ||||||
| 0.375%, due 7/15/27 | 120,900 | 141,382 | ||||||
| 0.500%, due 4/15/24 | 55,000 | 64,783 | ||||||
| 0.500%, due 1/15/28 | 124,500 | 144,157 | ||||||
| 0.625%, due 1/15/24 | 90,600 | 116,291 | ||||||
| 0.625%, due 1/15/26 | 114,800 | 140,302 | ||||||
| 0.625%, due 7/15/32(a) | 74,400 | 71,414 | ||||||
| 0.625%, due 2/15/43 | 18,100 | 19,242 | ||||||
| 0.750%, due 7/15/28 | 110,300 | 127,219 | ||||||
| 0.750%, due 2/15/42 | 22,700 | 25,543 | ||||||
| 0.750%, due 2/15/45 | 28,100 | 29,335 | ||||||
| 0.875%, due 1/15/29 | 35,000 | 40,105 | ||||||
| 0.875%, due 2/15/47 | 18,200 | 18,795 | ||||||
| 1.000%, due 2/15/46 | 14,600 | 15,900 | ||||||
| 1.000%, due 2/15/48 | 13,500 | 13,985 | ||||||
| 1.000%, due 2/15/49 | 12,900 | 13,068 | ||||||
| 1.125%, due 1/15/33 | 74,500 | 72,672 | ||||||
| 1.250%, due 4/15/28 | 165,600 | 163,042 | ||||||
| 1.375%, due 7/15/33 | 27,000 | 26,545 | ||||||
| 1.375%, due 2/15/44 | 25,300 | 30,463 | ||||||
| 1.500%, due 2/15/53 | 13,600 | 13,189 | ||||||
| 1.625%, due 10/15/27 | 165,700 | 168,114 | ||||||
| 1.750%, due 1/15/28 | 43,800 | 63,042 | ||||||
| 2.000%, due 1/15/26 | 45,700 | 69,101 | ||||||
| 2.125%, due 2/15/40 | 9,300 | 13,828 | ||||||
| 2.125%, due 2/15/41 | 13,600 | 19,971 | ||||||
| 2.375%, due 1/15/25 | 67,300 | 107,339 | ||||||
| 2.375%, due 1/15/27 | 44,900 | 68,123 | ||||||
| 2.500%, due 1/15/29 | 15,300 | 22,413 | ||||||
| 3.375%, due 4/15/32 | 5,800 | 11,258 | ||||||
| 3.625%, due 4/15/28 | 34,900 | 70,553 | ||||||
| 3.875%, due 4/15/29 | 15,000 | 30,727 | ||||||
| 3,851,409 | ||||||||
| Total U.S. Treasury Inflation Indexed Bonds | ||||||||
| (Cost $4,277,836) | 3,851,409 | |||||||
| Shares | ||||||||
| Common Stocks — 30.2% | ||||||||
| Communication Services — 2.1% | ||||||||
| Activision Blizzard, Inc.* | 30 | 2,783 | ||||||
| Alphabet, Inc., Class A* | 235 | 31,189 | ||||||
| Alphabet, Inc., Class C* | 200 | 26,622 | ||||||
| AT&T, Inc. | 288 | 4,182 | ||||||
| Charter Communications, Inc., Class A* | 4 | 1,621 | ||||||
| Comcast Corp., Class A | 168 | 7,604 | ||||||
| Electronic Arts, Inc. | 11 | 1,500 | ||||||
| Fox Corp., Class A | 13 | 435 | ||||||
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Communication Services (continued) | ||||||||
| Fox Corp., Class B | 8 | $ | 251 | |||||
| Liberty Broadband Corp., Class A* | 2 | 178 | ||||||
| Liberty Broadband Corp., Class C* | 5 | 446 | ||||||
| Liberty Media Corp.-Liberty Formula One, Class A* | 1 | 64 | ||||||
| Liberty Media Corp.-Liberty Formula One, Class C* | 7 | 508 | ||||||
| Liberty Media Corp.-Liberty SiriusXM* | 8 | 255 | ||||||
| Liberty Media Corp.-Liberty SiriusXM, Class A* | 2 | 63 | ||||||
| Live Nation Entertainment, Inc.* | 6 | 526 | ||||||
| Match Group, Inc.* | 12 | 558 | ||||||
| Meta Platforms, Inc., Class A* | 88 | 28,037 | ||||||
| Netflix, Inc.* | 17 | 7,462 | ||||||
| Omnicom Group, Inc. | 7 | 592 | ||||||
| Paramount Global, Class A | 1 | 19 | ||||||
| Paramount Global, Class B(a) | 25 | 401 | ||||||
| Pinterest, Inc., Class A* | 22 | 638 | ||||||
| ROBLOX Corp., Class A* | 13 | 510 | ||||||
| Sirius XM Holdings, Inc.(a) | 35 | 179 | ||||||
| Snap, Inc., Class A* | 39 | 443 | ||||||
| Spotify Technology SA* | 5 | 747 | ||||||
| Take-Two Interactive Software, Inc.* | 7 | 1,071 | ||||||
| T-Mobile US, Inc.* | 24 | 3,306 | ||||||
| Trade Desk, Inc. (The), Class A* | 18 | 1,643 | ||||||
| Verizon Communications, Inc. | 156 | 5,316 | ||||||
| Walt Disney Co. (The)* | 72 | 6,400 | ||||||
| Warner Bros Discovery, Inc.* | 91 | 1,189 | ||||||
| Warner Music Group Corp., Class A | 3 | 95 | ||||||
| Total Communication Services | 136,833 | |||||||
| Consumer Discretionary — 2.5% | ||||||||
| Airbnb, Inc., Class A* | 15 | 2,283 | ||||||
| Amazon.com, Inc.* | 355 | 47,456 | ||||||
| Aptiv PLC* | 11 | 1,204 | ||||||
| AutoZone, Inc.* | 1 | 2,482 | ||||||
| Best Buy Co., Inc. | 8 | 664 | ||||||
| Booking Holdings, Inc.* | 1 | 2,971 | ||||||
| Carnival Corp.* | 34 | 641 | ||||||
| Chewy, Inc., Class A* | 2 | 68 | ||||||
| Chipotle Mexican Grill, Inc.* | 1 | 1,962 | ||||||
| Darden Restaurants, Inc.(a) | 5 | 845 | ||||||
| Domino’s Pizza, Inc. | 1 | 397 | ||||||
| DoorDash, Inc., Class A* | 13 | 1,180 | ||||||
| DR Horton, Inc. | 12 | 1,524 | ||||||
| eBay, Inc. | 22 | 979 | ||||||
| Etsy, Inc.* | 5 | 508 | ||||||
| Expedia Group, Inc.* | 6 | 735 | ||||||
| Ford Motor Co. | 155 | 2,047 | ||||||
| Garmin Ltd. | 7 | 741 | ||||||
| General Motors Co. | 53 | 2,034 | ||||||
| Genuine Parts Co. | 5 | 779 | ||||||
| Hilton Worldwide Holdings, Inc. | 10 | 1,555 | ||||||
| Home Depot, Inc. (The) | 40 | 13,354 | ||||||
| Las Vegas Sands Corp.* | 16 | 957 | ||||||
| Lennar Corp., Class A | 10 | 1,268 | ||||||
| Lennar Corp., Class B(a) | 2 | 230 | ||||||
| Lowe’s Cos., Inc. | 24 | 5,622 | ||||||
| Lucid Group, Inc.*(a) | 25 | 190 | ||||||
| Lululemon Athletica, Inc.* | 5 | 1,893 | ||||||
| Marriott International, Inc., Class A | 11 | 2,220 | ||||||
| McDonald’s Corp. | 29 | 8,503 | ||||||
| MGM Resorts International | 12 | 609 | ||||||
| NIKE, Inc., Class B | 49 | 5,409 | ||||||
| O’Reilly Automotive, Inc.* | 2 | 1,852 | ||||||
| Rivian Automotive, Inc., Class A* | 27 | 746 | ||||||
| Ross Stores, Inc. | 13 | 1,490 | ||||||
Schedule of Investments ─ IQ Real Return ETF (continued)
July 31, 2023 (unaudited)
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Consumer Discretionary (continued) | ||||||||
| Royal Caribbean Cruises Ltd.* | 9 | $ | 982 | |||||
| Starbucks Corp. | 45 | 4,571 | ||||||
| Tesla, Inc.* | 109 | 29,150 | ||||||
| TJX Cos., Inc. (The) | 47 | 4,067 | ||||||
| Tractor Supply Co. | 4 | 896 | ||||||
| Ulta Beauty, Inc.* | 2 | 890 | ||||||
| VF Corp. | 17 | 337 | ||||||
| Yum! Brands, Inc. | 11 | 1,514 | ||||||
| Total Consumer Discretionary | 159,805 | |||||||
| Consumer Staples — 1.5% | ||||||||
| Altria Group, Inc. | 71 | 3,225 | ||||||
| Archer-Daniels-Midland Co. | 21 | 1,784 | ||||||
| Brown-Forman Corp., Class A | 3 | 216 | ||||||
| Brown-Forman Corp., Class B | 13 | 918 | ||||||
| Campbell Soup Co. | 8 | 367 | ||||||
| Church & Dwight Co., Inc. | 11 | 1,052 | ||||||
| Clorox Co. (The) | 5 | 757 | ||||||
| Coca-Cola Co. (The) | 154 | 9,537 | ||||||
| Colgate-Palmolive Co. | 33 | 2,517 | ||||||
| Conagra Brands, Inc. | 22 | 722 | ||||||
| Constellation Brands, Inc., Class A | 6 | 1,637 | ||||||
| Costco Wholesale Corp. | 18 | 10,092 | ||||||
| Dollar General Corp. | 9 | 1,520 | ||||||
| Dollar Tree, Inc.* | 8 | 1,235 | ||||||
| Estee Lauder Cos., Inc. (The), Class A | 8 | 1,440 | ||||||
| General Mills, Inc. | 23 | 1,719 | ||||||
| Hershey Co. (The) | 6 | 1,388 | ||||||
| Hormel Foods Corp. | 12 | 491 | ||||||
| J M Smucker Co. (The) | 3 | 452 | ||||||
| Kellogg Co. | 10 | 669 | ||||||
| Keurig Dr Pepper, Inc. | 38 | 1,292 | ||||||
| Kimberly-Clark Corp. | 13 | 1,678 | ||||||
| Kraft Heinz Co. (The) | 31 | 1,122 | ||||||
| Kroger Co. (The) | 27 | 1,313 | ||||||
| McCormick & Co., Inc. | 11 | 984 | ||||||
| Mondelez International, Inc., Class A | 54 | 4,003 | ||||||
| Monster Beverage Corp.* | 31 | 1,782 | ||||||
| PepsiCo, Inc. | 55 | 10,310 | ||||||
| Philip Morris International, Inc. | 62 | 6,183 | ||||||
| Procter & Gamble Co. (The) | 93 | 14,536 | ||||||
| Sysco Corp. | 20 | 1,526 | ||||||
| Target Corp. | 18 | 2,456 | ||||||
| Tyson Foods, Inc., Class A | 12 | 669 | ||||||
| Walgreens Boots Alliance, Inc. | 30 | 899 | ||||||
| Walmart, Inc. | 56 | 8,952 | ||||||
| Total Consumer Staples | 99,443 | |||||||
| Energy — 2.0% | ||||||||
| Baker Hughes Co. | 80 | 2,863 | ||||||
| Cheniere Energy, Inc. | 19 | 3,075 | ||||||
| Chevron Corp. | 137 | 22,422 | ||||||
| ConocoPhillips | 96 | 11,301 | ||||||
| Coterra Energy, Inc. | 60 | 1,653 | ||||||
| Devon Energy Corp. | 52 | 2,808 | ||||||
| Diamondback Energy, Inc. | 14 | 2,063 | ||||||
| EOG Resources, Inc. | 46 | 6,096 | ||||||
| EQT Corp. | 29 | 1,223 | ||||||
| Exxon Mobil Corp. | 321 | 34,424 | ||||||
| Halliburton Co. | 66 | 2,579 | ||||||
| Hess Corp. | 22 | 3,338 | ||||||
| Kinder Morgan, Inc. | 158 | 2,798 | ||||||
| Marathon Oil Corp. | 53 | 1,392 | ||||||
| Marathon Petroleum Corp. | 35 | 4,656 | ||||||
| Occidental Petroleum Corp. | 54 | 3,409 | ||||||
| ONEOK, Inc. | 36 | 2,414 | ||||||
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Energy (continued) | ||||||||
| Phillips 66 | 37 | $ | 4,127 | |||||
| Pioneer Natural Resources Co. | 18 | 4,062 | ||||||
| Schlumberger NV | 114 | 6,651 | ||||||
| Targa Resources Corp. | 18 | 1,476 | ||||||
| Valero Energy Corp. | 29 | 3,738 | ||||||
| Williams Cos., Inc. (The) | 96 | 3,307 | ||||||
| Total Energy | 131,875 | |||||||
| Financials — 5.1% | ||||||||
| Aflac, Inc. | 45 | 3,255 | ||||||
| Allstate Corp. (The) | 20 | 2,254 | ||||||
| American Express Co. | 43 | 7,262 | ||||||
| American International Group, Inc. | 59 | 3,556 | ||||||
| Ameriprise Financial, Inc. | 8 | 2,788 | ||||||
| Aon PLC, Class A | 15 | 4,777 | ||||||
| Apollo Global Management, Inc. | 29 | 2,370 | ||||||
| Arch Capital Group Ltd.* | 28 | 2,175 | ||||||
| Ares Management Corp., Class A | 13 | 1,290 | ||||||
| Arthur J Gallagher & Co. | 17 | 3,652 | ||||||
| Bank of America Corp. | 550 | 17,600 | ||||||
| Bank of New York Mellon Corp. (The) | 61 | 2,767 | ||||||
| Berkshire Hathaway, Inc., Class B* | 100 | 35,196 | ||||||
| BlackRock, Inc. | 11 | 8,127 | ||||||
| Blackstone, Inc. | 57 | 5,973 | ||||||
| Block, Inc.* | 21 | 1,691 | ||||||
| Blue Owl Capital, Inc. | 37 | 456 | ||||||
| Brown & Brown, Inc. | 19 | 1,339 | ||||||
| Capital One Financial Corp. | 30 | 3,511 | ||||||
| Charles Schwab Corp. (The) | 119 | 7,866 | ||||||
| Chubb Ltd. | 33 | 6,746 | ||||||
| Cincinnati Financial Corp. | 12 | 1,291 | ||||||
| Citigroup, Inc. | 152 | 7,244 | ||||||
| Citizens Financial Group, Inc. | 39 | 1,258 | ||||||
| CME Group, Inc. | 28 | 5,571 | ||||||
| Coinbase Global, Inc., Class A* | 11 | 1,085 | ||||||
| Corebridge Financial, Inc. | 7 | 131 | ||||||
| Discover Financial Services | 20 | 2,111 | ||||||
| FactSet Research Systems, Inc. | 2 | 870 | ||||||
| Fidelity National Information Services, Inc. | 23 | 1,389 | ||||||
| Fifth Third Bancorp | 54 | 1,571 | ||||||
| Fiserv, Inc.* | 23 | 2,903 | ||||||
| FleetCor Technologies, Inc.* | 2 | 498 | ||||||
| Franklin Resources, Inc.(a) | 27 | 789 | ||||||
| Global Payments, Inc. | 11 | 1,213 | ||||||
| Goldman Sachs Group, Inc. (The) | 26 | 9,253 | ||||||
| Hartford Financial Services Group, Inc. (The) | 25 | 1,797 | ||||||
| Huntington Bancshares, Inc. | 119 | 1,457 | ||||||
| Interactive Brokers Group, Inc., Class A | 7 | 611 | ||||||
| Intercontinental Exchange, Inc. | 44 | 5,051 | ||||||
| JPMorgan Chase & Co. | 230 | 36,331 | ||||||
| KeyCorp | 75 | 923 | ||||||
| KKR & Co., Inc. | 52 | 3,088 | ||||||
| Loews Corp. | 15 | 940 | ||||||
| LPL Financial Holdings, Inc. | 6 | 1,376 | ||||||
| M&T Bank Corp. | 13 | 1,818 | ||||||
| Markel Group, Inc.* | 1 | 1,450 | ||||||
| Marsh & McLennan Cos., Inc. | 39 | 7,348 | ||||||
| Mastercard, Inc., Class A | 33 | 13,011 | ||||||
| MetLife, Inc. | 48 | 3,023 | ||||||
| Moody’s Corp. | 6 | 2,116 | ||||||
| Morgan Stanley | 101 | 9,248 | ||||||
| MSCI, Inc. | 3 | 1,644 | ||||||
| Nasdaq, Inc. | 31 | 1,565 | ||||||
| Northern Trust Corp. | 17 | 1,362 | ||||||
| PayPal Holdings, Inc.* | 45 | 3,412 | ||||||
| PNC Financial Services Group, Inc. (The) | 31 | 4,244 | ||||||
Schedule of Investments ─ IQ Real Return ETF (continued)
July 31, 2023 (unaudited)
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Financials (continued) | ||||||||
| Principal Financial Group, Inc. | 20 | $ | 1,597 | |||||
| Progressive Corp. (The) | 46 | 5,795 | ||||||
| Prudential Financial, Inc. | 29 | 2,798 | ||||||
| Raymond James Financial, Inc. | 15 | 1,651 | ||||||
| Regions Financial Corp. | 79 | 1,609 | ||||||
| Rocket Cos., Inc., Class A* | 13 | 142 | ||||||
| S&P Global, Inc. | 13 | 5,129 | ||||||
| State Street Corp. | 25 | 1,811 | ||||||
| Synchrony Financial | 36 | 1,243 | ||||||
| T Rowe Price Group, Inc. | 17 | 2,095 | ||||||
| Tradeweb Markets, Inc., Class A | 7 | 572 | ||||||
| Travelers Cos., Inc. (The) | 18 | 3,107 | ||||||
| Truist Financial Corp. | 106 | 3,521 | ||||||
| US Bancorp | 118 | 4,682 | ||||||
| Visa, Inc., Class A(a) | 64 | 15,215 | ||||||
| W R Berkley Corp. | 16 | 987 | ||||||
| Wells Fargo & Co. | 298 | 13,756 | ||||||
| Willis Towers Watson PLC | 8 | 1,691 | ||||||
| Total Financials | 331,044 | |||||||
| Health Care — 3.1% | ||||||||
| Abbott Laboratories | 69 | 7,682 | ||||||
| AbbVie, Inc. | 70 | 10,471 | ||||||
| Agilent Technologies, Inc. | 12 | 1,461 | ||||||
| Align Technology, Inc.* | 2 | 756 | ||||||
| Alnylam Pharmaceuticals, Inc.* | 5 | 977 | ||||||
| AmerisourceBergen Corp. | 7 | 1,308 | ||||||
| Amgen, Inc. | 21 | 4,917 | ||||||
| Avantor, Inc.* | 22 | 453 | ||||||
| Baxter International, Inc. | 22 | 995 | ||||||
| Becton Dickinson and Co. | 11 | 3,065 | ||||||
| Biogen, Inc.* | 6 | 1,621 | ||||||
| BioMarin Pharmaceutical, Inc.* | 7 | 616 | ||||||
| Bio-Rad Laboratories, Inc., Class A* | 1 | 405 | ||||||
| Boston Scientific Corp.* | 58 | 3,007 | ||||||
| Bristol-Myers Squibb Co. | 84 | 5,224 | ||||||
| Cardinal Health, Inc. | 10 | 915 | ||||||
| Centene Corp.* | 22 | 1,498 | ||||||
| Cigna Corp. | 12 | 3,541 | ||||||
| Cooper Cos., Inc. (The) | 2 | 783 | ||||||
| CVS Health Corp. | 51 | 3,809 | ||||||
| Danaher Corp. | 27 | 6,887 | ||||||
| Dexcom, Inc.* | 15 | 1,868 | ||||||
| Edwards Lifesciences Corp.* | 24 | 1,970 | ||||||
| Elevance Health, Inc. | 9 | 4,245 | ||||||
| Eli Lilly & Co. | 34 | 15,455 | ||||||
| Fortrea Holdings, Inc.* | 3 | 96 | ||||||
| GE HealthCare Technologies, Inc. | 15 | 1,170 | ||||||
| Gilead Sciences, Inc. | 49 | 3,731 | ||||||
| HCA Healthcare, Inc. | 8 | 2,182 | ||||||
| Hologic, Inc.* | 10 | 794 | ||||||
| Horizon Therapeutics PLC* | 9 | 902 | ||||||
| Humana, Inc. | 5 | 2,284 | ||||||
| ICON PLC* | 3 | 754 | ||||||
| IDEXX Laboratories, Inc.* | 3 | 1,664 | ||||||
| Illumina, Inc.* | 6 | 1,153 | ||||||
| Incyte Corp.* | 7 | 446 | ||||||
| Insulet Corp.* | 2 | 553 | ||||||
| Intuitive Surgical, Inc.* | 14 | 4,542 | ||||||
| IQVIA Holdings, Inc.* | 7 | 1,566 | ||||||
| Johnson & Johnson | 103 | 17,256 | ||||||
| Laboratory Corp. of America Holdings | 3 | 642 | ||||||
| McKesson Corp. | 5 | 2,012 | ||||||
| Medtronic PLC | 54 | 4,739 | ||||||
| Merck & Co., Inc. | 100 | 10,665 | ||||||
| Mettler-Toledo International, Inc.* | 1 | 1,257 | ||||||
| Moderna, Inc.* | 13 | 1,530 | ||||||
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Health Care (continued) | ||||||||
| Molina Healthcare, Inc.* | 2 | $ | 609 | |||||
| Pfizer, Inc. | 227 | 8,186 | ||||||
| Quest Diagnostics, Inc. | 4 | 541 | ||||||
| Regeneron Pharmaceuticals, Inc.* | 4 | 2,968 | ||||||
| ResMed, Inc. | 6 | 1,334 | ||||||
| Revvity, Inc. | 5 | 615 | ||||||
| Royalty Pharma PLC, Class A | 13 | 408 | ||||||
| Seagen, Inc.* | 6 | 1,151 | ||||||
| STERIS PLC | 4 | 902 | ||||||
| Stryker Corp. | 13 | 3,684 | ||||||
| Teleflex, Inc. | 2 | 502 | ||||||
| Thermo Fisher Scientific, Inc. | 15 | 8,230 | ||||||
| UnitedHealth Group, Inc. | 37 | 18,736 | ||||||
| Veeva Systems, Inc., Class A* | 6 | 1,225 | ||||||
| Vertex Pharmaceuticals, Inc.* | 10 | 3,523 | ||||||
| Waters Corp.* | 2 | 552 | ||||||
| West Pharmaceutical Services, Inc. | 3 | 1,104 | ||||||
| Zimmer Biomet Holdings, Inc. | 8 | 1,105 | ||||||
| Zoetis, Inc. | 17 | 3,198 | ||||||
| Total Health Care | 202,440 | |||||||
| Industrials — 3.7% | ||||||||
| 3M Co. | 44 | 4,906 | ||||||
| AMETEK, Inc. | 18 | 2,855 | ||||||
| Automatic Data Processing, Inc. | 16 | 3,956 | ||||||
| Boeing Co. (The)* | 48 | 11,465 | ||||||
| Broadridge Financial Solutions, Inc. | 5 | 840 | ||||||
| Carrier Global Corp. | 66 | 3,930 | ||||||
| Caterpillar, Inc. | 41 | 10,872 | ||||||
| Cintas Corp. | 7 | 3,514 | ||||||
| Copart, Inc.* | 18 | 1,591 | ||||||
| CSX Corp. | 163 | 5,431 | ||||||
| Cummins, Inc. | 11 | 2,869 | ||||||
| Deere & Co. | 22 | 9,451 | ||||||
| Delta Air Lines, Inc. | 13 | 601 | ||||||
| Dover Corp. | 11 | 1,606 | ||||||
| Eaton Corp. PLC | 31 | 6,365 | ||||||
| Emerson Electric Co. | 46 | 4,202 | ||||||
| Equifax, Inc. | 5 | 1,020 | ||||||
| Expeditors International of Washington, Inc. | 12 | 1,528 | ||||||
| Fastenal Co. | 46 | 2,696 | ||||||
| FedEx Corp. | 18 | 4,859 | ||||||
| Ferguson PLC | 16 | 2,586 | ||||||
| Fortive Corp. | 28 | 2,194 | ||||||
| General Dynamics Corp. | 19 | 4,248 | ||||||
| General Electric Co. | 86 | 9,825 | ||||||
| Grab Holdings Ltd., Class A* | 111 | 425 | ||||||
| HEICO Corp. | 3 | 528 | ||||||
| HEICO Corp., Class A | 6 | 842 | ||||||
| Honeywell International, Inc. | 53 | 10,289 | ||||||
| Howmet Aerospace, Inc. | 32 | 1,636 | ||||||
| IDEX Corp. | 6 | 1,355 | ||||||
| Illinois Tool Works, Inc. | 22 | 5,793 | ||||||
| Ingersoll Rand, Inc. | 32 | 2,089 | ||||||
| Jacobs Solutions, Inc. | 10 | 1,254 | ||||||
| JB Hunt Transport Services, Inc. | 7 | 1,428 | ||||||
| Johnson Controls International PLC | 55 | 3,825 | ||||||
| L3Harris Technologies, Inc. | 15 | 2,842 | ||||||
| Leidos Holdings, Inc. | 6 | 561 | ||||||
| Lockheed Martin Corp. | 20 | 8,927 | ||||||
| Masco Corp. | 9 | 546 | ||||||
| Norfolk Southern Corp. | 18 | 4,205 | ||||||
| Northrop Grumman Corp. | 11 | 4,895 | ||||||
| Old Dominion Freight Line, Inc. | 8 | 3,356 | ||||||
| Otis Worldwide Corp. | 33 | 3,002 | ||||||
| PACCAR, Inc. | 42 | 3,617 | ||||||
| Parker-Hannifin Corp. | 10 | 4,100 | ||||||
Schedule of Investments ─ IQ Real Return ETF (continued)
July 31, 2023 (unaudited)
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Industrials (continued) | ||||||||
| Paychex, Inc. | 13 | $ | 1,631 | |||||
| Paycom Software, Inc. | 2 | 737 | ||||||
| Quanta Services, Inc. | 11 | 2,218 | ||||||
| Republic Services, Inc. | 16 | 2,418 | ||||||
| Rockwell Automation, Inc. | 9 | 3,027 | ||||||
| Rollins, Inc. | 20 | 817 | ||||||
| RTX Corp. | 116 | 10,200 | ||||||
| Southwest Airlines Co.(a) | 11 | 376 | ||||||
| SS&C Technologies Holdings, Inc. | 9 | 524 | ||||||
| Stanley Black & Decker, Inc. | 12 | 1,191 | ||||||
| Trane Technologies PLC | 18 | 3,590 | ||||||
| TransDigm Group, Inc. | 4 | 3,599 | ||||||
| TransUnion | 8 | 638 | ||||||
| Uber Technologies, Inc.* | 78 | 3,858 | ||||||
| Union Pacific Corp. | 48 | 11,137 | ||||||
| United Airlines Holdings, Inc.* | 6 | 326 | ||||||
| United Parcel Service, Inc., Class B | 57 | 10,666 | ||||||
| United Rentals, Inc. | 5 | 2,323 | ||||||
| Verisk Analytics, Inc. | 6 | 1,374 | ||||||
| Waste Management, Inc. | 32 | 5,241 | ||||||
| Westinghouse Air Brake Technologies Corp. | 14 | 1,658 | ||||||
| WW Grainger, Inc. | 4 | 2,954 | ||||||
| Xylem, Inc. | 15 | 1,691 | ||||||
| Total Industrials | 241,119 | |||||||
| Information Technology — 7.0% | ||||||||
| Accenture PLC, Class A | 26 | 8,225 | ||||||
| Adobe, Inc.* | 18 | 9,831 | ||||||
| Advanced Micro Devices, Inc.* | 64 | 7,322 | ||||||
| Akamai Technologies, Inc.* | 7 | 662 | ||||||
| Amphenol Corp., Class A | 47 | 4,151 | ||||||
| Analog Devices, Inc. | 20 | 3,991 | ||||||
| ANSYS, Inc.* | 3 | 1,026 | ||||||
| Apple, Inc. | 590 | 115,906 | ||||||
| Applied Materials, Inc. | 33 | 5,002 | ||||||
| Arista Networks, Inc.* | 9 | 1,396 | ||||||
| Atlassian Corp., Class A* | 6 | 1,092 | ||||||
| Autodesk, Inc.* | 8 | 1,696 | ||||||
| Broadcom, Inc. | 16 | 14,378 | ||||||
| Cadence Design Systems, Inc.* | 11 | 2,574 | ||||||
| CDW Corp. | 5 | 935 | ||||||
| Cisco Systems, Inc. | 151 | 7,858 | ||||||
| Cloudflare, Inc., Class A*(a) | 11 | 756 | ||||||
| Cognizant Technology Solutions Corp., Class A | 21 | 1,387 | ||||||
| Corning, Inc. | 30 | 1,018 | ||||||
| Crowdstrike Holdings, Inc., Class A* | 9 | 1,455 | ||||||
| Datadog, Inc., Class A* | 11 | 1,284 | ||||||
| Dell Technologies, Inc., Class C | 12 | 635 | ||||||
| DocuSign, Inc.* | 8 | 431 | ||||||
| Enphase Energy, Inc.* | 11 | 1,670 | ||||||
| EPAM Systems, Inc.* | 2 | 474 | ||||||
| Fair Isaac Corp.* | 1 | 838 | ||||||
| First Solar, Inc.* | 8 | 1,659 | ||||||
| Fortinet, Inc.* | 26 | 2,021 | ||||||
| Gartner, Inc.* | 3 | 1,061 | ||||||
| GLOBALFOUNDRIES, Inc.* | 2 | 127 | ||||||
| Hewlett Packard Enterprise Co. | 57 | 991 | ||||||
| HP, Inc. | 35 | 1,149 | ||||||
| HubSpot, Inc.* | 2 | 1,161 | ||||||
| Intel Corp. | 168 | 6,009 | ||||||
| International Business Machines Corp. | 36 | 5,190 | ||||||
| Intuit, Inc. | 11 | 5,629 | ||||||
| Keysight Technologies, Inc.* | 14 | 2,255 | ||||||
| KLA Corp. | 5 | 2,570 | ||||||
| Lam Research Corp. | 5 | 3,592 | ||||||
| Marvell Technology, Inc. | 34 | 2,214 | ||||||
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Information Technology (continued) | ||||||||
| Microchip Technology, Inc. | 22 | $ | 2,067 | |||||
| Micron Technology, Inc. | 44 | 3,141 | ||||||
| Microsoft Corp. | 295 | 99,096 | ||||||
| MongoDB, Inc.* | 3 | 1,270 | ||||||
| Monolithic Power Systems, Inc. | 2 | 1,119 | ||||||
| Motorola Solutions, Inc. | 7 | 2,006 | ||||||
| NetApp, Inc. | 9 | 702 | ||||||
| NVIDIA Corp. | 94 | 43,925 | ||||||
| NXP Semiconductors NV | 10 | 2,230 | ||||||
| Okta, Inc.* | 6 | 461 | ||||||
| ON Semiconductor Corp.* | 17 | 1,832 | ||||||
| Oracle Corp. | 61 | 7,151 | ||||||
| Palantir Technologies, Inc., Class A* | 72 | 1,428 | ||||||
| Palo Alto Networks, Inc.*(a) | 12 | 3,000 | ||||||
| QUALCOMM, Inc. | 44 | 5,815 | ||||||
| Roper Technologies, Inc. | 4 | 1,972 | ||||||
| Salesforce, Inc.* | 38 | 8,550 | ||||||
| Seagate Technology Holdings PLC | 8 | 508 | ||||||
| ServiceNow, Inc.* | 8 | 4,664 | ||||||
| Skyworks Solutions, Inc. | 7 | 801 | ||||||
| Snowflake, Inc., Class A* | 11 | 1,955 | ||||||
| SolarEdge Technologies, Inc.* | 4 | 966 | ||||||
| Splunk, Inc.* | 7 | 758 | ||||||
| Synopsys, Inc.* | 6 | 2,711 | ||||||
| TE Connectivity Ltd. | 25 | 3,587 | ||||||
| Teledyne Technologies, Inc.* | 2 | 769 | ||||||
| Teradyne, Inc. | 7 | 791 | ||||||
| Texas Instruments, Inc. | 36 | 6,480 | ||||||
| Trimble, Inc.* | 22 | 1,184 | ||||||
| Tyler Technologies, Inc.*(a) | 2 | 793 | ||||||
| Unity Software, Inc.* | 8 | 367 | ||||||
| VeriSign, Inc.* | 4 | 844 | ||||||
| VMware, Inc., Class A* | 9 | 1,419 | ||||||
| Western Digital Corp.* | 13 | 553 | ||||||
| Workday, Inc., Class A* | 8 | 1,897 | ||||||
| Zebra Technologies Corp., Class A* | 2 | 616 | ||||||
| Zoom Video Communications, Inc., Class A* | 8 | 587 | ||||||
| Zscaler, Inc.* | 3 | 481 | ||||||
| Total Information Technology | 450,117 | |||||||
| Materials — 0.9% | ||||||||
| Air Products and Chemicals, Inc. | 18 | 5,496 | ||||||
| Albemarle Corp. | 9 | 1,911 | ||||||
| Amcor PLC | 127 | 1,303 | ||||||
| Ball Corp. | 25 | 1,467 | ||||||
| Celanese Corp. | 8 | 1,003 | ||||||
| CF Industries Holdings, Inc. | 15 | 1,231 | ||||||
| Corteva, Inc. | 55 | 3,104 | ||||||
| Dow, Inc. | 57 | 3,219 | ||||||
| DuPont de Nemours, Inc. | 34 | 2,639 | ||||||
| Ecolab, Inc. | 20 | 3,663 | ||||||
| FMC Corp. | 10 | 962 | ||||||
| Freeport-McMoRan, Inc. | 115 | 5,135 | ||||||
| International Flavors & Fragrances, Inc. | 20 | 1,692 | ||||||
| International Paper Co. | 31 | 1,118 | ||||||
| LyondellBasell Industries NV, Class A | 20 | 1,977 | ||||||
| Martin Marietta Materials, Inc. | 5 | 2,232 | ||||||
| Mosaic Co. (The) | 27 | 1,101 | ||||||
| Newmont Corp. | 63 | 2,704 | ||||||
| Nucor Corp. | 20 | 3,442 | ||||||
| PPG Industries, Inc. | 19 | 2,734 | ||||||
| Sherwin-Williams Co. (The) | 19 | 5,253 | ||||||
| Steel Dynamics, Inc. | 14 | 1,492 | ||||||
| Vulcan Materials Co. | 10 | 2,205 | ||||||
| Total Materials | 57,083 | |||||||
Schedule of Investments ─ IQ Real Return ETF (continued)
July 31, 2023 (unaudited)
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Real Estate — 1.1% | ||||||||
| Alexandria Real Estate Equities, Inc. | 14 | $ | 1,760 | |||||
| American Tower Corp. | 37 | 7,041 | ||||||
| AvalonBay Communities, Inc. | 11 | 2,075 | ||||||
| CBRE Group, Inc., Class A* | 24 | 1,999 | ||||||
| CoStar Group, Inc.* | 16 | 1,344 | ||||||
| Crown Castle, Inc. | 35 | 3,790 | ||||||
| Digital Realty Trust, Inc. | 23 | 2,866 | ||||||
| Equinix, Inc. | 7 | 5,669 | ||||||
| Equity Residential | 30 | 1,978 | ||||||
| Essex Property Trust, Inc. | 5 | 1,218 | ||||||
| Extra Space Storage, Inc. | 11 | 1,535 | ||||||
| Healthpeak Properties, Inc. | 46 | 1,004 | ||||||
| Invitation Homes, Inc. | 49 | 1,739 | ||||||
| Mid-America Apartment Communities, Inc. | 9 | 1,347 | ||||||
| Prologis, Inc. | 73 | 9,107 | ||||||
| Public Storage | 13 | 3,663 | ||||||
| Realty Income Corp. | 52 | 3,170 | ||||||
| SBA Communications Corp. | 8 | 1,752 | ||||||
| Simon Property Group, Inc. | 25 | 3,115 | ||||||
| Sun Communities, Inc. | 10 | 1,303 | ||||||
| UDR, Inc. | 28 | 1,145 | ||||||
| Ventas, Inc. | 33 | 1,601 | ||||||
| VICI Properties, Inc. | 79 | 2,487 | ||||||
| Welltower, Inc. | 40 | 3,286 | ||||||
| Weyerhaeuser Co. | 59 | 2,010 | ||||||
| WP Carey, Inc. | 18 | 1,216 | ||||||
| Total Real Estate | 69,220 | |||||||
| Utilities — 1.2% | ||||||||
| AES Corp. (The) | 52 | 1,125 | ||||||
| Alliant Energy Corp. | 20 | 1,075 | ||||||
| Ameren Corp. | 21 | 1,799 | ||||||
| American Electric Power Co., Inc. | 41 | 3,474 | ||||||
| American Water Works Co., Inc. | 15 | 2,211 | ||||||
| Atmos Energy Corp. | 11 | 1,339 | ||||||
| Avangrid, Inc. | 8 | 297 | ||||||
| CenterPoint Energy, Inc. | 50 | 1,504 | ||||||
| CMS Energy Corp. | 22 | 1,344 | ||||||
| Consolidated Edison, Inc. | 28 | 2,656 | ||||||
| Constellation Energy Corp. | 26 | 2,513 | ||||||
| Dominion Energy, Inc. | 66 | 3,534 | ||||||
| DTE Energy Co. | 14 | 1,600 | ||||||
| Duke Energy Corp. | 62 | 5,804 | ||||||
| Edison International | 30 | 2,159 | ||||||
| Entergy Corp. | 18 | 1,849 | ||||||
| Evergy, Inc. | 18 | 1,079 | ||||||
| Eversource Energy | 27 | 1,953 | ||||||
| Exelon Corp. | 78 | 3,265 | ||||||
| FirstEnergy Corp. | 43 | 1,694 | ||||||
| NextEra Energy, Inc. | 160 | 11,728 | ||||||
| PG&E Corp.* | 143 | 2,518 | ||||||
| PPL Corp. | 57 | 1,569 | ||||||
| Public Service Enterprise Group, Inc. | 39 | 2,462 | ||||||
| Sempra | 25 | 3,726 | ||||||
| Southern Co. (The) | 87 | 6,294 | ||||||
| WEC Energy Group, Inc. | 26 | 2,336 | ||||||
| Xcel Energy, Inc. | 44 | 2,760 | ||||||
| Total Utilities | 75,667 | |||||||
| Total Common Stocks | ||||||||
| (Cost $1,890,999) | 1,954,646 | |||||||
| Investment Companies — 10.1% | ||||||||
| Commodity Funds — 10.1% | ||||||||
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 17,535 | 259,343 | ||||||
| Shares | Value | |||||||
| Investment Companies (continued) | ||||||||
| Commodity Funds (continued) | ||||||||
| iShares GSCI Commodity Dynamic Roll Strategy ETF | 13,772 | $ | 391,538 | |||||
| Total Commodity Funds | 650,881 | |||||||
| Total Investment Companies | ||||||||
| (Cost $771,804) | 650,881 | |||||||
| Short-Term Investments — 2.9% | ||||||||
| Money Market Funds — 2.9% | ||||||||
| Dreyfus Government Cash Management Fund, Institutional Shares, 5.20%(b)(c) | 51,716 | 51,716 | ||||||
| Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 5.30%(b) | 131,980 | 131,980 | ||||||
| Total Short-Term Investments | ||||||||
| (Cost $183,696) | 183,696 | |||||||
| Total Investments — 102.7% | ||||||||
| (Cost $7,124,335) | 6,640,632 | |||||||
| Other Assets and Liabilities, Net — (2.7)% | (173,165 | ) | ||||||
| Net Assets — 100.0% | $ | 6,467,467 | ||||||
1
| * | 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 $300,573; total market value of collateral held by the Fund was $306,578. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $254,862. |
| (b) | Reflects the 1-day yield at July 31, 2023. |
| (c) | Represents security purchased with cash collateral received for securities on loan. |
Schedule of Investments ─ IQ Real Return ETF (continued)
July 31, 2023 (unaudited)
| The following is a summary of the inputs used to value the Fund’s investments as of July 31, 2023. 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:(d) | ||||||||||||||||
| U.S. Treasury Inflation Indexed Bonds | $ | – | $ | 3,851,409 | $ | – | $ | 3,851,409 | ||||||||
| Common Stocks | 1,954,646 | – | – | 1,954,646 | ||||||||||||
| Investment Companies | 650,881 | – | – | 650,881 | ||||||||||||
| Short-Term Investments: | ||||||||||||||||
| Money Market Funds | 183,696 | – | – | 183,696 | ||||||||||||
| Total Investments in Securities | $ | 2,789,223 | $ | 3,851,409 | $ | – | $ | 6,640,632 | ||||||||
| (d) | For a complete listing of investments and their industries, see the Schedule of Investments. |
For the period ended July 31, 2023, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.