Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Long - Term Bonds 98.0% | ||||||||
| Collateralized Mortgage Obligations — 2.3% | ||||||||
| Mortgage Securities — 2.3% | ||||||||
| Fannie Mae Connecticut Avenue Securities | ||||||||
| Series 2017-C07 1B1, 6.259%, (1-Month LIBOR + 4.00%), due 5/25/30(a) | $ | 100,000 | $ | 102,771 | ||||
| Series 2018-C01 1B1, 5.809%, (1-Month LIBOR + 3.55%), due 7/25/30(a) | 90,000 | 91,466 | ||||||
| Freddie Mac STACR REMIC Trust 2020-DNA6 | ||||||||
| Series 2020-DNA6 M2, 3.514%, (SOFR + 2.00%), due 12/25/50(a) | 97,188 | 96,401 | ||||||
| Freddie Mac STACR REMIC Trust 2021-HQA3 | ||||||||
| Series 2021-HQA3 M2, 3.614%, (SOFR + 2.10%), due 9/25/41(a) | 90,000 | 80,503 | ||||||
| Freddie Mac STACR REMIC Trust 2022-DNA3 | ||||||||
| Series 2022-DNA3 M1B, 4.414%, (SOFR + 2.90%), due 4/25/42(a) | 98,000 | 95,100 | ||||||
| Freddie Mac STACR Trust 2019-DNA2 | ||||||||
| Series 2019-DNA2 B1, 6.609%, (1-Month LIBOR + 4.35%), due 3/25/49(a) | 95,000 | 96,989 | ||||||
| Freddie Mac Strips | ||||||||
| Series 2013-311, 0.000%, due 8/15/43(d) | 18,663 | 15,104 | ||||||
| 578,334 | ||||||||
| Total Collateralized Mortgage Obligations | ||||||||
| (Cost $577,354) | 578,334 | |||||||
| Commercial Asset-Backed Securities — 3.9% | ||||||||
| Asset Backed Securities — 3.9% | ||||||||
| AmeriCredit Automobile Receivables Trust 2022-2 | ||||||||
| Series 2022-2 A3, 4.380%, due 4/18/28 | 115,000 | 116,120 | ||||||
| CF Hippolyta Issuer LLC | ||||||||
| Series 2020-1 A1, 1.690%, due 7/15/60 | 92,050 | 84,527 | ||||||
| Drive Auto Receivables Trust 2021-2 | ||||||||
| Series 2021-2 D, 1.390%, due 3/15/29 | 76,000 | 70,770 | ||||||
| Enterprise Fleet Financing 2022-2 LLC | ||||||||
| Series 2022-2 A3, 4.790%, due 5/21/29 | 100,000 | 102,157 | ||||||
| FirstKey Homes 2020-SFR2 Trust | ||||||||
| Series 2020-SFR2 A, 1.266%, due 10/19/37 | 119,096 | 111,109 | ||||||
| Flagship Credit Auto Trust 2020-3 | ||||||||
| Series 2020-3 D, 2.500%, due 9/15/26 | 115,000 | 110,043 | ||||||
| Hertz Vehicle Financing III LP | ||||||||
| Series 2021-2A C, 2.520%, due 12/27/27 | 140,000 | 122,348 | ||||||
| Hertz Vehicle Financing LLC | ||||||||
| Series 2021-1A A, 1.210%, due 12/26/25 | 100,000 | 93,601 | ||||||
| New Economy Assets Phase 1 Sponsor LLC | ||||||||
| Series 2021-1 A1, 1.910%, due 10/20/61 | 100,000 | 88,242 | ||||||
| Santander Drive Auto Receivables Trust 2021-4 | ||||||||
| Series 2021-4 D, 1.670%, due 10/15/27 | 100,000 | 93,769 | ||||||
| 992,686 | ||||||||
| Total Commercial Asset-Backed Securities | ||||||||
| (Cost $988,065) | 992,686 | |||||||
| Commercial Mortgage-Backed Securities — 3.7% | ||||||||
| Mortgage Securities — 3.7% | ||||||||
| BX Commercial Mortgage Trust 2020-VIV2 | ||||||||
| Series 2020-VIV2 C, 3.542%, due 3/9/44(a) (b) | 100,000 | 86,903 | ||||||
| BX Commercial Mortgage Trust 2020-VIVA | ||||||||
| Series 2020-VIVA D, 3.549%, due 3/11/44(a) (b) | 100,000 | 82,620 | ||||||
| BX Commercial Mortgage Trust 2021-ACNT | ||||||||
| Series 2021-ACNT B, 3.250%, (1-Month LIBOR + 1.25%), due 11/15/38(a) | 100,000 | 95,484 | ||||||
| BX Trust 2018-GW | ||||||||
| Series 2018-GW A, 2.799%, (1-Month LIBOR + 0.80%), due 5/15/35(a) | 100,000 | 97,232 | ||||||
| BX Trust 2021-ARIA | ||||||||
| Series 2021-ARIA E, 4.244%, (1-Month LIBOR + 2.24%), due 10/15/36(a) | 100,000 | 93,987 | ||||||
| BX Trust 2021-RISE | ||||||||
| Series 2021-RISE C, 3.449%, (1-Month LIBOR + 1.45%), due 11/15/36(a) | 100,000 | 94,731 | ||||||
| BXHPP Trust 2021-FILM | ||||||||
| Series 2021-FILM B, 2.899%, (1-Month LIBOR + 0.90%), due 8/15/36(a) | 130,000 | 119,840 | ||||||
| FREMF 2019-K99 Mortgage Trust | ||||||||
| Series 2019-K99 B, 3.645%, due 10/25/52(a) (b) | 100,000 | 94,801 | ||||||
| One Bryant Park Trust 2019-OBP | ||||||||
| Series 2019-OBP A, 2.516%, due 9/15/54 | 100,000 | 88,455 | ||||||
| SLG Office Trust 2021-OVA | ||||||||
| Series 2021-OVA A, 2.585%, due 7/15/41 | 100,000 | 88,128 | ||||||
| 942,181 | ||||||||
| Total Commercial Mortgage-Backed Securities | ||||||||
| (Cost $942,836) | 942,181 | |||||||
| Corporate Bonds — 38.3% | ||||||||
| Advertising — 0.1% | ||||||||
| Clear Channel Outdoor Holdings, Inc. | ||||||||
| 5.125%, due 8/15/27 | 12,000 | 11,098 | ||||||
| Lamar Media Corp. | ||||||||
| 4.000%, due 2/15/30 | 16,000 | 14,730 | ||||||
| 25,828 | ||||||||
| Aerospace/Defense — 0.2% | ||||||||
| Boeing Co. (The) | ||||||||
| 3.750%, due 2/1/50 | 35,000 | 26,499 | ||||||
| Howmet Aerospace, Inc. | ||||||||
| 3.000%, due 1/15/29 | 34,000 | 30,505 | ||||||
| 57,004 | ||||||||
| Agriculture — 0.3% | ||||||||
| Altria Group, Inc. | ||||||||
| 4.800%, due 2/14/29 | 50,000 | 49,681 | ||||||
| Darling Ingredients, Inc. | ||||||||
| 5.250%, due 4/15/27 | 22,000 | 22,037 | ||||||
| 6.000%, due 6/15/30 | 6,000 | 6,205 | ||||||
| 77,923 | ||||||||
| Airlines — 2.1% | ||||||||
| American Airlines, Inc. | ||||||||
| 11.750%, due 7/15/25 | 16,000 | 17,760 | ||||||
| American Airlines, Inc./AAdvantage Loyalty IP Ltd. | ||||||||
| 5.500%, due 4/20/26 | 12,000 | 11,802 | ||||||
| Delta Air Lines Inc / SkyMiles IP Ltd. | ||||||||
| 4.750%, due 10/20/28 | 90,000 | 87,903 | ||||||
| JetBlue 2019-1 Class AA Pass-Through Trust | ||||||||
| Series 2019-1, 2.750%, due 5/15/32 | 102,380 | 90,114 | ||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Airlines (continued) | ||||||||
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd. | ||||||||
| 6.500%, due 6/20/27 | $ | 108,000 | $ | 109,079 | ||||
| Southwest Airlines Co. | ||||||||
| 1.250%, due 5/1/25 | 94,000 | 118,863 | ||||||
| United Airlines 2020-1 Class A Pass-Through Trust | ||||||||
| Series 2020-1, 5.875%, due 10/15/27 | 90,047 | 90,787 | ||||||
| United Airlines, Inc. | ||||||||
| 4.375%, due 4/15/26 | 6,000 | 5,760 | ||||||
| 4.625%, due 4/15/29 | 6,000 | 5,528 | ||||||
| 537,596 | ||||||||
| Auto Manufacturers — 1.0% | ||||||||
| Ford Motor Co. | ||||||||
| 7.400%, due 11/1/46 | 12,000 | 12,208 | ||||||
| Ford Motor Credit Co. LLC | ||||||||
| 3.375%, due 11/13/25 | 22,000 | 20,993 | ||||||
| 4.950%, due 5/28/27 | 22,000 | 21,615 | ||||||
| 5.584%, due 3/18/24 | 12,000 | 12,108 | ||||||
| General Motors Co. | ||||||||
| 6.125%, due 10/1/25 | 60,000 | 63,075 | ||||||
| General Motors Financial Co., Inc. | ||||||||
| 2.350%, due 1/8/31 | 80,000 | 64,423 | ||||||
| Nissan Motor Acceptance Co. LLC | ||||||||
| 1.850%, due 9/16/26 | 75,000 | 64,515 | ||||||
| 258,937 | ||||||||
| Auto Parts & Equipment — 0.3% | ||||||||
| Clarios Global LP | ||||||||
| 6.750%, due 5/15/25 | 6,000 | 6,028 | ||||||
| Clarios Global LP / Clarios US Finance Co. | ||||||||
| 6.250%, due 5/15/26 | 6,000 | 6,037 | ||||||
| 8.500%, due 5/15/27 | 16,000 | 16,149 | ||||||
| Dana, Inc. | ||||||||
| 4.500%, due 2/15/32 | 16,000 | 13,371 | ||||||
| Dornoch Debt Merger Sub, Inc. | ||||||||
| 6.625%, due 10/15/29 | 18,000 | 13,460 | ||||||
| Goodyear Tire & Rubber Co. (The) | ||||||||
| 4.875%, due 3/15/27 | 12,000 | 11,412 | ||||||
| 66,457 | ||||||||
| Banks — 4.9% | ||||||||
| Bank of America Corp. | ||||||||
| 2.087%, (SOFR + 1.06%), due 6/14/29(a) | 85,000 | 75,077 | ||||||
| 2.496%, (3-Month LIBOR + 0.99%), due 2/13/31(a) | 90,000 | 78,575 | ||||||
| 4.250%, due 10/22/26 | 90,000 | 90,583 | ||||||
| Citigroup, Inc. | ||||||||
| 4.910%, (SOFR + 2.09%), due 5/24/33(a) | 75,000 | 77,270 | ||||||
| Series Y, 4.150%, (US 5 Year CMT T-Note + 3.00%), due 2/15/71(a) | 125,000 | 110,073 | ||||||
| Citizens Financial Group, Inc. | ||||||||
| Series G, 4.000%, (US 5 Year CMT T-Note + 3.22%), due 10/6/70(a) | 95,000 | 80,080 | ||||||
| Goldman Sachs Group, Inc. (The) | ||||||||
| 2.615%, (SOFR + 1.28%), due 4/22/32(a) | 75,000 | 64,689 | ||||||
| 2.581%, (3-Month LIBOR + 1.17%), due 5/15/26(a) | 90,000 | 88,191 | ||||||
| Series V, 4.125%, (US 5 Year CMT T-Note + 2.95%), due 5/10/71(a) | 90,000 | 79,181 | ||||||
| JPMorgan Chase & Co. | ||||||||
| 2.182%, (SOFR + 1.89%), due 6/1/28(a) | 100,000 | 91,164 | ||||||
| Series HH, 4.600%, (SOFR + 3.13%), due 8/1/71(a) | 100,000 | 88,659 | ||||||
| Morgan Stanley | ||||||||
| 2.484%, (SOFR + 1.36%), due 9/16/36(a) | 110,000 | 88,995 | ||||||
| 2.511%, (SOFR + 1.20%), due 10/20/32(a) | 90,000 | 77,220 | ||||||
| SVB Financial Group | ||||||||
| Series C4.000%, (US 5 Year CMT T-Note + 3.20%), due 8/15/70(a) | 65,000 | 52,692 | ||||||
| Wells Fargo & Co. | ||||||||
| 3.526%, (SOFR + 1.51%), due 3/24/28(a) | 105,000 | 101,483 | ||||||
| 1,243,932 | ||||||||
| Beverages — 0.0%(c) | ||||||||
| Triton Water Holdings, Inc. | ||||||||
| 6.250%, due 4/1/29 | 6,000 | 4,512 | ||||||
| Biotechnology — 0.5% | ||||||||
| BioMarin Pharmaceutical, Inc. | ||||||||
| 1.250%, due 5/15/27 | 123,000 | 123,540 | ||||||
| Building Materials — 0.1% | ||||||||
| Camelot Return Merger Sub, Inc. | ||||||||
| 8.750%, due 8/1/28 | 2,000 | 1,865 | ||||||
| Standard Industries, Inc. | ||||||||
| 4.375%, due 7/15/30 | 12,000 | 10,482 | ||||||
| 12,347 | ||||||||
| Chemicals — 0.0%(c) | ||||||||
| Innophos Holdings, Inc. | ||||||||
| 9.375%, due 2/15/28 | 12,000 | 11,070 | ||||||
| Commercial Services — 1.1% | ||||||||
| Allied Universal Holdco LLC / Allied Universal Finance Corp. | ||||||||
| 6.000%, due 6/1/29 | 6,000 | 4,613 | ||||||
| 6.625%, due 7/15/26 | 22,000 | 21,317 | ||||||
| 9.750%, due 7/15/27 | 22,000 | 20,142 | ||||||
| APX Group, Inc. | ||||||||
| 6.750%, due 2/15/27 | 12,000 | 11,886 | ||||||
| Avis Budget Car Rental LLC / Avis Budget Finance, Inc. | ||||||||
| 4.750%, due 4/1/28 | 6,000 | 5,409 | ||||||
| Block, Inc. | ||||||||
| 3.500%, due 6/1/31 | 6,000 | 5,190 | ||||||
| Brink's Co. (The) | ||||||||
| 5.500%, due 7/15/25 | 6,000 | 6,058 | ||||||
| Carriage Services, Inc. | ||||||||
| 4.250%, due 5/15/29 | 22,000 | 19,142 | ||||||
| HealthEquity, Inc. | ||||||||
| 4.500%, due 10/1/29 | 12,000 | 11,176 | ||||||
| Herc Holdings, Inc. | ||||||||
| 5.500%, due 7/15/27 | 28,000 | 28,000 | ||||||
| Hertz Corp. (The) | ||||||||
| 4.625%, due 12/1/26 | 6,000 | 5,340 | ||||||
| NESCO Holdings II, Inc. | ||||||||
| 5.500%, due 4/15/29 | 16,000 | 13,880 | ||||||
| Nielsen Finance LLC / Nielsen Finance Co. | ||||||||
| 4.500%, due 7/15/29 | 12,000 | 11,283 | ||||||
| Prime Security Services Borrower LLC / Prime Finance, Inc. | ||||||||
| 3.375%, due 8/31/27 | 18,000 | 16,416 | ||||||
| Service Corp. International | ||||||||
| 3.375%, due 8/15/30 | 18,000 | 15,998 | ||||||
| 5.125%, due 6/1/29 | 12,000 | 12,000 | ||||||
| 7.500%, due 4/1/27 | 6,000 | 6,390 | ||||||
| Sotheby's | ||||||||
| 7.375%, due 10/15/27 | 12,000 | 11,547 | ||||||
| Sotheby's/Bidfair Holdings, Inc. | ||||||||
| 5.875%, due 6/1/29 | 12,000 | 10,408 | ||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Commercial Services (continued) | ||||||||
| United Rentals North America, Inc. | ||||||||
| 3.750%, due 1/15/32 | $ | 22,000 | $ | 19,339 | ||||
| WASH Multifamily Acquisition, Inc. | ||||||||
| 5.750%, due 4/15/26 | 18,000 | 17,956 | ||||||
| Williams Scotsman International, Inc. | ||||||||
| 4.625%, due 8/15/28 | 6,000 | 5,626 | ||||||
| 279,116 | ||||||||
| Computers — 1.3% | ||||||||
| Apple, Inc. | ||||||||
| 3.850%, due 8/4/46 | 40,000 | 38,533 | ||||||
| Dell International LLC / EMC Corp. | ||||||||
| 3.375%, due 12/15/41 | 70,000 | 52,307 | ||||||
| 5.300%, due 10/1/29 | 65,000 | 65,922 | ||||||
| Lumentum Holdings, Inc. | ||||||||
| 0.500%, due 12/15/26 | 117,000 | 129,162 | ||||||
| NCR Corp. | ||||||||
| 5.125%, due 4/15/29 | 10,000 | 9,601 | ||||||
| 5.250%, due 10/1/30 | 6,000 | 5,789 | ||||||
| Presidio Holdings, Inc. | ||||||||
| 8.250%, due 2/1/28 | 6,000 | 5,654 | ||||||
| Seagate HDD Cayman | ||||||||
| 4.125%, due 1/15/31 | 6,000 | 5,229 | ||||||
| Tempo Acquisition LLC / Tempo Acquisition Finance Corp. | ||||||||
| 5.750%, due 6/1/25 | 6,000 | 5,979 | ||||||
| 318,176 | ||||||||
| Cosmetics/Personal Care — 0.1% | ||||||||
| Edgewell Personal Care Co. | ||||||||
| 5.500%, due 6/1/28 | 12,000 | 11,767 | ||||||
| Distribution/Wholesale — 0.1% | ||||||||
| H&E Equipment Services, Inc. | ||||||||
| 3.875%, due 12/15/28 | 22,000 | 19,085 | ||||||
| Diversified Financial Services — 1.5% | ||||||||
| Aircastle Ltd. | ||||||||
| 5.250%, (US 5 Year CMT T-Note + 4.41%), due 9/15/70(a) | 125,000 | 99,655 | ||||||
| Ally Financial, Inc. | ||||||||
| 8.000%, due 11/1/31 | 55,000 | 62,214 | ||||||
| Series C, 4.700%, (US 7 Year CMT T-Note + 3.48%), due 8/15/70(a) | 115,000 | 90,728 | ||||||
| Aviation Capital Group LLC | ||||||||
| 1.950%, due 1/30/26 | 100,000 | 87,455 | ||||||
| Midcap Financial Issuer Trust | ||||||||
| 6.500%, due 5/1/28 | 10,000 | 9,188 | ||||||
| OneMain Finance Corp. | ||||||||
| 3.500%, due 1/15/27 | 6,000 | 5,109 | ||||||
| 6.125%, due 3/15/24 | 12,000 | 11,835 | ||||||
| PennyMac Financial Services, Inc. | ||||||||
| 5.375%, due 10/15/25 | 12,000 | 11,237 | ||||||
| Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc. | ||||||||
| 3.625%, due 3/1/29 | 12,000 | 10,260 | ||||||
| 387,681 | ||||||||
| Electric — 4.5% | ||||||||
| AEP Texas, Inc. | ||||||||
| 4.700%, due 5/15/32 | 60,000 | 61,576 | ||||||
| Alabama Power Co. | ||||||||
| 3.000%, due 3/15/52 | 85,000 | 66,605 | ||||||
| Arizona Public Service Co. | ||||||||
| 2.200%, due 12/15/31 | 90,000 | 75,496 | ||||||
| Calpine Corp. | ||||||||
| 3.750%, due 3/1/31 | 12,000 | 10,652 | ||||||
| 4.500%, due 2/15/28 | 12,000 | 11,640 | ||||||
| 5.125%, due 3/15/28 | 6,000 | 5,644 | ||||||
| 5.250%, due 6/1/26 | 6,000 | 6,053 | ||||||
| Clearway Energy Operating LLC | ||||||||
| 3.750%, due 2/15/31 | 6,000 | 5,254 | ||||||
| 4.750%, due 3/15/28 | 28,000 | 27,090 | ||||||
| Dominion Energy, Inc. | ||||||||
| Series C, 4.350%, (US 5 Year CMT T-Note + 3.20%), due 4/15/71(a) | 120,000 | 109,199 | ||||||
| Edison International | ||||||||
| Series B, 5.000%, (US 5 Year CMT T-Note + 3.90%), due 3/15/71(a) | 125,000 | 105,448 | ||||||
| FirstEnergy Corp. | ||||||||
| Series B, 4.400%, due 7/15/27 | 12,000 | 11,756 | ||||||
| Jersey Central Power & Light Co. | ||||||||
| 2.750%, due 3/1/32 | 90,000 | 79,342 | ||||||
| NextEra Energy Capital Holdings, Inc. | ||||||||
| 5.000%, due 7/15/32 | 50,000 | 53,432 | ||||||
| NextEra Energy Operating Partners LP | ||||||||
| 4.250%, due 7/15/24 | 6,000 | 5,945 | ||||||
| NRG Energy, Inc. | ||||||||
| 5.750%, due 1/15/28 | 6,000 | 5,782 | ||||||
| Ohio Power Co. | ||||||||
| Series R, 2.900%, due 10/1/51 | 50,000 | 37,576 | ||||||
| Pacific Gas and Electric Co. | ||||||||
| 3.500%, due 8/1/50 | 75,000 | 53,034 | ||||||
| Pattern Energy Operations LP / Pattern Energy Operations, Inc. | ||||||||
| 4.500%, due 8/15/28 | 12,000 | 11,132 | ||||||
| PG&E Corp. | ||||||||
| 5.000%, due 7/1/28 | 12,000 | 10,955 | ||||||
| Puget Energy, Inc. | ||||||||
| 4.224%, due 3/15/32 | 65,000 | 62,234 | ||||||
| Sempra Energy | ||||||||
| 4.125%, (US 5 Year CMT T-Note + 2.87%), due 4/1/52(a) | 125,000 | 105,521 | ||||||
| Southern California Edison Co. | ||||||||
| 4.000%, due 4/1/47 | 60,000 | 50,526 | ||||||
| Southwestern Electric Power Co. | ||||||||
| 3.250%, due 11/1/51 | 65,000 | 49,910 | ||||||
| Virginia Electric and Power Co. | ||||||||
| 2.950%, due 11/15/51 | 65,000 | 50,692 | ||||||
| Vistra Corp. | ||||||||
| 8.000%, (US 5 Year CMT T-Note + 6.93%), due 4/15/71(a) | 40,000 | 38,750 | ||||||
| Vistra Operations Co. LLC | ||||||||
| 4.375%, due 5/1/29 | 12,000 | 11,156 | ||||||
| 5.625%, due 2/15/27 | 6,000 | 6,019 | ||||||
| 1,128,419 | ||||||||
| Electrical Components & Equipment — 0.1% | ||||||||
| Energizer Holdings, Inc. | ||||||||
| 4.375%, due 3/31/29 | 12,000 | 9,910 | ||||||
| EnerSys | ||||||||
| 4.375%, due 12/15/27 | 6,000 | 5,490 | ||||||
| WESCO Distribution, Inc. | ||||||||
| 7.125%, due 6/15/25 | 12,000 | 12,403 | ||||||
| 7.250%, due 6/15/28 | 6,000 | 6,216 | ||||||
| 34,019 | ||||||||
| Electronics — 0.0%(c) | ||||||||
| Imola Merger Corp. | ||||||||
| 4.750%, due 5/15/29 | 6,000 | 5,610 | ||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Electronics (continued) | ||||||||
| Sensata Technologies BV | ||||||||
| 4.000%, due 4/15/29 | $ | 6,000 | $ | 5,456 | ||||
| 11,066 | ||||||||
| Engineering & Construction — 0.2% | ||||||||
| Brundage-Bone Concrete Pumping Holdings, Inc. | ||||||||
| 6.000%, due 2/1/26 | 12,000 | 10,746 | ||||||
| Dycom Industries, Inc. | ||||||||
| 4.500%, due 4/15/29 | 18,000 | 16,512 | ||||||
| Great Lakes Dredge & Dock Corp. | ||||||||
| 5.250%, due 6/1/29 | 6,000 | 5,355 | ||||||
| TopBuild Corp. | ||||||||
| 4.125%, due 2/15/32 | 12,000 | 10,441 | ||||||
| Weekley Homes LLC / Weekley Finance Corp. | ||||||||
| 4.875%, due 9/15/28 | 12,000 | 9,871 | ||||||
| 52,925 | ||||||||
| Entertainment — 0.7% | ||||||||
| Affinity Gaming | ||||||||
| 6.875%, due 12/15/27 | 16,000 | 13,865 | ||||||
| Caesars Entertainment, Inc. | ||||||||
| 6.250%, due 7/1/25 | 6,000 | 5,985 | ||||||
| Caesars Resort Collection LLC / CRC Finco, Inc. | ||||||||
| 5.750%, due 7/1/25 | 6,000 | 6,001 | ||||||
| CDI Escrow Issuer, Inc. | ||||||||
| 5.750%, due 4/1/30 | 12,000 | 11,731 | ||||||
| Everi Holdings, Inc. | ||||||||
| 5.000%, due 7/15/29 | 6,000 | 5,400 | ||||||
| International Game Technology PLC | ||||||||
| 5.250%, due 1/15/29 | 6,000 | 5,794 | ||||||
| Magallanes, Inc. | ||||||||
| 3.638%, due 3/15/25 | 12,000 | 11,748 | ||||||
| 3.755%, due 3/15/27 | 12,000 | 11,536 | ||||||
| 4.279%, due 3/15/32 | 70,000 | 65,329 | ||||||
| Penn National Gaming, Inc. | ||||||||
| 4.125%, due 7/1/29 | 6,000 | 4,993 | ||||||
| Scientific Games Holdings LP/Scientific Games US FinCo, Inc. | ||||||||
| 6.625%, due 3/1/30 | 6,000 | 5,385 | ||||||
| Scientific Games International, Inc. | ||||||||
| 7.000%, due 5/15/28 | 12,000 | 12,206 | ||||||
| WMG Acquisition Corp. | ||||||||
| 3.750%, due 12/1/29 | 10,000 | 9,161 | ||||||
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. | ||||||||
| 5.125%, due 10/1/29 | 10,000 | 8,725 | ||||||
| 177,859 | ||||||||
| Environmental Control — 0.2% | ||||||||
| Clean Harbors, Inc. | ||||||||
| 4.875%, due 7/15/27 | 6,000 | 5,957 | ||||||
| 5.125%, due 7/15/29 | 12,000 | 11,642 | ||||||
| Covanta Holding Corp. | ||||||||
| 4.875%, due 12/1/29 | 6,000 | 5,344 | ||||||
| Stericycle, Inc. | ||||||||
| 3.875%, due 1/15/29 | 12,000 | 10,972 | ||||||
| Waste Pro USA, Inc. | ||||||||
| 5.500%, due 2/15/26 | 18,000 | 16,650 | ||||||
| 50,565 | ||||||||
| Food — 0.4% | ||||||||
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC | ||||||||
| 3.500%, due 3/15/29 | 16,000 | 14,011 | ||||||
| JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. | ||||||||
| 5.750%, due 4/1/33 | 65,000 | 64,306 | ||||||
| Performance Food Group, Inc. | ||||||||
| 4.250%, due 8/1/29 | 12,000 | 10,663 | ||||||
| Post Holdings, Inc. | ||||||||
| 5.750%, due 3/1/27 | 12,000 | 11,970 | ||||||
| Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed | ||||||||
| 4.625%, due 3/1/29 | 6,000 | 5,478 | ||||||
| US Foods, Inc. | ||||||||
| 4.625%, due 6/1/30 | 6,000 | 5,497 | ||||||
| 111,925 | ||||||||
| Food Service — 0.1% | ||||||||
| Aramark Services, Inc. | ||||||||
| 5.000%, due 2/1/28 | 6,000 | 5,862 | ||||||
| 6.375%, due 5/1/25 | 6,000 | 6,011 | ||||||
| 11,873 | ||||||||
| Gas — 1.0% | ||||||||
| Boston Gas Co. | ||||||||
| 3.150%, due 8/1/27 | 70,000 | 66,230 | ||||||
| National Fuel Gas Co. | ||||||||
| 2.950%, due 3/1/31 | 75,000 | 62,929 | ||||||
| Piedmont Natural Gas Co., Inc. | ||||||||
| 5.050%, due 5/15/52 | 65,000 | 66,671 | ||||||
| Southern Co. Gas Capital Corp. | ||||||||
| Series 21A, 3.150%, due 9/30/51 | 70,000 | 51,216 | ||||||
| 247,046 | ||||||||
| Healthcare-Products — 0.8% | ||||||||
| Avantor Funding, Inc. | ||||||||
| 3.875%, due 11/1/29 | 22,000 | 20,251 | ||||||
| Exact Sciences Corp. | ||||||||
| 0.375%, due 3/15/27 | 162,000 | 125,449 | ||||||
| Hologic, Inc. | ||||||||
| 3.250%, due 2/15/29 | 22,000 | 19,937 | ||||||
| Medline Borrower LP | ||||||||
| 3.875%, due 4/1/29 | 18,000 | 16,267 | ||||||
| 5.250%, due 10/1/29 | 6,000 | 5,422 | ||||||
| Teleflex, Inc. | ||||||||
| 4.250%, due 6/1/28 | 12,000 | 11,312 | ||||||
| 4.625%, due 11/15/27 | 12,000 | 11,802 | ||||||
| 210,440 | ||||||||
| Healthcare-Services — 0.6% | ||||||||
| Catalent Pharma Solutions, Inc. | ||||||||
| 3.125%, due 2/15/29 | 6,000 | 5,317 | ||||||
| 3.500%, due 4/1/30 | 10,000 | 8,945 | ||||||
| Centene Corp. | ||||||||
| 3.000%, due 10/15/30 | 22,000 | 19,636 | ||||||
| 4.625%, due 12/15/29 | 28,000 | 27,615 | ||||||
| CHS/Community Health Systems, Inc. | ||||||||
| 5.250%, due 5/15/30 | 10,000 | 8,400 | ||||||
| 6.000%, due 1/15/29 | 10,000 | 8,725 | ||||||
| 6.875%, due 4/15/29 | 10,000 | 5,550 | ||||||
| IQVIA, Inc. | ||||||||
| 5.000%, due 10/15/26 | 18,000 | 17,927 | ||||||
| Tenet Healthcare Corp. | ||||||||
| 4.375%, due 1/15/30 | 16,000 | 14,863 | ||||||
| 6.125%, due 10/1/28 | 28,000 | 27,300 | ||||||
| 6.125%, due 6/15/30 | 6,000 | 6,061 | ||||||
| 150,339 | ||||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Home Builders — 0.2% | ||||||||
| LGI Homes, Inc. | ||||||||
| 4.000%, due 7/15/29 | $ | 12,000 | $ | 9,884 | ||||
| Picasso Finance Sub, Inc. | ||||||||
| 6.125%, due 6/15/25 | 6,000 | 6,078 | ||||||
| Thor Industries, Inc. | ||||||||
| 4.000%, due 10/15/29 | 18,000 | 14,583 | ||||||
| TRI Pointe Group, Inc. / TRI Pointe Homes, Inc. | ||||||||
| 5.875%, due 6/15/24 | 12,000 | 12,081 | ||||||
| 42,626 | ||||||||
| Household Products/Wares — 0.0%(c) | ||||||||
| Spectrum Brands, Inc. | ||||||||
| 5.000%, due 10/1/29 | 6,000 | 5,385 | ||||||
| Housewares — 0.1% | ||||||||
| CD&R Smokey Buyer, Inc. | ||||||||
| 6.750%, due 7/15/25 | 12,000 | 11,261 | ||||||
| Insurance — 0.7% | ||||||||
| Athene Global Funding | ||||||||
| 2.500%, due 3/24/28 | 85,000 | 74,245 | ||||||
| NMI Holdings, Inc. | ||||||||
| 7.375%, due 6/1/25 | 6,000 | 6,075 | ||||||
| Prudential Financial, Inc. | ||||||||
| 5.125%, (US 5 Year CMT T-Note + 3.16%), due 3/1/52(a) | 95,000 | 90,718 | ||||||
| 171,038 | ||||||||
| Internet — 1.1% | ||||||||
| Amazon.com, Inc. | ||||||||
| 3.600%, due 4/13/32 | 65,000 | 65,805 | ||||||
| Arches Buyer, Inc. | ||||||||
| 4.250%, due 6/1/28 | 12,000 | 10,265 | ||||||
| 6.125%, due 12/1/28 | 16,000 | 13,120 | ||||||
| Cablevision Lightpath LLC | ||||||||
| 3.875%, due 9/15/27 | 6,000 | 5,333 | ||||||
| Cogent Communications Group, Inc. | ||||||||
| 3.500%, due 5/1/26 | 6,000 | 5,660 | ||||||
| 7.000%, due 6/15/27 | 6,000 | 6,023 | ||||||
| Expedia Group, Inc. | ||||||||
| 3.250%, due 2/15/30 | 75,000 | 64,773 | ||||||
| Go Daddy Operating Co. LLC / GD Finance Co., Inc. | ||||||||
| 5.250%, due 12/1/27 | 12,000 | 11,704 | ||||||
| Match Group Holdings II LLC | ||||||||
| 4.625%, due 6/1/28 | 22,000 | 20,834 | ||||||
| 5.625%, due 2/15/29 | 16,000 | 15,680 | ||||||
| TripAdvisor, Inc. | ||||||||
| 7.000%, due 7/15/25 | 16,000 | 15,960 | ||||||
| Uber Technologies, Inc. | ||||||||
| 6.250%, due 1/15/28 | 16,000 | 15,736 | ||||||
| 7.500%, due 5/15/25 | 6,000 | 6,094 | ||||||
| 7.500%, due 9/15/27 | 12,000 | 12,150 | ||||||
| 269,137 | ||||||||
| Investment Companies — 0.1% | ||||||||
| Icahn Enterprises LP / Icahn Enterprises Finance Corp. | ||||||||
| 5.250%, due 5/15/27 | 18,000 | 17,279 | ||||||
| Iron/Steel — 0.0%(c) | ||||||||
| Carpenter Technology Corp. | ||||||||
| 7.625%, due 3/15/30 | 6,000 | 5,463 | ||||||
| Leisure Time — 0.2% | ||||||||
| Carnival Corp. | ||||||||
| 5.750%, due 3/1/27 | 10,000 | 8,016 | ||||||
| 6.000%, due 5/1/29 | 16,000 | 12,317 | ||||||
| NCL Corp. Ltd. | ||||||||
| 5.875%, due 2/15/27 | 12,000 | 11,028 | ||||||
| Royal Caribbean Cruises Ltd. | ||||||||
| 4.250%, due 7/1/26 | 10,000 | 7,849 | ||||||
| 5.375%, due 7/15/27 | 22,000 | 17,050 | ||||||
| 56,260 | ||||||||
| Lodging — 0.8% | ||||||||
| Boyd Gaming Corp. | ||||||||
| 4.750%, due 12/1/27 | 12,000 | 11,531 | ||||||
| Hilton Domestic Operating Co., Inc. | ||||||||
| 4.000%, due 5/1/31 | 12,000 | 10,772 | ||||||
| 4.875%, due 1/15/30 | 12,000 | 11,655 | ||||||
| Hyatt Hotels Corp. | ||||||||
| 5.625%, due 4/23/25 | 85,000 | 86,678 | ||||||
| Marriott International, Inc./Md | ||||||||
| Series GG, 3.500%, due 10/15/32 | 85,000 | 75,868 | ||||||
| Station Casinos LLC | ||||||||
| 4.625%, due 12/1/31 | 6,000 | 5,237 | ||||||
| 201,741 | ||||||||
| Media — 1.0% | ||||||||
| Cable One, Inc. | ||||||||
| 4.000%, due 11/15/30 | 16,000 | 14,220 | ||||||
| CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
| 4.250%, due 2/1/31 | 56,000 | 48,580 | ||||||
| 4.750%, due 3/1/30 | 46,000 | 41,860 | ||||||
| CSC Holdings LLC | ||||||||
| 4.625%, due 12/1/30 | 16,000 | 12,160 | ||||||
| 5.500%, due 4/15/27 | 44,000 | 42,559 | ||||||
| Directv Financing LLC / Directv Financing Co.-Obligor, Inc. | ||||||||
| 5.875%, due 8/15/27 | 16,000 | 14,905 | ||||||
| DISH DBS Corp. | ||||||||
| 5.250%, due 12/1/26 | 16,000 | 13,840 | ||||||
| 7.375%, due 7/1/28 | 16,000 | 11,404 | ||||||
| iHeartCommunications, Inc. | ||||||||
| 4.750%, due 1/15/28 | 6,000 | 5,390 | ||||||
| 5.250%, due 8/15/27 | 6,000 | 5,485 | ||||||
| News Corp. | ||||||||
| 3.875%, due 5/15/29 | 6,000 | 5,534 | ||||||
| 5.125%, due 2/15/32 | 12,000 | 11,460 | ||||||
| Nexstar Media, Inc. | ||||||||
| 5.625%, due 7/15/27 | 12,000 | 12,034 | ||||||
| Sirius XM Radio, Inc. | ||||||||
| 4.125%, due 7/1/30 | 16,000 | 14,446 | ||||||
| Univision Communications, Inc. | ||||||||
| 4.500%, due 5/1/29 | 6,000 | 5,421 | ||||||
| 259,298 | ||||||||
| Mining — 0.0%(c) | ||||||||
| Compass Minerals International, Inc. | ||||||||
| 4.875%, due 7/15/24 | 6,000 | 5,566 | ||||||
| Novelis Corp. | ||||||||
| 3.875%, due 8/15/31 | 6,000 | 5,130 | ||||||
| 10,696 | ||||||||
| Miscellaneous Manufacturing — 0.3% | ||||||||
| Textron Financial Corp. | ||||||||
| 3.146%, (3-Month LIBOR + 1.74%), due 2/15/42(a) | 100,000 | 76,500 | ||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Office/Business Equipment — 0.0%(c) | ||||||||
| CDW LLC / CDW Finance Corp. | ||||||||
| 5.500%, due 12/1/24 | $ | 6,000 | $ | 6,104 | ||||
| Oil & Gas — 1.3% | ||||||||
| Aethon United BR LP / Aethon United Finance Corp. | ||||||||
| 8.250%, due 2/15/26 | 12,000 | 12,403 | ||||||
| Apache Corp. | ||||||||
| 5.100%, due 9/1/40 | 6,000 | 5,336 | ||||||
| Ascent Resources Utica Holdings LLC / ARU Finance Corp. | ||||||||
| 5.875%, due 6/30/29 | 18,000 | 15,812 | ||||||
| 7.000%, due 11/1/26 | 12,000 | 11,687 | ||||||
| 8.250%, due 12/31/28 | 6,000 | 5,847 | ||||||
| Callon Petroleum Co. | ||||||||
| 6.375%, due 7/1/26 | 6,000 | 5,752 | ||||||
| 7.500%, due 6/15/30 | 6,000 | 5,754 | ||||||
| Centennial Resource Production LLC | ||||||||
| 6.875%, due 4/1/27 | 22,000 | 20,971 | ||||||
| CNX Resources Corp. | ||||||||
| 6.000%, due 1/15/29 | 12,000 | 11,670 | ||||||
| 7.250%, due 3/14/27 | 12,000 | 12,151 | ||||||
| CrownRock LP / CrownRock Finance, Inc. | ||||||||
| 5.000%, due 5/1/29 | 6,000 | 5,573 | ||||||
| Hilcorp Energy I LP / Hilcorp Finance Co. | ||||||||
| 5.750%, due 2/1/29 | 16,000 | 14,600 | ||||||
| 6.000%, due 2/1/31 | 16,000 | 14,655 | ||||||
| Laredo Petroleum, Inc. | ||||||||
| 7.750%, due 7/31/29 | 12,000 | 11,400 | ||||||
| 9.500%, due 1/15/25 | 6,000 | 6,147 | ||||||
| 10.125%, due 1/15/28 | 12,000 | 12,166 | ||||||
| Nabors Industries, Inc. | ||||||||
| 7.375%, due 5/15/27 | 6,000 | 5,940 | ||||||
| Occidental Petroleum Corp. | ||||||||
| 6.125%, due 1/1/31 | 22,000 | 23,577 | ||||||
| 6.375%, due 9/1/28 | 6,000 | 6,430 | ||||||
| 6.625%, due 9/1/30 | 12,000 | 13,313 | ||||||
| 8.500%, due 7/15/27 | 18,000 | 20,565 | ||||||
| PBF Holding Co. LLC / PBF Finance Corp. | ||||||||
| 6.000%, due 2/15/28 | 6,000 | 5,445 | ||||||
| Rockcliff Energy II LLC | ||||||||
| 5.500%, due 10/15/29 | 6,000 | 5,796 | ||||||
| SM Energy Co. | ||||||||
| 5.625%, due 6/1/25 | 12,000 | 11,805 | ||||||
| 6.500%, due 7/15/28 | 12,000 | 11,825 | ||||||
| Southwestern Energy Co. | ||||||||
| 4.750%, due 2/1/32 | 10,000 | 9,325 | ||||||
| 5.375%, due 3/15/30 | 22,000 | 21,647 | ||||||
| 5.950%, due 1/23/25 | 12,000 | 12,146 | ||||||
| 8.375%, due 9/15/28 | 6,000 | 6,450 | ||||||
| Tap Rock Resources LLC | ||||||||
| 7.000%, due 10/1/26 | 6,000 | 5,670 | ||||||
| 331,858 | ||||||||
| Oil & Gas Services — 1.1% | ||||||||
| Helix Energy Solutions Group, Inc. | ||||||||
| 6.750%, due 2/15/26 | 132,000 | 136,643 | ||||||
| Oil States International, Inc. | ||||||||
| 4.750%, due 4/1/26 | 171,000 | 151,121 | ||||||
| 287,764 | ||||||||
| Packaging & Containers — 0.3% | ||||||||
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC | ||||||||
| 3.250%, due 9/1/28 | 12,000 | 11,140 | ||||||
| 6.000%, due 6/15/27 | 6,000 | 6,173 | ||||||
| Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., (Ireland) | ||||||||
| 5.250%, due 4/30/25 | 6,000 | 5,730 | ||||||
| Crown Americas LLC | ||||||||
| 5.250%, due 4/1/30 | 12,000 | 11,970 | ||||||
| Graphic Packaging International LLC | ||||||||
| 3.750%, due 2/1/30 | 6,000 | 5,402 | ||||||
| OI European Group BV | ||||||||
| 4.750%, due 2/15/30 | 6,000 | 5,032 | ||||||
| Owens-Brockway Glass Container, Inc. | ||||||||
| 6.625%, due 5/13/27 | 6,000 | 5,771 | ||||||
| Sealed Air Corp. | ||||||||
| 5.125%, due 12/1/24 | 12,000 | 12,150 | ||||||
| TriMas Corp. | ||||||||
| 4.125%, due 4/15/29 | 12,000 | 10,620 | ||||||
| 73,988 | ||||||||
| Pharmaceuticals — 0.2% | ||||||||
| Bausch Health Cos., Inc. | ||||||||
| 5.250%, due 2/15/31 | 14,000 | 7,178 | ||||||
| Elanco Animal Health, Inc. | ||||||||
| 6.400%, due 8/28/28 | 6,000 | 6,135 | ||||||
| PRA Health Sciences, Inc. | ||||||||
| 2.875%, due 7/15/26 | 6,000 | 5,682 | ||||||
| Prestige Brands, Inc. | ||||||||
| 3.750%, due 4/1/31 | 6,000 | 5,160 | ||||||
| 5.125%, due 1/15/28 | 18,000 | 17,370 | ||||||
| 41,525 | ||||||||
| Pipelines — 2.7% | ||||||||
| Cheniere Energy Partners LP | ||||||||
| 4.500%, due 10/1/29 | 22,000 | 21,314 | ||||||
| Cheniere Energy, Inc. | ||||||||
| 4.625%, due 10/15/28 | 6,000 | 5,842 | ||||||
| CNX Midstream Partners LP | ||||||||
| 4.750%, due 4/15/30 | 18,000 | 15,516 | ||||||
| Delek Logistics Partners LP / Delek Logistics Finance Corp. | ||||||||
| 7.125%, due 6/1/28 | 16,000 | 14,600 | ||||||
| DT Midstream, Inc. | ||||||||
| 4.300%, due 4/15/32 | 55,000 | 52,093 | ||||||
| Energy Transfer LP | ||||||||
| 4.400%, due 3/15/27 | 50,000 | 49,482 | ||||||
| Series H, 6.500%, (US 5 Year CMT T-Note + 5.69%), due 11/15/70(a) | 70,000 | 63,525 | ||||||
| EnLink Midstream LLC | ||||||||
| 5.375%, due 6/1/29 | 34,000 | 32,286 | ||||||
| Enterprise Products Operating LLC | ||||||||
| 4.200%, due 1/31/50 | 60,000 | 52,922 | ||||||
| EQM Midstream Partners LP | ||||||||
| 4.750%, due 1/15/31 | 28,000 | 25,295 | ||||||
| 5.500%, due 7/15/28 | 6,000 | 5,670 | ||||||
| 6.000%, due 7/1/25 | 6,000 | 5,955 | ||||||
| 6.500%, due 7/1/27 | 12,000 | 12,025 | ||||||
| 7.500%, due 6/1/30 | 6,000 | 6,175 | ||||||
| Flex Intermediate Holdco LLC | ||||||||
| 3.363%, due 6/30/31 | 60,000 | 50,959 | ||||||
| Hess Midstream Operations LP | ||||||||
| 4.250%, due 2/15/30 | 6,000 | 5,345 | ||||||
| 5.625%, due 2/15/26 | 6,000 | 5,978 | ||||||
| Holly Energy Partners LP / Holly Energy Finance Corp. | ||||||||
| 6.375%, due 4/15/27 | 6,000 | 5,941 | ||||||
| MPLX LP | ||||||||
| 2.650%, due 8/15/30 | 75,000 | 64,924 | ||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Pipelines (continued) | ||||||||
| Series B, 6.875%, (3-Month LIBOR + 4.65%), due 8/15/70(a) | $ | 65,000 | $ | 62,334 | ||||
| Plains All American Pipeline LP | ||||||||
| Series B, 6.125%, (3-Month LIBOR + 4.11%), due 11/15/70(a) | 70,000 | 53,118 | ||||||
| Venture Global Calcasieu Pass LLC | ||||||||
| 3.875%, due 8/15/29 | 12,000 | 11,073 | ||||||
| 3.875%, due 11/1/33 | 6,000 | 5,209 | ||||||
| 4.125%, due 8/15/31 | 16,000 | 14,750 | ||||||
| Western Midstream Operating LP | ||||||||
| 4.300%, due 2/1/30 | 22,000 | 20,575 | ||||||
| 5.500%, due 2/1/50 | 12,000 | 10,735 | ||||||
| 673,641 | ||||||||
| Real Estate — 0.0%(c) | ||||||||
| Realogy Group LLC / Realogy Co.-Issuer Corp. | ||||||||
| 5.750%, due 1/15/29 | 6,000 | 4,900 | ||||||
| REITS — 2.0% | ||||||||
| American Homes 4 Rent LP | ||||||||
| 2.375%, due 7/15/31 | 80,000 | 65,931 | ||||||
| Digital Realty Trust LP | ||||||||
| 4.450%, due 7/15/28 | 65,000 | 64,560 | ||||||
| GLP Capital LP / GLP Financing II, Inc. | ||||||||
| 4.000%, due 1/15/30 | 55,000 | 49,694 | ||||||
| 5.250%, due 6/1/25 | 65,000 | 64,431 | ||||||
| Host Hotels & Resorts LP | ||||||||
| Series I, 3.500%, due 9/15/30 | 60,000 | 52,025 | ||||||
| Iron Mountain, Inc. | ||||||||
| 5.250%, due 3/15/28 | 16,000 | 15,280 | ||||||
| 5.250%, due 7/15/30 | 12,000 | 11,226 | ||||||
| 5.625%, due 7/15/32 | 6,000 | 5,628 | ||||||
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp. | ||||||||
| 4.750%, due 6/15/29 | 6,000 | 5,121 | ||||||
| Office Properties Income Trust | ||||||||
| 2.400%, due 2/1/27 | 95,000 | 75,439 | ||||||
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer | ||||||||
| 4.875%, due 5/15/29 | 22,000 | 20,259 | ||||||
| SBA Communications Corp. | ||||||||
| 3.875%, due 2/15/27 | 34,000 | 32,397 | ||||||
| Service Properties Trust | ||||||||
| 4.950%, due 2/15/27 | 6,000 | 4,941 | ||||||
| 4.950%, due 10/1/29 | 6,000 | 4,463 | ||||||
| 7.500%, due 9/15/25 | 16,000 | 15,513 | ||||||
| XHR LP | ||||||||
| 4.875%, due 6/1/29 | 6,000 | 5,411 | ||||||
| 492,319 | ||||||||
| Retail — 1.5% | ||||||||
| Arko Corp. | ||||||||
| 5.125%, due 11/15/29 | 16,000 | 13,441 | ||||||
| Asbury Automotive Group, Inc. | ||||||||
| 4.500%, due 3/1/28 | 12,000 | 10,981 | ||||||
| AutoNation, Inc. | ||||||||
| 4.750%, due 6/1/30 | 65,000 | 62,805 | ||||||
| Bath & Body Works, Inc. | ||||||||
| 6.625%, due 10/1/30 | 10,000 | 9,543 | ||||||
| 7.500%, due 6/15/29 | 6,000 | 5,932 | ||||||
| 9.375%, due 7/1/25 | 6,000 | 6,271 | ||||||
| Burlington Stores, Inc. | ||||||||
| 2.250%, due 4/15/25 | 95,000 | 97,375 | ||||||
| Foundation Building Materials, Inc. | ||||||||
| 6.000%, due 3/1/29 | 6,000 | 4,608 | ||||||
| Group 1 Automotive, Inc. | ||||||||
| 4.000%, due 8/15/28 | 6,000 | 5,366 | ||||||
| IRB Holding Corp. | ||||||||
| 7.000%, due 6/15/25 | 22,000 | 22,506 | ||||||
| LBM Acquisition LLC | ||||||||
| 6.250%, due 1/15/29 | 10,000 | 7,550 | ||||||
| LCM Investments Holdings II LLC | ||||||||
| 4.875%, due 5/1/29 | 6,000 | 5,127 | ||||||
| Macy's Retail Holdings LLC | ||||||||
| 5.875%, due 4/1/29 | 16,000 | 14,053 | ||||||
| 5.875%, due 3/15/30 | 6,000 | 5,144 | ||||||
| Michaels Cos., Inc. (The) | ||||||||
| 5.250%, due 5/1/28 | 6,000 | 4,995 | ||||||
| 7.875%, due 5/1/29 | 6,000 | 4,110 | ||||||
| Nordstrom, Inc. | ||||||||
| 4.375%, due 4/1/30 | 6,000 | 5,034 | ||||||
| Sonic Automotive, Inc. | ||||||||
| 4.625%, due 11/15/29 | 6,000 | 5,099 | ||||||
| 4.875%, due 11/15/31 | 16,000 | 13,040 | ||||||
| Starbucks Corp. | ||||||||
| 4.450%, due 8/15/49 | 25,000 | 23,655 | ||||||
| Victoria's Secret & Co. | ||||||||
| 4.625%, due 7/15/29 | 16,000 | 13,245 | ||||||
| White Cap Buyer LLC | ||||||||
| 6.875%, due 10/15/28 | 6,000 | 5,070 | ||||||
| White Cap Parent LLC | ||||||||
| 8.250%, due 3/15/26 | 6,000 | 4,959 | ||||||
| Yum! Brands, Inc. | ||||||||
| 3.625%, due 3/15/31 | 12,000 | 10,860 | ||||||
| 4.750%, due 1/15/30 | 12,000 | 11,669 | ||||||
| 5.375%, due 4/1/32 | 12,000 | 11,850 | ||||||
| 384,288 | ||||||||
| Semiconductors — 0.6% | ||||||||
| Entegris, Inc. | ||||||||
| 4.375%, due 4/15/28 | 16,000 | 15,087 | ||||||
| Microchip Technology, Inc. | ||||||||
| 0.125%, due 11/15/24 | 121,000 | 125,295 | ||||||
| 140,382 | ||||||||
| Software — 0.5% | ||||||||
| Boxer Parent Co., Inc. | ||||||||
| 7.125%, due 10/2/25 | 6,000 | 5,883 | ||||||
| Central Parent, Inc. / CDK Global, Inc. | ||||||||
| 7.250%, due 6/15/29 | 12,000 | 12,197 | ||||||
| Clarivate Science Holdings Corp. | ||||||||
| 3.875%, due 7/1/28 | 6,000 | 5,460 | ||||||
| Fair Isaac Corp. | ||||||||
| 4.000%, due 6/15/28 | 16,000 | 14,923 | ||||||
| Fiserv, Inc. | ||||||||
| 3.200%, due 7/1/26 | 65,000 | 63,284 | ||||||
| MSCI, Inc. | ||||||||
| 4.000%, due 11/15/29 | 16,000 | 15,076 | ||||||
| SS&C Technologies, Inc. | ||||||||
| 5.500%, due 9/30/27 | 6,000 | 5,910 | ||||||
| ZoomInfo Technologies LLC/ZoomInfo Finance Corp. | ||||||||
| 3.875%, due 2/1/29 | 6,000 | 5,370 | ||||||
| 128,103 | ||||||||
| Telecommunications — 0.7% | ||||||||
| AT&T, Inc. | ||||||||
| 3.500%, due 9/15/53 | 95,000 | 75,102 | ||||||
| CommScope, Inc. | ||||||||
| 6.000%, due 3/1/26 | 12,000 | 11,665 | ||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Telecommunications (continued) | ||||||||
| 8.250%, due 3/1/27 | $ | 6,000 | $ | 5,220 | ||||
| Level 3 Financing, Inc. | ||||||||
| 3.625%, due 1/15/29 | 6,000 | 5,014 | ||||||
| 3.750%, due 7/15/29 | 12,000 | 9,930 | ||||||
| Lumen Technologies, Inc. | ||||||||
| 4.500%, due 1/15/29 | 12,000 | 9,510 | ||||||
| 5.125%, due 12/15/26 | 12,000 | 10,931 | ||||||
| Sprint Corp. | ||||||||
| 7.625%, due 3/1/26 | 18,000 | 19,622 | ||||||
| 7.875%, due 9/15/23 | 12,000 | 12,442 | ||||||
| T-Mobile USA, Inc. | ||||||||
| 2.625%, due 4/15/26 | 12,000 | 11,310 | ||||||
| Viavi Solutions, Inc. | ||||||||
| 3.750%, due 10/1/29 | 16,000 | 14,096 | ||||||
| 184,842 | ||||||||
| Toys/Games/Hobbies — 0.1% | ||||||||
| Mattel, Inc. | ||||||||
| 3.375%, due 4/1/26 | 12,000 | 11,380 | ||||||
| 5.875%, due 12/15/27 | 18,000 | 18,405 | ||||||
| 29,785 | ||||||||
| Transportation — 0.5% | ||||||||
| Atlas Air Worldwide Holdings, Inc. | ||||||||
| 1.875%, due 6/1/24 | 98,000 | 130,279 | ||||||
| XPO Logistics, Inc. | ||||||||
| 6.250%, due 5/1/25 | 6,000 | 6,090 | ||||||
| 136,369 | ||||||||
| Trucking & Leasing — 0.1% | ||||||||
| Fortress Transportation and Infrastructure Investors LLC | ||||||||
| 5.500%, due 5/1/28 | 16,000 | 14,385 | ||||||
| Total Corporate Bonds | ||||||||
| (Cost $9,600,957) | 9,678,384 | |||||||
| Foreign Bonds — 12.9% | ||||||||
| Aerospace/Defense — 0.0%(c) | ||||||||
| Bombardier, Inc., (Canada) | ||||||||
| 7.125%, due 6/15/26 | 10,000 | 9,284 | ||||||
| Agriculture — 0.2% | ||||||||
| BAT International Finance PLC, (United Kingdom) | ||||||||
| 4.448%, due 3/16/28 | 55,000 | 52,666 | ||||||
| Airlines — 0.5% | ||||||||
| Air Canada, (Canada) | ||||||||
| 3.875%, due 8/15/26 | 6,000 | 5,520 | ||||||
| Air Canada 2020-1 Class C Pass-Through Trust, (Canada) | ||||||||
| Series 2020-1C1, 0.500%, due 7/15/26 | 24,000 | 25,450 | ||||||
| British Airways 2021-1 Class A Pass-Through Trust, (United Kingdom) | ||||||||
| Series 2021-1, 2.900%, due 3/15/35 | 99,721 | 87,851 | ||||||
| 118,821 | ||||||||
| Auto Manufacturers — 0.3% | ||||||||
| Volkswagen Group of America Finance LLC, (Germany) | ||||||||
| 4.600%, due 6/8/29 | 65,000 | 64,763 | ||||||
| Banks — 4.3% | ||||||||
| Barclays PLC, (United Kingdom) | ||||||||
| 4.375%, (US 5 Year CMT T-Note + 3.41%), due 12/15/70(a) | 130,000 | 105,664 | ||||||
| BNP Paribas SA, (France) | ||||||||
| 3.052%, (SOFR + 1.51%), due 1/13/31(a) | 85,000 | 74,669 | ||||||
| 4.625%, (US 5 Year CMT T-Note + 3.34%), due 8/25/70(a) | 135,000 | 108,718 | ||||||
| BPCE SA, (France) | ||||||||
| 2.045%, (SOFR + 1.09%), due 10/19/27(a) | 115,000 | 102,861 | ||||||
| Credit Agricole SA, (France) | ||||||||
| 4.750%, (US 5 Year CMT T-Note + 3.24%), due 3/23/71(a) | 130,000 | 110,175 | ||||||
| Credit Suisse Group AG, (Switzerland) | ||||||||
| 3.091%, (SOFR + 1.73%), due 5/14/32(a) | 65,000 | 52,252 | ||||||
| Deutsche Bank AG/New York NY, (Germany) | ||||||||
| 3.035%, (SOFR + 1.72%), due 5/28/32(a) | 80,000 | 65,763 | ||||||
| 3.729%, (SOFR + 2.76%), due 1/14/32(a) | 16,000 | 12,465 | ||||||
| 3.742%, (SOFR + 2.26%), due 1/7/33(a) | 22,000 | 16,747 | ||||||
| NatWest Group PLC, (United Kingdom) | ||||||||
| 4.600%, (US 5 Year CMT T-Note + 3.10%), due 9/30/70(a) | 120,000 | 94,657 | ||||||
| Societe Generale SA, (France) | ||||||||
| 5.375%, (US 5 Year CMT T-Note + 4.51%), due 5/18/71(a) | 130,000 | 109,085 | ||||||
| Standard Chartered PLC, (United Kingdom) | ||||||||
| 4.750%, (US 5 Year CMT T-Note + 3.81%), due 7/14/71(a) | 65,000 | 52,178 | ||||||
| UBS Group AG, (Switzerland) | ||||||||
| 4.875%, (US 5 Year CMT T-Note + 3.40%), due 8/12/70(a) | 105,000 | 93,569 | ||||||
| Westpac Banking Corp., (Australia) | ||||||||
| 3.020%, (US 5 Year CMT T-Note + 1.53%), due 11/18/36(a) | 110,000 | 90,849 | ||||||
| 1,089,652 | ||||||||
| Beverages — 0.1% | ||||||||
| Primo Water Holdings, Inc., (Canada) | ||||||||
| 4.375%, due 4/30/29 | 22,000 | 19,002 | ||||||
| Chemicals — 0.7% | ||||||||
| Sasol Financing USA LLC, (South Africa) | ||||||||
| 5.500%, due 3/18/31 | 200,000 | 163,100 | ||||||
| SPCM SA, (France) | ||||||||
| 3.375%, due 3/15/30 | 28,000 | 22,532 | ||||||
| 185,632 | ||||||||
| Commercial Services — 0.1% | ||||||||
| Garda World Security Corp., (Canada) | ||||||||
| 4.625%, due 2/15/27 | 12,000 | 10,826 | ||||||
| 9.500%, due 11/1/27 | 22,000 | 20,716 | ||||||
| 31,542 | ||||||||
| Diversified Financial Services — 0.6% | ||||||||
| Avolon Holdings Funding Ltd., (Ireland) | ||||||||
| 3.250%, due 2/15/27 | 85,000 | 74,310 | ||||||
| Nomura Holdings, Inc., (Japan) | ||||||||
| 2.172%, due 7/14/28 | 90,000 | 77,275 | ||||||
| 151,585 | ||||||||
| Environmental Control — 0.2% | ||||||||
| GFL Environmental, Inc., (Canada) | ||||||||
| 3.750%, due 8/1/25 | 6,000 | 5,824 | ||||||
| 4.000%, due 8/1/28 | 16,000 | 14,435 | ||||||
| 4.250%, due 6/1/25 | 6,000 | 5,880 | ||||||
| 4.750%, due 6/15/29 | 6,000 | 5,519 | ||||||
| 5.125%, due 12/15/26 | 6,000 | 6,039 | ||||||
| 37,697 | ||||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Foreign Bonds (continued) | ||||||||
| Food — 1.4% | ||||||||
| Cencosud SA, (Chile) | ||||||||
| 4.375%, due 7/17/27 | $ | 200,000 | $ | 192,520 | ||||
| Indofood CBP Sukses Makmur Tbk PT, (Indonesia) | ||||||||
| 3.398%, due 6/9/31 | 200,000 | 168,076 | ||||||
| 360,596 | ||||||||
| Forest Products & Paper — 0.0%(c) | ||||||||
| Ahlstrom-Munksjo Holding 3 Oy, (Finland) | ||||||||
| 4.875%, due 2/4/28 | 12,000 | 9,728 | ||||||
| Household Products/Wares — 0.1% | ||||||||
| Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc., (Canada) | ||||||||
| 5.000%, due 12/31/26 | 18,000 | 15,445 | ||||||
| 7.000%, due 12/31/27 | 22,000 | 16,672 | ||||||
| 32,117 | ||||||||
| Internet — 0.7% | ||||||||
| Prosus NV, (China) | ||||||||
| 3.257%, due 1/19/27 | 200,000 | 180,656 | ||||||
| Iron/Steel — 0.6% | ||||||||
| CSN Resources SA, (Brazil) | ||||||||
| 5.875%, due 4/8/32 | 200,000 | 159,402 | ||||||
| Machinery-Diversified — 0.1% | ||||||||
| Titan Acquisition Ltd. / Titan Co.-Borrower LLC, (Canada) | ||||||||
| 7.750%, due 4/15/26 | 18,000 | 16,110 | ||||||
| TK Elevator US Newco, Inc., (Germany) | ||||||||
| 5.250%, due 7/15/27 | 16,000 | 15,360 | ||||||
| 31,470 | ||||||||
| Media — 0.4% | ||||||||
| Altice Financing SA, (France) | ||||||||
| 5.000%, due 1/15/28 | 6,000 | 5,284 | ||||||
| UPC Holding BV, (Netherlands) | ||||||||
| 5.500%, due 1/15/28 | 16,000 | 14,612 | ||||||
| Virgin Media Finance PLC, (United Kingdom) | ||||||||
| 5.000%, due 7/15/30 | 44,000 | 37,275 | ||||||
| VZ Secured Financing BV, (Netherlands) | ||||||||
| 5.000%, due 1/15/32 | 12,000 | 10,702 | ||||||
| Ziggo Bond Co. BV, (Netherlands) | ||||||||
| 5.125%, due 2/28/30 | 28,000 | 23,870 | ||||||
| 91,743 | ||||||||
| Oil & Gas — 1.0% | ||||||||
| Petroleos Mexicanos, (Mexico) | ||||||||
| 5.350%, due 2/12/28 | 100,000 | 83,691 | ||||||
| Qatar Energy, (Qatar) | ||||||||
| 3.125%, due 7/12/41 | 200,000 | 168,988 | ||||||
| 252,679 | ||||||||
| Packaging & Containers — 0.0%(c) | ||||||||
| Cascades, Inc./Cascades USA, Inc., (Canada) | ||||||||
| 5.375%, due 1/15/28 | 12,000 | 10,794 | ||||||
| Pharmaceuticals — 0.1% | ||||||||
| Teva Pharmaceutical Finance Netherlands III BV, (Israel) | ||||||||
| 3.150%, due 10/1/26 | 6,000 | 5,417 | ||||||
| 5.125%, due 5/9/29 | 12,000 | 11,009 | ||||||
| 16,426 | ||||||||
| Retail — 0.1% | ||||||||
| 1011778 BC ULC / New Red Finance, Inc., (Canada) | ||||||||
| 3.500%, due 2/15/29 | 16,000 | 14,576 | ||||||
| 3.875%, due 1/15/28 | 6,000 | 5,549 | ||||||
| 20,125 | ||||||||
| Software — 0.0%(c) | ||||||||
| Open Text Corp., (Canada) | ||||||||
| 3.875%, due 2/15/28 | 6,000 | 5,520 | ||||||
| Telecommunications — 1.4% | ||||||||
| Altice France SA/France, (France) | ||||||||
| 5.125%, due 7/15/29 | 6,000 | 5,135 | ||||||
| 5.500%, due 1/15/28 | 22,000 | 19,398 | ||||||
| 8.125%, due 2/1/27 | 8,000 | 7,900 | ||||||
| Axiata SPV2 Bhd, (Malaysia) | ||||||||
| 2.163%, due 8/19/30 | 200,000 | 173,160 | ||||||
| Iliad Holding SASU, (France) | ||||||||
| 6.500%, due 10/15/26 | 12,000 | 11,518 | ||||||
| Nice Ltd., (Israel) | ||||||||
| 0.000%, due 9/15/25(d) | 125,000 | 125,812 | ||||||
| 342,923 | ||||||||
| Total Foreign Bonds | ||||||||
| (Cost $3,228,585) | 3,274,823 | |||||||
| Municipal Bonds — 9.8% | ||||||||
| California — 1.0% | ||||||||
| California State University, | ||||||||
| 1.690%, due 11/1/29 | 290,000 | 251,608 | ||||||
| Colorado — 1.0% | ||||||||
| Metro Wastewater Reclamation District, | ||||||||
| 5.775%, due 4/1/29 | 225,000 | 246,867 | ||||||
| Florida — 0.9% | ||||||||
| County of Miami-Dade FL Transit System, | ||||||||
| 2.600%, due 7/1/42 | 300,000 | 237,668 | ||||||
| Illinois — 1.1% | ||||||||
| State of Illinois, | ||||||||
| 5.100%, due 6/1/33 | 275,000 | 280,473 | ||||||
| New Jersey — 1.1% | ||||||||
| New Jersey Turnpike Authority, | ||||||||
| 7.102%, due 1/1/41 | 200,000 | 263,027 | ||||||
| New York — 1.0% | ||||||||
| City of New York NY, | ||||||||
| 2.360%, due 8/1/31 | 275,000 | 243,828 | ||||||
| North Carolina — 0.9% | ||||||||
| Charlotte-Mecklenburg Hospital Authority (The), | ||||||||
| 3.204%, due 1/15/51 | 300,000 | 237,869 | ||||||
| Oregon — 0.8% | ||||||||
| Port of Morrow OR, | ||||||||
| 2.543%, due 9/1/40 | 250,000 | 200,906 | ||||||
| Texas — 1.0% | ||||||||
| Dallas Fort Worth International Airport, | ||||||||
| 3.089%, due 11/1/40 | 300,000 | 252,141 | ||||||
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
| Principal Amount | Value | |||||||
| Municipal Bonds (continued) | ||||||||
| Washington — 1.0% | ||||||||
| State of Washington, | ||||||||
| 5.090%, due 8/1/33 | $ | 235,000 | $ | 254,806 | ||||
| Total Municipal Bonds | ||||||||
| (Cost $2,455,150) | 2,469,193 | |||||||
| U.S. Treasury Bonds — 6.6% | ||||||||
| U.S. Treasury Bond, 2.875%, due 5/15/52 | 1,395,000 | 1,349,227 | ||||||
| U.S. Treasury Bond, 3.250%, due 5/15/42 | 335,000 | 335,366 | ||||||
| 1,684,593 | ||||||||
| Total U.S. Treasury Bonds | ||||||||
| (Cost $1,690,218) | 1,684,593 | |||||||
| U.S. Treasury Notes — 18.5% | ||||||||
| U.S. Treasury Note, 2.750%, due 7/31/27 | 1,795,000 | 1,799,487 | ||||||
| U.S. Treasury Note, 2.875%, due 5/15/32 | 260,000 | 264,672 | ||||||
| U.S. Treasury Note, 3.000%, due 7/15/25 | 2,600,000 | 2,613,000 | ||||||
| 4,677,159 | ||||||||
| Total U.S. Treasury Notes | ||||||||
| (Cost $4,658,770) | 4,677,159 | |||||||
| United States Government Agency Mortgage-Backed Securities — 2.0% | ||||||||
| Mortgage Securities — 2.0% | ||||||||
| Fannie Mae Pool | ||||||||
| 4.000%, due 6/1/52 | 173,246 | 174,220 | ||||||
| 4.500%, due 7/1/52 | 159,276 | 162,178 | ||||||
| 5.000%, due 7/1/52 | 158,820 | 163,208 | ||||||
| 499,606 | ||||||||
| Total United States Government Agency Mortgage-Backed Securities | ||||||||
| (Cost $495,807) | 499,606 | |||||||
| Shares | Value | |||||||
| Short-Term Investment — 34.4% | ||||||||
| Money Market Fund — 34.4% | ||||||||
| Dreyfus Government Cash Management Fund, Institutional Shares, 1.83%(e) | ||||||||
| (Cost $8,696,598) | 8,696,598 | 8,696,598 | ||||||
| Total Investments — 132.4% | ||||||||
| (Cost $33,334,340) | 33,493,557 | |||||||
| Other Assets and Liabilities, Net — (32.4)% | (8,202,864 | ) | ||||||
| Net Assets — 100.0% | $ | 25,290,693 | ||||||
| (a) | Variable rate securities that may be tendered back to the issuer at any time prior to maturity at par. Rate shown is the rate in effect as of July 31, 2022. |
| (b) | Adjustable rate security with an interest rate that is not based on a published reference index and spread. The rate is based on the structure of the agreement and current market conditions. |
| (c) | Less than 0.05%. |
| (d) | The security was issued on a discount basis with no stated coupon rate. Rate shown reflects the effective yield. |
| (e) | Reflects the 7-day yield at July 31, 2022. |
1
| Abbreviations | |
| CMT | - Constant Maturity Treasury Index |
| FREMF | - Freddie MAC Multifamily Securities |
| LIBOR | - London InterBank Offered Rate |
| SOFR | - Secured Financing Overnight Rate |
Schedule of Investments ─ IQ MacKay Multi-Sector Income ETF (continued)
July 31, 2022 (unaudited)
Open futures contracts outstanding at July 31, 2022:
| Type | Broker | Expiration Date | Number of Contracts Purchased (Sold) | Notional Value at Trade Date | Notional Value at July 31, 2022 | Unrealized Appreciation (Depreciation) | ||||||||||||
| U.S. 10 Year Note (CBT) | Citigroup Global Markets Inc. | September 2022 | 21 | $ | 2,518,329 | $ | 2,543,953 | $ | 25,624 | |||||||||
| CBT — Chicago Board of Trade | ||||||||||||||||||
Cash posted as collateral to broker for futures contracts was $37,800 at July 31, 2022.
The following is a summary of the inputs used to value the Fund's investments as of July 31, 2022. 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) | ||||||||||||||||
| Collateralized Mortgage Obligations | $ | – | $ | 578,334 | $ | – | $ | 578,334 | ||||||||
| Commercial Asset-Backed Securities | – | 992,686 | – | 992,686 | ||||||||||||
| Commercial Mortgage-Backed Securities | – | 942,181 | – | 942,181 | ||||||||||||
| Corporate Bonds | – | 9,678,384 | – | 9,678,384 | ||||||||||||
| Foreign Bonds | – | 3,274,823 | – | 3,274,823 | ||||||||||||
| Municipal Bonds | – | 2,469,193 | – | 2,469,193 | ||||||||||||
| U.S. Treasury Bonds | – | 1,684,593 | – | 1,684,593 | ||||||||||||
| U.S. Treasury Notes | – | 4,677,159 | – | 4,677,159 | ||||||||||||
| United States Government Agency Mortgage-Backed Securities | – | 499,606 | – | 499,606 | ||||||||||||
| Short-Term Investment: | ||||||||||||||||
| Money Market Fund | 8,696,598 | – | – | 8,696,598 | ||||||||||||
| Total Investments in Securities | 8,696,598 | 24,796,959 | – | 33,493,557 | ||||||||||||
| Other Financial Instruments:(f) | ||||||||||||||||
| Futures Contracts | 25,624 | – | – | 25,624 | ||||||||||||
| Total Investments in Securities and Other Financial Instruments | $ | 8,722,222 | $ | 24,796,959 | $ | – | $ | 33,519,181 | ||||||||
| (e) | For a complete listing of investments and their states, see the Schedule of Investments. |
| (f) | Reflects the unrealized appreciation (depreciation) of the instruments. |
For the period ended July 31, 2022 the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.