Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| Long - Term Bonds 97.5% | ||||||||
| Collateralized Mortgage Obligations — 11.1% | ||||||||
| Mortgage Securities — 11.1% | ||||||||
| Agate Bay Mortgage Trust 2015-5 | ||||||||
| Series 2015-5 B3, 3.577%, due 7/25/45(a),(b) | $ | 182,389 | $ | 150,425 | ||||
| CHL Mortgage Pass-Through Trust 2005-9 | ||||||||
| Series 2005-9 1A1, 6.013%, (TSFR1M + 0.71%), due 5/25/35(a) | 45,536 | 37,257 | ||||||
| Connecticut Avenue Securities Trust 2020-R02 | ||||||||
| Series 2020-R02 2M2, 7.184%, (SOFR30A + 2.11%), due 1/25/40(a) | 190,320 | 190,560 | ||||||
| Connecticut Avenue Securities Trust 2021-R01 | ||||||||
| Series 2021-R01 1B1, 8.169%, (SOFR30A + 3.10%), due 10/25/41(a) | 1,315,000 | 1,322,632 | ||||||
| Series 2021-R01 1M2, 6.619%, (SOFR30A + 1.55%), due 10/25/41(a) | 409,445 | 405,909 | ||||||
| Connecticut Avenue Securities Trust 2022-R01 | ||||||||
| Series 2022-R01 1M2, 6.969%, (SOFR30A + 1.90%), due 12/25/41(a) | 235,000 | 231,337 | ||||||
| Connecticut Avenue Securities Trust 2022-R04 | ||||||||
| Series 2022-R04 1M2, 8.169%, (SOFR30A + 3.10%), due 3/25/42(a) | 275,000 | 279,986 | ||||||
| Fannie Mae Connecticut Avenue Securities | ||||||||
| Series 2016-C01 1M2, 11.934%, (SOFR30A + 6.86%), due 8/25/28(a) | 160,354 | 171,578 | ||||||
| Series 2017-C02 2M2C, 8.834%, (SOFR30A + 3.76%), due 9/25/29(a) | 245,000 | 254,095 | ||||||
| Series 2017-C07 1B1, 9.184%, (SOFR30A + 4.11%), due 5/25/30(a) | 735,000 | 786,284 | ||||||
| Series 2018-C04 2B1, 9.684%, (SOFR30A + 4.61%), due 12/25/30(a) | 630,000 | 683,681 | ||||||
| Series 2021-R02 2B1, 8.369%, (SOFR30A + 3.30%), due 11/25/41(a) | 200,000 | 200,371 | ||||||
| Series 2021-R02 2M2, 7.069%, (SOFR30A + 2.00%), due 11/25/41(a) | 518,045 | 508,788 | ||||||
| Fannie Mae Interest Strip | ||||||||
| Series 2022-427 C77, 2.500%, due 9/25/51(c) | 2,078,349 | 302,005 | ||||||
| Fannie Mae REMICS | ||||||||
| Series 2016-19 SD, 0.917%, (SOFR30A + 5.99%), due 4/25/46(a)(c) | 1,710,819 | 117,159 | ||||||
| Freddie Mac REMICS | ||||||||
| Series 2020-5013 DI, 3.000%, due 9/25/50(c) | 1,755,326 | 315,854 | ||||||
| Freddie Mac STACR Remic Trust 2020-DNA2 | ||||||||
| Series 2020-DNA2 B1, 7.684%, (SOFR30A + 2.61%), due 2/25/50(a) | 610,000 | 609,996 | ||||||
| Series 2020-DNA2 M2, 7.034%, (SOFR30A + 1.96%), due 2/25/50(a) | 45,854 | 45,997 | ||||||
| Freddie Mac STACR REMIC Trust 2020-DNA6 | ||||||||
| Series 2020-DNA6 B1, 8.069%, (SOFR30A + 3.00%), due 12/25/50(a) | 255,000 | 252,450 | ||||||
| Freddie Mac STACR REMIC Trust 2020-HQA1 | ||||||||
| Series 2020-HQA1 B2, 10.284%, (SOFR30A + 5.21%), due 1/25/50(a) | 565,000 | 564,994 | ||||||
| Principal Amount | Value | |||||||
| Collateralized Mortgage Obligations (continued) | ||||||||
| Mortgage Securities (continued) | ||||||||
| Freddie Mac STACR REMIC Trust 2021-DNA5 | ||||||||
| Series 2021-DNA5 B1, 8.119%, (SOFR30A + 3.05%), due 1/25/34(a) | $ | 1,190,000 | $ | 1,193,724 | ||||
| Series 2021-DNA5 M2, 6.719%, (SOFR30A + 1.65%), due 1/25/34(a) | 39,412 | 39,461 | ||||||
| Freddie Mac STACR REMIC Trust 2021-DNA6 | ||||||||
| Series 2021-DNA6 B1, 8.469%, (SOFR30A + 3.40%), due 10/25/41(a) | 880,000 | 884,400 | ||||||
| Freddie Mac STACR REMIC Trust 2021-DNA7 | ||||||||
| Series 2021-DNA7 B1, 8.719%, (SOFR30A + 3.65%), due 11/25/41(a) | 610,000 | 617,939 | ||||||
| Freddie Mac STACR REMIC Trust 2021-HQA1 | ||||||||
| Series 2021-HQA1 B1, 8.069%, (SOFR30A + 3.00%), due 8/25/33(a) | 980,000 | 970,288 | ||||||
| Series 2021-HQA1 M2, 7.319%, (SOFR30A + 2.25%), due 8/25/33(a) | 860,606 | 857,584 | ||||||
| Freddie Mac STACR REMIC Trust 2021-HQA2 | ||||||||
| Series 2021-HQA2 B1, 8.219%, (SOFR30A + 3.15%), due 12/25/33(a) | 840,000 | 832,907 | ||||||
| Series 2021-HQA2 M2, 7.119%, (SOFR30A + 2.05%), due 12/25/33(a) | 850,000 | 836,205 | ||||||
| Freddie Mac STACR REMIC Trust 2021-HQA3 | ||||||||
| Series 2021-HQA3 B1, 8.419%, (SOFR30A + 3.35%), due 9/25/41(a) | 945,000 | 941,476 | ||||||
| Freddie Mac STACR REMIC Trust 2022-DNA1 | ||||||||
| Series 2022-DNA1 B1, 8.469%, (SOFR30A + 3.40%), due 1/25/42(a) | 815,000 | 815,506 | ||||||
| Series 2022-DNA1 M1B, 6.919%, (SOFR30A + 1.85%), due 1/25/42(a) | 405,000 | 396,900 | ||||||
| Series 2022-DNA1 M2, 7.569%, (SOFR30A + 2.50%), due 1/25/42(a) | 945,000 | 933,311 | ||||||
| Freddie Mac STACR REMIC Trust 2022-DNA2 | ||||||||
| Series 2022-DNA2 M1B, 7.469%, (SOFR30A + 2.40%), due 2/25/42(a) | 525,000 | 526,313 | ||||||
| Series 2022-DNA2 M2, 8.819%, (SOFR30A + 3.75%), due 2/25/42(a) | 560,000 | 574,543 | ||||||
| Freddie Mac STACR REMIC Trust 2022-HQA1 | ||||||||
| Series 2022-HQA1 B1, 12.069%, (SOFR30A + 7.00%), due 3/25/42(a) | 550,000 | 598,487 | ||||||
| Series 2022-HQA1 M1B, 8.569%, (SOFR30A + 3.50%), due 3/25/42(a) | 465,000 | 478,853 | ||||||
| Freddie Mac STACR Trust 2019-DNA1 | ||||||||
| Series 2019-DNA1 B1, 9.834%, (SOFR30A + 4.76%), due 1/25/49(a) | 345,000 | 372,559 | ||||||
| Freddie Mac STACR Trust 2019-DNA2 | ||||||||
| Series 2019-DNA2 B1, 9.534%, (SOFR30A + 4.46%), due 3/25/49(a) | 755,000 | 802,184 | ||||||
| Freddie Mac STACR Trust 2019-DNA3 | ||||||||
| Series 2019-DNA3 B1, 8.434%, (SOFR30A + 3.36%), due 7/25/49(a) | 330,000 | 339,469 | ||||||
| Freddie Mac Structured Agency Credit Risk Debt Notes | ||||||||
| Series 2018-HQA1 M2, 7.484%, (SOFR30A + 2.41%), due 9/25/30(a) | 352,376 | 356,050 | ||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| Collateralized Mortgage Obligations (continued) | ||||||||
| Mortgage Securities (continued) | ||||||||
| Series 2021-DNA2 B1, 8.469%, (SOFR30A + 3.40%), due 8/25/33(a) | $ | 435,000 | $ | 443,700 | ||||
| Government National Mortgage Association | ||||||||
| Series 2020-34 SC, 0.681%, (TSFR1M + 5.94%), due 3/20/50(a)(c) | 1,069,017 | 113,234 | ||||||
| Series 2020-97 HB, 1.000%, due 7/20/50 | 315,703 | 237,781 | ||||||
| Series 2021-122 HS, 0.931%, (TSFR1M + 6.19%), due 7/20/51(a)(c) | 1,212,557 | 152,851 | ||||||
| Series 2022-113 Z, 2.000%, due 9/16/61 | 613,131 | 388,211 | ||||||
| Series 2022-83 IO, 2.500%, due 11/20/51(c) | 965,882 | 126,135 | ||||||
| Series 2023-1 HD, 3.500%, due 1/20/52 | 965,786 | 863,455 | ||||||
| Series GNR 2023-101 KO, 0.000%, due 1/20/51(d)(e) | 1,245,000 | 929,487 | ||||||
| Series GNR 2023-66 OQ, 0.000%, due 7/20/52(d)(e) | 824,751 | 621,594 | ||||||
| HarborView Mortgage Loan Trust 2005-2 | ||||||||
| Series 2005-2 2A1A, 5.801%, (TSFR1M + 0.55%), due 5/19/35(a) | 67,875 | 62,227 | ||||||
| Master Alternative Loan Trust 2005-5 | ||||||||
| Series 2005-5 3A1, 5.750%, due 8/25/35 | 533,765 | 283,218 | ||||||
| OBX 2019-INV2 Trust | ||||||||
| Series 2019-INV2 A5, 4.000%, due 5/27/49(a),(b) | 327,472 | 302,055 | ||||||
| OBX 2022-J1 Trust | ||||||||
| Series 2022-J1 A14, 2.500%, due 2/25/52(a),(b) | 243,313 | 186,106 | ||||||
| Sequoia Mortgage Trust 2021-4 | ||||||||
| Series 2021-4 AIO1, 0.166%, due 6/25/51(a),(b)(c) | 15,077,997 | 124,775 | ||||||
| Shellpoint Co.-Originator Trust 2015-1 | ||||||||
| Series 2015-1 B3, 3.775%, due 8/25/45(a),(b) | 393,697 | 366,758 | ||||||
| STACR Trust 2018-HRP2 | ||||||||
| Series 2018-HRP2 B1, 9.384%, (SOFR30A + 4.31%), due 2/25/47(a) | 560,000 | 597,949 | ||||||
| WaMu Mortgage Pass-Through Certificates Series 2004-AR13 Trust | ||||||||
| Series 2004-AR13 A2B, 6.293%, (TSFR1M + 0.99%), due 11/25/34(a) | 54,116 | 49,560 | ||||||
| WaMu Mortgage Pass-Through Certificates Series 2006-AR9 Trust | ||||||||
| Series 2006-AR9 2A, 5.262%, (12MTA + 1.05%), due 8/25/46(a) | 61,447 | 50,590 | ||||||
| 26,699,203 | ||||||||
| Total Collateralized Mortgage Obligations | ||||||||
| (Cost $25,867,438) | 26,699,203 | |||||||
| Commercial Asset-Backed Securities — 9.9% | ||||||||
| Asset Backed Securities — 9.9% | ||||||||
| American Credit Acceptance Receivables Trust 2020-4 | ||||||||
| Series 2020-4 F, 5.220%, due 8/13/27 | 220,000 | 216,525 | ||||||
| American Credit Acceptance Receivables Trust 2021-2 | ||||||||
| Series 2021-2 D, 1.340%, due 7/13/27 | 615,000 | 584,774 | ||||||
| American Credit Acceptance Receivables Trust 2021-3 | ||||||||
| Series 2021-3 D, 1.340%, due 11/15/27 | 275,000 | 258,944 | ||||||
| American Credit Acceptance Receivables Trust 2022-1 | ||||||||
| Series 2022-1 D, 2.460%, due 3/13/28 | 765,000 | 720,482 | ||||||
| Principal Amount | Value | |||||||
| Commercial Asset-Backed Securities (continued) | ||||||||
| Asset Backed Securities (continued) | ||||||||
| AMSR 2020-SFR1 Trust | ||||||||
| Series 2020-SFR1 A, 1.819%, due 4/17/37 | $ | 579,444 | $ | 539,332 | ||||
| AMSR 2020-SFR3 Trust | ||||||||
| Series 2020-SFR3 B, 1.806%, due 9/17/37 | 660,000 | 601,223 | ||||||
| AMSR 2020-SFR4 Trust | ||||||||
| Series 2020-SFR4 A, 1.355%, due 11/17/37 | 690,000 | 624,577 | ||||||
| Avis Budget Rental Car Funding AESOP LLC | ||||||||
| Series 2020-2A A, 2.020%, due 2/20/27 | 390,000 | 354,261 | ||||||
| Series 2021-1A B, 1.630%, due 8/20/27 | 315,000 | 275,601 | ||||||
| Series 2023-6A A, 5.810%, due 12/20/29 | 545,000 | 544,308 | ||||||
| CarMax Auto Owner Trust 2021-4 | ||||||||
| Series 2021-4 A4, 0.820%, due 4/15/27 | 330,000 | 298,817 | ||||||
| Carmax Auto Owner Trust 2022-3 | ||||||||
| Series 2022-3 A3, 3.970%, due 4/15/27 | 550,000 | 537,252 | ||||||
| CF Hippolyta Issuer LLC | ||||||||
| Series 2020-1 A2, 1.990%, due 7/15/60 | 548,229 | 461,338 | ||||||
| Series 2020-1 B1, 2.280%, due 7/15/60 | 845,485 | 757,997 | ||||||
| Series 2020-1 B2, 2.600%, due 7/15/60 | 512,688 | 425,683 | ||||||
| Series 2021-1A A1, 1.530%, due 3/15/61 | 254,461 | 221,578 | ||||||
| Series 2021-1A B1, 1.980%, due 3/15/61 | 362,842 | 308,252 | ||||||
| CPS Auto Receivables Trust 2019-C | ||||||||
| Series 2019-C E, 4.300%, due 7/15/25 | 454,916 | 450,736 | ||||||
| CPS Auto Receivables Trust 2020-B | ||||||||
| Series 2020-B E, 7.380%, due 6/15/27 | 500,000 | 500,714 | ||||||
| CPS Auto Receivables Trust 2021-C | ||||||||
| Series 2021-C E, 3.210%, due 9/15/28 | 755,000 | 694,925 | ||||||
| Drive Auto Receivables Trust 2021-1 | ||||||||
| Series 2021-1 D, 1.450%, due 1/16/29 | 475,000 | 447,613 | ||||||
| Drive Auto Receivables Trust 2021-2 | ||||||||
| Series 2021-2 D, 1.390%, due 3/15/29 | 590,000 | 548,752 | ||||||
| DT Auto Owner Trust 2021-4 | ||||||||
| Series 2021-4A D, 1.990%, due 9/15/27 | 450,000 | 411,611 | ||||||
| Exeter Automobile Receivables Trust 2021-3 | ||||||||
| Series 2021-3A D, 1.550%, due 6/15/27 | 1,070,000 | 983,240 | ||||||
| FirstKey Homes 2020-SFR2 Trust | ||||||||
| Series 2020-SFR2 A, 1.266%, due 10/19/37 | 738,327 | 666,928 | ||||||
| FirstKey Homes 2021-SFR1 Trust | ||||||||
| Series 2021-SFR1 B, 1.788%, due 8/17/38 | 100,000 | 87,269 | ||||||
| FirstKey Homes 2021-SFR2 Trust | ||||||||
| Series 2021-SFR2 B, 1.607%, due 9/17/38 | 100,000 | 87,001 | ||||||
| Flagship Credit Auto Trust 2021-2 | ||||||||
| Series 2021-2 C, 1.270%, due 6/15/27 | 285,000 | 266,158 | ||||||
| Flagship Credit Auto Trust 2022-1 | ||||||||
| Series 2022-1 D, 3.640%, due 3/15/28 | 420,000 | 388,942 | ||||||
| Ford Credit Auto Owner Trust 2020-REV2 | ||||||||
| Series 2020-2 A, 1.060%, due 4/15/33 | 100,000 | 90,672 | ||||||
| Ford Credit Auto Owner Trust 2021-Rev2 | ||||||||
| Series 2021-2 D, 2.600%, due 5/15/34 | 130,000 | 112,707 | ||||||
| Ford Credit Auto Owner Trust 2023-Rev1 | ||||||||
| Series 2023-1 D, 6.260%, due 8/15/35 | 425,000 | 416,854 | ||||||
| Ford Credit Floorplan Master Owner Trust A | ||||||||
| Series 2018-4 A, 4.060%, due 11/15/30 | 560,000 | 529,663 | ||||||
| Gls Auto Receivables Issuer Trust 2019-3 | ||||||||
| Series 2019-3A D, 3.840%, due 5/15/26 | 390,000 | 383,467 | ||||||
| Gls Auto Receivables Issuer Trust 2019-4 | ||||||||
| Series 2019-4A D, 4.090%, due 8/17/26 | 530,000 | 516,499 | ||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| Commercial Asset-Backed Securities (continued) | ||||||||
| Asset Backed Securities (continued) | ||||||||
| Gls Auto Receivables Issuer Trust 2020-1 | ||||||||
| Series 2020-1A D, 3.680%, due 11/16/26 | $ | 350,000 | $ | 338,767 | ||||
| Gls Auto Receivables Issuer Trust 2021-2 | ||||||||
| Series 2021-2A D, 1.420%, due 4/15/27 | 530,000 | 493,713 | ||||||
| Gls Auto Receivables Issuer Trust 2021-3 | ||||||||
| Series 2021-3A D, 1.480%, due 7/15/27 | 615,000 | 564,008 | ||||||
| Series 2021-3A E, 3.200%, due 10/16/28 | 875,000 | 789,276 | ||||||
| Gls Auto Receivables Issuer Trust 2021-4 | ||||||||
| Series 2021-4A C, 1.940%, due 10/15/27 | 300,000 | 285,499 | ||||||
| Hertz Vehicle Financing III LP | ||||||||
| Series 2021-2A A, 1.680%, due 12/27/27 | 505,000 | 441,927 | ||||||
| Series 2021-2A B, 2.120%, due 12/27/27 | 205,000 | 179,755 | ||||||
| Hertz Vehicle Financing LLC | ||||||||
| Series 2021-1A C, 2.050%, due 12/26/25 | 650,000 | 608,935 | ||||||
| Home Partners of America 2019-1 Trust | ||||||||
| Series 2019-1 A, 2.908%, due 9/17/39 | 379,142 | 343,868 | ||||||
| Home Partners of America 2021-2 Trust | ||||||||
| Series 2021-2 B, 2.302%, due 12/17/26 | 96,379 | 85,316 | ||||||
| LAD Auto Receivables Trust 2023-2 | ||||||||
| Series 2023-2A A3, 5.420%, due 2/15/28 | 135,000 | 133,189 | ||||||
| Mosaic Solar Loan Trust 2020-1 | ||||||||
| Series 2020-1A A, 2.100%, due 4/20/46 | 796,973 | 681,598 | ||||||
| Mosaic Solar Loan Trust 2021-2 | ||||||||
| Series 2021-2A B, 2.090%, due 4/22/47 | 612,011 | 447,685 | ||||||
| Navient Private Education Refi Loan Trust 2021-A | ||||||||
| Series 2021-A B, 2.240%, due 5/15/69 | 100,000 | 71,963 | ||||||
| Navient Private Education Refi Loan Trust 2021-E | ||||||||
| Series 2021-EA B, 2.030%, due 12/16/69 | 395,000 | 261,812 | ||||||
| New Economy Assets Phase 1 Sponsor LLC | ||||||||
| Series 2021-1 A1, 1.910%, due 10/20/61 | 550,000 | 471,557 | ||||||
| Progress Residential 2020-SFR3 Trust | ||||||||
| Series 2020-SFR3 A, 1.294%, due 10/17/27 | 99,280 | 89,814 | ||||||
| Progress Residential 2022-SFR6 Trust | ||||||||
| Series 2022-SFR6 A, 4.451%, due 7/20/39 | 334,514 | 318,290 | ||||||
| Santander Drive Auto Receivables Trust 2021-3 | ||||||||
| Series 2021-3 D, 1.330%, due 9/15/27 | 555,000 | 519,508 | ||||||
| Santander Drive Auto Receivables Trust 2022-2 | ||||||||
| Series 2022-2 C, 3.760%, due 7/16/29 | 375,000 | 357,537 | ||||||
| Santander Revolving Auto Loan Trust 2019-A | ||||||||
| Series 2019-A A, 2.510%, due 1/26/32 | 550,000 | 523,807 | ||||||
| Taco Bell Funding LLC | ||||||||
| Series 2021-1A A23, 2.542%, due 8/25/51 | 285,650 | 221,447 | ||||||
| Tricon American Homes 2020-SFR1 | ||||||||
| Series 2020-SFR1 A, 1.499%, due 7/17/38 | 269,005 | 238,920 | ||||||
| 23,782,886 | ||||||||
| Total Commercial Asset-Backed Securities | ||||||||
| (Cost $24,467,722) | 23,782,886 | |||||||
| Commercial Mortgage-Backed Securities — 9.2% | ||||||||
| Mortgage Securities — 9.2% | ||||||||
| BAMLL Commercial Mortgage Securities Trust 2022-DKLX | ||||||||
| Series 2022-DKLX D, 8.222%, (TSFR1M + 3.00%), due 1/15/39(a) | 100,000 | 96,194 | ||||||
| Principal Amount | Value | |||||||
| Commercial Mortgage-Backed Securities (continued) | ||||||||
| Mortgage Securities (continued) | ||||||||
| Series 2022-DKLX E, 9.349%, (TSFR1M + 4.13%), due 1/15/39(a) | $ | 305,000 | $ | 291,798 | ||||
| Bayview Commercial Asset Trust 2006-4 | ||||||||
| Series 2006-4A A1, 5.758%, (TSFR1M + 0.46%), due 12/25/36(a) | 56,691 | 52,326 | ||||||
| Bx Commercial Mortgage Trust 2020-Viv2 | ||||||||
| Series 2020-VIV2 C, 3.542%, due 3/9/44(a),(b) | 410,000 | 335,318 | ||||||
| Bx Commercial Mortgage Trust 2020-Viva | ||||||||
| Series 2020-VIVA D, 3.549%, due 3/11/44(a),(b) | 200,000 | 158,688 | ||||||
| BX Commercial Mortgage Trust 2021-VOLT | ||||||||
| Series 2021-VOLT C, 6.436%, (TSFR1M + 1.21%), due 9/15/36(a) | 400,000 | 382,460 | ||||||
| Series 2021-VOLT D, 6.986%, (TSFR1M + 1.76%), due 9/15/36(a) | 260,000 | 248,278 | ||||||
| Bx Trust 2019-Oc11 | ||||||||
| Series 2019-OC11 A, 3.202%, due 12/9/41 | 249,000 | 214,155 | ||||||
| Series 2019-OC11 C, 3.856%, due 12/9/41 | 200,000 | 170,859 | ||||||
| BX Trust 2019-OC11 | ||||||||
| Series 2019-OC11 E, 3.944%, due 12/9/41(a),(b) | 755,000 | 605,428 | ||||||
| Bx Trust 2021-ARIA | ||||||||
| Series 2021-ARIA D, 7.232%, (TSFR1M + 2.01%), due 10/15/36(a) | 650,000 | 615,104 | ||||||
| BX Trust 2021-ARIA | ||||||||
| Series 2021-ARIA E, 7.581%, (TSFR1M + 2.36%), due 10/15/36(a) | 320,000 | 297,551 | ||||||
| BX Trust 2021-RISE | ||||||||
| Series 2021-RISE C, 6.787%, (TSFR1M + 1.56%), due 11/15/36(a) | 342,000 | 334,074 | ||||||
| Bx Trust 2023-Life | ||||||||
| Series 2023-LIFE A, 5.045%, due 2/15/28 | 255,000 | 241,357 | ||||||
| Series 2023-LIFE B, 5.391%, due 2/15/28 | 360,000 | 341,831 | ||||||
| BXHPP Trust 2021-FILM | ||||||||
| Series 2021-FILM B, 6.237%, (TSFR1M + 1.01%), due 8/15/36(a) | 615,000 | 565,002 | ||||||
| Series 2021-FILM C, 6.437%, (TSFR1M + 1.21%), due 8/15/36(a) | 345,000 | 310,860 | ||||||
| Citigroup Commercial Mortgage Trust 2013-Gc17 | ||||||||
| Series 2013-GC17 A4, 4.131%, due 11/10/46 | 395,877 | 393,240 | ||||||
| Citigroup Commercial Mortgage Trust 2015-GC35 | ||||||||
| Series 2015-GC35 AS, 4.072%, due 11/10/48(a),(b) | 395,000 | 357,592 | ||||||
| Citigroup Commercial Mortgage Trust 2023-SMRT | ||||||||
| Series 2023-SMRT A, 5.820%, due 6/10/28(a),(b) | 495,000 | 489,957 | ||||||
| COMM 2012-CCRE4 Mortgage Trust | ||||||||
| Series 2012-CR4 AM, 3.251%, due 10/15/45 | 185,000 | 160,487 | ||||||
| CSAIL 2015-C3 Commercial Mortgage Trust | ||||||||
| Series 2015-C3 A4, 3.718%, due 8/15/48 | 100,000 | 95,140 | ||||||
| CSMC 2020-WEST Trust | ||||||||
| Series 2020-WEST A, 3.040%, due 2/15/35 | 800,000 | 589,010 | ||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| Commercial Mortgage-Backed Securities (continued) | ||||||||
| Mortgage Securities (continued) | ||||||||
| DROP Mortgage Trust 2021-FILE | ||||||||
| Series 2021-FILE A, 6.487%, (TSFR1M + 1.26%), due 10/15/43(a) | $ | 525,000 | $ | 480,258 | ||||
| Extended Stay America Trust 2021-ESH | ||||||||
| Series 2021-ESH B, 6.717%, (TSFR1M + 1.49%), due 7/15/38(a) | 393,938 | 386,040 | ||||||
| Series 2021-ESH D, 7.587%, (TSFR1M + 2.36%), due 7/15/38(a) | 583,220 | 570,065 | ||||||
| FREMF 2016-K58 Mortgage Trust | ||||||||
| Series 2016-K58 B, 3.738%, due 9/25/49(a),(b) | 270,000 | 253,800 | ||||||
| FREMF 2017-K056 Mortgage Trust | ||||||||
| Series 2017-K65 C, 4.078%, due 7/25/50(a),(b) | 580,000 | 539,819 | ||||||
| FREMF 2017-K71 Mortgage Trust | ||||||||
| Series 2017-K71 B, 3.752%, due 11/25/50(a),(b) | 505,000 | 464,249 | ||||||
| FREMF 2018-K082 Mortgage Trust | ||||||||
| Series 2018-K82 C, 4.133%, due 9/25/28(a),(b) | 370,000 | 337,993 | ||||||
| FREMF 2018-K77 Mortgage Trust | ||||||||
| Series 2018-K77 C, 4.161%, due 5/25/51(a),(b) | 245,000 | 225,899 | ||||||
| FREMF 2018-K78 Mortgage Trust | ||||||||
| Series 2018-K78 B, 4.129%, due 6/25/51(a),(b) | 20,000 | 18,642 | ||||||
| Series 2018-K78 C, 4.129%, due 6/25/51(a),(b) | 392,000 | 360,695 | ||||||
| FREMF 2018-K80 Mortgage Trust | ||||||||
| Series 2018-K80 C, 4.232%, due 8/25/50(a),(b) | 323,000 | 298,708 | ||||||
| FREMF 2018-K84 Mortgage Trust | ||||||||
| Series 2018-K84 C, 4.186%, due 10/25/28(a),(b) | 200,000 | 183,799 | ||||||
| FREMF 2018-K86 Mortgage Trust | ||||||||
| Series 2018-K86 C, 4.294%, due 11/25/51(a),(b) | 725,000 | 667,932 | ||||||
| FREMF 2019-K102 Mortgage Trust | ||||||||
| Series 2019-K102 C, 3.531%, due 12/25/51(a),(b) | 685,000 | 597,957 | ||||||
| FREMF 2019-K103 Mortgage Trust | ||||||||
| Series 2019-K103 B, 3.455%, due 12/25/51(a),(b) | 255,000 | 224,381 | ||||||
| FREMF 2019-K90 Mortgage Trust | ||||||||
| Series 2019-K90 C, 4.318%, due 2/25/52(a),(b) | 420,000 | 385,651 | ||||||
| FREMF 2019-K94 Mortgage Trust | ||||||||
| Series 2019-K94 B, 3.965%, due 7/25/52(a),(b) | 395,000 | 359,607 | ||||||
| Series 2019-K94 C, 3.965%, due 7/25/52(a),(b) | 470,000 | 422,191 | ||||||
| FREMF 2019-K95 Mortgage Trust | ||||||||
| Series 2019-K95 C, 3.921%, due 8/25/52(a),(b) | 535,000 | 479,996 | ||||||
| FREMF 2019-K98 Mortgage Trust | ||||||||
| Series 2019-K98 C, 3.738%, due 10/25/52(a),(b) | 85,000 | 75,288 | ||||||
| FREMF 2019-K99 Mortgage Trust | ||||||||
| Series 2019-K99 B, 3.646%, due 10/25/52(a),(b) | 200,000 | 178,356 | ||||||
| FREMF 2020-K104 Mortgage Trust | ||||||||
| Series 2020-K104 C, 3.541%, due 2/25/52(a),(b) | 315,000 | 273,306 | ||||||
| Principal Amount | Value | |||||||
| Commercial Mortgage-Backed Securities (continued) | ||||||||
| Mortgage Securities (continued) | ||||||||
| Hudson Yards 2019-30HY Mortgage Trust | ||||||||
| Series 2019-30HY A, 3.228%, due 7/10/39 | $ | 615,000 | $ | 530,984 | ||||
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-OSB | ||||||||
| Series 2019-OSB A, 3.397%, due 6/5/39 | 315,000 | 271,063 | ||||||
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-2NU | ||||||||
| Series 2021-2NU A, 1.974%, due 1/5/40 | 400,000 | 314,291 | ||||||
| Manhattan West 2020-1MW Mortgage Trust | ||||||||
| Series 2020-1MW A, 2.130%, due 9/10/39 | 505,000 | 432,962 | ||||||
| Series 2020-1MW D, 2.335%, due 9/10/39(a),(b) | 260,000 | 211,182 | ||||||
| Multifamily Connecticut Avenue Securities Trust 2019-01 | ||||||||
| Series 2019-01 M10, 8.434%, (SOFR30A + 3.36%), due 10/25/49(a) | 1,236,952 | 1,217,668 | ||||||
| Multifamily Connecticut Avenue Securities Trust 2020-01 | ||||||||
| Series 2020-01 M10, 8.934%, (SOFR30A + 3.86%), due 3/25/50(a) | 975,000 | 937,580 | ||||||
| One Bryant Park Trust 2019-OBP | ||||||||
| Series 2019-OBP A, 2.516%, due 9/15/54 | 1,180,000 | 961,484 | ||||||
| Slg Office Trust 2021-Ova | ||||||||
| Series 2021-OVA F, 2.851%, due 7/15/41 | 365,000 | 252,625 | ||||||
| SLG Office Trust 2021-OVA | ||||||||
| Series 2021-OVA A, 2.585%, due 7/15/41 | 1,689,000 | 1,361,642 | ||||||
| Wells Fargo Commercial Mortgage Trust 2015-NXS4 | ||||||||
| Series 2015-NXS4 A4, 3.718%, due 12/15/48 | 100,000 | 95,078 | ||||||
| Wells Fargo Commercial Mortgage Trust 2018-AUS | ||||||||
| Series 2018-AUS A, 4.058%, due 8/17/36(a),(b) | 100,000 | 90,218 | ||||||
| WFRBS Commercial Mortgage Trust 2014-C21 | ||||||||
| Series 2014-C21 AS, 3.891%, due 8/15/47 | 500,000 | 475,058 | ||||||
| 22,283,176 | ||||||||
| Total Commercial Mortgage-Backed Securities | ||||||||
| (Cost $23,073,466) | 22,283,176 | |||||||
| Corporate Bonds — 26.2% | ||||||||
| Airlines — 1.5% | ||||||||
| American Airlines 2019-1 Class B Pass Through Trust | ||||||||
| Series 2019-1B, 3.850%, due 2/15/28 | 350,143 | 303,616 | ||||||
| American Airlines 2021-1 Class B Pass Through Trust | ||||||||
| Series 2021-1B, 3.950%, due 7/11/30 | 268,450 | 232,386 | ||||||
| American Airlines, Inc./AAdvantage Loyalty IP Ltd. | ||||||||
| 5.750%, due 4/20/29 | 355,000 | 343,682 | ||||||
| Delta Air Lines Inc / SkyMiles IP Ltd. | ||||||||
| 4.500%, due 10/20/25 | 265,002 | 259,741 | ||||||
| 4.750%, due 10/20/28 | 610,000 | 590,390 | ||||||
| JetBlue 2019-1 Class AA Pass Through Trust | ||||||||
| Series 2019-1, AA2.750%, due 5/15/32 | 816,248 | 693,241 | ||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (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 | $ | 388,000 | $ | 387,978 | ||||
| United Airlines 2020-1 Class A Pass-Through Trust | ||||||||
| Series 2020-1, 5.875%, due 10/15/27 | 365,316 | 363,498 | ||||||
| United Airlines 2023-1 Class A Pass-Through Trust | ||||||||
| 5.800%, due 1/15/36 | 375,000 | 381,143 | ||||||
| 3,555,675 | ||||||||
| Auto Manufacturers — 1.9% | ||||||||
| American Honda Finance Corp. | ||||||||
| 4.700%, due 1/12/28 | 815,000 | 808,549 | ||||||
| Ford Motor Co. | ||||||||
| 4.750%, due 1/15/43 | 45,000 | 35,207 | ||||||
| Ford Motor Credit Co. LLC | ||||||||
| 4.125%, due 8/17/27 | 450,000 | 411,777 | ||||||
| 6.950%, due 3/6/26 | 435,000 | 439,289 | ||||||
| 7.200%, due 6/10/30 | 390,000 | 399,906 | ||||||
| General Motors Co. | ||||||||
| 5.200%, due 4/1/45 | 205,000 | 176,555 | ||||||
| 5.600%, due 10/15/32(f) | 165,000 | 161,592 | ||||||
| General Motors Financial Co., Inc. | ||||||||
| 2.350%, due 1/8/31 | 640,000 | 507,350 | ||||||
| 4.300%, due 4/6/29 | 475,000 | 441,737 | ||||||
| Nissan Motor Acceptance Co. LLC | ||||||||
| 1.125%, due 9/16/24 | 340,000 | 320,158 | ||||||
| 1.850%, due 9/16/26 | 995,000 | 866,764 | ||||||
| 4,568,884 | ||||||||
| Banks — 6.2% | ||||||||
| Bank of America Corp. | ||||||||
| 2.496%, (SOFR + 1.25%), due 2/13/31(a) | 80,000 | 67,024 | ||||||
| 2.572%, (SOFR + 1.21%), due 10/20/32(a) | 940,000 | 762,889 | ||||||
| 2.687%, (SOFR + 1.32%), due 4/22/32(a) | 440,000 | 364,446 | ||||||
| 3.384%, (SOFR + 1.33%), due 4/2/26(a) | 155,000 | 149,087 | ||||||
| 3.419%, (TSFR3M + 1.30%), due 12/20/28(a) | 555,000 | 510,978 | ||||||
| 5.080%, (SOFR + 1.29%), due 1/20/27(a) | 775,000 | 766,696 | ||||||
| Bank of New York Mellon Corp. (The) | ||||||||
| 4.414%, (SOFR + 1.35%), due 7/24/26(a) | 925,000 | 907,521 | ||||||
| Citigroup, Inc. | ||||||||
| 2.520%, (SOFR + 1.18%), due 11/3/32(a) | 825,000 | 663,991 | ||||||
| 3.980%, (TSFR3M + 1.60%), due 3/20/30(a) | 90,000 | 83,445 | ||||||
| 4.125%, due 7/25/28 | 710,000 | 668,279 | ||||||
| 5.300%, due 5/6/44 | 60,000 | 55,748 | ||||||
| Series W, 4.000%, (5 Year US CMT T-Note + 3.60%), due 3/10/72(a) | 70,000 | 62,821 | ||||||
| Series Y, 4.150%, (5 Year US CMT T-Note + 3.00%), due 2/15/72(a) | 205,000 | 171,687 | ||||||
| Citizens Bank NA/Providence RI | ||||||||
| 6.064%, (SOFR + 1.45%), due 10/24/25(a) | 795,000 | 769,738 | ||||||
| Citizens Financial Group, Inc. | ||||||||
| 3.250%, due 4/30/30 | 285,000 | 241,561 | ||||||
| Fifth Third Bancorp | ||||||||
| 4.772%, (SOFR + 2.13%), due 7/28/30(a) | 860,000 | 809,197 | ||||||
| First Horizon Bank | ||||||||
| 5.750%, due 5/1/30 | 666,000 | 593,818 | ||||||
| Goldman Sachs Group, Inc. (The) | ||||||||
| 1.948%, (SOFR + 0.91%), due 10/21/27(a) | 800,000 | 713,537 | ||||||
| 3.500%, due 11/16/26 | 340,000 | 320,655 | ||||||
| Huntington National Bank (The) | ||||||||
| 5.650%, due 1/10/30 | 910,000 | 893,296 | ||||||
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Banks (continued) | ||||||||
| Keybank NA/Cleveland Oh | ||||||||
| 5.850%, due 11/15/27 | $ | 375,000 | $ | 367,644 | ||||
| Keybank NA/Cleveland OH | ||||||||
| 4.150%, due 8/8/25 | 485,000 | 464,144 | ||||||
| Morgan Stanley | ||||||||
| 2.484%, (SOFR + 1.36%), due 9/16/36(a) | 1,190,000 | 912,256 | ||||||
| 2.511%, (SOFR + 1.20%), due 10/20/32(a) | 950,000 | 766,040 | ||||||
| Series G, 4.431%, (TSFR3M + 1.89%), due 1/23/30(a) | 510,000 | 486,801 | ||||||
| Santander Holdings USA, Inc. | ||||||||
| 4.400%, due 7/13/27 | 365,000 | 346,882 | ||||||
| 6.499%, (SOFR + 2.36%), due 3/9/29(a) | 430,000 | 431,878 | ||||||
| Synchrony Bank | ||||||||
| 5.400%, due 8/22/25 | 715,000 | 688,619 | ||||||
| Wells Fargo & Co. | ||||||||
| 5.557%, (SOFR + 1.99%), due 7/25/34(a) | 815,000 | 818,215 | ||||||
| 14,858,893 | ||||||||
| Biotechnology — 0.1% | ||||||||
| Amgen, Inc. | ||||||||
| 5.750%, due 3/2/63 | 305,000 | 306,586 | ||||||
| Building Materials — 0.2% | ||||||||
| Carrier Global Corp. | ||||||||
| 2.722%, due 2/15/30 | 430,000 | 370,966 | ||||||
| Owens Corning | ||||||||
| 4.400%, due 1/30/48 | 85,000 | 70,293 | ||||||
| 441,259 | ||||||||
| Chemicals — 0.5% | ||||||||
| Ecolab, Inc. | ||||||||
| 2.750%, due 8/18/55 | 375,000 | 239,243 | ||||||
| Huntsman International LLC | ||||||||
| 4.500%, due 5/1/29 | 655,000 | 608,190 | ||||||
| LYB International Finance III LLC | ||||||||
| 3.800%, due 10/1/60 | 440,000 | 299,666 | ||||||
| 1,147,099 | ||||||||
| Commercial Services — 0.3% | ||||||||
| Service Corp. International | ||||||||
| 3.375%, due 8/15/30 | 390,000 | 325,177 | ||||||
| United Rentals North America, Inc. | ||||||||
| 3.875%, due 2/15/31 | 555,000 | 478,412 | ||||||
| 803,589 | ||||||||
| Computers — 0.7% | ||||||||
| Apple, Inc. | ||||||||
| 2.700%, due 8/5/51 | 560,000 | 387,023 | ||||||
| Dell International LLC / EMC Corp. | ||||||||
| 3.375%, due 12/15/41 | 650,000 | 462,035 | ||||||
| 4.900%, due 10/1/26 | 480,000 | 474,883 | ||||||
| 5.300%, due 10/1/29 | 490,000 | 488,725 | ||||||
| 1,812,666 | ||||||||
| Diversified Financial Services — 1.5% | ||||||||
| Air Lease Corp. | ||||||||
| 3.250%, due 3/1/25 | 460,000 | 440,749 | ||||||
| Aircastle Ltd. | ||||||||
| 5.250%, (5 Year US CMT T-Note + 4.41%), due 9/15/71(a) | 420,000 | 317,100 | ||||||
| Ally Financial, Inc. | ||||||||
| 6.992%, (SOFR + 3.26%), due 6/13/29(a) | 565,000 | 569,186 | ||||||
| 8.000%, due 11/1/31 | 415,000 | 440,314 | ||||||
| American Express Co. | ||||||||
| 5.625%, (SOFR + 1.93%), due 7/28/34(a) | 345,000 | 344,511 | ||||||
| Aviation Capital Group LLC | ||||||||
| 1.950%, due 1/30/26 | 660,000 | 592,959 | ||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Diversified Financial Services (continued) | ||||||||
| Capital One Financial Corp. | ||||||||
| 6.312%, (SOFR + 2.64%), due 6/8/29(a) | $ | 635,000 | $ | 637,399 | ||||
| OneMain Finance Corp. | ||||||||
| 3.500%, due 1/15/27 | 400,000 | 345,869 | ||||||
| 3,688,087 | ||||||||
| Electric — 4.6% | ||||||||
| AEP Texas, Inc. | ||||||||
| 3.450%, due 5/15/51 | 540,000 | 380,801 | ||||||
| 4.700%, due 5/15/32 | 250,000 | 239,714 | ||||||
| 5.250%, due 5/15/52 | 375,000 | 355,730 | ||||||
| Arizona Public Service Co. | ||||||||
| 6.350%, due 12/15/32 | 665,000 | 703,649 | ||||||
| Baltimore Gas and Electric Co. | ||||||||
| 4.550%, due 6/1/52 | 555,000 | 493,411 | ||||||
| Commonwealth Edison Co. | ||||||||
| 5.300%, due 2/1/53 | 445,000 | 449,047 | ||||||
| Connecticut Light and Power Co. (The) | ||||||||
| 4.000%, due 4/1/48 | 85,000 | 71,601 | ||||||
| Edison International | ||||||||
| Series B, 5.000%, (5 Year US CMT T-Note + 3.90%), due 3/15/72(a) | 510,000 | 440,625 | ||||||
| Florida Power & Light Co. | ||||||||
| 4.800%, due 5/15/33 | 365,000 | 361,766 | ||||||
| Georgia Power Co. | ||||||||
| 4.950%, due 5/17/33 | 755,000 | 743,897 | ||||||
| Indianapolis Power & Light Co. | ||||||||
| 5.650%, due 12/1/32 | 370,000 | 375,774 | ||||||
| National Rural Utilities Cooperative Finance Corp. | ||||||||
| 5.800%, due 1/15/33 | 460,000 | 480,147 | ||||||
| Nevada Power Co. | ||||||||
| Series GG, 5.900%, due 5/1/53 | 345,000 | 353,564 | ||||||
| Northern States Power Co | ||||||||
| 5.100%, due 5/15/53 | 555,000 | 542,737 | ||||||
| NSTAR Electric Co. | ||||||||
| 4.950%, due 9/15/52 | 135,000 | 130,658 | ||||||
| Public Service Electric And Gas Co. | ||||||||
| 4.900%, due 12/15/32 | 1,000,000 | 998,489 | ||||||
| Puget Energy, Inc. | ||||||||
| 4.224%, due 3/15/32 | 540,000 | 484,014 | ||||||
| Puget Sound Energy, Inc. | ||||||||
| 5.448%, due 6/1/53 | 610,000 | 617,771 | ||||||
| Sempra | ||||||||
| 5.500%, due 8/1/33 | 550,000 | 549,870 | ||||||
| Southern California Edison Co. | ||||||||
| 5.700%, due 3/1/53 | 465,000 | 465,419 | ||||||
| 5.950%, due 11/1/32 | 380,000 | 398,641 | ||||||
| Virginia Electric and Power Co. | ||||||||
| 5.450%, due 4/1/53 | 280,000 | 281,525 | ||||||
| Series C, 4.625%, due 5/15/52 | 500,000 | 444,673 | ||||||
| Xcel Energy, Inc. | ||||||||
| 5.450%, due 8/15/33 | 675,000 | 674,102 | ||||||
| 11,037,625 | ||||||||
| Environmental Control — 0.7% | ||||||||
| Clean Harbors, Inc. | ||||||||
| 4.875%, due 7/15/27 | 290,000 | 278,168 | ||||||
| Covanta Holding Corp. | ||||||||
| 4.875%, due 12/1/29 | 801,000 | 707,374 | ||||||
| Waste Connections, Inc. | ||||||||
| 2.200%, due 1/15/32 | 885,000 | 713,863 | ||||||
| 1,699,405 | ||||||||
| Food — 1.1% | ||||||||
| General Mills, Inc. | ||||||||
| 5.241%, due 11/18/25 | 980,000 | 975,490 | ||||||
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Food (continued) | ||||||||
| JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. | ||||||||
| 5.500%, due 1/15/30 | $ | 515,000 | $ | 498,195 | ||||
| 5.750%, due 4/1/33 | 790,000 | 759,204 | ||||||
| Smithfield Foods, Inc. | ||||||||
| 3.000%, due 10/15/30 | 170,000 | 135,570 | ||||||
| 4.250%, due 2/1/27 | 265,000 | 246,201 | ||||||
| 2,614,660 | ||||||||
| Gas — 0.4% | ||||||||
| Brooklyn Union Gas Co. (The) | ||||||||
| 4.866%, due 8/5/32 | 760,000 | 708,935 | ||||||
| Southern California Gas Co. | ||||||||
| 6.350%, due 11/15/52 | 200,000 | 220,461 | ||||||
| 929,396 | ||||||||
| Home Builders — 0.1% | ||||||||
| Lennar Corp. | ||||||||
| 4.750%, due 11/29/27 | 345,000 | 336,008 | ||||||
| Insurance — 0.1% | ||||||||
| Hartford Financial Services Group, Inc. (The) | ||||||||
| Series ICON, 7.446%, (3-Month LIBOR + 2.13%), due 2/12/47(a) | 50,000 | 42,761 | ||||||
| Lincoln National Corp. | ||||||||
| 7.688%, (3-Month LIBOR + 2.36%), due 5/17/66(a) | 50,000 | 35,750 | ||||||
| Protective Life Corp. | ||||||||
| 8.450%, due 10/15/39 | 138,000 | 161,557 | ||||||
| 240,068 | ||||||||
| Internet — 0.2% | ||||||||
| Expedia Group, Inc. | ||||||||
| 3.250%, due 2/15/30 | 520,000 | 457,424 | ||||||
| Lodging — 0.3% | ||||||||
| Marriott International, Inc. | ||||||||
| Series R, 3.125%, due 6/15/26 | 665,000 | 626,572 | ||||||
| Media — 0.6% | ||||||||
| CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
| 4.750%, due 3/1/30 | 285,000 | 247,029 | ||||||
| Charter Communications Operating LLC / Charter Communications Operating Capital | ||||||||
| 3.700%, due 4/1/51 | 825,000 | 523,585 | ||||||
| DISH DBS Corp. | ||||||||
| 5.750%, due 12/1/28 | 415,000 | 319,350 | ||||||
| Time Warner Cable LLC | ||||||||
| 6.750%, due 6/15/39 | 485,000 | 467,425 | ||||||
| 1,557,389 | ||||||||
| Office/Business Equipment — 0.0%(g) | ||||||||
| CDW LLC / CDW Finance Corp. | ||||||||
| 3.250%, due 2/15/29 | 50,000 | 43,610 | ||||||
| Packaging & Containers — 0.6% | ||||||||
| Berry Global, Inc. | ||||||||
| 4.875%, due 7/15/26 | 755,000 | 730,093 | ||||||
| Sealed Air Corp. | ||||||||
| 5.125%, due 12/1/24 | 205,000 | 202,045 | ||||||
| Sealed Air Corp./Sealed Air Corp US | ||||||||
| 6.125%, due 2/1/28 | 500,000 | 497,754 | ||||||
| 1,429,892 | ||||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Pharmaceuticals — 0.3% | ||||||||
| Becton Dickinson and Co. | ||||||||
| 4.669%, due 6/6/47 | $ | 75,000 | $ | 68,632 | ||||
| CVS Health Corp. | ||||||||
| 4.780%, due 3/25/38 | 65,000 | 59,975 | ||||||
| CVS Pass-Through Trust | ||||||||
| 5.926%, due 1/10/34 | 127,044 | 120,068 | ||||||
| ELI Lilly & Co. | ||||||||
| 4.950%, due 2/27/63 | 400,000 | 401,245 | ||||||
| 649,920 | ||||||||
| REITS — 2.1% | ||||||||
| Alexandria Real Estate Equities, Inc. | ||||||||
| 3.375%, due 8/15/31 | 360,000 | 311,761 | ||||||
| American Homes 4 Rent LP | ||||||||
| 2.375%, due 7/15/31 | 1,115,000 | 890,238 | ||||||
| American Tower Corp. | ||||||||
| 3.375%, due 5/15/24 | 445,000 | 436,482 | ||||||
| Digital Realty Trust LP | ||||||||
| 3.600%, due 7/1/29 | 995,000 | 899,133 | ||||||
| Invitation Homes Operating Partnership LP | ||||||||
| 2.000%, due 8/15/31 | 585,000 | 451,673 | ||||||
| Iron Mountain, Inc. | ||||||||
| 4.875%, due 9/15/29 | 205,000 | 184,914 | ||||||
| 5.250%, due 7/15/30 | 120,000 | 108,480 | ||||||
| ProLogis LP | ||||||||
| 2.875%, due 11/15/29 | 430,000 | 377,856 | ||||||
| 5.125%, due 1/15/34 | 640,000 | 639,774 | ||||||
| Starwood Property Trust, Inc. | ||||||||
| 3.750%, due 12/31/24 | 50,000 | 47,750 | ||||||
| 4.375%, due 1/15/27 | 680,000 | 603,500 | ||||||
| 4,951,561 | ||||||||
| Retail — 0.3% | ||||||||
| AutoNation, Inc. | ||||||||
| 4.750%, due 6/1/30 | 410,000 | 385,816 | ||||||
| Nordstrom, Inc. | ||||||||
| 4.250%, due 8/1/31 | 455,000 | 358,813 | ||||||
| 744,629 | ||||||||
| Semiconductors — 0.2% | ||||||||
| Broadcom, Inc. | ||||||||
| 5.000%, due 4/15/30(f) | 565,000 | 555,628 | ||||||
| Software — 0.5% | ||||||||
| Broadridge Financial Solutions, Inc. | ||||||||
| 2.900%, due 12/1/29 | 330,000 | 285,556 | ||||||
| Fidelity National Information Services, Inc. | ||||||||
| 5.100%, due 7/15/32(f) | 715,000 | 708,985 | ||||||
| MSCI, Inc. | ||||||||
| 3.250%, due 8/15/33 | 360,000 | 293,660 | ||||||
| 1,288,201 | ||||||||
| Telecommunications — 0.7% | ||||||||
| AT&T, Inc. | ||||||||
| 3.500%, due 9/15/53 | 875,000 | 593,443 | ||||||
| 5.400%, due 2/15/34 | 360,000 | 354,168 | ||||||
| Sprint Spectrum Co., LLC / Sprint Spectrum Co., II LLC / Sprint Spectrum Co., III LLC | ||||||||
| 4.738%, due 3/20/25 | 269,063 | 266,073 | ||||||
| T-Mobile USA, Inc. | ||||||||
| 2.625%, due 2/15/29 | 580,000 | 504,657 | ||||||
| 1,718,341 | ||||||||
| Transportation — 0.4% | ||||||||
| Burlington Northern Santa Fe LLC | ||||||||
| 4.450%, due 1/15/53 | 535,000 | 486,558 | ||||||
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Transportation (continued) | ||||||||
| 5.200%, due 4/15/54 | $ | 475,000 | $ | 477,273 | ||||
| 963,831 | ||||||||
| Water — 0.1% | ||||||||
| American Water Capital Corp. | ||||||||
| 3.250%, due 6/1/51 | 460,000 | 328,860 | ||||||
| Total Corporate Bonds | ||||||||
| (Cost $65,995,902) | 63,355,758 | |||||||
| Foreign Bonds — 11.9% | ||||||||
| Airlines — 0.4% | ||||||||
| British Airways 2021-1 Class A Pass-Through Trust, (United Kingdom) | ||||||||
| Series 2021-1A, A2.900%, due 3/15/35 | 1,050,235 | 884,985 | ||||||
| Auto Manufacturers — 1.0% | ||||||||
| BMW US Capital LLC, (Germany) | ||||||||
| 3.450%, due 4/1/27 | 655,000 | 623,339 | ||||||
| Mercedes-Benz Finance North America LLC, (Germany) | ||||||||
| 4.950%, due 3/30/25 | 1,210,000 | 1,202,510 | ||||||
| 5.100%, due 8/3/28 | 500,000 | 499,410 | ||||||
| 2,325,259 | ||||||||
| Banks — 8.0% | ||||||||
| Banco Santander SA, (Spain) | ||||||||
| 4.175%, (1 Year US CMT T-Note + 2.00%), due 3/24/28(a) | 415,000 | 390,949 | ||||||
| 5.294%, due 8/18/27 | 600,000 | 589,233 | ||||||
| Bank of Montreal, (Canada) | ||||||||
| 3.700%, due 6/7/25 | 380,000 | 367,802 | ||||||
| Barclays PLC, (United Kingdom) | ||||||||
| 4.375%, (5 Year US CMT T-Note + 3.41%), due 12/15/71(a) | 585,000 | 425,437 | ||||||
| 5.200%, due 5/12/26 | 750,000 | 730,392 | ||||||
| 8.000%, (5 Year US CMT T-Note + 5.43%), due 12/15/71(a) | 320,000 | 297,600 | ||||||
| BNP Paribas SA, (France) | ||||||||
| 3.052%, (SOFR + 1.51%), due 1/13/31(a) | 560,000 | 479,576 | ||||||
| 4.625%, (5 Year US CMT T-Note + 3.20%), due 7/12/71(a) | 465,000 | 391,218 | ||||||
| 4.625%, (5 Year US CMT T-Note + 3.34%), due 8/25/71(a) | 240,000 | 183,535 | ||||||
| 7.750%, (5 Year US CMT T-Note + 4.90%), due 2/16/71(a) | 220,000 | 218,988 | ||||||
| Bpce SA, (France) | ||||||||
| 5.125%, due 1/18/28 | 450,000 | 442,724 | ||||||
| BPCE SA, (France) | ||||||||
| 2.045%, (SOFR + 1.09%), due 10/19/27(a) | 1,220,000 | 1,079,376 | ||||||
| Canadian Imperial Bank of Commerce, (Canada) | ||||||||
| 3.300%, due 4/7/25 | 465,000 | 447,731 | ||||||
| Cooperatieve Rabobank UA, (Netherlands) | ||||||||
| 3.649%, (1 Year US CMT T-Note + 1.22%), due 4/6/28(a) | 870,000 | 808,719 | ||||||
| Credit Agricole SA, (France) | ||||||||
| 4.750%, (5 Year US CMT T-Note + 3.24%), due 3/23/72(a) | 560,000 | 457,184 | ||||||
| Credit Suisse Group AG, (Switzerland) | ||||||||
| 6.442%, (SOFR + 3.70%), due 8/11/28(a) | 550,000 | 558,458 | ||||||
| Deutsche Bank AG, (Germany) | ||||||||
| 3.729%, (SOFR + 2.76%), due 1/14/32(a) | 700,000 | 545,959 | ||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| Foreign Bonds (continued) | ||||||||
| Banks (continued) | ||||||||
| Deutsche Bank AG/New York NY, (Germany) | ||||||||
| 2.552%, (SOFR + 1.32%), due 1/7/28(a) | $ | 890,000 | $ | 781,936 | ||||
| Intesa Sanpaolo SpA, (Italy) | ||||||||
| 7.000%, due 11/21/25 | 830,000 | 843,585 | ||||||
| Kreditanstalt fuer Wiederaufbau, (Germany) | ||||||||
| 2.500%, due 11/20/24 | 190,000 | 183,193 | ||||||
| Lloyds Banking Group PLC, (United Kingdom) | ||||||||
| 4.450%, due 5/8/25 | 95,000 | 92,574 | ||||||
| 4.582%, due 12/10/25 | 775,000 | 747,130 | ||||||
| 4.976%, (1 Year US CMT T-Note + 2.30%), due 8/11/33(a) | 580,000 | 545,711 | ||||||
| Macquarie Group Ltd., (Australia) | ||||||||
| 2.871%, (SOFR + 1.53%), due 1/14/33(a) | 660,000 | 523,748 | ||||||
| 4.098%, (SOFR + 2.13%), due 6/21/28(a) | 420,000 | 396,619 | ||||||
| Mitsubishi UFJ Financial Group, Inc., (Japan) | ||||||||
| 2.309%, (1 Year US CMT T-Note + 0.95%), due 7/20/32(a) | 1,085,000 | 864,692 | ||||||
| Mizuho Financial Group, Inc., (Japan) | ||||||||
| 3.261%, (1 Year US CMT T-Note + 1.25%), due 5/22/30(a) | 395,000 | 349,026 | ||||||
| NatWest Group PLC, (United Kingdom) | ||||||||
| 4.892%, (3-Month LIBOR + 1.75%), due 5/18/29(a) | 905,000 | 865,046 | ||||||
| Royal Bank of Canada, (Canada) | ||||||||
| Series G, 6.033%, (SOFR + 0.71%), due 1/21/27(a) | 555,000 | 546,813 | ||||||
| Societe Generale SA, (France) | ||||||||
| 3.337%, (1 Year US CMT T-Note + 1.60%), due 1/21/33(a) | 535,000 | 435,738 | ||||||
| 4.750%, (5 Year US CMT T-Note + 3.93%), due 11/26/71(a) | 435,000 | 365,670 | ||||||
| 5.375%, (5 Year US CMT T-Note + 4.51%), due 5/18/72(a) | 330,000 | 263,208 | ||||||
| Sumitomo Mitsui Financial Group, Inc., (Japan) | ||||||||
| 1.902%, due 9/17/28 | 865,000 | 727,112 | ||||||
| Swedbank AB, (Sweden) | ||||||||
| 3.356%, due 4/4/25 | 465,000 | 446,932 | ||||||
| UBS Group AG, (Switzerland) | ||||||||
| 1.364%, (1 Year US CMT T-Note + 1.08%), due 1/30/27(a) | 285,000 | 252,969 | ||||||
| 4.375%, (5 Year US CMT T-Note + 3.31%), due 8/10/71(a) | 400,000 | 298,420 | ||||||
| 4.875%, (5 Year US CMT T-Note + 3.40%), due 8/12/71(a) | 150,000 | 124,687 | ||||||
| Westpac Banking Corp., (Australia) | ||||||||
| 3.020%, (5 Year US CMT T-Note + 1.53%), due 11/18/36(a) | 635,000 | 488,854 | ||||||
| 5.457%, due 11/18/27 | 740,000 | 753,196 | ||||||
| 19,311,740 | ||||||||
| Chemicals — 0.3% | ||||||||
| Ineos Finance PLC, (Luxembourg) | ||||||||
| 6.750%, due 5/15/28 | 750,000 | 715,462 | ||||||
| Diversified Financial Services — 0.6% | ||||||||
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust, (Ireland) | ||||||||
| 3.000%, due 10/29/28 | 200,000 | 174,496 | ||||||
| Avolon Holdings Funding Ltd., (Ireland) | ||||||||
| 2.875%, due 2/15/25 | 525,000 | 493,420 | ||||||
| Principal Amount | Value | |||||||
| Foreign Bonds (continued) | ||||||||
| Diversified Financial Services (continued) | ||||||||
| Banco BTG Pactual SA/Cayman Islands, (Brazil) | ||||||||
| 2.750%, due 1/11/26 | $ | 545,000 | $ | 496,448 | ||||
| Nomura Holdings, Inc., (Japan) | ||||||||
| 5.099%, due 7/3/25 | 440,000 | 433,506 | ||||||
| 1,597,870 | ||||||||
| Electric — 0.3% | ||||||||
| Transalta Corp., (Canada) | ||||||||
| 7.750%, due 11/15/29 | 830,000 | 861,125 | ||||||
| Food — 0.2% | ||||||||
| MARB Bondco PLC, (Brazil) | ||||||||
| 3.950%, due 1/29/31 | 560,000 | 414,736 | ||||||
| Pharmaceuticals — 0.4% | ||||||||
| Teva Pharmaceutical Finance Netherlands III BV, (Israel) | ||||||||
| 3.150%, due 10/1/26 | 250,000 | 226,167 | ||||||
| 4.750%, due 5/9/27 | 575,000 | 535,996 | ||||||
| 7.875%, due 9/15/29 | 220,000 | 229,016 | ||||||
| 991,179 | ||||||||
| Savings & Loans — 0.5% | ||||||||
| Nationwide Building Society, (United Kingdom) | ||||||||
| 2.972%, (SOFR + 1.29%), due 2/16/28(a) | 655,000 | 592,972 | ||||||
| 4.850%, due 7/27/27 | 600,000 | 583,442 | ||||||
| 1,176,414 | ||||||||
| Telecommunications — 0.2% | ||||||||
| Altice France SA, (France) | ||||||||
| 5.125%, due 7/15/29 | 565,000 | 395,678 | ||||||
| Total Foreign Bonds | ||||||||
| (Cost $30,140,086) | 28,674,448 | |||||||
| Foreign Government Obligations — 0.3% | ||||||||
| Colombia Government International Bond, (Colombia) | ||||||||
| 7.500%, due 2/2/34 | 375,000 | 378,518 | ||||||
| Inter-American Development Bank, (Supranational) | ||||||||
| 0.875%,due 4/3/25(f) | 200,000 | 186,420 | ||||||
| International Bank for Reconstruction & Development, (Supranational) | ||||||||
| 0.625%, due 4/22/25 | 200,000 | 185,266 | ||||||
| Total Foreign Government Obligations | ||||||||
| (Cost $772,427) | 750,204 | |||||||
| U.S. Treasury Bonds — 5.0% | ||||||||
| U.S. Treasury Bond, 3.625%, due 5/15/53 | 795,000 | 742,704 | ||||||
| U.S. Treasury Bond, 3.875%, due 5/15/43(f) | 11,775,000 | 11,256,164 | ||||||
| 11,998,868 | ||||||||
| Total U.S. Treasury Bonds | ||||||||
| (Cost $12,159,221) | 11,998,868 | |||||||
| U.S. Treasury Notes — 2.2% | ||||||||
| U.S. Treasury Note, 3.375%, due 5/15/33 | 5,425,000 | 5,174,942 | ||||||
| U.S. Treasury Note, 4.125%, due 7/31/28 | 95,000 | 94,829 | ||||||
| 5,269,771 | ||||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| U.S. Treasury Notes (continued) | ||||||||
| Total U.S. Treasury Notes | ||||||||
| (Cost $5,362,733) | $ | 5,269,771 | ||||||
| United States Government Agency Mortgage-Backed Securities — 21.7% | ||||||||
| Mortgage Securities — 21.7% | ||||||||
| Fannie Mae Interest Strip | ||||||||
| Series 2022-426 C32, 1.500% due 2/25/52(c) | 2,382,763 | 223,420 | ||||||
| Series 2023-429 C5, 3.000% due 10/25/52(c) | 2,166,365 | 374,280 | ||||||
| Fannie Mae Pool | ||||||||
| Series 2021-BT0472 2.000% due 7/1/51 | 86,236 | 70,006 | ||||||
| Series 2022-CB5401 4.500% due 12/1/52 | 920,054 | 880,837 | ||||||
| Series 2022-FN BW6232 5.000% due 9/1/52 | 505,026 | 493,494 | ||||||
| Series 2022-FS2058 4.000% due 6/1/52 | 712,710 | 665,502 | ||||||
| Series 2022-FS3643 5.500% due 11/1/52 | 347,705 | 346,367 | ||||||
| Series 2022-MA4626 4.000% due 6/1/52 | 1,749,240 | 1,633,557 | ||||||
| Series 2022-MA4644 4.000% due 5/1/52 | 893,262 | 834,189 | ||||||
| Series 2022-MA4655 4.000% due 7/1/52 | 1,176,259 | 1,098,467 | ||||||
| Series 2022-MA4709 5.000% due 7/1/52 | 316,690 | 309,493 | ||||||
| Series 2023-FN BY3520 5.500% due 6/1/53 | 271,498 | 269,792 | ||||||
| Series 2023-FN MA5020 5.000% due 5/1/43 | 1,124,704 | 1,106,258 | ||||||
| Series 2023-FS3904 5.000% due 3/1/53 | 248,403 | 242,838 | ||||||
| Series 2023-MA4919 5.500% due 2/1/53 | 838,243 | 832,453 | ||||||
| Series 2023-MA4940 5.000% due 3/1/53 | 3,902,639 | 3,812,030 | ||||||
| Series 2023-MA4942 6.000% due 3/1/53 | 590,719 | 594,247 | ||||||
| Fannie Mae REMICS | ||||||||
| 0.000% due 7/25/54(d)(e) | 538,551 | 427,750 | ||||||
| Series 2016-57 SN, 0.867% (SOFR30A + 5.94%), due 6/25/46(a)(c) | 551,021 | 55,120 | ||||||
| Series 2017-83 CZ, 3.000% due 10/25/47 | 857,510 | 734,835 | ||||||
| Series 2019-32 SB, 0.867% (SOFR30A + 5.94%), due 6/25/49(a)(c) | 1,181,487 | 110,602 | ||||||
| Series 2020-47 BD, 1.500% due 7/25/50 | 174,558 | 126,902 | ||||||
| Series 2020-49 PB, 1.750% due 7/25/50 | 150,683 | 117,537 | ||||||
| Series 2020-70 SD, 1.067% (SOFR30A + 6.14%), due 10/25/50(a)(c) | 894,148 | 110,110 | ||||||
| Series 2021-10 LI, 2.500% due 3/25/51(c) | 521,204 | 74,247 | ||||||
| Series 2021-12 JI, 2.500% due 3/25/51(c) | 662,282 | 97,019 | ||||||
| Series 2021-3 TI, 2.500% due 2/25/51(c) | 2,198,907 | 378,755 | ||||||
| Series 2021-34 IS, (SOFR30A + 2.91%), due 11/25/42(a)(c) | 2,459,794 | 58,580 | ||||||
| Series 2021-34 MI, 2.500% due 3/25/51(c) | 960,810 | 112,379 | ||||||
| Series 2021-40 SI, 0.767% (SOFR30A + 5.84%), due 9/25/47(a)(c) | 1,114,084 | 100,448 | ||||||
| Series 2021-54 HI, 2.500% due 6/25/51(c) | 206,214 | 24,512 | ||||||
| Series 2021-8 ID, 3.500% due 3/25/51(c) | 768,486 | 149,747 | ||||||
| Series 2021-95 KI, 2.500% due 4/25/51(c) | 2,575,276 | 348,630 | ||||||
| Series 2022-10 SA, 0.681% (SOFR30A + 5.75%), due 2/25/52(a)(c) | 869,303 | 103,464 | ||||||
| Series 2022-5 SN, (SOFR30A + 1.80%), due 2/25/52(a)(c) | 373,659 | 3,233 | ||||||
| Freddie Mac Pool | ||||||||
| 4.000% due 9/1/52 | 451,842 | 423,045 | ||||||
| 4.500% due 11/1/52 | 2,907,967 | 2,783,935 | ||||||
| Series 2019-SD8030 3.000% due 12/1/49 | 215,509 | 190,234 | ||||||
| Series 2022-SD8215 4.000% due 5/1/52 | 929,939 | 868,067 | ||||||
| Series 2022-SD8257 4.500% due 10/1/52 | 380,051 | 363,850 | ||||||
| Series 2023-FR RA8647 4.500% due 5/1/53 | 429,996 | 411,645 | ||||||
| Principal Amount | Value | |||||||
| United States Government Agency Mortgage-Backed Securities (continued) | ||||||||
| Mortgage Securities (continued) | ||||||||
| Series 2023-FR RB5244 5.000% due 7/1/43 | $ | 988,257 | $ | 971,895 | ||||
| Series 2023-FR SD3392 5.500% due 7/1/53 | 670,000 | 665,725 | ||||||
| Series 2023-FR SD8344 6.500% due 7/1/53 | 673,725 | 687,046 | ||||||
| Freddie Mac REMICS | ||||||||
| 0.000% due 9/25/50(d)(e) | 865,000 | 659,596 | ||||||
| 0.000% due 8/25/53(d)(e) | 270,000 | 233,861 | ||||||
| 0.000% due 1/25/55(d)(e) | 424,382 | 334,799 | ||||||
| Series 2012-4120 ZA, 3.000% due 10/15/42 | 414,006 | 364,887 | ||||||
| Series 2017-4710 WZ, 3.500% due 8/15/47 | 516,480 | 460,765 | ||||||
| Series 2017-4725 WZ, 3.500% due 11/15/47 | 916,929 | 816,853 | ||||||
| Series 2020-4988 BA, 1.500% due 6/25/50 | 196,399 | 142,887 | ||||||
| Series 2020-4993 KS, 0.867% (SOFR30A + 5.94%), due 7/25/50(a)(c) | 1,597,591 | 202,169 | ||||||
| Series 2020-4994 TS, 0.917% (SOFR30A + 5.99%), due 7/25/50(a)(c) | 877,878 | 100,486 | ||||||
| Series 2020-5021 SA, (SOFR30A + 3.55%), due 10/25/50(a)(c) | 854,370 | 20,275 | ||||||
| Series 2020-5031 IQ, 2.500% due 10/25/50(c) | 536,969 | 73,170 | ||||||
| Series 2020-5036 IO, 3.500% due 11/25/50(c) | 633,613 | 121,870 | ||||||
| Series 2020-5038 IB, 2.500% due 10/25/50(c) | 528,739 | 77,784 | ||||||
| Series 2020-5038 KA, 1.500% due 11/25/50 | 356,218 | 265,318 | ||||||
| Series 2020-5040 IO, 3.500% due 11/25/50(c) | 841,396 | 133,424 | ||||||
| Series 2021-5070 PI, 3.000% due 8/25/50(c) | 911,361 | 138,523 | ||||||
| Series 2021-5149 LI, 2.500% due 10/25/51(c) | 1,783,245 | 223,805 | ||||||
| Series 2021-5187 SA, (SOFR30A + 1.80%), due 1/25/52(a)(c) | 660,058 | 6,365 | ||||||
| Series 2022-5191 IO, 3.500% due 9/25/50(c) | 957,063 | 174,040 | ||||||
| Series 2022-5204 KA, 3.000% due 5/25/49 | 985,570 | 883,833 | ||||||
| Series 2022-5268 B, 4.500% due 10/25/52 | 397,761 | 376,679 | ||||||
| Series 2023-5304 UB, 4.000% due 2/25/52 | 690,997 | 642,083 | ||||||
| Series 2023-5328 JY, 0.250% due 9/25/50 | 795,000 | 536,159 | ||||||
| Freddie Mac Strips | ||||||||
| 0.000% due 8/15/42(d)(e) | 566,235 | 425,556 | ||||||
| Series 2013-311 0.000% due 8/15/43(d)(e) | 173,434 | 129,176 | ||||||
| Series 2013-311 S1, 0.768% (SOFR30A + 5.84%), due 8/15/43(a)(c) | 878,955 | 85,927 | ||||||
| Series 2022-389 C35, 2.000% due 6/15/52(c) | 1,337,108 | 166,511 | ||||||
| Government National Mortgage Association | ||||||||
| Series 2019-110 FG, 3.500% (TSFR1M + 0.76%), due 9/20/49(a) | 259,940 | 227,581 | ||||||
| Series 2019-128 KF, 3.500% (TSFR1M + 0.76%), due 10/20/49(a) | 391,887 | 347,096 | ||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Principal Amount | Value | |||||||
| United States Government Agency Mortgage-Backed Securities (continued) | ||||||||
| Mortgage Securities (continued) | ||||||||
| Series 2019-128 YF, 3.500% (TSFR1M + 0.76%), due 10/20/49(a) | $ | 507,644 | $ | 448,524 | ||||
| Series 2019-136 YS, (TSFR1M + 2.72%), due 11/20/49(a)(c) | 310,892 | 3,432 | ||||||
| Series 2019-159 P, 2.500% due 9/20/49 | 1,135,327 | 979,357 | ||||||
| Series 2019-92 GF, 3.500% (TSFR1M + 0.80%), due 7/20/49(a) | 358,863 | 317,948 | ||||||
| Series 2019-97 FG, 3.500% (TSFR1M + 0.80%), due 8/20/49(a) | 745,168 | 660,784 | ||||||
| Series 2020-1 YS, (TSFR1M + 2.72%), due 1/20/50(a)(c) | 1,411,050 | 17,063 | ||||||
| Series 2020-129 SB, (TSFR1M + 3.09%), due 9/20/50(a)(c) | 1,987,723 | 26,797 | ||||||
| Series 2020-146 KI, 2.500% due 10/20/50(c) | 1,564,163 | 201,350 | ||||||
| Series 2020-146 SA, 0.931% (TSFR1M + 6.19%), due 10/20/50(a)(c) | 984,316 | 119,116 | ||||||
| Series 2020-146 YK, 1.000% due 10/20/50 | 645,950 | 488,222 | ||||||
| Series 2020-151 TI, 2.500% due 10/20/50(c) | 929,423 | 120,887 | ||||||
| Series 2020-165 UD, 1.500% due 11/20/50 | 278,493 | 209,924 | ||||||
| Series 2020-167 SN, 0.931% (TSFR1M + 6.19%), due 11/20/50(a)(c) | 531,387 | 61,125 | ||||||
| Series 2020-173 EI, 2.500% due 11/20/50(c) | 1,039,511 | 140,509 | ||||||
| Series 2020-175 CS, 0.931% (TSFR1M + 6.19%), due 11/20/50(a)(c) | 1,109,983 | 134,751 | ||||||
| Series 2020-176 AI, 2.000% due 11/20/50(c) | 641,815 | 63,386 | ||||||
| Series 2020-185 BI, 2.000% due 12/20/50(c) | 783,891 | 87,026 | ||||||
| Series 2020-189 SU, 0.931% (TSFR1M + 6.19%), due 12/20/50(a)(c) | 658,174 | 82,751 | ||||||
| Series 2021-1 IT, 3.000% due 1/20/51(c) | 1,454,476 | 215,104 | ||||||
| Series 2021-1 PI, 2.500% due 12/20/50(c) | 840,322 | 106,884 | ||||||
| Series 2021-125 AF, 3.500% (SOFR30A + 0.25%), due 7/20/51(a) | 792,213 | 702,915 | ||||||
| Series 2021-140 GF, 2.500% (TSFR1M + 0.76%), due 8/20/51(a) | 553,490 | 455,474 | ||||||
| Series 2021-146 IN, 3.500% due 8/20/51(c) | 1,213,622 | 189,719 | ||||||
| Series 2021-149 CI, 2.500% due 8/20/51(c) | 1,363,910 | 176,189 | ||||||
| Series 2021-158 SB, (SOFR30A + 3.70%), due 9/20/51(a)(c) | 1,028,116 | 29,386 | ||||||
| Series 2021-177 CI, 2.500% due 10/20/51(c) | 1,041,684 | 135,497 | ||||||
| Series 2021-177 SB, (SOFR30A + 3.20%), due 10/20/51(a)(c) | 7,399,598 | 96,261 | ||||||
| Series 2021-179 SA, 0.931% (TSFR1M + 6.19%), due 11/20/50(a)(c) | 1,509,820 | 176,719 | ||||||
| Series 2021-188 IO, 2.500% due 10/20/51(c) | 1,599,313 | 237,427 | ||||||
| Series 2021-205 DS, (SOFR30A + 3.20%), due 11/20/51(a)(c) | 3,397,440 | 43,484 | ||||||
| Series 2021-30 DI, 2.500% due 2/20/51(c) | 1,360,852 | 184,879 | ||||||
| Series 2021-41 FS, 2.000% (SOFR30A + 0.20%), due 10/20/50(a)(c) | 1,177,765 | 112,335 | ||||||
| Series 2021-42 BI, 2.500% due 3/20/51(c) | 638,722 | 86,768 | ||||||
| Series 2021-46 QS, 0.931% (TSFR1M + 6.19%), due 3/20/51(a)(c) | 600,764 | 70,930 | ||||||
| Principal Amount | Value | |||||||
| United States Government Agency Mortgage-Backed Securities (continued) | ||||||||
| Mortgage Securities (continued) | ||||||||
| Series 2021-46 TS, 0.931% (TSFR1M + 6.19%), due 3/20/51(a)(c) | $ | 767,873 | $ | 91,456 | ||||
| Series 2021-49 SB, 0.931% (TSFR1M + 6.19%), due 3/20/51(a)(c) | 885,828 | 104,068 | ||||||
| Series 2021-57 SA, 0.931% (TSFR1M + 6.19%), due 3/20/51(a)(c) | 1,193,229 | 139,727 | ||||||
| Series 2021-57 SD, 0.931% (TSFR1M + 6.19%), due 3/20/51(a)(c) | 1,546,723 | 179,826 | ||||||
| Series 2021-74 HI, 3.000% due 4/20/51(c) | 191,822 | 27,565 | ||||||
| Series 2021-83 FM, 2.500% (SOFR30A + 0.51%), due 5/20/51(a) | 1,655,577 | 1,335,504 | ||||||
| Series 2021-97 FA, 3.000% (SOFR30A + 0.40%), due 6/20/51(a) | 343,846 | 288,754 | ||||||
| Series 2021-97 IN, 2.500% due 8/20/49(c) | 2,550,230 | 259,475 | ||||||
| Series 2021-97 SA, (SOFR30A + 2.60%), due 6/20/51(a)(c) | 4,970,092 | 55,435 | ||||||
| Series 2021-97 SM, 0.931% (TSFR1M + 6.19%), due 6/20/51(a)(c) | 1,365,844 | 165,884 | ||||||
| Series 2021-98 IN, 3.000% due 6/20/51(c) | 626,507 | 108,260 | ||||||
| Series 2022-1 IA, 2.500% due 6/20/50(c) | 383,220 | 50,780 | ||||||
| Series 2022-10 IC, 2.000% due 11/20/51(c) | 1,131,083 | 133,628 | ||||||
| Series 2022-137 S, 0.931% (TSFR1M + 6.19%), due 7/20/51(a)(c) | 1,362,399 | 156,968 | ||||||
| Series 2022-189 AT, 3.000% due 7/20/51 | 783,968 | 678,680 | ||||||
| Series 2022-19 SG, (SOFR30A + 2.45%), due 1/20/52(a)(c) | 1,716,571 | 13,722 | ||||||
| Series 2022-206 CN, 3.000% due 2/20/52 | 568,924 | 490,851 | ||||||
| Series 2022-206 WN, 4.000% due 10/20/49 | 915,782 | 856,541 | ||||||
| Series 2022-24 SC, (SOFR30A + 2.37%), due 2/20/52(a)(c) | 15,180,425 | 101,290 | ||||||
| Series 2022-34 HS, (SOFR30A + 4.10%), due 2/20/52(a)(c) | 2,402,750 | 97,463 | ||||||
| Series 2023-19 CI, 3.000% due 11/20/51(c) | 1,321,551 | 187,902 | ||||||
| Series 2023-19 IO, 2.500% due 2/20/51(c) | 1,886,694 | 251,176 | ||||||
| Series 2023-38 WT, 6.777% due 12/20/51(a),(b) | 313,940 | 335,876 | ||||||
| Series 2023-53 0.000% due 4/20/53(d)(e) | 343,020 | 271,137 | ||||||
| Series 2023-55 CG, 7.466% due 7/20/51(a),(b) | 827,826 | 911,505 | ||||||
| Series 2023-55 LB, 7.925% due 11/20/51(a),(b) | 896,125 | 1,040,793 | ||||||
| Series 2023-56 0.000% due 7/20/52(d)(e) | 791,612 | 702,538 | ||||||
| Series 2023-59 YC, 6.933% due 9/20/51(a),(b) | 708,362 | 773,513 | ||||||
| Series 2023-60 ES, 1.063% (SOFR30A + 11.20%), due 4/20/53(a) | 791,598 | 713,801 | ||||||
| Series 2023-63 MA, 3.500% due 5/20/50 | 1,392,788 | 1,260,699 | ||||||
| Series 2023-66 MP, 2.163% (SOFR30A + 12.30%), due 5/20/53(a) | 757,374 | 700,148 | ||||||
| Series 2023-86 SE, 1.582% (SOFR30A + 6.65%), due 9/20/50(a)(c) | 944,281 | 117,041 | ||||||
| 52,442,949 | ||||||||
| Total United States Government Agency Mortgage-Backed Securities | ||||||||
| (Cost $53,945,655) | 52,442,949 | |||||||
Schedule of Investments ─ IQ MacKay ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Shares | Value | |||||||
| Short-Term Investment — 6.6% | ||||||||
| U.S. Treasury Bill — 0.5% | ||||||||
| U.S. Treasury Bill, 5.360%, due 9/28/23(d) | ||||||||
| (Cost $1,189,857) | $ | 1,200,000 | $ | 1,189,784 | ||||
| Money Market Funds — 6.1% | ||||||||
| Dreyfus Government Cash Management Fund, Institutional Shares, 5.20%(h)(i) | 12,025,987 | 12,025,987 | ||||||
| BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 5.16%(h) | 2,687,882 | 2,687,882 | ||||||
| Total Short-Term Investment (Cost $15,903,726) | 15,903,653 | |||||||
| Total Investments — 104.1% | ||||||||
| (Cost $257,690,413) | 251,160,916 | |||||||
| Other Assets and Liabilities, Net — (4.1)% | (9,842,049 | ) | ||||||
| Net Assets — 100.0% | $ | 241,318,867 | ||||||
| (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, 2023. |
| (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) | Interest only security. An interest only security is the interest only portion of a fixed income security, which is separated and sold individually from the principal portion of the security. |
| (d) | The security was issued on a discount basis with no stated coupon rate. Rate shown reflects the effective yield. |
| (e) | A principal only security is the principal only portion of a fixed income security, which is separated and sold individually from the interest portion of the security. |
| (f) | 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 $850,201; total market value of collateral held by the Fund was $12,025,987. |
| (g) | Less than 0.05%. |
| (h) | Reflects the 7-day yield at July 31, 2023. |
| (i) | Represents security purchased with cash collateral received for securities on loan. |
| 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 ESG Core Plus Bond ETF (continued)
July 31, 2023 (unaudited)
| Open futures contracts outstanding at July 31, 2023: | ||||||||||||||||||||
| Type | Broker | Expiration Date | Number of Contracts Purchased (Sold) | Notional Value at Trade Date | Notional Value at July 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||||||||
| U.S. 10 year Note (CBT) | Citigroup Global Markets Inc. | September 2023 | 213 | $ | 24,219,323 | $ | 23,729,531 | $ | (489,792 | ) | ||||||||||
| U.S. 10 Year Ultra Note | Citigroup Global Markets Inc. | September 2023 | 53 | 6,276,598 | 6,200,172 | (76,426 | ) | |||||||||||||
| U.S. 2 year Note (CBT) | RBC Capital Markets | September 2023 | 62 | 12,745,934 | 12,587,937 | (157,997 | ) | |||||||||||||
| U.S. 5 year Note (CBT) | Citigroup Global Markets Inc. | September 2023 | (64) | (6,898,595 | ) | (6,836,500 | ) | 62,095 | ||||||||||||
| U.S. Long Bond (CBT) | Citigroup Global Markets Inc. | September 2023 | 31 | 3,931,753 | 3,857,563 | (74,190 | ) | |||||||||||||
| U.S. Ultra Bond (CBT) | Citigroup Global Markets Inc. | September 2023 | 84 | 11,398,880 | 11,106,375 | (292,505 | ) | |||||||||||||
| $ | (1,028,815 | ) | ||||||||||||||||||
| CBT — Chicago Board of Trade | ||||||||||||||||||||
| Cash posted as collateral to broker for futures contracts was $1,215,480 at July 31, 2023. | ||||||||||||||||||||
| 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:(j) | ||||||||||||||||
| Collateralized Mortgage Obligations | $ | — | $ | 26,699,203 | $ | — | $ | 26,699,203 | ||||||||
| Commercial Asset-Backed Securities | — | 23,782,886 | — | 23,782,886 | ||||||||||||
| Commercial Mortgage-Backed Securities | — | 22,283,176 | — | 22,283,176 | ||||||||||||
| Corporate Bonds | — | 63,355,758 | — | 63,355,758 | ||||||||||||
| Foreign Bonds | — | 28,674,448 | — | 28,674,448 | ||||||||||||
| Foreign Government Obligations | — | 750,204 | — | 750,204 | ||||||||||||
| U.S. Treasury Bonds | — | 11,998,868 | — | 11,998,868 | ||||||||||||
| U.S. Treasury Notes | — | 5,269,771 | — | 5,269,771 | ||||||||||||
| United States Government Agency Mortgage-Backed Securities | — | 52,442,949 | — | 52,442,949 | ||||||||||||
| Short-Term Investment: | ||||||||||||||||
| U.S. Treasury Bill | — | 1,189,784 | — | 1,189,784 | ||||||||||||
| Money Market Fund | 14,713,869 | — | — | 14,713,869 | ||||||||||||
| Total Investments in Securities | 14,713,869 | 236,447,047 | — | 251,160,916 | ||||||||||||
| Other Financial Instruments:(k) | ||||||||||||||||
| Futures Contracts | 62,095 | — | — | 62,095 | ||||||||||||
| Total Investments in Securities and Other Financial Instruments | $ | 14,775,964 | $ | 236,447,047 | $ | — | $ | 251,223,011 | ||||||||
| Liability Valuation Inputs | ||||||||||||||||
| Other Financial Instruments:(k) | ||||||||||||||||
| Futures Contracts | $ | (1,090,910 | ) | $ | — | $ | — | $ | (1,090,910 | ) | ||||||
| (j) | For a complete listing of investments and their states, see the Schedule of Investments. |
| (k) | Reflects the unrealized appreciation (depreciation) of the instruments. |
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.