Schedule of Investments ─ IQ Global Resources ETF

January 31, 2023 (unaudited)

	Shares		Value
Common Stocks — 99.7%
Australia - 14.1%
Australian Agricultural Co., Ltd.*		9,492	$	11,571
BHP Group Ltd.		49,669		1,728,269
Evolution Mining Ltd.		17,988		40,561
Fortescue Metals Group Ltd.		30,192		473,153
Glencore PLC		129,090		860,092
Gold Road Resources Ltd.		9,273		10,749
IGO Ltd.		7,427		76,251
Iluka Resources Ltd.		4,148		31,567
Inghams Group Ltd.		5,848		11,950
Mineral Resources Ltd.		1,846		115,692
Newcrest Mining Ltd.		8,743		137,447
Northern Star Resources Ltd.		11,415		100,947
OceanaGold Corp.*		7,429		16,034
OZ Minerals Ltd.		3,285		64,629
Perseus Mining Ltd.		12,969		19,557
Ramelius Resources Ltd.		9,116		6,424
Regis Resources Ltd.		7,932		11,961
Rio Tinto PLC		15,979		1,243,060
Silver Lake Resources Ltd.*		9,775		8,954
South32 Ltd.		45,490		145,528
Woodside Energy Group Ltd.		10,170		259,851
Total Australia				5,374,247
Austria - 0.3%
OMV AG		1,171		58,310
voestalpine AG		1,805		59,594
Total Austria				117,904
Brazil - 1.0%
Wheaton Precious Metals Corp.		4,460		203,355
Yara International ASA		4,312		190,814
Total Brazil				394,169
Burkina Faso - 0.2%
Endeavour Mining PLC		2,452		57,626
IAMGOLD Corp.*		5,033		14,107
Total Burkina Faso				71,733
Canada - 8.3%
Agnico Eagle Mines Ltd.		2,403		135,318
Alamos Gold, Inc., Class A		3,876		42,642
B2Gold Corp.		10,452		41,280
Barrick Gold Corp.		17,600		343,202
Canadian Natural Resources Ltd.		4,156		254,371
Canfor Corp.*		2,172		41,036
Cenovus Energy, Inc.		7,088		141,192
Centerra Gold, Inc.		3,135		20,064
Dundee Precious Metals, Inc.		2,014		13,116
Enbridge, Inc.		7,240		295,601
Equinox Gold Corp.*		3,194		14,578
First Majestic Silver Corp.		2,745		21,621
Imperial Oil Ltd.		2,392		130,360
K92 Mining, Inc.*		2,347		13,544
Kinross Gold Corp.		12,796		59,360
Lundin Gold, Inc.		2,462		28,414
Maple Leaf Foods, Inc.		2,094		39,688
New Gold, Inc.*		7,187		8,456
Nutrien Ltd.		9,247		763,267
Osisko Gold Royalties Ltd.		1,754		23,411
Pan American Silver Corp.		2,082		37,838
Pembina Pipeline Corp.		1,967		69,594
Sandstorm Gold Ltd.		2,023		11,704
SSR Mining, Inc.		2,101		35,396
Suncor Energy, Inc.		5,117		177,092
TC Energy Corp.		3,507		150,677
Torex Gold Resources, Inc.*		906		12,419
Wesdome Gold Mines Ltd.*		1,497		6,922
West Fraser Timber Co., Ltd.		1,843		159,791
Yamana Gold, Inc.		9,494		57,134
Total Canada				3,149,088
Chile - 0.7%
Antofagasta PLC		9,728		207,487
Lundin Mining Corp.		7,278		54,925
Total Chile				262,412
China - 4.8%
China Hongqiao Group Ltd.		91,610		105,885
China Petroleum & Chemical Corp., Class H		432,693		232,947
CMOC Group Ltd., Class H		212,352		122,450
COFCO Joycome Foods Ltd.*		61,698		19,993
Dali Foods Group Co., Ltd.		229,888		102,648
Guangdong Investment Ltd.		52,800		57,323
MMG Ltd.*		91,124		29,411
PetroChina Co., Ltd., Class H		654,094		347,969
Southern Energy Holdings Group Ltd.*(a)		53,183		0
Wilmar International Ltd.		105,453		326,544
Zhaojin Mining Industry Co., Ltd., Class H*		32,375		37,131
Zijin Mining Group Co., Ltd., Class H		259,670		427,342
Total China				1,809,643
Denmark - 0.4%
Chr Hansen Holding A/S		2,238		164,539
Egypt - 0.0%(b)
Centamin PLC		12,199		16,678
Finland - 2.3%
Metso Outotec OYJ		8,339		95,230
Neste OYJ		2,835		134,950
Stora Enso OYJ, Class R		14,164		201,438
UPM-Kymmene OYJ		9,528		344,066
Valmet OYJ(c)		2,667		83,332
Total Finland				859,016
France - 2.0%
TotalEnergies SE		9,412		582,443
Veolia Environnement SA		5,865		173,127
Total France				755,570
Germany - 0.3%
Aurubis AG		461		48,405
Suedzucker AG		3,356		54,307
Total Germany				102,712

Schedule of Investments ─ IQ Global Resources ETF (continued)

January 31, 2023 (unaudited)

	Shares		Value
Common Stocks (continued)
Hong Kong - 0.1%
Vitasoy International Holdings Ltd.(c)		17,962	$	38,130
Indonesia - 0.2%
Golden Agri-Resources Ltd.		212,614		40,441
Nickel Industries Ltd.		27,567		21,270
Total Indonesia				61,711
Ireland - 0.7%
Kerry Group PLC, Class A		2,964		276,645
Italy - 0.6%
Eni SpA		13,160		202,037
Interpump Group SpA		861		44,679
Total Italy				246,716
Japan - 3.4%
Ajinomoto Co., Inc.		8,971		294,768
Itoham Yonekyu Holdings, Inc.		4,615		25,303
JFE Holdings, Inc.		5,661		74,308
Kagome Co., Ltd.		1,476		35,979
Kewpie Corp.		2,317		40,302
Kikkoman Corp.		3,194		167,995
NH Foods Ltd.		1,706		51,162
Nichirei Corp.		2,176		45,496
Nippon Steel Corp.		9,052		187,590
Nisshin Seifun Group, Inc.		4,958		61,953
Oji Holdings Corp.		17,177		70,798
Prima Meat Packers Ltd.		794		13,444
S Foods, Inc.		500		11,404
Sumitomo Metal Mining Co., Ltd.		2,701		109,000
Toyo Suisan Kaisha Ltd.		1,703		70,323
Yamazaki Baking Co., Ltd.		3,549		41,509
Total Japan				1,301,334
Luxembourg - 0.8%
ArcelorMittal SA		9,285		285,981
Mexico - 1.7%
Fresnillo PLC		7,272		73,537
Southern Copper Corp.(c)		7,654		575,657
Total Mexico				649,194
Netherlands - 2.4%
OCI NV		3,549		120,411
Shell PLC		26,986		788,703
Total Netherlands				909,114
New Zealand - 0.1%
Fletcher Building Ltd.		13,865		45,428
Norway - 1.3%
Equinor ASA		11,461		348,021
Norsk Hydro ASA		20,142		162,011
Total Norway				510,032
Peru - 0.0%(b)
Hochschild Mining PLC		5,432		4,571
Singapore - 0.2%
Olam Group Ltd.		63,333		76,615
South Africa - 1.5%
Anglo American PLC		13,200		563,325
Spain - 0.4%
Befesa SA		423		24,164
Ebro Foods SA		2,625		44,987
Repsol SA		5,344		87,580
Total Spain				156,731
Sweden - 0.8%
AAK AB		4,366		75,020
Boliden AB		2,782		124,223
Holmen AB, B Shares		2,868		117,735
Total Sweden				316,978
Switzerland - 0.1%
Bell Food Group AG		99		25,861
Turkey - 0.0%(b)
Eldorado Gold Corp.*		1,927		18,398
Ukraine - 0.0%(b)
Ferrexpo PLC		6,212		12,114
United Kingdom - 2.9%
Associated British Foods PLC		13,223		302,136
BP PLC		69,077		415,722
Cranswick PLC		888		34,786
Greggs PLC		1,699		56,349
Severn Trent PLC		2,025		70,203
Spirax-Sarco Engineering PLC		596		84,600
Tate & Lyle PLC		6,663		61,767
United Utilities Group PLC		5,518		71,872
Total United Kingdom				1,097,435
United States - 47.7%
Alcoa Corp.		1,826		95,390
American Water Works Co., Inc.		1,499		234,579
Archer-Daniels-Midland Co.		9,439		782,021
Armstrong World Industries, Inc.		823		63,708
ATI, Inc.*		1,262		45,924
B&G Foods, Inc.(c)		1,083		15,184
Baker Hughes Co.		3,406		108,106
Boise Cascade Co.		687		51,504
Builders FirstSource, Inc.*		3,088		246,114
Bunge Ltd.		2,397		237,543

Schedule of Investments ─ IQ Global Resources ETF (continued)

January 31, 2023 (unaudited)

	Shares		Value
Common Stocks (continued)
United States (continued)
Campbell Soup Co.		5,066	$	263,077
Cheniere Energy, Inc.		909		138,886
Chevron Corp.		6,959		1,211,005
Cleveland-Cliffs, Inc.*(c)		5,192		110,849
Coeur Mining, Inc.*		2,709		10,538
Commercial Metals Co.		1,203		65,287
Conagra Brands, Inc.		8,054		299,528
ConocoPhillips		4,631		564,380
Coterra Energy, Inc.		2,898		72,537
Devon Energy Corp.		2,374		150,132
Diamondback Energy, Inc.		634		92,640
Dover Corp.		1,189		180,526
Ecolab, Inc.		2,362		365,708
EOG Resources, Inc.		2,092		276,667
Essential Utilities, Inc.		2,087		97,526
Exxon Mobil Corp.		15,127		1,754,883
Flowers Foods, Inc.		3,551		98,327
FMC Corp.		2,114		281,437
Freeport-McMoRan, Inc.		14,404		642,707
General Mills, Inc.		10,111		792,298
Graco, Inc.		1,397		95,443
Hain Celestial Group, Inc. (The)*(c)		1,444		29,631
Halliburton Co.		3,211		132,357
Hecla Mining Co.(c)		5,330		32,886
Hess Corp.		1,107		166,227
Hormel Foods Corp.		9,151		414,632
IDEX Corp.		628		150,519
Ingredion, Inc.		1,120		115,136
International Paper Co.		6,547		273,796
J&J Snack Foods Corp.		321		45,999
Kellogg Co.		5,699		390,837
Kinder Morgan, Inc.		8,102		148,267
Kraft Heinz Co. (The)		20,566		833,540
Louisiana-Pacific Corp.		1,502		102,271
Marathon Petroleum Corp.		1,996		256,526
Mondelez International, Inc., Class A		23,311		1,525,472
Mosaic Co. (The)		6,184		306,355
Mueller Industries, Inc.		567		37,167
Newmont Corp.		7,847		415,342
Nucor Corp.		2,661		449,762
Occidental Petroleum Corp.		3,348		216,917
ONEOK, Inc.		1,595		109,226
Pentair PLC		1,333		73,822
Phillips 66		1,716		172,063
Pilgrim's Pride Corp.*(c)		4,095		99,427
Pioneer Natural Resources Co.		868		199,944
Post Holdings, Inc.*		1,038		98,558
Reliance Steel & Aluminum Co.		611		138,972
Schlumberger Ltd.		5,049		287,692
Seaboard Corp.		19		74,490
Simpson Manufacturing Co., Inc.		757		81,082
Steel Dynamics, Inc.		1,895		228,613
Tyson Foods, Inc., Class A		5,968		392,396
UFP Industries, Inc.		1,084		101,408
United States Steel Corp.		2,580		73,504
Valero Energy Corp.		1,463		204,864
Watts Water Technologies, Inc., Class A		270		44,150
Williams Cos., Inc. (The)		4,349		140,212
Xylem, Inc.		1,484		154,351
Total United States				18,162,867
Zambia - 0.4%
First Quantum Minerals Ltd.		6,836		158,150
Total Common Stocks
(Cost $32,940,571)				37,995,041
Short-Term Investments — 0.2%
Money Market Funds — 0.2%
Dreyfus Government Cash Management Fund, Institutional Shares, 4.23%(d)(e)		15,385		15,385
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.30%(d)		65,863		65,863
Total Short-Term Investments
(Cost $81,248)				81,248
Total Investments — 99.9%
(Cost $33,021,819)				38,076,289
Other Assets and Liabilities, Net — 0.1%				30,298
Net Assets — 100.0%			$	38,106,587

			% of
Industry	Value		Net Assets
Energy	$	11,080,951		29.1	%
Grains Food Fiber		9,579,459		25.1
Industrial Metals		9,571,345		25.1
Precious Metals		2,666,815		7.0
Timber		1,983,507		5.2
Water		1,898,428		5.0
Livestock		1,214,536		3.2
Money Market Funds		81,248		0.2
Total Investments	$	38,076,289		99.9	%
Other Assets and Liabilities, Net		30,298		0.1
Total Net Assets	$	38,106,587		100.0	%

*	Non-income producing securities.
(a)	Security is fair valued as determined in good faith in accordance with the procedures established by the Board of Trustees. The security is fair valued using significant unobservable inputs.
(b)	Less than 0.05%.
(c)	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 $668,485; total market value of collateral held by the Fund was $685,394.  Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $670,009.
(d)	Reflects the 1-day yield at January 31, 2023.
(e)	Represents security purchased with cash collateral received for securities on loan.

Schedule of Investments ─ IQ Global Resources ETF (continued)

January 31, 2023 (unaudited)

The following is a summary of the inputs used to value the Fund's investments as of January 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:(f)
Common Stocks	$	37,995,041	$	–	$	0	(g)	$	37,995,041
Short-Term Investments:
Money Market Funds		81,248		–		–			81,248
Total Investments in Securities	$	38,076,289	$	–	$	–		$	38,076,289

(f)	For a complete listing of investments and their countries, see the Schedule of Investments.
(g)	The Level 3 security, valued at $0, has been fair valued in good faith in accordance with procedures established by the Board of Trustees.

A reconciliation of assets in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the beginning and/or end of period.