NPORT-EX 2 682447INDEXIQ022823.htm

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF

January 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds — 95.6%    
     
Alabama — 1.9%    
Black Belt Energy Gas District, Revenue Bonds          
 Series C-2          
2.010%, (Municipal Swap Index + 0.35%), due 10/1/52(a)   $2,500,000   $2,395,077 
Mobile County Board of School Commissioners, Special Tax          
  Insured: BAM          
5.000%, due 3/1/26    1,325,000    1,424,202 
 Series B  Insured: BAM          
5.000%, due 3/1/40    2,645,000    2,951,977 
         6,771,256 
Alaska — 0.4%          
University of Alaska, Revenue Bonds          
  Insured: AGM-CR          
5.000%, due 10/1/44    1,365,000    1,425,202 
           
Arizona — 0.6%          
Maricopa County Unified School District No 60 Higley, Certificates of Participation          
  Insured: AGM          
4.125%, due 6/1/42    500,000    506,199 
4.250%, due 6/1/47    1,500,000    1,514,218 
         2,020,417 
California — 8.4%          
Anaheim City School District, General Obligation Bonds          
  Insured: AGM          
4.000%, due 8/1/48    1,000,000    1,011,449 
California Health Facilities Financing Authority, Revenue Bonds          
5.000%, due 11/15/49    1,850,000    1,893,177 
City of Long Beach CA Airport System Revenue, Revenue Bonds          
 Series C  Insured: AGM          
5.000%, due 6/1/42    1,000,000    1,080,080 
City of San Mateo CA, Special Tax          
  Insured: BAM          
5.250%, due 9/1/37    4,460,000    5,028,550 
Fontana Unified School District, General Obligation Bonds          
  Insured: AGM          
2.375%, due 8/1/44    2,500,000    1,832,336 
Foothill-De Anza Community College District, General Obligation Bonds          
  Insured: NATL-IBC FGIC          
2.640%, due 8/1/29(b)    1,050,000    885,231 
Grossmont Union High School District, General Obligation Bonds          
 Series F  Insured: AGM          
3.280%, due 8/1/34(b)    2,445,000    1,440,913 
Indian Wells Redevelopment Agency Successor Agency, Tax Allocation          
 Series A  Insured: NATL          
5.000%, due 9/1/33    1,240,000    1,343,746 
Indio Finance Authority, Revenue Bonds          
 Series A  Insured: BAM          
5.250%, due 11/1/42    1,500,000    1,717,239 
Kelseyville Unified School District, General Obligation Bonds          
 Series C  Insured: AGM          
3.170%, due 8/1/31(b)    155,000    116,759 
Ontario Montclair School District, General Obligation Bonds          
 Series B  Insured: NATL          
3.070%, due 8/1/29(b)    390,000    319,867 
Poway Unified School District, Special Tax          
  Insured: BAM          
4.125%, due 9/1/47    400,000    406,296 
Riverbank Unified School District, General Obligation Bonds          
 Series B  Insured: AGC          
4.510%, due 8/1/48(b)    50,000    16,050 
Sacramento City Financing Authority, Tax Allocation          
 Series A  Insured: NATL          
2.690%, due 12/1/23(b)    5,000,000    4,890,033 
Sacramento City Unified School District, General Obligation Bonds          
  Insured: AGM          
2.680%, due 7/1/24(b)    310,000    298,524 
 Series A  Insured: BAM          
5.000%, due 8/1/41    1,865,000    2,092,810 
 Series C-1  Insured: AGM          
5.000%, due 8/1/25    200,000    212,861 
San Mateo County Community College District, General Obligation Bonds          
 Series B  Insured: NATL          
2.260%, due 9/1/25(b)    145,000    136,824 
Sweetwater Union High School District, General Obligation Bonds          
4.000%, due 8/1/42    965,000    970,150 
Vista Unified School District, General Obligation Bonds          
 Series B  Insured: BAM          
5.250%, due 8/1/41    3,000,000    3,479,599 
West Contra Costa Unified School District, General Obligation Bonds          
 Series D  Insured: AGM          
3.310%, due 8/1/33(b)    2,010,000    1,423,328 
         30,595,822 
Colorado — 3.1%          
BNC Metropolitan District No 1, General Obligation Bonds          
 Series A  Insured: BAM          
5.000%, due 12/1/37    395,000    433,348 
Castle Oaks Metropolitan District No 3, General Obligation Bonds          
  Insured: AGM          
4.000%, due 12/1/45    3,000,000    2,993,050 
Crystal Valley Metropolitan District No 2, General Obligation Bonds          
 Series A  Insured: AGM          
4.000%, due 12/1/44    1,700,000    1,684,670 
Gold Hill Mesa Metropolitan District No 2, General Obligation Bonds          
 Series A  Insured: BAM          
5.500%, due 12/1/47    600,000    667,207 
Grand Junction Regional Airport Authority, Revenue Bonds          
 Series A  Insured: NATL          
5.000%, due 12/1/26    500,000    543,324 
Grand River Hospital District, General Obligation Bonds          
  Insured: AGM          
5.250%, due 12/1/37    425,000    453,591 
Northern Colorado Water Conservancy District, Certificates of Participation          
5.000%, due 7/1/42    625,000    695,488 
Park 70 Metropolitan District, General Obligation Bonds          
5.000%, due 12/1/46    450,000    457,518 

 

 

 

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF (continued)

January 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Colorado (continued)          
Park Creek Metropolitan District, Revenue Bonds          
 Series A  Insured: AGM          
4.000%, due 12/1/46   $3,255,000   $3,177,733 
Vauxmont Metropolitan District, General Obligation Bonds          
  Insured: AGM          
5.000%, due 12/15/31    135,000    145,383 
         11,251,312 
Connecticut — 1.0%          
City of Hartford CT, General Obligation Bonds          
 Series A  Insured: AGM          
4.000%, due 7/1/34    25,000    25,732 
5.000%, due 4/1/23    220,000    220,464 
5.000%, due 7/1/24    20,000    20,708 
5.000%, due 7/1/27    60,000    63,753 
 Series B  Insured: AGM          
5.000%, due 10/1/23    15,000    15,247 
 Series C  Insured: AGM          
5.000%, due 7/15/24    1,000,000    1,036,433 
5.000%, due 7/15/32    20,000    21,205 
City of New Britain CT, General Obligation Bonds          
 Series B  Insured: AGM          
5.250%, due 9/1/30    100,000    113,337 
City of New Haven CT, General Obligation Bonds          
 Series A  Insured: AGM          
5.000%, due 8/1/28    1,000,000    1,037,323 
5.000%, due 8/1/39    1,150,000    1,243,354 
         3,797,556 
District of Columbia — 0.8%          
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds          
  Insured: BAM-TCRS          
4.340%, due 10/1/37(b)    1,500,000    799,451 
 Series B  Insured: AGM          
4.000%, due 10/1/53    2,000,000    1,942,459 
         2,741,910 
Florida — 3.2%          
County of Broward FL Tourist Development Tax Revenue, Revenue Bonds          
  Insured: BAM-TCRS          
4.000%, due 9/1/51    1,340,000    1,285,058 
County of Miami-Dade Seaport Department, Revenue Bonds          
 Series A-2  Insured: AGM          
3.000%, due 10/1/50    5,000,000    3,893,921 
Fort Pierce Utilities Authority, Revenue Bonds          
 Series A  Insured: AGM          
5.000%, due 10/1/40    500,000    563,785 
5.000%, due 10/1/41    500,000    562,879 
5.000%, due 10/1/42    400,000    450,420 
Miami-Dade County Expressway Authority, Revenue Bonds          
  Insured: BAM-TCRS          
5.000%, due 7/1/26    3,180,000    3,279,161 
School Board of Miami-Dade County (The), General Obligation Bonds          
 Series A          
5.000%, due 3/15/39    1,645,000    1,741,217 
         11,776,441 
Georgia — 1.1%          
DeKalb Newton & Gwinnett Counties Joint Development Authority, Revenue Bonds          
 Series A  Insured: AGM          
5.000%, due 7/1/39    2,250,000    2,253,749 
Municipal Electric Authority of Georgia, Revenue Bonds          
 Series A  Insured: AGM          
4.000%, due 1/1/46    1,660,000    1,628,578 
         3,882,327 
Idaho — 0.5%          
Idaho Housing & Finance Association, Revenue Bonds          
  Insured: SCH BD GTY          
5.000%, due 5/1/52    1,000,000    1,031,111 
5.250%, due 5/1/42    800,000    863,152 
         1,894,263 
Illinois — 21.0%          
Boone, McHenry & DeKalb Counties Community Unit School District 100, General Obligation Bonds          
  Insured: BHAC-CR NATL-RE          
2.710%, due 12/1/23(b)    395,000    386,249 
Chicago Board of Education, General Obligation Bonds          
 Series A  Insured: AGC-ICC FGIC          
5.500%, due 12/1/26    1,575,000    1,672,188 
 Series A  Insured: AGM          
5.000%, due 12/1/31    500,000    537,802 
Chicago O'Hare International Airport, Revenue Bonds          
 Series A  Insured: AGM          
5.250%, due 1/1/45    3,585,000    3,898,827 
Chicago Park District, General Obligation Bonds          
 Series E  Insured: BAM          
4.000%, due 11/15/32    1,000,000    1,038,046 
Chicago Transit Authority Sales Tax Receipts Fund, Revenue Bonds          
  Insured: BAM-TCRS          
4.000%, due 12/1/50    4,750,000    4,553,630 
City of Chicago IL, General Obligation Bonds          
 Series A          
4.000%, due 1/1/35    775,000    759,354 
4.000%, due 1/1/36    2,500,000    2,425,986 
City of Chicago IL Wastewater Transmission Revenue, Revenue Bonds          
 Series A  Insured: NATL          
3.170%, due 1/1/27(b)    1,300,000    1,149,167 
City of Chicago IL Waterworks Revenue, Revenue Bonds          
  Insured: BAM-TCRS          
5.000%, due 11/1/44    3,220,000    3,258,948 
City of Decatur IL, General Obligation Bonds          
  Insured: BAM          
4.000%, due 3/1/40    2,805,000    2,854,371 
4.000%, due 3/1/42    3,000,000    3,043,751 
City of Joliet IL, General Obligation Bonds          
  Insured: BAM          
5.500%, due 12/15/44    3,805,000    4,387,134 
City of Kankakee IL, General Obligation Bonds          
 Series A  Insured: BAM          
4.000%, due 1/1/35    715,000    761,278 

 

 

 

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF (continued)

January 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Illinois (continued)          
City of Rock Island IL, General Obligation Bonds          
  Insured: BAM          
4.000%, due 12/1/36   $1,435,000   $1,470,211 
City of Waukegan IL, General Obligation Bonds          
 Series A  Insured: BAM          
4.000%, due 12/30/36    1,015,000    1,044,682 
County of Cook IL Sales Tax Revenue, Revenue Bonds          
 Series A  Insured: BAM          
4.000%, due 11/15/40    780,000    785,477 
Crawford Hospital District, General Obligation Bonds          
  Insured: AGM          
4.000%, due 1/1/34    675,000    719,355 
Illinois Sports Facilities Authority (The), Revenue Bonds          
  Insured: AMBAC          
3.240%, due 6/15/23(b)    500,000    494,054 
Illinois State Toll Highway Authority, Revenue Bonds          
5.000%, due 1/1/45    2,050,000    2,231,507 
La Salle County Community Unit School District No 2 Serena, General Obligation Bonds          
  Insured: BAM          
5.500%, due 12/1/38    1,825,000    2,123,594 
5.500%, due 10/1/42    1,260,000    1,448,315 
Macon County School District No 61 Decatur, General Obligation Bonds          
  Insured: AGM          
5.000%, due 12/1/40    1,305,000    1,386,366 
Madison County Community Unit School District No 7 Edwardsville, General Obligation Bonds          
  Insured: BAM          
5.000%, due 12/1/30    275,000    293,801 
Madison-Macoupin Etc Counties Community College District No 536, General Obligation Bonds          
 Series A  Insured: AGM          
5.000%, due 11/1/32    225,000    244,414 
Metropolitan Pier & Exposition Authority, Revenue Bonds          
  Insured: AGM          
4.640%, due 6/15/45(b)    720,000    258,123 
4.700%, due 6/15/47(b)    225,000    72,599 
Northern Illinois University, Revenue Bonds          
  Insured: BAM          
4.000%, due 10/1/32    500,000    520,760 
4.000%, due 10/1/37    550,000    551,674 
4.000%, due 10/1/39    425,000    420,993 
4.000%, due 10/1/40    400,000    389,742 
4.000%, due 10/1/41    400,000    386,810 
 Series B  Insured: BAM          
4.000%, due 4/1/37    1,425,000    1,429,907 
Sangamon & Morgan Counties Community Unit School District No 16 New Berlin, General Obligation Bonds          
 Series A  Insured: AGM          
5.000%, due 12/1/43    1,440,000    1,564,756 
5.000%, due 12/1/46    1,800,000    1,942,667 
Sangamon County School District No 186 Springfield, General Obligation Bonds          
  Insured: AGM          
4.000%, due 2/1/29    3,000,000    3,237,566 
Southern Illinois University, Revenue Bonds          
  Insured: BAM          
4.000%, due 4/1/40    1,000,000    982,401 
 Series A  Insured: NATL          
3.800%, due 4/1/25(b)    390,000    359,449 
State of Illinois, General Obligation Bonds          
5.750%, due 5/1/45    1,000,000    1,073,696 
  Insured: BAM          
4.000%, due 6/1/41    3,715,000    3,608,955 
  Insured: NATL          
6.000%, due 11/1/26    500,000    531,408 
Town of Cicero IL, General Obligation Bonds          
  Insured: BAM          
5.000%, due 1/1/30    475,000    516,557 
Union Alexander Massac Pulaski Etc Counties Community College District No 531, General Obligation Bonds          
 Series A  Insured: BAM          
5.000%, due 12/1/24    1,115,000    1,159,442 
Village of Bourbonnais IL, General Obligation Bonds          
  Insured: AGM          
4.000%, due 12/1/32    520,000    553,454 
  Insured: BAM          
5.250%, due 12/1/46    1,000,000    1,119,135 
Village of McCook IL, General Obligation Bonds          
 Series A  Insured: AGM          
5.000%, due 12/1/25    1,575,000    1,676,006 
 Series B  Insured: AGM          
5.000%, due 12/1/26    1,875,000    2,016,889 
Will County Community Unit School District No 201-U Crete-Monee, General Obligation Bonds          
 Series 201-U  Insured: AGM          
5.250%, due 9/1/42    3,735,000    4,161,079 
Will County School District No 114 Manhattan, General Obligation Bonds          
  Insured: BAM          
5.500%, due 1/1/45    3,765,000    4,293,233 
Williamson County Community Unit School District No 1 Johnston City, General Obligation Bonds          
  Insured: AGM          
3.100%, due 12/1/26(b)    590,000    524,467 
3.110%, due 12/1/25(b)    590,000    540,609 
         76,860,884 
Indiana — 1.2%          
Evansville Waterworks District, Revenue Bonds          
 Series A  Insured: BAM          
4.250%, due 1/1/49    1,000,000    1,020,664 
5.000%, due 7/1/47    2,000,000    2,201,262 
Greater Clark Building Corp., Revenue Bonds          
  Insured: ST INTERCEPT          
6.000%, due 7/15/34    1,000,000    1,270,197 
         4,492,123 
Iowa — 3.3%          
Burlington Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
  Insured: BAM          
4.000%, due 6/1/41    1,940,000    1,946,652 

 

 

 

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF (continued)

January 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Iowa (continued)          
City of Orange City IA Water Revenue, Revenue Bonds          
 Series B  Insured: AGM          
4.000%, due 6/1/37   $650,000   $665,243 
4.000%, due 6/1/39    700,000    709,716 
4.250%, due 6/1/42    1,165,000    1,191,728 
Clinton Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
  Insured: AGM          
4.000%, due 7/1/41    2,100,000    2,114,239 
Jesup Community School District, General Obligation Bonds          
  Insured: AGM          
3.000%, due 6/1/31    580,000    588,504 
3.250%, due 6/1/32    600,000    614,928 
3.375%, due 6/1/33    620,000    637,571 
4.000%, due 6/1/40    805,000    811,795 
4.000%, due 6/1/41    835,000    842,112 
4.000%, due 6/1/42    870,000    875,088 
West Delaware County Community School District Sales & Services Tax Revenue, Revenue Bonds          
  Insured: BAM          
4.125%, due 6/1/41    325,000    328,928 
5.000%, due 6/1/26    170,000    183,572 
5.000%, due 6/1/27    350,000    385,381 
         11,895,457 
Kentucky — 1.4%          
Kentucky Bond Development Corp., Revenue Bonds          
  Insured: BAM          
5.000%, due 9/1/38    1,045,000    1,162,160 
5.000%, due 9/1/49    1,000,000    1,088,533 
Kentucky Economic Development Finance Authority, Revenue Bonds          
 Series A  Insured: AGM          
4.000%, due 6/1/37    500,000    489,068 
Louisville & Jefferson County Metropolitan Government, Revenue Bonds          
 Series A  Insured: AGM          
5.000%, due 5/15/47    1,015,000    1,081,189 
Louisville & Jefferson County Visitors and Convention Commission, Revenue Bonds          
  Insured: BAM          
4.000%, due 6/1/36    100,000    102,632 
Woodford County School District Finance Corp., Revenue Bonds          
 Series A  Insured: BAM          
6.000%, due 8/1/28    1,040,000    1,227,866 
         5,151,448 
Louisiana — 0.3%          
City of Shreveport LA Water & Sewer Revenue, Revenue Bonds          
  Insured: BAM          
5.000%, due 12/1/25    535,000    567,806 
 Series C  Insured: BAM          
5.000%, due 12/1/31    500,000    557,012 
5.000%, due 12/1/32    125,000    138,989 
         1,263,807 
Maine — 0.7%          
Finance Authority of Maine, Revenue Bonds          
 Series A-1  Insured: AGC          
5.000%, due 12/1/26    150,000    160,788 
Maine Health & Higher Educational Facilities Authority, Revenue Bonds          
  Insured: AGM ST AID WITHHLDG          
5.500%, due 7/1/40    1,180,000    1,341,795 
5.500%, due 7/1/42    1,000,000    1,131,408 
         2,633,991 
Massachusetts — 1.1%          
City of Brockton MA, General Obligation Bonds          
  Insured: BAM-TCRS          
4.000%, due 8/1/47    3,180,000    3,167,225 
Commonwealth of Massachusetts, General Obligation Bonds          
 Series A  Insured: NATL          
3.545%, (3-Month LIBOR + 0.57%), due 5/1/37(a)    85,000    83,501 
Commonwealth of Massachusetts, Revenue Bonds          
  Insured: NATL          
5.500%, due 1/1/25    580,000    611,266 
         3,861,992 
Michigan — 0.8%          
Grand Rapids Public Schools, General Obligation Bonds          
  Insured: AGM          
5.000%, due 11/1/25    785,000    836,482 
Wayne County Airport Authority, Revenue Bonds          
 Series B          
5.000%, due 12/1/46    1,790,000    1,901,656 
         2,738,138 
Mississippi — 0.1%          
Mississippi Development Bank, Revenue Bonds          
  Insured: BAM          
5.250%, due 10/1/38    460,000    507,064 
           
Missouri — 2.0%          
City of St Louis MO Airport Revenue, Revenue Bonds          
  Insured: NATL          
5.500%, due 7/1/28    400,000    463,795 
Hazelwood School District, General Obligation Bonds          
 Series A  Insured: BAM          
5.000%, due 3/1/38    3,000,000    3,400,708 
Hickman Mills C-1 School District, General Obligation Bonds          
  Insured: BAM          
5.750%, due 3/1/41    1,960,000    2,263,900 
Wright City R-II School District, General Obligation Bonds          
  Insured: AGM          
6.000%, due 3/1/42    1,000,000    1,227,197 
         7,355,600 
Nebraska — 0.1%          
Ashland-Greenwood Public Schools, General Obligation Bonds          
  Insured: AGM          
4.000%, due 12/15/34    490,000    533,786 
           
Nevada — 1.1%          
City of Reno NV, Revenue Bonds          
 Series A-1  Insured: AGM          
4.000%, due 6/1/46    1,150,000    1,122,586 

 

 

 

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF (continued)

January 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Nevada (continued)          
5.000%, due 6/1/32   $265,000   $287,030 
Clark County School District, General Obligation Bonds          
  Insured: AGM          
5.000%, due 6/15/26    2,450,000    2,666,921 
         4,076,537 
New Jersey — 2.0%          
City of Union City NJ, General Obligation Bonds          
  Insured: AGM          
0.050%, due 8/1/24    540,000    510,381 
Kenilworth School District, General Obligation Bonds          
  Insured: BAM SCH BD RES FD          
4.000%, due 8/15/39    1,325,000    1,346,034 
4.250%, due 8/15/45    1,450,000    1,485,855 
New Jersey Educational Facilities Authority, Revenue Bonds          
 Series F  Insured: BAM          
5.000%, due 7/1/25    300,000    318,730 
South Jersey Transportation Authority, Revenue Bonds          
  Insured: BAM          
5.000%, due 11/1/36    500,000    562,308 
5.000%, due 11/1/37    500,000    558,367 
5.250%, due 11/1/52    2,250,000    2,478,629 
         7,260,304 
New York — 6.3%          
Amherst Development Corp., Revenue Bonds          
  Insured: BAM          
4.000%, due 10/1/42    3,905,000    3,881,330 
Canton Central School District, General Obligation Bonds          
  Insured: AGM ST AID WITHHLDG          
4.000%, due 6/15/28    955,000    1,035,051 
City of Long Beach NY, General Obligation Bonds          
 Series B  Insured: BAM          
5.250%, due 7/15/35    400,000    445,582 
5.250%, due 7/15/36    300,000    330,770 
5.250%, due 7/15/37    325,000    355,505 
5.250%, due 7/15/42    1,800,000    1,946,845 
City of New York NY, General Obligation Bonds          
 Series A-1  Insured: BAM-TCRS          
4.000%, due 8/1/44    1,085,000    1,083,208 
City of Yonkers NY, General Obligation Bonds          
 Series G  Insured: BAM          
5.000%, due 11/15/26    335,000    367,757 
County of Nassau NY, General Obligation Bonds          
 Series A  Insured: AGM          
4.125%, due 4/1/47    3,525,000    3,540,491 
Metropolitan Transportation Authority, Revenue Bonds          
 Series A-1          
4.000%, due 11/15/46    600,000    543,292 
5.000%, due 11/15/29    500,000    522,395 
 Series B  Insured: AMBAC          
5.250%, due 11/15/23    1,250,000    1,268,502 
5.250%, due 11/15/24    1,145,000    1,185,362 
 Series E          
4.000%, due 11/15/45    450,000    410,221 
New York City Industrial Development Agency, Revenue Bonds          
  Insured: NATL          
7.970%, due 3/1/24(a),(c)    1,500,000    1,533,619 
 Series A  Insured: AGM          
3.000%, due 3/1/49    1,265,000    976,241 
New York Convention Center Development Corp., Revenue Bonds          
 Series B  Insured: BAM          
4.250%, due 11/15/38(b)    375,000    193,177 
New York Liberty Development Corp., Revenue Bonds          
  Insured: BAM-TCRS          
4.000%, due 2/15/43    1,480,000    1,466,906 
New York State Dormitory Authority, Revenue Bonds          
 Series A  Insured: AGM          
4.000%, due 10/1/36    5,000    5,472 
Oneida County Local Development Corp., Revenue Bonds          
  Insured: AGM          
4.000%, due 12/1/49    700,000    667,452 
 Series A  Insured: AGM          
3.000%, due 12/1/44    405,000    325,115 
Port Authority of New York & New Jersey, Revenue Bonds          
 Series 231          
5.500%, due 8/1/52    765,000    848,476 
         22,932,769 
North Carolina — 2.2%          
Greater Asheville Regional Airport Authority, Revenue Bonds          
 Series A  Insured: AGM          
5.250%, due 7/1/41    3,250,000    3,593,499 
North Carolina Eastern Municipal Power Agency, Revenue Bonds          
 Series B  Insured: NATL          
6.000%, due 1/1/25    1,000,000    1,063,761 
North Carolina Turnpike Authority, Revenue Bonds          
  Insured: AGM          
5.000%, due 1/1/49    3,325,000    3,496,669 
         8,153,929 
Ohio — 3.1%          
City of Toledo OH, General Obligation Bonds          
  Insured: AGM          
5.500%, due 12/1/42    3,000,000    3,459,076 
Cloverleaf Local School District, Certificates of Participation          
  Insured: BAM          
5.375%, due 12/1/39    1,780,000    1,949,824 
5.500%, due 12/1/42    955,000    1,046,240 
County of Cuyahoga OH, Revenue Bonds          
5.000%, due 2/15/28    500,000    530,649 
Green Local School District/Summit County, Certificates of Participation          
  Insured: AGM          
5.500%, due 11/1/47    3,000,000    3,355,111 
State of Ohio, General Obligation Bonds          
 Series B          
5.000%, due 8/1/24    1,065,000    1,107,916 
         11,448,816 

 

 

 

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF (continued)

January 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Oregon — 0.6%          
City of Seaside OR Transient Lodging Tax Revenue, Revenue Bonds          
  Insured: AGM          
5.000%, due 12/15/37   $400,000   $437,550 
Multnomah County School District No 1 Portland, General Obligation Bonds          
  Insured: SCH BD GTY          
5.000%, due 6/15/24    1,655,000    1,715,806 
         2,153,356 
Pennsylvania — 6.2%          
Bucks County Industrial Development Authority, Revenue Bonds          
  Insured: AGM-CR          
3.000%, due 8/15/53    3,555,000    2,656,054 
4.000%, due 8/15/44    1,030,000    1,035,059 
City of Philadelphia PA Airport Revenue, Revenue Bonds          
  Insured: AGM          
4.000%, due 7/1/39    1,335,000    1,330,480 
Coatesville School District, General Obligation Bonds          
  Insured: AGM ST AID WITHHLDG          
5.000%, due 8/1/25    300,000    318,841 
Delaware Valley Regional Finance Authority, Revenue Bonds          
 Series B  Insured: AMBAC          
5.700%, due 7/1/27    1,000,000    1,128,037 
Erie Sewer Authority, Revenue Bonds          
 Series B  Insured: AGM          
5.000%, due 12/1/35    460,000    522,158 
Indiana County Industrial Development Authority, Revenue Bonds          
  Insured: BAM          
5.000%, due 5/1/31    870,000    984,080 
5.000%, due 5/1/33    575,000    646,368 
Pennsylvania Economic Development Financing Authority, Revenue Bonds          
  Insured: AGM          
5.500%, due 6/30/42    3,000,000    3,339,220 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds          
 Series A  Insured: AGC          
3.785%, (3-Month LIBOR + 0.60%), due 7/1/27(a)    135,000    132,911 
Pennsylvania Turnpike Commission, Revenue Bonds          
 Series A  Insured: BAM          
5.000%, due 12/1/44    1,595,000    1,689,400 
 Series B-2  Insured: AGM          
5.000%, due 6/1/35    1,000,000    1,093,462 
 Series C  Insured: AGM          
6.250%, due 6/1/33    450,000    507,965 
Pittsburgh Water & Sewer Authority, Revenue Bonds          
  Insured: AGM          
5.000%, due 9/1/37    1,350,000    1,532,399 
5.000%, due 9/1/38    1,420,000    1,607,343 
School District of Philadelphia (The), General Obligation Bonds          
 Series F  Insured: BAM          
5.000%, due 9/1/27    5,000    5,481 
Sports & Exhibition Authority of Pittsburgh and Allegheny County, Revenue Bonds          
  Insured: AGM          
5.000%, due 2/1/31    1,165,000    1,312,322 
State Public School Building Authority, Revenue Bonds          
  Insured: BAM          
5.000%, due 10/1/27    375,000    416,603 
5.250%, due 10/1/44    1,205,000    1,325,400 
Westmoreland County Municipal Authority, Revenue Bonds          
  Insured: BAM          
5.000%, due 8/15/38    1,115,000    1,161,868 
         22,745,451 
Puerto Rico — 0.1%          
Puerto Rico Electric Power Authority, Revenue Bonds          
 Series PP  Insured: NATL          
5.000%, due 7/1/24    25,000    25,030 
 Series UU  Insured: AGM          
3.705%, (3-Month LIBOR + 0.52%), due 7/1/29(a)    510,000    461,594 
         486,624 
South Carolina — 1.5%          
South Carolina Public Service Authority, Revenue Bonds          
  Insured: AGM          
5.250%, due 12/1/37    2,000,000    2,275,352 
5.750%, due 12/1/52    600,000    676,750 
Spartanburg County School District No 4, General Obligation Bonds          
  Insured: SCSDE          
5.000%, due 3/1/42    2,205,000    2,503,635 
         5,455,737 
South Dakota — 2.6%          
Baltic School District No 49-1, General Obligation Bonds          
  Insured: AGM          
5.250%, due 12/1/47    1,780,000    1,996,685 
5.500%, due 12/1/51    3,080,000    3,495,886 
City of Brandon SD Water Utility Revenue, Revenue Bonds          
  Insured: BAM          
4.250%, due 8/1/42    1,470,000    1,523,529 
5.500%, due 8/1/47    1,000,000    1,145,116 
De Smet School District No 38-2, General Obligation Bonds          
  Insured: BAM          
5.000%, due 8/1/47    1,300,000    1,436,938 
         9,598,154 
Tennessee — 0.2%          
Chattanooga Health Educational & Housing Facility Board, Revenue Bonds          
5.000%, due 10/1/27    550,000    559,977 
           
Texas — 11.6%          
Belmont Fresh Water Supply District No 1, General Obligation Bonds          
  Insured: BAM          
4.000%, due 3/1/40    695,000    696,544 
4.000%, due 3/1/43    2,280,000    2,256,097 
City of Arlington TX Special Tax Revenue, Special Tax          
 Series A  Insured: AGM          
5.000%, due 2/15/37    1,500,000    1,617,704 
5.000%, due 2/15/48    2,000,000    2,112,046 

 

 

 

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF (continued)

January 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Texas (continued)          
Fort Bend County Municipal Utility District No 134, General Obligation Bonds          
 Series B  Insured: AGM          
6.500%, due 3/1/28   $390,000   $458,630 
6.500%, due 3/1/29    390,000    469,882 
Galveston County Municipal Utility District No 56, General Obligation Bonds          
  Insured: AGM          
6.875%, due 6/1/29    625,000    765,834 
Green Valley Special Utility District, Revenue Bonds          
  Insured: BAM          
7.000%, due 9/15/26    515,000    590,064 
Guadalupe-Blanco River Authority, Revenue Bonds          
  Insured: BAM          
6.000%, due 8/15/42    1,975,000    2,368,088 
Harris County Municipal Utility District No 171, General Obligation Bonds          
  Insured: BAM          
7.000%, due 12/1/28    930,000    1,121,041 
7.000%, due 12/1/29    905,000    1,115,941 
Harris County Municipal Utility District No 423, General Obligation Bonds          
 Series A  Insured: BAM          
5.000%, due 4/1/44    1,800,000    1,850,904 
6.000%, due 4/1/30    350,000    392,104 
6.000%, due 4/1/31    350,000    391,998 
6.000%, due 4/1/32    375,000    419,608 
Harris County Municipal Utility District No 489, General Obligation Bonds          
  Insured: BAM          
6.000%, due 9/1/27    980,000    1,116,288 
6.000%, due 9/1/28    980,000    1,142,241 
6.000%, due 9/1/29    705,000    838,717 
Harris County Water Control & Improvement District No 158, General Obligation Bonds          
  Insured: BAM          
5.000%, due 9/1/48    1,500,000    1,570,257 
7.000%, due 9/1/27    340,000    399,421 
7.000%, due 9/1/28    360,000    434,985 
7.000%, due 9/1/29    380,000    471,654 
Harris County-Houston Sports Authority, Revenue Bonds          
 Series A3  Insured: NATL          
4.460%, due 11/15/33(b)    1,325,000    723,700 
Horizon Regional Municipal Utility District, General Obligation Bonds          
  Insured: BAM          
4.000%, due 2/1/47    2,980,000    2,947,105 
Kaufman County Municipal Utility District No 3, General Obligation Bonds          
  Insured: AGM          
5.000%, due 3/1/48    1,560,000    1,615,216 
5.125%, due 3/1/46    1,415,000    1,475,698 
Lazy Nine Municipal Utility District No 1B, General Obligation Bonds          
 Series 1B  Insured: BAM          
4.125%, due 3/1/39    605,000    610,568 
Matagorda County Navigation District No 1, Revenue Bonds          
 Series A  Insured: AMBAC          
4.400%, due 5/1/30    500,000    528,217 
Montgomery County Municipal Utility District No 95, General Obligation Bonds          
  Insured: BAM          
5.000%, due 9/1/41    2,000,000    2,095,917 
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds          
 Series B-1  Insured: AGM          
4.000%, due 7/1/30    155,000    160,962 
Robstown Independent School District, General Obligation Bonds          
  Insured: PSF-GTD          
4.500%, due 2/15/38    700,000    726,538 
Texas Municipal Power Agency, Revenue Bonds          
  Insured: AGM          
3.000%, due 9/1/35    1,345,000    1,264,763 
3.000%, due 9/1/39    700,000    614,725 
Texas State Technical College, Revenue Bonds          
  Insured: AGM          
5.250%, due 8/1/36    1,015,000    1,201,750 
5.500%, due 8/1/42    4,000,000    4,661,313 
Williamson County Municipal Utility District No 25, General Obligation Bonds          
  Insured: AGM          
4.500%, due 8/15/44    1,190,000    1,206,048 
         42,432,568 
Utah — 2.2%          
City of Salt Lake City UT Airport Revenue, Revenue Bonds          
 Series A          
5.000%, due 7/1/47    2,395,000    2,463,995 
Heber Light & Power Co., Revenue Bonds          
  Insured: BAM          
5.000%, due 12/15/47    4,450,000    4,864,430 
Vineyard Redevelopment Agency, Tax Allocation          
  Insured: AGM          
5.000%, due 5/1/25    615,000    648,991 
         7,977,416 
Washington — 1.6%          
County of King WA, General Obligation Bonds          
1.150%, due 1/1/46(a),(c)    5,000,000    5,000,000 
Klickitat County Public Utility District No 1, Revenue Bonds          
 Series A  Insured: AGM          
4.000%, due 12/1/37    750,000    791,048 
         5,791,048 
Wisconsin — 1.3%          
City of Milwaukee WI, General Obligation Bonds          
 Series N3  Insured: BAM          
5.000%, due 4/1/30    1,820,000    2,058,000 
Wisconsin Center District, Revenue Bonds          
 Series A  Insured: BAM-TCRS          
5.710%, due 12/15/37(b)    1,150,000    616,376 
 Series D  Insured: AGM          
6.370%, due 12/15/45(b)    5,635,000    1,952,438 
         4,626,814 
Total Municipal Bonds          
(Cost $341,451,263)         349,150,296 

 

 

 

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF (continued)

January 31, 2023 (unaudited)

 

   Shares   Value 
Short-Term Investment — 4.2%          
           
Money Market Fund — 4.2%          
Dreyfus Tax Exempt Cash Management -  Institutional, 1.66%(d)          
(Cost $15,423,133)    15,423,953   $15,423,133 
           
Total Investments — 99.8%          
(Cost $356,874,396)         364,573,429 
Other Assets and Liabilities, Net — 0.2%         813,746 
Net Assets — 100.0%        $365,387,175 

 

 

(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 January 31, 2023.
(b) The security was issued on a discount basis with no stated coupon rate. Rate shown reflects the effective yield.
(c) 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.
(d) Reflects the 7-day yield at January 31, 2023.

 

 

Abbreviations
AGC  - Assured Guaranty Corp.
AGM  - Assured Guaranty Municipal Corp.
AMBAC  - Ambac Assurance Corp.
BAM  - Build America Mutual Assurance Co.
BHAC-CR  - Berkshire Hathaway Assurance Corp. Custodial Receipts
FGIC  - Financial Guaranty Insurance Co.
LIBOR  - London InterBank Offered Rate
NATL  - National Public Finance Guarantee Corp.
PSF-GTD  - Permanent School Fund Guaranteed.
SCH BD GTY  - School Bond Guaranty Program
SCSDE  - South Carolina Department of Education
ST INTERCEPT  - State Tax Intercept
TCRS  - Transferable Custodial Receipts

 

 

 

 

Schedule of Investments ─ IQ MacKay Municipal Insured 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:(e)                    
Municipal Bonds   $–   $349,150,296   $–   $349,150,296 
Short-Term Investment:                    
Money Market Fund    15,423,133    –    –    15,423,133 
Total Investments in Securities   $15,423,133   $349,150,296   $–   $364,573,429 

 

(e) For a complete listing of investments and their states, see the Schedule of Investments.

 

For the period ended January 31, 2023, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.