NPORT-EX 2 682447INDEXIQ093023.htm

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF

 

July 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds — 98.9%    
     
Alabama — 2.7%    
Black Belt Energy Gas District, Revenue Bonds          
 Series B-2          
4.630%, (Municipal Swap Index + 0.65%), due 4/1/53(a)   $2,500,000   $2,449,038 
City of Albertville AL, General Obligation Bonds          
 Series D  Insured: BAM          
5.000%, due 6/1/48    4,350,000    4,634,801 
Mobile County Board of School Commissioners, Special Tax          
  Insured: BAM          
5.000%, due 3/1/26    1,325,000    1,381,041 
 Series B  Insured: BAM          
5.000%, due 3/1/40    2,645,000    2,870,597 
         11,335,477 
Alaska — 0.3%          
University of Alaska, Revenue Bonds          
  Insured: AGM-CR          
5.000%, due 10/1/44    1,365,000    1,405,533 
           
Arizona — 1.6%          
Arizona Industrial Development Authority, Revenue Bonds          
 Series A          
3.950%, due 2/1/48(a),(b)    4,000,000    4,000,000 
Maricopa County Elementary School District No 8 Osborn, General Obligation Bonds          
 Series A  Insured: AGM          
5.000%, due 7/1/27    750,000    805,285 
Maricopa County Unified School District No 60 Higley, Certificates of Participation          
  Insured: AGM          
4.125%, due 6/1/42    500,000    502,379 
4.250%, due 6/1/47    1,500,000    1,502,063 
         6,809,727 
California — 9.0%          
Banning Unified School District, General Obligation Bonds          
 Series A  Insured: AGM          
4.000%, due 8/1/46    2,420,000    2,359,661 
Bay Area Toll Authority, Revenue Bonds          
 Series A          
2.700%, due 4/1/55(a),(b)    1,800,000    1,800,000 
California Health Facilities Financing Authority, Revenue Bonds          
5.000%, due 11/15/49    1,850,000    1,883,105 
City of Long Beach CA Airport System Revenue, Revenue Bonds          
 Series C  Insured: AGM          
5.000%, due 6/1/42    1,000,000    1,061,564 
City of San Mateo CA, Special Tax          
  Insured: BAM          
5.250%, due 9/1/37    4,460,000    4,895,969 
Coast Community College District, General Obligation Bonds          
  Insured: AGM          
3.170%, due 8/1/26(c)    930,000    846,137 
Fontana Unified School District, General Obligation Bonds          
  Insured: AGM          
2.375%, due 8/1/44    2,500,000    1,784,748 
   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
California (continued)          
Foothill-De Anza Community College District, General Obligation Bonds          
  Insured: NATL-IBC FGIC          
3.170%, due 8/1/29(c)   $1,050,000   $869,450 
Grossmont Union High School District, General Obligation Bonds          
 Series F  Insured: AGM          
3.590%, due 8/1/34(c)    2,445,000    1,457,770 
Indian Wells Redevelopment Agency Successor Agency, Tax Allocation          
 Series A  Insured: NATL          
5.000%, due 9/1/33    1,140,000    1,209,744 
Indio Finance Authority, Revenue Bonds          
 Series A  Insured: BAM          
5.250%, due 11/1/42    1,500,000    1,670,759 
Kelseyville Unified School District, General Obligation Bonds          
 Series C  Insured: AGM          
3.800%, due 8/1/31(c)    155,000    116,431 
Natomas Unified School District, General Obligation Bonds          
  Insured: AGM          
3.000%, due 8/1/47    4,025,000    3,167,698 
Oak Grove School District, General Obligation Bonds          
 Series G-2  Insured: BAM          
11.330%, due 6/1/46(c)    4,000,000    1,456,729 
Ontario Montclair School District, General Obligation Bonds          
 Series B  Insured: NATL          
3.490%, due 8/1/29(c)    390,000    316,900 
Poway Unified School District, Special Tax          
  Insured: BAM          
4.125%, due 9/1/47    100,000    98,650 
Sacramento City Financing Authority, Tax Allocation          
 Series A  Insured: NATL          
3.650%, due 12/1/23(c)    4,945,000    4,885,068 
Sacramento City Unified School District, General Obligation Bonds          
  Insured: AGM          
3.740%, due 7/1/24(c)    310,000    299,620 
 Series A  Insured: BAM          
5.000%, due 8/1/41    1,865,000    2,037,048 
Sweetwater Union High School District, General Obligation Bonds          
4.000%, due 8/1/42    965,000    943,721 
Vista Unified School District, General Obligation Bonds          
 Series B  Insured: BAM          
5.250%, due 8/1/41    3,000,000    3,426,596 
Washington Unified School District/Yolo County CA, General Obligation Bonds          
 Series A  Insured: NATL          
3.560%, due 8/1/26(c)    1,100,000    989,368 
         37,576,736 
Colorado — 2.6%          
BNC Metropolitan District No 1, General Obligation Bonds          
 Series A  Insured: BAM          
5.000%, due 12/1/37    395,000    419,426 
Castle Oaks Metropolitan District No 3, General Obligation Bonds          
  Insured: AGM          
4.000%, due 12/1/45    3,000,000    2,879,300 


 

 

 

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

 

July 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Colorado (continued)          
Crystal Valley Metropolitan District No 2, General Obligation Bonds          
 Series A  Insured: AGM          
4.000%, due 12/1/44   $1,700,000   $1,628,262 
Gold Hill Mesa Metropolitan District No 2, General Obligation Bonds          
 Series A  Insured: BAM          
5.500%, due 12/1/47    600,000    654,492 
Grand Junction Regional Airport Authority, Revenue Bonds          
 Series A  Insured: NATL          
5.000%, due 12/1/26    500,000    526,178 
Grand River Hospital District, General Obligation Bonds          
  Insured: AGM          
5.250%, due 12/1/37    425,000    445,137 
Northern Colorado Water Conservancy District, Certificates of Participation          
5.000%, due 7/1/42    625,000    678,538 
Park 70 Metropolitan District, General Obligation Bonds          
5.000%, due 12/1/46    450,000    452,716 
Park Creek Metropolitan District, Revenue Bonds          
 Series A  Insured: AGM          
4.000%, due 12/1/46    3,255,000    3,154,865 
Vauxmont Metropolitan District, General Obligation Bonds          
  Insured: AGM          
5.000%, due 12/15/31    135,000    141,961 
         10,980,875 
Connecticut — 1.0%          
City of Hartford CT, General Obligation Bonds          
 Series A  Insured: AGM          
4.000%, due 7/1/34    25,000    25,371 
5.000%, due 7/1/24    20,000    20,310 
5.000%, due 7/1/27    60,000    62,249 
 Series B  Insured: AGM          
5.000%, due 10/1/23    15,000    15,039 
 Series C  Insured: AGM          
5.000%, due 7/15/32    20,000    20,805 
City of New Britain CT, General Obligation Bonds          
 Series B  Insured: AGM          
5.250%, due 9/1/30    100,000    110,003 
City of New Haven CT, General Obligation Bonds          
 Series A  Insured: AGM          
5.000%, due 8/1/28    1,000,000    1,017,624 
5.000%, due 8/1/39    350,000    369,903 
Metropolitan District (The), General Obligation Bonds          
 Series C  Insured: AGM          
5.000%, due 11/1/29    2,375,000    2,510,643 
         4,151,947 
District of Columbia — 0.6%          
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds          
  Insured: BAM-TCRS          
4.580%, due 10/1/37(c)    1,500,000    789,993 
 Series B  Insured: AGM          
4.000%, due 10/1/53    2,000,000    1,879,598 
         2,669,591 
   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Florida — 3.5%          
County of Miami-Dade FL Water & Sewer System Revenue, Revenue Bonds          
 Series B  Insured: BAM-TCRS          
4.000%, due 10/1/44   $1,355,000   $1,356,634 
County of Miami-Dade Seaport Department, Revenue Bonds          
 Series A-2  Insured: AGM          
3.000%, due 10/1/50    4,090,000    3,000,734 
County of Osceola FL Transportation Revenue, Revenue Bonds          
  Insured: AGM-CR          
6.760%, due 10/1/40(c)    1,250,000    569,907 
7.040%, due 10/1/41(c)    1,015,000    438,253 
County of Pasco FL, Revenue Bonds          
  Insured: AGM          
5.250%, due 9/1/28    1,000,000    1,092,195 
5.250%, due 9/1/29    1,000,000    1,111,911 
Florida State Board of Governors Florida International University Dormitory Rev, Revenue Bonds          
  Insured: BAM          
5.000%, due 7/1/26    1,050,000    1,104,503 
Fort Pierce Utilities Authority, Revenue Bonds          
 Series A  Insured: AGM          
5.000%, due 10/1/41    500,000    547,580 
5.000%, due 10/1/42    400,000    438,485 
Miami-Dade County Expressway Authority, Revenue Bonds          
  Insured: BAM-TCRS          
5.000%, due 7/1/26    3,180,000    3,219,205 
School Board of Miami-Dade County (The), General Obligation Bonds          
 Series A          
5.000%, due 3/15/39    1,645,000    1,687,115 
         14,566,522 
Georgia — 0.5%          
DeKalb Newton & Gwinnett Counties Joint Development Authority, Revenue Bonds          
 Series A  Insured: AGM          
5.000%, due 7/1/39    2,250,000    2,252,123 
           
Idaho — 0.5%          
Idaho Housing & Finance Association, Revenue Bonds          
  Insured: SCH BD GTY          
5.000%, due 5/1/52    1,000,000    1,009,762 
5.250%, due 5/1/42    800,000    842,656 
         1,852,418 
Illinois — 17.7%          
Boone, Mchenry & Dekalb Counties Community Unit School District 100, General Obligation Bonds          
  Insured: BHAC-CR NATL-RE          
3.570%, due 12/1/23(c)    395,000    390,315 
Chicago Board of Education, General Obligation Bonds          
 Series A  Insured: AGC-ICC FGIC          
5.500%, due 12/1/26    1,575,000    1,654,669 
 Series A  Insured: AGM          
5.000%, due 12/1/31    500,000    527,802 
Chicago Board of Education Dedicated Capital Improvement Tax, Revenue Bonds          
5.250%, due 4/1/35    2,750,000    3,072,785 


 

 

 

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

 

July 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Illinois (continued)          
Chicago O’Hare International Airport, Revenue Bonds          
 Series A  Insured: AGM          
5.250%, due 1/1/45   $3,585,000   $3,822,658 
Chicago Transit Authority Sales Tax Receipts Fund, Revenue Bonds          
  Insured: BAM-TCRS          
4.000%, due 12/1/50    4,750,000    4,411,213 
City of Calumet City IL, General Obligation Bonds          
 Series A  Insured: AGM          
4.500%, due 3/1/43    1,000,000    983,014 
City of Chicago IL, General Obligation Bonds          
 Series A          
4.000%, due 1/1/35    775,000    765,425 
City of Chicago IL Wastewater Transmission Revenue, Revenue Bonds          
 Series A  Insured: NATL          
3.790%, due 1/1/27(c)    1,300,000    1,143,451 
City of Chicago IL Waterworks Revenue, Revenue Bonds          
  Insured: BAM-TCRS          
5.000%, due 11/1/44    3,220,000    3,242,211 
City of Decatur IL, General Obligation Bonds          
  Insured: BAM          
4.000%, due 3/1/40    2,705,000    2,684,827 
4.000%, due 3/1/42    3,000,000    2,989,998 
City of Joliet IL, General Obligation Bonds          
  Insured: BAM          
5.500%, due 12/15/44    5,000,000    5,635,235 
City of Rock Island IL, General Obligation Bonds          
  Insured: BAM          
4.000%, due 12/1/36    1,435,000    1,445,884 
City of Waukegan IL, General Obligation Bonds          
 Series A  Insured: BAM          
4.000%, due 12/30/36    1,015,000    1,029,115 
Cook County High School District No 220 Reavis, General Obligation Bonds          
  Insured: BAM          
4.000%, due 6/1/40    1,250,000    1,213,896 
County of Cook IL Sales Tax Revenue, Revenue Bonds          
 Series A  Insured: BAM-TCRS          
4.000%, due 11/15/40    780,000    773,792 
La Salle County Community Unit School District No 2 Serena, General Obligation Bonds          
  Insured: BAM          
5.500%, due 12/1/38    1,825,000    2,058,266 
5.500%, due 10/1/42    1,260,000    1,409,122 
Macon County School District No 61 Decatur, General Obligation Bonds          
  Insured: AGM          
5.000%, due 12/1/40    1,305,000    1,359,122 
Madison-Macoupin Etc Counties Community College District No 536, General Obligation Bonds          
 Series A  Insured: AGM          
5.000%, due 11/1/32    225,000    237,061 
Metropolitan Pier & Exposition Authority, Revenue Bonds          
  Insured: AGM          
4.580%, due 6/15/45(c)    720,000    267,334 
   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Illinois (continued)          
Northern Illinois University, Revenue Bonds          
  Insured: BAM          
4.000%, due 10/1/32   $500,000   $505,969 
4.000%, due 10/1/40    400,000    382,979 
4.000%, due 10/1/41    400,000    376,331 
 Series B  Insured: BAM          
4.000%, due 4/1/37    1,425,000    1,398,785 
Sales Tax Securitization Corp., Revenue Bonds          
 Series C  Insured: BAM-TCRS          
5.250%, due 1/1/48    2,500,000    2,638,511 
Sangamon & Christian Counties Community Unit School District No 3A Rochester, General Obligation Bonds          
  Insured: BAM          
5.500%, due 2/1/47    1,590,000    1,735,891 
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    1,528,237 
5.000%, due 12/1/46    1,800,000    1,899,003 
Southern Illinois University, Revenue Bonds          
  Insured: BAM          
4.000%, due 4/1/40    1,000,000    939,863 
 Series A  Insured: NATL          
4.640%, due 4/1/25(c)    390,000    361,252 
Southwestern Illinois Development Authority, Revenue Bonds          
  Insured: BAM          
5.500%, due 12/1/40    2,700,000    3,011,887 
State of Illinois, General Obligation Bonds          
5.750%, due 5/1/45    1,000,000    1,092,870 
  Insured: BAM-TCRS          
4.000%, due 6/1/41    3,300,000    3,194,364 
  Insured: NATL          
6.000%, due 11/1/26    500,000    523,782 
Town of Cicero IL, General Obligation Bonds          
  Insured: BAM          
5.000%, due 1/1/30    475,000    503,280 
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    1,134,927 
Village of McCook IL, General Obligation Bonds          
 Series B  Insured: AGM          
5.000%, due 12/1/26    1,875,000    1,952,725 
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    4,052,625 
Will County School District No 114 Manhattan, General Obligation Bonds          
  Insured: BAM          
5.500%, due 1/1/45    3,765,000    4,206,767 
Williamson County Community Unit School District No 1 Johnston City, General Obligation Bonds          
  Insured: AGM          
3.810%, due 12/1/26(c)    590,000    520,226 
3.940%, due 12/1/25(c)    590,000    538,628 
         73,616,097 


 

 

 

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

 

July 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Indiana — 1.4%          
Evansville Waterworks District, Revenue Bonds          
 Series A  Insured: BAM          
4.250%, due 1/1/49   $1,000,000   $1,010,144 
5.000%, due 7/1/47    2,000,000    2,138,002 
Indianapolis Local Public Improvement Bond Bank, Revenue Bonds          
  Insured: NATL          
5.250%, due 1/1/24    2,500,000    2,519,236 
         5,667,382 
Iowa — 3.7%          
Burlington Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
  Insured: BAM          
4.000%, due 6/1/41    1,940,000    1,879,230 
City of Orange City IA Water Revenue, Revenue Bonds          
 Series B  Insured: AGM          
4.000%, due 6/1/37    650,000    652,043 
4.250%, due 6/1/42    1,165,000    1,179,441 
City of West Des Moines IA, General Obligation Bonds          
 Series B          
2.000%, due 6/1/40    1,280,000    926,198 
Clinton Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
  Insured: AGM          
4.000%, due 7/1/41    2,100,000    2,082,071 
College Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
  Insured: BAM          
4.000%, due 6/1/41    750,000    743,272 
Jesup Community School District, General Obligation Bonds          
  Insured: AGM          
3.000%, due 6/1/31    580,000    570,052 
3.250%, due 6/1/32    600,000    595,384 
3.375%, due 6/1/33    620,000    615,432 
4.000%, due 6/1/40    805,000    797,039 
4.000%, due 6/1/41    835,000    831,532 
4.000%, due 6/1/42    870,000    863,168 
Sioux City Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
  Insured: BAM          
3.000%, due 10/1/23    840,000    838,858 
3.000%, due 10/1/24    2,500,000    2,483,851 
West Delaware County Community School District Sales & Services Tax Revenue, Revenue Bonds          
  Insured: BAM          
4.125%, due 6/1/41    325,000    325,584 
5.000%, due 6/1/26    170,000    177,905 
         15,561,060 
Kansas — 0.3%          
Wyandotte County Unified School District No 203 Piper, General Obligation Bonds          
  Insured: AGM          
5.000%, due 9/1/40    1,050,000    1,160,902 
   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Kentucky — 1.2%          
Kentucky Bond Development Corp., Revenue Bonds          
  Insured: BAM          
5.000%, due 9/1/38   $1,045,000   $1,132,864 
5.000%, due 9/1/49    1,000,000    1,055,140 
Kentucky Economic Development Finance Authority, Revenue Bonds          
 Series A  Insured: AGM          
4.000%, due 6/1/37    500,000    484,989 
Louisville & Jefferson County Visitors and Convention Commission, Revenue Bonds          
  Insured: BAM          
4.000%, due 6/1/36    100,000    101,338 
Paducah Electric Plant Board, Revenue Bonds          
 Series A  Insured: AGM          
5.000%, due 10/1/34    1,000,000    1,040,358 
Woodford County School District Finance Corp., Revenue Bonds          
 Series A  Insured: BAM          
6.000%, due 8/1/28    1,040,000    1,182,744 
         4,997,433 
Louisiana — 0.2%          
City of Shreveport LA Water & Sewer Revenue, Revenue Bonds          
  Insured: BAM          
5.000%, due 12/1/25    535,000    554,154 
 Series C  Insured: BAM          
5.000%, due 12/1/32    125,000    133,541 
         687,695 
Maine — 0.6%          
Finance Authority of Maine, Revenue Bonds          
 Series A-1  Insured: AGC          
5.000%, due 12/1/26    150,000    155,979 
Maine Health & Higher Educational Facilities Authority, Revenue Bonds          
  Insured: AGM ST AID WITHHLDG          
5.500%, due 7/1/40    1,180,000    1,315,869 
5.500%, due 7/1/42    1,000,000    1,106,837 
         2,578,685 
Massachusetts — 0.2%          
Commonwealth of Massachusetts, Revenue Bonds          
  Insured: NATL          
5.500%, due 1/1/25    580,000    597,082 
           
Michigan — 0.7%          
City of Saginaw MI Water Supply System Revenue, Revenue Bonds          
  Insured: AGM          
4.000%, due 7/1/26    1,070,000    1,088,289 
Grandville Public Schools, General Obligation Bonds          
  Insured: AGM          
5.000%, due 5/1/40    1,750,000    1,781,973 
         2,870,262 
Minnesota — 0.1%          
City of Buffalo MN, General Obligation Bonds          
 Series A  Insured: BAM          
4.000%, due 11/1/24    325,000    325,632 


 

 

 

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

 

July 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Mississippi — 0.1%          
Mississippi Development Bank, Revenue Bonds          
  Insured: BAM          
5.250%, due 10/1/38   $460,000   $491,312 
           
Missouri — 2.0%          
Hazelwood School District, General Obligation Bonds          
 Series A  Insured: BAM          
5.000%, due 3/1/38    2,925,000    3,248,792 
Hickman Mills C-1 School District, General Obligation Bonds          
  Insured: BAM          
5.750%, due 3/1/41    1,960,000    2,205,224 
Kansas City Municipal Assistance Corp., Revenue Bonds          
 Series B1  Insured: AMBAC          
3.460%, due 4/15/26(c)    1,720,000    1,567,460 
Wright City R-II School District, General Obligation Bonds          
  Insured: AGM          
6.000%, due 3/1/42    1,000,000    1,191,374 
         8,212,850 
Nevada — 0.3%          
City of Reno NV, Revenue Bonds          
 Series A-1  Insured: AGM          
4.000%, due 6/1/46    1,150,000    1,096,057 
5.000%, due 6/1/32    265,000    279,313 
         1,375,370 
New Hampshire — 0.2%          
New Hampshire Health and Education Facilities Authority Act, Revenue Bonds          
  Insured: BAM          
5.000%, due 7/1/37    840,000    942,468 
           
New Jersey — 6.0%          
Berlin Borough School District, General Obligation Bonds          
  Insured: AGM SCH BD RES FD          
4.000%, due 3/1/39    1,210,000    1,220,932 
4.000%, due 3/1/40    1,255,000    1,266,399 
4.000%, due 3/1/41    1,310,000    1,322,514 
4.000%, due 3/1/42    1,360,000    1,371,295 
City of Orange Township NJ, General Obligation Bonds          
  Insured: AGM ST AID WITHHLDG          
4.000%, due 12/1/24    675,000    680,258 
City of Union City NJ, General Obligation Bonds          
  Insured: AGM          
0.050%, due 8/1/24    540,000    513,324 
Kenilworth School District, General Obligation Bonds          
  Insured: BAM SCH BD RES FD          
4.000%, due 8/15/39    1,020,000    1,024,343 
4.250%, due 8/15/45    1,450,000    1,469,778 
Maywood School District, General Obligation Bonds          
  Insured: BAM SCH BD RES  FD          
3.000%, due 7/15/32    1,240,000    1,227,206 
3.000%, due 7/15/33    1,000,000    985,400 
New Jersey Building Authority, Revenue Bonds          
 Series A  Insured: BAM          
5.000%, due 6/15/25    1,500,000    1,544,202 
   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
New Jersey (continued)          
New Jersey Transportation Trust Fund Authority, Revenue Bonds          
4.000%, due 6/15/50   $3,000,000   $2,837,101 
 Series C  Insured: BHAC-CR AMBAC          
3.640%, due 12/15/24(c)    605,000    575,738 
 Series C  Insured: BHAC-CR MBIA          
3.470%, due 12/15/27(c)    1,305,000    1,122,588 
 Series C  Insured: BHAC-CR NATL          
3.570%, due 12/15/30(c)    300,000    231,072 
North Hudson Sewerage Authority, Revenue Bonds          
  Insured: AGM          
5.000%, due 6/1/26    830,000    872,727 
 Series A  Insured: NATL          
3.440%, due 8/1/25(c)    1,450,000    1,354,196 
South Jersey Transportation Authority, Revenue Bonds          
  Insured: BAM          
5.000%, due 11/1/37    500,000    556,285 
5.250%, due 11/1/52    2,250,000    2,465,943 
Weehawken Township Board of Education, General Obligation Bonds          
  Insured: AGM SCH BD RES FD          
4.000%, due 7/15/41    1,140,000    1,134,304 
4.000%, due 7/15/42    1,200,000    1,184,782 
         24,960,387 
New York — 4.7%          
Amherst Development Corp., Revenue Bonds          
  Insured: BAM          
4.000%, due 10/1/42    3,905,000    3,805,349 
City of Long Beach NY, General Obligation Bonds          
 Series B  Insured: BAM          
5.250%, due 7/15/35    400,000    442,516 
5.250%, due 7/15/36    300,000    328,201 
5.250%, due 7/15/37    325,000    352,398 
5.250%, due 7/15/42    1,800,000    1,906,327 
City of New York NY, General Obligation Bonds          
 Series A-1  Insured: BAM-TCRS          
4.000%, due 8/1/44    1,085,000    1,071,340 
City of Yonkers NY, General Obligation Bonds          
 Series G  Insured: BAM          
5.000%, due 11/15/26    335,000    355,800 
County of Nassau NY, General Obligation Bonds          
 Series A  Insured: AGM-CR          
4.125%, due 4/1/47    3,525,000    3,487,347 
Metropolitan Transportation Authority, Revenue Bonds          
 Series A-1          
4.000%, due 11/15/46    600,000    564,227 
5.000%, due 11/15/29    500,000    515,979 
 Series B  Insured: AMBAC          
5.250%, due 11/15/23    1,250,000    1,254,543 
 Series E          
4.000%, due 11/15/45    450,000    425,587 
New York City Industrial Development Agency, Revenue Bonds          
  Insured: NATL          
3.829%, due 3/1/24(a),(b)    1,500,000    1,510,777 
 Series A  Insured: AGM          
3.000%, due 3/1/49    1,265,000    944,558 


 

 

 

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

 

July 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
New York (continued)          
New York Liberty Development Corp., Revenue Bonds          
  Insured: BAM-TCRS          
4.000%, due 2/15/43   $1,480,000   $1,454,855 
New York State Dormitory Authority, Revenue Bonds          
 Series A  Insured: AGM          
4.000%, due 10/1/36    5,000    5,299 
Oneida County Local Development Corp., Revenue Bonds          
 Series A  Insured: AGM          
3.000%, due 12/1/44    305,000    235,976 
Port Authority of New York & New Jersey, Revenue Bonds          
 Series 231          
5.500%, due 8/1/52    765,000    834,838 
         19,495,917 
North Carolina — 2.6%          
Charlotte-Mecklenburg Hospital Authority (The), Revenue Bonds          
 Series H          
3.950%, due 1/15/48(a),(b)    2,975,000    2,975,000 
Greater Asheville Regional Airport Authority, Revenue Bonds          
 Series A  Insured: AGM          
5.250%, due 7/1/41    3,250,000    3,500,933 
North Carolina Eastern Municipal Power Agency, Revenue Bonds          
 Series B  Insured: NATL          
6.000%, due 1/1/25    1,000,000    1,034,053 
North Carolina Turnpike Authority, Revenue Bonds          
  Insured: AGM          
5.000%, due 1/1/49    3,325,000    3,432,142 
         10,942,128 
Ohio — 2.9%          
City of Toledo OH, General Obligation Bonds          
  Insured: AGM          
5.500%, due 12/1/42    3,000,000    3,364,998 
Cloverleaf Local School District, Certificates of Participation          
  Insured: BAM          
5.375%, due 12/1/39    1,780,000    1,906,359 
5.500%, due 12/1/42    955,000    1,025,041 
County of Cuyahoga OH, Revenue Bonds          
5.000%, due 2/15/28    500,000    512,337 
Green Local School District/Summit County, Certificates of Participation          
  Insured: AGM          
5.500%, due 11/1/47    3,000,000    3,279,586 
State of Ohio, General Obligation Bonds          
 Series B          
5.000%, due 8/1/24    1,065,000    1,084,177 
State of Ohio, Revenue Bonds          
  Insured: AGM          
5.000%, due 12/31/26    1,000,000    1,015,740 
         12,188,238 
Oregon — 0.7%          
Multnomah County School District No 1 Portland, General Obligation Bonds          
 Series J  Insured: SCH BD GTY          
5.000%, due 6/15/24    1,605,000    1,629,261 
   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Oregon (continued)          
Umatilla County School District No 6R Umatilla, General Obligation Bonds          
  Insured: SCH BD GTY          
4.660%, due 6/15/43(c)   $3,000,000   $1,188,056 
         2,817,317 
Pennsylvania — 6.6%          
Bucks County Industrial Development Authority, Revenue Bonds          
  Insured: AGM-CR          
4.000%, due 8/15/44    1,030,000    1,002,831 
City of Philadelphia PA Airport Revenue, Revenue Bonds          
  Insured: AGM          
4.000%, due 7/1/39    1,335,000    1,298,678 
Coatesville School District, General Obligation Bonds          
  Insured: AGM ST AID WITHHLDG          
5.000%, due 8/1/25    300,000    310,414 
County of Lehigh PA, Revenue Bonds          
  Insured: AGM-CR          
4.000%, due 7/1/49    1,500,000    1,417,297 
County of Luzerne PA, General Obligation Bonds          
 Series A  Insured: AGM          
5.000%, due 11/15/24    2,480,000    2,528,963 
Delaware Valley Regional Finance Authority, Revenue Bonds          
 Series B  Insured: AMBAC          
5.700%, due 7/1/27    375,000    410,817 
Erie City Water Authority, Revenue Bonds          
  Insured: BAM          
4.000%, due 12/1/37    1,075,000    1,082,341 
Indiana County Industrial Development Authority, Revenue Bonds          
  Insured: BAM          
5.000%, due 5/1/31    870,000    949,112 
5.000%, due 5/1/33    575,000    625,004 
Mckeesport Area School District, General Obligation Bonds          
 Series C  Insured: AMBAC ST AID WITHHLDG          
4.010%, due 10/1/25(c)    1,100,000    1,009,127 
Montgomery County Higher Education and Health Authority, Revenue Bonds          
  Insured: AGM-CR          
4.000%, due 9/1/44    1,140,000    1,106,762 
Pennsylvania Economic Development Financing Authority, Revenue Bonds          
  Insured: AGM          
5.500%, due 6/30/42    3,625,000    4,048,421 
 Series B  Insured: BAMTCRS          
3.650%, due 1/1/31(c)    775,000    592,546 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds          
 Series A  Insured: AGC          
4.307%, (3-Month LIBOR + 0.60%), due 7/1/27(a)    110,000    108,736 
Pennsylvania Turnpike Commission, Revenue Bonds          
 Series A  Insured: BAM-TCRS          
5.000%, due 12/1/44    1,595,000    1,689,763 
Pittsburgh Water & Sewer Authority, Revenue Bonds          
  Insured: AGM          
5.000%, due 9/1/33    1,250,000    1,470,998 
5.000%, due 9/1/37    1,350,000    1,525,657 
5.000%, due 9/1/38    1,420,000    1,594,390 


 

 

 

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

 

July 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Pennsylvania (continued)          
School District of Philadelphia (The), General Obligation Bonds          
 Series F  Insured: BAM          
5.000%, due 9/1/27   $5,000   $5,303 
Scranton School District, General Obligation Bonds          
 Series E  Insured: BAM ST AID WITHHLDG          
5.000%, due 12/1/35    695,000    747,935 
Sports & Exhibition Authority of Pittsburgh and Allegheny County, Revenue Bonds          
  Insured: AGM          
5.000%, due 2/1/31    1,165,000    1,297,216 
State Public School Building Authority, Revenue Bonds          
  Insured: BAM          
5.250%, due 10/1/44    1,205,000    1,291,631 
Westmoreland County Municipal Authority, Revenue Bonds          
  Insured: BAM          
5.000%, due 8/15/38    1,115,000    1,140,623 
         27,254,565 
Puerto Rico — 0.1%          
Puerto Rico Electric Power Authority, Revenue Bonds          
 Series B  Insured: NATL          
5.000%, due 7/1/24    25,000    25,005 
 Series UU  Insured: AGM          
4.227%, (3-Month LIBOR + 0.52%), due 7/1/29(a)    510,000    475,395 
         500,400 
Rhode Island — 0.3%          
Rhode Island Health and Educational Building Corp., Revenue Bonds          
 Series A  Insured: AGM MUN GOVT GTD          
5.000%, due 5/15/25    1,000,000    1,028,339 
           
South Carolina — 1.2%          
South Carolina Public Service Authority, Revenue Bonds          
  Insured: AGM          
5.250%, due 12/1/37    2,000,000    2,223,253 
5.750%, due 12/1/52    600,000    671,268 
Spartanburg County School District No 4, General Obligation Bonds          
  Insured: SCSDE          
5.000%, due 3/1/42    1,830,000    2,023,455 
         4,917,976 
South Dakota — 2.3%          
Baltic School District No 49-1, General Obligation Bonds          
  Insured: AGM          
5.250%, due 12/1/47    1,780,000    1,948,813 
5.500%, due 12/1/51    3,080,000    3,408,563 
City of Brandon SD Water Utility Revenue, Revenue Bonds          
  Insured: BAM          
4.250%, due 8/1/42    1,470,000    1,487,645 
5.500%, due 8/1/47    1,000,000    1,136,311 
De Smet School District No 38-2, General Obligation Bonds          
  Insured: BAM          
5.000%, due 8/1/47    1,300,000    1,401,027 
         9,382,359 
   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Tennessee — 0.1%          
Chattanooga Health Educational & Housing Facility Board, Revenue Bonds          
5.000%, due 10/1/27   $550,000   $561,607 
           
Texas — 14.4%          
Belmont Fresh Water Supply District No 1, General Obligation Bonds          
  Insured: BAM          
4.000%, due 3/1/40    695,000    677,523 
4.000%, due 3/1/43    2,280,000    2,203,330 
Brazoria County Municipal Utility District No 22, General Obligation Bonds          
  Insured: BAM          
4.000%, due 9/1/43    800,000    771,574 
4.000%, due 9/1/44    895,000    858,788 
City of Arlington TX Special Tax Revenue, Special Tax          
 Series A  Insured: AGM          
5.000%, due 2/15/37    1,500,000    1,594,792 
5.000%, due 2/15/48    2,000,000    2,078,174 
City of Georgetown TX Utility System Revenue, Revenue Bonds          
  Insured: BAM          
5.250%, due 8/15/48    960,000    1,054,994 
City of Temple TX, Tax Allocation          
 Series A  Insured: BAM          
4.000%, due 8/1/32    250,000    261,221 
City of West TX, General Obligation Bonds          
  Insured: AGM          
6.000%, due 4/1/26    325,000    347,592 
6.000%, due 4/1/28    385,000    432,944 
Denton Independent School District, General Obligation Bonds          
  Insured: PSF-GTD          
2.000%, due 8/15/39    3,000,000    2,187,843 
2.000%, due 8/15/40    3,000,000    2,138,524 
Fort Bend County Municipal Utility District No 134, General Obligation Bonds          
 Series B  Insured: AGM          
6.500%, due 3/1/28    390,000    441,627 
6.500%, due 3/1/29    340,000    394,548 
Galveston County Municipal Utility District No 56, General Obligation Bonds          
  Insured: AGM          
6.875%, due 6/1/29    625,000    737,480 
Georgetown Independent School District, General Obligation Bonds          
  Insured: PSF-GTD          
2.500%, due 8/15/35    2,220,000    1,953,527 
3.000%, due 8/15/41    2,670,000    2,273,260 
Greater Texoma Utility Authority, Revenue Bonds          
  Insured: AGM          
5.000%, due 10/1/29    1,000,000    1,111,934 
  Insured: BAM          
5.000%, due 10/1/30    750,000    847,294 
5.000%, due 10/1/31    1,000,000    1,145,953 
Guadalupe-Blanco River Authority, Revenue Bonds          
  Insured: BAM          
6.000%, due 8/15/42    1,975,000    2,272,193 
Harris County Municipal Utility District No 171, General Obligation Bonds          
  Insured: BAM          
7.000%, due 12/1/28    930,000    1,087,446 
7.000%, due 12/1/29    905,000    1,083,818 


 

 

 

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

 

July 31, 2023 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Texas (continued)          
Harris County Municipal Utility District No 423, General Obligation Bonds          
 Series A  Insured: BAM          
5.000%, due 4/1/44   $1,800,000   $1,827,562 
6.000%, due 4/1/30    350,000    381,528 
6.000%, due 4/1/31    350,000    381,686 
6.000%, due 4/1/32    375,000    408,825 
Harris County Municipal Utility District No 457, General Obligation Bonds          
  Insured: AGM          
4.125%, due 3/1/47    1,670,000    1,551,002 
Harris County Municipal Utility District No 489, General Obligation Bonds          
  Insured: BAM          
6.000%, due 9/1/27    980,000    1,077,013 
6.000%, due 9/1/28    980,000    1,101,572 
6.000%, due 9/1/29    705,000    809,118 
Harris County Water Control & Improvement District No 158, General Obligation Bonds          
  Insured: BAM          
5.000%, due 9/1/48    1,500,000    1,542,853 
7.000%, due 9/1/27    340,000    384,437 
7.000%, due 9/1/28    360,000    418,617 
7.000%, due 9/1/29    380,000    454,126 
Harris County-Houston Sports Authority, Revenue Bonds          
 Series A3  Insured: NATL          
4.680%, due 11/15/33(c)    1,325,000    737,681 
Horizon Regional Municipal Utility District, General Obligation Bonds          
  Insured: BAM          
4.000%, due 2/1/47    2,650,000    2,494,932 
Kaufman County Municipal Utility District No 3, General Obligation Bonds          
  Insured: AGM          
5.000%, due 3/1/48    1,560,000    1,592,053 
5.125%, due 3/1/46    1,415,000    1,453,570 
Lazy Nine Municipal Utility District No 1B, General Obligation Bonds          
 Series 1B  Insured: BAM          
4.125%, due 3/1/39    605,000    595,557 
Lower Colorado River Authority, Revenue Bonds          
  Insured: AGM          
5.500%, due 5/15/48    1,885,000    2,104,790 
Matagorda County Navigation District No 1, Revenue Bonds          
 Series A  Insured: AMBAC          
4.400%, due 5/1/30    500,000    509,548 
Montgomery County Municipal Utility District No 95, General Obligation Bonds          
  Insured: BAM          
5.000%, due 9/1/41    2,000,000    2,059,380 
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds          
 Series B-1  Insured: AGM          
4.000%, due 7/1/30    155,000    157,760 
Robstown Independent School District, General Obligation Bonds          
  Insured: PSF-GTD          
4.500%, due 2/15/38    700,000    710,720 
Texas Municipal Power Agency, Revenue Bonds          
  Insured: AGM          
3.000%, due 9/1/35    1,345,000    1,224,568 
   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Texas (continued)          
Texas Public Finance Authority, Revenue Bonds          
  Insured: BAM          
5.250%, due 5/1/39   $600,000   $654,113 
5.250%, due 5/1/42    500,000    539,983 
Texas State Technical College, Revenue Bonds          
  Insured: AGM          
5.250%, due 8/1/36    1,015,000    1,160,368 
5.500%, due 8/1/42    4,000,000    4,501,423 
Williamson County Municipal Utility District No 25, General Obligation Bonds          
  Insured: AGM          
4.500%, due 8/15/44    1,190,000    1,193,473 
         59,984,637 
Utah — 2.0%          
City of Salt Lake City UT Airport Revenue, Revenue Bonds          
 Series A          
5.000%, due 7/1/47    2,660,000    2,706,700 
Heber Light & Power Co., Revenue Bonds          
  Insured: BAM          
5.000%, due 12/15/47    4,450,000    4,746,424 
Vineyard Redevelopment Agency, Tax Allocation          
  Insured: AGM          
5.000%, due 5/1/25    615,000    632,532 
         8,085,656 
Virginia — 0.3%          
City of Chesapeake VA Water & Sewer System Revenue, Revenue Bonds          
2.000%, due 7/1/40    1,480,000    1,066,925 
           
Washington — 1.3%          
County of King WA, General Obligation Bonds          
3.950%, due 1/1/46(a),(b)    3,100,000    3,100,000 
Franklin County School District No 1 Pasco, General Obligation Bonds          
  Insured: SCH BD GTY          
5.500%, due 12/1/40    2,000,000    2,316,807 
         5,416,807 
Wisconsin — 2.4%          
City of Milwaukee WI, General Obligation Bonds          
 Series N3  Insured: BAM          
5.000%, due 4/1/30    1,645,000    1,826,098 
Monroe School District, General Obligation Bonds          
  Insured: AGM          
4.000%, due 3/1/42    2,760,000    2,718,820 
4.000%, due 3/1/43    2,000,000    1,970,886 
Viroqua Area School District, General Obligation Bonds          
  Insured: AGM          
4.000%, due 3/1/40    1,390,000    1,393,391 
4.000%, due 3/1/41    1,455,000    1,458,369 
Wisconsin Center District, Revenue Bonds          
 Series A  Insured: BAM-TCRS          
6.870%, due 12/15/37(c)    1,150,000    613,657 
         9,981,221 
Total Municipal Bonds          
(Cost $408,370,097)         411,269,658 


 

 

 

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

 

July 31, 2023 (unaudited)

 

   Shares   Value 
Short-Term Investment — 0.0%(d)          
           
Money Market Fund — 0.0%(d)          
           
Dreyfus Tax Exempt Cash Management - Institutional, 3.58%(e)          
(Cost $83,535)    83,546   $83,535 
           
Total Investments — 98.9%          
(Cost $408,453,632)         411,353,193 
Other Assets and Liabilities, Net — 1.1%         4,410,157 
Net Assets — 100.0%        $415,763,350 

 

 

 

(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) The security was issued on a discount basis with no stated coupon rate. Rate shown reflects the effective yield.
(d) Less than 0.05%.
(e) Reflects the 7-day yield at July 31, 2023.

1

 

Abbreviations
AGC  - Assured Guaranty Corp.
AGM  - Assured Guaranty Municipal Corp.
AMBAC  - Ambac Assurance Corp.
BAM  - Build America Mutual Assurance Co.
BHAC  - Berkshire Hathaway Assurance Corp.
CR  - Custodial Receipts
FGIC  - Financial Guaranty Insurance Co.
IBC  - Insured Bond Certificate
ICC  - Insured Custody Certificate
LIBOR         - London InterBank Offered Rate
MBIA         - MBIA Insurance Corp.
NATL  - National Public Finance Guarantee Corp.
PSF-GTD  - Permanent School Fund Guaranteed
SCH BD GTY  - School Bond Guaranty Program
SCH BD RES FD  - School Board Resolution Fund
SCSDE  - South Carolina Department of Education
TCRS  - Transferable Custodial Receipts

 



 

 

 

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

 

July 31, 2023 (unaudited)

 

The following is a summary of the inputs used to value the Fund’s investments as of July 31, 2023. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to the Fund’s most recent semi-annual or annual financial statements.
 
Description  Level 1  Level 2  Level 3  Total
Asset Valuation Inputs                
Investments in Securities:(f)                
Municipal Bonds   $–  $411,269,658  $–  $411,269,658
Short-Term Investment:                
Money Market Fund    83,535   –   –   83,535
Total Investments in Securities   $83,535  $411,269,658  $–  $411,353,193

 

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

 

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