Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)
22 March 2014 - 6:53AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number
811-22227
|
IndexIQ
ETF Trust
|
|
(Exact name of registrant as specified in charter)
|
|
800 Westchester Ave., Suite S-710
|
|
Rye Brook,
NY 10573
|
|
(Address of principal executive offices) (Zip code)
|
|
Adam S. Patti
|
|
IndexIQ Advisors LLC
|
|
800 Westchester Ave., Suite S-710
|
|
|
Rye
Brook, NY 10573
|
|
|
(Name and address of agent for service)
|
Registrant's telephone number, including area code:
1-888-934-0777
Date of fiscal year end:
April 30
Date of reporting period:
January 31, 2014
Form N-Q is to be used by management investment
companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter),
to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to
rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form
N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information
specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection
of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB")
control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions
for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has
reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Schedule of Investments.
The Schedule(s) of Investments is attached herewith.
Item 1.
Schedule of Investments
Schedules of Investments ─
IQ Hedge Multi-Strategy Tracker ETF
January 31, 2014
(unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Investment Companies — 87.6%
|
|
|
|
|
|
|
|
|
Aggregate Bond Funds — 23.6%
|
|
|
|
iShares Core Total US Bond Market ETF
|
649,815
|
|
$ 70,134,533
|
|
SPDR Barclays Aggregate Bond ETF
|
53,518
|
|
3,054,272
|
|
Vanguard Total Bond Market ETF
|
1,007,709
|
|
81,916,665
|
|
|
|
|
|
|
Total Aggregate Bond Funds
|
|
155,105,470
|
|
|
|
|
|
|
Commodity Fund — 0.6%
|
|
|
|
PowerShares DB Commodity Index Tracking Fund*
|
149,904
|
|
3,729,611
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Bond Funds — 9.0%
|
|
|
|
iShares Credit Bond ETF
|
8,386
|
|
911,726
|
|
iShares iBoxx $ Investment Grade Corporate Bond ETF
(a)
|
146,311
|
|
17,021,822
|
|
PowerShares Senior Loan Portfolio
|
1,666,829
|
|
41,520,710
|
|
|
|
|
|
|
Total Corporate Bond Funds
|
|
59,454,258
|
|
|
|
|
|
|
Currency Funds — 1.4%
|
|
|
|
CurrencyShares Japanese Yen Trust
*(a)
|
7,242
|
|
692,191
|
|
WisdomTree Emerging Currency Strategy Fund
*(a)
|
442,568
|
|
8,625,650
|
|
|
|
|
|
|
Total Currency Funds
|
|
9,317,841
|
|
|
|
|
|
|
Currency Harvest Fund — 0.2%
|
|
|
|
PowerShares DB G10 Currency Harvest Fund
*(a)
|
44,382
|
|
1,107,775
|
|
|
|
|
|
|
|
|
|
|
|
Equity Funds — 10.2%
|
|
|
|
iShares MSCI EAFE ETF
|
777,961
|
|
49,486,099
|
|
Vanguard FTSE Developed Markets ETF
(a)
|
450,029
|
|
17,780,646
|
|
|
|
|
|
|
Total Equity Funds
|
|
67,266,745
|
|
|
|
|
|
|
International Bond Funds — 2.5%
|
|
|
|
iShares J.P. Morgan USD Emerging Markets Bond ETF
(a)
|
98,339
|
|
10,551,775
|
|
PowerShares Emerging Markets Sovereign Debt Portfolio
(a)
|
209,555
|
|
5,601,405
|
|
|
|
|
|
|
Total International Bond Funds
|
|
16,153,180
|
|
|
|
|
|
|
Real Estate Fund — 0.7%
|
|
|
|
SPDR Dow Jones International Real Estate ETF
(a)
|
109,893
|
|
4,338,576
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Treasury Bond Funds — 13.1%
|
|
|
|
iShares 1-3 Year Treasury Bond ETF
(a)
|
321,469
|
|
27,180,204
|
|
iShares Short Treasury Bond ETF
|
83,995
|
|
9,259,609
|
|
SPDR Barclays 1-3 Month T-Bill ETF
*(a)
|
77,064
|
|
3,527,219
|
|
Vanguard Short-Term Bond ETF
|
574,127
|
|
46,131,104
|
|
|
|
|
|
|
Total Short-Term Treasury Bond Funds
|
|
86,098,136
|
|
|
|
|
|
|
Treasury Inflation-Protected Securities Bond Fund — 6.1%
|
|
|
|
iShares TIPS Bond ETF
|
359,017
|
|
40,285,297
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Investment Companies (continued)
|
|
|
|
|
|
|
|
|
U.S. Large Cap Equity Funds — 16.4%
|
|
|
|
iShares Russell 1000 Growth ETF
|
1,032,918
|
|
$ 86,227,995
|
|
SPDR S&P 500 ETF Trust
(a)
|
119,084
|
|
21,218,387
|
|
|
|
|
|
|
Total U.S. Large Cap Equity Funds
|
|
107,446,382
|
|
|
|
|
|
|
U.S. Small Cap Equity Fund — 3.8%
|
|
|
|
iShares Russell 2000 ETF
(a)
|
220,725
|
|
24,756,516
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies — 87.6%
|
|
|
|
(Cost $560,355,653)
|
|
|
575,059,787
|
|
|
|
|
|
|
Short-Term Investment — 10.4%
|
|
|
|
|
|
|
|
|
|
Money Market Fund — 10.4%
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(b)
|
|
|
|
|
(Cost $68,163,264)
|
68,163,264
|
|
68,163,264
|
|
|
|
|
|
|
|
|
|
|
|
Investment of Cash Collateral For Securities Loaned — 13.2%
|
|
|
|
|
|
|
|
|
|
Money Market Fund — 13.2%
|
|
|
|
|
BNY Mellon Overnight Government Fund, 0.02%
(c)
|
|
|
|
|
(Cost $86,519,615)
|
86,519,615
|
|
86,519,615
|
|
|
|
|
|
|
|
|
|
|
Total Investments — 111.2%
|
|
|
|
(Cost $715,038,532)
|
|
|
$ 729,742,666
|
|
Liabilities in Excess of Other Assets — (11.2)%
(d)
|
|
(73,427,875)
|
|
Net Assets — 100.0%
|
|
|
$ 656,314,791
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $84,338,718; total market value of collateral held by the Fund was $86,519,615.
|
|
(b)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(c)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
(d)
|
Liabilities in Excess of Other Assets includes net unrealized appreciation (depreciation) on futures and swap contracts.
|
|
|
|
|
ETF
—
Exchange
Traded Fund
|
Schedules of Investments ─
IQ Hedge Multi-Strategy Tracker ETF
(continued)
January 31, 2014
(unaudited)
Open futures contracts outstanding at January 31, 2014:
|
Type
|
|
Broker
|
|
Expiration Date
|
|
Number of
Contracts Purchased (Sold)
|
|
Value at
Trade Date
|
|
Value at
January 31, 2014
|
|
Unrealized
Appreciation
|
|
E-Mini Future Euro FX Future
|
|
Morgan Stanley
|
|
March 2014
|
|
|
(284)
|
|
|
$
|
(24,391,303
|
)
|
|
$
|
(23,934,100
|
)
|
|
$
|
457,203
|
|
|
Gold 100 Oz Future
|
|
Morgan Stanley
|
|
April 2014
|
|
|
(24)
|
|
|
|
(3,001,020
|
)
|
|
|
(2,975,520
|
)
|
|
|
25,500
|
|
|
Mini MSCI Emerging Market Index Future
|
|
Morgan Stanley
|
|
March 2014
|
|
|
(24)
|
|
|
|
(1,160,169
|
)
|
|
|
(1,110,360
|
)
|
|
|
49,809
|
|
|
Silver Future
|
|
Morgan Stanley
|
|
March 2014
|
|
|
(3)
|
|
|
|
(301,479
|
)
|
|
|
(286,800
|
)
|
|
|
14,679
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
547,191
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash posted as collateral to broker for futures contracts was
$602,220 at January 31, 2014.
|
|
|
|
Total return swap contracts
outstanding at January 31, 2014:
|
|
|
|
|
|
|
|
|
Annual
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized
|
|
|
|
|
|
Financing Rate
|
|
|
|
Expiration
|
|
|
|
Notional
|
|
|
|
Appreciation
|
|
|
Total Return Benchmark
|
|
|
Received (Paid)
|
|
|
|
Date
|
|
|
|
Amount
|
|
|
|
(Depreciation)
1
|
|
|
iPath S&P 500 VIX Mid-Term Futures ETN
|
|
|
(2.76)%
|
|
|
|
4/17/2014
|
|
|
$
|
(4,072,628
|
)
|
|
$
|
—
|
|
|
iShares U.S. Real Estate ETF
|
|
|
(0.74)%
|
|
|
|
4/17/2014
|
|
|
|
(23,554,989
|
)
|
|
|
—
|
|
|
SPDR Barclays Convertible Securities ETF
|
|
|
0.57%
|
|
|
|
4/17/2014
|
|
|
|
51,119,071
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
—
|
|
_______________
Cash
posted has been segregated as collateral for swaps in the amount of $13,573,663 at January 31, 2014.
Morgan Stanley acts as the counterparty to the total return swap contracts listed above. The Fund either received fees from, or pay fees to, the counterparty, depending upon the total return of the benchmark, and the agreed-upon financing rate.
1 Reflects a reset date of January 31, 2014.
Schedules of Investments ─
IQ Hedge Macro Tracker ETF
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Investment Companies — 98.9%
|
|
|
|
|
|
|
|
|
Commodity Funds — 2.3%
|
|
|
|
iShares Silver Trust*
|
1,268
|
|
$ 23,395
|
|
PowerShares DB Commodity Index Tracking Fund*
|
17,252
|
|
429,230
|
|
PowerShares DB Gold Fund
*(a)
|
5,934
|
|
247,744
|
|
|
|
|
|
|
Total Commodity Funds
|
|
700,369
|
|
|
|
|
|
|
Corporate Bond Funds — 19.1%
|
|
|
|
iShares Credit Bond ETF
|
2,779
|
|
302,133
|
|
iShares iBoxx $ Investment Grade Corporate Bond ETF
(a)
|
48,425
|
|
5,633,764
|
|
|
|
|
|
|
Total Corporate Bond Funds
|
|
5,935,897
|
|
|
|
|
|
|
Currency Fund — 6.7%
|
|
|
|
Market Vectors Emerging Markets Local Currency Bond ETF
(a)
|
92,435
|
|
2,081,636
|
|
|
|
|
|
|
|
|
|
|
|
Currency Harvest Funds — 8.1%
|
|
|
|
CurrencyShares Euro Trust
*(a)
|
18,236
|
|
2,430,676
|
|
PowerShares DB G10 Currency Harvest Fund
*(a)
|
3,660
|
|
91,354
|
|
|
|
|
|
|
Total Currency Harvest Funds
|
|
2,522,030
|
|
|
|
|
|
|
Debt Fund — 8.6%
|
|
|
|
WisdomTree Emerging Markets Local Debt Fund
(a)
|
61,148
|
|
2,690,512
|
|
|
|
|
|
|
|
|
|
|
|
Emerging Equity Funds — 10.0%
|
|
|
|
iShares MSCI Emerging Markets ETF
|
15,044
|
|
574,530
|
|
SPDR S&P Emerging Markets SmallCap ETF
(a)
|
43,016
|
|
1,874,207
|
|
Vanguard FTSE Emerging Markets ETF
(a)
|
17,644
|
|
664,650
|
|
|
|
|
|
|
Total Emerging Equity Funds
|
|
3,113,387
|
|
|
|
|
|
|
Short-Term Treasury Bond Funds — 35.1%
|
|
|
|
iShares 1-3 Year Treasury Bond ETF
|
40,765
|
|
3,446,681
|
|
iShares Short Treasury Bond ETF
(a)
|
10,650
|
|
1,174,056
|
|
SPDR Barclays 1-3 Month T-Bill ETF
*(a)
|
9,774
|
|
447,356
|
|
Vanguard Short-Term Bond ETF
|
72,803
|
|
5,849,721
|
|
|
|
|
|
|
Total Short-Term Treasury Bond Funds
|
|
10,917,814
|
|
|
|
|
|
|
U.S. Small Cap Equity Fund — 9.0%
|
|
|
|
iShares Russell 2000 ETF
(a)
|
25,009
|
|
2,805,010
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies — 98.9%
|
|
|
|
(Cost $31,565,027)
|
|
|
30,766,655
|
|
|
|
|
|
|
Short-Term Investment — 0.7%
|
|
|
|
|
|
|
|
|
|
Money Market Fund — 0.7%
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(b)
|
|
|
|
|
(Cost $235,248)
|
235,248
|
|
235,248
|
|
|
|
|
|
|
|
|
|
|
|
Investment of Cash Collateral For
Securities Loaned —
30.3%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Money Market Fund — 30.3%
|
|
|
|
|
BNY Mellon Overnight Government Fund, 0.02%
(c)
|
|
|
|
|
(Cost $9,421,343)
|
9,421,343
|
|
$ 9,421,343
|
|
|
|
|
|
|
|
|
|
|
Total Investments — 129.9%
|
|
|
|
(Cost $41,221,618)
|
|
|
$ 40,423,246
|
|
Liabilities in Excess of Other Assets
— (29.9)%
(d)
|
|
(9,310,362)
|
|
Net Assets — 100.0%
|
|
|
$ 31,112,884
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $9,171,975; total market value of collateral held by the Fund was $9,421,343.
|
|
(b)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(c)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
(d)
|
Liabilities in Excess of Other Assets includes net unrealized appreciation (depreciation) on futures and swap contracts.
|
ETF
—
Exchange Traded Fund
Schedules of Investments ─
IQ Hedge Macro Tracker ETF (continued)
January 31, 2014 (unaudited)
|
Open futures contracts outstanding at January 31, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type
|
|
Broker
|
|
Expiration Date
|
|
Number of
Contracts Purchased (Sold)
|
|
Value at Trade Date
|
|
Value at
January 31, 2014
|
|
Unrealized
Depreciation
|
|
E-Mini Future Japanese Yen FX Future
|
|
Morgan Stanley
|
|
March 2014
|
|
(1)
|
|
$(60,620)
|
|
$(61,094)
|
|
$(474)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash posted as collateral to the broker for futures contracts was $1,575 at January 31, 2014.
|
|
|
|
Total return swap contract outstanding at January 31, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annual Financing Rate
|
|
Expiration
|
|
Notional
|
|
Unrealized
|
|
Total Return Benchmark
|
Received (Paid)
|
|
Date
|
|
Amount
|
|
Appreciation
1
|
|
Pro-Shares VIX Mid-Term ETF
|
0.57%
|
|
6/10/2014
|
|
$351,932
|
|
$ -
|
|
_______________
|
|
|
|
|
Cash
posted has been segregated as collateral for swaps in the amount of $113,760 at January 31, 2014.
|
|
|
|
|
|
Morgan Stanley acts as the counterparty to the total return swap
contract listed above. The Fund either received fees from, or pay fees to, the
counterparty, depending upon the total return of the benchmark, and the
agreed-upon financing rate.
1 Reflects a reset date of January 31, 2014.
Schedules of Investments —
IQ Hedge Market Neutral Tracker ETF
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Investment Companies — 91.0%
|
|
|
|
|
|
|
|
|
Aggregate Bond Funds — 15.5%
|
|
|
|
iShares Core Total US Bond Market ETF
|
14,054
|
|
$ 1,516,848
|
|
SPDR Barclays Aggregate Bond ETF
|
1,157
|
|
66,030
|
|
Vanguard Total Bond Market ETF
|
21,795
|
|
1,771,716
|
|
|
|
|
|
|
Total Aggregate Bond Funds
|
|
3,354,594
|
|
|
|
|
|
|
Currency Harvest Fund — 0.2%
|
|
|
|
PowerShares DB G10 Currency Harvest Fund
*(a)
|
2,142
|
|
53,464
|
|
|
|
|
|
|
|
|
|
|
|
Equity Funds — 15.5%
|
|
|
|
iShares MSCI EAFE ETF
|
38,813
|
|
2,468,894
|
|
Vanguard FTSE Developed Markets ETF
(a)
|
22,452
|
|
887,079
|
|
|
|
|
|
|
Total Equity Funds
|
|
3,355,973
|
|
|
|
|
|
|
Short-Term Treasury Bond Funds — 42.9%
|
|
|
|
iShares 1-3 Year Treasury Bond ETF
|
34,668
|
|
2,931,179
|
|
iShares Short Treasury Bond ETF
|
9,058
|
|
998,554
|
|
SPDR Barclays 1-3 Month T-Bill ETF*
|
8,312
|
|
380,440
|
|
Vanguard Short-Term Bond ETF
|
61,916
|
|
4,974,952
|
|
|
|
|
|
|
Total Short-Term Treasury Bond Funds
|
|
9,285,125
|
|
|
|
|
|
|
Treasury Inflation-Protected Securities Bond Fund — 12.8%
|
|
|
|
iShares TIPS Bond ETF
|
24,757
|
|
2,777,983
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Small Cap Equity Fund — 4.1%
|
|
|
|
iShares Russell 2000 ETF
(a)
|
7,944
|
|
890,999
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Companies — 91.0%
|
|
|
|
(Cost $19,710,575)
|
|
|
19,718,138
|
|
|
|
|
|
|
Short-Term Investment — 7.7%
|
|
|
|
|
|
|
|
|
|
Money Market Fund — 7.7%
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(b)
|
|
|
|
|
(Cost $1,659,726)
|
1,659,726
|
|
1,659,726
|
|
|
|
|
|
|
|
|
|
|
|
Investment of Cash Collateral For
Securities Loaned —
3.4%
|
|
|
|
|
|
|
|
|
|
Money Market Fund — 3.4%
|
|
|
|
|
BNY Mellon Overnight Government Fund, 0.02%
(c)
|
|
|
|
|
(Cost $746,778)
|
746,778
|
|
746,778
|
|
|
|
|
|
|
|
|
|
|
Total Investments — 102.1%
|
|
|
|
(Cost $22,117,079)
|
|
|
$ 22,124,642
|
|
Liabilities in Excess of Other Assets —
(2.1)%
(d)
|
|
(460,117)
|
|
Net Assets — 100.0%
|
|
|
$ 21,664,525
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $720,218; total market value of collateral held by the Fund was $746,778.
|
|
(b)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(c)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
(d)
|
Liabilities in Excess of Other Assets includes net unrealized appreciation (depreciation) on futures and swap contracts.
|
ETF
— Exchange Traded Fund
Schedules of Investments —
IQ Hedge Market Neutral Tracker ETF (continued)
January 31, 2014 (unaudited)
|
Open futures contracts outstanding at January 31, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type
|
|
Broker
|
|
Expiration Date
|
|
Number of
Contracts Purchased (Sold)
|
|
Value at Trade Date
|
|
Value at
January 31, 2014
|
|
Unrealized
Appreciation
|
|
E-Mini Future Euro FX Future
|
|
Morgan Stanley
|
|
March 2014
|
|
(2)
|
|
$ (171,219)
|
|
$ (168,550)
|
|
$ 2,669
|
|
Mini MSCI Emerging Market Index Future
|
|
Morgan Stanley
|
|
March 2014
|
|
(26)
|
|
(1,287,438)
|
|
(1,202,890)
|
|
84,548
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$87,217
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash posted as collateral to the broker for futures contracts was $87,530 at January 31, 2014.
|
|
|
|
Total return swap contract outstanding at January 31, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annual
Financing Rate
|
|
Expiration
|
|
Notional
|
|
Unrealized
|
|
Total Return Benchmark
|
Received
(Paid)
|
|
Date
|
|
Amount
|
|
Appreciation
1
|
|
SPDR Barclays Capital Convertible Securities ETF
|
0.57%
|
|
10/08/2014
|
|
$1,189,249
|
|
$ -
|
|
_______________
|
|
|
|
|
Cash
posted has been segregated as collateral for swaps in the amount of $207,654 at January 31, 2014.
|
|
|
|
|
|
Morgan Stanley acts as the counterparty to the total return swap
contract listed above. The Fund either receives fees from, or pay fees to, the counterparty, depending upon the total return of
the benchmark, and the agreed-upon financing rate.
1 Reflects a reset date of January 31, 2014.
Schedules of Investments ─
IQ Real Return ETF
January 31, 2014 (unaudited)
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Investment Companies — 99.4%
|
|
|
|
|
|
|
|
|
Equity Funds — 2.2%
|
|
|
|
iShares MSCI EAFE ETF
|
5,718
|
|
$ 363,722
|
|
Vanguard FTSE Developed Markets ETF
(a)
|
3,312
|
|
130,857
|
|
|
|
|
|
|
Total Equity Funds
|
|
494,579
|
|
|
|
|
|
|
Intermediate-Term Treasury Bond Funds — 7.6%
|
|
|
|
iShares 3-7 Year Treasury Bond ETF
(a)
|
4,569
|
|
555,453
|
|
iShares 7-10 Year Treasury Bond ETF
|
10,957
|
|
1,120,682
|
|
|
|
|
|
|
Total Intermediate-Term Treasury Bond Funds
|
|
1,676,135
|
|
|
|
|
|
|
Long-Term Bond Fund — 2.6%
|
|
|
|
iShares 20+ Year Treasury Bond ETF
|
5,274
|
|
571,069
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Funds — 7.1%
|
|
|
|
iShares U.S. Real Estate ETF
|
3,811
|
|
248,668
|
|
SPDR Dow Jones REIT ETF
|
1,900
|
|
140,676
|
|
Vanguard REIT ETF
|
17,606
|
|
1,185,236
|
|
|
|
|
|
|
Total Real Estate Funds
|
|
1,574,580
|
|
|
|
|
|
|
Short-Term Treasury Bond Funds — 70.3%
|
|
|
|
iShares Short Treasury Bond ETF
|
101,984
|
|
11,242,716
|
|
SPDR Barclays 1-3 Month T-Bill ETF
*(a)
|
93,565
|
|
4,282,470
|
|
|
|
|
|
|
Total Short-Term Treasury Bond Funds
|
|
15,525,186
|
|
|
|
|
|
|
U.S. Large Cap Equity Funds — 9.6%
|
|
|
|
iShares Core S&P 500 ETF
|
25
|
|
4,478
|
|
SPDR S&P 500 ETF Trust
(a)
|
11,893
|
|
2,119,094
|
|
|
|
|
|
|
Total U.S. Large Cap Equity Funds
|
|
2,123,572
|
|
|
|
|
|
|
Total Investment Companies — 99.4%
|
|
|
|
(Cost $21,842,439)
|
|
|
21,965,121
|
|
|
|
|
|
|
Short-Term Investment — 0.6%
|
|
|
|
|
|
|
|
|
|
Money Market Fund — 0.6%
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(b)
|
|
|
|
|
(Cost $136,839)
|
136,839
|
|
136,839
|
|
|
|
|
|
|
|
|
|
|
|
Investment of Cash Collateral For Securities Loaned — 22.1%
|
|
|
|
|
|
|
|
|
|
Money Market Fund — 22.1%
|
|
|
|
|
BNY Mellon Overnight Government Fund, 0.02%
(c)
|
|
|
|
|
(Cost $4,878,359)
|
4,878,359
|
|
4,878,359
|
|
|
|
|
|
|
|
|
|
|
Total Investments — 122.1%
|
|
|
|
(Cost $26,857,637)
|
|
|
$ 26,980,319
|
|
Liabilities in Excess of Other Assets
— (22.1)%
|
|
(4,886,586)
|
|
Net Assets — 100.0%
|
|
|
$ 22,093,733
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $4,768,077; total market value of collateral held by the Fund was $4,878,359.
|
|
(b)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(c)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
ETF
|
— Exchange Traded Fund
|
|
REIT
|
— Real Estate Investment Trust
|
|
|
|
|
|
Schedules of Investments —
IQ Global Resources ETF
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
Common Stocks - 90.3%
|
|
|
|
|
|
|
|
|
Australia - 3.3%
|
|
|
|
BHP Billiton Ltd.
|
20,159
|
|
$ 643,220
|
|
Fortescue Metals Group Ltd.
(a)
|
11,869
|
|
55,196
|
|
Iluka Resources Ltd.
|
1,650
|
|
12,640
|
|
Newcrest Mining Ltd.
|
114,837
|
|
966,884
|
|
PanAust Ltd.
|
89,709
|
|
127,973
|
|
Regis Resources Ltd.
|
76,047
|
|
179,148
|
|
Whitehaven Coal Ltd.
*(a)
|
333,264
|
|
521,937
|
|
Woodside Petroleum Ltd.
|
3,970
|
|
129,478
|
|
|
|
|
|
|
Total Australia
|
|
|
2,636,476
|
|
|
|
|
|
|
Canada - 19.5%
|
|
|
|
Agnico-Eagle Mines Ltd.
|
25,971
|
|
807,350
|
|
Alamos Gold, Inc.
|
20,000
|
|
183,327
|
|
B2Gold Corp.*
|
94,148
|
|
222,081
|
|
Barrick Gold Corp.
|
150,487
|
|
2,896,499
|
|
Canadian Natural Resources Ltd.
|
5,303
|
|
173,699
|
|
Canfor Corp.*
|
14,306
|
|
367,867
|
|
Centerra Gold, Inc.
|
34,332
|
|
132,715
|
|
China Gold International Resources Corp., Ltd.*
|
60,092
|
|
171,391
|
|
Domtar Corp. ADR
|
3,383
|
|
363,368
|
|
Eldorado Gold Corp.
|
104,584
|
|
664,115
|
|
Enbridge, Inc.
(a)
|
3,894
|
|
163,311
|
|
Goldcorp, Inc.
|
122,127
|
|
3,044,001
|
|
Husky Energy, Inc.
|
4,726
|
|
140,260
|
|
IAMGOLD Corp.
|
57,436
|
|
210,694
|
|
Imperial Oil Ltd.
|
4,122
|
|
168,400
|
|
Kinross Gold Corp.
|
173,016
|
|
792,961
|
|
New Gold, Inc.*
|
70,450
|
|
403,763
|
|
Norbord, Inc.
|
4,542
|
|
127,222
|
|
Osisko Mining Corp.*
|
65,900
|
|
394,827
|
|
Pan American Silver Corp.
(a)
|
23,184
|
|
291,528
|
|
Resolute Forest Products*
|
9,312
|
|
179,722
|
|
Silver Wheaton Corp.
|
54,126
|
|
1,174,320
|
|
Suncor Energy, Inc.
|
7,309
|
|
239,864
|
|
Teck Resources Ltd., Class B
|
2,254
|
|
54,179
|
|
TransCanada Corp.
|
3,418
|
|
148,437
|
|
West Fraser Timber Co., Ltd.
|
8,626
|
|
442,460
|
|
Westshore Terminals Investment Corp.
|
25,020
|
|
794,841
|
|
Yamana Gold, Inc.
|
108,488
|
|
1,014,871
|
|
|
|
|
|
|
Total Canada
|
|
|
15,768,073
|
|
|
|
|
|
|
Finland - 1.0%
|
|
|
|
UPM-Kymmene Oyj
|
53,895
|
|
827,100
|
|
|
|
|
|
|
|
|
|
|
|
France - 2.8%
|
|
|
|
GDF Suez
|
11,598
|
|
256,269
|
|
Suez Environnement Co.
|
41,158
|
|
737,366
|
|
Total SA
|
11,106
|
|
634,126
|
|
Veolia Environnement*
|
41,058
|
|
645,600
|
|
|
|
|
|
|
Total France
|
|
|
2,273,361
|
|
|
|
|
|
|
Germany - 0.2%
|
|
|
|
Suedzucker AG
|
7,450
|
|
185,864
|
|
|
|
|
|
|
|
|
|
|
|
Hong Kong - 2.0%
|
|
|
|
Beijing Enterprises Water Group Ltd.
(a)
|
611,275
|
|
346,385
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Hong Kong (continued)
|
|
|
|
China Modern Dairy Holdings Ltd.*
|
224,647
|
|
$ 104,153
|
|
CNOOC Ltd.
|
219,498
|
|
344,874
|
|
Lee & Man Paper Manufacturing Ltd.
|
482,151
|
|
323,512
|
|
Shougang Fushan Resources Group Ltd.
|
1,804,308
|
|
497,272
|
|
|
|
|
|
|
Total Hong Kong
|
|
|
1,616,196
|
|
|
|
|
|
|
Ireland - 0.5%
|
|
|
|
Kerry Group PLC, Class A
|
6,492
|
|
436,864
|
|
|
|
|
|
|
|
|
|
|
|
Italy - 0.5%
|
|
|
|
Eni SpA
|
17,879
|
|
406,266
|
|
|
|
|
|
|
|
|
|
|
|
Japan - 1.5%
|
|
|
|
Ajinomoto Co., Inc.
|
23,504
|
|
335,097
|
|
Dowa Holdings Co., Ltd.
|
1,579
|
|
14,507
|
|
Itoham Foods, Inc.
|
10,394
|
|
46,780
|
|
Mitsubishi Materials Corp.
|
5,413
|
|
18,524
|
|
Nippon Meat Packers, Inc.
|
9,304
|
|
161,019
|
|
Nippon Paper Industries Co., Ltd.
|
12,897
|
|
235,595
|
|
Nisshin Seifun Group, Inc.
|
9,945
|
|
100,050
|
|
Nissin Foods Holdings Co., Ltd.
|
3,875
|
|
169,271
|
|
Sumitomo Metal Mining Co., Ltd.
|
1,782
|
|
23,501
|
|
Toyo Suisan Kaisha Ltd.
|
3,556
|
|
112,972
|
|
|
|
|
|
|
Total Japan
|
|
|
1,217,316
|
|
|
|
|
|
|
Netherlands - 2.0%
|
|
|
|
DE Master Blenders 1753 NV*
|
20,255
|
|
341,436
|
|
Nutreco NV
|
3,240
|
|
144,690
|
|
Royal Dutch Shell PLC, Class A
|
31,485
|
|
1,087,378
|
|
|
|
|
|
|
Total Netherlands
|
|
|
1,573,504
|
|
|
|
|
|
|
New Zealand - 0.6%
|
|
|
|
Fletcher Building Ltd.
|
67,714
|
|
497,254
|
|
|
|
|
|
|
|
|
|
|
|
Norway - 0.5%
|
|
|
|
Norsk Hydro ASA
|
8,064
|
|
36,488
|
|
Statoil ASA
|
15,663
|
|
370,050
|
|
|
|
|
|
|
Total Norway
|
|
|
406,538
|
|
|
|
|
|
|
Singapore - 1.5%
|
|
|
|
Golden Agri-Resources Ltd.
|
467,596
|
|
190,228
|
|
Olam International Ltd.
|
86,959
|
|
100,688
|
|
Sakari Resources Ltd.*
|
240,456
|
|
348,023
|
|
Wilmar International Ltd.
|
232,694
|
|
567,990
|
|
|
|
|
|
|
Total Singapore
|
|
|
1,206,929
|
|
|
|
|
|
|
Spain - 0.4%
|
|
|
|
Ebro Foods SA
|
5,669
|
|
125,606
|
|
Repsol SA
|
6,468
|
|
151,596
|
|
|
|
|
|
|
Total Spain
|
|
|
277,202
|
|
|
|
|
|
|
Sweden - 7.8%
|
|
|
|
Boliden AB
|
1,084
|
|
16,501
|
|
Holmen AB, B Shares
|
8,598
|
|
297,493
|
|
Sandvik AB
|
427,196
|
|
5,997,267
|
|
|
|
|
|
|
Total Sweden
|
|
|
6,311,261
|
Schedules of Investments —
IQ Global Resources ETF (continued)
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Switzerland - 2.6%
|
|
|
|
Aryzta AG*
|
3,351
|
|
$ 264,003
|
|
Barry Callebaut AG*
|
189
|
|
224,133
|
|
Lindt & Spruengli AG
|
81
|
|
364,015
|
|
Pentair Ltd.
|
16,412
|
|
1,219,904
|
|
|
|
|
|
|
Total Switzerland
|
|
|
2,072,055
|
|
|
|
|
|
|
United Kingdom - 8.3%
|
|
|
|
African Barrick Gold Ltd. PLC
|
58,152
|
|
210,063
|
|
Anglo American PLC
|
5,496
|
|
129,705
|
|
Antofagasta PLC
|
3,885
|
|
54,303
|
|
Associated British Foods PLC
|
29,018
|
|
1,294,774
|
|
BG Group PLC
|
16,787
|
|
281,955
|
|
BP PLC
|
93,792
|
|
736,801
|
|
Centrica PLC
|
25,753
|
|
131,712
|
|
Cranswick PLC
|
2,265
|
|
49,173
|
|
Hochschild Mining PLC
|
51,915
|
|
130,326
|
|
Pennon Group PLC
(a)
|
28,909
|
|
326,872
|
|
Polymetal International PLC
|
57,809
|
|
548,661
|
|
Randgold Resources Ltd.
|
14,365
|
|
989,890
|
|
Rio Tinto PLC
|
7,275
|
|
387,796
|
|
Severn Trent PLC
|
19,258
|
|
546,588
|
|
Tate & Lyle PLC
|
16,953
|
|
211,050
|
|
United Utilities Group PLC
|
55,430
|
|
652,250
|
|
Vedanta Resources PLC
|
1,069
|
|
14,187
|
|
|
|
|
|
|
Total United Kingdom
|
|
|
6,696,106
|
|
|
|
|
|
|
United States - 35.3%
|
|
|
|
Alcoa, Inc.
(a)
|
4,152
|
|
47,789
|
|
Alpha Natural Resources, Inc.*
|
75,597
|
|
429,391
|
|
American Water Works Co., Inc.
|
14,320
|
|
609,602
|
|
Anadarko Petroleum Corp.
|
2,370
|
|
191,235
|
|
Apache Corp.
|
1,893
|
|
151,932
|
|
Aqua America, Inc.
|
14,061
|
|
336,761
|
|
Archer-Daniels-Midland Co.
|
23,753
|
|
937,768
|
|
Bunge Ltd.
|
5,282
|
|
400,164
|
|
Chevron Corp.
|
9,438
|
|
1,053,564
|
|
Cliffs Natural Resources, Inc.
(a)
|
545
|
|
10,529
|
|
Cloud Peak Energy, Inc.*
|
20,025
|
|
375,068
|
|
Coeur Mining, Inc.*
|
13,731
|
|
139,370
|
|
ConAgra Foods, Inc.
|
14,610
|
|
464,452
|
|
ConocoPhillips
|
5,912
|
|
383,984
|
|
CONSOL Energy, Inc.
|
77,238
|
|
2,884,839
|
|
Devon Energy Corp.
|
2,011
|
|
119,092
|
|
EOG Resources, Inc.
|
1,301
|
|
214,977
|
|
Exxon Mobil Corp.
|
21,705
|
|
2,000,333
|
|
Flowers Foods, Inc.
|
7,364
|
|
154,276
|
|
Flowserve Corp.
|
11,187
|
|
809,156
|
|
Freeport-McMoRan Copper Gold, Inc.
|
3,702
|
|
119,982
|
|
General Mills, Inc.
|
23,513
|
|
1,129,094
|
|
Halliburton Co.
|
4,482
|
|
219,663
|
|
Hershey Co.
|
8,074
|
|
802,556
|
|
Hess Corp.
|
1,652
|
|
124,710
|
|
Hillshire Brands Co.
|
4,404
|
|
156,870
|
|
Hormel Foods Corp.
|
12,408
|
|
563,820
|
|
IDEX Corp.
|
6,513
|
|
469,001
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
United States (continued)
|
|
|
|
Ingredion, Inc.
|
2,739
|
|
$ 170,640
|
|
J.M. Smucker Co.
|
3,910
|
|
376,885
|
|
Joy Global, Inc.
(a)
|
34,968
|
|
1,845,961
|
|
KapStone Paper And Packaging Corp.*
|
9,250
|
|
258,722
|
|
Kellogg Co.
|
13,069
|
|
757,741
|
|
Kinder Morgan, Inc.
|
5,068
|
|
172,363
|
|
Louisiana-Pacific Corp.*
|
13,731
|
|
240,704
|
|
Marathon Petroleum Corp.
|
1,500
|
|
130,575
|
|
MeadWestvaco Corp.
|
17,484
|
|
630,648
|
|
Mondelez International, Inc., Class A
|
64,839
|
|
2,123,477
|
|
National Oilwell Varco, Inc.
|
2,123
|
|
159,246
|
|
Newmont Mining Corp.
|
77,226
|
|
1,668,082
|
|
Occidental Petroleum Corp.
|
3,893
|
|
340,910
|
|
Peabody Energy Corp.
|
90,777
|
|
1,547,748
|
|
Phillips 66
|
2,957
|
|
216,127
|
|
Royal Gold, Inc.
|
9,706
|
|
542,954
|
|
Schlumberger Ltd.
|
6,483
|
|
567,716
|
|
Seaboard Corp.*
|
54
|
|
137,700
|
|
Southern Copper Corp.
|
3,361
|
|
94,041
|
|
Tyson Foods, Inc., Class A
|
16,383
|
|
612,724
|
|
Williams Cos., Inc. (The)
|
3,300
|
|
133,617
|
|
Xylem, Inc.
|
14,897
|
|
496,964
|
|
|
|
|
|
|
Total United States
|
|
|
28,525,523
|
|
Total Common Stocks - 90.3%
|
|
|
|
|
(Cost $78,930,805)
|
|
72,933,888
|
|
|
|
|
|
|
Short-Term Investment - 8.9%
|
|
|
|
|
|
|
|
|
Money Market Fund - 8.9%
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(b)
|
|
|
|
|
(Cost $7,258,019)
|
7,258,019
|
|
7,258,019
|
|
|
|
|
|
|
|
|
|
|
|
Investment of Cash Collateral For Securities Loaned - 1.2%
|
|
|
|
Money Market Fund - 1.2%
|
|
|
|
BNY Mellon Overnight Government Fund 0.02%
(c)
|
|
|
|
|
(Cost $969,296)
|
969,296
|
|
969,296
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 100.4%
|
|
|
|
|
(Cost $87,158,120)
|
|
$ 81,161,203
|
|
Liabilities in Excess of Other Assets - (0.4)%
(d)
|
|
(354,510)
|
|
Net Assets - 100.0%
|
|
|
$ 80,806,693
|
|
|
Schedules of Investments —
IQ Global Resources ETF (continued)
January 31, 2014 (unaudited)
|
|
|
|
|
% of
|
|
|
Industry
|
|
Value
|
|
Net Assets
|
|
|
Precious Metals
|
|
$ 17,907,794
|
|
22.2%
|
|
|
Coal
|
|
14,745,075
|
|
18.2
|
|
|
Grains Food Fiber
|
|
12,497,964
|
|
15.5
|
|
|
Energy
|
|
12,241,792
|
|
15.1
|
|
|
Money Market Fund
|
|
8,227,315
|
|
10.2
|
|
|
Water
|
|
7,196,449
|
|
8.9
|
|
|
Timber
|
|
4,791,667
|
|
5.9
|
|
|
Livestock
|
|
1,820,059
|
|
2.3
|
|
|
Industrial Metals
|
|
1,733,088
|
|
2.1
|
|
|
Total Investments
|
|
$ 81,161,203
|
|
100.4
|
|
|
Liabilities in Excess of Other Assets
|
|
(354,510)
|
|
(0.4)
|
|
|
Total Net Assets
|
|
$ 80,806,693
|
|
100.0%
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $2,722,017; total market value of collateral held by the Fund was $2,854,639.
Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $1,885,342.
|
|
(b)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(c)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
(d)
|
Liabilities in Excess of Other Assets includes net unrealized appreciation on future contracts.
|
|
ADR
|
- American Depositary Receipt
|
|
PLC
|
- Public Limited Company
|
|
|
Schedules of Investments —
IQ Global Resources ETF (continued)
January 31, 2014 (unaudited)
|
|
|
Open futures contracts outstanding at January 31, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Type
|
|
Broker
|
|
Expiration
Date
|
|
Number of
Contracts Purchased (Sold)
|
|
Value at
Trade Date
|
|
Value at
January 31, 2014
|
|
Unrealized
Appreciation
|
|
E-mini S&P 500 Future
|
|
Morgan Stanley
|
|
March 2014
|
|
(91)
|
|
$(8,179,513)
|
|
$(8,083,530)
|
|
$ 95,983
|
|
Mini MSCI EAFE Index Future
|
|
Morgan Stanley
|
|
March 2014
|
|
(89)
|
|
(8,180,344)
|
|
(8,089,210)
|
|
91,134
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$187,117
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash posted as collateral to broker for futures contracts was $859,935 at January 31, 2014.
|
|
|
Schedules of Investments —
IQ Merger Arbitrage ETF
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks — 63.0%
|
|
|
|
|
|
|
|
|
Basic Materials — 0.5%
|
|
|
|
Sakari Resources Ltd.*
|
425
|
|
$ 615
|
|
Zoltek Cos., Inc.*
|
6,841
|
|
114,245
|
|
|
|
|
|
|
Total Basic Materials
|
|
|
114,860
|
|
|
|
|
|
|
Capital Goods — 0.8%
|
|
|
|
Coleman Cable, Inc.
|
7,561
|
|
198,400
|
|
|
|
|
|
|
|
|
|
|
|
Communication Services — 0.6%
|
|
|
|
Leap Wireless International, Inc.*
|
9,101
|
|
159,722
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Cyclicals — 10.5%
|
|
|
|
Costa, Inc., Class A*
|
2,833
|
|
60,881
|
|
Jones Group, Inc./PA
|
58,886
|
|
868,569
|
|
Omnicom Group, Inc.
|
17,860
|
|
1,296,279
|
|
Valassis Communications, Inc.
|
12,915
|
|
439,110
|
|
|
|
|
|
|
Total Consumer Cyclicals
|
|
|
2,664,839
|
|
|
|
|
|
|
Consumer Staples — 2.6%
|
|
|
|
Blyth, Inc.
(a)
|
5,005
|
|
46,947
|
|
Shoppers Drug Mart Corp.
|
10,163
|
|
535,063
|
|
Warrnambool Cheese & Butter Factory Co. Holding Ltd.
|
9,394
|
|
77,291
|
|
|
|
|
|
|
Total Consumer Staples
|
|
|
659,301
|
|
|
|
|
|
|
Energy — 1.0%
|
|
|
|
PVR Partners LP
|
9,281
|
|
260,239
|
|
|
|
|
|
|
|
|
|
|
|
Financials — 11.1%
|
|
|
|
BRE Properties, Inc.
|
16,953
|
|
1,001,922
|
|
CapitalSource, Inc.
|
18,808
|
|
258,234
|
|
Chatham Lodging Trust
|
3,569
|
|
74,628
|
|
Commonwealth Property Office Fund
|
478,246
|
|
513,242
|
|
CommonWealth REIT
|
15,879
|
|
390,306
|
|
Home Federal Bancorp, Inc.
|
3,997
|
|
57,956
|
|
KKR Financial Holdings LLC
|
31,683
|
|
383,364
|
|
Sterling Financial Corp.
|
4,947
|
|
155,831
|
|
|
|
|
|
|
Total Financials
|
|
|
2,835,483
|
|
|
|
|
|
|
Health Care — 13.1%
|
|
|
|
Algeta ASA*
|
9,613
|
|
549,904
|
|
Celesio AG
(a)
|
20,355
|
|
672,519
|
|
Gentium SpA ADR
*(a)
|
7,711
|
|
438,987
|
|
Hi-Tech Pharmacal Co., Inc.*
|
3,829
|
|
165,642
|
|
Life Technologies Corp.*
|
15,825
|
|
1,203,808
|
|
Medica SA
|
2,984
|
|
85,511
|
|
Paladin Labs, Inc.*
|
1,263
|
|
140,465
|
|
Patheon, Inc.*
|
7,740
|
|
71,295
|
|
|
|
|
|
|
Total Health Care
|
|
|
3,328,131
|
|
|
|
|
|
|
Technology — 19.8%
|
|
|
|
LSI Corp.
|
231,994
|
|
2,558,894
|
|
Responsys, Inc.*
|
30,699
|
|
829,180
|
|
Tokyo Electron Ltd.
|
26,561
|
|
1,384,761
|
|
Unit4 NV
|
3,150
|
|
163,758
|
|
Xyratex Ltd.
|
8,240
|
|
108,850
|
|
|
|
|
|
|
Total Technology
|
|
|
5,045,443
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Utilities — 3.0%
|
|
|
|
UNS Energy Corp.
|
12,825
|
|
$ 767,961
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks— 63.0%
|
|
|
|
(Cost $15,832,536)
|
|
|
16,034,379
|
|
Right — 0.0%
|
|
|
|
Health Care — 0.0%
|
|
|
|
Trius Therapeutics CVR
*(b)
|
|
|
|
|
(Cost $0)
|
6,177
|
|
–
|
|
Short-Term Investment —26.5%
|
|
|
|
|
|
|
|
|
Money Market Fund — 26.5%
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(c)
|
|
|
|
|
(Cost $6,736,086)
|
6,736,086
|
|
6,736,086
|
|
|
|
|
|
|
|
|
|
|
|
Investment of Cash Collateral For Securities Loaned — 8.9%
|
|
|
|
|
|
|
|
|
Money Market Fund — 8.9%
|
|
|
|
BNY Mellon Overnight Government Fund, 0.02%
(d)
|
|
|
|
|
(Cost $2,271,448)
|
2,271,448
|
|
2,271,448
|
|
|
|
|
|
|
Total Investments — 98.4%
|
|
|
|
(Cost $24,840,070)
|
|
|
$ 25,041,913
|
|
Other Assets in Excess of Liabilities — 1.6%
(e)
|
|
|
410,161
|
|
Net Assets — 100.0%
|
|
|
$ 25,452,074
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $1,750,342; total market value of collateral held by the Fund was $2,271,448.
|
|
(b)
|
Security fair valued as determined in good faith in accordance with procedures established by the Board of Trustees.
|
|
(c)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(d)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
(e)
|
Other Assets in Excess of Liabilities includes net unrealized appreciation
on futures contracts.
|
|
|
|
|
ADR
|
- American Depositary Receipt
|
|
CVR
|
- Contingent Value Right
|
|
LP
|
- Limited Partnership
|
|
REIT
|
- Real Estate Investment Trust
|
|
|
Schedules of Investments —
IQ Merger Arbitrage ETF (continued)
January 31, 2014 (unaudited)
Open futures contracts outstanding at January 31, 2014:
|
Type
|
|
Broker
|
|
Expiration
Date
|
|
Number of
Contracts
Purchased
(Sold)
|
|
Value at
Trade Date
|
|
Value at
January 31, 2014
|
|
Unrealized
Appreciation
|
|
E-mini S&P 500 Future
|
|
Morgan Stanley
|
|
March 2014
|
|
(29)
|
|
$(2,607,477)
|
|
$(2,576,070)
|
|
$31,407
|
|
Mini MSCI EAFE Index Fund Future
|
|
Morgan Stanley
|
|
March 2014
|
|
(28)
|
|
(2,579,688)
|
|
(2,544,920)
|
|
34,768
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$66,175
|
Cash posted as collateral to broker for futures contracts was $272,145 at January 31, 2014.
Schedules of Investments ─ IQ Australia Small Cap ETF
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 99.3%
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 23.6%
|
|
|
|
Ainsworth Game Technology Ltd.
|
10,812
|
|
$ 39,809
|
|
Aristocrat Leisure Ltd.
|
38,150
|
|
151,451
|
|
Automotive Holdings Group Ltd.
|
17,084
|
|
55,897
|
|
Breville Group Ltd.
(a)
|
12,358
|
|
87,768
|
|
Cash Converters International Ltd.
|
38,793
|
|
29,447
|
|
David Jones Ltd.
(a)
|
47,675
|
|
124,373
|
|
Echo Entertainment Group Ltd.
|
73,909
|
|
152,186
|
|
Fairfax Media Ltd.
|
180,023
|
|
105,237
|
|
G.U.D. Holdings Ltd.
(a)
|
6,830
|
|
37,364
|
|
G8 Education Ltd.
|
21,857
|
|
61,978
|
|
Invocare Ltd.
|
10,300
|
|
94,361
|
|
JB Hi-Fi Ltd.
(a)
|
7,864
|
|
123,504
|
|
Myer Holdings Ltd.
|
44,535
|
|
98,308
|
|
Navitas Ltd.
|
23,411
|
|
138,080
|
|
Pacific Brands Ltd.
|
78,070
|
|
41,891
|
|
Retail Food Group Ltd.
|
10,838
|
|
39,716
|
|
Seven West Media Ltd.
|
61,644
|
|
117,788
|
|
Slater & Gordon Ltd.
|
13,322
|
|
51,143
|
|
Southern Cross Media Group Ltd.
|
63,262
|
|
86,658
|
|
STW Communications Group Ltd.
|
31,055
|
|
39,288
|
|
Super Retail Group Ltd.
|
7,783
|
|
72,728
|
|
Tabcorp Holdings Ltd.
|
72,162
|
|
217,217
|
|
Ten Network Holdings Ltd.*
|
100,325
|
|
31,074
|
|
Wotif.com Holdings Ltd.
(a)
|
13,015
|
|
27,708
|
|
|
|
|
|
|
Total Consumer Discretionary
|
|
|
2,024,974
|
|
|
|
|
|
|
Consumer Staples - 2.6%
|
|
|
|
Bega Cheese Ltd.
|
7,975
|
|
33,608
|
|
Goodman Fielder Ltd.
|
168,564
|
|
100,009
|
|
GrainCorp Ltd., Class A
|
13,032
|
|
86,415
|
|
|
|
|
|
|
Total Consumer Staples
|
|
|
220,032
|
|
|
|
|
|
|
Energy - 7.8%
|
|
|
|
Aquila Resources Ltd.
*(a)
|
16,757
|
|
35,528
|
|
Aurora Oil & Gas Ltd.*
|
38,612
|
|
91,971
|
|
AWE Ltd.*
|
49,783
|
|
56,249
|
|
Beach Energy Ltd.
|
114,970
|
|
142,944
|
|
Buru Energy Ltd.*
|
22,687
|
|
36,323
|
|
Drillsearch Energy Ltd.
*(a)
|
32,560
|
|
41,050
|
|
Energy Resources of Australia Ltd.*
|
15,265
|
|
16,782
|
|
Karoon Gas Australia Ltd.*
|
22,828
|
|
63,935
|
|
Paladin Energy Ltd.
*(a)
|
78,290
|
|
34,495
|
|
Senex Energy Ltd.*
|
94,258
|
|
54,278
|
|
Whitehaven Coal Ltd.*
|
61,647
|
|
96,548
|
|
|
|
|
|
|
Total Energy
|
|
|
670,103
|
|
|
|
|
|
|
Financials - 10.2%
|
|
|
|
Bank of Queensland Ltd.
|
30,422
|
|
302,592
|
|
Challenger Ltd.
|
48,286
|
|
252,777
|
|
FlexiGroup Ltd.
|
20,327
|
|
71,828
|
|
IOOF Holdings Ltd.
|
21,524
|
|
165,449
|
|
Magellan Financial Group Ltd.
|
8,009
|
|
78,823
|
|
|
|
|
|
|
Total Financials
|
|
|
871,469
|
|
|
|
|
|
|
Health Care - 7.7%
|
|
|
|
Acrux Ltd.
|
15,562
|
|
31,501
|
|
Ansell Ltd.
|
11,346
|
|
189,771
|
|
Mesoblast Ltd.*
|
18,396
|
|
94,377
|
|
Primary Health Care Ltd.
|
46,195
|
|
199,914
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Health Care (continued)
|
|
|
|
Sigma Pharmaceuticals Ltd.
|
104,518
|
|
$ 54,259
|
|
Sirtex Medical Ltd.
|
4,112
|
|
50,587
|
|
Virtus Health Ltd.*
|
5,846
|
|
42,386
|
|
|
|
|
|
|
Total Health Care
|
|
|
662,795
|
|
|
|
|
|
|
Industrials - 16.1%
|
|
|
|
Ausdrill Ltd.
(a)
|
24,642
|
|
19,350
|
|
Bradken Ltd.
(a)
|
15,038
|
|
65,603
|
|
Cabcharge Australia Ltd.
(a)
|
11,518
|
|
38,489
|
|
Cardno Ltd.
(a)
|
13,410
|
|
74,882
|
|
CSR Ltd.
|
47,661
|
|
121,426
|
|
Downer EDI Ltd.
|
39,383
|
|
169,403
|
|
GWA Group Ltd.
|
20,865
|
|
54,614
|
|
McMillan Shakespeare Ltd.
|
5,391
|
|
55,785
|
|
Mermaid Marine Australia Ltd.
|
21,621
|
|
55,273
|
|
Mineral Resources Ltd.
|
12,419
|
|
122,225
|
|
Monadelphous Group Ltd.
(a)
|
8,307
|
|
115,821
|
|
RCR Tomlinson Ltd.
|
12,512
|
|
33,514
|
|
SAI Global Ltd.
|
20,189
|
|
66,056
|
|
Skilled Group Ltd.
|
19,905
|
|
49,496
|
|
Tox Free Solutions Ltd.
|
12,508
|
|
36,450
|
|
Transfield Services Ltd.
|
43,137
|
|
29,922
|
|
Transpacific Industries Group Ltd.*
|
146,672
|
|
142,688
|
|
UGL Ltd.
(a)
|
15,384
|
|
94,092
|
|
Virgin Australia Holdings Ltd.*
|
100,250
|
|
30,177
|
|
|
|
|
|
|
Total Industrials
|
|
|
1,375,266
|
|
|
|
|
|
|
Information Technology - 2.8%
|
|
|
|
carsales.com Ltd.
|
18,721
|
|
147,333
|
|
Iress Ltd.
|
12,347
|
|
96,740
|
|
|
|
|
|
|
Total Information Technology
|
|
|
244,073
|
|
|
|
|
|
|
Materials - 21.9%
|
|
|
|
Adelaide Brighton Ltd.
|
41,016
|
|
135,273
|
|
Alumina Ltd.*
|
172,325
|
|
191,701
|
|
Arrium Ltd.
|
120,893
|
|
164,020
|
|
Atlas Iron Ltd.
|
69,400
|
|
61,157
|
|
BC Iron Ltd.
|
11,133
|
|
50,122
|
|
Beadell Resources Ltd.*
|
69,440
|
|
43,925
|
|
BlueScope Steel Ltd.*
|
48,871
|
|
230,256
|
|
DuluxGroup Ltd.
|
36,099
|
|
168,506
|
|
Evolution Mining Ltd.
|
42,575
|
|
23,774
|
|
Independence Group NL
|
20,836
|
|
59,992
|
|
Lynas Corp., Ltd.
*(a)
|
176,472
|
|
43,882
|
|
Mount Gibson Iron Ltd.
|
53,993
|
|
49,464
|
|
Nufarm Ltd.
|
22,608
|
|
76,535
|
|
OceanaGold Corp.*
|
27,841
|
|
49,311
|
|
OZ Minerals Ltd.
|
29,080
|
|
89,310
|
|
PanAust Ltd.
|
44,175
|
|
63,017
|
|
Regis Resources Ltd.
|
32,109
|
|
75,641
|
|
Resolute Mining Ltd.*
|
58,886
|
|
28,001
|
|
Sandfire Resources NL*
|
8,409
|
|
42,627
|
|
Sims Metal Management Ltd.*
|
16,056
|
|
145,412
|
|
Sirius Resources NL
*(a)
|
24,914
|
|
47,605
|
|
Western Areas Ltd.
|
14,124
|
|
32,903
|
|
|
|
|
|
|
Total Materials
|
|
|
1,872,434
|
|
|
|
|
|
|
Telecommunication Services - 3.8%
|
|
|
|
Amcom Telecommunications Ltd.
|
17,409
|
|
30,151
|
Schedules of Investments - IQ Australia
Small Cap ETF
(continued)
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Telecommunication Services (continued)
|
|
|
|
iiNET Ltd.
|
12,962
|
|
$ 76,225
|
|
M2 Group Ltd.
|
12,633
|
|
68,228
|
|
NEXTDC Ltd.*
|
14,990
|
|
28,773
|
|
TPG Telecom Ltd.
|
26,430
|
|
124,525
|
|
|
|
|
|
|
Total Telecommunication Services
|
|
|
327,902
|
|
|
|
|
|
|
Utilities - 2.8%
|
|
|
|
Envestra Ltd.
|
85,229
|
|
84,773
|
|
Spark Infrastructure Group
|
107,129
|
|
153,290
|
|
|
|
|
|
|
Total Utilities
|
|
|
238,063
|
|
|
|
|
|
|
Total Common Stocks - 99.3%
|
|
|
|
(Cost $9,982,072)
|
|
|
8,507,111
|
|
|
|
|
|
|
Short-Term Investment - 0.1%
|
|
|
|
|
|
|
|
|
Money Market Fund - 0.1%
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(b)
|
|
|
|
|
(Cost $6,481)
|
6,481
|
|
6,481
|
|
|
|
|
|
|
|
|
|
|
|
Investment of Cash Collateral For Securities Loaned - 11.7%
|
|
|
|
|
|
|
|
|
Money Market Fund - 11.7%
|
|
|
|
BNY
Mellon Overnight Government Fund, 0.02%
(c)
|
|
|
|
|
(Cost $1,002,324)
|
1,002,324
|
|
1,002,324
|
|
|
|
|
|
|
Total Investments - 111.1%
|
|
|
|
(Cost $10,990,877)
|
|
|
$ 9,515,916
|
|
Liabilities in Excess of Other Assets - (11.1)%
|
|
|
(953,653)
|
|
Net Assets - 100.0%
|
|
|
$ 8,562,263
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $858,533; total market value of collateral held by the Fund was $1,002,324.
|
|
(b)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(c)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
Schedules of Investments — IQ Canada Small Cap ETF
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 99.2%
|
|
|
|
|
|
|
|
|
Consumer Discretionary - 2.1%
|
|
|
|
Martinrea International, Inc.
|
12,357
|
|
$ 103,183
|
|
RONA, Inc.
|
17,931
|
|
200,868
|
|
|
|
|
|
|
Total Consumer Discretionary
|
|
|
304,051
|
|
|
|
|
|
|
Consumer Staples - 1.1%
|
|
|
|
Jean Coutu Group (PJC), Inc., Class A
|
9,497
|
|
164,224
|
|
|
|
|
|
|
|
|
|
|
|
Energy - 34.3%
|
|
|
|
Advantage Oil & Gas Ltd.*
|
24,448
|
|
99,331
|
|
Bankers Petroleum Ltd.*
|
36,973
|
|
141,930
|
|
Bellatrix Exploration Ltd.*
|
23,591
|
|
168,847
|
|
Birchcliff Energy Ltd.*
|
14,395
|
|
109,097
|
|
BlackPearl Resources, Inc.*
|
39,016
|
|
87,484
|
|
Calfrac Well Services Ltd.
|
6,241
|
|
166,919
|
|
Canyon Services Group, Inc.
|
8,573
|
|
82,735
|
|
Cequence Energy Ltd.*
|
22,011
|
|
33,956
|
|
Crew Energy, Inc.*
|
17,288
|
|
112,416
|
|
Deethree Exploration Ltd.*
|
10,841
|
|
89,843
|
|
Denison Mines Corp.*
|
57,436
|
|
80,362
|
|
Ensign Energy Services, Inc.
|
18,485
|
|
272,728
|
|
Gran Tierra Energy, Inc.*
|
39,187
|
|
295,585
|
|
Ithaca Energy, Inc.*
|
44,221
|
|
100,741
|
|
Kelt Exploration Ltd.*
|
11,330
|
|
109,748
|
|
Legacy Oil + Gas, Inc.*
|
20,987
|
|
105,975
|
|
Lightstream Resources Ltd.
(a)
|
28,101
|
|
156,516
|
|
Long Run Exploration Ltd.
|
11,746
|
|
54,045
|
|
Niko Resources Ltd.*
|
9,690
|
|
22,510
|
|
Nuvista Energy Ltd.*
|
19,427
|
|
143,575
|
|
Painted Pony Petroleum Ltd.*
|
12,571
|
|
82,533
|
|
Parex Resources, Inc.*
|
13,759
|
|
90,209
|
|
Parkland Fuel Corp.
(a)
|
10,349
|
|
166,891
|
|
Poseidon Concepts Corp.*
|
13,377
|
|
3,239
|
|
Precision Drilling Corp.
|
40,598
|
|
363,032
|
|
Raging River Exploration, Inc.*
|
22,039
|
|
137,379
|
|
RMP Energy, Inc.*
|
16,543
|
|
91,250
|
|
Secure Energy Services, Inc.
|
15,910
|
|
231,454
|
|
Sprott Resource Corp.
|
9,514
|
|
21,589
|
|
Surge Energy, Inc.
(a)
|
23,874
|
|
132,116
|
|
Torc Oil & Gas Ltd.
|
12,906
|
|
114,712
|
|
TransGlobe Energy Corp.*
|
9,875
|
|
71,652
|
|
Trican Well Service Ltd.
|
21,668
|
|
247,784
|
|
Trinidad Drilling Ltd.
|
20,219
|
|
167,744
|
|
Veresen, Inc.
(a)
|
29,640
|
|
396,636
|
|
Whitecap Resources, Inc.
|
24,590
|
|
260,467
|
|
|
|
|
|
|
Total Energy
|
|
|
5,013,030
|
|
|
|
|
|
|
Financials - 2.8%
|
|
|
|
AGF Management Ltd., Class B.
|
9,959
|
|
101,827
|
|
Canaccord Genuity Group, Inc.
|
10,444
|
|
64,072
|
|
Element Financial Corp.*
|
21,568
|
|
246,254
|
|
|
|
|
|
|
Total Financials
|
|
|
412,153
|
|
|
|
|
|
|
Health Care - 0.5%
|
|
|
|
Extendicare, Inc.
|
12,590
|
|
80,625
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Industrials - 15.8%
|
|
|
|
Aecon Group, Inc.
|
8,006
|
|
$ 111,156
|
|
Air Canada, Class B*
|
31,725
|
|
222,227
|
|
CAE, Inc.
|
38,224
|
|
483,735
|
|
Horizon North Logistics, Inc.
|
14,346
|
|
91,355
|
|
Progressive Waste Solutions Ltd.
|
15,991
|
|
367,164
|
|
Russel Metals, Inc.
|
8,927
|
|
229,710
|
|
Superior Plus Corp.
|
18,210
|
|
199,911
|
|
TransForce, Inc.
|
11,717
|
|
250,745
|
|
WestJet Airlines Ltd.
|
15,254
|
|
345,180
|
|
|
|
|
|
|
Total Industrials
|
|
|
2,301,183
|
|
|
|
|
|
|
Information Technology - 2.8%
|
|
|
|
Davis + Henderson Corp.
|
11,819
|
|
296,602
|
|
Redknee Solutions, Inc.*
|
11,890
|
|
64,198
|
|
Wi-LAN, Inc.
|
17,265
|
|
51,565
|
|
|
|
|
|
|
Total Information Technology
|
|
|
412,365
|
|
|
|
|
|
|
Materials - 31.0%
|
|
|
|
Ainsworth Lumber Co., Ltd.*
|
15,759
|
|
57,102
|
|
Alacer Gold Corp.
|
33,515
|
|
70,640
|
|
Alamos Gold, Inc.
|
18,706
|
|
171,465
|
|
Argonaut Gold, Inc.*
|
21,364
|
|
96,190
|
|
AuRico Gold, Inc.
|
36,444
|
|
167,029
|
|
B2Gold Corp.*
|
90,585
|
|
213,677
|
|
Canexus Corp.
|
22,467
|
|
115,866
|
|
Canfor Corp.*
|
7,352
|
|
189,051
|
|
Capstone Mining Corp.*
|
49,917
|
|
129,387
|
|
Centerra Gold, Inc.
|
23,443
|
|
90,622
|
|
China
Gold International Resources Corp., Ltd.*
|
35,521
|
|
101,311
|
|
Continental Gold Ltd.*
|
15,432
|
|
48,305
|
|
Detour Gold Corp.*
|
20,207
|
|
129,766
|
|
Dundee Precious Metals, Inc.*
|
15,260
|
|
54,610
|
|
Endeavour Silver Corp.*
|
14,518
|
|
63,153
|
|
First Majestic Silver Corp.*
|
16,568
|
|
172,820
|
|
Fortuna Silver Mines, Inc.*
|
18,503
|
|
66,879
|
|
Gabriel Resources Ltd.*
|
31,486
|
|
33,323
|
|
HudBay Minerals, Inc.
|
25,371
|
|
201,157
|
|
IAMGOLD Corp.
|
54,824
|
|
201,112
|
|
International Forest Products Ltd., Class A*
|
9,289
|
|
129,219
|
|
Intertape Polymer Group, Inc.
|
8,057
|
|
90,474
|
|
Ivanhoe Mines Ltd.*
|
61,040
|
|
88,690
|
|
Major Drilling Group International, Inc.
|
11,641
|
|
84,362
|
|
Nevsun Resources Ltd.
|
28,776
|
|
105,560
|
|
Norbord, Inc.
|
3,733
|
|
104,562
|
|
Osisko Mining Corp.*
|
63,914
|
|
382,928
|
|
Pan American Silver Corp.
|
22,013
|
|
276,804
|
|
Premier Gold Mines Ltd.*
|
21,566
|
|
39,459
|
|
Primero Mining Corp.
*(a)
|
12,299
|
|
69,054
|
|
Rio Alto Mining Ltd.
*(a)
|
23,765
|
|
46,466
|
|
Sandstorm Gold Ltd.*
|
13,735
|
|
69,356
|
|
SEMAFO, Inc.
|
40,085
|
|
129,069
|
|
Sherritt International Corp.
|
43,395
|
|
133,888
|
|
Tahoe Resources, Inc.*
|
12,125
|
|
215,106
|
|
Thompson Creek Metals Co., Inc.*
|
19,998
|
|
51,118
|
|
Torex Gold Resources, Inc.*
|
89,237
|
|
92,042
|
Schedules of Investments — IQ Canada Small Cap ETF (continued)
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Materials (continued)
|
|
|
|
Western Forest Products, Inc.
|
19,712
|
|
$ 41,194
|
|
|
|
|
|
|
Total Materials
|
|
|
4,522,816
|
|
|
|
|
|
|
Metals & Mining - 1.1%
|
|
|
|
Pretium Resources, Inc.*
|
11,135
|
|
65,115
|
|
Silver Standard Resources, Inc.*
|
11,902
|
|
93,299
|
|
|
|
|
|
|
Total Metals & Mining
|
|
|
158,414
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels - 3.6%
|
|
|
|
Gibson Energy, Inc.
|
17,914
|
|
435,097
|
|
Twin Butte Energy Ltd.
|
43,790
|
|
89,940
|
|
|
|
|
|
|
Total Oil, Gas & Consumable Fuels
|
|
|
525,037
|
|
|
|
|
|
|
Telecommunication Services - 2.0%
|
|
|
|
Manitoba Telecom Services, Inc.
|
10,915
|
|
289,970
|
|
|
|
|
|
|
|
|
|
|
|
Utilities - 2.1%
|
|
|
|
Algonquin Power & Utilities Corp.
|
22,990
|
|
150,318
|
|
Atlantic Power Corp.
(a)
|
17,658
|
|
46,246
|
|
Just Energy Group, Inc.
(a)
|
15,660
|
|
109,695
|
|
|
|
|
|
|
Total Utilities
|
|
|
306,259
|
|
|
|
|
|
|
Total Common Stocks- 99.2%
|
|
|
|
(Cost $18,779,778)
|
|
|
14,490,127
|
|
|
|
|
|
|
Investment of Cash Collateral For Securities Loaned - 5.9%
|
|
|
|
|
|
|
|
|
Money Market Fund - 5.9%
|
|
|
|
BNY Mellon Overnight Government Fund, 0.02%
(b)
|
|
|
|
|
(Cost $860,996)
|
860,996
|
|
860,996
|
|
|
|
|
|
|
Total Investments - 105.1%
|
|
|
|
(Cost $19,640,774)
|
|
|
$ 15,351,123
|
|
Liabilities in Excess of Other Assets - (5.1)%
|
|
|
(744,228)
|
|
Net Assets - 100.0%
|
|
|
$ 14,606,895
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $813,209; total market value of collateral held by the Fund was $860,996.
|
|
(b)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
Schedules of Investments — IQ Global Agribusiness Small Cap
ETF
1
January
31, 2014
(unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
Common Stocks — 99.5%
|
|
|
|
|
|
|
|
|
Australia — 4.1%
|
|
|
|
GrainCorp Ltd., Class A
|
91,259
|
|
$ 605,138
|
|
Nufarm Ltd.
|
142,110
|
|
481,085
|
|
|
|
|
|
|
Total Australia
|
|
|
1,086,223
|
|
|
|
|
|
|
Canada — 1.3%
|
|
|
|
SunOpta, Inc.*
|
35,227
|
|
329,372
|
|
|
|
|
|
|
|
|
|
|
|
China — 8.0%
|
|
|
|
Changshouhua Food Co. Ltd.
|
183,891
|
|
221,433
|
|
China BlueChemical Ltd., Class H
|
1,004,184
|
|
550,925
|
|
China Huiyuan Juice Group Ltd.*
|
563,120
|
|
321,273
|
|
China Minzhong Food Corp., Ltd.
|
42,231
|
|
29,736
|
|
China Modern Dairy Holdings Ltd.
*(a)
|
1,148,603
|
|
532,528
|
|
First Tractor Co., Ltd., Class H
|
243,070
|
|
159,651
|
|
Shenguan Holdings Group Ltd.
(a)
|
654,877
|
|
290,970
|
|
|
|
|
|
|
Total China
|
|
|
2,106,516
|
|
|
|
|
|
|
Hong Kong — 10.0%
|
|
|
|
Asian Citrus Holdings Ltd.
|
384,430
|
|
101,989
|
|
China Agri-Industries Holdings Ltd.
|
1,218,349
|
|
542,897
|
|
China Foods Ltd.*
|
436,785
|
|
154,130
|
|
China Huishan Dairy Holdings Co., Ltd.
*(a)
|
3,067,799
|
|
1,015,383
|
|
China Yurun Food Group Ltd.
*(a)
|
805,612
|
|
474,146
|
|
Sinofert Holdings Ltd.
(a)
|
1,063,478
|
|
156,136
|
|
Yashili International Holdings Ltd.
|
369,571
|
|
194,190
|
|
|
|
|
|
|
Total Hong Kong
|
|
|
2,638,871
|
|
|
|
|
|
|
Indonesia — 2.9%
|
|
|
|
PT Japfa Comfeed Indonesia Tbk
|
2,732,358
|
|
311,055
|
|
PT Malindo Feedmill Tbk
|
419,230
|
|
112,104
|
|
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk
|
1,666,270
|
|
225,854
|
|
PT Salim Ivomas Pratama Tbk
|
2,060,464
|
|
122,345
|
|
|
|
|
|
|
Total Indonesia
|
|
|
771,358
|
|
|
|
|
|
|
Ireland — 5.7%
|
|
|
|
Glanbia PLC
|
103,816
|
|
1,509,212
|
|
|
|
|
|
|
|
|
|
|
|
Japan — 34.5%
|
|
|
|
Asmo Corp.*
|
17,722
|
|
28,846
|
|
Ezaki Glico Co. Ltd.
|
47,506
|
|
640,494
|
|
Fuji Oil Co., Ltd.
|
38,189
|
|
568,800
|
|
House Foods Group, Inc.
|
38,799
|
|
585,875
|
|
Iseki & Co., Ltd.
|
122,832
|
|
348,075
|
|
Itoham Foods, Inc.
|
76,571
|
|
344,620
|
|
J-Oil Mills, Inc.
(a)
|
56,108
|
|
156,796
|
|
Kewpie Corp.
|
64,174
|
|
921,221
|
|
Kumiai Chemical Industry Co., Ltd.
|
45,460
|
|
265,668
|
|
Mitsui Sugar Co., Ltd.
|
51,169
|
|
220,260
|
|
Morinaga Milk Industry Co., Ltd.
|
125,595
|
|
371,914
|
|
Nihon Nohyaku Co., Ltd.
|
32,412
|
|
459,873
|
|
Nippon Flour Mills Co., Ltd.
|
74,357
|
|
374,756
|
|
Nippon Meat Packers, Inc.
|
115,589
|
|
2,000,437
|
|
Nisshin Oillio Group Ltd.
(a)
|
69,360
|
|
229,874
|
|
Nisshin Seifun Group, Inc.
|
132,411
|
|
1,332,095
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Japan (continued)
|
|
|
|
Prima Meat Packers Ltd.
|
74,200
|
|
$ 136,053
|
|
Yamatane Corp.
|
52,677
|
|
88,841
|
|
|
|
|
|
|
Total Japan
|
|
|
9,074,498
|
|
|
|
|
|
|
Luxembourg — 1.3%
|
|
|
|
Adecoagro SA ADR*
|
43,682
|
|
328,052
|
|
|
|
|
|
|
|
|
|
|
|
Netherlands — 6.9%
|
|
|
|
Nutreco NV
|
40,842
|
|
1,823,891
|
|
|
|
|
|
|
|
|
|
|
|
Singapore — 2.7%
|
|
|
|
First Resources Ltd.
|
299,152
|
|
465,743
|
|
Indofood Agri Resources Ltd.
(a)
|
239,990
|
|
144,572
|
|
Sino Grandness Food Industry Group Ltd.*
|
186,107
|
|
97,553
|
|
|
|
|
|
|
Total Singapore
|
|
|
707,868
|
|
|
|
|
|
|
Spain — 4.8%
|
|
|
|
Deoleo SA*
|
390,191
|
|
260,465
|
|
Ebro Foods SA
|
45,239
|
|
1,002,346
|
|
|
|
|
|
|
Total Spain
|
|
|
1,262,811
|
|
|
|
|
|
|
Thailand — 0.3%
|
|
|
|
GFPT PCL*
|
202,913
|
|
81,141
|
|
|
|
|
|
|
|
|
|
|
|
United Kingdom — 2.7%
|
|
|
|
Dairy Crest Group PLC
|
82,212
|
|
701,228
|
|
|
|
|
|
|
|
|
|
|
|
United States — 14.3%
|
|
|
|
American Vanguard Corp.
|
15,090
|
|
350,692
|
|
Chiquita Brands International, Inc.*
|
26,402
|
|
279,333
|
|
CVR Partners LP
|
20,450
|
|
363,396
|
|
Lindsay Corp.
(a)
|
7,501
|
|
637,585
|
|
Toro Co.
|
33,660
|
|
2,132,698
|
|
|
|
|
|
|
Total United States
|
|
|
3,763,704
|
|
Total Common Stocks — 99.5%
|
|
|
|
|
(Cost $27,741,671)
|
|
26,184,745
|
|
|
|
|
|
|
Short-Term Investment — 0.4%
|
|
|
|
|
|
|
|
|
Money Market Fund — 0.4%
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(b)
|
|
|
|
|
(Cost $110,040)
|
110,040
|
|
110,040
|
|
|
|
|
|
|
|
|
|
|
|
Investment of Cash Collateral For Securities Loaned — 11.3%
|
|
|
|
Money Market Fund — 11.3%
|
|
|
|
BNY Mellon Overnight Government Fund 0.02%
(c)
|
|
|
|
|
(Cost $2,972,368)
|
2,972,368
|
|
2,972,368
|
|
|
|
|
|
Schedules of Investments — IQ Global Agribusiness Small Cap
ETF (continued)
January 31, 2014
(unaudited)
|
|
|
|
|
|
|
|
|
Value
|
|
|
|
|
|
|
Total Investments — 111.2%
|
|
|
|
|
(Cost $30,824,079)
|
|
$ 29,267,153
|
|
Liabilities in Excess of Other
Assets — (11.2)%
|
|
(2,956,682)
|
|
Net Assets — 100.0%
|
|
|
$ 26,310,471
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% of
Net Assets
|
|
|
Industry
|
|
Value
|
|
|
|
Crop Production and Farming
|
|
$ 12,619,901
|
|
48.0%
|
|
|
Livestock Operations
|
|
4,620,932
|
|
17.5
|
|
|
Money Market Fund
|
|
3,082,408
|
|
11.7
|
|
|
Agricultural Chemicals
|
|
2,914,669
|
|
11.1
|
|
|
Agricultural Machinery
|
|
2,640,424
|
|
10.0
|
|
|
Agricultural Supplies and Logistics
|
|
2,517,870
|
|
9.6
|
|
|
Biofuels
|
|
870,949
|
|
3.3
|
|
|
Total Investments
|
|
$ 29,267,153
|
|
111.2
|
|
|
Liabilities in Excess of Other Assets
|
|
(2,956,682)
|
|
(11.2)
|
|
|
Total Net Assets
|
|
$ 26,310,471
|
|
100.0%
|
|
|
|
|
|
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $2,792,852; total market value of collateral held by the Fund was $2,972,368.
|
|
(b)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(c)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
ADR
|
- American Depositary Receipt
|
|
LP
|
- Limited Partnership
|
|
PCL
|
- Public Company Limited
|
|
PLC
|
- Public Limited Company
|
|
|
Schedules of Investments — IQ Global Oil Small Cap ETF
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
Common Stocks - 99.3%
|
|
|
|
|
|
|
|
|
Australia - 4.5%
|
|
|
|
Caltex Australia Ltd.
|
4,759
|
|
$ 80,221
|
|
Horizon Oil Ltd.
*(a)
|
30,770
|
|
8,994
|
|
|
|
|
|
|
Total Australia
|
|
|
89,215
|
|
|
|
|
|
|
Bermuda - 0.3%
|
|
|
|
Archer Ltd.*
|
7,248
|
|
6,223
|
|
|
|
|
|
|
|
|
|
|
|
Canada - 12.2%
|
|
|
|
Bankers Petroleum Ltd.*
|
8,976
|
|
34,456
|
|
Canyon Services Group, Inc.
|
2,045
|
|
19,736
|
|
Caracal Energy, Inc.*
|
4,290
|
|
30,775
|
|
Ensign Energy Services, Inc.
|
4,447
|
|
65,611
|
|
Horizon North Logistics, Inc.
|
3,516
|
|
22,390
|
|
Ithaca Energy, Inc.*
|
10,764
|
|
24,522
|
|
Sunshine Oilsands Ltd.*
|
74,874
|
|
14,850
|
|
TAG Oil Ltd.*
|
2,089
|
|
6,108
|
|
Twin Butte Energy Ltd.
|
10,695
|
|
21,966
|
|
|
|
|
|
|
Total Canada
|
|
|
240,414
|
|
|
|
|
|
|
China - 1.9%
|
|
|
|
Shandong Molong Petroleum Machinery Co. Ltd., Class H
|
8,103
|
|
2,557
|
|
Sinopec Shanghai Petrochemical Co., Ltd., Class H
|
119,628
|
|
33,894
|
|
|
|
|
|
|
Total China
|
|
|
36,451
|
|
|
|
|
|
|
Finland - 4.0%
|
|
|
|
Neste Oil OYJ
|
4,361
|
|
77,924
|
|
|
|
|
|
|
|
|
|
|
|
France - 2.6%
|
|
|
|
Etablissements Maurel et Prom
|
3,120
|
|
50,469
|
|
|
|
|
|
|
|
|
|
|
|
Italy - 1.7%
|
|
|
|
ERG SpA
|
1,626
|
|
22,388
|
|
Saras SpA*
|
9,205
|
|
11,197
|
|
|
|
|
|
|
Total Italy
|
|
|
33,585
|
|
|
|
|
|
|
Japan - 13.0%
|
|
|
|
Cosmo Oil Co., Ltd.*
|
28,248
|
|
53,180
|
|
Showa Shell Sekiyu K.K.
|
8,630
|
|
83,097
|
|
Toa Oil Co., Ltd.
|
2,000
|
|
3,216
|
|
TonenGeneral Sekiyu K.K.
|
13,318
|
|
117,007
|
|
|
|
|
|
|
Total Japan
|
|
|
256,500
|
|
|
|
|
|
|
Norway - 5.1%
|
|
|
|
BW Offshore Ltd.
|
10,876
|
|
11,931
|
|
Det Norske Oljeselskap ASA*
|
2,132
|
|
21,541
|
|
DNO International ASA*
|
20,874
|
|
67,636
|
|
|
|
|
|
|
Total Norway
|
|
|
101,108
|
|
|
|
|
|
|
Philippines - 0.9%
|
|
|
|
Petron Corp.
|
57,024
|
|
17,590
|
|
|
|
|
|
|
|
|
|
|
|
Singapore - 0.3%
|
|
|
|
Kreuz Holdings Ltd.*
|
5,722
|
|
3,559
|
|
Mirach Energy Ltd.*
|
18,000
|
|
2,253
|
|
|
|
|
|
|
Total Singapore
|
|
|
5,812
|
|
|
|
|
|
|
Thailand - 5.6%
|
|
|
|
Bangchak Petroleum PCL
|
25,852
|
|
20,949
|
|
Esso Thailand PCL
|
39,188
|
|
6,648
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Thailand (continued)
|
|
|
|
IRPC PCL
|
372,681
|
|
$ 35,225
|
|
Thai Oil PCL
|
29,134
|
|
46,556
|
|
|
|
|
|
|
Total Thailand
|
|
|
109,378
|
|
|
|
|
|
|
United Arab Emirates - 4.0%
|
|
|
|
Dragon Oil PLC
|
8,110
|
|
78,571
|
|
|
|
|
|
|
|
|
|
|
|
United Kingdom - 3.2%
|
|
|
|
Exillon Energy PLC*
|
2,202
|
|
5,175
|
|
Quadrise Fuels International PLC*
|
10,520
|
|
6,440
|
|
Rockhopper Exploration PLC*
|
9,395
|
|
20,728
|
|
Salamander Energy PLC*
|
8,826
|
|
15,412
|
|
Xcite Energy Ltd.*
|
9,999
|
|
16,022
|
|
|
|
|
|
|
Total United Kingdom
|
|
|
63,777
|
|
|
|
|
|
|
United States - 40.0%
|
|
|
|
Alon USA Energy, Inc.
|
839
|
|
13,181
|
|
Alon USA Partners LP
|
338
|
|
5,192
|
|
Bonanza Creek Energy, Inc.*
|
1,111
|
|
45,229
|
|
BPZ Resources, Inc.*
|
3,604
|
|
7,208
|
|
CVR Energy, Inc.
|
566
|
|
20,993
|
|
CVR Refining LP
|
1,300
|
|
29,081
|
|
Gulfport Energy Corp.*
|
2,938
|
|
179,071
|
|
Harvest Natural Resources, Inc.
*(a)
|
1,401
|
|
6,150
|
|
Key Energy Services, Inc.*
|
4,629
|
|
33,745
|
|
Kodiak Oil & Gas Corp.*
|
9,348
|
|
99,182
|
|
Northern Tier Energy LP
|
1,996
|
|
49,301
|
|
Ocean Rig UDW, Inc.*
|
1,621
|
|
27,784
|
|
PetroQuest Energy, Inc.*
|
1,786
|
|
6,894
|
|
Pioneer Energy Services Corp.*
|
2,167
|
|
18,160
|
|
QR Energy LP
|
1,771
|
|
31,488
|
|
Stone Energy Corp.*
|
1,678
|
|
51,934
|
|
Synergy Resources Corp.*
|
2,071
|
|
17,894
|
|
Tesoro Logistics LP
|
1,175
|
|
62,463
|
|
VAALCO Energy, Inc.*
|
1,930
|
|
11,619
|
|
Western Refining, Inc.
(a)
|
1,856
|
|
72,588
|
|
|
|
|
|
|
Total United States
|
|
|
789,157
|
|
Total Common Stocks - 99.3%
|
|
|
|
|
(Cost $2,144,196)
|
|
1,956,174
|
|
|
|
|
|
|
Investment of Cash Collateral For Securities Loaned - 4.1%
|
|
|
|
Money Market Fund - 4.1%
|
|
|
|
BNY Mellon Overnight Government Fund, 0.02%
(b)
|
|
|
|
|
(Cost $81,521)
|
81,521
|
|
81,521
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments - 103.4%
|
|
|
|
|
(Cost $2,225,717)
|
|
$ 2,037,695
|
|
Liabilities in Excess of Other Assets - (3.4)%
|
|
(66,796)
|
|
Net Assets - 100.0%
|
|
|
$ 1,970,899
|
|
|
Schedules of Investments —
IQ Global Oil Small Cap ETF (continued)
January 31, 2014 (unaudited)
|
|
|
|
|
% of
|
|
Industry
|
|
Value
|
|
Net Assets
|
|
Exploration & Production
|
|
$ 845,525
|
|
42.9%
|
|
Refining & Marketing
|
|
728,045
|
|
37.0
|
|
Equipment, Services & Drilling
|
|
262,227
|
|
13.3
|
|
Energy
|
|
120,377
|
|
6.1
|
|
Money Market Fund
|
|
81,521
|
|
4.1
|
|
Total Investments
|
|
$ 2,037,695
|
|
103.4
|
|
Liabilities in Excess of Other Assets
|
|
(66,796)
|
|
(3.4)
|
|
Total Net Assets
|
|
$ 1,970,899
|
|
100.0%
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $79,033; total market value of collateral held by the Fund was $81,521.
|
|
(b)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
K.K.
|
- Kabushiki Kaisha
|
|
LP
|
- Limited Partnership
|
|
PCL
|
- Public Company Limited
|
|
PLC
|
- Public Limited Company
|
|
|
Schedules of Investments — IQ U.S. Real Estate Small Cap ETF
January 31, 2014 (unaudited)
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks - 98.7%
|
|
|
|
|
|
|
|
|
Diversified REITs - 9.7%
|
|
|
|
Cousins Properties, Inc.
|
114,267
|
|
$ 1,228,370
|
|
Investors Real Estate Trust
|
66,983
|
|
582,082
|
|
Kennedy-Wilson Holdings, Inc.
|
38,499
|
|
924,746
|
|
Redwood Trust, Inc.
(a)
|
52,060
|
|
973,522
|
|
Resource Capital Corp.
|
79,596
|
|
468,821
|
|
|
|
|
|
|
Total Diversified REITs
|
|
|
4,177,541
|
|
|
|
|
|
|
Hotel REITs - 11.5%
|
|
|
|
Ashford Hospitality Trust, Inc.
|
48,471
|
|
455,627
|
|
FelCor Lodging Trust, Inc.
|
71,214
|
|
581,106
|
|
Hersha Hospitality Trust
|
124,768
|
|
677,490
|
|
Pebblebrook Hotel Trust
|
40,869
|
|
1,231,383
|
|
Summit Hotel Properties, Inc.
|
53,728
|
|
478,716
|
|
Sunstone Hotel Investors, Inc.
|
116,456
|
|
1,494,131
|
|
|
|
|
|
|
Total Hotel REITs
|
|
|
4,918,453
|
|
|
|
|
|
|
Mortgage REITs - 24.1%
|
|
|
|
AG Mortgage Investment Trust, Inc.
|
17,836
|
|
295,899
|
|
Anworth Mortgage Asset Corp.
|
89,913
|
|
421,692
|
|
Apollo
Commercial Real Estate Finance, Inc.
|
23,657
|
|
397,911
|
|
Arbor Realty Trust, Inc.
|
24,744
|
|
169,991
|
|
Ares Commercial Real Estate Corp.
|
17,773
|
|
236,914
|
|
ARMOUR Residential REIT, Inc.
|
236,723
|
|
972,932
|
|
Colony Financial, Inc.
|
48,519
|
|
1,077,122
|
|
Dynex Capital, Inc.
|
32,507
|
|
262,006
|
|
Gramercy Property Trust, Inc.*
|
37,812
|
|
220,066
|
|
Invesco Mortgage Capital
|
87,249
|
|
1,370,682
|
|
iStar Financial, Inc.*
|
50,806
|
|
783,429
|
|
New Residential Investment Corp.
|
163,592
|
|
1,038,809
|
|
New York Mortgage Trust, Inc.
|
40,604
|
|
289,913
|
|
Newcastle Investment Corp.
|
222,811
|
|
1,212,092
|
|
PennyMac Mortgage Investment Trust
|
42,169
|
|
993,080
|
|
RAIT Financial Trust
(a)
|
44,809
|
|
378,188
|
|
Western Asset Mortgage Capital Corp.
(a)
|
16,356
|
|
244,522
|
|
|
|
|
|
|
Total Mortgage REITs
|
|
|
10,365,248
|
|
|
|
|
|
|
Office REITs - 16.5%
|
|
|
|
Brandywine Realty Trust
|
99,653
|
|
1,420,055
|
|
First Industrial Realty Trust, Inc.
|
68,881
|
|
1,181,998
|
|
First Potomac Realty Trust
|
36,892
|
|
481,810
|
|
Franklin Street Properties Corp.
|
58,566
|
|
702,206
|
|
Government Properties Income Trust
|
35,252
|
|
870,724
|
|
Hudson Pacific Properties, Inc.
|
28,004
|
|
608,527
|
|
Lexington Realty Trust
|
120,819
|
|
1,306,053
|
|
Parkway Properties, Inc.
|
27,576
|
|
489,198
|
|
|
|
|
|
|
Total Office REITs
|
|
|
7,060,571
|
|
|
|
|
|
|
Residential REITs - 4.6%
|
|
|
|
American Residential Properties, Inc.
*(a)
|
20,647
|
|
381,970
|
|
Associated Estates Realty Corp.
|
34,365
|
|
548,809
|
|
Education Realty Trust, Inc.
|
73,543
|
|
664,093
|
|
Silver Bay Realty Trust Corp.
|
23,478
|
|
372,596
|
|
|
|
|
|
|
Total Residential REITs
|
|
|
1,967,468
|
|
|
|
|
|
|
Retail REITs - 17.6%
|
|
|
|
Acadia Realty Trust
|
35,434
|
|
901,795
|
|
Cedar Realty Trust, Inc.
|
41,894
|
|
264,351
|
|
Glimcher Realty Trust
|
91,710
|
|
785,038
|
|
Inland Real Estate Corp.
|
55,962
|
|
589,840
|
|
|
|
|
|
|
|
Shares
|
|
Value
|
|
|
|
|
|
|
Common Stocks (continued)
|
|
|
|
|
|
|
|
|
Retail REITs (continued)
|
|
|
|
Kite Realty Group Trust
|
83,538
|
|
$ 538,820
|
|
Pennsylvania Real Estate Investment Trust
|
42,199
|
|
787,011
|
|
Ramco-Gershenson Properties Trust
|
42,048
|
|
671,507
|
|
Retail Opportunity Investments Corp.
|
45,231
|
|
654,040
|
|
Spirit Realty Capital, Inc.
|
223,031
|
|
2,364,129
|
|
|
|
|
|
|
Total Retail REITs
|
|
|
7,556,531
|
|
|
|
|
|
|
Specialized REITs - 14.7%
|
|
|
|
Aviv REIT, Inc.
|
9,997
|
|
243,827
|
|
Campus Crest Communities, Inc.
|
41,120
|
|
363,090
|
|
CubeSmart
|
82,283
|
|
1,356,024
|
|
CyrusOne, Inc.
|
12,243
|
|
264,571
|
|
DCT Industrial Trust, Inc.
|
202,381
|
|
1,457,143
|
|
Medical Properties Trust, Inc.
|
101,354
|
|
1,344,968
|
|
Sabra Health Care REIT, Inc.
|
23,951
|
|
692,902
|
|
STAG Industrial, Inc.
|
28,331
|
|
607,983
|
|
|
|
|
|
|
Total Specialized REITs
|
|
|
6,330,508
|
|
|
|
|
|
|
Total Common Stocks - 98.7%
|
|
|
|
(Cost $44,395,256)
|
|
|
42,376,320
|
|
|
|
|
|
|
Short-Term Investment - 1.2%
|
|
|
|
|
|
|
|
|
Money Market Fund - 1.2%
|
|
|
|
Morgan Stanley Institutional Liquidity Funds Treasury Portfolio — Institutional Class, 0.03%
(b)
|
|
|
|
|
(Cost $519,585)
|
519,585
|
|
519,585
|
|
|
|
|
|
|
|
|
|
|
|
Investment
of Cash Collateral For Securities Loaned - 2.0%
|
|
|
|
|
|
|
|
|
Money Market Fund - 2.0%
|
|
|
|
BNY Mellon Overnight Government Fund, 0.02%
(c)
|
|
|
|
|
(Cost $849,375)
|
849,375
|
|
849,375
|
|
|
|
|
|
|
Total Investments - 101.9%
|
|
|
|
(Cost $45,764,216)
|
|
|
$ 43,745,280
|
|
Liabilities in Excess of Other Assets - (1.9)%
|
|
(826,646)
|
|
Net Assets - 100.0%
|
|
|
$ 42,918,634
|
|
|
|
*
|
Non-income producing securities.
|
|
(a)
|
All or a portion of the security was on loan. The aggregate market value of securities on loan was $832,927; total market value of collateral held by the Fund was $849,375.
|
|
(b)
|
Rate shown reflects the 7-day yield at January 31, 2014.
|
|
(c)
|
Rate shown reflects the 1-day yield at January 31, 2014.
|
|
REITs
|
- Real Estate Investment Trusts
|
|
|
Fair Value Measurement
(unaudited)
Accounting Standards Codification (“ASC”)
Topic 820, Fair Value Measurements and Disclosures (“ASC 820”) defines fair value, establishes a framework for measuring
fair value in accordance with U.S. GAAP, and requires disclosure about fair value measurements. It also provides guidance on determining
when there has been a significant decrease in the volume and level of activity for an asset or liability, when a transaction is
not orderly, and how that information must be incorporated into fair value measurement. Under ASC 820, various inputs are used
in determining the value of the Funds’ investments. These inputs are summarized in the following hierarchy:
|
|
•
|
Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access.
|
|
|
•
|
Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
|
|
|
•
|
Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
|
The availability of observable inputs
can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security,
whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular
to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market,
the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value
is greatest for instruments categorized in Level 3. With respect to the valuation of Level 3 securities, IndexIQ may employ a market-based
valuation approach which may use related or comparable securities, recent transactions, market multiples, book values, and other
relevant information to determine fair value. IndexIQ may also use an income-based valuation approach in which anticipated future
cash flows of the financial instrument are discounted to calculate fair value. IndexIQ representatives meet regularly to review
and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market
transactions, updated corporate action information and/or other macro or security specific events.
All other securities and investments
for which market values are not readily available, including restricted securities, and those securities for which it is inappropriate
to determine prices in accordance with the aforementioned procedures, are valued at fair value as determined in good faith under
procedures adopted by the Board, although the actual calculations may be done by others. Factors considered in making this determination
may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange
(for exchange-traded securities), analysis of the issuer’s financial statements or other available documents and, if necessary,
available information concerning other securities in similar circumstances.
Transfers between levels, if any, are
considered to have occurred at the beginning of the reporting period. Transfers between levels and the reasons for these transfers
are detailed in the tables below.
The inputs or methodology used for valuing
securities are not necessarily an indication of the risk associated with investing in those securities. The following summarizes
inputs used as of January 31, 2014 in valuing the Funds’ assets and liabilities carried at fair value:
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Hedge Multi-Strategy Tracker ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Companies*
|
|
$
|
575,059,787
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
575,059,787
|
|
|
Short-Term Investments
|
|
|
154,682,879
|
|
|
|
—
|
|
|
|
—
|
|
|
|
154,682,879
|
|
|
Other Financial Instruments**
|
|
|
547,191
|
|
|
|
—
|
|
|
|
—
|
|
|
|
547,191
|
|
|
Total
|
|
$
|
730,289,857
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
730,289,857
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Hedge Macro Tracker ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Companies*
|
|
$
|
30,766,655
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
30,766,655
|
|
|
Short-Term Investments
|
|
|
9,656,591
|
|
|
|
—
|
|
|
|
—
|
|
|
|
9,656,591
|
|
|
Total
|
|
$
|
40,423,246
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
40,423,246
|
|
|
Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments**
|
|
|
(474
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
(474
|
)
|
|
Total
|
|
$
|
(474
|
)
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
(474
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Hedge Market Neutral Tracker ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Companies*
|
|
$
|
19,718,138
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
19,718,138
|
|
|
Short-Term Investments
|
|
|
2,406,504
|
|
|
|
—
|
|
|
|
—
|
|
|
|
2,406,504
|
|
|
Other Financial Instruments**
|
|
|
87,217
|
|
|
|
—
|
|
|
|
—
|
|
|
|
87,217
|
|
|
Total
|
|
$
|
22,211,859
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
22,211,859
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Real Return ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Companies*
|
|
$
|
21,965,121
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
21,965,121
|
|
|
Short-Term Investments
|
|
|
5,015,198
|
|
|
|
—
|
|
|
|
—
|
|
|
|
5,015,198
|
|
|
Total
|
|
$
|
26,980,319
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
26,980,319
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Global Resources ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks†
|
|
$
|
72,244,428
|
|
|
$
|
689,460
|
|
|
$
|
—
|
|
|
$
|
72,933,888
|
|
|
Short-Term Investments
|
|
|
8,227,315
|
|
|
|
—
|
|
|
|
—
|
|
|
|
8,227,315
|
|
|
Other Financial Instruments**
|
|
|
187,117
|
|
|
|
—
|
|
|
|
—
|
|
|
|
187,117
|
|
|
Total
|
|
$
|
80,658,860
|
|
|
$
|
689,460
|
|
|
$
|
—
|
|
|
$
|
81,348,320
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Merger Arbitrage ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks*
|
|
$
|
16,033,764
|
|
|
$
|
615
|
|
|
$
|
—
|
|
|
$
|
16,034,379
|
|
|
Short-Term Investments
|
|
|
9,007,534
|
|
|
|
—
|
|
|
|
—
|
|
|
|
9,007,534
|
|
|
Other Financial Instruments**
|
|
|
66,175
|
|
|
|
—
|
|
|
|
—
|
|
|
|
66,175
|
|
|
Total
|
|
|
25,107,473
|
|
|
|
615
|
|
|
|
—
|
|
|
|
25,108,088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Australia Small Cap ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks*
|
|
$
|
8,507,111
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
8,507,111
|
|
|
Short-Term Investment
|
|
|
1,008,805
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,008,805
|
|
|
Total
|
|
$
|
9,515,916
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
9,515,916
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Canada Small Cap ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks*
|
|
$
|
14,486,888
|
|
|
$
|
3,239
|
|
|
$
|
—
|
|
|
$
|
14,490,127
|
|
|
Short-Term Investment
|
|
|
860,996
|
|
|
|
—
|
|
|
|
—
|
|
|
|
860,996
|
|
|
Total
|
|
$
|
15,347,884
|
|
|
$
|
3,239
|
|
|
$
|
—
|
|
|
$
|
15,351,123
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Global Agribusiness Small Cap ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks†
|
|
$
|
26,184,745
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
26,184,745
|
|
|
Short-Term Investments
|
|
|
3,082,408
|
|
|
|
—
|
|
|
|
—
|
|
|
|
3,082,408
|
|
|
Total
|
|
$
|
29,267,153
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
29,267,153
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ Global Oil Small Cap ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks†
|
|
$
|
1,956,174
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,956,174
|
|
|
Short-Term Investment
|
|
|
81,521
|
|
|
|
—
|
|
|
|
—
|
|
|
|
81,521
|
|
|
Total
|
|
$
|
2,037,695
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
2,037,695
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IQ US Real Estate Small Cap ETF
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks*
|
|
$
|
42,376,320
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
42,376,320
|
|
|
Short-Term Investments
|
|
|
1,368,960
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,368,960
|
|
|
Total
|
|
$
|
43,745,280
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
43,745,280
|
|
|
*
|
|
Please refer to the Schedule of Investments to view securities segregated by industry
type.
|
|
**
|
|
Derivative instruments, including swap transactions and futures contracts, are valued
at the net unrealized appreciation (depreciation) on the instrument.
|
|
†
|
|
Please refer to the Schedule of Investments to view securities segregated by country.
|
There were no transfers between Level
1 and Level 2 fair value measurements that occurred during the period ended January 31, 2014.
The cost basis of investments for Federal income tax purposes
at January 31, 2014 was as follows (unaudited)*:
|
|
|
|
|
Gross
|
|
Gross
|
|
Net Unrealized
|
|
|
|
|
|
Unrealized
|
|
Unrealized
|
|
Appreciation/
|
|
Fund
|
|
Cost
|
|
Appreciation
|
|
Depreciation
|
|
(Depreciation)
|
|
IQ Hedge Multi-Strategy Tracker ETF
|
|
715,059,352
|
|
|
15,977,480
|
|
|
(1,294,166
|
)
|
|
14,683,314
|
|
|
IQ Hedge Macro Tracker ETF
|
|
41,512,641
|
|
|
411,223
|
|
|
(1,500,618
|
)
|
|
(1,089,395
|
)
|
|
IQ Hedge Market Neutral Tracker ETF
|
|
22,119,057
|
|
|
169,301
|
|
|
(163,716
|
)
|
|
5,585
|
|
|
IQ Real Return ETF
|
|
27,005,462
|
|
|
323,405
|
|
|
(348,548
|
)
|
|
(25,143
|
)
|
|
IQ Global Resources ETF
|
|
87,357,616
|
|
|
2,508,938
|
|
|
(8,705,351
|
)
|
|
(6,196,413
|
)
|
|
IQ Merger Arbitrage ETF
|
|
24,836,871
|
|
|
402,026
|
|
|
(196,984
|
)
|
|
205,042
|
|
|
IQ Australia Small Cap ETF
|
|
11,133,977
|
|
|
935,574
|
|
|
(2,553,635
|
)
|
|
(1,618,061
|
)
|
|
IQ Canada Small Cap ETF
|
|
19,914,295
|
|
|
1,517,074
|
|
|
(6,080,246
|
)
|
|
(4,563,172
|
)
|
|
IQ Global Agribusiness Small Cap ETF
|
|
30,995,093
|
|
|
3,115,209
|
|
|
(4,843,149
|
)
|
|
(1,727,940
|
)
|
|
IQ Global Oil Small Cap ETF
|
|
2,242,533
|
|
|
151,683
|
|
|
(356,521
|
)
|
|
(204,838
|
)
|
|
IQ US Real Estate Small Cap ETF
|
|
45,789,057
|
|
|
1,636,163
|
|
|
(3,679,940
|
)
|
|
(2,043,777
|
)
|
* Because tax adjustments are calculated annually,
the above table reflects the tax adjustments outstanding at the Fund’s previous fiscal year end. For the previous fiscal
year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s most
recent annual report.
Item 2. Controls and Procedures.
|
|
(a)
|
The registrant’s principal executive and principal financial officers, or persons performing
similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under
the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date
within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation
of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b)
under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
|
|
(b)
|
There were no changes in the registrant’s internal control over financial reporting (as defined
in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that
have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial
reporting.
|
Item 3. Exhibits.
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and
Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
(Registrant)
|
IndexIQ ETF Trust
|
|
By (Signature and Title)*
|
/s/ Adam S. Patti
|
|
|
Adam S. Patti
|
|
|
(Principal Executive Officer)
|
Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf
of the registrant and in the capacities and on the dates indicated.
|
By (Signature and Title)*
|
/s/ Adam S. Patti
|
|
|
Adam S. Patti
|
|
|
(Principal Executive Officer)
|
|
By (Signature and Title)*
|
/s/ David L. Fogel
|
|
|
David L. Fogel
|
|
|
(Principal Financial Officer)
|
* Print the name and title of each signing officer under
his or her signature.
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