NPORT-EX 2 682447IQMacKayMuniInsuredETF.htm

 

Schedules of Investments ─ IQ MacKay Municipal Insured ETF

July 31, 2020 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds — 94.1%    
     
Alabama — 6.7%    
Alabaster Board of Education, Special Tax Series A Insured: AGM        
5.000%, due 9/1/25   $215,000   $251,763 
Bibb County Board of Education, Special Tax Series B Insured: BAM          
4.000%, due 4/1/35    425,000    500,569 
4.000%, due 4/1/37    460,000    537,418 
City of Gadsden AL, General Obligation Bonds Series B Insured: BAM          
5.000%, due 8/1/26    1,020,000    1,263,607 
5.000%, due 8/1/28    335,000    424,499 
City of Russellville AL, General Obligation Bonds Series B Insured: AGM          
4.000%, due 12/1/28    390,000    473,534 
City of Troy AL, General Obligation Bonds Insured: BAM          
5.000%, due 7/1/24    500,000    581,155 
County of Dallas AL, General Obligation Bonds Series B Insured: AGM          
1.330%, due 5/1/26    305,000    282,598 
Phenix City Board of Education, Special Tax Insured: BAM          
4.000%, due 8/1/37    1,500,000    1,786,260 
University of South Alabama, Revenue Bonds Insured: AGM          
4.000%, due 4/1/39    685,000    795,401 
University of West Alabama, Revenue Bonds Insured: AGM          
4.000%, due 1/1/41    350,000    395,482 
Warrior River Water Authority, Revenue Bonds Insured: BAM          
4.000%, due 8/1/43    1,000,000    1,165,000 
         8,457,286 
Arizona — 0.6%          
Arizona Industrial Development Authority, Revenue Bonds Series A Insured: BAM          
4.000%, due 6/1/34    250,000    283,833 
5.000%, due 6/1/33    350,000    432,743 
         716,576 
Arkansas — 0.5%          
University of Central Arkansas, Revenue Bonds Series A Insured: AGM          
5.000%, due 11/1/32    200,000    237,260 
5.000%, due 11/1/35    350,000    411,852 
         649,112 
California — 15.3%          
Abag Finance Authority for Nonprofit Corps, Special Tax Series A Insured: AGM          
5.000%, due 9/2/30    750,000    938,790 
Bellevue Union School District, General Obligation Bonds Series A Insured: AGM          
1.960%, due 8/1/35(a)    320,000    238,957 

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
California (continued)          
Calexico Unified School District, General Obligation Bonds Series B Insured: NATL          
1.350%, due 8/1/28(a)   $390,000   $350,247 
California Municipal Finance Authority, Certificates of Participation Insured: AGM          
5.000%, due 6/1/26    350,000    429,733 
California Municipal Finance Authority, Revenue Bonds Insured: BAM          
5.000%, due 5/15/43    250,000    291,592 
City of Lincoln CA, Special Tax Insured: AGM          
5.000%, due 9/1/34    525,000    655,337 
City of Oxnard CA Water System Revenue, Revenue Bonds Insured: BAM          
5.000%, due 6/1/35    600,000    743,082 
City of Susanville CA Natural Gas Revenue, Revenue Bonds Insured: AGM          
4.000%, due 6/1/45    875,000    1,003,389 
Clovis Unified School District, General Obligation Bonds Series A Insured: NATL          
1.040%, due 8/1/27(a)    335,000    311,563 
Compton Unified School District, Certificates of Participation Series A Insured: BAM          
4.000%, due 6/1/33    250,000    293,290 
Cupertino Union School District, General Obligation Bonds Series C Insured: NATL          
1.560%, due 8/1/32(a)    400,000    331,912 
Dixon Unified School District, General Obligation Bonds Insured: BAM          
5.000%, due 8/1/37    570,000    735,454 
Duarte Unified School District, General Obligation Bonds Series E Insured: AGM          
1.400%, due 11/1/29(a)    350,000    307,741 
Golden West Schools Financing Authority, Revenue Bonds Insured: BHAC-CR FGIC          
5.250%, due 9/1/20    250,000    250,975 
Grossmont Healthcare District, General Obligation Bonds Series A Insured: AMBAC          
1.560%, due 7/15/32(a)    1,000,000    830,750 
Guadalupe Union School District, General Obligation Bonds Series B Insured: AGM          
4.000%, due 8/1/44    1,005,000    1,151,449 
Hayward Unified School District, General Obligation Bonds Series A Insured: AGM          
1.630%, due 8/1/32(a)    210,000    172,809 
Series A Insured: BAM          
5.000%, due 8/1/34    570,000    729,970 
Hemet Unified School District, General Obligation Bonds Series A Insured: AGM          
4.000%, due 8/1/40    1,000,000    1,122,970 

 

 

 

 

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

July 31, 2020 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
California (continued)          
Imperial Community College District, General Obligation Bonds Insured: AGC          
2.350%, due 8/1/37(a)   $400,000   $268,848 
Jurupa Public Financing Authority, Special Tax Series A Insured: AGM          
4.000%, due 9/1/36    785,000    928,663 
Kelseyville Unified School District, General Obligation Bonds Series C Insured: AGM          
1.480%, due 8/1/31(a)    155,000    119,304 
Napa Valley Unified School District, General Obligation Bonds Series C Insured: AGM          
4.000%, due 8/1/44    1,000,000    1,132,050 
Oceanside Unified School District, General Obligation Bonds Series B Insured: AGM          
1.840%, due 8/1/34(a)    300,000    232,104 
Ontario Montclair School District, General Obligation Bonds Series B Insured: NATL          
1.150%, due 8/1/29(a)    390,000    351,839 
Paramount Unified School District, General Obligation Bonds Series B Insured: BAM          
1.570%, due 8/1/33(a)    640,000    481,773 
Riverside County Redevelopment Successor Agency, Tax Allocation Series B Insured: BAM          
5.000%, due 10/1/26    575,000    691,926 
Roseville Joint Union High School District, Certificates of Participation Insured: BAM          
2.125%, due 6/1/35    500,000    499,785 
Sacramento City Unified School District, General Obligation Bonds Insured: AGM          
0.860%, due 7/1/24(a)    310,000    299,711 
Series C-1 Insured: AGM          
5.000%, due 8/1/25    200,000    241,856 
Salinas Union High School District, General Obligation Bonds Series A Insured: NATL          
0.420%, due 10/1/23(a)    225,000    222,030 
San Leandro Unified School District, General Obligation Bonds Series B Insured: BAM          
5.000%, due 8/1/34    525,000    675,103 
Sanger Unified School District, General Obligation Bonds Series A Insured: AGM          
1.150%, due 8/1/28(a)    305,000    278,297 
Santa Rita Union School District, General Obligation Bonds Series B Insured: AGM          
2.070%, due 8/1/39(a)    820,000    554,033 
South Whittier School District, General Obligation Bonds Series B Insured: AGM          
4.000%, due 8/1/40    215,000    248,415 
Southwestern Community College District, General Obligation Bonds Insured: NATL          
0.630%, due 8/1/24(a)    560,000    546,123 

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
California (continued)          
West Kern Community College District, Certificates of Participation Insured: AGM          
4.000%, due 11/1/44   $600,000   $682,626 
         19,344,496 
Colorado — 4.2%          
Beacon Point Metropolitan District, General Obligation Bonds Insured: AGM          
4.000%, due 12/1/37    100,000    109,551 
BNC Metropolitan District No 1, General Obligation Bonds Series A Insured: BAM          
5.000%, due 12/1/37    395,000    484,574 
Colorado Educational & Cultural Facilities Authority, Revenue Bonds Insured: BAM          
4.000%, due 12/1/31    1,015,000    1,228,769 
Grand Junction Regional Airport Authority, Revenue Bonds Series A Insured: NATL          
5.000%, due 12/1/26    500,000    609,780 
Grand River Hospital District, General Obligation Bonds Insured: AGM          
5.250%, due 12/1/28    375,000    474,952 
5.250%, due 12/1/37    425,000    500,284 
Park Creek Metropolitan District, Revenue Bonds Series A Insured: NATL          
5.000%, due 12/1/20    200,000    202,910 
Rio Blanco County School District No Re-1 Meeker, General Obligation Bonds Insured: BAM          
5.500%, due 12/1/35    500,000    671,940 
Series B Insured: BAM          
5.250%, due 12/1/33    150,000    199,244 
5.250%, due 12/1/35    115,000    151,736 
South Sloan's Lake Metropolitan District No 2, General Obligation Bonds Insured: AGM          
4.000%, due 12/1/33    250,000    294,423 
Vauxmont Metropolitan District, General Obligation Bonds Insured: AGM          
5.000%, due 12/15/31    135,000    157,878 
5.000%, due 12/15/32    155,000    180,637 
         5,266,678 
Connecticut — 0.7%          
City of Hartford CT, General Obligation Bonds Series A Insured: AGM          
4.000%, due 7/1/34    25,000    27,660 
5.000%, due 7/1/24    20,000    23,280 
5.000%, due 7/1/27    60,000    71,109 
Series B Insured: AGM          
5.000%, due 10/1/23    15,000    17,046 
Series C Insured: AGM          
5.000%, due 7/15/32    20,000    23,359 
City of New Britain CT, General Obligation Bonds Series B Insured: AGM          
5.250%, due 9/1/29    250,000    330,980 
5.250%, due 9/1/30    300,000    395,145 
         888,579 

 

 

 

 

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

July 31, 2020 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
Delaware — 0.3%    
Delaware State Economic Development Authority, Revenue Bonds Insured: AGM          
5.000%, due 10/1/26   $280,000   $336,331 
           
Florida — 1.7%          
City of Cape Coral FL Water & Sewer Revenue, Special Assessment Insured: AGM          
1.900%, due 9/1/20    740,000    740,718 
City of Miami FL Parking System Revenue, Revenue Bonds Insured: BAM          
4.000%, due 10/1/38    1,000,000    1,183,500 
Hillsborough County School Board, Revenue Bonds Insured: AGM          
5.000%, due 10/1/22    245,000    269,615 
         2,193,833 
Illinois — 16.8%          
Chicago Board of Education, General Obligation Bonds Series A Insured: AGM          
5.000%, due 12/1/31    500,000    586,835 
Chicago Park District, General Obligation Bonds Series D Insured: BAM          
4.000%, due 1/1/39    500,000    555,670 
Series E Insured: BAM          
4.000%, due 11/15/32    1,000,000    1,135,520 
City of Chicago IL Wastewater Transmission Revenue, Revenue Bonds Series A Insured: NATL          
2.010%, due 1/1/22(a)    345,000    335,347 
Cook County School District No 111 Burbank, General Obligation Bonds Series A Insured: BAM          
5.000%, due 12/1/34    1,165,000    1,473,527 
Cook County School District No 94, General Obligation Bonds Insured: BAM          
4.000%, due 12/1/40    460,000    514,791 
Cook County Township High School District No 220 Reavis, General Obligation Bonds Insured: BAM          
4.000%, due 6/1/40    1,005,000    1,104,736 
County of Union IL, General Obligation Bonds Insured: AGM          
4.000%, due 9/1/26    360,000    426,211 
Crawford Hospital District, General Obligation Bonds Insured: AGM          
4.000%, due 1/1/31    345,000    403,250 
4.000%, due 1/1/32    450,000    528,610 
4.000%, due 1/1/34    675,000    781,272 
Governors State University, Certificates of Participation Insured: BAM          
5.000%, due 7/1/23    385,000    428,062 
La Salle & Bureau Counties Township High School District No 120 LaSalle-Peru, General Obligation Bonds Insured: AGM          
4.000%, due 12/1/37    1,000,000    1,187,620 

 

   Principal
Amount		   Value 
Municipal Bonds (continued)          
           
Illinois (continued)          
Madison County Community Unit School District No 7 Edwardsville, General Obligation Bonds Insured: BAM          
5.000%, due 12/1/30   $275,000   $331,403 
Madison-Macoupin Etc Counties Community College District No 536, General Obligation Bonds Series A Insured: AGM          
5.000%, due 11/1/32    160,000    196,480 
Northern Illinois University, Revenue Bonds Series B Insured: BAM          
4.000%, due 4/1/35    1,200,000    1,381,464 
Sales Tax Securitization Corp., Revenue Bonds Series A Insured: BAM          
5.000%, due 1/1/37    1,000,000    1,223,620 
Sangamon County School District No 186 Springfield, General Obligation Bonds Series B Insured: AGM          
5.000%, due 2/1/34    1,000,000    1,296,590 
Sangamon Logan & Menard Counties Community Unit School Dist No 15 Williamsville, General Obligation Bonds Series B Insured: BAM          
5.000%, due 12/1/36    1,000,000    1,244,910 
South Sangamon Water Commission, General Obligation Bonds Insured: AGM          
4.000%, due 1/1/32    1,000,000    1,159,770 
State of Illinois, General Obligation Bonds Insured: NATL          
6.000%, due 11/1/26    500,000    599,140 
State of Illinois, Revenue Bonds Insured: BAM          
4.250%, due 6/15/30    500,000    510,255 
Series A Insured: BAM          
4.000%, due 6/15/35    750,000    800,513 
Series C          
4.000%, due 6/15/21    225,000    228,753 
Town of Cicero IL, General Obligation Bonds Insured: BAM          
5.000%, due 1/1/30    475,000    598,756 
Village of Stone Park IL, General Obligation Bonds Series B Insured: BAM          
4.000%, due 2/1/22    125,000    131,801 
Washington County Community Unit School Dist NO 10 West Washington, General Obligation Bonds Insured: BAM          
4.000%, due 1/15/25    750,000    855,075 

 

Western Illinois University, Revenue Bonds Insured: BAM          
4.000%, due 4/1/32    1,000,000    1,187,290 
         21,207,271 
Iowa — 0.8%          
City of Altoona IA, General Obligation Bonds Series C Insured: BAM          
3.000%, due 6/1/22    320,000    334,967 
3.000%, due 6/1/24    345,000    378,237 

 

 

 

 

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

July 31, 2020 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
Iowa (continued)          
Sioux Center Community School District, General Obligation Bonds Insured: AGM          
5.000%, due 5/1/24   $290,000   $339,987 
         1,053,191 
Kansas — 0.3%          
Allen County Unified School District No 257, General Obligation Bonds Series A Insured: BAM          
4.000%, due 9/1/32    270,000    322,091 
           
Kentucky — 1.4%          
Kentucky Asset Liability Commission, Revenue Bonds Series B Insured: NATL          
0.980%, due 11/1/21(b)    1,000,000    997,170 
1.010%, due 11/1/25(b)    130,000    127,995 
Kentucky Economic Development Finance Authority, Revenue Bonds Series A Insured: AGM          
4.000%, due 6/1/37    500,000    563,315 
Louisville & Jefferson County Visitors and Convention Commission, Revenue Bonds Insured: BAM          
4.000%, due 6/1/36    100,000    110,756 
         1,799,236 
Louisiana — 2.9%          
City of Shreveport LA Water & Sewer Revenue, Revenue Bonds Series C Insured: BAM          
5.000%, due 12/1/31    500,000    630,220 
5.000%, due 12/1/32    125,000    156,585 
Greater Ouachita Water Co., Revenue Bonds Insured: BAM          
4.000%, due 9/1/36    450,000    537,340 
New Orleans Aviation Board, Revenue Bonds Series A Insured: AGM          
5.000%, due 10/1/37    1,000,000    1,213,160 
Parish of St Mary LA, Revenue Bonds Insured: AGM          
5.000%, due 3/1/27    330,000    417,988 
Port New Orleans Board of Commissioners, Revenue Bonds Series B Insured: AGM          
5.000%, due 4/1/36    610,000    755,284 
         3,710,577 
Maine — 0.3%          
Finance Authority of Maine, Revenue Bonds Series A-1 Insured: AGC          
5.000%, due 12/1/25    155,000    183,433 
5.000%, due 12/1/26    155,000    186,842 
         370,275 
Massachusetts — 1.1%          
Commonwealth of Massachusetts, General Obligation Bonds Series A Insured: NATL          
1.030%, due 5/1/37(b)    85,000    82,575 
Series B Insured: AMBAC          
5.250%, due 8/1/28    415,000    565,757 

 

 

 

   Principal
Amount		     Value  
Municipal Bonds (continued)      
       
Massachusetts (continued)                
Commonwealth of Massachusetts, Revenue Bonds Insured: NATL                
5.500%, due 1/1/25   $ 600,000     $ 716,880  
              1,365,212  
Michigan — 1.9%                
City of Detroit MI Sewage Disposal System Revenue, Revenue Bonds Series B Insured: NATL                
5.500%, due 7/1/22     1,000,000       1,093,430  
Grandville Public Schools, General Obligation Bonds Series I Insured: AGM                
4.000%, due 5/1/37     245,000       300,272  
4.000%, due 5/1/40     200,000       242,936  
Leland Public School District, General Obligation Bonds Insured: AGM                
4.000%, due 5/1/37     590,000       702,330  
              2,338,968  
Mississippi — 0.5%                
Mississippi Development Bank, Revenue Bonds Insured: BAM                
5.250%, due 10/1/38     460,000       584,867  
                 
Missouri — 0.5%                
City of St Louis MO Airport Revenue, Revenue Bonds Series A Insured: AGM                
5.000%, due 7/1/27     100,000       124,872  
St Louis Municipal Library District, Certificates of Participation Insured: BAM                
4.000%, due 3/15/32     410,000       504,034  
              628,906  
Montana — 0.4%                
City of Bozeman MT, Tax Allocation Insured: AGM                
2.000%, due 7/1/21     90,000       90,967  
2.000%, due 7/1/22     50,000       51,047  
3.000%, due 7/1/24     100,000       107,624  
4.000%, due 7/1/26     75,000       86,861  
4.000%, due 7/1/27     100,000       117,401  
              453,900  
Nevada — 1.0%                
City of Reno NV, Revenue Bonds Series A-1 Insured: AGM                
5.000%, due 6/1/28     730,000       916,062  
5.000%, due 6/1/32     265,000       326,756  
              1,242,818  
New Jersey — 4.6%                
City of Atlantic City NJ, General Obligation Bonds Insured: AGM                
4.000%, due 11/1/26     85,000       89,323  
City of East Orange NJ, General Obligation Bonds Insured: AGM                
4.000%, due 9/15/24     125,000       143,011  

 

 

 

 

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

July 31, 2020 (unaudited)

 

 

    Principal
Amount		     Value  
Municipal Bonds (continued)      
       
New Jersey (continued)                
City of Perth Amboy NJ, General Obligation Bonds Insured: AGM                
5.000%, due 7/1/25   $ 765,000     $ 912,966  
East Orange Board Of Education, Certificates of Participation Insured: AGM                
1.130%, due 8/1/26(a)     100,000       93,433  
Gloucester County Improvement Authority (The), Revenue Bonds Series A Insured: BAM                
5.000%, due 7/1/28     265,000       315,008  
Long Branch Board of Education, General Obligation Bonds Insured: AGM                
5.000%, due 7/15/29     265,000       345,173  
New Jersey Economic Development Authority, Revenue Bonds Series A Insured: BAM                
4.000%, due 7/1/34     150,000       164,450  
Series K Insured: NATL                
5.250%, due 12/15/21     110,000       116,533  
New Jersey Educational Facilities Authority, Revenue Bonds Series F Insured: BAM                
5.000%, due 7/1/25     300,000       368,154  
New Jersey Transportation Trust Fund Authority, Revenue Bonds                
Insured: BHAC-CR AMBAC                
1.380%, due 12/15/24(a)     190,000       178,925  
Insured: BHAC-CR MBIA                
1.780%, due 12/15/27(a)     500,000       438,880  
Series B Insured: AMBAC                
5.250%, due 12/15/23     145,000       164,437  
Series B Insured: NATL                
5.500%, due 12/15/20     335,000       340,692  
Passaic Valley Sewerage Commission, Revenue Bonds Series F Insured: NATL                
2.500%, due 12/1/32     1,165,000       1,166,631  
South Jersey Transportation Authority, Revenue Bonds Series A Insured: AGM                
5.000%, due 11/1/30     700,000       921,123  
              5,758,739  
New York — 8.5%                
City of Long Beach NY, General Obligation Bonds Insured: BAM                
5.000%, due 1/15/21     425,000       433,938  
City of Syracuse NY, Series A Insured: AGM                
4.000%, due 5/15/35     405,000       476,940  
City of Syracuse NY, General Obligation Bonds Series A Insured: AGM                
4.000%, due 5/15/34     930,000       1,098,218  
County of Suffolk NY, General Obligation Bonds Series B Insured: AGM                
2.000%, due 8/1/20     150,000       150,000  
5.000%, due 10/15/20     350,000       353,231  
5.000%, due 10/15/28     500,000       618,115  
Series C Insured: BAM                
5.000%, due 2/1/23     410,000       452,312  

  

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
New York (continued)          
Metropolitan Transportation Authority, Revenue Bonds Series A-1          
5.000%, due 11/15/29   $500,000   $551,785 
Series A-1 Insured: AGM          
4.000%, due 11/15/44    1,000,000    1,113,690 
New York Convention Center Development Corp., Revenue Bonds Series B Insured: BAM          
2.920%, due 11/15/38(a)    425,000    250,163 
New York State Dormitory Authority, Revenue Bonds Series A Insured: AGM          
4.000%, due 10/1/36    500,000    578,265 
New York State Thruway Authority, Revenue Bonds Series L          
5.000%, due 1/1/32    250,000    316,380 
Niagara Falls City School District, Certificates of Participation Insured: AGM          
4.000%, due 6/15/26    200,000    224,360 
Niagara Falls City School District, General Obligation Bonds Insured: BAM          
5.000%, due 6/15/28    590,000    764,245 
Oneida County Local Development Corp., Revenue Bonds Series A Insured: AGM          
3.000%, due 12/1/44    250,000    261,320 
4.000%, due 12/1/38    250,000    289,990 
Rensselaer City School District, Certificates of Participation Insured: AGM          
5.000%, due 6/1/27    250,000    310,475 
Town of Oyster Bay NY, General Obligation Bonds Insured: BAM          
4.000%, due 2/15/26    65,000    76,402 
4.000%, due 11/1/26    800,000    954,000 
4.000%, due 2/15/27    55,000    65,821 
4.000%, due 2/15/28    55,000    66,776 
Series B Insured: AGM          
3.000%, due 2/1/24    1,190,000    1,291,709 
         10,698,135 
North Carolina — 0.5%          
North Carolina Turnpike Authority, Revenue Bonds Insured: AGM          
5.000%, due 1/1/32    525,000    666,419 
           
North Dakota — 0.9%          
State Board of Higher Education of the State of North Dakota, Revenue Bonds Series A Insured: AGM          
4.000%, due 4/1/44    670,000    786,968 
5.000%, due 4/1/21    335,000    345,278 
         1,132,246 
Ohio — 1.6%          
Cleveland Department of Public Utilities Division of Public Power, Revenue Bonds Series A Insured: AGM          
4.000%, due 11/15/37    375,000    443,696 

 

 

 

 

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

July 31, 2020 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
Ohio (continued)          
Conotton Valley Union Local School District, Certificates of Participation Insured: MAC          
4.000%, due 12/1/33   $315,000   $354,287 
County of Cuyahoga OH, Revenue Bonds          
5.000%, due 2/15/28    500,000    583,175 
Euclid City School District, Certificates of Participation Insured: BAM          
4.000%, due 12/1/29    170,000    198,030 
4.000%, due 12/1/39    400,000    450,352 
         2,029,540 
Oregon — 0.6%          
City of Seaside OR Transient Lodging Tax Revenue, Revenue Bonds Insured: AGM          
5.000%, due 12/15/37    400,000    500,240 
Jackson County School District No 6 Central Point, General Obligation Bonds Series B Insured: SCH BD GTY          
2.410%, due 6/15/49(a)    500,000    199,660 
         699,900 
Pennsylvania — 7.0%          
City of Lebanon Authority, Revenue Bonds Insured: BAM          
4.000%, due 12/15/30    370,000    428,826 
Coatesville Area School District Building Authority, Revenue Bonds Insured: BAM          
5.000%, due 12/1/22    400,000    440,704 
Coatesville School District, General Obligation Bonds Insured: AGM          
5.000%, due 8/1/23    150,000    169,571 
County of Cambria PA, General Obligation Bonds Series B Insured: AGM          
4.000%, due 8/1/32    250,000    289,142 
Erie Sewer Authority, Revenue Bonds Series B Insured: AGM          
5.000%, due 12/1/35    460,000    589,058 
North Pocono School District, General Obligation Bonds Series A Insured: AGM          
4.000%, due 9/15/29    1,000,000    1,216,900 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds Series A Insured: AGC          
0.798%, due 7/1/27(b)    185,000    181,568 
Pennsylvania Turnpike Commission, Revenue Bonds Series C Insured: AGM          
6.250%, due 6/1/33    750,000    970,943 
Pittsburgh Water & Sewer Authority, Revenue Bonds Series B Insured: AGM          
4.000%, due 9/1/35    700,000    839,286 
School District of Philadelphia (The), General Obligation Bonds Insured: BHAC-CR FGIC          
5.000%, due 6/1/34    100,000    144,078 

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
Pennsylvania (continued)          
State Public School Building Authority, Revenue Bonds Insured: AGM          
5.000%, due 6/1/21   $375,000   $388,395 
Series A Insured: AGM          
5.000%, due 9/15/21    875,000    919,485 
Vanport Township Municipal Authority, Revenue Bonds Insured: AGM          
5.000%, due 4/1/21    145,000    149,164 
Warrior Run School District/Montour Northumberland Union County PA, General Obligation Bonds Insured: AGM          
4.000%, due 9/1/31    415,000    467,821 
4.000%, due 9/1/32    435,000    488,470 
Waverly Township Municipal Authority, Revenue Bonds Insured: BAM          
4.000%, due 2/15/27    950,000    1,101,573 
         8,784,984 
Puerto Rico — 0.5%          
Commonwealth of Puerto Rico, General Obligation Bonds Series A Insured: AGM          
5.000%, due 7/1/35    480,000    493,085 
Series A-4 Insured: AGM          
5.250%, due 7/1/30    100,000    100,583 
Puerto Rico Electric Power Authority, Revenue Bonds Series PP Insured: NATL          
5.000%, due 7/1/24    25,000    25,188 
         618,856 
Rhode Island — 2.5%          
City of Cranston RI, General Obligation Bonds Series A Insured: BAM          
4.000%, due 8/1/29    110,000    138,973 
Providence Public Building Authority, Revenue Bonds Series A Insured: AGM          
4.000%, due 9/15/35    1,085,000    1,270,459 
Series B Insured: AGM          
5.000%, due 6/15/26    275,000    335,690 
5.000%, due 6/15/36    660,000    830,188 
Rhode Island Health and Educational Building Corp., Revenue Bonds Series A Insured: AGM          
4.000%, due 5/15/36    390,000    467,091 
5.000%, due 5/15/29    110,000    137,009 
         3,179,410 
Tennessee — 0.3%          
County of Campbell TN, General Obligation Bonds Insured: AGM          
5.000%, due 6/1/21    320,000    332,573 
           
Texas — 6.4%          
City of Arlington TX Special Tax Revenue, Special Tax Series A Insured: AGM          
5.000%, due 2/15/38    700,000    828,261 
Series C Insured: BAM          
5.000%, due 2/15/33    430,000    507,761 

 

 

 

 

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

July 31, 2020 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
Texas (continued)          
City of Rio Grande City TX, General Obligation Bonds Insured: AGM          
4.000%, due 2/15/26   $630,000   $732,715 
County of La Salle TX, General Obligation Bonds Insured: AGM          
5.000%, due 3/1/27    500,000    636,620 
Galveston County Municipal Utility District No 56, General Obligation Bonds Insured: BAM          
4.000%, due 12/1/24    400,000    454,896 
Greater Greenspoint Redevelopment Authority, Tax Allocation Insured: AGM          
4.000%, due 9/1/34    325,000    385,902 
La Joya Independent School District, General Obligation Bonds Insured: AGM          
4.000%, due 2/15/38    500,000    566,410 
Lazy Nine Municipal Utility District No 1B, General Obligation Bonds Series 1B Insured: MAC          
3.000%, due 9/1/21    180,000    184,583 
3.000%, due 9/1/22    180,000    187,058 
Matagorda County Navigation District No 1, Revenue Bonds Insured: AMBAC          
5.125%, due 11/1/28    525,000    666,676 
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds Series B-1 Insured: AGM          
4.000%, due 7/1/30    155,000    174,514 
North Texas Tollway Authority, Revenue Bonds Series D Insured: AGC          
1.450%, due 1/1/29(a)    1,000,000    885,300 
Southwest Houston Redevelopment Authority, Revenue Bonds Insured: AGM          
4.000%, due 9/1/32    450,000    531,815 
5.000%, due 9/1/28    210,000    263,798 
5.000%, due 9/1/29    225,000    287,525 
5.000%, due 9/1/30    350,000    453,541 
Weatherford Independent School District, General Obligation Bonds Insured: PSF-GTD          
1.480%, due 2/15/34(a)    500,000    380,120 
         8,127,495 
Utah — 0.2%          
Utah Transit Authority, Revenue Bonds Series A Insured: BHAC-CR MBIA          
5.000%, due 6/15/35    215,000    306,401 
           
Washington — 1.1%          
Bellevue Convention Center Authority, Revenue Bonds Insured: NATL          
1.200%, due 2/1/22(a)    530,000    520,577 
Klickitat County Public Utility District NO 1, Revenue Bonds Series A Insured: AGM          
4.000%, due 12/1/37    750,000    891,420 
         1,411,997 

 

   Principal
Amount		   Value 
Municipal Bonds (continued)    
     
Wisconsin — 1.5%    
City of Racine WI Waterworks System Revenue, Revenue Bonds Insured: AGM        
5.000%, due 9/1/30   $500,000   $644,980 
Public Finance Authority, Revenue Bonds Series A Insured: AGM          
4.000%, due 7/1/40    300,000    333,801 
4.000%, due 7/1/45    800,000    880,224 
         1,859,005 
Total Municipal Bonds          
(Cost $114,118,476)         118,535,903 

 

   Shares   Value 
Short-Term Investment — 6.8%          
           
Money Market Fund — 6.8%          
Fidelity Investments Money Market Treasury Only Class I, 0.02%(c)          
(Cost $8,607,030)    8,607,030   $8,607,030 
Total Investments — 100.9%          
(Cost $122,725,506)         127,142,933 
Other Assets and Liabilities, Net — (0.9)%         (1,144,519)
Net Assets — 100.0%        $125,998,414 

 

 

 

(a) The security was issued on a discount basis with no stated coupon rate. Rate shown reflects the effective yield.
(b) 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, 2020.
(c) Reflects the 7-day yield at July 31, 2020.

 

Abbreviations
AGC  - Assured Guaranty Corp.
AGM  - Assured Guaranty Municipal Corp.
AMBAC  - Ambac Assurance Corp.
BAM  - Build America Mutual Assurance Co.
BHAC-CR  - Berkshire Hathaway Assurance Corp. Custodial Receipts
FGIC  - Financial Guaranty Insurance Co.
MAC  - Municipal Assurance Corp.
NATL  - National Public Finance Guarantee Corp.
PSF-GTD  - Permanent School Fund Guaranteed.
SCH BD GTY  - School Bond Guaranty Program

 

 

 

 

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

July 31, 2020 (unaudited)

 

The following is a summary of the inputs used to value the Fund's investments as of July 31, 2020. 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:(d)                    
Municipal Bonds   $–   $118,535,903   $–   $118,535,903 
Short-Term Investment:                    
Money Market Fund    8,607,030    –    –    8,607,030 
Total Investments in Securities   $8,607,030   $118,535,903   $–   $127,142,933 

 

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

 

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