NPORT-EX 2 682447INDEXIQ013124.htm

 

Schedule of Investments ─ IQ MacKay Municipal Insured ETF

January 31, 2024 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds — 98.4%
Alabama — 0.6%
Black Belt Energy Gas District, Revenue Bonds          
Series B-2          
5.200%, (Municipal Swap Index + 0.65%), due 4/1/53(a)  $2,500,000   $2,430,891 
           
Alaska — 0.3%          
University of Alaska, Revenue Bonds          
Series V-1 Insured: AGM-CR          
5.000%, due 10/1/44   1,365,000    1,405,101 
           
Arizona — 1.4%          
City of Glendale AZ Transportation Excise Tax Revenue, Revenue Bonds          
Insured: AGM          
5.000%, due 7/1/28   3,180,000    3,262,832 
City of Lake Havasu City AZ Wastewater System Revenue, Revenue Bonds          
Series B Insured: AGM          
5.000%, due 7/1/40   1,000,000    1,012,744 
Maricopa County Unified School District No 60 Higley, Certificates of Participation          
Insured: AGM          
4.125%, due 6/1/42   500,000    505,282 
4.250%, due 6/1/47   1,500,000    1,501,421 
         6,282,279 
Arkansas — 0.1%          
City of Clarksville AR Sales & Use Tax Revenue, Revenue Bonds          
Insured: BAM          
3.000%, due 11/1/26   500,000    496,361 
           
California — 7.7%          
Banning Unified School District, General Obligation Bonds          
Series A Insured: AGM          
4.000%, due 8/1/46   2,395,000    2,400,238 
California Health Facilities Financing Authority, Revenue Bonds          
5.000%, due 11/15/49   535,000    546,996 
California Statewide Communities Development Authority, Revenue Bonds          
Insured: BAM          
3.000%, due 5/15/54   2,895,000    2,174,198 
Chaffey Joint Union High School District, General Obligation Bonds          
Series G          
4.490%, due 8/1/42(b)   1,000,000    434,982 
City of Long Beach CA Airport System Revenue, Revenue Bonds          
Series C Insured: AGM          
5.000%, due 6/1/42   1,000,000    1,076,871 
City of San Mateo CA, Special Tax          
Insured: BAM          
5.250%, due 9/1/37   4,460,000    5,003,644 
Clovis Unified School District, General Obligation Bonds          
Series B Insured: NATL          
3.060%, due 8/1/30(b)   1,000,000    820,835 
Fontana Unified School District, General Obligation Bonds          
Insured: AGM          
2.375%, due 8/1/44   2,500,000    1,826,751 
Foothill-De Anza Community College District, General Obligation Bonds          
Series 99 Insured: NATL-IBC FGIC          
2.780%, due 8/1/29(b)   1,050,000    901,902 
   Principal
Amount		   Value 
Municipal Bonds (continued)
California (continued)          
Grossmont Union High School District, General Obligation Bonds          
Series F Insured: AGM          
3.900%, due 8/1/34(b)  $2,445,000   $1,479,499 
4.440%, due 8/1/39(b)   535,000    246,297 
Lake Tahoe Unified School District, General Obligation Bonds          
Series B Insured: NATL          
3.180%, due 8/1/30(b)   1,110,000    904,160 
Natomas Unified School District, General Obligation Bonds          
Insured: AGM          
3.000%, due 8/1/47   3,135,000    2,497,978 
Oak Grove School District, General Obligation Bonds          
Series 2 Insured: BAM          
11.650%, due 6/1/46(b)   4,000,000    1,518,053 
Ontario Montclair School District, General Obligation Bonds          
Series B Insured: NATL          
3.340%, due 8/1/29(b)   390,000    324,988 
Placer Union High School District, General Obligation Bonds          
Insured: AGM          
3.000%, due 8/1/30(b)   975,000    803,394 
River Islands Public Financing Authority, Special Tax          
Series 1 Insured: AGM          
5.250%, due 9/1/52   735,000    803,324 
Riverside County Transportation Commission, Revenue Bonds          
Insured: BAM          
3.000%, due 6/1/49   2,592,000    2,059,638 
Saratoga Union School District, General Obligation Bonds          
Insured: NATL          
3.080%, due 9/1/27(b)   650,000    582,581 
Twin Rivers Unified School District, General Obligation Bonds          
Insured: AGM          
5.070%, due 8/1/41(b)   2,000,000    931,994 
Vista Unified School District, General Obligation Bonds          
Series B Insured: BAM          
5.250%, due 8/1/41   3,000,000    3,475,817 
Washington Unified School District/Yolo County CA, General Obligation Bonds          
Series A Insured: NATL          
3.320%, due 8/1/26(b)   1,100,000    1,013,105 
William S Hart Union High School District, General Obligation Bonds          
Series B Insured: AGM          
3.140%, due 9/1/29(b)   2,345,000    1,970,306 
         33,797,551 
Colorado — 4.0%          
Arista Metropolitan District, General Obligation Bonds          
Series A Insured: BAM          
5.000%, due 12/1/48   2,650,000    2,820,861 
Castle Oaks Metropolitan District No 3, General Obligation Bonds          
Insured: AGM          
4.000%, due 12/1/45   3,000,000    2,931,425 
Colorado Educational & Cultural Facilities Authority, Revenue Bonds          
Insured: BAM-TCRS MORAL OBLIG          
4.000%, due 9/1/46   2,385,000    2,266,541 
Colorado Water Resources & Power Development Authority, Revenue Bonds          
Series A Insured: AGM          
5.500%, due 9/1/43   500,000    575,602 


 

 

 

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

January 31, 2024 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)
Colorado (continued)          
Crystal Valley Metropolitan District No 2, General Obligation Bonds          
Series A Insured: AGM          
4.000%, due 12/1/44  $1,000,000   $1,000,820 
E-470 Public Highway Authority, Revenue Bonds          
Series B Insured: NATL          
3.190%, due 9/1/25(b)   2,350,000    2,235,147 
Gold Hill Mesa Metropolitan District No 2, General Obligation Bonds          
Series A Insured: BAM          
5.500%, due 12/1/47   600,000    653,151 
Grand Junction Regional Airport Authority, Revenue Bonds          
Series A Insured: NATL          
5.000%, due 12/1/26   500,000    525,813 
Green Gables Metropolitan District No 2, General Obligation Bonds          
Series A Insured: BAM          
5.000%, due 12/1/38   760,000    831,265 
Park 70 Metropolitan District, General Obligation Bonds          
5.000%, due 12/1/46   450,000    454,017 
Park Creek Metropolitan District, Revenue Bonds          
Series A Insured: AGM          
4.000%, due 12/1/46   3,255,000    3,231,186 
         17,525,828 
Connecticut — 0.0%(c)          
City of Hartford CT, General Obligation Bonds          
Series A Insured: AGM          
4.000%, due 7/1/34   25,000    25,217 
5.000%, due 7/1/24   20,000    20,151 
5.000%, due 7/1/27   60,000    61,675 
Series C Insured: AGM          
5.000%, due 7/15/32   20,000    20,559 
         127,602 
District of Columbia — 0.6%          
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds          
Insured: BAM          
4.460%, due 10/1/37(b)   1,500,000    820,455 
Series B Insured: AGM          
4.000%, due 10/1/53   2,000,000    1,912,762 
         2,733,217 
Florida — 2.9%          
County of Brevard FL, Revenue Bonds          
Insured: AGM          
5.000%, due 8/1/29   3,860,000    4,048,776 
County of Miami-Dade FL, Revenue Bonds          
Insured: BAM          
4.360%, due 10/1/46(b)   290,000    109,175 
County of Miami-Dade Seaport Department, Revenue Bonds          
Series 2 Insured: AGM          
3.000%, due 10/1/50   4,090,000    3,152,472 
Series A-1 Insured: AGM          
4.000%, due 10/1/41   1,425,000    1,408,782 
County of Osceola FL Transportation Revenue, Revenue Bonds          
Series A Insured: AGM-CR          
7.690%, due 10/1/41(b)   1,015,000    437,911 
Series A-2 Insured: AGM-CR          
7.350%, due 10/1/40(b)   1,250,000    570,576 
County of Pasco FL, Revenue Bonds          
Series A Insured: AGM          
5.250%, due 9/1/28   1,000,000    1,089,418 
   Principal
Amount		   Value 
Municipal Bonds (continued)
Florida (continued)          
School Board of Miami-Dade County (The), General Obligation Bonds          
5.000%, due 3/15/39  $1,645,000   $1,689,262 
         12,506,372 
Georgia — 0.5%          
DeKalb Newton & Gwinnett Counties Joint Development Authority, Revenue Bonds          
Series A Insured: AGM          
5.000%, due 7/1/39   2,250,000    2,252,308 
           
Idaho — 0.4%          
Idaho Housing & Finance Association, Revenue Bonds          
Insured: SCH BD GTY          
5.000%, due 5/1/52   1,000,000    1,013,579 
5.250%, due 5/1/42   800,000    843,024 
         1,856,603 
Illinois — 13.2%          
Boone & Winnebago Counties Community Unit School District No 200, General Obligation Bonds          
Series B Insured: AGM          
3.500%, due 1/1/25(b)   500,000    484,324 
Chicago Board of Education, General Obligation Bonds          
Series A Insured: AGC-ICC FGIC          
5.500%, due 12/1/26   1,575,000    1,653,904 
Series A Insured: AGM          
5.000%, due 12/1/31   500,000    531,079 
Chicago Board of Education Dedicated Capital Improvement Tax, Revenue Bonds          
5.250%, due 4/1/35   1,750,000    1,977,980 
Chicago Midway International Airport, Revenue Bonds          
Series A Insured: BAM          
5.750%, due 1/1/42   2,000,000    2,287,735 
Chicago O'Hare International Airport, Revenue Bonds          
Insured: BAM          
5.250%, due 1/1/42   1,470,000    1,626,425 
Series A Insured: AGM          
5.250%, due 1/1/45   3,585,000    3,870,312 
Chicago Transit Authority Sales Tax Receipts Fund, Revenue Bonds          
Series A Insured: BAM          
4.000%, due 12/1/50   4,700,000    4,518,937 
City of Calumet City IL, General Obligation Bonds          
Series A Insured: AGM          
4.500%, due 3/1/43   1,000,000    1,001,360 
City of Chicago IL Waterworks Revenue, Revenue Bonds          
Insured: BAM          
5.000%, due 11/1/44   3,220,000    3,238,278 
City of Joliet IL, General Obligation Bonds          
Insured: BAM          
5.500%, due 12/15/44   3,750,000    4,211,798 
City of Kankakee IL, General Obligation Bonds          
Series A Insured: BAM          
4.000%, due 1/1/26   1,100,000    1,101,883 
La Salle County Community Unit School District No 2 Serena, General Obligation Bonds          
Insured: BAM          
5.500%, due 12/1/38   1,825,000    2,080,534 
5.500%, due 10/1/42   1,260,000    1,416,431 


 

 

 

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

January 31, 2024 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)
Illinois (continued)          
Northern Illinois University, Revenue Bonds          
Insured: BAM          
4.000%, due 10/1/40  $400,000   $398,325 
4.000%, due 10/1/41   400,000    394,457 
Series B Insured: BAM          
4.000%, due 4/1/37   1,425,000    1,456,713 
Sales Tax Securitization Corp., Revenue Bonds          
Series A Insured: BAM          
5.000%, due 1/1/37   1,200,000    1,306,138 
Series C Insured: BAM          
5.250%, due 1/1/48   2,500,000    2,640,098 
Sangamon & Christian Counties Community Unit School District No 3A Rochester, General Obligation Bonds          
Insured: BAM          
5.500%, due 2/1/47   1,590,000    1,733,979 
Sangamon & Morgan Counties Community Unit School District No 16 New Berlin, General Obligation Bonds          
Series A Insured: AGM          
5.000%, due 12/1/43   1,440,000    1,534,082 
5.000%, due 12/1/46   1,800,000    1,900,176 
Southern Illinois University, Revenue Bonds          
Insured: BAM          
4.000%, due 4/1/40   500,000    474,269 
Series A Insured: NATL          
4.420%, due 4/1/25(b)   390,000    370,603 
Southwestern Illinois Development Authority, Revenue Bonds          
Insured: BAM          
5.500%, due 12/1/40   2,700,000    3,043,163 
State of Illinois, General Obligation Bonds          
5.750%, due 5/1/45   1,000,000    1,101,701 
Insured: BAM          
4.000%, due 6/1/41   3,275,000    3,222,547 
Union Alexander Massac Pulaski Etc Counties Community College District No 531, General Obligation Bonds          
Series A Insured: BAM          
5.000%, due 12/1/24   1,115,000    1,129,430 
University of Illinois, Revenue Bonds          
Series A Insured: AGM-CR          
4.000%, due 4/1/36   940,000    946,130 
Will County Community Unit School District No 201-U Crete-Monee, General Obligation Bonds          
Insured: NATL          
3.370%, due 11/1/24(b)   885,000    863,064 
Will County School District No 114 Manhattan, General Obligation Bonds          
Insured: BAM          
5.500%, due 1/1/45   3,765,000    4,214,945 
Williamson County Community Unit School District No 1 Johnston City, General Obligation Bonds          
Insured: AGM          
3.570%, due 12/1/26(b)   590,000    533,771 
3.690%, due 12/1/25(b)   590,000    551,704 
         57,816,275 
Indiana — 1.5%          
Evansville Waterworks District, Revenue Bonds          
Series A Insured: BAM          
4.250%, due 1/1/49   1,000,000    1,008,520 
5.000%, due 7/1/47   2,000,000    2,132,794 
   Principal
Amount		   Value 
Municipal Bonds (continued)
Indiana (continued)          
Tri-Creek 2002 High School Building Corp., Revenue Bonds          
Insured: ST INTERCEPT          
5.500%, due 7/15/43  $3,000,000   $3,441,938 
         6,583,252 
Iowa — 3.2%          
Burlington Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
Insured: BAM          
4.000%, due 6/1/41   1,940,000    1,910,772 
City of Orange City IA Water Revenue, Revenue Bonds          
Series B Insured: AGM          
4.250%, due 6/1/42   1,165,000    1,188,009 
City of West Des Moines IA, General Obligation Bonds          
Series B          
2.000%, due 6/1/39   1,235,000    926,471 
Clinton Community School District/IA Infrastructure Sales Services & Use Tax, Revenue Bonds          
Insured: AGM          
4.000%, due 7/1/41   2,100,000    2,114,375 
College Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
Insured: BAM          
4.000%, due 6/1/41   400,000    404,175 
Jesup Community School District, General Obligation Bonds          
Insured: AGM          
3.000%, due 6/1/31   580,000    573,888 
3.250%, due 6/1/32   600,000    598,025 
3.375%, due 6/1/33   620,000    617,363 
4.000%, due 6/1/40   805,000    813,415 
4.000%, due 6/1/41   835,000    841,173 
4.000%, due 6/1/42   870,000    873,600 
Sioux City Community School District Infrastructure Sales Services & Use Tax, Revenue Bonds          
Insured: BAM          
3.000%, due 10/1/24   2,500,000    2,495,286 
West Delaware County Community School District Sales & Services Tax Revenue, Revenue Bonds          
Insured: BAM          
4.125%, due 6/1/41   325,000    329,010 
5.000%, due 6/1/26   170,000    177,506 
         13,863,068 
Kansas — 0.2%          
Reno County Unified School District No 309 Nickerson, General Obligation Bonds          
Insured: AGM          
4.000%, due 9/1/32   1,000,000    1,070,391 
           
Kentucky — 1.9%          
Christian County School District Finance Corp., Revenue Bonds          
Insured: AGM ST INTERCEPT          
4.500%, due 10/1/48   2,035,000    2,130,077 
Kentucky Bond Development Corp., Revenue Bonds          
Insured: BAM          
5.000%, due 9/1/38   1,045,000    1,135,540 
5.000%, due 9/1/49   2,900,000    3,050,710 
Kentucky Municipal Power Agency, Revenue Bonds          
5.000%, due 9/1/34   1,155,000    1,226,836 


 

 

 

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

January 31, 2024 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)
Kentucky (continued)          
Louisville & Jefferson County Visitors and Convention Commission, Revenue Bonds          
Insured: BAM          
4.000%, due 6/1/36  $100,000   $101,673 
Paducah Electric Plant Board, Revenue Bonds          
Series A Insured: AGM          
5.000%, due 10/1/34   650,000    677,339 
         8,322,175 
Louisiana — 0.9%          
City of Lafayette LA Utilities Revenue, Revenue Bonds          
Insured: BAM          
5.000%, due 11/1/43   1,500,000    1,648,788 
Louisiana Local Government Environmental Facilities & Community Development Auth, Revenue Bonds          
Insured: AGM          
5.000%, due 8/1/31   2,000,000    2,094,045 
         3,742,833 
Maine — 0.6%          
Finance Authority of Maine, Revenue Bonds          
Series A-1 Insured: AGC          
5.000%, due 12/1/26   150,000    154,699 
Maine Health & Higher Educational Facilities Authority, Revenue Bonds          
Series C Insured: AGM ST AID WITHHLDG          
5.500%, due 7/1/40   1,180,000    1,333,389 
5.500%, due 7/1/42   1,000,000    1,116,806 
         2,604,894 
Maryland — 0.5%          
State of Maryland, General Obligation Bonds          
Series B          
5.000%, due 8/1/26   2,000,000    2,114,944 
           
Massachusetts — 0.5%          
Commonwealth of Massachusetts, Revenue Bonds          
Insured: NATL          
5.500%, due 1/1/25   580,000    592,239 
Massachusetts Development Finance Agency, Revenue Bonds          
Series C Insured: AGM          
3.000%, due 10/1/45   1,945,000    1,502,408 
         2,094,647 
Michigan — 2.8%          
City of Saginaw MI Water Supply System Revenue, Revenue Bonds          
Insured: AGM          
4.000%, due 7/1/26   1,070,000    1,091,213 
Grand Rapids Public Schools, General Obligation Bonds          
Insured: AGM          
5.000%, due 5/1/28   2,100,000    2,188,543 
Great Lakes Water Authority Water Supply System Revenue, Revenue Bonds          
Series B Insured: BAM          
5.000%, due 7/1/46   2,475,000    2,533,145 
Port Huron Area School District, General Obligation Bonds          
Insured: AGM          
4.000%, due 5/1/39   1,500,000    1,504,462 
Wayne County Airport Authority, Revenue Bonds          
Series B Insured: AGM          
5.500%, due 12/1/39   635,000    731,916 
   Principal
Amount		   Value 
Municipal Bonds (continued)
Michigan (continued)          
5.500%, due 12/1/48  $3,620,000   $4,016,468 
         12,065,747 
Missouri — 1.1%          
Hickman Mills C-1 School District, General Obligation Bonds          
C-1 Insured: BAM          
5.750%, due 3/1/41   1,960,000    2,210,836 
Kansas City Municipal Assistance Corp., Revenue Bonds          
Series B1 Insured: AMBAC          
3.220%, due 4/15/26(b)   1,720,000    1,603,141 
St. Louis Municipal Finance Corp., Revenue Bonds          
Insured: AGM          
5.000%, due 10/1/40   770,000    830,598 
         4,644,575 
Nevada — 0.2%          
City of Reno NV, Revenue Bonds          
Series A1 Insured: AGM          
4.000%, due 6/1/46   1,050,000    1,000,082 
           
New Hampshire — 0.6%          
New Hampshire Health and Education Facilities Authority Act, Revenue Bonds          
Insured: BAM          
5.000%, due 7/1/37   840,000    964,445 
Series B Insured: BAM          
4.000%, due 8/1/33   1,480,000    1,481,101 
         2,445,546 
New Jersey — 5.6%          
Berlin Borough School District, General Obligation Bonds          
Insured: AGM          
4.000%, due 3/1/39   1,210,000    1,237,545 
4.000%, due 3/1/40   1,255,000    1,277,809 
4.000%, due 3/1/41   1,310,000    1,329,717 
City of Orange Township NJ, General Obligation Bonds          
Insured: AGM ST AID WITHHLDG          
4.000%, due 12/1/24   675,000    679,419 
Kenilworth School District, General Obligation Bonds          
Insured: BAM SCH BD RES FD          
4.000%, due 8/15/39   750,000    764,257 
Maywood School District, General Obligation Bonds          
Insured: BAM SCH BD RES  FD          
3.000%, due 7/15/33   645,000    636,165 
New Jersey Transportation Trust Fund Authority, Revenue Bonds          
Series BB          
4.000%, due 6/15/50   3,000,000    2,898,691 
Series C Insured: BHAC-CR AMBAC          
3.520%, due 12/15/24(b)   965,000    936,054 
Series C Insured: BHAC-CR MBIA          
3.250%, due 12/15/27(b)   1,305,000    1,151,920 
New Jersey Turnpike Authority, Revenue Bonds          
Series 4 Insured: AGM          
5.250%, due 1/1/26   3,375,000    3,518,729 
Newark Parking Authority (The), Revenue Bonds          
Insured: AGM          
5.250%, due 2/1/43   500,000    535,376 
5.500%, due 2/1/51   1,000,000    1,071,392 
North Hudson Sewerage Authority, Revenue Bonds          
Series A Insured: NATL          
3.070%, due 8/1/25(b)   1,450,000    1,385,124 


 

 

 

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

January 31, 2024 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)
New Jersey (continued)          
South Jersey Transportation Authority, Revenue Bonds          
Insured: BAM          
5.250%, due 11/1/52  $2,250,000   $2,442,764 
Series A Insured: AGM-CR          
4.000%, due 11/1/50   1,830,000    1,779,155 
Woodbury School District, General Obligation Bonds          
Insured: BAM SCH BD RES FD          
4.000%, due 8/15/45   1,020,000    1,026,796 
4.000%, due 8/15/46   1,020,000    1,025,980 
4.000%, due 8/15/47   1,020,000    1,025,390 
         24,722,283 
New York — 7.3%          
Amherst Development Corp., Revenue Bonds          
Insured: BAM          
4.000%, due 10/1/42   3,905,000    3,874,909 
Series A Insured: AGM          
5.000%, due 10/1/32   1,560,000    1,659,677 
City of Long Beach NY, General Obligation Bonds          
Series B Insured: BAM          
5.250%, due 7/15/35   400,000    458,198 
5.250%, due 7/15/36   300,000    341,357 
5.250%, due 7/15/37   325,000    366,955 
5.250%, due 7/15/42   1,800,000    1,981,687 
City of New York NY, General Obligation Bonds          
Series 1 Insured: BAM          
4.000%, due 8/1/44   1,085,000    1,088,974 
County of Nassau NY, General Obligation Bonds          
Series A Insured: AGM-CR          
4.125%, due 4/1/47   2,975,000    3,008,510 
Metropolitan Transportation Authority, Revenue Bonds          
Series 1          
4.000%, due 11/15/46   600,000    577,477 
Series 1 Insured: BAM          
5.000%, due 11/15/33   4,000,000    4,104,900 
Series A1          
5.000%, due 11/15/29   500,000    518,360 
Series E          
4.000%, due 11/15/45   450,000    435,339 
New York City Industrial Development Agency, Revenue Bonds          
Insured: AGM          
3.000%, due 3/1/49   1,265,000    975,475 
Insured: NATL          
3.997%, due 3/1/24   1,500,000    1,500,938 
New York Convention Center Development Corp., Revenue Bonds          
Series B Insured: BAM          
3.880%, due 11/15/36(b)   4,400,000    2,690,724 
New York Liberty Development Corp., Revenue Bonds          
Series 1WTC Insured: BAM-TCRS          
4.000%, due 2/15/43   1,480,000    1,492,157 
New York Power Authority, Revenue Bonds          
Insured: AGM          
4.000%, due 11/15/47   1,380,000    1,370,071 
Series A Insured: AGM          
5.250%, due 11/15/39   1,000,000    1,192,732 
5.250%, due 11/15/41   1,000,000    1,173,998 
New York State Dormitory Authority, Revenue Bonds          
Series A Insured: AGM          
4.000%, due 10/1/36   5,000    5,309 
   Principal
Amount		   Value 
Municipal Bonds (continued)
New York (continued)          
New York Transportation Development Corp., Revenue Bonds          
Insured: AGM          
5.125%, due 6/30/60  $2,000,000   $2,092,527 
Port Authority of New York & New Jersey, Revenue Bonds          
Series 231ST          
5.500%, due 8/1/52   765,000    840,333 
         31,750,607 
North Carolina — 3.0%          
Charlotte-Mecklenburg Hospital Authority (The), Revenue Bonds          
Series H          
3.100%, due 1/15/48(a)(d)   2,500,000    2,500,000 
Greater Asheville Regional Airport Authority, Revenue Bonds          
Series A Insured: AGM          
5.250%, due 7/1/41   3,250,000    3,578,361 
5.500%, due 7/1/52   1,675,000    1,821,140 
North Carolina Turnpike Authority, Revenue Bonds          
Insured: AGM          
5.000%, due 1/1/49   3,325,000    3,508,316 
Series B Insured: AGM          
4.810%, due 1/1/53(b)   7,000,000    1,722,930 
         13,130,747 
Ohio — 2.5%          
City of Toledo OH, General Obligation Bonds          
Insured: AGM          
5.500%, due 12/1/42   3,000,000    3,388,672 
Cloverleaf Local School District, Certificates of Participation          
Insured: BAM          
5.375%, due 12/1/39   1,780,000    1,910,823 
5.500%, due 12/1/42   955,000    1,024,613 
County of Cuyahoga OH, Revenue Bonds          
5.000%, due 2/15/28   500,000    515,306 
Green Local School District/Summit County, Certificates of Participation          
Insured: AGM          
5.500%, due 11/1/47   3,000,000    3,266,650 
State of Ohio, Revenue Bonds          
Insured: AGM          
5.000%, due 12/31/26   1,000,000    1,013,130 
         11,119,194 
Oregon — 0.6%          
City of Newport OR, General Obligation Bonds          
Series B Insured: AGC          
3.140%, due 6/1/26(b)   1,355,000    1,260,048 
Umatilla County School District No 6R Umatilla, General Obligation Bonds          
Series B Insured: SCH BD GTY          
4.330%, due 6/15/43(b)   2,800,000    1,169,439 
         2,429,487 
Pennsylvania — 4.9%          
Bucks County Industrial Development Authority, Revenue Bonds          
Insured: AGM-CR          
4.000%, due 8/15/44   1,030,000    1,032,049 
City of Philadelphia PA Airport Revenue, Revenue Bonds          
Insured: AGM          
4.000%, due 7/1/39   1,335,000    1,333,643 
County of Lehigh PA, Revenue Bonds          
Series A Insured: AGM-CR          
4.000%, due 7/1/49   1,500,000    1,415,088 


 

 

 

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

January 31, 2024 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)
Pennsylvania (continued)          
Delaware Valley Regional Finance Authority, Revenue Bonds          
Series B Insured: AMBAC          
5.700%, due 7/1/27  $375,000   $406,854 
Indiana County Industrial Development Authority, Revenue Bonds          
Insured: BAM          
5.000%, due 5/1/31   870,000    954,556 
Montgomery County Higher Education and Health Authority, Revenue Bonds          
Insured: AGM-CR          
4.000%, due 9/1/44   1,140,000    1,129,954 
Pennsylvania Economic Development Financing Authority, Revenue Bonds          
Insured: AGM          
5.500%, due 6/30/42   3,625,000    4,084,401 
Series BA Insured: CNTY GTD-BAM TCRS          
3.480%, due 1/1/31(b)   775,000    610,621 
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds          
Series A Insured: AGC          
4.346%, (0.670*3 Month ICE LIBOR USD + 0.60%), due 7/1/27(a)   110,000    109,023 
Pennsylvania Turnpike Commission, Revenue Bonds          
Series A Insured: BAM          
5.000%, due 12/1/44   1,595,000    1,698,860 
Pittsburgh Water & Sewer Authority, Revenue Bonds          
Series A Insured: AGM          
5.000%, due 9/1/37   1,350,000    1,546,477 
5.000%, due 9/1/38   1,420,000    1,613,215 
Reading School District, General Obligation Bonds          
Series B Insured: NATL ST AID WITHHLDG          
3.670%, due 1/15/30(b)   640,000    515,373 
School District of Philadelphia (The), General Obligation Bonds          
Series F Insured: BAM-TCRS ST AID WITHHLDG          
5.000%, due 9/1/27   5,000    5,284 
Tulpehocken Area School District, General Obligation Bonds          
Insured: BAM          
5.250%, due 10/1/49   3,755,000    4,043,895 
Westmoreland County Municipal Authority, Revenue Bonds          
Insured: BAM          
5.000%, due 8/15/38   1,115,000    1,140,969 
         21,640,262 
Puerto Rico — 0.1%          
Puerto Rico Electric Power Authority, Revenue Bonds          
Series 2B Insured: NATL          
5.000%, due 7/1/24   25,000    25,005 
Series UU Insured: AGM          
4.266%, (0.67*3-Month SOFR + 0.52%), due 7/1/29(a)   510,000    477,131 
         502,136 
Rhode Island — 0.2%          
Rhode Island Health and Educational Building Corp., Revenue Bonds          
Series A Insured: AGM MUN GOVT GTD          
5.000%, due 5/15/25   1,000,000    1,021,706 
   Principal
Amount		   Value 
Municipal Bonds (continued)
South Carolina — 1.8%          
Inman Campobello Water District, Revenue Bonds          
Insured: BAM          
5.000%, due 6/1/48  $2,845,000   $3,108,084 
South Carolina Public Service Authority, Revenue Bonds          
Series E Insured: AGM          
5.250%, due 12/1/37   2,000,000    2,289,050 
5.750%, due 12/1/52   600,000    675,297 
Spartanburg County School District No 4, General Obligation Bonds          
Series A Insured: SCSDE          
5.000%, due 3/1/42   1,470,000    1,640,516 
         7,712,947 
South Dakota — 2.5%          
Baltic School District No 49-1, General Obligation Bonds          
Series 1 Insured: AGM          
5.250%, due 12/1/47   1,780,000    1,939,902 
5.500%, due 12/1/51   3,080,000    3,385,266 
Brookings School District No 005-1, General Obligation Bonds          
Series 1 Insured: AGM          
5.250%, due 6/15/35   500,000    599,180 
5.250%, due 6/15/38   750,000    877,146 
City of Brandon SD Water Utility Revenue, Revenue Bonds          
Insured: BAM          
4.250%, due 8/1/42   1,470,000    1,500,872 
5.500%, due 8/1/47   1,000,000    1,132,176 
De Smet School District No 38-2, General Obligation Bonds          
Series 2 Insured: BAM          
5.000%, due 8/1/47   1,300,000    1,406,751 
         10,841,293 
Tennessee — 0.1%          
Chattanooga Health Educational & Housing Facility Board, Revenue Bonds          
5.000%, due 10/1/27   550,000    559,504 
           
Texas — 16.5%          
Arlington Higher Education Finance Corp., Revenue Bonds          
Insured: PSF-GTD          
5.000%, due 8/15/42   3,190,000    3,523,555 
Belmont Fresh Water Supply District No 1, General Obligation Bonds          
Insured: BAM          
4.000%, due 3/1/40   695,000    696,890 
4.000%, due 3/1/43   2,280,000    2,250,564 
Brazoria County Municipal Utility District No 22, General Obligation Bonds          
Insured: BAM          
4.000%, due 9/1/43   800,000    778,366 
4.000%, due 9/1/44   895,000    865,271 
City of Canyon TX, General Obligation Bonds          
Insured: AGM          
5.000%, due 2/15/33   1,205,000    1,372,109 
City of Georgetown TX Utility System Revenue, Revenue Bonds          
Insured: BAM          
5.250%, due 8/15/48   960,000    1,050,402 
Comal County Water Control & Improvement District No 6, General Obligation Bonds          
Insured: AGM          
4.000%, due 9/1/46   1,880,000    1,828,842 
4.000%, due 9/1/47   1,980,000    1,910,292 


 

 

 

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

January 31, 2024 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)
Texas (continued)          
Denton Independent School District, General Obligation Bonds          
Insured: PSF-GTD          
2.000%, due 8/15/39  $3,000,000   $2,240,618 
2.000%, due 8/15/40   3,000,000    2,177,064 
Fort Bend County Municipal Utility District No 134B, General Obligation Bonds          
Insured: AGM          
6.500%, due 3/1/28   390,000    439,525 
Fort Bend County Municipal Utility District No 169, General Obligation Bonds          
Series B Insured: BAM          
4.000%, due 12/1/26   585,000    595,644 
Galveston County Municipal Utility District No 56, General Obligation Bonds          
Insured: AGM          
6.875%, due 6/1/29   625,000    734,847 
Georgetown Independent School District, General Obligation Bonds          
Insured: PSF-GTD          
2.500%, due 8/15/35   2,220,000    2,000,916 
3.000%, due 8/15/41   2,670,000    2,305,930 
Guadalupe-Blanco River Authority, Revenue Bonds          
Insured: BAM          
6.000%, due 8/15/42   1,975,000    2,286,202 
Harris County Municipal Utility District No 171, General Obligation Bonds          
Insured: BAM          
7.000%, due 12/1/28   930,000    1,082,270 
7.000%, due 12/1/29   905,000    1,081,324 
Harris County Municipal Utility District No 423, General Obligation Bonds          
Series A Insured: BAM          
5.000%, due 4/1/44   1,800,000    1,831,821 
6.000%, due 4/1/30   350,000    379,568 
6.000%, due 4/1/31   350,000    379,467 
6.000%, due 4/1/32   375,000    406,480 
Harris County Municipal Utility District No 457, General Obligation Bonds          
Insured: AGM          
4.125%, due 3/1/47   1,670,000    1,599,051 
Harris County Municipal Utility District No 489, General Obligation Bonds          
Insured: BAM          
6.000%, due 9/1/27   980,000    1,072,831 
6.000%, due 9/1/28   980,000    1,097,870 
6.000%, due 9/1/29   705,000    809,329 
Series A Insured: AGM          
6.500%, due 9/1/29   1,000,000    1,132,056 
Harris County Municipal Utility District No 490, General Obligation Bonds          
Insured: AGM          
5.000%, due 9/1/45   805,000    837,565 
5.000%, due 9/1/46   855,000    888,832 
Harris County Municipal Utility District No 536, General Obligation Bonds          
Insured: BAM          
6.000%, due 9/1/28   2,600,000    2,857,275 
Harris County Water Control & Improvement District No 158, General Obligation Bonds          
Insured: BAM          
5.000%, due 9/1/48   1,500,000    1,544,698 
7.000%, due 9/1/28   360,000    416,211 
7.000%, due 9/1/29   380,000    451,287 
Harris County-Houston Sports Authority, Revenue Bonds          
Series A3 Insured: NATL          
4.250%, due 11/15/33(b)   1,325,000    757,542 
   Principal
Amount		   Value 
Municipal Bonds (continued)
Texas (continued)          
Kaufman County Municipal Utility District No 3, General Obligation Bonds          
Insured: AGM          
5.000%, due 3/1/48  $1,560,000   $1,603,650 
5.125%, due 3/1/46   1,415,000    1,466,167 
Lazy Nine Municipal Utility District No 1B, General Obligation Bonds          
Insured: BAM          
4.125%, due 3/1/39   605,000    607,134 
Leander Municipal Utility District No 1, General Obligation Bonds          
Insured: AGM          
6.375%, due 8/15/30   1,700,000    1,891,643 
Love Field Airport Modernization Corp., Revenue Bonds          
Insured: AGM          
4.000%, due 11/1/35   3,195,000    3,246,904 
Lower Colorado River Authority, Revenue Bonds          
Insured: AGM          
5.500%, due 5/15/48   1,885,000    2,113,441 
Matagorda County Navigation District No 1, Revenue Bonds          
Series A Insured: AMBAC          
4.400%, due 5/1/30   500,000    509,779 
Montgomery County Municipal Utility District No 95, General Obligation Bonds          
Insured: BAM          
5.000%, due 9/1/41   2,000,000    2,061,820 
Montgomery County Municipal Utility District No 99, General Obligation Bonds          
Insured: AGM          
6.750%, due 9/1/29   1,550,000    1,753,793 
New Hope Cultural Education Facilities Finance Corp., Revenue Bonds          
Series B1 Insured: AGM          
4.000%, due 7/1/30   155,000    158,544 
Texas Municipal Power Agency, Revenue Bonds          
Insured: AGM          
3.000%, due 9/1/35   1,345,000    1,272,339 
Texas Public Finance Authority, Revenue Bonds          
Insured: BAM          
5.250%, due 5/1/39   600,000    661,917 
5.250%, due 5/1/42   500,000    545,493 
Texas State Technical College, Revenue Bonds          
Insured: AGM          
5.250%, due 8/1/36   1,015,000    1,177,108 
5.500%, due 8/1/42   4,000,000    4,528,175 
Williamson County Municipal Utility District No 25, General Obligation Bonds          
Insured: AGM          
4.500%, due 8/15/44   1,190,000    1,204,906 
Williamson-Liberty Hill Municipal Utility District, General Obligation Bonds          
Insured: BAM          
6.000%, due 9/1/32   1,675,000    1,867,348 
         72,352,675 
Utah — 2.3%          
City of Murray UT, Revenue Bonds          
Series A          
3.550%, due 5/15/37(a)(d)   3,000,000    3,000,000 
City of Salt Lake City UT Airport Revenue, Revenue Bonds          
Series A          
5.000%, due 7/1/47   2,660,000    2,701,772 
Series A Insured: AGM-CR          
4.000%, due 7/1/51   2,385,000    2,242,835 


 

 

 

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

January 31, 2024 (unaudited)

 

   Principal
Amount		   Value 
Municipal Bonds (continued)
Utah (continued)          
Heber Light & Power Co., Revenue Bonds          
Insured: BAM          
5.000%, due 12/15/47  $1,000,000   $1,071,854 
Vineyard Redevelopment Agency, Tax Allocation          
Insured: AGM          
5.000%, due 5/1/25   615,000    629,339 
5.000%, due 5/1/26   260,000    271,474 
         9,917,274 
Virginia — 0.2%          
City of Suffolk VA, General Obligation Bonds          
Series A Insured: ST AID WITHHLDG          
1.875%, due 2/1/38   1,330,000    1,004,447 
           
Washington — 2.1%          
Chelan County Public Utility District No 1, Revenue Bonds          
Series A Insured: NATL          
3.190%, due 6/1/24(b)   610,000    603,583 
County of King WA, General Obligation Bonds          
Series A          
2.900%, due 1/1/46(a)(d)   2,000,000    2,000,000 
County of King WA Sewer Revenue, Revenue Bonds          
Insured: AGM          
5.000%, due 1/1/47   4,000,000    4,030,298 
State of Washington, General Obligation Bonds          
Series F Insured: NATL          
3.050%, due 12/1/26(b)   3,000,000    2,753,674 
         9,387,555 
West Virginia — 0.2%          
West Virginia University, Revenue Bonds          
Series A Insured: AMBAC          
3.520%, due 4/1/25(b)   1,000,000    960,075 
           
Wisconsin — 2.1%          
City of Milwaukee WI, General Obligation Bonds          
Series N3 Insured: BAM          
5.000%, due 4/1/30   645,000    716,279 
City of Shawano WI Electric System Revenue, Revenue Bonds          
Insured: AGM          
4.500%, due 5/1/48   1,250,000    1,264,539 
4.550%, due 5/1/43   1,015,000    1,044,831 
5.000%, due 5/1/31   1,655,000    1,843,894 
Monroe School District, General Obligation Bonds          
Insured: AGM          
4.000%, due 3/1/43   2,000,000    2,019,874 
Viroqua Area School District, General Obligation Bonds          
Insured: AGM          
4.000%, due 3/1/41   1,455,000    1,467,417 
Wisconsin Center District, Revenue Bonds          
Series A Insured: BAM          
5.270%, due 12/15/37(b)   1,150,000    658,545 
         9,015,379 
Wyoming — 0.7%          
Snake River Sporting Club Improvement & Service District, General Obligation Bonds          
Series A Insured: BAM          
5.500%, due 7/15/48   1,000,000    1,080,310 
   Principal
Amount		   Value 
Municipal Bonds (continued)
Wyoming (continued)          
Sweetwater County 2023 Specific Purpose Tax Joint Powers Board, Revenue Bonds          
Insured: AGM-CR          
5.000%, due 6/15/28  $1,790,000   $1,951,567 
         3,031,877 
Total Municipal Bonds          
(Cost $418,181,390)        430,881,990 

 

   Shares   Value 
Short-Term Investment — 0.4%
Money Market Fund — 0.4%
Dreyfus Tax Exempt Cash Management, Institutional Shares, 4.02%(e)          
(Cost $1,535,869)   1,536,033    1,535,869 
           
           
Total Investments — 98.8%
(Cost $419,717,259)		        432,417,859 
Other Assets and Liabilities,
Net — 1.2%		        5,106,949 
Net Assets — 100%       $437,524,808 

 

 
(a) Variable rate securities that may be tendered back to the issuer at any time prior to maturity at par. Rate shown is the rate in effect as of January 31, 2024.
(b) The security was issued on a discount basis with no stated coupon rate. Rate shown reflects the effective yield.
(c) Less than 0.05%.
(d) Adjustable rate security with an interest rate that is not based on a published reference index and spread. The rate is based on the structure of the agreement and current market conditions.
(e) Reflects the 7-day yield at January 31, 2024.

 

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
CR - Custodial Receipts
FGIC - Financial Guaranty Insurance Co.
GTD - Guaranteed.
IBC - Insured Bond Certificate
ICC - Insured Custody Certificate
ICE LIBOR - Intercontinental Exchange London Interbank Offered Rate.
MBIA - MBIA Insurance Corp.
MUN GOVT GTD - Municipal Government Guaranteed
NATL - National Public Finance Guarantee Corp.
PSF-GTD - Permanent School Fund Guaranteed.
SCH BD GTY - School Bond Guaranty Program
SCH BD RES FD - School Board Resolution Fund
SCSDE - South Carolina Department of Education
SOFR - Secured Financing Overnight Rate
ST AID WITHHLDG - State Aid Withholding
ST INTERCEPT - State Tax Intercept
TCRS - Transferable Custodial Receipts


 

 

 

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

January 31, 2024 (unaudited)

 

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2024. 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  $—   $430,881,990   $—   $430,881,990 
Short-Term Investment:                    
Money Market Fund   1,535,869    —    —    1,535,869 
Total Investments in Securities  $1,535,869   $430,881,990   $—   $432,417,859 

 

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

 

For the period ended January 31, 2024, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.