Schedule of Investments ─ IQ MacKay ESG High Income ETF
January 31, 2024 (unaudited)
| Principal Amount | Value | |||||||
| Long-Term Bonds — 97.9% | ||||||||
| Corporate Bonds — 83.6% | ||||||||
| Advertising — 1.1% | ||||||||
| Lamar Media Corp. | ||||||||
| 4.000%, due 2/15/30 | $ | 352,000 | $ | 322,115 | ||||
| Outfront Media Capital LLC / Outfront Media Capital Corp. | ||||||||
| 4.250%, due 1/15/29 | 362,000 | 322,654 | ||||||
| 7.375%, due 2/15/31 | 285,000 | 298,558 | ||||||
| 943,327 | ||||||||
| Aerospace & Defense — 0.8% | ||||||||
| Spirit AeroSystems, Inc. | ||||||||
| 4.600%, due 6/15/28 | 100,000 | 85,506 | ||||||
| 9.750%, due 11/15/30 | 225,000 | 236,151 | ||||||
| TransDigm, Inc. | ||||||||
| 4.625%, due 1/15/29 | 302,000 | 282,391 | ||||||
| 6.750%, due 8/15/28 | 85,000 | 86,391 | ||||||
| 690,439 | ||||||||
| Agriculture — 0.6% | ||||||||
| Darling Ingredients, Inc. | ||||||||
| 5.250%, due 4/15/27 | 432,000 | 424,488 | ||||||
| 6.000%, due 6/15/30 | 117,000 | 116,278 | ||||||
| 540,766 | ||||||||
| Airlines — 1.8% | ||||||||
| American Airlines, Inc. | ||||||||
| 8.500%, due 5/15/29 | 380,000 | 402,805 | ||||||
| American Airlines, Inc./AAdvantage Loyalty IP Ltd. | ||||||||
| 5.500%, due 4/20/26 | 483,000 | 477,692 | ||||||
| United Airlines, Inc. | ||||||||
| 4.375%, due 4/15/26 | 202,000 | 194,858 | ||||||
| 4.625%, due 4/15/29 | 460,000 | 425,515 | ||||||
| 1,500,870 | ||||||||
| Apparel — 0.6% | ||||||||
| Hanesbrands, Inc. | ||||||||
| 4.875%, due 5/15/26 | 415,000 | 400,236 | ||||||
| PVH Corp. | ||||||||
| 4.625%, due 7/10/25 | 125,000 | 123,890 | ||||||
| 524,126 | ||||||||
| Auto Parts & Equipment — 0.9% | ||||||||
| Clarios Global LP / Clarios U.S. Finance Co. | ||||||||
| 6.250%, due 5/15/26 | 171,000 | 169,598 | ||||||
| 8.500%, due 5/15/27 | 81,000 | 80,778 | ||||||
| Dana, Inc. | ||||||||
| 4.500%, due 2/15/32 | 94,000 | 80,817 | ||||||
| Goodyear Tire & Rubber Co. (The) | ||||||||
| 5.000%, due 7/15/29 | 475,000 | 445,811 | ||||||
| 777,004 | ||||||||
| Banks — 0.5% | ||||||||
| Comerica, Inc. | ||||||||
| 5.982%, (SOFR + 2.16%), due 1/30/30(a) | 170,000 | 169,490 | ||||||
| Fifth Third Bancorp | ||||||||
| 4.772%, (SOFR + 2.13%), due 7/28/30(a) | 18,000 | 17,525 | ||||||
| Freedom Mortgage Corp. | ||||||||
| 7.625%, due 5/1/26 | 87,000 | 86,646 | ||||||
| 12.000%, due 10/1/28 | 159,000 | 174,532 | ||||||
| 448,193 | ||||||||
| Beverages — 0.1% | ||||||||
| Triton Water Holdings, Inc. | ||||||||
| 6.250%, due 4/1/29 | 130,000 | 112,087 | ||||||
| Building Materials — 1.7% | ||||||||
| Camelot Return Merger Sub, Inc. | ||||||||
| 8.750%, due 8/1/28 | 168,000 | 172,228 | ||||||
| Emerald Debt Merger Sub LLC | ||||||||
| 6.625%, due 12/15/30 | 335,000 | 338,373 | ||||||
| MIWD Holdco II LLC / MIWD Finance Corp. | ||||||||
| 5.500%, due 2/1/30 | 340,000 | 309,400 | ||||||
| Standard Industries, Inc. | ||||||||
| 4.375%, due 7/15/30 | 640,000 | 581,602 | ||||||
| 1,401,603 | ||||||||
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Chemicals — 2.7% | ||||||||
| Avient Corp. | ||||||||
| 7.125%, due 8/1/30 | $ | 317,000 | $ | 325,156 | ||||
| Innophos Holdings, Inc. | ||||||||
| 9.375%, due 2/15/28 | 522,000 | 442,395 | ||||||
| International Flavors & Fragrances, Inc. | ||||||||
| 1.832%, due 10/15/27 | 250,000 | 221,514 | ||||||
| Olin Corp. | ||||||||
| 5.000%, due 2/1/30 | 183,000 | 172,558 | ||||||
| Olympus Water U.S. Holding Corp. | ||||||||
| 4.250%, due 10/1/28 | 74,000 | 67,540 | ||||||
| Rain Carbon, Inc. | ||||||||
| 12.250%, due 9/1/29 | 363,000 | 359,355 | ||||||
| SCIH Salt Holdings, Inc. | ||||||||
| 4.875%, due 5/1/28 | 250,000 | 232,145 | ||||||
| 6.625%, due 5/1/29 | 222,000 | 201,654 | ||||||
| Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc. | ||||||||
| 5.125%, due 4/1/29 | 22,000 | 8,561 | ||||||
| WR Grace Holdings LLC | ||||||||
| 5.625%, due 8/15/29 | 257,000 | 226,605 | ||||||
| 2,257,483 | ||||||||
| Commercial Services — 6.6% | ||||||||
| ADT Security Corp. (The) | ||||||||
| 4.125%, due 8/1/29 | 304,000 | 280,533 | ||||||
| Allied Universal Holdco LLC / Allied Universal Finance Corp. | ||||||||
| 6.000%, due 6/1/29 | 251,000 | 208,403 | ||||||
| 9.750%, due 7/15/27 | 53,000 | 51,823 | ||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl | ||||||||
| 4.625%, due 6/1/28 | 635,000 | 572,176 | ||||||
| AMN Healthcare, Inc. | ||||||||
| 4.000%, due 4/15/29 | 79,000 | 71,697 | ||||||
| Aptim Corp. | ||||||||
| 7.750%, due 6/15/25 | 35,000 | 33,425 | ||||||
| Avis Budget Car Rental LLC / Avis Budget Finance, Inc. | ||||||||
| 5.375%, due 3/1/29 | 310,000 | 287,017 | ||||||
| Brink's Co. (The) | ||||||||
| 4.625%, due 10/15/27 | 71,000 | 67,425 | ||||||
| Carriage Services, Inc. | ||||||||
| 4.250%, due 5/15/29 | 75,000 | 65,063 | ||||||
| Gartner, Inc. | ||||||||
| 4.500%, due 7/1/28 | 200,000 | 190,863 | ||||||
| GTCR W-2 Merger Sub LLC | ||||||||
| 7.500%, due 1/15/31 | 200,000 | 207,764 | ||||||
| Herc Holdings, Inc. | ||||||||
| 5.500%, due 7/15/27 | 571,000 | 560,682 | ||||||
| Hertz Corp. (The) | ||||||||
| 4.625%, due 12/1/26 | 501,000 | 450,589 | ||||||
| NESCO Holdings II, Inc. | ||||||||
| 5.500%, due 4/15/29 | 93,000 | 87,177 | ||||||
| Prime Security Services Borrower LLC / Prime Finance, Inc. | ||||||||
| 3.375%, due 8/31/27 | 490,000 | 451,364 | ||||||
| Service Corp. International | ||||||||
| 3.375%, due 8/15/30 | 424,000 | 369,728 | ||||||
| Sotheby's | ||||||||
| 7.375%, due 10/15/27 | 345,000 | 331,553 | ||||||
| United Rentals North America, Inc. | ||||||||
| 4.000%, due 7/15/30 | 331,000 | 302,671 | ||||||
| Valvoline, Inc. | ||||||||
| 3.625%, due 6/15/31 | 419,000 | 358,270 | ||||||
| Wand NewCo 3, Inc. | ||||||||
| 7.625%, due 1/30/32 | 75,000 | 77,460 | ||||||
| WASH Multifamily Acquisition, Inc. | ||||||||
| 5.750%, due 4/15/26 | 510,000 | 490,273 | ||||||
| Williams Scotsman, Inc. | ||||||||
| 4.625%, due 8/15/28 | 72,000 | 68,153 | ||||||
| 5,584,109 | ||||||||
Schedule of Investments ─ IQ MacKay ESG High Income ETF (continued)
January 31, 2024 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Computers — 1.2% | ||||||||
| NCR Voyix Corp. | ||||||||
| 5.125%, due 4/15/29 | $ | 615,000 | $ | 575,411 | ||||
| Presidio Holdings, Inc. | ||||||||
| 8.250%, due 2/1/28 | 175,000 | 173,535 | ||||||
| Seagate HDD Cayman | ||||||||
| 4.091%, due 6/1/29 | 235,000 | 216,586 | ||||||
| 4.125%, due 1/15/31 | 68,000 | 60,034 | ||||||
| 8.500%, due 7/15/31 | 25,000 | 27,159 | ||||||
| 1,052,725 | ||||||||
| Cosmetics/Personal Care — 0.3% | ||||||||
| Coty, Inc. /HFC Prestige Products, Inc./HFC Prestige International U.S. LLC | ||||||||
| 6.625%, due 7/15/30 | 75,000 | 76,393 | ||||||
| Edgewell Personal Care Co. | ||||||||
| 5.500%, due 6/1/28 | 178,000 | 174,230 | ||||||
| 250,623 | ||||||||
| Distribution/Wholesale — 0.3% | ||||||||
| Verde Purchaser LLC | ||||||||
| 10.500%, due 11/30/30 | 225,000 | 232,344 | ||||||
| Diversified Financial Services — 3.5% | ||||||||
| Bread Financial Holdings, Inc. | ||||||||
| 9.750%, due 3/15/29 | 69,000 | 68,916 | ||||||
| Capital One Financial Corp. | ||||||||
| 6.051%, (SOFR + 2.26%), due 2/1/35(a) | 290,000 | 294,700 | ||||||
| Credit Acceptance Corp. | ||||||||
| 9.250%, due 12/15/28 | 245,000 | 257,252 | ||||||
| Freedom Mortgage Holdings LLC | ||||||||
| 9.250%, due 2/1/29 | 90,000 | 91,134 | ||||||
| LPL Holdings, Inc. | ||||||||
| 4.000%, due 3/15/29 | 280,000 | 258,053 | ||||||
| Nationstar Mortgage Holdings, Inc. | ||||||||
| 7.125%, due 2/1/32 | 125,000 | 123,980 | ||||||
| OneMain Finance Corp. | ||||||||
| 3.500%, due 1/15/27 | 231,000 | 211,349 | ||||||
| 6.625%, due 1/15/28 | 510,000 | 508,214 | ||||||
| 6.875%, due 3/15/25 | 179,000 | 179,671 | ||||||
| PennyMac Financial Services, Inc. | ||||||||
| 4.250%, due 2/15/29 | 140,000 | 126,912 | ||||||
| 5.375%, due 10/15/25 | 394,000 | 388,566 | ||||||
| 7.875%, due 12/15/29 | 90,000 | 92,696 | ||||||
| Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc. | ||||||||
| 3.625%, due 3/1/29(b) | 412,000 | 366,209 | ||||||
| 2,967,652 | ||||||||
| Electric — 3.3% | ||||||||
| Calpine Corp. | ||||||||
| 3.750%, due 3/1/31 | 342,000 | 297,098 | ||||||
| 4.500%, due 2/15/28 | 435,000 | 413,671 | ||||||
| 4.625%, due 2/1/29(b) | 40,000 | 36,981 | ||||||
| 5.125%, due 3/15/28 | 195,000 | 186,072 | ||||||
| Clearway Energy Operating LLC | ||||||||
| 4.750%, due 3/15/28 | 233,000 | 221,840 | ||||||
| NextEra Energy Operating Partners LP | ||||||||
| 4.250%, due 7/15/24 | 29,000 | 28,694 | ||||||
| 4.500%, due 9/15/27 | 234,000 | 219,735 | ||||||
| PG&E Corp. | ||||||||
| 5.000%, due 7/1/28 | 294,000 | 284,096 | ||||||
| Pike Corp. | ||||||||
| 8.625%, due 1/31/31 | 115,000 | 121,660 | ||||||
| Vistra Corp. | ||||||||
| 8.000%, (5 Year US CMT T-Note + 6.93%), due 4/15/72(a) | 715,000 | 712,960 | ||||||
| Vistra Operations Co. LLC | ||||||||
| 4.375%, due 5/1/29 | 262,000 | 240,570 | ||||||
| 2,763,377 | ||||||||
| Electrical Components & Equipment — 0.8% | ||||||||
| Energizer Holdings, Inc. | ||||||||
| 4.750%, due 6/15/28 | 424,000 | 394,532 | ||||||
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Electrical Components & Equipment (continued) | ||||||||
| EnerSys | ||||||||
| 6.625%, due 1/15/32 | $ | 139,000 | $ | 140,616 | ||||
| WESCO Distribution, Inc. | ||||||||
| 7.250%, due 6/15/28 | 131,000 | 134,563 | ||||||
| 669,711 | ||||||||
| Electronics — 0.7% | ||||||||
| Imola Merger Corp. | ||||||||
| 4.750%, due 5/15/29 | 441,000 | 410,637 | ||||||
| Sensata Technologies BV | ||||||||
| 4.000%, due 4/15/29 | 192,000 | 175,788 | ||||||
| 586,425 | ||||||||
| Engineering & Construction — 0.6% | ||||||||
| Artera Services LLC | ||||||||
| 9.033%, due 12/4/25 | 396,000 | 403,758 | ||||||
| Great Lakes Dredge & Dock Corp. | ||||||||
| 5.250%, due 6/1/29(b) | 124,000 | 106,644 | ||||||
| 510,402 | ||||||||
| Entertainment — 3.5% | ||||||||
| Affinity Interactive | ||||||||
| 6.875%, due 12/15/27 | 445,000 | 402,701 | ||||||
| Caesars Entertainment, Inc. | ||||||||
| 4.625%, due 10/15/29 | 284,000 | 259,609 | ||||||
| 6.250%, due 7/1/25 | 167,000 | 167,570 | ||||||
| 6.500%, due 2/15/32 | 165,000 | 166,825 | ||||||
| 8.125%, due 7/1/27 | 100,000 | 102,625 | ||||||
| Churchill Downs, Inc. | ||||||||
| 4.750%, due 1/15/28 | 393,000 | 374,308 | ||||||
| 5.750%, due 4/1/30 | 126,000 | 121,896 | ||||||
| Everi Holdings, Inc. | ||||||||
| 5.000%, due 7/15/29 | 100,000 | 91,901 | ||||||
| Light & Wonder International, Inc. | ||||||||
| 7.250%, due 11/15/29 | 158,000 | 162,249 | ||||||
| Penn Entertainment, Inc. | ||||||||
| 4.125%, due 7/1/29 | 377,000 | 322,329 | ||||||
| Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc. | ||||||||
| 6.625%, due 3/1/30 | 380,000 | 357,200 | ||||||
| WMG Acquisition Corp. | ||||||||
| 3.750%, due 12/1/29 | 182,000 | 163,991 | ||||||
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. | ||||||||
| 5.125%, due 10/1/29 | 297,000 | 280,578 | ||||||
| 2,973,782 | ||||||||
| Environmental Control — 0.8% | ||||||||
| Covanta Holding Corp. | ||||||||
| 4.875%, due 12/1/29 | 320,000 | 276,381 | ||||||
| 5.000%, due 9/1/30 | 200,000 | 170,023 | ||||||
| Waste Pro USA, Inc. | ||||||||
| 5.500%, due 2/15/26 | 262,000 | 253,802 | ||||||
| 700,206 | ||||||||
| Food — 2.8% | ||||||||
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC | ||||||||
| 4.625%, due 1/15/27 | 513,000 | 497,642 | ||||||
| 6.500%, due 2/15/28 | 320,000 | 323,474 | ||||||
| B&G Foods, Inc. | ||||||||
| 5.250%, due 9/15/27 | 238,000 | 214,665 | ||||||
| Lamb Weston Holdings, Inc. | ||||||||
| 4.875%, due 5/15/28 | 13,000 | 12,651 | ||||||
| Performance Food Group, Inc. | ||||||||
| 4.250%, due 8/1/29 | 390,000 | 357,370 | ||||||
| Post Holdings, Inc. | ||||||||
| 4.625%, due 4/15/30 | 413,000 | 379,815 | ||||||
| 5.500%, due 12/15/29 | 276,000 | 266,785 | ||||||
| US Foods, Inc. | ||||||||
| 4.625%, due 6/1/30 | 363,000 | 338,346 | ||||||
| 2,390,748 | ||||||||
Schedule of Investments ─ IQ MacKay ESG High Income ETF (continued)
January 31, 2024 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Gas — 0.1% | ||||||||
| AmeriGas Partners LP / AmeriGas Finance Corp. | ||||||||
| 9.375%, due 6/1/28 | $ | 110,000 | $ | 113,092 | ||||
| Hand/Machine Tools — 0.1% | ||||||||
| Regal Rexnord Corp. | ||||||||
| 6.050%, due 2/15/26 | 76,000 | 76,809 | ||||||
| Healthcare-Products — 0.9% | ||||||||
| Hologic, Inc. | ||||||||
| 4.625%, due 2/1/28 | 412,000 | 397,578 | ||||||
| Teleflex, Inc. | ||||||||
| 4.625%, due 11/15/27 | 340,000 | 329,844 | ||||||
| 727,422 | ||||||||
| Healthcare-Services — 4.2% | ||||||||
| Catalent Pharma Solutions, Inc. | ||||||||
| 3.125%, due 2/15/29 | 505,000 | 444,024 | ||||||
| Centene Corp. | ||||||||
| 2.500%, due 3/1/31 | 109,000 | 90,606 | ||||||
| 4.625%, due 12/15/29 | 239,000 | 228,761 | ||||||
| CHS/Community Health Systems, Inc. | ||||||||
| 5.250%, due 5/15/30 | 258,000 | 213,604 | ||||||
| 6.000%, due 1/15/29 | 343,000 | 309,911 | ||||||
| 8.000%, due 3/15/26 | 355,000 | 349,893 | ||||||
| Encompass Health Corp. | ||||||||
| 4.750%, due 2/1/30 | 321,000 | 301,055 | ||||||
| 5.750%, due 9/15/25 | 219,000 | 217,605 | ||||||
| IQVIA, Inc. | ||||||||
| 5.000%, due 5/15/27 | 96,000 | 93,824 | ||||||
| Star Parent, Inc. | ||||||||
| 9.000%, due 10/1/30 | 107,000 | 112,511 | ||||||
| Tenet Healthcare Corp. | ||||||||
| 4.250%, due 6/1/29 | 397,000 | 368,548 | ||||||
| 4.625%, due 6/15/28 | 454,000 | 430,538 | ||||||
| 6.125%, due 6/15/30 | 436,000 | 435,838 | ||||||
| 3,596,718 | ||||||||
| Home Builders — 0.5% | ||||||||
| LGI Homes, Inc. | ||||||||
| 4.000%, due 7/15/29 | 250,000 | 213,905 | ||||||
| Meritage Homes Corp. | ||||||||
| 3.875%, due 4/15/29 | 86,000 | 79,209 | ||||||
| Thor Industries, Inc. | ||||||||
| 4.000%, due 10/15/29 | 47,000 | 41,597 | ||||||
| Tri Pointe Homes, Inc. | ||||||||
| 5.700%, due 6/15/28 | 79,000 | 77,698 | ||||||
| 412,409 | ||||||||
| Housewares — 0.7% | ||||||||
| CD&R Smokey Buyer, Inc. | ||||||||
| 6.750%, due 7/15/25 | 363,000 | 355,765 | ||||||
| Newell Brands, Inc. | ||||||||
| 6.375%, due 9/15/27 | 268,000 | 263,232 | ||||||
| 618,997 | ||||||||
| Insurance — 0.5% | ||||||||
| Global Atlantic Fin Co. | ||||||||
| 4.700%, (5 Year US CMT T-Note + 3.80%), due 10/15/51(a) | 130,000 | 115,736 | ||||||
| NMI Holdings, Inc. | ||||||||
| 7.375%, due 6/1/25 | 302,000 | 305,020 | ||||||
| 420,756 | ||||||||
| Internet — 2.5% | ||||||||
| Arches Buyer, Inc. | ||||||||
| 4.250%, due 6/1/28(b) | 215,000 | 192,288 | ||||||
| 6.125%, due 12/1/28 | 481,000 | 415,493 | ||||||
| Cogent Communications Group, Inc. | ||||||||
| 3.500%, due 5/1/26 | 220,000 | 209,912 | ||||||
| Go Daddy Operating Co LLC / GD Finance Co., Inc. | ||||||||
| 3.500%, due 3/1/29 | 295,000 | 267,093 | ||||||
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Internet (continued) | ||||||||
| Match Group Holdings II LLC | ||||||||
| 4.125%, due 8/1/30 | $ | 360,000 | $ | 323,913 | ||||
| 5.625%, due 2/15/29(b) | 224,000 | 217,829 | ||||||
| Uber Technologies, Inc. | ||||||||
| 4.500%, due 8/15/29 | 518,000 | 490,308 | ||||||
| 2,116,836 | ||||||||
| Investment Companies — 0.2% | ||||||||
| Icahn Enterprises LP / Icahn Enterprises Finance Corp. | ||||||||
| 4.375%, due 2/1/29 | 96,000 | 80,228 | ||||||
| 6.250%, due 5/15/26 | 90,000 | 86,230 | ||||||
| 166,458 | ||||||||
| Iron/Steel — 0.2% | ||||||||
| TMS International Corp. | ||||||||
| 6.250%, due 4/15/29 | 147,000 | 126,429 | ||||||
| Leisure Time — 3.2% | ||||||||
| Acushnet Co. | ||||||||
| 7.375%, due 10/15/28 | 75,000 | 78,005 | ||||||
| Carnival Corp. | ||||||||
| 5.750%, due 3/1/27 | 239,000 | 235,463 | ||||||
| 6.000%, due 5/1/29 | 455,000 | 440,703 | ||||||
| NCL Corp., Ltd. | ||||||||
| 5.875%, due 3/15/26 | 382,000 | 372,477 | ||||||
| 5.875%, due 2/15/27 | 174,000 | 171,424 | ||||||
| 7.750%, due 2/15/29 | 211,000 | 213,046 | ||||||
| 8.375%, due 2/1/28 | 305,000 | 320,219 | ||||||
| Royal Caribbean Cruises Ltd. | ||||||||
| 9.250%, due 1/15/29 | 410,000 | 440,391 | ||||||
| Viking Cruises Ltd. | ||||||||
| 5.875%, due 9/15/27 | 170,000 | 163,849 | ||||||
| 9.125%, due 7/15/31 | 254,000 | 271,780 | ||||||
| 2,707,357 | ||||||||
| Lodging — 1.1% | ||||||||
| Boyd Gaming Corp. | ||||||||
| 4.750%, due 12/1/27 | 317,000 | 306,222 | ||||||
| Hilton Domestic Operating Co., Inc. | ||||||||
| 4.000%, due 5/1/31 | 582,000 | 523,106 | ||||||
| Station Casinos LLC | ||||||||
| 4.625%, due 12/1/31 | 98,000 | 87,955 | ||||||
| 917,283 | ||||||||
| Machinery-Diversified — 0.3% | ||||||||
| Chart Industries, Inc. | ||||||||
| 7.500%, due 1/1/30 | 24,000 | 24,637 | ||||||
| GrafTech Finance, Inc. | ||||||||
| 4.625%, due 12/15/28 | 350,000 | 231,745 | ||||||
| 256,382 | ||||||||
| Media — 7.7% | ||||||||
| Cable One, Inc. | ||||||||
| 4.000%, due 11/15/30 | 301,000 | 242,305 | ||||||
| CCO Holdings LLC / CCO Holdings Capital Corp. | ||||||||
| 4.250%, due 2/1/31 | 374,000 | 316,234 | ||||||
| 4.250%, due 1/15/34 | 188,000 | 149,479 | ||||||
| 4.500%, due 8/15/30 | 306,000 | 266,116 | ||||||
| 4.500%, due 5/1/32 | 485,000 | 404,616 | ||||||
| 4.750%, due 3/1/30 | 900,000 | 799,747 | ||||||
| 6.375%, due 9/1/29 | 255,000 | 248,284 | ||||||
| CSC Holdings LLC | ||||||||
| 4.625%, due 12/1/30 | 401,000 | 204,963 | ||||||
| 5.250%, due 6/1/24 | 181,000 | 180,765 | ||||||
| 5.500%, due 4/15/27 | 176,000 | 158,133 | ||||||
| 5.750%, due 1/15/30 | 510,000 | 269,938 | ||||||
| 11.250%, due 5/15/28 | 410,000 | 415,443 | ||||||
| Directv Financing LLC | ||||||||
| 8.875%, due 2/1/30 | 60,000 | 61,203 | ||||||
| Directv Financing LLC / Directv Financing Co.-Obligor, Inc. | ||||||||
| 5.875%, due 8/15/27 | 667,000 | 634,111 | ||||||
Schedule of Investments ─ IQ MacKay ESG High Income ETF (continued)
January 31, 2024 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Media (continued) | ||||||||
| DISH DBS Corp. | ||||||||
| 5.750%, due 12/1/28 | $ | 75,000 | $ | 50,454 | ||||
| 7.375%, due 7/1/28 | 245,000 | 107,800 | ||||||
| DISH Network Corp. | ||||||||
| 11.750%, due 11/15/27 | 171,000 | 178,474 | ||||||
| iHeartCommunications, Inc. | ||||||||
| 6.375%, due 5/1/26 | 445,000 | 382,190 | ||||||
| Nexstar Media, Inc. | ||||||||
| 4.750%, due 11/1/28 | 436,000 | 399,358 | ||||||
| 5.625%, due 7/15/27 | 162,000 | 157,773 | ||||||
| Sirius XM Radio, Inc. | ||||||||
| 3.875%, due 9/1/31 | 84,000 | 70,031 | ||||||
| 4.000%, due 7/15/28 | 382,000 | 346,897 | ||||||
| 4.125%, due 7/1/30(b) | 90,000 | 78,750 | ||||||
| TEGNA, Inc. | ||||||||
| 4.625%, due 3/15/28 | 95,000 | 88,607 | ||||||
| Univision Communications, Inc. | ||||||||
| 4.500%, due 5/1/29(b) | 199,000 | 176,836 | ||||||
| 6.625%, due 6/1/27 | 148,000 | 146,399 | ||||||
| 6,534,906 | ||||||||
| Mining — 0.8% | ||||||||
| Arsenal AIC Parent LLC | ||||||||
| 8.000%, due 10/1/30 | 155,000 | 161,675 | ||||||
| Novelis Corp. | ||||||||
| 3.250%, due 11/15/26 | 102,000 | 95,505 | ||||||
| 3.875%, due 8/15/31 | 138,000 | 119,692 | ||||||
| 4.750%, due 1/30/30 | 352,000 | 326,479 | ||||||
| 703,351 | ||||||||
| Miscellaneous Manufacturing — 0.4% | ||||||||
| Gates Global LLC / Gates Corp. | ||||||||
| 6.250%, due 1/15/26 | 302,000 | 302,030 | ||||||
| Office/Business Equipment — 0.6% | ||||||||
| Xerox Corp. | ||||||||
| 3.800%, due 5/15/24 | 397,000 | 391,541 | ||||||
| Xerox Holdings Corp. | ||||||||
| 5.500%, due 8/15/28 | 114,000 | 103,860 | ||||||
| 495,401 | ||||||||
| Oil & Gas — 5.9% | ||||||||
| Aethon United BR LP / Aethon United Finance Corp. | ||||||||
| 8.250%, due 2/15/26 | 367,000 | 363,814 | ||||||
| Ascent Resources Utica Holdings LLC / ARU Finance Corp. | ||||||||
| 7.000%, due 11/1/26 | 347,000 | 346,797 | ||||||
| 8.250%, due 12/31/28 | 170,000 | 173,890 | ||||||
| Callon Petroleum Co. | ||||||||
| 8.000%, due 8/1/28 | 81,000 | 83,776 | ||||||
| CNX Resources Corp. | ||||||||
| 6.000%, due 1/15/29 | 88,000 | 85,030 | ||||||
| 7.250%, due 3/14/27 | 212,000 | 212,619 | ||||||
| HF Sinclair Corp. | ||||||||
| 6.375%, due 4/15/27 | 174,000 | 174,727 | ||||||
| Hilcorp Energy I LP / Hilcorp Finance Co. | ||||||||
| 5.750%, due 2/1/29 | 410,000 | 395,788 | ||||||
| 6.000%, due 2/1/31 | 290,000 | 278,412 | ||||||
| Moss Creek Resources Holdings, Inc. | ||||||||
| 7.500%, due 1/15/26 | 393,000 | 391,539 | ||||||
| 10.500%, due 5/15/27 | 72,000 | 74,091 | ||||||
| Occidental Petroleum Corp. | ||||||||
| 7.500%, due 5/1/31 | 81,000 | 90,188 | ||||||
| 8.875%, due 7/15/30 | 112,000 | 131,297 | ||||||
| Patterson-UTI Energy, Inc. | ||||||||
| 7.150%, due 10/1/33 | 331,000 | 353,696 | ||||||
| Permian Resources Operating LLC | ||||||||
| 7.000%, due 1/15/32 | 229,000 | 236,420 | ||||||
| Range Resources Corp. | ||||||||
| 4.750%, due 2/15/30 | 76,000 | 70,680 | ||||||
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Oil & Gas (continued) | ||||||||
| Sitio Royalties Operating Partnership LP / Sitio Finance Corp. | ||||||||
| 7.875%, due 11/1/28 | $ | 171,000 | $ | 175,356 | ||||
| Southwestern Energy Co. | ||||||||
| 4.750%, due 2/1/32 | 250,000 | 231,559 | ||||||
| 5.375%, due 3/15/30 | 437,000 | 422,306 | ||||||
| Sunoco LP / Sunoco Finance Corp. | ||||||||
| 5.875%, due 3/15/28 | 312,000 | 310,055 | ||||||
| Transocean Titan Financing Ltd. | ||||||||
| 8.375%, due 2/1/28 | 151,000 | 156,071 | ||||||
| Vital Energy, Inc. | ||||||||
| 7.750%, due 7/31/29 | 281,000 | 277,732 | ||||||
| 5,035,843 | ||||||||
| Oil & Gas Services — 1.0% | ||||||||
| Archrock Partners LP / Archrock Partners Finance Corp. | ||||||||
| 6.875%, due 4/1/27 | 424,000 | 425,060 | ||||||
| Kodiak Gas Services LLC | ||||||||
| 7.250%, due 2/15/29 | 120,000 | 121,435 | ||||||
| USA Compression Partners LP / USA Compression Finance Corp. | ||||||||
| 6.875%, due 4/1/26 | 112,000 | 111,342 | ||||||
| 6.875%, due 9/1/27 | 148,000 | 147,897 | ||||||
| 805,734 | ||||||||
| Packaging & Containers — 1.8% | ||||||||
| Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. | ||||||||
| 4.125%, due 8/15/26 | 95,000 | 85,328 | ||||||
| 5.250%, due 8/15/27 | 283,000 | 211,537 | ||||||
| Ball Corp. | ||||||||
| 6.000%, due 6/15/29 | 210,000 | 211,840 | ||||||
| 6.875%, due 3/15/28 | 97,000 | 100,169 | ||||||
| Mauser Packaging Solutions Holding Co. | ||||||||
| 9.250%, due 4/15/27 | 146,000 | 140,927 | ||||||
| Owens-Brockway Glass Container, Inc. | ||||||||
| 6.375%, due 8/15/25 | 353,000 | 352,353 | ||||||
| Sealed Air Corp. | ||||||||
| 5.500%, due 9/15/25 | 253,000 | 253,342 | ||||||
| Sealed Air Corp/Sealed Air Corp. U.S. | ||||||||
| 6.125%, due 2/1/28 | 25,000 | 25,089 | ||||||
| 7.250%, due 2/15/31 | 180,000 | 188,179 | ||||||
| 1,568,764 | ||||||||
| Pharmaceuticals — 1.2% | ||||||||
| Bausch Health Cos., Inc. | ||||||||
| 5.500%, due 11/1/25 | 122,000 | 112,117 | ||||||
| Elanco Animal Health, Inc. | ||||||||
| 6.650%, due 8/28/28 | 413,000 | 419,195 | ||||||
| PRA Health Sciences, Inc. | ||||||||
| 2.875%, due 7/15/26 | 445,000 | 415,679 | ||||||
| Viatris, Inc. | ||||||||
| 2.300%, due 6/22/27 | 100,000 | 91,085 | ||||||
| 1,038,076 | ||||||||
| Pipelines — 3.5% | ||||||||
| DT Midstream, Inc. | ||||||||
| 4.125%, due 6/15/29 | 140,000 | 128,625 | ||||||
| EnLink Midstream LLC | ||||||||
| 5.625%, due 1/15/28 | 413,000 | 408,216 | ||||||
| EQM Midstream Partners LP | ||||||||
| 4.750%, due 1/15/31 | 121,000 | 112,798 | ||||||
| 5.500%, due 7/15/28 | 258,000 | 255,651 | ||||||
| 7.500%, due 6/1/30 | 203,000 | 217,723 | ||||||
| Genesis Energy LP / Genesis Energy Finance Corp. | ||||||||
| 7.750%, due 2/1/28 | 220,000 | 220,587 | ||||||
| Howard Midstream Energy Partners LLC | ||||||||
| 8.875%, due 7/15/28 | 165,000 | 173,294 | ||||||
| NGPL PipeCo LLC | ||||||||
| 7.768%, due 12/15/37 | 125,000 | 140,757 | ||||||
| Venture Global Calcasieu Pass LLC | ||||||||
| 3.875%, due 8/15/29 | 447,000 | 399,512 | ||||||
Schedule of Investments ─ IQ MacKay ESG High Income ETF (continued)
January 31, 2024 (unaudited)
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Pipelines (continued) | ||||||||
| 6.250%, due 1/15/30 | $ | 60,000 | $ | 60,048 | ||||
| Venture Global LNG, Inc. | ||||||||
| 8.375%, due 6/1/31 | 647,000 | 653,364 | ||||||
| 9.500%, due 2/1/29 | 164,000 | 174,174 | ||||||
| 2,944,749 | ||||||||
| REITS — 3.7% | ||||||||
| American Tower Corp. | ||||||||
| 2.100%, due 6/15/30 | 150,000 | 125,985 | ||||||
| Iron Mountain Information Management Services, Inc. | ||||||||
| 5.000%, due 7/15/32 | 95,000 | 85,677 | ||||||
| Iron Mountain, Inc. | ||||||||
| 4.500%, due 2/15/31 | 273,000 | 244,784 | ||||||
| 5.250%, due 7/15/30 | 355,000 | 334,838 | ||||||
| 5.625%, due 7/15/32 | 293,000 | 275,161 | ||||||
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer | ||||||||
| 4.875%, due 5/15/29 | 337,000 | 308,776 | ||||||
| RHP Hotel Properties LP / RHP Finance Corp. | ||||||||
| 7.250%, due 7/15/28 | 175,000 | 180,391 | ||||||
| SBA Communications Corp. | ||||||||
| 3.125%, due 2/1/29 | 404,000 | 360,058 | ||||||
| 3.875%, due 2/15/27 | 342,000 | 326,378 | ||||||
| Service Properties Trust | ||||||||
| 8.625%, due 11/15/31 | 110,000 | 116,632 | ||||||
| Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC | ||||||||
| 10.500%, due 2/15/28(b) | 497,000 | 505,922 | ||||||
| VICI Properties LP / VICI Note Co., Inc. | ||||||||
| 4.250%, due 12/1/26 | 182,000 | 175,221 | ||||||
| XHR LP | ||||||||
| 4.875%, due 6/1/29 | 84,000 | 77,474 | ||||||
| 3,117,297 | ||||||||
| Retail — 4.3% | ||||||||
| Arko Corp. | ||||||||
| 5.125%, due 11/15/29 | 62,000 | 54,641 | ||||||
| Asbury Automotive Group, Inc. | ||||||||
| 4.750%, due 3/1/30 | 391,000 | 361,798 | ||||||
| Bath & Body Works, Inc. | ||||||||
| 6.950%, due 3/1/33 | 192,000 | 188,915 | ||||||
| Ferrellgas LP / Ferrellgas Finance Corp. | ||||||||
| 5.875%, due 4/1/29 | 308,000 | 301,834 | ||||||
| Group 1 Automotive, Inc. | ||||||||
| 4.000%, due 8/15/28 | 382,000 | 352,169 | ||||||
| LCM Investments Holdings II LLC | ||||||||
| 4.875%, due 5/1/29 | 100,000 | 90,120 | ||||||
| 8.250%, due 8/1/31 | 110,000 | 112,897 | ||||||
| Lithia Motors, Inc. | ||||||||
| 3.875%, due 6/1/29 | 35,000 | 31,413 | ||||||
| 4.375%, due 1/15/31 | 384,000 | 344,316 | ||||||
| Macy's Retail Holdings LLC | ||||||||
| 6.125%, due 3/15/32 | 139,000 | 131,160 | ||||||
| Michaels Cos., Inc. (The) | ||||||||
| 5.250%, due 5/1/28 | 60,000 | 47,128 | ||||||
| 7.875%, due 5/1/29 | 84,000 | 53,726 | ||||||
| NMG Holding Co., Inc. / Neiman Marcus Group LLC | ||||||||
| 7.125%, due 4/1/26 | 75,000 | 73,126 | ||||||
| Nordstrom, Inc. | ||||||||
| 4.375%, due 4/1/30 | 103,000 | 89,371 | ||||||
| QVC, Inc. | ||||||||
| 4.850%, due 4/1/24 | 306,000 | 304,382 | ||||||
| Sonic Automotive, Inc. | ||||||||
| 4.625%, due 11/15/29 | 284,000 | 257,251 | ||||||
| 4.875%, due 11/15/31 | 62,000 | 53,811 | ||||||
| White Cap Buyer LLC | ||||||||
| 6.875%, due 10/15/28 | 30,000 | 29,365 | ||||||
| Yum! Brands, Inc. | ||||||||
| 3.625%, due 3/15/31 | 209,000 | 184,450 | ||||||
| Principal Amount | Value | |||||||
| Corporate Bonds (continued) | ||||||||
| Retail (continued) | ||||||||
| 4.625%, due 1/31/32 | $ | 316,000 | $ | 293,125 | ||||
| 5.375%, due 4/1/32 | 304,000 | 295,653 | ||||||
| 3,650,651 | ||||||||
| Semiconductors — 0.4% | ||||||||
| Entegris, Inc. | ||||||||
| 4.375%, due 4/15/28 | 368,000 | 347,054 | ||||||
| Software — 1.0% | ||||||||
| Cloud Software Group, Inc. | ||||||||
| 6.500%, due 3/31/29 | 486,000 | 453,794 | ||||||
| PTC, Inc. | ||||||||
| 3.625%, due 2/15/25 | 157,000 | 154,119 | ||||||
| 4.000%, due 2/15/28 | 298,000 | 281,238 | ||||||
| 889,151 | ||||||||
| Telecommunications — 1.0% | ||||||||
| CommScope, Inc. | ||||||||
| 4.750%, due 9/1/29 | 181,000 | 119,663 | ||||||
| 8.250%, due 3/1/27 | 162,000 | 71,003 | ||||||
| Level 3 Financing, Inc. | ||||||||
| 3.750%, due 7/15/29 | 258,000 | 73,530 | ||||||
| 10.500%, due 5/15/30 | 320,000 | 318,400 | ||||||
| Sprint Capital Corp. | ||||||||
| 8.750%, due 3/15/32 | 218,000 | 267,216 | ||||||
| 849,812 | ||||||||
| Transportation — 0.5% | ||||||||
| First Student Bidco, Inc. / First Transit Parent, Inc. | ||||||||
| 4.000%, due 7/31/29 | 438,000 | 385,545 | ||||||
| Trucking & Leasing — 0.1% | ||||||||
| Fortress Transportation and Infrastructure Investors LLC | ||||||||
| 6.500%, due 10/1/25 | 108,000 | 107,856 | ||||||
| Total Corporate Bonds | ||||||||
| (Cost $68,752,197) | 70,911,170 | |||||||
| Foreign Bonds — 14.3% | ||||||||
| Aerospace & Defense — 1.1% | ||||||||
| Bombardier, Inc., (Canada) | ||||||||
| 6.000%, due 2/15/28 | 486,000 | 473,487 | ||||||
| 7.500%, due 2/1/29 | 452,000 | 460,705 | ||||||
| 934,192 | ||||||||
| Airlines — 0.6% | ||||||||
| Air Canada 2020-1 Class C Pass Through Trust, (Canada) | ||||||||
| Series 2020-1C, 10.500%, due 7/15/26 | 455,000 | 493,675 | ||||||
| Banks — 1.2% | ||||||||
| Intesa Sanpaolo SpA, (Italy) | ||||||||
| 5.017%, due 6/26/24 | 155,000 | 154,022 | ||||||
| 5.710%, due 1/15/26 | 373,000 | 371,738 | ||||||
| UniCredit SpA, (Italy) | ||||||||
| 7.296%, (USD 5 Year Swap + 4.91%), due 4/2/34(a) | 495,000 | 511,984 | ||||||
| 1,037,744 | ||||||||
| Beverages — 0.5% | ||||||||
| Primo Water Holdings, Inc., (Canada) | ||||||||
| 4.375%, due 4/30/29 | 422,000 | 384,190 | ||||||
| Chemicals — 0.9% | ||||||||
| INEOS Finance PLC, (Luxembourg) | ||||||||
| 6.750%, due 5/15/28 | 343,000 | 335,429 | ||||||
| SNF Group SACA, (France) | ||||||||
| 3.125%, due 3/15/27 | 469,000 | 433,083 | ||||||
| 768,512 | ||||||||
Schedule of Investments ─ IQ MacKay ESG High Income ETF (continued)
January 31, 2024 (unaudited)
| Principal Amount | Value | |||||||
| Foreign Bonds (continued) | ||||||||
| Commercial Services — 0.3% | ||||||||
| Garda World Security Corp., (Canada) | ||||||||
| 4.625%, due 2/15/27 | $ | 88,000 | $ | 83,160 | ||||
| 9.500%, due 11/1/27 | 169,000 | 170,020 | ||||||
| 253,180 | ||||||||
| Distribution/Wholesale — 0.0%(c) | ||||||||
| Ritchie Bros Holdings, Inc., (Canada) | ||||||||
| 7.750%, due 3/15/31 | 15,000 | 15,807 | ||||||
| Diversified Financial Services — 0.1% | ||||||||
| Antares Holdings LP, (Canada) | ||||||||
| 7.950%, due 8/11/28 | 50,000 | 52,508 | ||||||
| Environmental Control — 0.6% | ||||||||
| GFL Environmental, Inc., (Canada) | ||||||||
| 3.750%, due 8/1/25 | 241,000 | 234,397 | ||||||
| 6.750%, due 1/15/31 | 240,000 | 245,467 | ||||||
| 479,864 | ||||||||
| Forest Products & Paper — 0.4% | ||||||||
| Ahlstrom Holding 3 Oy, (Finland) | ||||||||
| 4.875%, due 2/4/28 | 383,000 | 343,408 | ||||||
| Home Builders — 0.3% | ||||||||
| Mattamy Group Corp., (Canada) | ||||||||
| 5.250%, due 12/15/27 | 238,000 | 229,640 | ||||||
| Household Products/Wares — 0.6% | ||||||||
| Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc., (Canada) | ||||||||
| 5.000%, due 12/31/26 | 115,000 | 111,160 | ||||||
| 7.000%, due 12/31/27 | 420,000 | 410,055 | ||||||
| 521,215 | ||||||||
| Iron/Steel — 0.4% | ||||||||
| Mineral Resources Ltd., (Australia) | ||||||||
| 9.250%, due 10/1/28 | 325,000 | 343,281 | ||||||
| Machinery-Diversified — 0.4% | ||||||||
| TK Elevator U.S. Newco, Inc., (Germany) | ||||||||
| 5.250%, due 7/15/27 | 323,000 | 311,441 | ||||||
| Media — 2.0% | ||||||||
| Altice Financing SA, (Luxembourg) | ||||||||
| 5.000%, due 1/15/28 | 57,000 | 51,222 | ||||||
| 5.750%, due 8/15/29 | 97,000 | 84,533 | ||||||
| Sunrise FinCo I BV, (Netherlands) | ||||||||
| 4.875%, due 7/15/31 | 344,000 | 301,852 | ||||||
| Virgin Media Finance PLC, (United Kingdom) | ||||||||
| 5.000%, due 7/15/30 | 98,000 | 87,525 | ||||||
| Virgin Media Secured Finance PLC, (United Kingdom) | ||||||||
| 5.500%, due 5/15/29 | 465,000 | 447,240 | ||||||
| Virgin Media Vendor Financing Notes IV DAC, (United Kingdom) | ||||||||
| 5.000%, due 7/15/28 | 79,000 | 74,367 | ||||||
| VZ Secured Financing BV, (Netherlands) | ||||||||
| 5.000%, due 1/15/32 | 359,000 | 313,835 | ||||||
| Ziggo Bond Co. BV, (Netherlands) | ||||||||
| 5.125%, due 2/28/30 | 83,000 | 70,024 | ||||||
| Ziggo BV, (Netherlands) | ||||||||
| 4.875%, due 1/15/30 | 331,000 | 295,950 | ||||||
| 1,726,548 | ||||||||
| Oil & Gas — 0.2% | ||||||||
| Borr IHC Ltd. / Borr Finance LLC, (Mexico) | ||||||||
| 10.000%, due 11/15/28 | 125,000 | 129,339 | ||||||
| Principal Amount | Value | |||||||
| Foreign Bonds (continued) | ||||||||
| Packaging & Containers — 0.2% | ||||||||
| Cascades, Inc. /Cascades USA, Inc., (Canada) | ||||||||
| 5.375%, due 1/15/28 | $ | 210,000 | $ | 205,379 | ||||
| Pharmaceuticals — 0.3% | ||||||||
| Teva Pharmaceutical Finance Netherlands III BV, (Israel) | ||||||||
| 5.125%, due 5/9/29 | 280,000 | 269,900 | ||||||
| Retail — 1.0% | ||||||||
| 1011778 BC ULC / New Red Finance, Inc., (Canada) | ||||||||
| 3.500%, due 2/15/29 | 311,000 | 284,573 | ||||||
| 4.000%, due 10/15/30 | 662,000 | 591,689 | ||||||
| 876,262 | ||||||||
| Software — 0.6% | ||||||||
| Open Text Corp., (Canada) | ||||||||
| 3.875%, due 12/1/29 | 569,000 | 513,168 | ||||||
| Telecommunications — 2.6% | ||||||||
| Altice France Holding SA, (Luxembourg) | ||||||||
| 10.500%, due 5/15/27 | 88,000 | 50,568 | ||||||
| Altice France SA, (France) | ||||||||
| 5.125%, due 7/15/29 | 68,000 | 49,714 | ||||||
| 5.500%, due 1/15/28 | 368,000 | 287,321 | ||||||
| 8.125%, due 2/1/27 | 191,000 | 170,718 | ||||||
| Iliad Holding SASU, (France) | ||||||||
| 6.500%, due 10/15/26 | 495,000 | 485,227 | ||||||
| Telecom Italia Capital SA, (Italy) | ||||||||
| 7.721%, due 6/4/38 | 232,000 | 239,443 | ||||||
| Telecom Italia SpA, (Italy) | ||||||||
| 5.303%, due 5/30/24 | 150,000 | 149,146 | ||||||
| Vmed O2 UK Financing I PLC, (United Kingdom) | ||||||||
| 4.750%, due 7/15/31 | 454,000 | 406,880 | ||||||
| Vodafone Group PLC, (United Kingdom) | ||||||||
| 7.000%, (USD 5 Year Swap + 4.87%), due 4/4/79(a) | 364,000 | 376,162 | ||||||
| 2,215,179 | ||||||||
| Total Foreign Bonds | ||||||||
| (Cost $11,556,082) | 12,104,432 | |||||||
| Shares | Value | |||||||
| Short-Term Investments — 1.7% | ||||||||
| Money Market Funds — 1.7% | ||||||||
| BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 5.21%(d) | 1,126,503 | 1,126,503 | ||||||
| Dreyfus Government Cash Management Fund, Institutional Shares, 5.22%(d)(e) | 342,320 | 342,320 | ||||||
| Total Short-Term Investments | ||||||||
| (Cost $1,468,823) | 1,468,823 | |||||||
| Total Investments — 99.6% (Cost $81,777,102) | 84,484,425 | |||||||
| Other Assets and Liabilities, Net — 0.4% | 376,707 | |||||||
| Net Assets — 100% | $ | 84,861,132 | ||||||
| (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. |
Schedule of Investments ─ IQ MacKay ESG High Income ETF (continued)
January 31, 2024 (unaudited)
| (b) | All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $1,541,694; total market value of collateral held by the Fund was $1,646,955. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $1,304,635. |
| (c) | Less than 0.05%. |
| (d) | Reflects the 7-day yield at January 31, 2024. |
| (e) | Represents security purchased with cash collateral received for securities on loan. |
| Abbreviations | |
| CMT | - Constant Maturity Treasury Index |
| SOFR | - Secured Financing Overnight Rate |
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:(f) | ||||||||||||||||
| Corporate Bonds | $ | — | $ | 70,911,170 | $ | — | $ | 70,911,170 | ||||||||
| Foreign Bonds | — | 12,104,432 | — | 12,104,432 | ||||||||||||
| Short-Term Investments: | ||||||||||||||||
| Money Market Funds | 1,468,823 | — | — | 1,468,823 | ||||||||||||
| Total Investments in Securities | $ | 1,468,823 | $ | 83,015,602 | $ | — | $ | 84,484,425 | ||||||||
| (f) | For a complete listing of investments and their industries, 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. (See Note 2)