IndexIQ

Notice About Fund Information and NAVs

Beginning on August 24, 2015, the Funds' administrator, The Bank of New York Mellon, has experienced issues with its technology systems and has not been able to timely calculate net asset value (NAV) and process information for certain of its investment company clients, including the IndexIQ Funds. As a result, there may be delays in disseminating and posting the NAVs for the Funds and portfolio holdings information for the IndexIQ ETFs. Please contact (888) 934-0777 for additional information or assistance.

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Democratizing Alternatives
Financial advisors increasingly recommend hedge funds and other alternative investments to their clients, yet the vast majority of investors lack access to these investment strategies and their many portfolio diversification benefits.
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Alpha/Beta Separation: Enhanced Asset Allocation
Sophisticated institutions recognize that optimal asset allocation can be achieved by pairing beta-generating passive index investments with non-correlated alpha investments in alternatives, such as hedge funds and private equity.
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Investment Innovation
Each of our funds is designed to offer investors a new way to access an asset class, or a potentially improved way to achieve their investment objectives.

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Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information, please call 888-934-0777 or click here to view or download a prospectus online. Read the prospectus carefully before you invest. There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results.

MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business. MainStay Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs and the principal underwriter of the mutual fund. NYLIFE Distributors LLC is located at 169 Lackawanna Ave., Parsippany, NJ 07054. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC.