IndexIQ

IQ Hedge Multi-Strategy Tracker ETF

The IQ Hedge Multi-Strategy Tracker ETF seeks to track, before fees and expenses, the performance of the IQ Hedge Multi-Strategy Index. The Index attempts to replicate the risk-adjusted return characteristics of hedge funds using various hedge fund investment styles, including long/short equity, global macro, market neutral, event-driven, fixed income arbitrage and emerging markets.

Pricing(as of 09/18/2014)

Share Price $29.98
Change $0.05
Change % 0.17%
NAV $29.98
Change $-0.02
Change % -0.07%
   
Bid/Ask  
Mid-Point $29.99
Premium/Discount 0.02%
   

Premium/discount charts

Performance

  • Month-End
  • Quarter-End

as of 08/31/2014

Index History (%)

1
Month
3
Month
YTD 1
Year
3
Year
5
Year
Since
Inception*

IQ Hedge Multi-Strategy Index

1.99 1.90 5.05 10.58 5.32 4.65 5.44

Fund History (%)

1
Month
3
Month
YTD 1
Year
3
Year
5
Year
Since
Inception*

IQ Hedge Multi-Strategy Tracker ETF (NAV)

1.86 1.52 4.15 9.36 4.38 3.97 4.66

IQ Hedge Multi-Strategy Tracker ETF (Price)

1.89 1.51 4.11 9.35 4.35 3.96 4.67

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Index performance is for illustrative purposes only and does not represent actual Fund performance. One cannot invest directly in an index. Performance data for the Index assumes reinvestment of dividends and is net of the management fees for the Index's components, as applicable, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly.

The IQ Hedge Multi-Strategy Index is comprised solely of ETFs. The Index does not include hedge funds as components. Returns presented are net of underlying ETF fees, but do not reflect the deduction of management fees, taxes and other expenses.

Returns less than 1 year are cumulative; all other returns are annualized.

* Fund Inception Date: March 25, 2009. The Index and Fund performance since inception in the table above is based on the Fund inception date. The Index inception date is September 15, 2008.

1 As stated in the Fund's prospectus, the management fee is 0.75% and the Total Annual Fund Operating Expenses is 0.91%, which includes (i) other Fund expenses and (ii) the Fund's pro rata share of fees and expenses incurred indirectly as a result of investing in other funds, including ETFs and money market funds. This amount will vary over time due to changes in the underlying ETF fees and expenses and the constitution of the Index.

2 IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.


The IQ Hedge Multi-Strategy Index is the exclusive property of IndexIQ which has contracted with Structured Solutions to maintain and calculate the Index.

IndexIQ shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00 pm ET net asset value (NAV). Market price returns reflect the share price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

There are differences between investing in bonds and investing in liquid alternative ETFs. A bond is a debt instrument in which an investor loans money to a corporate or government entity that borrows the funds for a specified period of time at a fixed interest rate. Investors typically receive interest on the bonds when they mature. Bond funds hold a portfolio of bonds and can differ widely in strategies, ranging from U.S. Treasuries to high yields, from long-term to short-term. By contract, liquid alternative ETFs typically hold many non-bond securities, but provide investors with many of the same attributes as bond investing, such as dividend yield, lower volatility, and tax efficiency in terms of reduced capital gains distributions.


as of 06/30/2014

Index History (%)

Quarter
YTD
1
Year
3
Year
5
Year
Since
Inception*

IQ Hedge Multi-Strategy Index

3.04 4.19 10.95 4.98 4.74 5.45

Fund History (%)

Quarter
YTD
1
Year
3
Year
5
Year
Since
Inception*

IQ Hedge Multi-Strategy Tracker ETF (NAV)

2.64 3.56 9.81 4.19 4.09 4.70

IQ Hedge Multi-Strategy Tracker ETF (Price)

2.78 3.52 9.76 4.16 4.10 4.71

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Index performance is for illustrative purposes only and does not represent actual Fund performance. One cannot invest directly in an index. Performance data for the Index assumes reinvestment of dividends and is net of the management fees for the Index's components, as applicable, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly.

The IQ Hedge Multi-Strategy Index is comprised solely of ETFs. The Index does not include hedge funds as components. Returns presented are net of underlying ETF fees, but do not reflect the deduction of management fees, taxes and other expenses.

Returns less than 1 year are cumulative; all other returns are annualized.

* Fund Inception Date: March 25, 2009. The Index and Fund performance since inception in the table above is based on the Fund inception date. The Index inception date is September 15, 2008.

1 As stated in the Fund's prospectus, the management fee is 0.75% and the Total Annual Fund Operating Expenses is 0.91%, which includes (i) other Fund expenses and (ii) the Fund's pro rata share of fees and expenses incurred indirectly as a result of investing in other funds, including ETFs and money market funds. This amount will vary over time due to changes in the underlying ETF fees and expenses and the constitution of the Index.

2 IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.


The IQ Hedge Multi-Strategy Index is the exclusive property of IndexIQ which has contracted with Structured Solutions to maintain and calculate the Index.

IndexIQ shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00 pm ET net asset value (NAV). Market price returns reflect the share price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

There are differences between investing in bonds and investing in liquid alternative ETFs. A bond is a debt instrument in which an investor loans money to a corporate or government entity that borrows the funds for a specified period of time at a fixed interest rate. Investors typically receive interest on the bonds when they mature. Bond funds hold a portfolio of bonds and can differ widely in strategies, ranging from U.S. Treasuries to high yields, from long-term to short-term. By contract, liquid alternative ETFs typically hold many non-bond securities, but provide investors with many of the same attributes as bond investing, such as dividend yield, lower volatility, and tax efficiency in terms of reduced capital gains distributions.

Top Holdings(as of 09/19/2014)

Name Weight  
VANGUARD TOTAL BOND MARKET 15.63 %
VANGUARD SHORT-TERM BOND ETF 13.73 %
ISHARES CORE U.S. AGGREGATE 8.36 %
POWERSHARES SENIOR LOAN 7.86 %
ISHARES RUSSELL 2000 GROWTH 5.87 %
ALL HOLDINGS *Holdings are subject to change without notice.

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 1-888-934-0777 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.

IndexIQ ETFs are distributed by ALPS Distributors, Inc. (ALPS). ALPS is not affiliated with IndexIQ or Schwab.