IndexIQ

IQ Hedge Market Neutral Tracker ETF

The IQ Hedge Market Neutral Tracker ETF seeks to track, before fees and expenses, the performance of the IQ Hedge Market Neutral Index. Market Neutral hedge funds typically invest in both long and short positions in asset classes while minimizing exposure to systematic risk. These strategies seek to have a zero “beta” (or “market”) exposure to one or more systematic risk factors including the overall market (as represented by the S&P 500 Index), economic sectors or industries, market cap, region and country. Market neutral strategies that effectively neutralize the market exposure are not impacted by directional moves in the market.

Pricing(as of 10/24/2014)

Share Price $25.40
Change $-0.10
Change % -0.39%
NAV $25.47
Change $-0.02
Change % -0.06%
   
Bid/Ask  
Mid-Point $25.51
Premium/Discount 0.18%
   

Premium/discount charts

Performance

  • Month-End
  • Quarter-End

as of 09/30/2014

Index History (%)

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

IQ Hedge Market Neutral Index

-0.60 -0.86 1.89 2.82 3.70 3.59 2.88

Fund History (%)

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

IQ Hedge Market Neutral Tracker ETF (NAV)

-0.74 -1.27 0.89 1.65 -- -- 1.92

IQ Hedge Market Neutral Tracker ETF (Price)

-0.85 -1.27 0.67 1.77 -- -- 1.90

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 Market Neutral Index does not invest in hedge funds or 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: October 4, 2012. 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 0.85%, 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.

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.


as of 09/30/2014

Index History (%)

Quarter
YTD
1
Year
3
Year
5
Year
Since
Inception*

IQ Hedge Market Neutral Index

-0.86 1.89 2.82 3.70 -- 2.88

Fund History (%)

Quarter
YTD
1
Year
3
Year
5
Year
Since
Inception*

IQ Hedge Market Neutral Tracker ETF (NAV)

-1.27 0.89 1.65 -- -- 1.92

IQ Hedge Market Neutral Tracker ETF (Price)

-1.27 0.67 1.77 -- -- 1.90

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 Market Neutral Index does not invest in hedge funds or 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: October 4, 2012. 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 0.85%, 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.

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.

Top Holdings(as of 10/24/2014)

Name Weight  
VANGUARD SHORT-TERM BOND ETF 33.27 %
ISHARES 1-3 YEAR TREASURY BO 18.42 %
VANGUARD TOTAL BOND MARKET 10.13 %
ISHARES RUSSELL 2000 GROWTH 6.65 %
ISHARES RUSSELL 1000 VALUE E 5.35 %
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.