IndexIQ

IQ Alpha Hedge Strategy Fund

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

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 Alpha Hedge Strategy Index

-1.90 -1.00 3.81 8.05 7.53 5.71 5.81

FUND HISTORY (%)

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

Institutional Share Class

IQ Alpha Hedge Strategy Fund (IQHIX)

-2.02 -1.41 2.76 6.68 5.84 3.73 3.62

Investor Share Class

IQ Alpha Hedge Strategy Fund (IQHOX)

-2.02 -1.42 2.49 6.27 5.51 3.33 3.29

 


(as of 09/30/2014)  

INDEX HISTORY (%)

Quarter
YTD
1
Year
3
Year
5
Year
Since
Inception*
 

IQ Alpha Hedge Strategy Index

-1.00 3.81 8.05 7.53 5.71 5.91

FUND HISTORY (%)

Quarter
YTD
1
Year
3
Year
5
Year
Since
Inception*

Institutional Share Class

IQ Alpha Hedge Strategy Fund (IQHIX)

-1.41 2.76 6.68 5.84 3.73 3.61

Investor Share Class

IQ Alpha Hedge Strategy Fund (IQHOX)

-1.42 2.49 6.27 5.51 3.33 3.28

 

Returns for all periods are cumulative except for 3-year and 5-year periods, which are annualized.

* Fund Inception Date: 06/30/2008 (Institutional share class) and 07/23/2008 (Investor share class). The Index and Fund (Institutional and Investor share classes) performance since inception in the table above is based on the Fund inception date. The Index inception date is Octopber 31, 2007.

IQ ALPHA HEDGE STRATEGY FUND

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 the performance data quoted. The Fund has a 2% redemption fee for shares held less than 7 days. The Fund’s investment advisor has contractually agreed to waive fees and/or reimburse expenses through September 30, 2015 to ensure that the net annual Fund expenses (excluding certain fees such as 12(b)1 fees, taxes, and the fees and expenses of the underlying ETFs) will not exceed 1.65%, for the possible recoupment from the Fund in future years. Without these waivers, the Fund's total annual expenses would be higher and performance would be lower.

For the Institutional Share Class, the Gross Expense Ratio is 1.39%. For the Investor Share Class, the Gross Expense Ratio is 1.78%. Fund returns reflect dividends and capital gains distributions. The Fund does not invest in hedge funds.

Risk Discussion
Mutual fund investing involves risk, including loss of principal. There is no guarantee that the Fund will meet its objective. The Fund is not suitable for all investors due to its use of leverage, short selling, and derivatives, or for other reasons. Funds that use leverage to seek to increase return are subject to greater risk in adverse market conditions. There are particular risks associated with funds that employ short sales, such as the fact that the potential loss from a short position theoretically is unlimited. The Fund's use of derivatives, such as swap agreements, may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives. The Fund's investment performance, because it is a fund of funds, depends on the investment performance of the underlying ETFs in which it invests. There is no guarantee that the Fund itself, or each of the ETFs in the Fund's portfolio, will perform exactly as its underlying index. An investor in the Fund will bear the operating expenses of the underlying ETFs in which the Fund invests. The Fund is non-diversified and may be susceptible to greater losses if a single portfolio investment declines than would a diversified mutual fund.

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. No representation is being made that any investment will achieve performance similar to that shown.

The IQ Alpha Hedge Strategy Index is comprised solely of ETFs. Returns presented are net of underlying ETF fees, but do not reflect the deduction of management fees, taxes and other expenses.

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

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.