IQ Hedge Macro Tracker ETF (MCRO)

Overview

The fund operates as a "fund of funds," focusing on investing primarily in various underlying funds as part of its core investment strategy. It dedicates at least 80% of its net assets, along with any amounts borrowed for investment purposes, to securities included in its underlying index. This underlying index is composed of multiple components, which are selected based on a rules-based methodology established by IndexIQ. This structured approach to investment leans on the diversification and chosen strategies embedded within the underlying funds, targeting a broad exposure to a variety of asset classes or sectors as dictated by the index methodology.

Products and Services

• Investment in Underlying Funds

  This service involves investing predominantly in the investments that make up the fund's underlying index. The fund's commitment to invest at least 80% of its resources into these underlying funds signifies a strong orientation towards mimicking the performance and risk characteristics of the designated index. This strategy allows investors to indirectly gain exposure to the assets within the underlying funds, which might range from equities to fixed-income instruments, depending on the composition of the underlying index.

• Rules-Based Methodology for Index Composition

  The fund employs a strict rules-based methodology to select the components of the underlying index, which is a critical aspect of its product offering. This approach ensures that the selection process for underlying funds is transparent, systematic, and consistent with the predefined guidelines. By adhering to this methodology, the fund aims to provide a clear and objective basis for its investments, which can appeal to investors looking for structured investment processes that minimize subjective decision-making.