# EDGAR Filing Document

**Accession Number:** 0001415995
**File Stem:** 0001752724-23-069579
**Filing Date:** 2023-3
**Character Count:** 139236
**Document Hash:** b041ab43b54e44beaec6d895f06bf1e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-069579.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-069579

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IndexIQ ETF Trust
- **CENTRAL INDEX KEY:** 0001415995
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22227
- **FILM NUMBER:** 23767811

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 888-474-7725

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IQSHARES Trust
- **DATE OF NAME CHANGE:** 20080808

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IQSHARES Trust 1
- **DATE OF NAME CHANGE:** 20071024

## Series and Classes Contracts Data

### IQ Hedge Multi-Strategy Tracker ETF (Series ID: S000023661)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000069675 | IQ Hedge Multi-Strategy Tracker ETF | QAI             |

## Nport-Ex

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Exchange Traded Vehicles — 6.5%** | **Exchange Traded Vehicles — 6.5%** | |
| **Gold Funds — 2.9%** |  |  |
| abrdn Gold ETF Trust<sup>\*(a)</sup> | 68423 | $1264457 |
| Graniteshares Gold Trust<sup>\*(a)</sup> | 24032 | 458771 |
| iShares Gold Trust<sup>\*</sup> | 370025 | 13539215 |
| SPDR Gold MiniShares Trust<sup>\*</sup> | 69662 | 2666661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Gold Funds |  | 17929104 |
| **Silver Funds — 1.2%** |  |  |
| abrdn Silver ETF Trust<sup>\*(a)</sup> | 29820 | 679896 |
| iShares Silver Trust<sup>\*</sup> | 311218 | 6793889 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Silver Funds |  | 7473785 |
| **U.S. Dollar Fund — 2.4%** |  |  |
| Invesco DB U.S. Dollar Index Bullish Fund<sup>(a)</sup> | 548515 | 15089648 |
| **Total Exchange Traded Vehicles** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost $38,832,280)** |  | 40492537 |
| **Investment Companies — 93.5%** |  |  |
| **Bank Loan Funds — 10.7%** |  |  |
| Invesco Senior Loan ETF<sup>(a)</sup> | 1263506 | 26672612 |
| SPDR Blackstone Senior Loan ETF<sup>(a)</sup> | 944039 | 39734601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Bank Loan Funds |  | 66407213 |
| **BRIC Equity Funds — 1.5%** |  |  |
| iShares MSCI China ETF | 150624 | 8070434 |
| SPDR S&P China ETF<sup>(a)</sup> | 13425 | 1182205 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total BRIC Equity Funds |  | 9252639 |
| **Convertible Bond Funds — 8.7%** |  |  |
| iShares Convertible Bond ETF<sup>(a)</sup> | 230523 | 16991851 |
| SPDR Bloomberg Convertible Securities ETF | 547825 | 37367143 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Convertible Bond Funds |  | 54358994 |
| **Emerging Bonds - Local Currency Funds — 1.8%** |  |  |
| SPDR Bloomberg Emerging Markets Local Bond ETF<sup>(a)</sup> | 219638 | 4728806 |
| VanEck J. P. Morgan EM Local Currency Bond ETF<sup>(a)</sup> | 244155 | 6169797 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Emerging Bonds - Local Currency Funds |  | 10898603 |
| **Emerging Equity Funds — 7.3%** |  |  |
| iShares Core MSCI Emerging Markets ETF | 239159 | 12166018 |
| iShares MSCI Emerging Markets Min Vol Factor ETF | 344908 | 18900958 |
| Schwab Emerging Markets Equity ETF | 62169 | 1595878 |
| Vanguard FTSE Emerging Markets ETF | 309067 | 13051900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Emerging Equity Funds |  | 45714754 |
| **Emerging Markets Small Cap Equity Fund — 2.0%** |  |  |
| SPDR S&P Emerging Markets SmallCap ETF | 235827 | 12272437 |
| **Europe Equity Funds — 0.7%** |  |  |
| iShares Core MSCI Europe ETF<sup>(a)</sup> | 14718 | 765042 |
| JPMorgan BetaBuilders Europe ETF<sup>(a)</sup> | 12315 | 653064 |
| Vanguard FTSE Europe ETF<sup>(a)</sup> | 51704 | 3140501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Europe Equity Funds |  | 4558607 |
| **Floating Rate - Investment Grade Funds — 5.1%** |  |  |
| iShares Floating Rate Bond ETF | 460678 | 23337947 |
| SPDR Bloomberg Investment Grade Floating Rate ETF<sup>(a)</sup> | 264846 | 8109585 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Floating Rate - Investment Grade Funds |  | 31447532 |
| **High Yield Corporate Bond Funds — 1.0%** |  |  |
| iShares iBoxx High Yield Corporate Bond ETF<sup>(a)</sup> | 46033 | 3513699 |
| SPDR Bloomberg High Yield Bond ETF | 22941 | 2147966 |
| Xtrackers USD High Yield Corporate Bond ETF<sup>(a)</sup> | 24732 | 864878 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total High Yield Corporate Bond Funds |  | 6526543 |
| **International Equity Core Funds — 2.8%** |  |  |
| iShares Core MSCI EAFE ETF | 119967 | 8046187 |
| Vanguard FTSE Developed Markets ETF | 199021 | 9107201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total International Equity Core Funds |  | 17153388 |
| **Investment Grade Corporate Bond Funds — 18.4%** |  |  |
| iShares Broad USD Investment Grade Corporate Bond ETF<sup>(a)</sup> | 2529 | 129586 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 5559 | 616326 |
| iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | 810944 | 41082423 |
| Vanguard Intermediate-Term Corporate Bond ETF | 8482 | 685261 |
| Vanguard Short-Term Corporate Bond ETF | 944664 | 72247903 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Investment Grade Corporate Bond Funds |  | 114761499 |
| **Mortgage Backed Securities Funds — 0.6%** |  |  |
| iShares MBS ETF | 20805 | 1994783 |
| SPDR Portfolio Mortgage Backed Bond ETF<sup>(a)</sup> | 14595 | 327658 |
| Vanguard Mortgage-Backed Securities ETF<sup>(a)</sup> | 26391 | 1242752 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Mortgage Backed Securities Funds |  | 3565193 |
| **U.S. Large Cap Core Funds — 4.0%** |  |  |
| Energy Select Sector SPDR Fund<sup>(a)</sup> | 52717 | 4740840 |
| Financial Select Sector SPDR Fund<sup>(a)</sup> | 144648 | 5288331 |
| Health Care Select Sector SPDR Fund | 32625 | 4350870 |
| iShares MSCI USA Quality Factor ETF | 40785 | 4980256 |
| Vanguard Energy ETF | 7787 | 972441 |
| Vanguard Financials ETF | 16333 | 1457067 |
| Vanguard Health Care ETF<sup>(a)</sup> | 13868 | 3412637 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Large Cap Core Funds |  | 25202442 |
| **U.S. Large Cap Growth Funds — 2.6%** |  |  |
| Schwab U.S. Large-Cap Growth ETF<sup>(a)</sup> | 35741 | 2183060 |
| Vanguard Growth ETF<sup>(a)</sup> | 46854 | 11021935 |
| Vanguard Mega Cap Growth ETF | 8080 | 1539402 |

---

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF (continued)

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Investment Companies (continued)** | **Investment Companies (continued)** | |
| **U.S. Large Cap Growth Funds (continued)** |  |  |
| Vanguard Russell 1000 Growth ETF | 24416 | $1457879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Large Cap Growth Funds |  | 16202276 |
| **U.S. Medium Term Treasury Bond Funds — 8.8%** |  |  |
| iShares 3-7 Year Treasury Bond ETF<sup>(a)</sup> | 166979 | 19586637 |
| Schwab Intermediate-Term U.S. Treasury ETF | 250317 | 12608467 |
| Vanguard Intermediate-Term Treasury ETF | 377647 | 22609726 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Medium Term Treasury Bond Funds |  | 54804830 |
| **U.S. Momentum Fund — 0.6%** |  |  |
| iShares MSCI USA Momentum Factor ETF | 26970 | 3914156 |
| **U.S. REITS Funds — 0.4%** |  |  |
| Fidelity MSCI Real Estate Index ETF | 3131 | 85790 |
| iShares Core U.S. REIT ETF | 2068 | 113202 |
| Vanguard Real Estate ETF | 21687 | 1974818 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. REITS Funds |  | 2173810 |
| **U.S. Small Cap Growth Funds — 2.7%** |  |  |
| iShares Russell 2000 Growth ETF | 28457 | 6714714 |
| SPDR S&P 600 Small Cap Growth ETF | 19582 | 1519171 |
| Vanguard Small-Cap Growth ETF<sup>(a)</sup> | 38460 | 8613117 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Small Cap Growth Funds |  | 16847002 |
| **U.S. Ultra Short Term Bond Funds — 13.8%** |  |  |
| Goldman Sachs Access Treasury 0-1 Year ETF | 159575 | 15955905 |
| Invesco Treasury Collateral ETF<sup>(a)</sup> | 150432 | 15851020 |
| IQ Ultra Short Duration ETF<sup>†(b)</sup> | 465707 | 22256137 |
| iShares Short Treasury Bond ETF<sup>(a)</sup> | 143022 | 15772466 |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 172429 | 15816912 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Ultra Short Term Bond Funds |  | 85652440 |
| **Total Investment Companies** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost $584,788,735)** |  | **581714358** |
| **Short-Term Investment — 13.8%** |  |  |
| **Money Market Fund — 13.8%** |  |  |
| Dreyfus Government Cash Management Fund, Institutional Shares, 4.23%<sup>(c)(d)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost $86,200,855)** | 86200855 | **86200855** |
| **Total Investments — 113.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost $709,821,870)** |  | **708407750** |
| **Other Assets and Liabilities, Net — (13.8)%** |  | **(85936658**) |
| **Net Assets — 100.0%** |  | $**622471092** |

---

---

| | |
|:---|:---|
| \* | Non-income producing securities. |
| † | Affiliated Fund. |
| (a) | All or a portion of the security was on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that are also on loan. The aggregate market value of securities on loan was $106,002,002; total market value of collateral held by the Fund was $107,963,137. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $21,762,282. |
| (b) | All or a portion of these securities have been segregated as collateral for swap contracts. The total value of securities segregated amounted to $2,150,550. |
| (c) | Reflects the 1-day yield at January 31, 2023. |
| (d) | Represents security purchased with cash collateral received for securities on loan. |

---

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF (continued)

January 31, 2023 (unaudited)

**Total Return Swap contracts outstanding at January 31, 2023:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Benchmark** | **Counterparty** | **Floating Rate<sup>(e)</sup>**  | **Expiration<br> Date** | **Payment<br> Frequency** | **Notional<br> Amount<br> Long/<br> (Short)** | **Value/<br> Unrealized<br> Appreciation/<br> (Depreciation)<sup>(f)</sup>** |
| abrdn Gold ETF Trust | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | $66325 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| abrdn Gold ETF Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 66325 |  |
| abrdn Silver ETF Trust | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | 35659 |  |
| abrdn Silver ETF Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 35659 |  |
| Consumer Discretionary Select Sector SPDR Fund | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (98737) |  |
| Consumer Discretionary Select Sector SPDR Fund | Morgan Stanley | 1-Day FEDEF - 0.14% | 7/05/2023 | Monthly | (98737) |  |
| Energy Select Sector SPDR Fund | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 248656 |  |
| Energy Select Sector SPDR Fund | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 248656 |  |
| Fidelity MSCI Real Estate Index ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 4494 |  |
| Fidelity MSCI Real Estate Index ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 4494 |  |
| Financial Select Sector SPDR Fund | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 277381 |  |
| Financial Select Sector SPDR Fund | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 277381 |  |
| FlexShares Global Upstream Natural Resources Index Fund | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (627397) |  |
| FlexShares Global Upstream Natural Resources Index Fund | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (627397) |  |
| Goldman Sachs Access Treasury 0-1 Year ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 836916 |  |
| Goldman Sachs Access Treasury 0-1 Year ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 836916 |  |
| Graniteshares Gold Trust | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | 24072 |  |
| Graniteshares Gold Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 24072 |  |
| Health Care Select Sector SPDR Fund | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 228179 |  |
| Health Care Select Sector SPDR Fund | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 228179 |  |
| Industrial Select Sector SPDR Fund | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (507315) |  |
| Industrial Select Sector SPDR Fund | Morgan Stanley | 1-Day FEDEF - 0.15% | 7/05/2023 | Monthly | (507315) |  |
| Invesco DB U.S. Dollar Index Bullish Fund | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 791490 |  |
| Invesco DB U.S. Dollar Index Bullish Fund | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 791490 |  |
| Invesco Senior Loan ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 1367506 |  |
| Invesco Senior Loan ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 1367506 |  |
| Invesco Treasury Collateral ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 831475 |  |
| Invesco Treasury Collateral ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 831475 |  |
| Invesco Variable Rate Preferred ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (5272767) |  |
| Invesco Variable Rate Preferred ETF | Morgan Stanley | 1-Day FEDEF - 21.03% | 7/05/2023 | Monthly | (5272767) |  |
| IQ Ultra Short Duration ETF | &nbsp;&nbsp;&nbsp;Merrill Lynch | &nbsp;&nbsp;&nbsp;1-Day FEDEF + 0.50% | &nbsp;&nbsp;&nbsp;2/28/2023 | &nbsp;&nbsp;&nbsp;Monthly | 1167366 |  |

---

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF (continued)

January 31, 2023 (unaudited)

**Total Return Swap contracts outstanding at January 31, 2023: (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Benchmark** | **Counterparty** | **Floating Rate<sup>(e)</sup>** | **Expiration<br> Date** | **Payment<br> Frequency** | **Notional<br> Amount<br> Long/<br> (Short)** | **Value/<br> Unrealized<br> Appreciation/<br> (Depreciation)<sup>(f)</sup>** |
| IQ Ultra Short Duration ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | $1167366 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| iShares 0-5 Year High Yield Corporate Bond ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (3475781) |  |
| iShares 0-5 Year High Yield Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF - 1.93% | 7/05/2023 | Monthly | (3475781) |  |
| iShares 20+ Year Treasury Bond ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (15540) |  |
| iShares 20+ Year Treasury Bond ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (15540) |  |
| iShares 3-7 Year Treasury Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 1027313 |  |
| iShares 3-7 Year Treasury Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 1027313 |  |
| iShares Broad USD Investment Grade Corporate Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 6815 |  |
| iShares Broad USD Investment Grade Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 6815 |  |
| iShares Convertible Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 891301 |  |
| iShares Convertible Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 891301 |  |
| iShares Core MSCI EAFE ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 422004 |  |
| iShares Core MSCI EAFE ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 422004 |  |
| iShares Core MSCI Emerging Markets ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 638113 |  |
| iShares Core MSCI Emerging Markets ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 638113 |  |
| iShares Core MSCI Europe ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 40129 |  |
| iShares Core MSCI Europe ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 40129 |  |
| iShares Core U.S. REIT ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 5967 |  |
| iShares Core U.S. REIT ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 5967 |  |
| iShares Floating Rate Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 1224098 |  |
| iShares Floating Rate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 1224098 |  |
| iShares Gold Trust | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 710175 |  |
| iShares Gold Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 710175 |  |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 32263 |  |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 32263 |  |
| iShares iBoxx High Yield Corporate Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 184337 |  |
| iShares iBoxx High Yield Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 184337 |  |
| iShares JP Morgan USD Emerging Markets Bond ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (3129332) |  |
| iShares JP Morgan USD Emerging Markets Bond ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (3129332) |  |
| iShares MBS ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 104605 |  |
| iShares MBS ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 104605 |  |
| iShares MSCI China ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 423282 |  |

---

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF (continued)

January 31, 2023 (unaudited)

**Total Return Swap contracts outstanding at January 31, 2023: (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Benchmark** | **Counterparty** | **Floating Rate<sup>(e)</sup>**  | **Expiration<br> Date** | **Payment<br> Frequency** | **Notional<br> Amount<br> Long/<br> (Short)** | **Value/<br> Unrealized<br> Appreciation/<br> (Depreciation)<sup>(f)</sup>** |
| iShares MSCI China ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | $423282 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| iShares MSCI EAFE Growth ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (730199) |  |
| iShares MSCI EAFE Growth ETF | Morgan Stanley | 1-Day FEDEF - 2.33% | 7/05/2023 | Monthly | (730199) |  |
| iShares MSCI Emerging Markets Min Vol Factor ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 991387 |  |
| iShares MSCI Emerging Markets Min Vol Factor ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 991387 |  |
| iShares MSCI Global Min Vol Factor ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (5117139) |  |
| iShares MSCI Global Min Vol Factor ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (5117139) |  |
| iShares MSCI Japan ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (182464) |  |
| iShares MSCI Japan ETF | Morgan Stanley | 1-Day FEDEF - 0.73% | 7/05/2023 | Monthly | (182464) |  |
| iShares MSCI USA Momentum Factor ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 205359 |  |
| iShares MSCI USA Momentum Factor ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 205359 |  |
| iShares MSCI USA Quality Factor ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 260461 |  |
| iShares MSCI USA Quality Factor ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 260461 |  |
| iShares Preferred & Income Securities ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (2208024) |  |
| iShares Preferred & Income Securities ETF | Morgan Stanley | 1-Day FEDEF - 1.08% | 7/05/2023 | Monthly | (2208024) |  |
| iShares Russell 2000 Growth ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 352288 |  |
| iShares Russell 2000 Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 352288 |  |
| iShares Russell 2000 Value ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (55353) |  |
| iShares Russell 2000 Value ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (55353) |  |
| iShares S&P Small-Cap 600 Value ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (32302) |  |
| iShares S&P Small-Cap 600 Value ETF | Morgan Stanley | 1-Day FEDEF - 2.43% | 7/05/2023 | Monthly | (32302) |  |
| iShares Short Treasury Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 827210 |  |
| iShares Short Treasury Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 827210 |  |
| iShares Silver Trust | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 356353 |  |
| iShares Silver Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 356353 |  |
| iShares TIPS Bond ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (3213541) |  |
| iShares TIPS Bond ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (3213541) |  |
| iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 2106291 |  |
| iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 2106291 |  |
| iShares U.S. Industrials ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (48471) |  |
| iShares U.S. Industrials ETF | Morgan Stanley | 1-Day FEDEF - 7.63% | 7/05/2023 | Monthly | (48471) |  |
| JPMorgan BetaBuilders Europe ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 34629 |  |
| JPMorgan BetaBuilders Europe ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 34629 |  |
| JPMorgan BetaBuilders Japan ETF | &nbsp;&nbsp;&nbsp;Merrill Lynch | &nbsp;&nbsp;&nbsp;1-Day FEDEF | &nbsp;&nbsp;&nbsp;2/28/2023 | &nbsp;&nbsp;&nbsp;Monthly | (130974) |  |

---

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF (continued)

January 31, 2023 (unaudited)

**Total Return Swap contracts outstanding at January 31, 2023: (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Benchmark** | **Counterparty** | **Floating Rate<sup>(e)</sup>**  | **Expiration<br> Date** | **Payment<br> Frequency** | **Notional<br> Amount<br> Long/<br> (Short)** | **Value/<br> Unrealized<br> Appreciation/<br> (Depreciation)<sup>(f)</sup>** |
| JPMorgan BetaBuilders Japan ETF | Morgan Stanley | 1-Day FEDEF - 5.08% | 7/05/2023 | Monthly | $(130974) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Schwab Emerging Markets Equity ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 84660 |  |
| Schwab Emerging Markets Equity ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 84660 |  |
| Schwab Intermediate-Term U.S. Treasury ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 661308 |  |
| Schwab Intermediate-Term U.S. Treasury ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 661308 |  |
| Schwab International Small-Cap Equity ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (223439) |  |
| Schwab International Small-Cap Equity ETF | Morgan Stanley | 1-Day FEDEF - 12.68% | 7/05/2023 | Monthly | (223439) |  |
| Schwab U.S. Large-Cap Growth ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 114464 |  |
| Schwab U.S. Large-Cap Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 114464 |  |
| Schwab U.S. TIPS ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (1905913) |  |
| Schwab U.S. TIPS ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (1905913) |  |
| SPDR Blackstone Senior Loan ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 2037198 |  |
| SPDR Blackstone Senior Loan ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 2037198 |  |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 829606 |  |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 829606 |  |
| SPDR Bloomberg Barclays High Yield Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 112637 |  |
| SPDR Bloomberg Barclays High Yield Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 112637 |  |
| SPDR Bloomberg Convertible Securities ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 1915814 |  |
| SPDR Bloomberg Convertible Securities ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 1915814 |  |
| SPDR Bloomberg Emerging Markets Local Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 248026 |  |
| SPDR Bloomberg Emerging Markets Local Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 248026 |  |
| SPDR Bloomberg Investment Grade Floating Rate ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 425373 |  |
| SPDR Bloomberg Investment Grade Floating Rate ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 425373 |  |
| SPDR Bloomberg Short Term High Yield Bond ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (1686773) |  |
| SPDR Bloomberg Short Term High Yield Bond ETF | Morgan Stanley | 1-Day FEDEF - 0.78% | 7/05/2023 | Monthly | (1686773) |  |
| SPDR Dow Jones International Real Estate ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (104481) |  |
| SPDR Dow Jones International Real Estate ETF | Morgan Stanley | 1-Day FEDEF - 2.73% | 7/05/2023 | Monthly | (104481) |  |
| SPDR Gold MiniShares Trust | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 139875 |  |
| SPDR Gold MiniShares Trust | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 261491 |  |
| SPDR Portfolio Long Term Treasury ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (3297) |  |
| SPDR Portfolio Long Term Treasury ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (3297) |  |
| SPDR Portfolio Mortgage Backed Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 17174 |  |
| SPDR Portfolio Mortgage Backed Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 17174 |  |

---

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF (continued)

January 31, 2023 (unaudited)

**Total Return Swap contracts outstanding at January 31, 2023: (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Benchmark** | **Counterparty** | **Floating Rate<sup>(e)</sup>**  | **Expiration<br> Date** | **Payment<br> Frequency** | **Notional<br> Amount<br> Long/<br> (Short)** | **Value/<br> Unrealized<br> Appreciation/<br> (Depreciation)<sup>(f)</sup>** |
| SPDR S&P 600 Small Cap Growth ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | $79442 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| SPDR S&P 600 Small Cap Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 79442 |  |
| SPDR S&P China ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 62082 |  |
| SPDR S&P China ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 62082 |  |
| SPDR S&P Emerging Markets SmallCap ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 643683 |  |
| SPDR S&P Emerging Markets SmallCap ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 643683 |  |
| SPDR S&P Global Natural Resources ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (306627) |  |
| SPDR S&P Global Natural Resources ETF | Morgan Stanley | 1-Day FEDEF - 1.08% | 7/05/2023 | Monthly | (306627) |  |
| Technology Select Sector SPDR Fund | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (515832) |  |
| Technology Select Sector SPDR Fund | Morgan Stanley | 1-Day FEDEF - 0.15% | 7/05/2023 | Monthly | (515832) |  |
| VanEck J.P. Morgan EM Local Currency Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 323608 |  |
| VanEck J.P. Morgan EM Local Currency Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 323608 |  |
| Vanguard Consumer Discretionary ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (28833) |  |
| Vanguard Consumer Discretionary ETF | Morgan Stanley | 1-Day FEDEF - 1.53% | 7/05/2023 | Monthly | (28833) |  |
| Vanguard Emerging Markets Government Bond ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (691179) |  |
| Vanguard Emerging Markets Government Bond ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (691179) |  |
| Vanguard Energy ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | 50951 |  |
| Vanguard Energy ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 50951 |  |
| Vanguard Financials ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 76453 |  |
| Vanguard Financials ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 76453 |  |
| Vanguard FTSE All World ex-U.S. Small-Cap ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (503525) |  |
| Vanguard FTSE All World ex-U.S. Small-Cap ETF | Morgan Stanley | 1-Day FEDEF - 0.68% | 7/05/2023 | Monthly | (503525) |  |
| Vanguard FTSE Developed Markets ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 477689 |  |
| Vanguard FTSE Developed Markets ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 477689 |  |
| Vanguard FTSE Emerging Markets ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 684591 |  |
| Vanguard FTSE Emerging Markets ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 684591 |  |
| Vanguard FTSE Europe ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 164727 |  |
| Vanguard FTSE Europe ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 164727 |  |
| Vanguard Global ex-U.S. Real Estate ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (844023) |  |
| Vanguard Global ex-U.S. Real Estate ETF | Morgan Stanley | 1-Day FEDEF - 0.63% | 7/05/2023 | Monthly | (844023) |  |
| Vanguard Growth ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 578220 |  |
| Vanguard Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 578220 |  |
| Vanguard Health Care ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 179146 |  |

---

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF (continued)

January 31, 2023 (unaudited)

**Total Return Swap contracts outstanding at January 31, 2023: (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Benchmark** | **Counterparty** | **Floating Rate<sup>(e)</sup>**  | **Expiration<br> Date** | **Payment<br> Frequency** | **Notional<br> Amount<br> Long/<br> (Short)** | **Value/<br> Unrealized<br> Appreciation/<br> (Depreciation)<sup>(f)</sup>** |
| Vanguard Health Care ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | $179146 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| Vanguard Industrials ETF | Morgan Stanley | 1-Day FEDEF - 4.58% | 7/05/2023 | Monthly | (279960) |  |
| Vanguard Information Technology ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (214433) |  |
| Vanguard Information Technology ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (214433) |  |
| Vanguard Intermediate-Term Corporate Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 35952 |  |
| Vanguard Intermediate-Term Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 35952 |  |
| Vanguard Intermediate-Term Treasury ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 1185905 |  |
| Vanguard Intermediate-Term Treasury ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 1185905 |  |
| Vanguard Long-Term Treasury ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (2311) |  |
| Vanguard Long-Term Treasury ETF | Morgan Stanley | 1-Day FEDEF - 0.78% | 7/05/2023 | Monthly | (2311) |  |
| Vanguard Mega Cap Growth ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 80780 |  |
| Vanguard Mega Cap Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 80780 |  |
| Vanguard Mortgage-Backed Securities ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 65173 |  |
| Vanguard Mortgage-Backed Securities ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 65173 |  |
| Vanguard Real Estate ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 103535 |  |
| Vanguard Real Estate ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 103535 |  |
| Vanguard Russell 1000 Growth ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 76489 |  |
| Vanguard Russell 1000 Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 76489 |  |
| Vanguard Short-Term Corporate Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 3704156 |  |
| Vanguard Short-Term Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 3704156 |  |
| Vanguard Small-Cap Growth ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 451931 |  |
| Vanguard Small-Cap Growth ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 451931 |  |
| Vanguard Small-Cap Value ETF | Merrill Lynch | 1-Day FEDEF | 2/28/2023 | Monthly | (110162) |  |
| Vanguard Small-Cap Value ETF | Morgan Stanley | 1-Day FEDEF - 0.35% | 7/05/2023 | Monthly | (110162) |  |
| Xtrackers USD High Yield Corporate Bond ETF | Merrill Lynch | 1-Day FEDEF + 0.50% | 2/28/2023 | Monthly | 45356 |  |
| Xtrackers USD High Yield Corporate Bond ETF | Morgan Stanley | 1-Day FEDEF + 0.50% | 7/05/2023 | Monthly | 45356 | – |
|  |  |  |  |  |  | $– |

---

The total value of securities segregated as collateral for swap contracts with counterparty Morgan Stanley amounted to $2,150,550 and with Merrill Lynch amounted to $– at January 31, 2023. The Fund either receives fees from, or pays to the counterparty, the total return of the benchmark and the agreed-upon financing rate.

(e) Portfolio pays or receives the floating rate and receives or pays the total return of the reference rate entity.

(f) Reflects the value at reset date of January 31, 2023.

Abbreviation

FEDEF — Federal Funds Effective Rate

Schedule of Investments ─ IQ Hedge Multi-Strategy Tracker ETF (continued)

January 31, 2023 (unaudited)

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2023. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to the Fund's most recent semi-annual or annual financial statements.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| Investments in Securities:<sup>(g)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Vehicles | $40492537 | $– | $– | $40492537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment Companies | 581714358 |  |  | 581714358 |
| Short-Term Investment: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 86200855 | – | – | 86200855 |
| Total Investments in Securities | 708407750 | – | – | 708407750 |
| Other Financial Instruments:<sup>(h)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swap Contracts | – | – | – | – |
| Total Investments in Securities and Other Financial Instruments | $708407750 | $– | $– | $708407750 |
| **Liability Valuation Inputs** |  |  |  |  |
| Other Financial Instruments:<sup>(h)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swap Contracts | $– | $– | $– | $– |

---

(g) For
 a complete listing of investments and their industries, see the Schedule of Investments.

(h) Reflects
 the unrealized appreciation (depreciation) of the instruments.

For the period ended January 31, 2023, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.

**A summary of the Fund's transactions with any affiliated fund during the period ended January 31, 2023 is as follows:**

**Affiliated Holdings**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Shares at 04/30/2022** | **Value<br> ($) at<br> 04/30/2022** | **Purchases <br> Cost<br> ($)** | **Sales Proceeds<br> ($)** | **Net <br> Realized <br> Gain/(Loss)<br> ($)** | **Net<br> Change in<br> Unrealized<br> Appreciation/<br> (Depreciation)<br> ($)** | **Income Distributions<br> ($)** | **Value<br> ($) at <br> 01/31/2023** |
| IQ Ultra Short Duration ETF | 1296301 | 62196522 | 28551780 | (67697705) | (2143269) | 1348809 | 925596 – 465707 | 22256137 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** IndexIQ ETF Trust

- **b. Investment Company Act file number:** 811-22227

- **c. CIK number of Registrant:** 0001415995

- **d. LEI of Registrant:** 549300RB5MLWJ1UN5M66

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 888-474-7725

**Item A.2. Information about the Series.**

- **a. Name of Series:** IQ Hedge Multi-Strategy Tracker ETF

- **b. EDGAR series identifier (if any):** S000023661

- **c. LEI of Series:** 549300GO30U3VROX3G48

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $715806803.46

**Total Liabilities:** $88923623.88

**Net Assets:** $626883179.58

**Cash Not Reported:** $1204966.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069675 | 4.08%                | -1.04%               | 3.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4406362.52             | $30036826.92                               |
| Month 2  | $-4733514.25             | $-6594464.49                               |
| Month 3  | $-2403425.92             | $23811557.54                               |

**Designated Index Information**

- **Index Name:** IQ Hedge Multi-Strategy Index

- **Index Identifier:** IQHGMS-QAI

### Schedule of Portfolio Investments

| Name                                                               | Title                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Russell 2000 Growth ETF                                    | ISHARES RUSSELL 2000 GROWTH                                            | CUSIP: 464287648<br>LEI: 549300CPJOUVKWJGSH44 | Long             | EC               | RF                | US        |     28658 | NS      | $6762141.68   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FLEXSHARES GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-32425.02    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SELECT SECTOR SPDR TR SBI CONS DISCR                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12695.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD RUSSELL 1000 GROWTH ETF                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5614.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES MSCI EAFE GROWTH ETF                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-54968.08    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANECK VECTORS JP MORGAN EM LOCAL CURRENCY BOND UCITS ETF          | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $12152.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI China ETF                                             | iShares MSCI China ETF                                                 | CUSIP: 46429B671<br>LEI: 549300Q0IWAYMYXW0R77 | Long             | EC               | RF                | US        |    151689 | NS      | $8127496.62   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR BLACKSTONE / GSO SENIOR LOAN ETF                              | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $48030.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Real Estate ETF                                           | VANGUARD REAL ESTATE ETF                                               | CUSIP: 922908553<br>LEI: N/A                  | Long             | EC               | RF                | US        |     21840 | NS      | $1988750.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx $ Investment Grade Corporate Bond ETF                | iShares iBoxx $ Investment Grade Corporate Bond ETF                    | CUSIP: 464287242<br>LEI: 549300FYCXFXG8POR355 | Long             | EC               | RF                | US        |      5598 | NS      | $620650.26    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Emerging Markets Equity ETF                                 | Schwab Emerging Markets Equity ETF                                     | CUSIP: 808524706<br>LEI: 549300BX5O2DW26SGM55 | Long             | EC               | RF                | US        |     62610 | NS      | $1607198.70   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity MSCI Real Estate Index ETF                                | FIDELITY REAL ESTATE ETF                                               | CUSIP: 316092857<br>LEI: 549300LO1Q5LFQ3OL350 | Long             | EC               | RF                | US        |      3152 | NS      | $86364.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FINANCIAL SELECT SECTOR SPDR FUND                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16930.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR PORTFOLIO LONG TERM TREASURY ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-209.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD REAL ESTATE ETF                                           | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $9403.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD FTSE DEVELOPED MARKETS ETF                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $37917.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS IQ ULTRA SHORT DURATION ETF                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $3174.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR BLOOMBERG 1-3 MONTH T-BILL ETF                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-727.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Short Treasury Bond ETF                                    | ISHARES SHORT TREASURY BOND                                            | CUSIP: 464288679<br>LEI: 549300F8ZJ4IZLOOBP30 | Long             | EC               | RF                | US        |    144033 | NS      | $15883959.24  | 2.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Vanguard FTSE Developed Markets ETF                                | Vanguard FTSE Developed Markets ETF                                    | CUSIP: 921943858<br>LEI: N/A                  | Long             | EC               | RF                | US        |    200428 | NS      | $9171585.28   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS INDUSTRIAL SELECT SECT SPDR                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-16616.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Access Treasury 0-1 Year ETF                         | GOLDMAN SACHS ACCESS TREASUR                                           | CUSIP: 381430529<br>LEI: 549300Q2J4ZAD8E71F28 | Long             | EC               | RF                | US        |    160703 | NS      | $16068692.97  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS INVESCO SENIOR LOAN ETF                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $30276.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR BLACKSTONE / GSO SENIOR LOAN ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $47980.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3960.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR PORTFOLIO MORTGAGE BACKED BOND ETF                            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $420.28       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES MSCI USA MOMENTUM                                          | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1907.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES MSCI JAPAN ETF                                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12671.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1330.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES PREFERRED & INCOME SECURITIES ETF                          | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-196608.52   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD CONSUMER DISCRETIONARY ETF                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3826.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ABERDEEN STANDARD PHYSICAL SILVER SHARES ETF                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-375.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS INVESCO VARIABLE RATE PREFERRED ETF                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-300465.63   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Bloomberg 1-3 Month T-Bill ETF                                | SPDR Bloomberg 1-3 Month T-Bill ETF                                    | CUSIP: 78468R663<br>LEI: 549300GQCVCME1YJ6B50 | Long             | EC               | RF                | US        |    173650 | NS      | $15928914.50  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan BetaBuilders Europe ETF                                   | JPMorgan BetaBuilders Europe ETF                                       | CUSIP: 46641Q191<br>LEI: 549300JYD28ABFNSPC78 | Long             | EC               | RF                | US        |     12402 | NS      | $657678.06    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS INVESCO SENIOR LOAN ETF                                            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $30378.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-83207.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES 3-7 YEAR TREASURY BOND ETF                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16409.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core MSCI Europe ETF                                       | iShares Core MSCI Europe ETF                                           | CUSIP: 46434V738<br>LEI: 549300XU2KDV0C5LCG21 | Long             | EC               | RF                | US        |     14823 | NS      | $770499.54    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS ISHARES TRUST ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $26966.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Intermediate-Term Corporate Bond ETF                      | Vanguard Intermediate-Term Corporate Bond ETF                          | CUSIP: 92206C870<br>LEI: N/A                  | Long             | EC               | RF                | US        |      8542 | NS      | $690108.18    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SCHWAB EMERGING MARKETS EQUITY ETF                                 | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $6302.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES MSCI GLOBAL MIN VOL FACTOR ETF                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-83301.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES TIPS BOND ETF                                              | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-49874.19    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD SMALL-CAP GROWTH ETF                                      | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $46040.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD LONG-TERM TREASURY ETF                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-148.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Blackstone Senior Loan ETF                                    | SPDR Blackstone Senior Loan ETF                                        | CUSIP: 78467V608<br>LEI: 549300ME4SR63Y3TRD06 | Long             | EC               | PF                | US        |    950717 | NS      | $40015678.53  | 6.38%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS JPMORGAN BETABUILDERS EUROPE ETF                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $2839.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD FTSE EUROPE ETF                                           | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $13808.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES MSCI USA MOMENTUM FACTOR ETF                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1907.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES RUSSELL 2000 GROWTH ETF                                    | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $31385.11     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Graniteshares Gold Trust                                           | Graniteshares Gold Trust                                               | CUSIP: 38748G101<br>LEI: 549300B09UIFB1TCF016 | Long             | EC               | RF                | US        |     24203 | NS      | $462035.27    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD HEALTH CARE ETF                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2112.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Schwab U.S. Large-Cap Growth ETF                                   | Schwab U.S. Large-Cap Growth ETF                                       | CUSIP: 808524300<br>LEI: 549300X647G1Z3XCRR98 | Long             | EC               | RF                | US        |     35993 | NS      | $2198452.44   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| iShares Core MSCI EAFE ETF                                         | iShares Core MSCI EAFE ETF                                             | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |    120816 | NS      | $8103129.12   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES RUSSELL 2000 VALUE ETF                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4730.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ENERGY SELECT SECTOR SPDR FUND                                     | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $5893.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core US REIT ETF                                           | ISHARES CORE US REIT ETF                                               | CUSIP: 464288521<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2083 | NS      | $114023.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES CONVERTIBLE BOND ETF                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $48121.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS HEALTH CARE SELECT SECTOR SPDR FUND                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5133.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES MSCI JAPAN ETF                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12673.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES SHORT TREASURY BOND ETF                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-390.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS FIDELITY REAL ESTATE ETF                                           | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $409.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES CORE MSCI EMERGING MARKETS ETF                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $50107.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Mortgage-Backed Securities ETF                            | Vanguard Mortgage-Backed Securities ETF                                | CUSIP: 92206C771<br>LEI: N/A                  | Long             | EC               | RF                | US        |     26577 | NS      | $1251510.93   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD LONG-TERM TREASURY ETF                                    | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-149.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF                      | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $1330.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES SILVER TRUST                                               | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4451.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD SMALL-CAP VALUE ETF                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8867.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Mega Cap Growth ETF                                       | Vanguard Mega Cap Growth ETF                                           | CUSIP: 921910816<br>LEI: N/A                  | Long             | EC               | RF                | US        |      8137 | NS      | $1550261.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Select Sector SPDR Fund                                     | Energy Select Sector SPDR Fund                                         | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Long             | EC               | RF                | US        |     53089 | NS      | $4774293.77   | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD FTSE EUROPE ETF                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $13808.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Intermediate-Term Treasury ETF                            | Vanguard Intermediate-Term Treasury ETF                                | CUSIP: 92206C706<br>LEI: N/A                  | Long             | EC               | RF                | US        |    380320 | NS      | $22769758.40  | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD ENERGY ETF                                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $1282.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FIRST ASSET MSCI INTERNATIONAL LOW RISK WEIGHTED ETF               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6224.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Bloomberg Investment Grade Floating Rate ETF                  | SPDR Bloomberg Investment Grade Floating Rate ETF                      | CUSIP: 78468R200<br>LEI: 549300QJ0FR0L0XRBI28 | Long             | EC               | RF                | US        |    266721 | NS      | $8166997.02   | 1.30%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND                     | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12715.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD ENERGY ETF                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1282.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $3960.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SCHWAB EMERGING MARKETS EQUITY ETF                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $6302.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust                                               | iShares Silver Trust                                                   | CUSIP: 46428Q109<br>LEI: 549300K2C2CG14B0ZA09 | Long             | EC               | RF                | US        |    313420 | NS      | $6841958.60   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES MBS ETF                                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2504.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS INVESCO TREASURY COLLATERAL                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2905.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES BROAD USD INVESTMENT                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $258.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS FIRST ASSET MSCI INTERNATIONAL LOW RISK WEIGHTED ETF               | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-6249.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS IQ ULTRA SHORT DURATION ETF                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3148.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF                     | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-83980.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD INTERMEDIATE-TERM TREASURY ETF                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $21660.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1467.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5852.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Bloomberg Convertible Securities ETF                          | SPDR Bloomberg Convertible Securities ETF                              | CUSIP: 78464A359<br>LEI: 549300IXKU3G7R6DMX93 | Long             | EC               | RF                | US        |    551701 | NS      | $37631525.21  | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR S&P GLOBAL NATURAL RESOURCES ETF                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-20907.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard FTSE Europe ETF                                           | Vanguard FTSE Europe ETF                                               | CUSIP: 922042874<br>LEI: N/A                  | Long             | EC               | RF                | US        |     52070 | NS      | $3162731.80   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Health Care Select Sector SPDR Fund                                | Health Care Select Sector SPDR Fund                                    | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Long             | EC               | RF                | US        |     32856 | NS      | $4381676.16   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD FTSE EMERGING MARKETS ETF                                 | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $50311.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES CORE MSCI EMERGING MARKETS ETF                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $50107.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ABERDEEN STANDARD PHYSICAL GOLD SHARES ETF                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $3381.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR S&P EMERGING MARKETS SMALLCAP ETF                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $36069.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ENERGY SELECT SECTOR SPDR FUND                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5893.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES MSCI EMG MKT MIN VOL                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $27557.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $1467.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                            | Invesco Senior Loan ETF                                                | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |   1272443 | NS      | $26861271.73  | 4.28%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD EMERGING MARKETS GOVERNMENT BOND ETF                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-24763.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Energy ETF                                                | Vanguard Energy ETF                                                    | CUSIP: 92204A306<br>LEI: N/A                  | Long             | EC               | RF                | US        |      7841 | NS      | $979184.08    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR BLOOMBERG BARCLAYS EMERGING MARKETS LOCAL BOND ETF            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $10284.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR BLOOMBERG BARCLAYS EMERGING MARKETS LOCAL BOND ETF            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $10284.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SCHWAB U.S. LARGE-CAP GROWTH ETF                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $9953.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Schwab Intermediate-Term U.S. Treasury ETF                         | SCHWAB INTERMEDIATE-TERM US                                            | CUSIP: 808524854<br>LEI: N/A                  | Long             | EC               | RF                | US        |    252087 | NS      | $12697622.19  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Financials ETF                                            | Vanguard Financials ETF                                                | CUSIP: 92204A405<br>LEI: N/A                  | Long             | EC               | RF                | US        |     16450 | NS      | $1467504.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Corporate Bond ETF                             | Vanguard Short-Term Corporate Bond ETF                                 | CUSIP: 92206C409<br>LEI: N/A                  | Long             | EC               | RF                | US        |    951348 | NS      | $72759095.04  | 11.61%            |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD SHORT-TERM CORPORATE BOND ETF                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $48724.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF                            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-51520.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-731.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-45548.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR S&P EMERGING MARKETS SMALLCAP ETF                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $36069.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES SILVER TRUST                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4451.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SCHWAB INTERMEDIATE-TERM U.S. TREASURY ETF                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $11803.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES MSCI USA QUALITY FACTOR ETF                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $16828.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES 20+ YEAR TREASURY BOND ETF                                 | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1058.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES MSCI GLOBAL MIN VOL FACTOR ETF                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-84575.69    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR BLOOMBERG SHORT TERM HIGH YIELD BOND ETF                      | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-45451.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS INDUSTRIAL SELECT SECT SPDR                                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-16540.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares iBoxx High Yield Corporate Bond ETF                        | ISHARES IBOXX HIGH YLD CORP                                            | CUSIP: 464288513<br>LEI: N/A                  | Long             | EC               | RF                | US        |     46360 | NS      | $3538658.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES U.S. INDUSTRIALS ETF                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2860.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 600 Small Cap Growth ETF                                  | SPDR S&P 600 Small Cap Growth ETF                                      | CUSIP: 78464A201<br>LEI: 549300LKXS11U5S11F10 | Long             | EC               | RF                | US        |     19720 | NS      | $1529877.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR PORTFOLIO LONG TERM TREASURY ETF                              | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-210.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI USA Momentum Factor ETF                               | iShares MSCI USA Momentum Factor ETF                                   | CUSIP: 46432F396<br>LEI: 5493002ZOOZ0SN3YYI81 | Long             | EC               | RF                | US        |     27162 | NS      | $3942021.06   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MBS ETF                                                    | ISHARES MBS ETF                                                        | CUSIP: 464288588<br>LEI: 549300M0TH0IE2E6RP07 | Long             | EC               | RF                | US        |     20952 | NS      | $2008877.76   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES MBS ETF                                                    | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $2511.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS TECHNOLOGY SELECT SECTOR SPDR FUND                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-42170.42    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS INVESCO VARIABLE RATE PREFERRED ETF                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-314405.97   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS JPMORGAN BETABUILDERS EUROPE ETF                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $2839.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES CORE MSCI EUROPE ETF                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $3320.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD FINANCIALS ETF                                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5287.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES MSCI EMG MKT MIN VOL                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $27551.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard FTSE Emerging Markets ETF                                 | Vanguard FTSE Emerging Markets ETF                                     | CUSIP: 922042858<br>LEI: N/A                  | Long             | EC               | RF                | US        |    311254 | NS      | $13144256.42  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS FLEXSHARES GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-32788.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SCHWAB INTL SMALL-CAP EQUITY                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-18980.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS FINANCIAL SELECT SECTOR SPDR FUND                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $16930.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares 3-7 Year Treasury Bond ETF                                 | ISHARES 3-7 YEAR TREASURY BO                                           | CUSIP: 464288661<br>LEI: 549300BUGBHWMFPSNL42 | Long             | EC               | RF                | US        |    168161 | NS      | $19725285.30  | 3.15%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD HEALTH CARE ETF                                           | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2112.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS INVESCO DB US DOLLAR INDEX BULLISH FUND                            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12360.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS TECHNOLOGY SELECT SECTOR SPDR FUND                                 | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-42245.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Convertible Bond ETF                                       | iShares Convertible Bond ETF                                           | CUSIP: 46435G102<br>LEI: 5493009GXGY863LN1X56 | Long             | EC               | RF                | US        |    232155 | NS      | $17112145.05  | 2.73%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES PREFERRED & INCOME SECURITIES ETF                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-196966.21   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR S&P CHINA ETF                                                 | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $3735.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES SHORT TREASURY BOND ETF                                    | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-372.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD FTSE DEVELOPED ETF                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $37917.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR GOLD MINISHARES TRUST                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $7137.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD REAL ESTATE ETF                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9403.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES CONVERTIBLE BOND ETF                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $48122.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SCHWAB US TIPS ETF                                                 | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-30457.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES CORE MSCI EUROPE ETF                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3320.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD MEGA CAP GROWTH ETF                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $7548.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IQ Ultra Short Duration Etf                                        | IQ Ultra Short Duration Etf                                            | CUSIP: 45409F819<br>LEI: 5493005TWXGQCEG58C67 | Long             | EC               | RF                | US        |    469001 | NS      | $22413557.79  | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD FTSE ALL WO X-US SC                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-37080.21    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR BLOOMBERG BARCLAYS INVESTMENT GRADE FLOATING RATE ETF         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $1471.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS FIDELITY MSCI REAL ESTATE INDEX ETF                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $409.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Portfolio Mortgage Backed Bond ETF                            | SPDR Portfolio Mortgage Backed Bond ETF                                | CUSIP: 78464A383<br>LEI: 549300RAN9OO0VDPBS19 | Long             | EC               | RF                | US        |     14697 | NS      | $329947.65    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD EMERGING MARKETS GOVERNMENT BOND ETF                      | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-25011.50    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR BLOOMBERG 1-3 MONTH T-BILL ETF                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-701.66      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| abrdn Physical Gold Shares ETF                                     | abrdn Physical Gold Shares ETF                                         | CUSIP: 00326A104<br>LEI: 549300DWUGC6Q38L2L08 | Long             | EC               | RF                | US        |     68906 | NS      | $1273382.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Xtrackers USD High Yield Corporate Bond ETF                        | XTRACKERS USD HIGH YIELD COR                                           | CUSIP: 233051432<br>LEI: 5493000ENPC36KSKPY20 | Long             | EC               | RF                | US        |     24906 | NS      | $870962.82    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS LYXOR USD LIQUID INVESTMENT GRADE CORPORATE BONDS UCITS ETF        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $258.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES TRUST ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $26928.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD INFO TECH ETF                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-18370.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES JP MORGAN USD EMERGING                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-108860.86   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Floating Rate Bond ETF                                     | iShares Floating Rate Bond ETF                                         | CUSIP: 46429B655<br>LEI: 549300G2T0MQ0NCEG317 | Long             | EC               | RF                | US        |    463936 | NS      | $23502997.76  | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Physical Silver Shares ETF                                   | abrdn Physical Silver Shares ETF                                       | CUSIP: 003264108<br>LEI: 5493000YXSZBKTIMZK40 | Long             | EC               | RF                | US        |     30030 | NS      | $684684.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD MORTGAGE-BACKED SECURITIES ETF                            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $1561.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck J. P. Morgan EM Local Currency Bond ETF                     | VanEck J. P. Morgan EM Local Currency Bond ETF                         | CUSIP: 92189H300<br>LEI: 549300CNWPR88MZBEA63 | Long             | EC               | RF                | US        |    245883 | NS      | $6213463.41   | 0.99%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS ISHARES CORE US REIT ETF                                           | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $556.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECURITIES ETF                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $101907.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI Emerging Markets Min Vol Factor ETF                   | iShares MSCI Emerging Markets Min Vol Factor ETF                       | CUSIP: 464286533<br>LEI: N/A                  | Long             | EC               | RF                | US        |    347347 | NS      | $19034615.60  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $5852.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES 20+ YEAR TREASURY BOND ETF                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1058.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Gold MiniShares Trust                                         | SPDR Gold MiniShares Trust                                             | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |     70154 | NS      | $2685495.12   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS JPMORGAN BETABUILDERS JAPAN ETF                                    | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9458.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS XTRACKERS USD HIGH YIELD CORPORATE BOND ETF                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1469.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                             | iShares Core MSCI Emerging Markets ETF                                 | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |    240851 | NS      | $12252090.37  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | ISHARES 1-5Y INV GRADE CORP                                            | CUSIP: 464288646<br>LEI: 549300T14S5IX7V5T008 | Long             | EC               | RF                | US        |    816680 | NS      | $41373008.80  | 6.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES RUSSELL 2000 VALUE ETF                                     | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-4724.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD GLOBAL EX-U.S. REAL ESTATE ETF                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-51461.79    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Financial Select Sector SPDR Fund                                  | Financial Select Sector SPDR Fund                                      | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Long             | EC               | RF                | US        |    145671 | NS      | $5325731.76   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS ISHARES MSCI CHINA ETF                                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $25079.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD CONSUMER DISCRETIONARY ETF                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3824.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS POWERSHARES DB US DOLLAR INDEX                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12376.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Treasury Collateral ETF                                    | Invesco Treasury Collateral ETF                                        | CUSIP: 46138G888<br>LEI: 549300E094R1VT171085 | Long             | EC               | RF                | US        |    151497 | NS      | $15963238.89  | 2.55%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECURITIES ETF                 | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $101907.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ABERDEEN STANDARD PHYSICAL SILVER SHARES ETF                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-375.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES GOLD TRUST                                                 | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $36295.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES S&P SMALL-CAP 600 VALUE ETF                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3402.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANECK VECTORS JP MORGAN EM LOCAL CURRENCY BOND UCITS ETF          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $12152.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-754.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES JP MORGAN USD EMERGING                                     | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-108860.86   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES CORE MSCI EAFE ETF                                         | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $32708.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES RUSSELL 2000 GROWTH ETF                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $31382.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES S&P SMALL-CAP 600 VALUE ETF                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3425.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS HEALTH CARE SELECT SECTOR SPDR FUND                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5133.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES MSCI CHINA ETF                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $25031.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SCHWAB US TIPS ETF                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-29978.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR S&P CHINA ETF                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3731.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD MEGA CAP GROWTH ETF                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7548.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS INVESCO TREASURY COLLATERAL                                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2899.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR BLOOMBERG BARCLAYS INVESTMENT GRADE FLOATING RATE ETF         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1436.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD SHORT-TERM CORPORATE BOND ETF                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $48687.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SCHWAB INTL SMALL-CAP EQUITY                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-19339.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SCHWAB U.S. LARGE-CAP GROWTH ETF                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $9953.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD RUSSELL 1000 GROWTH ETF                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $5614.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Gold Trust                                                 | iShares Gold Trust                                                     | CUSIP: 464285204<br>LEI: 5493006UOY7GXQW0IP42 | Long             | EC               | RF                | US        |    372644 | NS      | $13635043.96  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD SMALL-CAP VALUE ETF                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-8853.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES TIPS BOND ETF                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-53276.64    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR S&P GLOBAL NATURAL RESOURCES ETF                              | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-20866.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGEMENT                                 | DREYFUS GOVERNMENT CASH MANAGEMENT                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  86200898 | NS      | $86200897.93  | 13.75%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Emerging Markets SmallCap ETF                             | SPDR S&P Emerging Markets SmallCap ETF                                 | CUSIP: 78463X756<br>LEI: 549300KXEWO8WPVG8S70 | Long             | EC               | RF                | US        |    237495 | NS      | $12359239.80  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES CORE US REIT ETF                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $556.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Growth ETF                                                | Vanguard Growth ETF                                                    | CUSIP: 922908736<br>LEI: N/A                  | Long             | EC               | RF                | US        |     47184 | NS      | $11099564.16  | 1.77%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR S&P 600 SMALL CAP GROWTH ETF                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $5251.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD FINANCIALS ETF                                            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $5287.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD INTERMEDIATE-TERM TREASURY ETF                            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $21700.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES U.S. INDUSTRIALS ETF                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2843.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS SPDR S&P 600 SMALL CAP GROWTH ETF                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $5252.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD FTSE ALL WO X-US SC                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-36975.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD SMALL-CAP GROWTH ETF                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $46037.17     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS XTRACKERS USD HIGH YIELD CORPORATE BOND ETF                        | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $1469.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES FLOATING RATE BOND ETF                                     | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $3161.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P China ETF                                                 | SPDR S&P China ETF                                                     | CUSIP: 78463X400<br>LEI: 549300B1I89QUAK0X692 | Long             | EC               | RF                | US        |     13521 | NS      | $1190659.26   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD GROWTH ETF                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $52427.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD MORTGAGE-BACKED SECURITIES ETF                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1553.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS GRANITESHARES GOLD TRUST                                           | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $1225.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS JPMORGAN BETABUILDERS JAPAN ETF                                    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-9398.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES FLOATING RATE BOND ETF                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3102.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES GOLD TRUST                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $36295.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ISHARES CORE MSCI EAFE ETF                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $32708.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD FTSE EMERGING MARKETS                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $50311.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI USA Quality Factor ETF                                | iShares MSCI USA Quality Factor ETF                                    | CUSIP: 46432F339<br>LEI: 5493007KMK0CQLE2O168 | Long             | EC               | RF                | US        |     41073 | NS      | $5015424.03   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR GOLD MINISHARES TRUST                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $7004.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Bloomberg High Yield Bond ETF                                 | SPDR Bloomberg High Yield Bond ETF                                     | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             | EC               | RF                | US        |     23103 | NS      | $2163133.89   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB US Dollar Index Bullish Fund                            | Invesco DB US Dollar Index Bullish Fund                                | CUSIP: 46141D203<br>LEI: 549300QQBOFDEGGI5W06 | Long             | EC               | RF                | US        |    552394 | NS      | $15196358.94  | 2.42%             |  |  |  | No            |                  1 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                                           | TRS VANGUARD INDUSTRIALS ETF                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $-14846.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Small-Cap Growth ETF                                      | VANGUARD SMALL-CAP GRWTH ETF                                           | CUSIP: 922908595<br>LEI: N/A                  | Long             | EC               | RF                | US        |     38733 | NS      | $8674255.35   | 1.38%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD INFO TECH ETF                                             | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-18378.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS VANGUARD GROWTH ETF                                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $52427.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SCHWAB INTERMEDIATE-TERM U.S. TREASURY ETF                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $11780.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Broad USD Investment Grade Corporate Bond ETF              | iShares Broad USD Investment Grade Corporate Bond ETF                  | CUSIP: 464288620<br>LEI: 5493004QFMCNV0WLX398 | Long             | EC               | RF                | US        |      2547 | NS      | $130508.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Vanguard Russell 1000 Growth ETF                                   | Vanguard Russell 1000 Growth ETF                                       | CUSIP: 92206C680<br>LEI: N/A                  | Long             | EC               | RF                | US        |     24590 | NS      | $1468268.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS ABERDEEN STANDARD PHYSICAL GOLD SHARES ETF                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $3380.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS IMPERIAL EQUITIES INC                                              | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $16426.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS SPDR PORTFOLIO MORTGAGE BACKED BOND ETF                            | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $415.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                              | TRS ISHARES MSCI EAFE GROWTH ETF                                       | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $-54556.01    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                           | TRS GRANITESHARES GOLD TRUST                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |         1 | NC      | $1225.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Health Care ETF                                           | Vanguard Health Care ETF                                               | CUSIP: 92204A504<br>LEI: N/A                  | Long             | EC               | RF                | US        |     13967 | NS      | $3436999.36   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| BOFA SECURITIES, INC.                                              | TRS ISHARES MSCI USA QUALITY FACTOR ETF                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | N/A              | DE               | CORP              | US        |         1 | NC      | $16832.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Bloomberg Emerging Markets Local Bond ETF                     | SPDR Bloomberg Emerging Markets Local Bond ETF                         | CUSIP: 78464A391<br>LEI: 549300UZIXAGB0EPMT96 | Long             | EC               | RF                | US        |    221192 | NS      | $4762263.76   | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2023-03-27

**Name of Applicant:** IndexIQ ETF Trust

**Signature:** Adefolahan Oyefeso

**Name of Signer:** Adefolahan Oyefeso

**Title:** Director and Vice President, IndexIQ