IndexIQ Active ETF Trust NPORTP NYLI MacKay ESG Core Plus Bond ETF (Jul 2024 report)

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF)

July 31, 2024 (unaudited)

	Principal Amount		Value
Long-Term Bonds — 98.0%
Collateralized Mortgage Obligations — 3.7%
Mortgage Securities — 3.7%
Agate Bay Mortgage Trust
Series 2015-5 B3, 3.577%, due 7/25/45^(a)(b)	$	159,089	$	131,639
Bayview Commercial Asset Trust
Series 2007-4A A1, 6.139%, (TSFR1M + 0.79%), due 9/25/37^(a)		286,724		271,627
CHL Mortgage Pass-Through Trust
Series 2005-9 1A1, 6.064%, (TSFR1M + 0.71%), due 5/25/35^(a)		40,713		33,940
Connecticut Avenue Securities Trust
Series 2020-SBT1 1M2, 9.112%, (SOFR30A + 3.76%), due 2/25/40^(a)		1,045,000		1,108,943
Series 2021-R03 1B2, 10.847%, (SOFR30A + 5.50%), due 12/25/41^(a)		485,000		507,737
Series 2022-R07 1M2, 9.998%, (SOFR30A + 4.65%), due 6/25/42^(a)		100,000		108,710
Series 2022-R08 1B1, 10.947%, (SOFR30A + 5.60%), due 7/25/42^(a)		365,000		400,361
Series 2024-R02 1B1, 7.847%, (SOFR30A + 2.50%), due 2/25/44^(a)		220,000		224,790
CSMC
Series 2021-NQM2 A1, 1.179%, due 2/25/66^(a)(b)		423,990		371,214
GS Mortgage-Backed Securities Corp. Trust
Series 2022-PJ4 A34, 2.500%, due 9/25/52^(a)(b)		1,208,824		974,047
HarborView Mortgage Loan Trust
Series 2005-2 2A1A, 5.896%, (TSFR1M + 0.55%), due 5/19/35^(a)		62,776		59,078
OBX Trust
Series 2019-INV2 A5, 4.000%, due 5/27/49^(a)(b)		298,684		275,689
Series 2022-J1 A14, 2.500%, due 2/25/52^(a)(b)		800,287		643,576
RCKT Mortgage Trust
Series 2021-5 A1, 2.500%, due 11/25/51^(a)(b)		424,326		346,370
Sequoia Mortgage Trust
Series 2021-4 AIO1, 0.166%, due 6/25/51^(a)(b)(c)		14,042,578		131,556
Shellpoint Co.-Originator Trust
Series 2015-1 B3, 3.775%, due 8/25/45^(a)(b)		378,397		347,704
STACR Trust
Series 2018-HRP1 B2, 17.212%, (SOFR30A + 11.86%), due 5/25/43^(a)		399,757		487,117
WaMu Mortgage Pass-Through Certificates Trust
Series 2004-AR13 A2B, 6.344%, (TSFR1M + 0.99%), due 11/25/34^(a)		46,763		42,995
				6,467,093
Total Collateralized Mortgage Obligations
(Cost $6,374,082)				6,467,093

	Principal Amount		Value
Commercial Asset-Backed Securities — 7.5%
Asset Backed Securities — 7.5%
American Credit Acceptance Receivables Trust
Series 2021-2 D, 1.340%, due 7/13/27	$	330,231	$	326,056
AMSR Trust
Series 2020-SFR3 B, 1.806%, due 9/17/37		660,000		631,808
Bayview Opportunity Master Fund VII LLC
Series 2024-EDU1 C, 7.147%, (SOFR30A + 1.80%), due 6/25/47^(a)		373,538		374,861
Bridgecrest Lending Auto Securitization Trust
Series 2023-1 D, 7.840%, due 8/15/29		435,000		460,122
CF Hippolyta Issuer LLC
Series 2020-1 A2, 1.990%, due 7/15/60		545,495		481,354
Series 2020-1 B1, 2.280%, due 7/15/60		845,485		796,506
Series 2020-1 B2, 2.600%, due 7/15/60		512,688		436,717
Series 2021-1A B1, 1.980%, due 3/15/61		362,842		327,710
DT Auto Owner Trust
Series 2020-3A E, 3.620%, due 10/15/27		530,000		522,263
Series 2021-4A D, 1.990%, due 9/15/27		180,000		170,593
Exeter Automobile Receivables Trust
Series 2021-3A E, 3.040%, due 12/15/28		855,000		811,639
Series 2022-2A E, 6.340%, due 10/15/29		880,000		867,014
Series 2023-4A D, 6.950%, due 12/17/29		260,000		267,676
Flagship Credit Auto Trust
Series 2021-2 C, 1.270%, due 6/15/27		285,000		278,025
Series 2022-1 D, 3.640%, due 3/15/28		780,000		742,375
Series 2022-2 D, 5.800%, due 4/17/28		609,000		570,826
Ford Credit Auto Owner Trust
Series 2021-2 D, 2.600%, due 5/15/34		130,000		120,771
Series 2023-1 D, 6.260%, due 8/15/35		425,000		430,981
GLS Auto Receivables Issuer Trust
Series 2019-4A D, 4.090%, due 8/17/26		423,610		423,300
Series 2020-1A D, 3.680%, due 11/16/26		274,496		273,732
Series 2021-3A D, 1.480%, due 7/15/27		615,000		587,252
Series 2021-3A E, 3.200%, due 10/16/28		875,000		824,879
Series 2022-3A E, 8.350%, due 10/15/29		425,000		431,737
Home Partners of America
Series 2021-2 B, 2.302%, due 12/17/26		96,101		89,515
HPEFS Equipment Trust
Series 2024-1A D, 5.820%, due 11/20/31		260,000		262,832
Navient Private Education Refi Loan Trust
Series 2021-A B, 2.240%, due 5/15/69		100,000		78,104
New Economy Assets Phase 1 Sponsor LLC
Series 2021-1 A1, 1.910%, due 10/20/61		550,000		498,000
OneMain Direct Auto Receivables Trust
Series 2019-1A D, 4.680%, due 4/14/31		385,000		375,419
Stifel SBA IO Trust
Series 2024-1A A2, 1.268%, due 6/25/50^(a)(b)(c)		4,693,185		186,606

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

	Principal Amount			Value
Commercial Asset-Backed Securities (continued)
Asset Backed Securities (continued)
Tricon American Homes
Series 2020-SFR1 A, 1.499%, due 7/17/38	$	268,316	$	253,167
				12,901,840
Total Commercial Asset-Backed Securities
(Cost $12,778,050)				12,901,840

Commercial Mortgage-Backed Securities — 8.7%
Mortgage Securities — 8.7%
Bank
Series 2019-BN19 C, 4.028%, due 8/15/61^(a)(b)		840,000		657,393
BANK
Series 2019-BN20 C, 3.653%, due 9/15/62^(a)(b)		180,000		137,902
Series 2020-BN25 C, 3.353%, due 1/15/63^(a)(b)		570,000		445,307
Series 2020-BN25 D, 2.500%, due 1/15/63		830,000		575,153
Bayview Commercial Asset Trust
Series 2006-4A A1, 5.809%, (TSFR1M + 0.46%), due 12/25/36^(a)		44,999		42,986
BBCMS Mortgage Trust
Series 2018-TALL C, 6.647%, (TSFR1M + 1.32%), due 3/15/37^(a)		675,000		608,362
Benchmark Mortgage Trust
Series 2018-B3 C, 4.515%, due 4/10/51^(a)(b)		550,000		455,247
Series 2019-B9 C, 4.971%, due 3/15/52^(a)(b)		465,000		380,169
BX Commercial Mortgage Trust
Series 2020-VIV2 C, 3.542%, due 3/9/44^(a)(b)		410,000		364,316
BX Trust
Series 2019-OC11 A, 3.202%, due 12/9/41		249,000		225,860
Series 2019-OC11 C, 3.856%, due 12/9/41		200,000		181,852
CD Mortgage Trust
Series 2017-CD4 C, 4.350%, due 5/10/50^(a)(b)		430,000		386,416
Series 2017-CD4 D, 3.300%, due 5/10/50		565,000		458,731
CFCRE Commercial Mortgage Trust
Series 2016-C3 D, 3.052%, due 1/10/48^(a)(b)		420,000		365,392
Series 2016-C7 C, 4.365%, due 12/10/54^(a)(b)		405,000		358,154
Citigroup Commercial Mortgage Trust
Series 2015-GC35 AS, 4.072%, due 11/10/48^(a)(b)		395,000		366,540
COMM Mortgage Trust
Series 2012-CR4 AM, 3.251%, due 10/15/45		390,000		343,200
Series 2014-CR15 D, 3.977%, due 2/10/47^(a)(b)		652,000		586,802
CONE Trust
Series 2024-DFW1 D, 8.340%, (TSFR1M + 3.04%), due 8/15/26^(a)		270,000		269,408

	Principal Amount		Value
Commercial Mortgage-Backed Securities (continued)
Mortgage Securities (continued)
CSAIL Commercial Mortgage Trust
Series 2015-C3 A4, 3.718%, due 8/15/48	$	100,000	$	98,010
DBJPM Mortgage Trust
Series 2016-C1 C, 3.318%, due 5/10/49^(a)(b)		480,000		427,386
DROP Mortgage Trust
Series 2021-FILE A, 6.593%, (TSFR1M + 1.26%), due 10/15/43^(a)		400,000		381,000
J.P. Morgan Chase Commercial Mortgage Securities Trust
Series 2021-2NU B, 2.076%, due 1/5/40^(a)(b)		375,000		303,449
JPMCC Commercial Mortgage Securities Trust
Series 2019-COR5 D, 3.000%, due 6/13/52		155,000		114,614
JPMDB Commercial Mortgage Securities Trust
Series 2017-C7 C, 4.150%, due 10/15/50^(a)(b)		415,000		361,689
Life Mortgage Trust
Series 2022-BMR2 D, 7.871%, (TSFR1M + 2.54%), due 5/15/39^(a)		395,000		368,541
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2014-C18 300B, 3.996%, due 8/15/31		340,000		285,600
MSWF Commercial Mortgage Trust
Series 2023-2 AS, 6.491%, due 12/15/56^(a)(b)		395,000		424,776
Multifamily Connecticut Avenue Securities Trust
Series 2020-01 CE, 12.962%, (SOFR30A + 7.61%), due 3/25/50^(a)		200,000		198,792
Series 2020-01 M10, 9.212%, (SOFR30A + 3.86%), due 3/25/50^(a)		1,119,589		1,125,456
SG Commercial Mortgage Securities Trust
Series 2016-C5 B, 3.933%, due 10/10/48		400,000		365,326
SLG Office Trust
Series 2021-OVA A, 2.585%, due 7/15/41		539,000		450,568
UBS Commercial Mortgage Trust
Series 2018-C9 C, 4.947%, due 3/15/51^(a)(b)		375,000		281,090
Series 2019-C16 D, 5.013%, due 4/15/52^(a)(b)		375,000		307,962
Wells Fargo Commercial Mortgage Trust
Series 2016-C36 C, 4.116%, due 11/15/59^(a)(b)		300,000		249,849
Series 2016-NXS6 D, 3.059%, due 11/15/49		630,000		538,484
Series 2019-C50 D, 3.000%, due 5/15/52		840,000		620,805
Series 2019-C51 C, 4.289%, due 6/15/52^(a)(b)		460,000		387,714

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

	Principal Amount		Value
Commercial Mortgage-Backed Securities (continued)
Mortgage Securities (continued)
WFRBS Commercial Mortgage Trust
Series 2014-C21 AS, 3.891%, due 8/15/47	$	445,678	$	431,193
				14,931,494
Total Commercial Mortgage-Backed Securities
(Cost $14,612,219)				14,931,494

Corporate Bonds — 38.6%
Airlines — 2.1%
American Airlines Class B Pass Through Trust
Series 2019-1, B, 3.850%, due 2/15/28		303,151		286,009
Series 2021-1, B, 3.950%, due 7/11/30		241,900		224,902
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
5.750%, due 4/20/29		355,000		346,907
British Airways Class A Pass Through Trust, (United Kingdom)
Series 2021-1, A, 2.900%, due 3/15/35		867,476		763,361
Delta Air Lines, Inc. / SkyMiles IP Ltd.
4.500%, due 10/20/25		146,876		146,156
4.750%, due 10/20/28		610,000		603,888
JetBlue Class AA Pass Through Trust
Series 2019-1, AA, 2.750%, due 5/15/32		768,940		673,085
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.
6.500%, due 6/20/27		291,000		293,586
United Airlines Class A Pass Through Trust
Series 20-1, A, 5.875%, due 10/15/27		269,076		272,150
				3,610,044
Apparel — 0.2%
Tapestry, Inc.
7.850%, due 11/27/33		345,000		367,907

Auto Manufacturers — 1.9%
Ford Motor Credit Co. LLC
6.950%, due 3/6/26		435,000		444,446
7.200%, due 6/10/30^(d)		390,000		416,889
General Motors Co.
5.200%, due 4/1/45		205,000		184,381
General Motors Financial Co., Inc.
2.350%, due 1/8/31		640,000		537,133
4.300%, due 4/6/29		365,000		353,384
Nissan Motor Acceptance Co. LLC
1.125%, due 9/16/24		340,000		337,776
1.850%, due 9/16/26		995,000		922,986
				3,196,995
Banks — 14.9%
Australia & New Zealand Banking Group Ltd., (Australia)
5.731%, (5 Year US CMT T-Note + 1.62%), due 9/18/34^(a)		610,000		619,599
Banco Santander SA, (Spain)
6.350%, due 3/14/34		600,000		618,066
Bank of America Corp.
2.572%, (SOFR + 1.21%), due 10/20/32^(a)		815,000		692,431

	Principal Amount		Value
Corporate Bonds (continued)
Banks (continued)
2.687%, (SOFR + 1.32%), due 4/22/32^(a)	$	440,000	$	380,455
3.384%, (SOFR + 1.33%), due 4/2/26^(a)		155,000		152,926
Barclays PLC, (United Kingdom)
4.375%, (5 Year US CMT T-Note + 3.41%), due 12/15/72^(a)		480,000		416,330
8.000%, (5 Year US CMT T-Note + 5.43%), due 12/15/72^(a)		215,000		220,815
BNP Paribas SA, (France)
3.052%, (SOFR + 1.51%), due 1/13/31^(a)		440,000		396,392
4.625%, (5 Year US CMT T-Note + 3.20%), due 7/12/73^(a)		350,000		321,940
BPCE SA, (France)
2.045%, (SOFR + 1.09%), due 10/19/27^(a)		1,220,000		1,136,429
6.714%, (SOFR + 2.27%), due 10/19/29^(a)		250,000		262,940
Canadian Imperial Bank of Commerce, (Canada)
3.300%, due 4/7/25		465,000		458,688
Citigroup, Inc.
2.520%, (SOFR + 1.18%), due 11/3/32^(a)		560,000		471,822
Citizens Bank NA
6.064%, (SOFR + 1.45%), due 10/24/25^(a)		795,000		793,173
Citizens Financial Group, Inc.
3.250%, due 4/30/30		285,000		257,876
Comerica, Inc.
5.982%, (SOFR + 2.16%), due 1/30/30^(a)		630,000		631,594
Cooperatieve Rabobank UA, (Netherlands)
3.649%, (1 Year US CMT T-Note + 1.22%), due 4/6/28^(a)		745,000		721,166
Credit Agricole SA, (France)
4.750%, (5 Year US CMT T-Note + 3.24%), due 3/23/73^(a)		560,000		499,396
Deutsche Bank AG/New York NY, (Germany)
2.552%, (SOFR + 1.32%), due 1/7/28^(a)		755,000		707,603
3.729%, (SOFR + 2.76%), due 1/14/32^(a)		570,000		493,721
Fifth Third Bancorp
4.772%, (SOFR + 2.13%), due 7/28/30^(a)		745,000		732,103
First Horizon Bank
5.750%, due 5/1/30		666,000		654,467
Huntington Bancshares, Inc.
5.709%, (SOFR + 1.87%), due 2/2/35^(a)		365,000		369,000
Huntington National Bank (The)
5.650%, due 1/10/30		631,000		645,857
ING Groep NV, (Netherlands)
5.550%, (SOFR + 1.77%), due 3/19/35^(a)		425,000		431,529
6.083%, (SOFR + 1.56%), due 9/11/27^(a)		1,090,000		1,112,586
Intesa Sanpaolo SpA, (Italy)
7.000%, due 11/21/25		830,000		847,024
KeyBank NA
4.150%, due 8/8/25^(d)		485,000		478,721
4.900%, due 8/8/32		570,000		527,138
KeyCorp
6.401%, (SOFR + 2.42%), due 3/6/35^(a)		320,000		333,795
Lloyds Banking Group PLC, (United Kingdom)
4.582%, due 12/10/25		775,000		767,017

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

	Principal Amount		Value
Corporate Bonds (continued)
Banks (continued)
4.976%, (1 Year US CMT T-Note + 2.30%), due 8/11/33^(a)	$	355,000	$	348,178
5.721%, (1 Year US CMT T-Note + 1.07%), due 6/5/30^(a)		260,000		267,428
M&T Bank Corp.
6.082%, (SOFR + 2.26%), due 3/13/32^(a)		270,000		277,031
Macquarie Group Ltd., (Australia)
2.871%, (SOFR + 1.53%), due 1/14/33^(a)		660,000		557,986
4.098%, (SOFR + 2.13%), due 6/21/28^(a)		295,000		288,498
Morgan Stanley
2.484%, (SOFR + 1.36%), due 9/16/36^(a)		1,190,000		964,993
2.511%, (SOFR + 1.20%), due 10/20/32^(a)		695,000		586,915
NatWest Group PLC, (United Kingdom)
3.073%, (1 Year US CMT T-Note + 2.55%), due 5/22/28^(a)		520,000		494,266
5.778%, (1 Year US CMT T-Note + 1.50%), due 3/1/35^(a)		260,000		268,267
Santander Holdings USA, Inc.
6.342%, (SOFR + 2.14%), due 5/31/35^(a)		205,000		210,045
6.499%, (SOFR + 2.36%), due 3/9/29^(a)		430,000		444,013
Societe Generale SA, (France)
4.750%, (5 Year US CMT T-Note + 3.93%), due 11/26/72^(a)		155,000		142,591
5.375%, (5 Year US CMT T-Note + 4.51%), due 5/18/73^(a)		330,000		274,698
7.132%, (1 Year US CMT T-Note + 2.95%), due 1/19/55^(a)		335,000		330,615
10.000%, (5 Year US CMT T-Note + 5.45%), due 5/14/73^(a)		225,000		237,558
Synchrony Bank
5.400%, due 8/22/25		715,000		713,172
Truist Financial Corp.
5.711%, (SOFR + 1.92%), due 1/24/35^(a)(d)		325,000		332,287
UBS Group AG, (Switzerland)
1.364%, (1 Year US CMT T-Note + 1.08%), due 1/30/27^(a)		285,000		268,866
4.375%, (5 Year US CMT T-Note + 3.31%), due 8/10/73^(a)		400,000		334,178
4.875%, (5 Year US CMT T-Note + 3.40%), due 8/12/73^(a)		150,000		141,266
6.442%, (SOFR + 3.70%), due 8/11/28^(a)		550,000		570,698
Westpac Banking Corp., (Australia)
3.020%, (5 Year US CMT T-Note + 1.53%), due 11/18/36^(a)		635,000		535,640
				25,741,788
Biotechnology — 0.2%
Amgen, Inc.
5.750%, due 3/2/63		305,000		307,055

Building Materials — 0.3%
Carrier Global Corp.
2.722%, due 2/15/30		310,000		279,284
Owens Corning
4.400%, due 1/30/48		230,000		190,258
				469,542
Chemicals — 0.8%
Dow Chemical Co. (The)
5.600%, due 2/15/54		345,000		340,298

	Principal Amount		Value
Corporate Bonds (continued)
Chemicals (continued)
Ecolab, Inc.
2.750%, due 8/18/55	$	375,000	$	235,542
Huntsman International LLC
4.500%, due 5/1/29		565,000		544,836
LYB International Finance III LLC
3.800%, due 10/1/60		440,000		305,955
				1,426,631
Commercial Services — 0.5%
Service Corp. International
3.375%, due 8/15/30		390,000		345,067
United Rentals North America, Inc.
3.875%, due 2/15/31		555,000		501,586
				846,653
Computers — 0.3%
Dell International LLC / EMC Corp.
3.375%, due 12/15/41		650,000		490,622

Diversified Financial Services — 3.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, (Ireland)
3.000%, due 10/29/28		200,000		185,063
Air Lease Corp.
3.250%, due 3/1/25		460,000		453,520
Ally Financial, Inc.
6.992%, (SOFR + 3.26%), due 6/13/29^(a)		465,000		488,889
8.000%, due 11/1/31		300,000		337,586
Aviation Capital Group LLC
1.950%, due 1/30/26		660,000		627,025
Avolon Holdings Funding Ltd., (Ireland)
2.875%, due 2/15/25		525,000		516,206
5.750%, due 11/15/29		605,000		616,078
Cantor Fitzgerald LP
7.200%, due 12/12/28		475,000		499,771
Capital One Financial Corp.
6.312%, (SOFR + 2.64%), due 6/8/29^(a)		635,000		658,594
Nomura Holdings, Inc., (Japan)
5.099%, due 7/3/25		440,000		438,835
OneMain Finance Corp.
3.500%, due 1/15/27		400,000		378,008
7.500%, due 5/15/31		395,000		406,167
				5,605,742
Electric — 5.0%
AEP Texas, Inc.
3.450%, due 5/15/51		540,000		366,221
5.250%, due 5/15/52		260,000		241,445
Algonquin Power & Utilities Corp., (Canada)
5.365%, due 6/15/26^(e)		950,000		952,318
Arizona Public Service Co.
5.700%, due 8/15/34		435,000		446,528
6.350%, due 12/15/32		665,000		716,732
Baltimore Gas and Electric Co.
4.550%, due 6/1/52		555,000		480,013
Commonwealth Edison Co.
5.300%, due 2/1/53		335,000		326,411
5.650%, due 6/1/54		240,000		245,757
Enel Finance International NV, (Italy)
5.125%, due 6/26/29		600,000		602,817
Eversource Energy
5.950%, due 7/15/34		645,000		670,628

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

	Principal Amount		Value
Corporate Bonds (continued)
Electric (continued)
Indianapolis Power & Light Co.
5.650%, due 12/1/32	$	370,000	$	381,392
NSTAR Electric Co.
4.950%, due 9/15/52		135,000		125,282
Puget Energy, Inc.
4.224%, due 3/15/32		540,000		495,395
Puget Sound Energy, Inc.
5.685%, due 6/15/54		395,000		403,915
Southern California Edison Co.
5.450%, due 6/1/31		395,000		407,842
5.700%, due 3/1/53		270,000		271,769
TransAlta Corp., (Canada)
7.750%, due 11/15/29		665,000		697,686
Virginia Electric and Power Co.
5.450%, due 4/1/53		280,000		276,464
Series C, 4.625%, due 5/15/52		500,000		435,806
				8,544,421
Environmental Control — 0.5%
Reworld Holding Corp.
4.875%, due 12/1/29		461,000		421,555
Waste Connections, Inc.
2.200%, due 1/15/32		525,000		439,091
				860,646
Food — 1.2%
General Mills, Inc.
5.241%, due 11/18/25		980,000		979,880
MARB BondCo PLC, (Brazil)
3.950%, due 1/29/31		840,000		698,230
Smithfield Foods, Inc.
3.000%, due 10/15/30		170,000		147,798
4.250%, due 2/1/27		265,000		257,892
				2,083,800
Forest Products & Paper — 0.2%
Suzano Austria GmbH, (Brazil)
3.750%, due 1/15/31		485,000		430,168

Gas — 0.8%
Boston Gas Co.
3.757%, due 3/16/32		275,000		245,226
Brooklyn Union Gas Co. (The)
4.866%, due 8/5/32		760,000		722,158
6.388%, due 9/15/33		225,000		237,001
Southern California Gas Co.
6.350%, due 11/15/52		200,000		222,836
				1,427,221
Insurance — 0.1%
Protective Life Corp.
8.450%, due 10/15/39		138,000		174,720

Lodging — 0.5%
Marriott International, Inc.
Series R, 3.125%, due 6/15/26		490,000		474,396
Studio City Finance Ltd., (Macau)
5.000%, due 1/15/29		490,000		436,566
				910,962
Machinery-Diversified — 0.3%
AGCO Corp.
5.800%, due 3/21/34		580,000		590,775

	Principal Amount		Value
Corporate Bonds (continued)
Media — 0.3%
Time Warner Cable LLC
6.750%, due 6/15/39	$	485,000	$	480,306

Mining — 0.4%
WE Soda Investments Holding PLC, (Turkey)
9.375%, due 2/14/31		625,000		643,750

Miscellaneous Manufacturing — 0.2%
Hillenbrand, Inc.
6.250%, due 2/15/29		385,000		389,778

Packaging & Containers — 0.4%
Berry Global, Inc.
4.875%, due 7/15/26		352,000		347,321
Sealed Air Corp/Sealed Air Corp. U.S.
6.125%, due 2/1/28		395,000		397,730
				745,051
Pharmaceuticals — 0.8%
CVS Pass-Through Trust
5.926%, due 1/10/34		118,037		118,074
Eli Lilly & Co.
4.950%, due 2/27/63		400,000		381,406
Teva Pharmaceutical Finance Netherlands III BV, (Israel)
3.150%, due 10/1/26		250,000		236,750
4.750%, due 5/9/27		575,000		557,235
				1,293,465
REITS — 1.6%
Alexandria Real Estate Equities, Inc.
3.375%, due 8/15/31		360,000		325,068
American Homes 4 Rent LP
2.375%, due 7/15/31		905,000		753,197
Host Hotels & Resorts LP
5.700%, due 7/1/34		500,000		505,049
Invitation Homes Operating Partnership LP
2.000%, due 8/15/31		585,000		475,173
Starwood Property Trust, Inc.
4.375%, due 1/15/27		680,000		652,955
				2,711,442
Retail — 0.3%
AutoNation, Inc.
4.750%, due 6/1/30		313,000		306,060
Nordstrom, Inc.
4.250%, due 8/1/31^(d)		185,000		164,645
				470,705
Savings & Loans — 0.4%
Nationwide Building Society, (United Kingdom)
2.972%, (SOFR + 1.29%), due 2/16/28^(a)		655,000		621,899

Software — 0.2%
MSCI, Inc.
3.250%, due 8/15/33		360,000		306,317

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

	Principal Amount		Value
Corporate Bonds (continued)
Telecommunications — 0.4%
AT&T, Inc.
3.500%, due 9/15/53	$	385,000	$	269,168
5.400%, due 2/15/34		170,000		173,678
Verizon Communications, Inc.
5.500%, due 2/23/54		330,000		330,872
				773,718
Water — 0.5%
Aegea Finance Sarl, (Brazil)
9.000%, due 1/20/31		559,000		589,667
American Water Capital Corp.
3.250%, due 6/1/51		460,000		320,796
				910,463
Total Corporate Bonds
(Cost $66,637,248)				66,432,586

Foreign Government Obligation — 0.2%
Colombia Government International Bond, (Colombia)
7.500%, due 2/2/34
(Cost $372,236)		375,000		380,194


U.S. Government & Federal Agencies — 37.3%
Mortgage Securities — 33.2%
Fannie Mae Connecticut Avenue Securities
Series 2021-R02 2B2, 11.547%, (SOFR30A + 6.20%), due 11/25/41^(a)		960,000		1,012,800
Fannie Mae Interest Strip
Series 2022-426 C32, 1.500%, due 2/25/52^(c)		2,262,583		217,230
Series 2023-429 C5, 3.000%, due 10/25/52^(c)		2,018,582		334,158
Fannie Mae Pool
Series 2020-FM5299, 3.500%, due 11/1/50		247,175		224,817
Series 2022-CB3155, 2.000%, due 3/1/52		390,852		314,594
Series 2022-MA4562, 2.000%, due 3/1/52		901,678		725,751
Series 2023-FP0087, 2.000%, due 10/1/50		1,752,863		1,420,525
Series 2023-FS3603, 5.500%, due 8/1/53		629,694		633,364
Series 2023-FS5641, 6.000%, due 8/1/53		455,388		463,877
Series 2023-FS5758, 6.000%, due 9/1/53		604,314		616,074
Series 2023-FS6211, 6.000%, due 11/1/53		201,676		205,975
Series 2023-FS6542, 6.500%, due 12/1/53		71,746		73,786
Series 2023-MA4919, 5.500%, due 2/1/53		179,939		180,294
Series 2023-MA5139, 6.000%, due 9/1/53		189,340		192,009
Series 2024-FS7587, 5.500%, due 4/1/54		661,474		663,797

	Principal Amount		Value
U.S. Government & Federal Agencies (continued)
Mortgage Securities (continued)
Series 2024-FS7645, 4.500%, due 1/1/54	$	1,186,592	$	1,143,325
Fannie Mae REMICS
Series 2016-19 SD, 0.638%, (SOFR30A + 5.99%), due 4/25/46^(a)(c)		1,423,537		107,511
Series 2016-57 SN, 0.588%, (SOFR30A + 5.94%), due 6/25/46^(a)(c)		604,764		64,917
Series 2019-32 SB, 0.588%, (SOFR30A + 5.94%), due 6/25/49^(a)(c)		1,042,233		106,181
Series 2020-70 SD, 0.788%, (SOFR30A + 6.14%), due 10/25/50^(a)(c)		819,682		107,643
Series 2021-12 JI, 2.500%, due 3/25/51^(c)		615,301		94,695
Series 2021-34 IS, (SOFR30A + 2.91%), due 11/25/42^(a)(c)		2,459,794		74,559
Series 2021-34 MI, 2.500%, due 3/25/51^(c)		880,265		118,231
Series 2021-40 SI, 0.488%, (SOFR30A + 5.84%), due 9/25/47^(a)(c)		997,974		101,394
Series 2021-54 HI, 2.500%, due 6/25/51^(c)		187,886		24,296
Series 2021-8 ID, 3.500%, due 3/25/51^(c)		717,856		156,329
Series 2021-95 KI, 2.500%, due 4/25/51^(c)		2,444,370		369,229
Series 2022-10 SA, 0.403%, (SOFR30A + 5.75%), due 2/25/52^(a)(c)		810,918		114,600
Series 2022-5 SN, (SOFR30A + 1.80%), due 2/25/52^(a)(c)		365,252		248
Series 2023-24 OQ, 0.000%, due 7/25/54^(f)(g)		487,504		403,246
Freddie Mac Pool
Series 2022-RA6622, 2.500%, due 1/1/52		912,233		773,644
Series 2022-SD8215, 4.000%, due 5/1/52		254,727		239,068
Series 2023-RA8647, 4.500%, due 5/1/53		410,466		395,839
Series 2023-SD3392, 5.500%, due 7/1/53		315,627		317,092
Series 2023-SD3770, 2.500%, due 3/1/52		200,696		170,075
Series 2023-SD4026, 6.000%, due 10/1/53		224,575		228,692
Series 2023-SD4149, 5.000%, due 5/1/53		1,406,443		1,386,993
Series 2023-SD4268, 6.000%, due 11/1/53		216,884		221,512
Series 2023-SD4471, 6.500%, due 12/1/53		123,991		127,479
Series 2024-SD5040, 5.500%, due 3/1/54		643,844		646,168
Series 2024-SD5184, 4.000%, due 3/1/53		1,132,443		1,062,800
Series 2024-SD8407, 5.000%, due 3/1/54		721,703		710,556
Freddie Mac REMICS
Series 2017-4710 WZ, 3.500%, due 8/15/47		534,850		488,158
Series 2017-4725 WZ, 3.500%, due 11/15/47		949,542		863,358

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

	Principal Amount		Value
U.S. Government & Federal Agencies (continued)
Mortgage Securities (continued)
Series 2020-4993 KS, 0.588%, (SOFR30A + 5.94%), due 7/25/50^(a)(c)	$	1,493,043	$	189,492
Series 2020-4994 TS, 0.638%, (SOFR30A + 5.99%), due 7/25/50^(a)(c)		773,770		98,284
Series 2020-5013 DI, 3.000%, due 9/25/50^(c)		1,689,488		277,234
Series 2020-5021 SA, (SOFR30A + 3.55%), due 10/25/50^(a)(c)		802,668		26,970
Series 2020-5031 IQ, 2.500%, due 10/25/50^(c)		504,612		79,746
Series 2020-5038 IB, 2.500%, due 10/25/50^(c)		496,096		78,773
Series 2020-5040 IO, 3.500%, due 11/25/50^(c)		751,758		142,234
Series 2021-5070 PI, 3.000%, due 8/25/50^(c)		850,546		151,043
Series 2021-5092 SH, (SOFR30A + 2.45%), due 2/25/51^(a)(c)		700,477		4,422
Series 2021-5092 XA, 1.000%, due 1/15/41		406,747		344,038
Series 2021-5149 LI, 2.500%, due 10/25/51^(c)		1,694,267		199,965
Series 2021-5187 SA, (SOFR30A + 1.80%), due 1/25/52^(a)(c)		614,374		1,318
Series 2022-5191 IO, 3.500%, due 9/25/50^(c)		882,397		166,572
Series 2022-5204 KA, 3.000%, due 5/25/49		880,696		818,011
Series 2022-5268 B, 4.500%, due 10/25/52		590,864		570,487
Series 2023-5304 UB, 4.000%, due 2/25/52		360,414		341,579
Series 2023-5315 OQ, 0.000%, due 1/25/55^(f)(g)		375,386		307,735
Series 2023-5326, 0.000%, due 8/25/53^(f)(g)		236,408		191,458
Series 2023-5326 QO, 0.000%, due 9/25/50^(f)(g)		353,860		250,214
Series 2023-5328 JY, 0.250%, due 9/25/50		747,569		505,714
Series 2023-5351 DO, 0.000%, due 9/25/53^(f)(g)		493,748		416,158
Series 2023-5351 EO, 0.000%, due 10/25/53^(f)(g)		329,627		277,441
Series 2023-5363, 0.000%, due 12/25/53^(f)(g)		468,316		400,903
Freddie Mac STACR REMIC Trust
Series 2020-DNA2 B2, 10.262%, (SOFR30A + 4.91%), due 2/25/50^(a)		365,000		397,267
Series 2020-DNA6 B1, 8.347%, (SOFR30A + 3.00%), due 12/25/50^(a)		635,000		683,586
Series 2020-HQA1 B2, 10.562%, (SOFR30A + 5.21%), due 1/25/50^(a)		975,000		1,055,273
Series 2020-HQA5 B1, 9.347%, (SOFR30A + 4.00%), due 11/25/50^(a)		900,000		1,011,375
Series 2021-DNA2 B1, 8.747%, (SOFR30A + 3.40%), due 8/25/33^(a)		615,000		687,841
Series 2021-DNA2 B2, 11.347%, (SOFR30A + 6.00%), due 8/25/33^(a)		445,000		525,238
Series 2021-DNA5 B1, 8.397%, (SOFR30A + 3.05%), due 1/25/34^(a)		1,190,000		1,279,226

	Principal Amount		Value
U.S. Government & Federal Agencies (continued)
Mortgage Securities (continued)
Series 2021-DNA5 B2, 10.847%, (SOFR30A + 5.50%), due 1/25/34^(a)	$	730,000	$	823,681
Series 2021-HQA1 B1, 8.347%, (SOFR30A + 3.00%), due 8/25/33^(a)		765,000		841,395
Series 2021-HQA2 B1, 8.497%, (SOFR30A + 3.15%), due 12/25/33^(a)		840,000		934,368
Series 2021-HQA2 B2, 10.797%, (SOFR30A + 5.45%), due 12/25/33^(a)		410,000		458,590
Series 2022-DNA1 B1, 8.747%, (SOFR30A + 3.40%), due 1/25/42^(a)		640,000		661,409
Series 2022-HQA2 M2, 11.347%, (SOFR30A + 6.00%), due 7/25/42^(a)		155,000		172,498
Series 2022-HQA3 M2, 10.697%, (SOFR30A + 5.35%), due 8/25/42^(a)		390,000		427,507
Series 2023-HQA1 M2, 10.847%, (SOFR30A + 5.50%), due 5/25/43^(a)		385,000		429,168
Freddie Mac STACR Trust
Series 2019-HQA3 B2, 12.962%, (SOFR30A + 7.61%), due 9/25/49^(a)		480,000		546,328
Freddie Mac Strips
Series 2012-272, 0.000%, due 8/15/42^(f)(g)		521,445		399,970
Series 2013-311, 0.000%, due 8/15/43^(f)(g)		158,653		121,394
Series 2013-311 S1, 0.498%, (SOFR30A + 5.84%), due 8/15/43^(a)(c)		804,048		88,987
Series 2022-389 C35, 2.000%, due 6/15/52^(c)		1,251,292		160,003
Series 2023-402, 0.000%, due 9/25/53^(f)(g)		568,360		468,762
Government National Mortgage Association
Series 2019-106 FA, 4.000%, (TSFR1M + 0.71%), due 8/20/49^(a)		258,243		237,714
Series 2019-128 KF, 3.500%, (TSFR1M + 0.76%), due 10/20/49^(a)		253,989		227,484
Series 2019-128 YF, 3.500%, (TSFR1M + 0.76%), due 10/20/49^(a)		264,030		236,599
Series 2019-136 YS, (TSFR1M + 2.72%), due 11/20/49^(a)(c)		284,672		3,847
Series 2019-159 P, 2.500%, due 9/20/49		575,684		499,406
Series 2019-92 GF, 3.500%, (TSFR1M + 0.80%), due 7/20/49^(a)		246,974		221,898
Series 2019-97 FG, 3.500%, (TSFR1M + 0.80%), due 8/20/49^(a)		682,485		610,465
Series 2020-1 YF, 3.500%, (TSFR1M + 0.78%), due 1/20/50^(a)		475,544		425,011
Series 2020-1 YS, (TSFR1M + 2.72%), due 1/20/50^(a)(c)		1,310,688		18,194
Series 2020-129 SB, (TSFR1M + 3.09%), due 9/20/50^(a)(c)		1,797,048		30,416
Series 2020-146 KI, 2.500%, due 10/20/50^(c)		1,452,278		199,654
Series 2020-146 SA, 0.840%, (TSFR1M + 6.19%), due 10/20/50^(a)(c)		885,169		117,885
Series 2020-151 TI, 2.500%, due 10/20/50^(c)		868,546		119,802
Series 2020-168 IA, 0.979%, due 12/16/62^(a)(b)(c)		1,522,857		110,112
Series 2020-175 CS, 0.840%, (TSFR1M + 6.19%), due 11/20/50^(a)(c)		985,108		123,226

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

	Principal Amount		Value
U.S. Government & Federal Agencies (continued)
Mortgage Securities (continued)
Series 2020-176 AI, 2.000%, due 11/20/50^(c)	$	600,065	$	70,206
Series 2020-185 BI, 2.000%, due 12/20/50^(c)		732,042		78,977
Series 2020-189 SU, 0.840%, (TSFR1M + 6.19%), due 12/20/50^(a)(c)		617,382		88,595
Series 2020-34 SC, 0.590%, (TSFR1M + 5.94%), due 3/20/50^(a)(c)		946,172		112,167
Series 2020-5 FA, 3.500%, (TSFR1M + 0.81%), due 1/20/50^(a)		611,594		546,834
Series 2021-1 IT, 3.000%, due 1/20/51^(c)		1,304,925		213,960
Series 2021-1 PI, 2.500%, due 12/20/50^(c)		762,437		94,757
Series 2021-122 HS, 0.840%, (TSFR1M + 6.19%), due 7/20/51^(a)(c)		1,146,280		164,986
Series 2021-140 GF, 2.500%, (TSFR1M + 0.76%), due 8/20/51^(a)		518,775		426,403
Series 2021-146 IN, 3.500%, due 8/20/51^(c)		1,111,147		194,163
Series 2021-149 CI, 2.500%, due 8/20/51^(c)		1,258,237		176,619
Series 2021-158 SB, (SOFR30A + 3.70%), due 9/20/51^(a)(c)		977,178		38,611
Series 2021-16 AS, (TSFR1M + 2.64%), due 1/20/51^(a)(c)		2,314,936		23,606
Series 2021-164 IO, 0.949%, due 10/16/63^(a)(b)(c)		2,016,023		147,402
Series 2021-177 CI, 2.500%, due 10/20/51^(c)		960,059		122,286
Series 2021-179 SA, 0.840%, (TSFR1M + 6.19%), due 11/20/50^(a)(c)		1,381,887		184,643
Series 2021-188 IO, 2.500%, due 10/20/51^(c)		3,507,868		578,467
Series 2021-205 DS, (SOFR30A + 3.20%), due 11/20/51^(a)(c)		3,198,478		74,786
Series 2021-226 SA, (SOFR30A + 1.70%), due 12/20/51^(a)(c)		1,587,121		3,923
Series 2021-29 AS, (SOFR30A + 2.70%), due 2/20/51^(a)(c)		2,256,516		33,241
Series 2021-30 DI, 2.500%, due 2/20/51^(c)		1,244,534		173,438
Series 2021-42 BI, 2.500%, due 3/20/51^(c)		588,020		82,664
Series 2021-46 BS, (TSFR1M + 2.69%), due 3/20/51^(a)(c)		2,143,679		20,911
Series 2021-46 QS, 0.840%, (TSFR1M + 6.19%), due 3/20/51^(a)(c)		545,830		75,867
Series 2021-46 TS, 0.840%, (TSFR1M + 6.19%), due 3/20/51^(a)(c)		697,972		97,787
Series 2021-47 IO, 0.992%, due 3/16/61^(a)(b)(c)		3,549,529		247,715
Series 2021-49 SB, 0.840%, (TSFR1M + 6.19%), due 3/20/51^(a)(c)		803,188		111,811
Series 2021-57 SA, 0.840%, (TSFR1M + 6.19%), due 3/20/51^(a)(c)		2,103,148		277,254
Series 2021-64 GS, (SOFR30A + 1.65%), due 4/20/51^(a)(c)		360,557		544
Series 2021-64 SG, (SOFR30A + 1.60%), due 4/20/51^(a)(c)		805,951		1,215
Series 2021-67 PI, 3.000%, due 4/20/51^(c)		757,712		120,430

	Principal Amount		Value
U.S. Government & Federal Agencies (continued)
Mortgage Securities (continued)
Series 2021-74 HI, 3.000%, due 4/20/51^(c)	$	175,151	$	27,031
Series 2021-83 FM, 2.500%, (SOFR30A + 0.51%), due 5/20/51^(a)		1,498,450		1,235,721
Series 2021-96 FG, 3.500%, (SOFR30A + 0.30%), due 6/20/51^(a)		871,103		776,403
Series 2021-97 FA, 3.000%, (SOFR30A + 0.40%), due 6/20/51^(a)		1,936,314		1,655,682
Series 2021-97 IN, 2.500%, due 8/20/49^(c)		2,259,300		213,422
Series 2021-97 SA, (SOFR30A + 2.60%), due 6/20/51^(a)(c)		4,529,350		51,683
Series 2021-97 SM, 0.840%, (TSFR1M + 6.19%), due 6/20/51^(a)(c)		1,246,561		182,682
Series 2021-98 IN, 3.000%, due 6/20/51^(c)		586,165		103,359
Series 2022-1 IA, 2.500%, due 6/20/50^(c)		362,115		47,000
Series 2022-101 SB, (SOFR30A + 3.30%), due 6/20/52^(a)(c)		1,225,382		19,499
Series 2022-107 SA, (SOFR30A + 3.47%), due 6/20/52^(a)(c)		6,179,329		118,152
Series 2022-113 Z, 2.000%, due 9/16/61		625,506		329,275
Series 2022-137 S, 0.840%, (TSFR1M + 6.19%), due 7/20/51^(a)(c)		1,231,468		157,999
Series 2022-185 DI, 1.023%, due 10/16/65^(a)(b)(c)		1,308,305		97,962
Series 2022-19 SG, (SOFR30A + 2.45%), due 1/20/52^(a)(c)		1,563,120		12,399
Series 2022-206 CN, 3.000%, due 2/20/52		497,062		437,816
Series 2022-24 SC, (SOFR30A + 2.37%), due 2/20/52^(a)(c)		13,948,097		74,734
Series 2022-34 HS, (SOFR30A + 4.10%), due 2/20/52^(a)(c)		2,280,876		115,311
Series 2022-69 FA, 4.500%, (SOFR30A + 0.75%), due 4/20/52^(a)		233,827		218,848
Series 2022-78 S, (SOFR30A + 3.70%), due 4/20/52^(a)(c)		1,179,600		23,845
Series 2022-83 IO, 2.500%, due 11/20/51^(c)		880,658		122,639
Series 2022-87 SA, (SOFR30A + 3.30%), due 5/20/52^(a)(c)		2,449,647		40,269
Series 2023-101 KO, 0.000%, due 1/20/51^(f)(g)		1,160,292		782,044
Series 2023-114 MO, 0.000%, due 8/20/53^(f)(g)		357,578		296,452
Series 2023-159 CI, 0.956%, due 7/16/65^(a)(b)(c)		2,896,850		226,831
Series 2023-172 IO, 1.386%, due 2/16/66^(a)(b)(c)		2,009,980		201,704
Series 2023-19 IO, 2.500%, due 2/20/51^(c)		1,717,729		239,883
Series 2023-194 CI, 0.876%, due 10/16/65^(a)(b)(c)		2,301,326		159,452
Series 2023-38 WT, 6.643%, due 12/20/51^(a)(b)		291,567		309,055
Series 2023-53, 0.000%, due 4/20/53^(f)(g)		297,596		236,346
Series 2023-55 CG, 7.490%, due 7/20/51^(a)(b)		492,711		548,633
Series 2023-55 LB, 7.802%, due 11/20/51^(a)(b)		450,144		517,068

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

	Principal Amount		Value
U.S. Government & Federal Agencies (continued)
Mortgage Securities (continued)
Series 2023-56 SK, 0.590%, (TSFR1M + 5.94%), due 4/20/51^(a)(c)	$	2,407,804	$	260,876
Series 2023-59 YC, 6.963%, due 9/20/51^(a)(b)		649,957		707,311
Series 2023-60 ES, 0.512%, (SOFR30A + 11.20%), due 4/20/53^(a)		651,199		602,178
Series 2023-66 MP, 1.612%, (SOFR30A + 12.30%), due 5/20/53^(a)		683,738		676,498
Series 2023-66 OQ, 0.000%, due 7/20/52^(f)(g)		742,305		585,592
Series 2023-80 SA, (SOFR30A + 5.25%), due 6/20/53^(a)(c)		2,915,683		122,453
Series 2023-81 LA, 5.000%, due 6/20/52		307,415		307,137
Series 2023-86 SE, 1.306%, (SOFR30A + 6.65%), due 9/20/50^(a)(c)		849,935		122,608
Series 2024-29 B, 2.500%, due 8/16/64^(a)(b)		635,000		484,645
				57,125,024
U.S. Treasury Bonds — 1.0%
U.S. Treasury Bonds
4.340%, due 5/15/54		440,000		460,762
4.420%, due 5/15/44^(d)		1,275,000		1,309,465
				1,770,227
U.S. Treasury Note — 3.1%
U.S. Treasury Notes
3.920%, due 7/31/29		2,260,000		2,267,769
4.000%, due 7/31/31		785,000		792,727
4.375%, due 7/31/26		2,260,000		2,264,944
				5,325,440
Total U.S. Government & Federal Agencies
(Cost $62,784,534)				64,220,691

U.S. Treasury Bills — 0.8%
U.S. Treasury Bill
0.000%, due 9/24/24^(f)
(Cost $1,388,981)		1,400,000		1,388,965


U.S. Treasury Inflation Indexed Bond — 1.2%
U.S. Treasury Inflation Indexed Bonds
1.375%, due 7/15/33
(Cost $2,070,725)		2,085,000		2,078,663

	Shares			Value
Short-Term Investments — 1.5%
Money Market Funds — 1.5%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 5.21%^(h)		2,190,058		2,190,058

	Shares		Value
Short-Term Investments (continued)
Money Market Funds (continued)
Dreyfus Government Cash Management Fund, Institutional Shares, 5.21%^(h)(i)		336,600	$	336,600

Total Short-Term Investments
(Cost $2,526,658)				2,526,658

Total Investments — 99.5% (Cost $169,544,733)				171,328,184
Other Assets and Liabilities, Net — 0.5%				925,979
Net Assets — 100%			$	172,254,163

(a)	Variable rate securities that may be tendered back to the issuer at any time prior to maturity at par. Rate shown is the rate in effect as of July 31, 2024.
(b)	Adjustable rate security with an interest rate that is not based on a published reference index and spread. The rate is based on the structure of the agreement and current market conditions.
(c)	Interest only security. An interest only security is the interest only portion of a fixed income security, which is separated and sold individually from the principal portion of the security.
(d)	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 $326,463; total market value of collateral held by the Fund was $1,672,251. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $1,335,651.
(e)	Represents a step up coupon bond that pays an initial coupon rate for the first period and a higher coupon rate for the following periods. Rate shown is the rate in effect at July 31, 2024.
(f)	The security was issued on a discount basis with no stated coupon rate. Rate shown reflects the effective yield.
(g)	A principal only security is the principal only portion of a fixed income security, which is separated and sold individually from the interest portion of the security.
(h)	Reflects the 7-day yield at July 31, 2024.
(i)	Represents security purchased with cash collateral received for securities on loan.

Abbreviations
CMT	- 1 year Constant Maturity Treasury Index
SOFR	- Secured Financing Overnight Rate

Schedule of Investments ─ NYLI MacKay ESG Core Plus Bond ETF (formerly, IQ MacKay ESG Core Plus Bond ETF) (continued)

July 31, 2024 (unaudited)

Open futures contracts outstanding at July 31, 2024:

Type	Broker	Expiration Date	Number of Contracts Purchased (Sold)		Notional Value at Trade Date			Notional Value at July 31, 2024			Unrealized Appreciation (Depreciation)
Euro-SCHATZ	Citigroup Global Markets Inc.	September 2024	30		$	3,432,186		$	3,443,509		$	11,323
U.S. 10 Year Note (CBT)	Citigroup Global Markets Inc.	September 2024	114			12,482,952			12,746,625			263,673
U.S. 10 Year Ultra Note	Citigroup Global Markets Inc.	September 2024	(47	)		(5,299,235	)		(5,432,172	)		(132,937	)
U.S. 2 Year Note (CBT)	Citigroup Global Markets Inc.	September 2024	(40	)		(8,185,867	)		(8,214,687	)		(28,820	)
U.S. 5 Year Note (CBT)	Citigroup Global Markets Inc.	September 2024	(17	)		(1,805,838	)		(1,834,141	)		(28,303	)
U.S. Long Bond (CBT)	Citigroup Global Markets Inc.	September 2024	66			7,700,846			7,971,563			270,717
U.S. Ultra Bond (CBT)	Citigroup Global Markets Inc.	September 2024	67			8,268,650			8,573,906			305,256
											$	660,909

CBT — Chicago Board of Trade

Cash posted as collateral to broker for futures contracts was $769,060 at July 31, 2024.

The following is a summary of the inputs used to value the Fund’s investments as of July 31, 2024. 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:^(j)
Collateralized Mortgage Obligations	$	—		$	6,467,093	$	—	$	6,467,093
Commercial Asset-Backed Securities		—			12,901,840		—		12,901,840
Commercial Mortgage-Backed Securities		—			14,931,494		—		14,931,494
Corporate Bonds		—			66,432,586		—		66,432,586
Foreign Government Obligation		—			380,194		—		380,194
U.S. Government & Federal Agencies		—			64,220,691		—		64,220,691
U.S. Treasury Bills		—			1,388,965		—		1,388,965
U.S. Treasury Inflation Indexed Bond		—			2,078,663		—		2,078,663
Short-Term Investments:
Money Market Funds		2,526,658			—		—		2,526,658
Total Investments in Securities		2,526,658			168,801,526		—		171,328,184
Other Financial Instruments:^(k)
Futures Contracts		850,969			—		—		850,969
Total Investments in Securities and Other Financial Instruments	$	3,377,627		$	168,801,526	$	—	$	172,179,153
Liability Valuation Inputs
Other Financial Instruments:^(k)
Futures Contracts	$	(190,060	)	$	—	$	—	$	(190,060	)

(j)	For a complete listing of investments and their industries, see the Schedule of Investments.
(k)	Reflects the unrealized appreciation (depreciation) of the instruments.

For the period ended July 31, 2024, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.

IndexIQ Active ETF Trust NPORT-PNYLI MacKay ESG Core Plus Bond ETF (Jul 2024 report)