INDEXIQ ETF TRUST
(the “Trust”)
IQ Hedge Long/Short Tracker ETF
(the “Fund”)
Supplement dated December 30, 2021 (“Supplement”)
to the Summary Prospectus and Prospectus dated August 31, 2021
Capitalized terms and certain other terms used in this Supplement have the meanings assigned to them in the Summary Prospectus and Prospectus.
Effective December 31, 2021, all references to the HFRI Equity Hedge Index are hereby deleted. Additionally, the Fund has added the Barclay Equity Long/Short Index as an additional index. As a result, the “Performance Information” section in the Summary Prospectus and Prospectus is hereby replaced with the following:
Performance Information
The bar chart that follows shows the annual total returns of the Fund for a full calendar year. The table that follows the bar chart shows the Fund’s average annual total returns, both before and after taxes. The bar chart and table provide an indication of the risks of investing in the Fund by comparing the Fund’s performance from year to year and by showing how the Fund’s average annual returns for one calendar year compared with its underlying index and additional broad measures of market performance. The MSCI World Index has replaced the Fund’s comparative index, which is not available for the Fund’s use. The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets (performance data assumes reinvestment of dividends, but it does not reflect management fees, transaction costs or other expenses). The Barclay Equity Long/ Short Index is a measure of the average net returns of all reporting equity long/short funds in the Barclay Hedge database.
All returns assume reinvestment of dividends and distributions. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Performance reflects fee waivers and/or expense reimbursement in effect, if such waivers or reimbursements were not in place, the Fund’s performance would be reduced. Fund performance current to the most recent month-end is available by calling 1-888-474-7725 or by visiting newyorklifeinvestments.com.
The Fund’s year-to-date total return as of June 30, 2021 was 5.55%.
Best and Worst Quarter Returns (for the period reflected in the bar chart above)
| | | Return | | | Quarter/Year | |
Highest Return | | | | | 14.01% | | | | | | 2Q/2020 | | |
Lowest Return | | | | | -12.27% | | | | | | 1Q/2020 | | |