IndexIQ's IQ Hedge Beta Indexes were launched in March 2007 as the market's first family of hedge fund replication indexes. This suite of indexes serves as the basis for IndexIQ's other hedge fund replication indexes, which themselves underlie IndexIQ's hedge fund replication ETFs.
The IQ Hedge Event-Driven Beta Index (IQHGEDB) attempts to replicate the risk-adjusted return characteristics of the collective hedge funds using an event-driven investment style. Event-driven hedge fund managers typically invest in a combination of credit opportunities, such as high yield, leveraged loans, and capital structure arbitrage, and event-driven equities, such as risk arbitrage, holding company arbitrage, and special situations.
The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Performance may be lower or higher than performance data quoted. Index performance is for illustrative purposes only and does not represent actual Fund performance. One cannot invest directly in an index. Performance data for the Index assumes reinvestment of dividends and is net of the management fees for the Index's components, as applicable, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly. Results prior to an Index component's existence as an ETF are based on its underlying index, which do not reflect underlying management fees.
IQ Hedge Event-Driven Beta Index is the exclusive property of IndexIQ which has contracted with Structured Solutions to maintain and calculate the Index.