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.

The constituents of the Russell Midcap® Index were used by IndexIQ LLC as the starting universe for selection of the companies included in the IQ U.S. Mid Cap R&D Leaders Index.  FTSE International Limited and its affiliates (“FTSE Russell”) do not in any way create, calculate, maintain, review, sponsor, support, promote or endorse the IQ U.S. Mid Cap R&D Leaders Index or the IQ U.S. Mid Cap R&D Leaders ETF.  In no event shall any FTSE Russell party have any liability for any direct, indirect, special, incidental, punitive, consequential (including without limitation lost profits) or any other damages in connection with the constituents of the Russell Midcap® Index or the IQ U.S. Mid Cap R&D Leaders Index.