Index IQ Reduced fees of the IQ Hedge Multi-Strategy Tracker ETF

IndexIQ is waiving a portion of the management fee for its $1 billion IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI) to reduce the fee by 29% to 53 basis points, a 22-basis point reduction. Including acquired fund fees, the total expense ratio for QAI after the fee waiver will now be 76 basis points. This change is effective November 1, 2017.