IQ Innovation Leaders Index

The IQ Innovation Leaders Index employs fundamental factors to identify companies that are driving innovation throughout their business processes. Companies gain competitive advantages through innovation when they mobilize internal resources to drive good ideas from conception to successful execution. Financial metrics relating to research and development expense, capital expenditures, and other innovation-related factors are at the forefront of IndexIQ research to identify companies driving tomorrow's innovations.

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. One cannot invest directly in an index. Index performance information prior to its publication date of February 26, 2007 is based on a hypothetical back test based on calculations of what would have been the exposure and returns of the Index had it existed at that time, which has inherent limitations. Performance data for the Index assumes reinvestment of dividends, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in a fund directly. The Nasdaq Composite Index includes over 3,000 securities and is calculated using a market capitalization-weighted methodology (performance data does not reflect dividends, management fees, transaction costs or other expenses). The Index is the exclusive property of IndexIQ which has contracted with Standard & Poor's ("S&P") to maintain and calculate the Index. S&P shall have no liability for any errors or omissions in calculating the Index.

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