This fund employs a passive, indexing-based investment strategy, aiming to replicate the performance of its target index. The benchmark index was developed by IndexIQ LLC, with Candriam Belgium S.A. providing consultation. It encompasses securities issued by large, medium, and small-capitalization companies trading in both U.S. and various global markets. Notably, while it includes a broad range of international equities, the index specifically excludes those from emerging markets located in China, Egypt, India, Kuwait, Pakistan, Qatar, Saudi Arabia, and the United Arab Emirates.
