All data is from New York Life Investments unless otherwise stated.

“New York Life Investments” is both a service mark, and the common trade name, of the investment advisors affiliated with New York Life Insurance Company.

1. As of June 30, 2019. Assets under management includes the assets of the investment advisors affiliated with New York Life Insurance Company. AUM beginning in 2012 excludes Assets under Administration. AUM is reported in USD. AUM that are not denominated in USD are converted using spot rates as of the reporting date.

2. Source: New York Life Investments ranked 30th among the world’s largest money managers within Pensions & Investments, May 2018. Rankings are based on total worldwide institutional assets under management for the year-end 2017. New York Life Investments assets includes assets of affiliated investment advisors.

3. NYL Affiliated Assets includes NYL Pension Plans, NYL Separate Accounts, Variable Products, and NYL Other Affiliated Accounts.

4. February 3, 2014, New York Life Investment Management Holdings LLC completed the acquisition of Candriam (formerly Dexia Asset Management) and its investment boutique Ausbil adding $100 billion in assets under management.

5. Effective April 14, 2015, New York Life Investment Management Holdings LLC completed the sale of New York Life Retirement Plan Services (RPS), excluding the stable value business, to Manulife. Retained assets include Stable Value Products, MainStay Funds, and Pension Plan Accounts.

6. Source: Barron’s, 3/8/19. Overall, MainStay Funds ranked number 2 for the one year period, 21 for the five year period, and 31 for the 10 year period ended December 31, 2018, out of 57 fund families. Past performance is no guarantee of future results, which will vary. For the most recent MainStay Funds performance, please visit our website at mainstayinvestments.com

7. Candriam is registered in the U.S. with the Securities and Exchange Commission, but not all of their products are available in the U.S.

8. Fixed Income Investors, Real Estate Investors, and Private Capital Investors are all investment groups withinNYL Investors LLC. NYL Investors AUM: book value: $233.4 billion; market value: $18.5 billion; cost + unfunded commitments: $0.8 billion.

9. In January 2019, New York Life Investment Management Holdings LLC transferred its 60% ownership of Credit Value Partners to MacKay Shields.

10. In USD based on June 30, 2019 spot rate (EUR/USD=1.11); AUM excludes $2B of assets distributed by Candriam and managed by other affiliates. Candriam has about 15.2B of Assets Under Administration, which are their ManCo and Multi Manager Services assets.

11. As of March 31, 2019.

12. AUM represents $3.0 billion of assets that are managed by Madison Capital Funding on behalf of third parties. Madison Capital Funding’s balance sheet assets amounted to $5.9 billion (inclusive of $0.07 billion of mezzanine investments). Total Assets including commitments was $10.6 billion as of 6/30/2019.

13. New York Life Investments does not provide legal, accounting or tax advice. You should obtain advice specific to your circumstances from your own legal, accounting and tax advisors.

How Barron’s Ranks the Fund Families: To qualify for the Barron’s Fund Survey, a fund family must have at leastthree funds in Lipper’s general equity category, one in world equity, one mixed-asset fund (such as a balanced or target-date fund), two taxable-bond funds, and one national tax-exempt bond fund. Fund loads and 12b-1 fees aren’t included in the calculation of returns because the aim is to measure the manager’s skill. Each fund’s return is measured against all funds in its Lipper category, resulting in a percentile ranking of 100 being the highest and one the lowest. This result is then weighted by asset size, relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, that boosts its overall showing; poor performance in its biggest funds hurts a firm’s ranking. Finally, the score is multiplied by the general classification weightings as determined by the entire Lipper universe of funds. The category weightings for the one-year results in 2018 were general equity, 34.8%; mixed asset, 21.3%; world equity, 17.1%; taxable bond, 22.4%; and tax-exempt bond, 4.4%. The category weightings for the five-year results in 2018 were general equity, 35.9%; mixed asset, 19.7%; world equity, 17.3%; taxable bond, 22.5%; and tax-exempt bond, 4.5%. For the 10-year list, they were general equity, 37.1%; mixed asset, 20%, world equity, 16.7%; taxable bond, 21.2%; and tax-exempt bond, 4.9%. Ranking data is from Lipper.

The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any strategies discussed will be effective. This material contains general information only and does not take into account an individual’s financial or tax circumstances. This information should not be relied upon as a primary basis for an investment decision. Rather, an assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decision.

For more information about MainStay Funds®, or IndexIQ ETF’s call 800-624-6782 for a prospectus or summary prospectus. Investors are asked to consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus or summary prospectus contains this and other information about the investment company. Please read the prospectus or summary prospectus carefully before investing.

IndexIQ® is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves as the advisor to the IndexIQ ETFs. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors LLC is a Member FINRA/SIPC. The MainStay Funds® are managed by New York Life Investment Management LLC and distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA/SIPC.