Girls Who Code Announces Collaboration with New York Life Investments; Launch of Exchange Traded Fund Focusing on Closing Gender Gap in Tech

NEW YORK, NY, October 21, 2021– Girls Who Code is today proudly announcing a new collaboration with New York Life Investments and IndexIQ focused on the launch of Engender Equality ETF (EQUL), an innovative exchange-traded fund.

The Fund, part of New York Life Investments’ expanding family of Dual Impact offerings, has been launched in alignment with the mission of our organization, with an investment thesis reflecting our initiatives, research and programs and a commitment from New York Life Investments to make a contribution equal to ten percent of the Fund’s management fee to Girls Who Code on an ongoing basis, supporting the important work we are doing in our Clubs programs which are key to engaging our youngest students.

“We’re thrilled with the opportunity to partner with New York Life Investment Management as we work to close the gender gap in tech by 2030,” said Tarika Barrett, CEO of Girls Who Code. “At Girls Who Code, we understand that the best way to build a pipeline of women in the tech industry is to foster a passion for computer science for our youngest students. The generosity from NYLI will allow us to better support our Clubs programs: free after-school programs for 3rd-12th grade students that can be hosted either in-person or virtually. Together, we’ll bring sisterhood and community to girls around the world and provide them with the tools and confidence they need to make a difference.”

For more information about Engender Equality ETF (EQUL) and the collaboration between New York Life Investments and Girls Who Code, please visit

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About Girls Who Code

Girls Who Code is an international nonprofit organization working to close the gender gap in technology, and leading the movement to inspire, educate, and equip young women with the computing skills needed to pursue 21st century opportunities.

Since launching in 2012, Girls Who Code has reached 450,000 girls through our in-person programming and we have nearly 90,000 college-aged alumni. We have sparked culture change through marketing campaigns and advocacy efforts, generating 13 Billion engagements globally. In 2018, the organization was named the #1 Most Innovative Non-Profit on Fast Company’s Most Innovative Companies list.

Follow the organization on social media @GirlsWhoCode.

Media Contacts:

New York Life Investments / IndexIQ:

Allison Scott / Sara Guenoun Chris Sullivan/Julia Stoll

[email protected] [email protected]

[email protected] [email protected]


“IQ Engender Equality ETF (the “Fund”) is offered by IndexIQ, the Fund’s sponsor, in alignment with Girls Who Code Inc. (“GWC”). The Fund is designed to promote investment objectives that are deemed to be consistent with GWC’s mission. Shares of the Fund are not sponsored, endorsed or promoted by GWC, and GWC is not an investment adviser or service provider to the Fund. GWC makes no representations or warranties regarding the performance of the Fund and will have no obligation or liability in connection with the Fund. The Fund’s sponsor, IndexIQ, and its affiliates are supporters of and donors to GWC and are making a substantial contribution to GWC in connection with GWC’s agreement to license use of its name and trademarks to IndexIQ and its affiliates. NYLIM and IndexIQ’s contribution to GWC is calculated on an annualized basis to be the lower of: (i) 0.045% of the Fund’s average daily net managed assets (the average daily value of the total assets of the Fund, less all accrued liabilities of the Fund and less any management fees waived by the Fund’s adviser or sub-adviser); or (ii) ten percent of the Fund’s net annual management fee taking into account all applicable fee waivers and expense reimbursements. NYLIM and IndexIQ will make annual minimum contributions to GWC of $25,000 in each of the years 2021 to 2025 so long as their commercial co-venture is in effect.”

“New York Life Investment Management LLC (“NYLIM”) and IndexIQ Advisors LLC (“IndexIQ”) are donors to and supporters of Girls Who Code Inc. (”GWC”). GWC has authorized NYLIM and IndexIQ to reference its name and certain marks owned by GWC in connection with a commercial co-venture entered into between the Parties. None of the payments made by NYLIM and IndexIQ to GWC is in exchange for services provided by GWC."

ESG Investing Style Risk Impact investing and/or Environmental, Social and Governance (ESG) managers may take into consideration factors beyond traditional financial information to select securities, which could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. Further, ESG strategies may rely on certain values based criteria to eliminate exposures found in similar strategies or broad market benchmarks, which could also result in relative investment performance deviating. There is no assurance that employing ESG strategies will result in more favorable investment performance.

Consider the Funds' investment objectives, risks, charges and expenses carefully before investing. The prospectus and the statement of additional information include this and other relevant information about the Funds and are available by visiting or calling (888) 474-7725. Read the 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.