Overview
Overview
NYLI MacKay Securitized Income ETF (SECR) is an actively managed strategy that seeks to deliver total return with an emphasis on current income by primarily investing across structured products, including residential MBS (Mortgage-Backed Securities), commercial MBS & asset-backed securities.
Income Enhancement
An actively managed solution that can provide additional income potential over traditional core bond strategies.
Diversification
Complements other fixed income strategies with exposure to concentrated corporate and sovereign credit.
Volatility Management
Serves as a strategic overlay to bolster portfolio resilience against equity volatility while seeking to generate income.
Performance
Performance
Returns represent past performance which is no guarantee of future results. Current performance may be lower or higher. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Performance reflects a contractual fee waiver and/or expense limitation agreement in effect until terminated by the board of Trustees of the ETF, without which total returns may have been lower. Visit www.newyorklifeinvestments.com for the most recent month-end performance. Expenses stated are as of the fund's most recent prospectus.
The Fund commenced operations in May 2024 after the conversion of a separately managed account (the “Predecessor Account”) into shares of the Fund. The Fund has adopted the performance history of the Predecessor Account. Pursuant to the conversion, the Predecessor Account transferred substantially all of its assets to the Fund. MacKay Shields LLC, the Fund’s Subadvisor, managed the Predecessor Account for the entire performance period shown. Prior to the conversion, the Fund had not yet commenced operations. The Predecessor Account commenced operations on October 1, 2019. The Fund’s objectives, policies, guidelines and restrictions are, in all material respects, equivalent to those of the Predecessor Account. However, the Predecessor Account was not registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore was not subject to certain restrictions imposed by the 1940 Act on registered investment companies and by the Internal Revenue Code of 1986 on regulated investment companies. If the Predecessor Account had been registered under the 1940 Act, the Predecessor Account’s performance may have been adversely affected.
The Predecessor Account’s performance has been adjusted for the Fund’s anticipated operating expenses as reflected in the prospectus, not including the Fund’s expense waiver/reimbursement.
All returns assume reinvestment of dividends and distributions. The Predecessor Account’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Performance reflects a contractual fee waiver and/or expense limitation agreement which shall remain in effect until terminated by the Board of Trustees of the ETF without which total returns may have been lower.
Portfolio
Portfolio
Distribution & Yields
Distribution & Yields
Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (ROC) of your investment in the fund. Because the distribution rate and the 12-month rate may include a ROC, they should not be confused with yield or income. Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January.
Distribution Rate: The distribution rate measures the percentage return in the form of dividends. It is calculated daily by annualizing the most recent dividend distribution and dividing by the daily share price (NAV or POP). If the Fund did not make a distribution as of the latest scheduled distribution date, "N/A" will be displayed.
12-month Rate: The 12-month rate measures the percentage return in the form of dividends. It is calculated monthly by taking the sum of the trailing 12-month dividend payments divided by the last month's ending share price (NAV or POP) plus any capital gains distributed over previous 12 months. If the Fund did not make any distributions over the previous 12 months, "N/A" will be displayed.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.)
Fees & Expenses
Fees & Expenses
Performance reflects a contractual fee waiver and/or expense limitation agreement which shall remain in effect until terminated by the Board of Trustees of the ETF without which total returns may have been lower.
Team
Team
Income and equity investment experts offering a broad range of related strategies.
Boutique offering a range of fixed income and equity strategies including investment-grade high yield, bank loans and municipals as well as fundamental and systematic equities.
Neil Moriarty
Senior Managing Director, Co-Head of Global Fixed Income
Michael DePalma
Senior Managing Director, Co-Head of Global Fixed Income
Zachary Aronson
Director