IQHI
NYLI MacKay High Income ETF
📎 Investment Objective
The NYLI MacKay High Income ETF seeks to provide high current income by investing primarily in a diversified portfolio of high-yield fixed income securities.
Overview
ETF tracking NYLI MacKay High Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The NYLI MacKay High Income ETF seeks to provide high current income by investing primarily in a diversified portfolio of high-yield fixed income securities.
🎯 Investment Strategy
The fund invests in a variety of high-yield corporate bonds, bank loans, and other debt instruments to generate a high level of current income. The portfolio is actively managed, with the goal of identifying undervalued securities that can provide attractive yields.
✨ Key Features
- Focuses on high-yield fixed income securities to generate high current income
- Actively managed portfolio to identify undervalued opportunities
- Diversified exposure across different high-yield debt instruments
- No expense ratio currently, as the fund is new and assets under management are low
⚠️ Primary Risks
- High-yield bonds carry a greater risk of default and price volatility compared to investment-grade bonds
- Exposure to interest rate risk, as bond prices may decline when interest rates rise
- Potential liquidity risk for less-traded high-yield securities
- Credit risk if the financial condition of the issuers deteriorates
👤 Best For
The NYLI MacKay High Income ETF may be suitable for investors seeking high current income and who are willing to accept the increased risks associated with high-yield fixed income investments. Investors should have a higher risk tolerance and a longer-term investment horizon to weather potential volatility.