SECR

📎 Investment Objective

The NYLI MacKay Securitized Income ETF (SECR) seeks to provide current income by investing primarily in securitized debt instruments, such as mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities.

✨ Key Features

• Focuses on securitized debt instruments, including mortgage-backed, asset-backed, and commercial mortgage-backed securities
• Actively managed portfolio aiming to generate consistent income
• Diversified exposure to the securitized debt market
• Low expense ratio of 0.00%

⚠️ Primary Risks

• Interest rate risk: The value of the fund's holdings may decline if interest rates rise
• Credit risk: The fund is exposed to the risk of default or downgrade of the underlying securitized debt instruments
• Liquidity risk: Some securitized debt instruments may have limited trading volume, which could impact the fund's ability to sell positions
• Sector concentration risk: The fund's focus on securitized debt may make it more vulnerable to developments in that sector

👤 Best For

The NYLI MacKay Securitized Income ETF may be suitable for investors seeking current income and exposure to the securitized debt market. It may be appropriate as a component of a diversified fixed-income portfolio, particularly for investors with a medium-term investment horizon and a moderate risk tolerance.