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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

NYLI MacKay ESG Core Plus Bond ETF

ESGB | Active ETF

$21.03

$217 M

4.55%

$0.96

0.49%

Vitals

YTD Return

4.3%

1 yr return

10.1%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

N/A

Net Assets

$217 M

Holdings in Top 10

10.1%

52 WEEK LOW AND HIGH

$21.0
$20.20
$21.90

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

NYLI MacKay ESG Core Plus Bond ETF

ESGB | Active ETF

$21.03

$217 M

4.55%

$0.96

0.49%

ESGB - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    NYLI MacKay ESG Core Plus Bond ETF
  • Fund Family Name
    IndexIQ
  • Inception Date
    Jun 29, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Neil Moriarty

Fund Description

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width: 100%; margin-top: 0; margin-bottom: 0"tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"5./span/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The following disclosure will be added to the fourth paragraph of the “Principal Investment Strategies” section of the Prospectus:/span/td/tr/table p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund’s investments may also include convertible corporate securities, loans and loan participation interests./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in 0 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"6./span/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The following disclosure will replace the first sentence of the fifth paragraph of the “Principal Investment Strategies” section of the Prospectus:/span/td/tr/table p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Fund will generally seek to maintain a portfolio modified duration to worst within 2.5 years (plus or minus) of the duration of the Core Plus Bond Blended Index, which is a blended index consisting of 80% Bloomberg U.S. Aggregate Bond Index and 20% ICE BofA U.S. High Yield Constrained Index./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in 0 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top" td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"/tdtd style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"7./span/tdtd style="font: 10pt Times New Roman, Times, Serif; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The sub-section entitled “Investment Process” of the “Principal Investment Strategies” section of the Prospectus will be replaced in its entirety with the following:/span/td/tr/table p style="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"bInvestment Process:/b MacKay Shields LLC (“MacKay Shields” or the “Subadvisor”) utilizes an investment process that combines a top-down analytical framework with a rigorous bottom-up process./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in; text-align: justify" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"Fundamental economic cycle analysis, credit quality and interest rate trends are the principal factors considered by the Subadvisor in managing the Fund and determining whether to increase or decrease the emphasis placed upon a particular type of security or industry sector within the Fund’s investment portfolio. The Subadvisor’s target duration for the Fund is based on a set of investment decisions that take into account a broad range of economic, fundamental and technical indicators. When assessing high yield corporate bonds, the Subadvisor seeks to identify investment opportunities by analyzing individual companies and evaluating each company’s competitive position, financial condition, and business prospects. The Fund invests in companies in which the Subadvisor has judged that there is sufficient asset coverage—that is, the Subadvisor’s subjective appraisal of a company’s value compared to the value of its debt, with the intent of maximizing risk-adjusted income and returns./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1in; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"The Subadvisor may sell a security if it no longer believes that the security will contribute to meeting the investment objective of the Fund. In considering whether to sell a security, the Subadvisor may evaluate, among other things, the condition of the economy, meaningful changes in the issuer’s financial condition and competitiveness, and changes in the condition and outlook in the issuer’s industry./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 10pt" /span/p
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ESGB - Performance

Return Ranking - Trailing

Period ESGB Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -50.1% 6.9% 95.61%
1 Yr 10.1% -25.4% 139.4% N/A
3 Yr -1.4%* -13.0% 100.8% N/A
5 Yr N/A* -10.0% 55.1% N/A
10 Yr N/A* -7.4% 12.3% N/A

* Annualized

Return Ranking - Calendar

Period ESGB Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -75.2% 1360.6% N/A
2022 -17.0% -14.5% 1027.9% N/A
2021 N/A -9.6% 118.7% N/A
2020 N/A -11.4% 5.8% N/A
2019 N/A -49.5% 12.4% N/A

Total Return Ranking - Trailing

Period ESGB Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -50.1% 6.9% 96.80%
1 Yr 10.1% -25.4% 139.4% N/A
3 Yr -1.4%* -13.0% 100.8% N/A
5 Yr N/A* -10.0% 55.1% N/A
10 Yr N/A* -7.4% 13.1% N/A

* Annualized

Total Return Ranking - Calendar

Period ESGB Return Category Return Low Category Return High Rank in Category (%)
2023 7.2% -75.2% 131.9% N/A
2022 -14.4% -14.5% 1027.9% N/A
2021 N/A -9.6% 118.7% N/A
2020 N/A -11.4% 5.8% N/A
2019 N/A -7.0% 12.4% N/A

ESGB - Holdings

Concentration Analysis

ESGB Category Low Category High ESGB % Rank
Net Assets 217 M 1.19 M 287 B 81.93%
Number of Holdings 428 1 17234 68.57%
Net Assets in Top 10 17.4 M -106 M 27.6 B 73.19%
Weighting of Top 10 10.08% 3.7% 100.0% 26.68%

Top 10 Holdings

  1. United States Treasury Note/Bond 1.39%
  2. United States Treasury Note/Bond 1.31%
  3. BLACKROCK TREASURY TRUST 1.27%
  4. United States Treasury Inflation Indexed Bonds 1.21%
  5. Government National Mortgage Association 0.96%
  6. Fannie Mae Pool 0.82%
  7. United States Treasury Bill 0.81%
  8. Freddie Mac Pool 0.81%
  9. United States Treasury Note/Bond 0.76%
  10. Freddie Mac STACR REMIC Trust 2021-DNA5 0.74%

Asset Allocation

Weighting Return Low Return High ESGB % Rank
Bonds 		90.16% 3.97% 268.18% 65.70%
Other 		7.87% -13.23% 23.06% 52.45%
Cash 		1.97% -181.13% 95.99% 60.33%
Stocks 		0.00% -0.98% 24.74% 64.98%
Preferred Stocks 		0.00% 0.00% 77.13% 69.29%
Convertible Bonds 		0.00% 0.00% 10.39% 2.81%

Bond Sector Breakdown

Weighting Return Low Return High ESGB % Rank
Cash & Equivalents 		1.47% 0.00% 95.99% 79.08%
Derivative 		0.38% 0.00% 25.16% 67.48%
Securitized 		0.00% 0.00% 98.79% 71.01%
Corporate 		0.00% 0.00% 100.00% 43.48%
Municipal 		0.00% 0.00% 100.00% 87.23%
Government 		0.00% 0.00% 86.23% 14.22%

Bond Geographic Breakdown

Weighting Return Low Return High ESGB % Rank
US 		90.16% 3.63% 210.09% 48.37%
Non US 		0.00% -6.54% 58.09% 66.85%

ESGB - Expenses

Operational Fees

ESGB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.01% 2.93% 78.62%
Management Fee 0.39% 0.00% 1.76% 58.32%
12b-1 Fee N/A 0.00% 1.00% 7.49%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

ESGB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ESGB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ESGB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% N/A

ESGB - Distributions

Dividend Yield Analysis

ESGB Category Low Category High ESGB % Rank
Dividend Yield 4.55% 0.00% 12.67% 59.21%

Dividend Distribution Analysis

ESGB Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Monthly

Net Income Ratio Analysis

ESGB Category Low Category High ESGB % Rank
Net Income Ratio N/A -1.28% 8.97% N/A

Capital Gain Distribution Analysis

ESGB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

ESGB - Fund Manager Analysis

Managers

Neil Moriarty

Start Date

Tenure

Tenure Rank

Jun 29, 2021

0.92

0.9%

Neil Moriarty is a Senior Portfolio Manager of the Global Fixed Income team. Neil is responsible for managing all Multi- Sector and related strategies. Prior to joining MacKay Shields in January 2018, he was with Aberdeen via the 2005 acquisition of Deutsche Asset Management's London and Philadelphia fixed income businesses. While at Aberdeen, his responsibilities included Head of US Core, Structured Products and Co-Head of US Core Short Duration. Neil joined Deutsche in 2002 from Swathmore/Cypress Capital Management where he worked in fixed income portfolio management. Previously, he worked for Chase Securities in fixed income trading and research. Prior to that, Neil worked for Paine Webber in fixed income trading and research. Neil graduated with a BA from University of Massachusetts, Amherst. He has been working in the investment industry since 1987.

Stephen Cianci

Start Date

Tenure

Tenure Rank

Jun 29, 2021

0.92

0.9%

Steve Cianci, CFA, is the Head of the Global Fixed Income team and a Senior Portfolio Manager. Steve is responsible for managing all Multi-Sector and related strategies and in addition, he is responsible for strategic initiatives as the team’s business head. He is an adjunct professor of finance and a member of the Business Advisory Council at Widener University. Steve graduated with a MBA and BA from Widener University and is a CFA charterholder. He has been working in the investment industry since 1992.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.76 1.16

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