NYLI MacKay High Income ETF (IQHI)

Overview

The investment fund is dedicated to generating attractive yield levels through its strategic investments in various debt instruments. Unique to its investment approach is its commitment to ethical investing, guided by the Principles of the UN Global Compact. The fund’s investment strategy is meticulously shaped around the exclusion of corporate issuers that do not align with these principles, ensuring a portfolio that is not only financially promising but also socially responsible. The decision-making process involves a meticulous analysis by the Subadvisor, supplemented by reliable third-party data, to scrutinize and confirm the compliance of potential investments with the UN Global Compact’s standards. This careful selection process aims to balance the pursuit of financial returns with the imperative of fostering sustainable and ethical business practices globally.

Products and Services

The fund offers investment opportunities primarily in the following debt instruments, highlighting its commitment to ethical and sustainable investing:

• Government Bonds: Investments in government-issued debt securities that are considered to meet the fund's yield and sustainability criteria. These investments are selected based on a rigorous evaluation of the issuing countries’ adherence to the UN Global Compact principles, ensuring that investors’ capital supports responsible governance.
• Municipal Bonds: This includes investments in debt instruments issued by municipalities. The selection process for these bonds involves assessing the social and environmental policies of the issuing municipalities, aligning investors with projects that have a positive community impact while offering attractive yields.
• Corporate Bonds: Corporate debt instruments form a part of the portfolio, albeit selectively. The fund steers clear of investing in corporations that fail to comply with the UN Global Compact principles, focusing instead on those that demonstrate a strong commitment to ethical practices, environmental sustainability, and positive social impact. The assessment involves both in-house analysis by the Subadvisor and the use of third-party data to ensure thorough due diligence.