NYLI MacKay Core Plus Bond ETF (ESGB)

Overview

This fund primarily focuses on investing in a diverse range of bond assets, targeting at least 80% of its portfolio towards various debt securities. These investments cut across multiple sectors, including corporate, government, and mortgage-related as well as asset-backed securities. A significant part of its investment strategy is dedicated to adhering to Environmental, Social, and Governance (ESG) criteria set forth by MacKay Shields LLC (the "Subadvisor"). This adherence ensures that investments are not only financially sound but also socially responsible. Additionally, the fund aims to maintain its portfolio’s modified duration close to the Bloomberg U.S. Aggregate Bond Index, with a flexibility of plus or minus 2.5 years. This strategic duration management aligns the fund’s interest rate sensitivity with its target index, balancing risk and return effectively.

Products and Services

• Bond Investments

  The core focus of the fund is on investing in a wide variety of debt securities, including but not limited to corporate bonds, government bonds, mortgage-related, and asset-backed securities. This broad investment approach allows for a diversified portfolio that can mitigate risks associated with specific sectors or asset classes.

• ESG Criteria Compliant Investments

  At least 80% of the fund's assets are allocated to securities that satisfy the ESG (Environmental, Social, and Governance) criteria as defined by MacKay Shields LLC, the Subadvisor. This commitment ensures that the fund not only seeks financial returns but also contributes positively to societal goals by investing in responsible entities.

• Duration Management

  The fund actively manages its portfolio's modified duration to remain within a range of plus or minus 2.5 years of the Bloomberg U.S. Aggregate Bond Index's duration. This approach helps in managing interest rate risk, aiming to provide stable returns to investors over various market conditions.