NYLIM MacKay High Income ETF
The fund seeks to achieve its investment objective through investments in debt instruments offering attractive levels of yield. The fund will, under normal circumstances, invest at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in high-yield corporate debt instruments, including all types of high-yield domestic and foreign corporate debt securities that are rated below investment grade by a NRSRO (such securities rated lower than BBB- and Baa3), or, if unrated, judged to be of comparable quality by the fund’s Subadvisor.