IQHI – NYLIM MacKay High Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize current income. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
IQHI	NYLIM MacKay High Income ETF	ETF	Open			Oct 24, 2022	$109.46M	0.410%	—	—	$33.44M

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