New York Life Investments Active ETF Trust - NYLI MacKay Securitized Income ETF

New York Life Investments Active ETF Trust - NYLI MacKay Securitized Income ETF is an exchange traded fund launched and managed by IndexIQ Advisors LLC. The fund is co-managed by MacKay Shields LLC. It invests in fixed income markets. The fund primarily invests in commercial mortgage-backed securities, asset-backed securities, non-agency residential mortgage-backed securities and collateralized loan obligations. It maintain a portfolio modified duration within 1.5 years. The fund employs fundamental analysis with bottom-up and top-down securities picking approach to create its portfolio. New York Life Investments Active ETF Trust - NYLI MacKay Securitized Income ETF was formed on October 1, 2019 and is domiciled in the United States.