NYLI MacKay High Income ETF

Frequently Asked Questions About IQHI

What does IQHI invest in?

The NYLI MacKay High Income ETF, identified by the ticker IQHI, is an actively managed investment fund. Its primary objectives are to generate substantial current income and achieve strong risk-adjusted returns by investing in higher-yielding securities.

What is the expense ratio of IQHI?

NYLI MacKay High Income ETF (IQHI) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is IQHI's dividend yield?

IQHI's trailing-twelve-month yield is 7.49%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of IQHI?

Effective duration measures IQHI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. IQHI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of IQHI?

IQHI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of IQHI?

Yield to maturity (YTM) is the total return you'd earn from IQHI if every bond in the portfolio is held to maturity at the current price. IQHI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.