NYLI MacKay Securitized Income ETF

Frequently Asked Questions About SECR

What does SECR invest in?

The NYLI MacKay Securitized Income ETF (SECR) employs an active management strategy with the primary objective of generating total returns. A significant emphasis is placed on delivering consistent income streams for investors. This is achieved by predominantly allocating capital to a diverse array of structured financial products, including residential and commercial mortgage-backed securities (MBS), alongside other asset-backed securities (ABS).

What is the expense ratio of SECR?

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

What is SECR's dividend yield?

SECR's trailing-twelve-month yield is 6.43%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SECR?

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

What is the credit quality of SECR?

SECR'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 SECR?

Yield to maturity (YTM) is the total return you'd earn from SECR if every bond in the portfolio is held to maturity at the current price. SECR'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.