IQHINYLI MacKay High Income ETF

Get income3y track recordRanked #851 of 1,622 in this goal

Seeks to maximize current income.

By New York Life Investment Management LLC · Launched 2022

Annual Cost

0.41%

#2,111 of 5,562 · average

Fund Size

$118M

#2,776 of 5,562 · mid-size

Dividend YieldGoal

8.23%

Track Record

3 years

#2,823 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,733+7.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

What it actually holds

By weight

Concentration

Top 10 holdings = 9.6% of fund✓ well diversified

BLACKROCK TREASURY TRUST

2.1%

DREYFUS GOVERNMENT CASH MANAGEDGCXX

1.3%

NEXSTAR MEDIA INC

0.9%

AMERIGAS PART/FIN CORP

0.9%

ALLIANT HOLD / CO-ISSUER

0.8%

CCO HLDGS LLC/CAP CORP

0.8%

SCIH SALT HOLDINGS INC

0.7%

MOSS CREEK RESOURCES HLD

0.7%

TEREX CORP

0.7%

UNITI SERVICES LLC

0.7%

Asset allocation

Bonds

97.4%

Cash

1.5%

Preferred

1.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.7%Low

Year-on-year price swings

Max drawdown

-4.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.02Strong risk-adjusted returns

Sortino (3Y)

1.54Good downside protection

Bond profile

Duration

6.8 years

Avg maturity

9.9 years

Credit ratings

BBB

1.4%

45.9%

42.9%

Below B

9.8%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to maximize current income.
Strategy: Invests primarily in U.S. and non-U.S. corporate debt securities, convertible corporate securities, and other asset-backed securities rated below investment grade. The Fund may also invest in derivatives to enhance returns or hedge risks. It can hold cash or invest in short-term instruments when attractive high-income securities are not available.
Inception date: October 24, 2022
Fund family: New York Life Investment Management LLC