Key stats
About NYLI MacKay High Income ETF
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Inception date
Oct 25, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
ISIN
US45409F7362
IQHI targets high-yield corporate bonds from around the world. The portfolio consists of corporate debt securities, convertible corporate securities, collateralized debt obligations and other asset-backed securities, as well as loans and loan participation interests. The fund invests in securities of any maturity that are rated below investment grade (i.e., lower than BBB- and Baa3). To construct the portfolio, the sub-adviser combines a top-down macro analysis with a bottom-up approach designed to identify businesses with improving prospects trading at attractive valuations. The fund may invest up to 20% of its net assets in equity and other equity-related securities and up to 10% in underlying funds. As an actively managed fund, the sub-adviser have full discretion to adjust the portfolio at any time. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ. Effective February 15, 2025, the fund dropped its ESG name claim as well as its ESG investment considerations.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IQHI assets under management is 75.68 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IQHI invests in bonds. See more details in our Analysis section.
IQHI expense ratio is 0.40%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IQHI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, IQHI pays dividends to its holders with the dividend yield of 7.19%.
IQHI shares are issued by New York Life Insurance Co.
IQHI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 25, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.