NYLI MacKay High Income ETF
$25.53−0.10 (−0.41%)
- Expense ratio
- 0.40%
- Fund size
- $116M
- 1Y return
- +3.3%
- Yield · Last 12 months
- 7.49%
- Holdings
- 351
- Volume · 30D
- 0M sh
- NAV per share
- $25.61
- 52W range
The ETF.net IQHI Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 58Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 45Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 33Category rank
Our read on IQHI
CMost of the big bond ETFs are index trackers running on three basis points. IQHI is the other kind: an actively run portfolio with a one-line job, maximize current income, spread over roughly 400 bonds and paying monthly.
The Fund seeks to maximize current income.
Why people hold it
- The mandate is one sentence: seek to maximize current income. No index to hug, no benchmark tracking error to decode.
- Income shows up monthly, and it comes from roughly 400 bonds rather than a handful of concentrated bets.
- Active credit picking for 0.40% a year, in the same neighborhood as the typical bond ETF's 0.36%.
Worth knowing
- The index heavyweights in this category (BND, SPAB, SCHZ) charge 0.03%. You are paying roughly ten times that for a manager's judgment call.
- Thinly traded compared with the category's giants, so limit orders matter and spreads can widen when credit markets get jumpy.
- Launched in 2022, so the track record does not yet span a full credit cycle.
IQHI Holdings
- Bonds
- 351
- 8%
- BLACKROCK TREASURY TRUST
Sectors
- Financials100.0%
Geography
- United States90.79%
- Canada2.31%
- Luxembourg1.87%
- United Kingdom1.02%
- Australia1.01%
- Cayman Islands0.76%
- Japan0.62%
- France0.43%
- 1.20%
IQHI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IQHI |
|---|---|
| Year to date | +2.4% |
| 1 month | −0.9% |
| 3 months | +0.4% |
| 1 year | +3.3% |
| 3 years | +8.2% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IQHI |
|---|---|---|
| 2026 YTD | +2.4% | |
| 2025 | +8.6% | |
| 2024 | +7.0% | |
| 2023 | +12.4% | |
| 2022 | +2.8% |
IQHI in the news
ETF.net Research hasn’t filed on IQHI yet — coverage lands here as it’s written.
IQHI Dividends
- 7.49%
- $1.92
- $0.15 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 2, 2026 | $0.15 |
| Jul 31, 2026 | Aug 4, 2026 | $0.15 |
| Jun 30, 2026 | Jul 2, 2026 | $0.12 |
| May 29, 2026 | Jun 2, 2026 | $0.15 |
| Apr 30, 2026 | May 4, 2026 | $0.15 |
| Mar 31, 2026 | Apr 2, 2026 | $0.15 |
| Feb 27, 2026 | Mar 3, 2026 | $0.14 |
| Jan 30, 2026 | Feb 3, 2026 | $0.13 |
| Dec 30, 2025 | Jan 5, 2026 | $0.34 |
| Dec 1, 2025 | Dec 5, 2025 | $0.15 |
| Nov 3, 2025 | Nov 7, 2025 | $0.15 |
| Oct 1, 2025 | Oct 6, 2025 | $0.15 |
IQHI Risk
- 4.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IQHI Cost
- The middle half of US High Yield funds
- Median 0.43%
35 of the 84 US High Yield funds charge less.