NYLI MacKay High Income ETF
$25.130.00 (0.00%)
- 0.40%
- $116M
- +2.7%
- 7.63%
- 0M sh
- $25.09
- low $25.00high $27.40
The ETF.net IQHI Grade
C
Score 54 out of 100
- 49 of 85
Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B58 out of 100Rank 31 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.C49 out of 100Rank 62 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 15 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 50 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 27 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 67 of 85
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
- 366
- 8%
- BlackRock Treasury Trust
Sectors
- Financials100.0%
Geography
- United States90.92%
- Luxembourg1.99%
- Canada1.58%
- Japan1.08%
- Australia1.04%
- United Kingdom0.97%
- Cayman Islands0.77%
- France0.43%
- 1.23%
IQHI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
IQHI$10,268
Returns run to the Oct 12, 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 | +0.7% |
| 1 month | −1.7% |
| 3 months | −1.6% |
| 1 year | +2.7% |
| 3 years | +8.0% |
| 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 | +0.7% | |
| 2025 | +8.6% | |
| 2024 | +7.0% | |
| 2023 | +12.4% | |
| 2022 | +2.8% |
IQHI in the news
IQHI Dividends
- 7.63%
- $1.91
- $0.14 per share
- Monthly
Distribution history
IQHI Risk
- 4.5%
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.
- 0.68
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
0.40%
IQHI0.40%
- The middle half of US High Yield funds
- Median 0.43%
36 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- BVSHYVirtus Newfleet Short Duration High Yield Bond ETFExpense ratio 0.39%1 year return +4.1%
- BHYLSFirst Trust Tactical High Yield ETFExpense ratio 0.69%1 year return +1.6%
- CIFLNInvesco Bloomberg Enhanced Fallen Angels ETFExpense ratio 0.23%1 year return —
- CFSYDFidelity Sustainable High Yield ETFExpense ratio 0.55%1 year return +3.6%
- CGTOQInvesco High Yield Systematic Bond ETFExpense ratio 0.39%1 year return —