NYLI MacKay Securitized Income ETF
The ETF.net SECR Grade
B
Score 66 out of 100
- 3 of 10
Score 66 of 100 falls in the B 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.A83 out of 100Rank 2 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 2 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 9 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F21 out of 100Rank 10 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 3 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D38 out of 100Rank 7 of 10
Our read on SECR
In short
BMost securitized bond ETFs stop at agency mortgages. SECR roams the whole structured-credit stack, CMBS, ABS, non-agency RMBS and CLOs, picked by MacKay Shields, at 0.28% net of a waiver through August 28, 2027.
Stated mandate
The Fund seeks total return with an emphasis on current income.
Why people hold it
Worth knowing
SECR 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.Not enough history yet.
SECR$9,995
Returns run to the Oct 30, 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 | SECR |
|---|---|
| Year to date | −0.5% |
| 1 month | +2.1% |
| 3 months | −0.4% |
| 1 year | −0.1% |
| 3 years | |
| 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 | SECR |
|---|---|---|
| 2026 YTD | −0.5% | |
| 2025 | +7.8% | |
| 2024 | +4.7% |
SECR in the news
SECR Dividends
- 6.97%
- $1.71
- $0.11 per share
- Monthly
SECR Risk
- 4.8%
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.
- 0.15
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.
- −5.1%
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.
- 0.12
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
SECR Cost
Overpaying vs JMBS, cheapest in Core Securitized Bond
$1,398
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SECR 0.28%
$5,755
JMBS 0.21% Cheapest
$4,357
Cost over time
Year by year
| Year | SECR | JMBS | Overpaying |
|---|---|---|---|
| 10 | $509 | $383 | $126 |
| 20 | $1,976 | $1,491 | $485 |
| 30 | $5,755 | $4,357 | $1,398 |
You pay 0.28%Waived by NY Life Investments 0.21%
Full fee 0.49% waiver 0.21% you pay 0.28%
Other funds in Core Securitized Bond
- BJPLDJPMorgan Limited Duration Bond ETFExpense ratio 0.30%1 year return +2.7%
- BFSECFIDELITY INVESTMENT GRADE SECURITIZED ETFExpense ratio 0.36%1 year return +0.7%
- BJHMBJohn Hancock Mortgage-Backed Securities ETFExpense ratio 0.39%1 year return 0.0%
- BTRBFAngel Oak Total Return ETFExpense ratio 0.44%1 year return 0.0%
- CCARYAngel Oak Income ETFExpense ratio 0.80%1 year return +2.9%
