NYLI MacKay Securitized Income ETF
$24.41−0.25 (−1.03%)
History starts May 31, 2024.
- Expense ratio
- 0.40%
- Fund size
- $165M
- 1Y return
- +0.2%
- Yield · Last 12 months
- 6.49%
- Holdings
- 441
- Volume · 30D
- 0M sh
- NAV per share
- $24.62
- 52W range
The ETF.net SECR Grade
Score 59 of 100 sits in the B 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.CScore 49Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 92Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 37Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 76Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 38Category rank
Our read on SECR
BMost core bond funds lean Treasury-heavy. SECR goes the other way, built from the securitized corner of the market (mortgages, asset-backed paper, CLOs), with current income as the stated point and a monthly payout to match.
The Fund seeks total return with an emphasis on current income.
Why people hold it
- A pure securitized play: mortgage-backed, asset-backed and collateralized loan securities, measured against the Bloomberg U.S. Securitized Bond Index rather than a Treasury-heavy aggregate.
- Income is the stated job, not a side effect. The mandate is total return with an emphasis on current income, and cash goes out monthly.
- Spread across several hundred bonds, so no single deal drives the outcome.
- The portfolio has stayed close to the securitized mandate it advertises, which is not a given in credit corners this specialized.
Worth knowing
- 0.40% a year is real money next to the index giants (BND, SPAB and SCHZ all charge 0.03%). That is the toll for a specialist securitized portfolio.
- Launched in 2024, so the track record is short and has not been through a full rate cycle.
- A smaller, lightly traded fund, so bid/ask spreads can be a bigger slice of the cost than with the mega core bond ETFs.
SECR Holdings
- Bonds
- 441
- 16%
- Fnma 30yr Pool#ma4562 2.000% 01-mar-2052
Geography
- United States100.00%
SECR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SECR$10,024
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 | SECR |
|---|---|
| Year to date | −0.8% |
| 1 month | −1.1% |
| 3 months | −1.4% |
| 1 year | +0.2% |
| 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 | −0.8% | |
| 2025 | +7.8% | |
| 2024 | +4.7% |
SECR in the news
SECR Dividends
- 6.49%
- $1.60
- $0.11 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 2, 2026 | $0.11 |
| Jul 31, 2026 | Aug 4, 2026 | $0.11 |
| Jun 30, 2026 | Jul 2, 2026 | $0.13 |
| May 29, 2026 | Jun 2, 2026 | $0.11 |
| Apr 30, 2026 | May 4, 2026 | $0.11 |
| Mar 31, 2026 | Apr 2, 2026 | $0.12 |
| Feb 27, 2026 | Mar 3, 2026 | $0.08 |
| Jan 30, 2026 | Feb 3, 2026 | $0.08 |
| Dec 30, 2025 | Jan 5, 2026 | $0.38 |
| Dec 1, 2025 | Dec 5, 2025 | $0.12 |
| Nov 3, 2025 | Nov 7, 2025 | $0.12 |
| Oct 1, 2025 | Oct 6, 2025 | $0.13 |
SECR Risk
- 4.3%
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.
- 0.33
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.
- −3.9%
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.
SECR Cost
0.40%
SECR0.40%
- The middle half of Core Securitized Bond funds
- Median 0.40%
5 of the 10 Core Securitized Bond funds charge less.