NYLIM MacKay Core Plus Bond ETF
Actively managed to seek strong risk-adjusted returns through diversified fixed income exposure, credit research, and disciplined risk management.
Actively Managed ETFs
Actively Managed ETFs
Actively managed municipal bond ETFs combine the key features of ETFs and mutual funds into one solution: they offer investors access to professional management of an inefficient asset class within a cost effective, liquid investment vehicle.
ETFs may underperform, lower expense ratios are not universal across all active ETFs, trading on an exchange involves spreads and market-impact costs, and mutual funds may provide other benefits such as automatic reinvestment and no bid–ask spread.
Liquidity Management is Critical
Hear from MacKay Municipal Managers on liquidity management, a critical, yet often overlooked feature of an actively managed approach.
The Case for Active ETFs
Active ETFs are experiencing explosive growth fueled by investor demand for professionally managed and transparent investment solutions amid market volatility and higher taxes.
Liquidity Management is Critical
Hear from MacKay Municipal Managers on liquidity management, a critical, yet often overlooked feature of an actively managed approach.
Building Better Portfolios with ETFs
See how active ETFs help navigate volatility and enhance income potential.
The Case for Active ETFs
Active ETFs are experiencing growth fueled by investor demand for professionally managed and transparent investment solutions amid market volatility and higher taxes.
Liquidity Management is Critical
Hear from MacKay Municipal Managers on liquidity management, a critical, yet often overlooked feature of an actively managed approach.
The Case for Active ETFs
Active ETFs are experiencing explosive growth fueled by investor demand for professionally managed and transparent investment solutions amid market volatility and higher taxes.
Liquidity Management is Critical
Hear from MacKay Municipal Managers on liquidity management, a critical, yet often overlooked feature of an actively managed approach.
Featured Funds
Featured Funds
NYLIM MacKay Strategic Bond Fund
Leverage deep research, a focus on quality, and risk-aware execution to navigate today's complex market environment with the NYLIM MacKay Strategic Bond Fund.
NYLIM MacKay U.S. Infrastructure Bond Fund
NYLIM MacKay U.S. Infrastructure Bond Fund invests in high-quality taxable municipals.
Navigating Volatility - Taxable Fixed Income Investment idea
Meaningful interest rate volatility has emerged in 2026, driven by renewed inflation concerns, continued deficit spending, and shifting Fed rate cut expectations.
Hiding in Plain Sight: The Public Credit Opportunity
In our view, public credit is increasingly attractive because today’s market places greater value on transparency, liquidity, diversification, and the ability to reposition quickly.
Spotlight Funds
OPTIMIZE AFTER TAX RETURNS
NYLIM MacKay Short Term Muni Fund (MSTIX)
Aim to enhance after-tax returns and portfolio diversification
Broaden exposure across fixed income by accessing sectors overlooked by core benchmarks
Aims for a higher yield-per-duration ratio to reduce reinvestment risk
Seeks to deliver higher tax-equivalent yields than cash alternatives
NYLIM FTSE International Equity Currency Neutral ETF (HFXI)
The NYLIM FTSE International Equity Currency Neutral ETF (HFXI) aims to track the performance of the FTSE Developed ex North America 50% Hedged to USD Index, before fees and expenses. The index represents large-and mid-cap stocks from developed markets in Europe, Australasia, and the Far East, with about half of its currency exposure hedged to the U.S. dollar on a monthly basis.
Passive international exposure
Employs a truly passive, simpler approach to international equity investing for broad developed market exposure.
Currency neutral
A 50% currency hedge mitigates the volatility associated with fully hedged or unhedged strategies, and eliminates the need to make a currency bet.
A core international holding
Use as a low-cost, tax-efficient alternative to actively-managed international equity strategies.
Beyond Borders: International Investing, Simplified
International offers compelling opportunities, but it also introduces unique considerations for U.S. investors. In this three-part video series, our experts explore today’s global investment landscape, the often-overlooked impact of currency, and how HFXI can help investors gain international equity exposure without making an active currency bet.
Manage Volatility While Maintaining Broad Exposure ¹
Currency fluctuations can significantly affect international equity returns. HFXI’s currency-hedged approach helps neutralize that impact, supporting competitive upside participation, downside mitigation, and attractive risk-adjusted results relative to the MSCI EAFE Index. The strategy has also historically outperformed its Foreign Large Blend peers on up/down capture, while delivering lower volatility and higher overall returns.
To access the most up-to-date information about a specific fund, simply click on the fund's name. This will take you to a detailed page that includes the prospectus, the fund’s investment objectives, its performance history, key risk factors, Morningstar ratings, and other essential details. Please note that the returns shown are based on past performance. Past performance is not indicative of future results. The current performance of the fund may be higher or lower than the performance data shown. The return on investment and the principal value of the fund will vary, and when shares are sold, they may be worth more or less than their original cost. For the most recent month-end performance data, please visit www.nylim.com.
DISCLOSURE
3 Years as of 12/31/2024
*Foreign Large Blend Category: Holds a diversified mix of large-capitalization stocks from developed international markets (outside the U.S.), balancing both growth and value characteristics without a strong tilt to either. These funds offer broad exposure to established economies and aim to capture overall market performance rather than chasing specific high-growth or deep-value stocks, making them core portfolio holdings.
Standard deviation measures the dispersion of a fund’s returns over a specified time period. A higher standard deviation implies greater potential for volatility.
Sharpe Ratio measures a manager’s returns per unit of risk. It is the ratio of a manager’s excess return over the risk free rate over the standard deviation. A higher Sharpe Ratio implies greater manager efficiency.
New asset value (NAV) returns are calculated using the daily NAV as the close of regular trading on the Fund's primary exchange (typically 4:00pm ET).
New York Life Investment Management Product Guide
Get the list of New York Life Investment Management funds available for Cetera and review featured funds.
High Conviction Solutions for Cetera
Turn obstacles into opportunities with several highly rated solutions for today’s market.
NYLIM Pathway Portfolios
NYLIM Pathway Portfolios
New York Life Investment Management Pathway Portfolios
Powered by Wilshire
To meet evolving and complex customer needs, New York Life Investment Management has partnered with Wilshire to develop the NYLIM Pathway Portfolios, which consists of 16 model portfolios that were built to suit a range of investor needs.
Human Powered
At New York Life Investments, we believe in the power of people and are part of a company that has held this belief for over 175 years. While trends come and go, we've seen that when guidance, advice, and partnership converge - something truly special happens.
NYLIM Pathway Portfolios: Where Experience Meets Opportunity
NYLIM Pathway Portfolios bring together the expertise of Wilshire, New York Life Investment Management, and State Street Investment Management. Blending active strategies with cost-efficient ETFs, these portfolios offer diversification, discipline, and long-term growth potential—supported by trusted leaders in asset management.
Human Powered
At New York Life Investments, we believe in the power of people and are part of a company that has held this belief for over 175 years. While trends come and go, we've seen that when guidance, advice, and partnership converge - something truly special happens.
Investing Aligned to Your Life Goals
Financial markets are cyclical by nature, therefore, even in stable times you can expect some ebb and flow when it comes to performance. And, of course, in a more turbulent climate, picking winning asset classes and avoiding underperformance can be even more challenging.
Pathway Active/Passive Portfolios
Pathway Active/Passive Tax-Aware Portfolios
Pathway Focused Income Portfolios
Pathway Focused Tax-Free Income Portfolios
Insights
Insights
Tune in for a weekly dose of what’s driving portfolio decision-making at New York Life Investment Management.
Resilience Meets Tighter Policy
Our outlook remains constructive, but tighter policy is testing that view.
The Architecture of Liquidity is Changing
As markets and non-bank institutions take on a larger role, the way liquidity is provided, intermediated, and backstopped is being reshaped, with important implications for investors.
Top 5 Municipal Market Insights: 2026 Mid-Year Update
At the midpoint of 2026, the municipal market remains compelling but increasingly selective—creating new opportunities for investors who know where to look.
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Practice Management
Practice Management
Explore Practice Management
We’ve spent hundreds of hours working with advisors like you to understand the challenges you face. We’ve paired those insights with our expertise and research to show we’re invested in your business.
Invested in Advancing Your Growth.
Through a flexible mix of research-driven programs and resources, our Advisor Advancement Institute helps you address your most pressing challenges and perform at your very best.
Contact Us
Contact Us
Time is limited. You need an asset manager who's more than invested - you need a partner invested in you. At New York Life Investment Management, we offer sophisticated solutions across virtually every major asset class, and drive success through market insights and proprietary research.
Connect with your Advisor Consultant
FOR CETERA ADVISORS ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.
This material is intended for use by financial professionals only. It is not intended for use with the general public. All material is provided for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any securities.
All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Investment objectives may not be achieved and there is no assurance that any investment strategy will be successful.
The opinions expressed in linked articles, podcasts, or videos are those of the authors/presenters and do not necessarily reflect the views of New York Life Investment Management or its affiliates. Views and market outlooks are subject to change at any time and without notice. Any forward-looking statements or forecasts provided are based on information available at the time and are subject to change without notice. There can be no assurance that such statements or forecasts will be accurate or come to pass.
New York Life Investment Management is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. Cetera is not affiliated with New York life Insurance Company
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