NYLI Investment Grade CLO ETF

NYLI Investment Grade CLO ETF is an actively managed exchange-traded fund that provides investors with targeted exposure to investment grade collateralized loan obligations (CLOs). Managed by New York Life Investment Management LLC, with NYL Investors LLC as subadvisor, the fund employs a disciplined, research-driven strategy to select higher-quality CLO tranches, allocating at least 80% of its portfolio to investment grade-rated securities, with a primary focus on the senior AAA tranches. CLOs are structured securities backed by diversified pools of below investment-grade corporate loans, offering income potential through floating-rate payments while benefiting from structural protections like overcollateralization and interest coverage tests that prioritize senior tranches. This ETF plays a key role in the fixed income market by broadening access to CLOs, a significant segment of the leveraged loan ecosystem, enabling portfolio diversification and income generation amid varying interest rate environments. Headquartered in New York, New York, it addresses demand for high-quality fixed income alternatives with an emphasis on capital preservation alongside current income.