IQ MacKay ESG High Income ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is co-managed by IndexIQ Advisors LLC and MacKay Shields LLC. The fund invests in the fixed income markets of global region. The fund primarily invests in U.S. corporate debt securities, non-U.S. corporate debt securities, convertible corporate securities, loans and loan participation interests that are rated lower than BBB- and Baa3 by a nationally recognized statistical rating organization (“NRSRO”). The fund invests in high-yield securities. It invests in securities of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental analysis with bottom-up and top-down security picking approach to create its portfolio. The fund employs proprietary research to create its portfolio. IQ MacKay ESG High Income ETF is domiciled in the United States.