Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Long-Term Bonds — 100.4% | ||||||||
Commercial Mortgage-Backed Securities — 0.3% | ||||||||
Mortgage Securities — 0.3% | ||||||||
New Hampshire Business Finance Authority | ||||||||
Series 2024-1 A, 4.250%, due 7/1/51 | $ | 996,432 | $ | 979,824 | ||||
Series A, 3.625%, due 8/20/39 | 1,098,902 | 1,028,211 | ||||||
2,008,035 | ||||||||
Total Commercial Mortgage-Backed Securities | ||||||||
(Cost $1,968,282) | 2,008,035 | |||||||
Municipal Bonds — 100.1% | ||||||||
Alabama — 3.0% | ||||||||
Alabama Housing Finance Authority, Revenue Bonds | ||||||||
Series H | ||||||||
5.000%, due 6/1/26(a)(b) | 500,000 | 503,880 | ||||||
Black Belt Energy Gas District, Revenue Bonds | ||||||||
Series A | ||||||||
5.250%, due 5/1/55(a)(b) | 1,495,000 | 1,635,961 | ||||||
Series A-1 | ||||||||
4.000%, due 12/1/49(a)(b) | 600,000 | 602,140 | ||||||
Series B | ||||||||
4.000%, due 10/1/52(a)(b) | 1,760,000 | 1,768,263 | ||||||
5.250%, due 12/1/53(a)(b) | 2,000,000 | 2,169,642 | ||||||
Series B-2 | ||||||||
4.260%, (Municipal Swap Index + 0.65%), due 4/1/53(a)(b) | 900,000 | 887,038 | ||||||
Series C | ||||||||
5.000%, due 5/1/55(a)(b) | 3,930,000 | 4,192,200 | ||||||
Series C-1 | ||||||||
5.250%, due 6/1/26 | 1,800,000 | 1,845,697 | ||||||
Series F | ||||||||
5.500%, due 11/1/53(a)(b) | 1,000,000 | 1,063,452 | ||||||
Montgomery County Public Facilities Authority, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 3/1/33 | 660,000 | 681,927 | ||||||
4.000%, due 3/1/35 | 1,220,000 | 1,254,426 | ||||||
Southeast Energy Authority A Cooperative District, Revenue Bonds | ||||||||
Series 1 | ||||||||
5.500%, due 1/1/53(a)(b) | 3,000,000 | 3,223,774 | ||||||
Town of Pike Road AL, General Obligation Bonds | ||||||||
5.000%, due 3/1/39 | 720,000 | 802,858 | ||||||
20,631,258 | ||||||||
Alaska — 0.4% | ||||||||
Alaska Municipal Bond Bank Authority, Revenue Bonds | ||||||||
Series ONE | ||||||||
5.000%, due 12/1/35 | 500,000 | 560,726 | ||||||
5.000%, due 12/1/37 | 650,000 | 725,906 | ||||||
5.000%, due 12/1/39 | 1,000,000 | 1,104,905 | ||||||
2,391,537 | ||||||||
Arizona — 1.2% | ||||||||
Arizona Industrial Development Authority, Revenue Bonds | ||||||||
5.000%, due 1/1/42(a)(b) | 2,500,000 | 2,582,417 | ||||||
Series A | ||||||||
4.000%, due 11/1/39 | 600,000 | 600,765 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Arizona (continued) | ||||||||
5.000%, due 11/1/31 | $ | 550,000 | $ | 584,077 | ||||
Series A Insured: BAM | ||||||||
5.000%, due 6/1/31 | 300,000 | 321,210 | ||||||
5.000%, due 6/1/32 | 325,000 | 345,380 | ||||||
Series A Insured: HUD SECT 8 | ||||||||
5.000%, due 10/1/44(a)(b) | 1,000,000 | 1,025,902 | ||||||
City of Lake Havasu City AZ Wastewater System Revenue, Revenue Bonds | ||||||||
Series B Insured: AGM | ||||||||
5.000%, due 7/1/40 | 1,250,000 | 1,259,279 | ||||||
City of Phoenix Civic Improvement Corp., Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 7/1/34 | 500,000 | 516,184 | ||||||
Maricopa County Industrial Development Authority, Revenue Bonds | ||||||||
Insured: SD CRED PROG | ||||||||
5.000%, due 7/1/37 | 300,000 | 307,973 | ||||||
Maricopa County Pollution Control Corp., Revenue Bonds | ||||||||
Series B | ||||||||
3.600%, due 4/1/40 | 1,000,000 | 915,194 | ||||||
8,458,381 | ||||||||
Arkansas — 0.4% | ||||||||
Bentonville School District No 6, General Obligation Bonds | ||||||||
Series D Insured: ST AID WITHHLDG | ||||||||
2.000%, due 6/1/35 | 1,000,000 | 804,479 | ||||||
City of Batesville AR Sales & Use Tax, Revenue Bonds | ||||||||
Series B Insured: BAM | ||||||||
5.000%, due 2/1/39 | 500,000 | 532,824 | ||||||
Little Rock School District, General Obligation Bonds | ||||||||
Series A Insured: AGM ST AID WITHHLDG | ||||||||
2.000%, due 2/1/36 | 1,000,000 | 780,668 | ||||||
University of Central Arkansas, Revenue Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 11/1/34 | 400,000 | 414,223 | ||||||
2,532,194 | ||||||||
California — 5.7% | ||||||||
Bay Area Toll Authority, Revenue Bonds | ||||||||
Series A | ||||||||
3.080%, due 4/1/55(a)(b) | 500,000 | 500,000 | ||||||
California Community Choice Financing Authority, Revenue Bonds | ||||||||
5.250%, due 1/1/54(a)(b) | 4,285,000 | 4,592,654 | ||||||
California Health Facilities Financing Authority, Revenue Bonds | ||||||||
5.000%, due 11/15/49 | 250,000 | 253,655 | ||||||
California Infrastructure & Economic Development Bank, Revenue Bonds | ||||||||
Series A | ||||||||
3.250%, due 8/1/29 | 500,000 | 494,596 | ||||||
5.000%, due 7/1/40 | 2,030,000 | 2,199,228 | ||||||
California Municipal Finance Authority, Certificates of Participation | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 11/1/28 | 250,000 | 267,907 | ||||||
5.000%, due 11/1/29 | 125,000 | 135,957 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
California (continued) | ||||||||
5.000%, due 11/1/30 | $ | 410,000 | $ | 451,935 | ||||
5.000%, due 11/1/32 | 225,000 | 254,110 | ||||||
5.000%, due 11/1/33 | 1,175,000 | 1,312,786 | ||||||
California Municipal Finance Authority, Revenue Bonds | ||||||||
5.000%, due 5/15/31 | 400,000 | 423,681 | ||||||
Series A Insured: HUD SECT 8 | ||||||||
5.000%, due 8/1/26(a)(b) | 1,000,000 | 1,015,777 | ||||||
Series TX Insured: CA MTG INS | ||||||||
5.500%, due 11/15/27 | 500,000 | 500,671 | ||||||
California State Public Works Board, Revenue Bonds | ||||||||
Series D | ||||||||
5.000%, due 11/1/25 | 2,580,000 | 2,649,091 | ||||||
California Statewide Communities Development Authority, Revenue Bonds | ||||||||
1.750%, due 9/1/29 | 1,000,000 | 887,179 | ||||||
City of Long Beach CA Airport System Revenue, Revenue Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 6/1/27 | 200,000 | 212,283 | ||||||
Series B Insured: AGM | ||||||||
5.000%, due 6/1/27 | 200,000 | 212,283 | ||||||
5.000%, due 6/1/29 | 150,000 | 165,559 | ||||||
City of San Mateo CA, Special Tax | ||||||||
Insured: BAM | ||||||||
5.250%, due 9/1/35 | 1,000,000 | 1,127,847 | ||||||
Clovis Unified School District, General Obligation Bonds | ||||||||
Series B Insured: NATL | ||||||||
3.190%, due 8/1/30(c) | 1,500,000 | 1,240,646 | ||||||
County of Sacramento CA Airport System Revenue, Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 7/1/41 | 1,000,000 | 1,021,302 | ||||||
Fresno Unified School District, General Obligation Bonds | ||||||||
Series B | ||||||||
5.000%, due 8/1/37 | 650,000 | 728,255 | ||||||
5.000%, due 8/1/38 | 500,000 | 557,026 | ||||||
Grossmont Union High School District, General Obligation Bonds | ||||||||
Series F Insured: AGM | ||||||||
4.040%, due 8/1/33(c) | 1,465,000 | 949,137 | ||||||
Hercules Redevelopment Agency Successor Agency, Tax Allocation | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 8/1/37 | 500,000 | 558,227 | ||||||
Independent Cities Finance Authority, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
4.000%, due 6/1/36 | 1,100,000 | 1,129,458 | ||||||
Kelseyville Unified School District, General Obligation Bonds | ||||||||
Series C Insured: AGM | ||||||||
3.740%, due 8/1/33(c) | 35,000 | 25,036 | ||||||
3.860%, due 8/1/31(c) | 150,000 | 116,876 | ||||||
Northern California Energy Authority, Revenue Bonds | ||||||||
5.000%, due 12/1/54(a)(b) | 1,000,000 | 1,067,611 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
California (continued) | ||||||||
Northern California Sanitation Agencies Financing Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 12/1/34 | $ | 2,620,000 | $ | 2,626,880 | ||||
San Joaquin Hills Transportation Corridor Agency, Revenue Bonds | ||||||||
Series B | ||||||||
5.250%, due 1/15/49 | 500,000 | 502,752 | ||||||
Santa Clara Unified School District, General Obligation Bonds | ||||||||
3.250%, due 7/1/44 | 660,000 | 584,978 | ||||||
Southern California Public Power Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 4/1/55(a)(b) | 1,560,000 | 1,667,151 | ||||||
State of California, General Obligation Bonds | ||||||||
4.000%, due 9/1/32 | 500,000 | 505,259 | ||||||
University of California, Revenue Bonds | ||||||||
Series 2 | ||||||||
3.700%, due 5/15/48(a)(b) | 4,500,000 | 4,500,000 | ||||||
Series BN | ||||||||
5.500%, due 5/15/40 | 1,875,000 | 2,216,902 | ||||||
Series BW | ||||||||
5.000%, due 5/15/33 | 1,630,000 | 1,912,202 | ||||||
39,566,897 | ||||||||
Colorado — 1.5% | ||||||||
Adams State University, Revenue Bonds | ||||||||
Series A Insured: ST HGR ED INTERCEPT PROG | ||||||||
5.000%, due 5/15/35 | 1,125,000 | 1,228,352 | ||||||
Arapahoe County School District No 5 Cherry Creek, General Obligation Bonds | ||||||||
Series B Insured: ST AID WITHHLDG | ||||||||
2.000%, due 12/15/26 | 500,000 | 478,744 | ||||||
City & County of Denver CO Pledged Excise Tax Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 8/1/44 | 1,000,000 | 1,019,146 | ||||||
Colorado Health Facilities Authority, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 8/1/44 | 250,000 | 241,406 | ||||||
5.000%, due 5/15/36 | 1,000,000 | 1,120,572 | ||||||
5.000%, due 11/15/59(a)(b) | 1,000,000 | 1,084,727 | ||||||
Series A-1 Insured: BAM | ||||||||
5.000%, due 8/1/35 | 105,000 | 113,147 | ||||||
E-470 Public Highway Authority, Revenue Bonds | ||||||||
Series B | ||||||||
4.335%, (SOFR + 0.75%), due 9/1/39(a)(b) | 1,040,000 | 1,039,440 | ||||||
Gold Hill Mesa Metropolitan District No 2, General Obligation Bonds | ||||||||
Series A Insured: BAM | ||||||||
5.000%, due 12/1/28 | 145,000 | 153,537 | ||||||
5.000%, due 12/1/29 | 145,000 | 155,388 | ||||||
5.250%, due 12/1/37 | 200,000 | 221,148 | ||||||
Grand River Hospital District, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
5.250%, due 12/1/37 | 425,000 | 443,731 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Colorado (continued) | ||||||||
Jefferson County School District R-1, General Obligation Bonds | ||||||||
Insured: BAM-TCRS ST AID WITHHLDG | ||||||||
4.000%, due 12/15/34 | $ | 3,000,000 | $ | 3,144,356 | ||||
10,443,694 | ||||||||
Connecticut — 3.1% | ||||||||
City of Bridgeport CT, General Obligation Bonds | ||||||||
Series A | ||||||||
5.000%, due 11/1/33 | 600,000 | 630,708 | ||||||
5.000%, due 9/1/38 | 1,250,000 | 1,368,686 | ||||||
City of New Britain CT, General Obligation Bonds | ||||||||
Series A Insured: BAM | ||||||||
5.000%, due 3/1/30 | 155,000 | 167,366 | ||||||
5.000%, due 3/1/36 | 400,000 | 443,958 | ||||||
Series B Insured: AGM | ||||||||
5.250%, due 9/1/30 | 600,000 | 644,992 | ||||||
City of West Haven CT, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
4.000%, due 9/15/27 | 240,000 | 245,010 | ||||||
4.000%, due 9/15/28 | 290,000 | 298,021 | ||||||
Connecticut State Health & Educational Facilities Authority, Revenue Bonds | ||||||||
Series 1 | ||||||||
5.000%, due 7/1/33 | 350,000 | 364,265 | ||||||
Series B | ||||||||
5.000%, due 7/1/35 | 1,355,000 | 1,535,020 | ||||||
5.000%, due 7/1/49(a)(b) | 1,300,000 | 1,405,375 | ||||||
Series L | ||||||||
5.000%, due 7/1/32 | 1,590,000 | 1,609,916 | ||||||
State of Connecticut, General Obligation Bonds | ||||||||
Series A | ||||||||
5.000%, due 4/15/38 | 5,500,000 | 5,811,436 | ||||||
State of Connecticut Special Tax Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 5/1/39 | 1,500,000 | 1,532,422 | ||||||
5.000%, due 8/1/34 | 3,000,000 | 3,043,077 | ||||||
5.250%, due 7/1/40 | 1,000,000 | 1,138,058 | ||||||
Town of Hamden CT, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 8/15/32 | 350,000 | 391,110 | ||||||
Town of North Branford CT, G.O. Unltd Notes | ||||||||
5.000%, due 8/2/24 | 1,000,000 | 1,000,043 | ||||||
21,629,463 | ||||||||
Delaware — 0.2% | ||||||||
Delaware State Housing Authority, Revenue Bonds | ||||||||
Series A Insured: GNMA/FNMA/FHLMC | ||||||||
5.750%, due 1/1/55 | 1,155,000 | 1,251,647 | ||||||
District of Columbia — 1.9% | ||||||||
District of Columbia, General Obligation Bonds | ||||||||
Series D | ||||||||
5.000%, due 6/1/42 | 1,485,000 | 1,534,059 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
District of Columbia (continued) | ||||||||
District of Columbia Housing Finance Agency, Revenue Bonds | ||||||||
4.000%, due 9/1/40(a)(b) | $ | 3,035,000 | $ | 3,043,729 | ||||
5.000%, due 7/1/26(a)(b) | 2,014,000 | 2,033,267 | ||||||
5.000%, due 10/1/41(a)(b) | 2,000,000 | 2,054,426 | ||||||
District of Columbia Water & Sewer Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 10/1/36 | 1,000,000 | 1,171,686 | ||||||
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Revenue Bonds | ||||||||
Series B | ||||||||
6.500%, due 10/1/44 | 3,000,000 | 3,279,410 | ||||||
13,116,577 | ||||||||
Florida — 4.0% | ||||||||
Capital Trust Agency, Inc., Revenue Bonds | ||||||||
Series A | ||||||||
5.350%, due 7/1/29 | 1,045,000 | 1,046,376 | ||||||
City of Lauderhill FL Water & Sewer Revenue, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 10/1/48 | 1,000,000 | 1,077,813 | ||||||
City of Miami Beach FL, Revenue Bonds | ||||||||
5.000%, due 9/1/45 | 1,000,000 | 1,008,958 | ||||||
City of Miami Beach FL Water & Sewer Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 12/1/34 | 1,000,000 | 1,048,602 | ||||||
City of Tampa FL, Special Assessment | ||||||||
5.250%, due 5/1/46 | 2,060,000 | 2,158,570 | ||||||
City of West Palm Beach FL Utility System Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 10/1/42 | 3,500,000 | 3,628,056 | ||||||
County of Miami-Dade FL Aviation Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 10/1/38 | 400,000 | 403,300 | ||||||
County of Miami-Dade FL Transit System, Revenue Bonds | ||||||||
5.000%, due 7/1/43 | 1,870,000 | 2,030,657 | ||||||
County of Okeechobee FL, Revenue Bonds | ||||||||
Series A | ||||||||
3.800%, due 7/1/39(a)(b) | 1,000,000 | 1,002,204 | ||||||
County of Pasco FL, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
5.250%, due 9/1/29 | 1,000,000 | 1,093,829 | ||||||
Series A Insured: AGM | ||||||||
5.250%, due 9/1/28 | 1,000,000 | 1,077,577 | ||||||
Florida Housing Finance Corp., Revenue Bonds | ||||||||
Series G | ||||||||
4.500%, due 5/1/26(a)(b) | 3,000,000 | 3,011,400 | ||||||
Fort Pierce Utilities Authority, Revenue Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 10/1/27 | 700,000 | 739,156 | ||||||
5.000%, due 10/1/31 | 400,000 | 444,378 | ||||||
5.000%, due 10/1/33 | 200,000 | 224,144 | ||||||
5.000%, due 10/1/37 | 425,000 | 472,447 | ||||||
5.000%, due 10/1/39 | 475,000 | 521,773 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Florida (continued) | ||||||||
Hillsborough County Industrial Development Authority, Revenue Bonds | ||||||||
Series B | ||||||||
4.000%, due 11/1/38(a)(b) | $ | 500,000 | $ | 500,000 | ||||
JEA Water & Sewer System Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.250%, due 10/1/49 | 1,780,000 | 1,991,123 | ||||||
Julington Creek Plantation Community Development District, Special Assessment | ||||||||
Insured: AGM | ||||||||
5.500%, due 5/1/43 | 1,250,000 | 1,382,802 | ||||||
Palm Beach County Housing Finance Authority, Revenue Bonds | ||||||||
5.000%, due 2/1/27(a)(b) | 1,000,000 | 1,023,234 | ||||||
Tampa Bay Water, Revenue Bonds | ||||||||
5.000%, due 10/1/39 | 1,600,000 | 1,792,401 | ||||||
27,678,800 | ||||||||
Georgia — 4.3% | ||||||||
City of Atlanta GA Water & Wastewater Revenue, Revenue Bonds | ||||||||
5.000%, due 11/1/40 | 2,500,000 | 2,522,138 | ||||||
Development Authority of Burke County (The), Revenue Bonds | ||||||||
3.375%, due 11/1/53(a)(b) | 1,585,000 | 1,585,608 | ||||||
Gainesville & Hall County Hospital Authority, Revenue Bonds | ||||||||
5.000%, due 10/15/30 | 1,000,000 | 1,099,909 | ||||||
Main Street Natural Gas, Inc., Revenue Bonds | ||||||||
Series 2 | ||||||||
5.285%, (SOFR + 1.70%), due 12/1/53(a)(b) | 5,000,000 | 5,143,876 | ||||||
Series A | ||||||||
4.000%, due 7/1/52(a)(b) | 1,500,000 | 1,511,394 | ||||||
Series B | ||||||||
4.000%, due 8/1/49(a)(b) | 3,090,000 | 3,091,877 | ||||||
5.000%, due 12/1/54(a)(b) | 1,000,000 | 1,077,259 | ||||||
Series C | ||||||||
5.000%, due 12/1/31 | 1,040,000 | 1,112,267 | ||||||
5.000%, due 12/1/54(a)(b) | 5,500,000 | 5,858,970 | ||||||
Municipal Electric Authority of Georgia, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 1/1/39 | 3,500,000 | 3,664,404 | ||||||
Private Colleges & Universities Authority, Revenue Bonds | ||||||||
4.000%, due 4/1/39 | 450,000 | 452,485 | ||||||
Walton County Water & Sewer Authority, Revenue Bonds | ||||||||
5.250%, due 2/1/38 | 250,000 | 288,293 | ||||||
5.250%, due 2/1/39 | 425,000 | 486,718 | ||||||
5.250%, due 2/1/40 | 450,000 | 512,534 | ||||||
5.250%, due 2/1/41 | 400,000 | 453,761 | ||||||
5.250%, due 2/1/42 | 350,000 | 395,589 | ||||||
5.250%, due 2/1/43 | 425,000 | 478,389 | ||||||
29,735,471 | ||||||||
Guam — 0.1% | ||||||||
Guam Power Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 10/1/34 | 600,000 | 659,055 | ||||||
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Hawaii — 0.3% | ||||||||
City & County Honolulu HI Wastewater System Revenue, Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 7/1/36 | $ | 1,000,000 | $ | 1,033,286 | ||||
State of Hawaii, General Obligation Bonds | ||||||||
Series FW | ||||||||
5.000%, due 1/1/39 | 1,095,000 | 1,175,984 | ||||||
2,209,270 | ||||||||
Illinois — 8.6% | ||||||||
Chicago Board of Education, General Obligation Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 12/1/28 | 1,000,000 | 1,051,031 | ||||||
Chicago O’Hare International Airport, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 1/1/37 | 1,335,000 | 1,474,883 | ||||||
Series B | ||||||||
5.000%, due 1/1/32 | 1,000,000 | 1,004,709 | ||||||
5.000%, due 1/1/39 | 2,700,000 | 2,865,259 | ||||||
Chicago Park District, General Obligation Bonds | ||||||||
Series E Insured: BAM | ||||||||
4.000%, due 11/15/31 | 500,000 | 510,417 | ||||||
Chicago Transit Authority Sales Tax Receipts Fund, Revenue Bonds | ||||||||
5.250%, due 12/1/49 | 2,000,000 | 2,004,385 | ||||||
City of Chicago IL, General Obligation Bonds | ||||||||
Insured: NATL | ||||||||
3.440%, due 1/1/27(c) | 515,000 | 474,263 | ||||||
Series A | ||||||||
5.000%, due 1/1/32 | 1,500,000 | 1,604,503 | ||||||
5.250%, due 1/1/28 | 1,000,000 | 1,007,304 | ||||||
5.500%, due 1/1/40 | 1,000,000 | 1,090,118 | ||||||
City of Chicago IL, Revenue Bonds | ||||||||
Insured: HUD SECT 8 FHA 221(D4) | ||||||||
5.000%, due 11/1/26(a)(b) | 5,000,000 | 5,067,985 | ||||||
City of Joliet IL, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 12/15/38 | 1,000,000 | 1,098,890 | ||||||
5.250%, due 12/15/39 | 1,000,000 | 1,114,080 | ||||||
5.250%, due 12/15/40 | 1,000,000 | 1,107,686 | ||||||
Illinois Development Finance Authority, Revenue Bonds | ||||||||
3.460%, due 7/15/25(c) | 500,000 | 483,875 | ||||||
Illinois Finance Authority, Revenue Bonds | ||||||||
5.000%, due 8/15/44 | 2,290,000 | 2,300,802 | ||||||
Series A | ||||||||
4.000%, due 10/1/38 | 2,500,000 | 2,477,346 | ||||||
5.000%, due 8/15/30 | 1,300,000 | 1,430,601 | ||||||
Illinois Housing Development Authority, Revenue Bonds | ||||||||
5.000%, due 2/1/27(a)(b) | 3,000,000 | 3,069,703 | ||||||
Series A Insured: GNMA/FNMA/FHLMC | ||||||||
4.375%, due 10/1/41 | 515,000 | 519,288 | ||||||
Illinois State Toll Highway Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 1/1/39 | 1,170,000 | 1,335,983 | ||||||
5.000%, due 1/1/40 | 1,500,000 | 1,513,661 | ||||||
Series C | ||||||||
5.000%, due 1/1/38 | 2,130,000 | 2,141,710 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Illinois (continued) | ||||||||
5.000%, due 1/1/39 | $ | 1,650,000 | $ | 1,658,300 | ||||
Lake County School District No 112 North Shore, General Obligation Bonds | ||||||||
4.000%, due 12/1/37 | 1,000,000 | 1,035,786 | ||||||
Madison-Macoupin Etc Counties Community College District No 536, General Obligation Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 11/1/32 | 320,000 | 330,905 | ||||||
Metropolitan Pier & Exposition Authority, Revenue Bonds | ||||||||
4.000%, due 12/15/42 | 650,000 | 639,332 | ||||||
Series A | ||||||||
5.000%, due 12/15/28 | 1,500,000 | 1,567,841 | ||||||
Metropolitan Water Reclamation District of Greater Chicago, General Obligation Bonds | ||||||||
Series E | ||||||||
5.000%, due 12/1/41 | 1,000,000 | 1,023,804 | ||||||
Sales Tax Securitization Corp., Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 1/1/38 | 1,800,000 | 1,814,794 | ||||||
5.000%, due 1/1/30 | 500,000 | 544,770 | ||||||
Series C | ||||||||
5.500%, due 1/1/36 | 1,500,000 | 1,617,971 | ||||||
Sangamon & Morgan Counties Community Unit School District No 16 New Berlin, General Obligation Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.500%, due 12/1/36 | 350,000 | 394,814 | ||||||
Southwestern Illinois Development Authority, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
5.500%, due 12/1/34 | 800,000 | 915,925 | ||||||
5.500%, due 12/1/35 | 1,000,000 | 1,147,655 | ||||||
Series B | ||||||||
4.000%, due 10/15/24 | 165,000 | 165,137 | ||||||
State of Illinois, General Obligation Bonds | ||||||||
Series A | ||||||||
5.000%, due 3/1/29 | 1,470,000 | 1,578,657 | ||||||
5.000%, due 3/1/30 | 1,000,000 | 1,088,074 | ||||||
Series CR Insured: AGM-CR | ||||||||
5.250%, due 2/1/34 | 1,000,000 | 1,001,071 | ||||||
Series D | ||||||||
5.000%, due 11/1/28 | 1,000,000 | 1,050,124 | ||||||
Town of Cicero IL, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 1/1/30 | 450,000 | 468,211 | ||||||
Union Alexander Massac Pulaski Etc Counties Community College District No 531, General Obligation Bonds | ||||||||
Series A Insured: BAM | ||||||||
5.000%, due 12/1/25 | 1,175,000 | 1,198,058 | ||||||
Village of Bradley IL, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 12/15/39 | 1,125,000 | 1,228,728 | ||||||
Village of Matteson IL, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 12/1/29 | 465,000 | 487,939 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Illinois (continued) | ||||||||
Will County School District No 114 Manhattan, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
3.500%, due 1/1/26 | $ | 840,000 | $ | 840,245 | ||||
Insured: BAM | ||||||||
5.000%, due 1/1/36 | 445,000 | 496,487 | ||||||
5.250%, due 1/1/39 | 555,000 | 617,884 | ||||||
59,660,994 | ||||||||
Indiana — 3.8% | ||||||||
Avon Community School Building Corp., Revenue Bonds | ||||||||
Insured: ST INTERCEPT | ||||||||
5.250%, due 7/15/38 | 1,000,000 | 1,145,908 | ||||||
Brownsburg 1999 School Building Corp., Revenue Bonds | ||||||||
Insured: ST INTERCEPT | ||||||||
5.500%, due 7/15/41 | 5,730,000 | 6,342,481 | ||||||
City of Bloomington IN Waterworks Revenue, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 7/1/39 | 2,690,000 | 2,907,999 | ||||||
5.000%, due 1/1/42 | 1,525,000 | 1,639,473 | ||||||
Greater Clark Building Corp., Revenue Bonds | ||||||||
Insured: ST INTERCEPT | ||||||||
6.000%, due 7/15/34 | 1,000,000 | 1,199,720 | ||||||
Series B Insured: ST INTERCEPT | ||||||||
6.000%, due 7/15/35 | 1,025,000 | 1,251,379 | ||||||
6.000%, due 7/15/36 | 1,000,000 | 1,219,174 | ||||||
Indiana Finance Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 12/1/40 | 3,000,000 | 3,023,463 | ||||||
Series B | ||||||||
3.900%, due 5/1/28(a)(b) | 500,000 | 500,323 | ||||||
Indiana Housing & Community Development Authority, Revenue Bonds | ||||||||
Insured: FHA 223(F) | ||||||||
5.000%, due 10/1/26(a)(b) | 2,000,000 | 2,019,711 | ||||||
IPS Multi-School Building Corp., Revenue Bonds | ||||||||
Insured: ST INTERCEPT | ||||||||
5.250%, due 7/15/43 | 1,000,000 | 1,103,601 | ||||||
Northwestern School Building Corp., Revenue Bonds | ||||||||
Insured: ST INTERCEPT | ||||||||
6.000%, due 7/15/37 | 1,100,000 | 1,279,911 | ||||||
6.000%, due 7/15/38 | 600,000 | 694,273 | ||||||
Tippecanoe County School Building Corp., Revenue Bonds | ||||||||
Series B Insured: ST INTERCEPT | ||||||||
6.000%, due 7/15/41 | 500,000 | 595,273 | ||||||
Tri-Creek 2002 High School Building Corp., Revenue Bonds | ||||||||
Insured: ST INTERCEPT | ||||||||
5.500%, due 7/15/43 | 1,000,000 | 1,127,202 | ||||||
26,049,891 | ||||||||
Iowa — 1.2% | ||||||||
City of Coralville IA, General Obligation Bonds | ||||||||
Series B Insured: AGM | ||||||||
5.000%, due 6/1/40 | 1,420,000 | 1,498,024 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Iowa (continued) | ||||||||
City of Des Moines IA, General Obligation Bonds | ||||||||
Series F | ||||||||
2.000%, due 6/1/35 | $ | 2,020,000 | $ | 1,591,396 | ||||
2.000%, due 6/1/36 | 2,060,000 | 1,580,522 | ||||||
Hampton-Dumont Community School District, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
6.000%, due 6/1/29 | 965,000 | 1,055,906 | ||||||
Iowa Finance Authority, Revenue Bonds | ||||||||
Series E | ||||||||
3.750%, due 2/15/41(a)(b) | 500,000 | 500,000 | ||||||
Iowa Higher Education Loan Authority, Revenue Bonds | ||||||||
5.000%, due 10/1/34 | 300,000 | 320,160 | ||||||
5.000%, due 10/1/35 | 360,000 | 382,689 | ||||||
5.000%, due 10/1/36 | 365,000 | 386,921 | ||||||
Jesup Community School District, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 6/1/25 | 440,000 | 446,341 | ||||||
5.000%, due 6/1/27 | 490,000 | 513,686 | ||||||
8,275,645 | ||||||||
Kansas — 0.5% | ||||||||
City of Dodge City KS, General Obligation Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 9/1/31 | 420,000 | 462,027 | ||||||
Johnson County Unified School District No 233 Olathe, General Obligation Bonds | ||||||||
Series A | ||||||||
4.000%, due 9/1/36 | 1,700,000 | 1,757,187 | ||||||
Kansas Development Finance Authority, Revenue Bonds | ||||||||
Series C | ||||||||
5.000%, due 6/1/43(a)(b) | 1,305,000 | 1,350,218 | ||||||
3,569,432 | ||||||||
Kentucky — 1.0% | ||||||||
City of Ashland KY, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 2/1/40 | 500,000 | 502,716 | ||||||
Kentucky Economic Development Finance Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 1/1/45 | 1,000,000 | 1,001,303 | ||||||
Kentucky Public Energy Authority, Revenue Bonds | ||||||||
Series A-1 | ||||||||
5.250%, due 4/1/54(a)(b) | 2,500,000 | 2,721,769 | ||||||
Series C | ||||||||
4.000%, due 2/1/50(a)(b) | 2,325,000 | 2,337,349 | ||||||
Louisville & Jefferson County Visitors and Convention Commission, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
4.000%, due 6/1/36 | 75,000 | 74,428 | ||||||
Louisville/Jefferson County Metropolitan Government, Revenue Bonds | ||||||||
5.000%, due 10/1/32 | 500,000 | 510,598 | ||||||
7,148,163 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Louisiana — 1.2% | ||||||||
City of Lafayette LA Utilities Revenue, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 11/1/38 | $ | 550,000 | $ | 619,310 | ||||
City of New Orleans LA, General Obligation Bonds | ||||||||
Series A Insured: BAM | ||||||||
5.000%, due 12/1/33 | 1,250,000 | 1,387,094 | ||||||
City of Shreveport LA Water & Sewer Revenue, Revenue Bonds | ||||||||
Series C Insured: BAM | ||||||||
5.000%, due 12/1/31 | 100,000 | 104,759 | ||||||
Louisiana Housing Corp., Revenue Bonds | ||||||||
Series A Insured: HUD SECT 8 FHA 221(D4) | ||||||||
5.000%, due 7/1/26 | 6,000,000 | 6,109,644 | ||||||
8,220,807 | ||||||||
Maine — 0.0%(d) | ||||||||
Finance Authority of Maine, Revenue Bonds | ||||||||
Series A-1 Insured: AGC | ||||||||
5.000%, due 12/1/26 | 155,000 | 158,086 | ||||||
Maryland — 0.9% | ||||||||
City of Baltimore MD, Revenue Bonds | ||||||||
Series A Insured: BAM | ||||||||
4.000%, due 7/1/38 | 900,000 | 918,948 | ||||||
County of Prince George’s MD, General Obligation Bonds | ||||||||
Series A | ||||||||
5.000%, due 7/15/33 | 995,000 | 1,066,835 | ||||||
Maryland Community Development Administration, Revenue Bonds | ||||||||
Series A | ||||||||
1.900%, due 9/1/31 | 1,505,000 | 1,273,938 | ||||||
Series A Insured: GNMA/FNMA/FHLMC | ||||||||
5.000%, due 9/1/42 | 1,000,000 | 1,051,172 | ||||||
Maryland Stadium Authority, Revenue Bonds | ||||||||
Insured: ST INTERCEPT | ||||||||
5.000%, due 5/1/42 | 1,820,000 | 1,892,381 | ||||||
6,203,274 | ||||||||
Massachusetts — 0.8% | ||||||||
Commonwealth of Massachusetts, General Obligation Bonds | ||||||||
Series C | ||||||||
5.000%, due 5/1/46 | 1,250,000 | 1,318,372 | ||||||
Massachusetts Bay Transportation Authority Sales Tax Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.340%, due 7/1/31(c) | 1,000,000 | 795,463 | ||||||
Massachusetts Department of Transportation, Revenue Bonds | ||||||||
Series A Insured: NATL | ||||||||
3.270%, due 1/1/29(c) | 570,000 | 493,944 | ||||||
Massachusetts Development Finance Agency, Revenue Bonds | ||||||||
Series E | ||||||||
5.000%, due 7/1/37 | 500,000 | 507,954 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Massachusetts (continued) | ||||||||
Massachusetts Health & Educational Facilities Authority, Revenue Bonds | ||||||||
Series R | ||||||||
3.000%, due 11/1/49(a)(b) | $ | 500,000 | $ | 500,000 | ||||
Massachusetts Housing Finance Agency, Revenue Bonds | ||||||||
Series 2 | ||||||||
0.800%, due 12/1/25 | 540,000 | 514,956 | ||||||
Massachusetts School Building Authority, Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 11/15/34 | 1,000,000 | 1,037,933 | ||||||
5,168,622 | ||||||||
Michigan — 3.6% | ||||||||
County of Genesee MI, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 6/1/28 | 90,000 | 96,100 | ||||||
5.000%, due 6/1/30 | 210,000 | 230,910 | ||||||
Ferndale Public Schools, General Obligation Bonds | ||||||||
Insured: Q-SBLF | ||||||||
5.000%, due 5/1/39 | 950,000 | 1,049,034 | ||||||
5.000%, due 5/1/40 | 1,000,000 | 1,093,049 | ||||||
Grand Rapids Public Schools, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 5/1/28 | 2,105,000 | 2,167,654 | ||||||
Great Lakes Water Authority Sewage Disposal System Revenue, Revenue Bonds | ||||||||
Series C | ||||||||
5.000%, due 7/1/36 | 1,000,000 | 1,023,031 | ||||||
Great Lakes Water Authority Water Supply System Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 7/1/46 | 500,000 | 509,597 | ||||||
Series B Insured: BAM | ||||||||
5.000%, due 7/1/46 | 2,525,000 | 2,573,932 | ||||||
Series C | ||||||||
5.250%, due 7/1/33 | 1,500,000 | 1,550,297 | ||||||
Michigan Finance Authority, Revenue Bonds | ||||||||
5.000%, due 4/15/29 | 1,000,000 | 1,079,630 | ||||||
5.000%, due 11/1/44 | 1,000,000 | 1,008,293 | ||||||
Series C | ||||||||
4.000%, due 6/1/34 | 500,000 | 513,265 | ||||||
Michigan State Building Authority, Revenue Bonds | ||||||||
Series I | ||||||||
5.000%, due 4/15/41 | 1,175,000 | 1,206,029 | ||||||
Michigan State Housing Development Authority, Revenue Bonds | ||||||||
Insured: FHA 221(D4) | ||||||||
5.000%, due 11/1/26(a)(b) | 2,000,000 | 2,054,292 | ||||||
Insured: HUD SECT 8 | ||||||||
5.000%, due 12/1/25(a)(b) | 1,000,000 | 1,003,625 | ||||||
5.000%, due 12/1/25(a)(b) | 1,000,000 | 1,002,793 | ||||||
Richmond Community Schools, General Obligation Bonds | ||||||||
Series I Insured: Q-SBLF | ||||||||
4.000%, due 5/1/36 | 1,450,000 | 1,491,512 | ||||||
4.000%, due 5/1/37 | 2,655,000 | 2,724,865 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Michigan (continued) | ||||||||
State of Michigan Trunk Line Revenue, Revenue Bonds | ||||||||
5.500%, due 11/15/44 | $ | 2,000,000 | $ | 2,303,275 | ||||
Wyoming Public Schools, General Obligation Bonds | ||||||||
Series III Insured: AGM | ||||||||
4.000%, due 5/1/41 | 500,000 | 508,283 | ||||||
25,189,466 | ||||||||
Minnesota — 0.8% | ||||||||
Minneapolis Special School District No 1, General Obligation Bonds | ||||||||
Series B Insured: SD CRED PROG | ||||||||
5.000%, due 2/1/31 | 1,250,000 | 1,338,204 | ||||||
Minnesota Housing Finance Agency, Revenue Bonds | ||||||||
Series A Insured: GNMA/FNMA/FHLMC | ||||||||
3.000%, due 7/1/52 | 4,500,000 | 4,365,483 | ||||||
5,703,687 | ||||||||
Mississippi — 0.2% | ||||||||
Mississippi Home Corp., Revenue Bonds | ||||||||
Series C Insured: GNMA/FNMA/FHLMC | ||||||||
5.000%, due 12/1/39 | 1,000,000 | 1,094,087 | ||||||
Missouri — 3.3% | ||||||||
City of Kansas City MO, Revenue Bonds | ||||||||
Series C | ||||||||
5.000%, due 9/1/26 | 1,300,000 | 1,348,894 | ||||||
5.000%, due 9/1/28 | 1,000,000 | 1,073,232 | ||||||
City of St Louis MO Airport Revenue, Revenue Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.250%, due 7/1/49 | 3,250,000 | 3,598,871 | ||||||
Health & Educational Facilities Authority of the State of Missouri, Revenue Bonds | ||||||||
Series F | ||||||||
3.900%, due 6/1/36(a)(b) | 500,000 | 500,000 | ||||||
Hickman Mills C-1 School District, General Obligation Bonds | ||||||||
Series C-1 Insured: BAM | ||||||||
5.750%, due 3/1/42 | 3,390,000 | 3,774,120 | ||||||
Missouri Joint Municipal Electric Utility Commission, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 12/1/36 | 2,435,000 | 2,455,005 | ||||||
5.000%, due 12/1/40 | 1,445,000 | 1,467,796 | ||||||
Missouri State Environmental Improvement & Energy Resources Authority, Revenue Bonds | ||||||||
Series B-R | ||||||||
2.900%, due 9/1/33 | 3,000,000 | 2,708,167 | ||||||
Pattonville R-3 School District, General Obligation Bonds | ||||||||
Insured: ST AID DIR DEP | ||||||||
5.250%, due 3/1/41 | 500,000 | 550,879 | ||||||
Springfield School District No R-12, General Obligation Bonds | ||||||||
Series 12 | ||||||||
1.750%, due 3/1/31 | 2,310,000 | 1,925,300 | ||||||
St Charles County School District No R-IV Wentzville, General Obligation Bonds | ||||||||
Insured: ST AID DIR DEP | ||||||||
6.920%, due 3/1/27(c) | 2,095,000 | 1,898,442 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Missouri (continued) | ||||||||
Wright City R-II School District, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
6.000%, due 3/1/27 | $ | 150,000 | $ | 160,624 | ||||
6.000%, due 3/1/29 | 150,000 | 168,524 | ||||||
6.000%, due 3/1/31 | 35,000 | 41,010 | ||||||
6.000%, due 3/1/33 | 500,000 | 602,283 | ||||||
6.000%, due 3/1/35 | 530,000 | 637,811 | ||||||
22,910,958 | ||||||||
Nebraska — 0.9% | ||||||||
Central Plains Energy Project, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 9/1/27 | 1,000,000 | 1,034,919 | ||||||
Omaha Public Power District, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 2/1/42 | 2,835,000 | 2,948,792 | ||||||
Omaha Public Power District Nebraska City Station Unit 2, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 2/1/46 | 1,235,000 | 1,260,801 | ||||||
Omaha School District, General Obligation Bonds | ||||||||
1.750%, due 12/15/35 | 1,500,000 | 1,157,124 | ||||||
6,401,636 | ||||||||
Nevada — 0.4% | ||||||||
City of North Las Vegas NV, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
4.000%, due 6/1/36 | 825,000 | 835,480 | ||||||
Clark County School District, General Obligation Bonds | ||||||||
Series A Insured: BAM | ||||||||
5.000%, due 6/15/37 | 845,000 | 945,380 | ||||||
County of Clark NV, General Obligation Bonds | ||||||||
Series A | ||||||||
4.000%, due 7/1/39 | 1,000,000 | 993,859 | ||||||
2,774,719 | ||||||||
New Hampshire — 1.0% | ||||||||
New Hampshire Business Finance Authority, Revenue Bonds | ||||||||
4.000%, due 4/1/30 | 580,000 | 574,798 | ||||||
Series A | ||||||||
4.164%, due 10/20/51 | 1,500,000 | 1,450,589 | ||||||
Series C | ||||||||
5.250%, due 7/1/42 | 1,530,000 | 1,648,853 | ||||||
New Hampshire Health and Education Facilities Authority Act, Revenue Bonds | ||||||||
Series B Insured: BAM | ||||||||
4.000%, due 8/1/33 | 2,500,000 | 2,477,898 | ||||||
Series C | ||||||||
3.300%, due 6/1/38(a)(b) | 1,000,000 | 999,661 | ||||||
7,151,799 | ||||||||
New Jersey — 2.7% | ||||||||
East Rutherford Board of Education, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
2.000%, due 7/15/34 | 1,250,000 | 1,017,998 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
New Jersey (continued) | ||||||||
Essex County Improvement Authority, Revenue Bonds | ||||||||
4.000%, due 7/15/28 | $ | 415,000 | $ | 412,797 | ||||
Jersey City Municipal Utilities Authority, Revenue Notes | ||||||||
Series A Insured: MUN GOVT GTD | ||||||||
5.000%, due 5/1/25 | 600,000 | 606,061 | ||||||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 7/1/43 | 3,500,000 | 3,571,278 | ||||||
Series B | ||||||||
5.000%, due 7/1/34 | 2,500,000 | 2,923,153 | ||||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds | ||||||||
5.250%, due 6/15/43 | 2,790,000 | 2,930,789 | ||||||
Series AA | ||||||||
5.000%, due 6/15/37 | 1,300,000 | 1,417,767 | ||||||
New Jersey Turnpike Authority, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 1/1/35 | 780,000 | 840,135 | ||||||
5.000%, due 1/1/27 | 415,000 | 435,265 | ||||||
Series B | ||||||||
5.000%, due 1/1/42 | 1,000,000 | 1,108,053 | ||||||
Series C | ||||||||
5.000%, due 1/1/44 | 1,600,000 | 1,767,048 | ||||||
South Jersey Port Corp., Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 1/1/31 | 500,000 | 522,598 | ||||||
Tobacco Settlement Financing Corp., Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 6/1/46 | 775,000 | 779,240 | ||||||
18,332,182 | ||||||||
New Mexico — 0.6% | ||||||||
City of Farmington NM, Revenue Bonds | ||||||||
Series A | ||||||||
2.150%, due 4/1/33 | 3,000,000 | 2,440,580 | ||||||
Series B | ||||||||
3.875%, due 6/1/40(a)(b) | 2,000,000 | 2,026,593 | ||||||
4,467,173 | ||||||||
New York — 7.4% | ||||||||
City of New York NY, General Obligation Bonds | ||||||||
Series 1 | ||||||||
5.000%, due 6/1/34 | 1,090,000 | 1,103,680 | ||||||
Series B-1 | ||||||||
5.250%, due 10/1/47 | 3,000,000 | 3,305,847 | ||||||
Series F-1 | ||||||||
5.000%, due 8/1/38 | 500,000 | 566,397 | ||||||
County of Nassau NY, General Obligation Bonds | ||||||||
Series B Insured: AGM | ||||||||
5.000%, due 4/1/38 | 1,500,000 | 1,656,143 | ||||||
Long Island Power Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 9/1/39 | 600,000 | 600,572 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
New York (continued) | ||||||||
Metropolitan Transportation Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.500%, due 11/15/47 | $ | 1,015,000 | $ | 1,142,638 | ||||
Series A1 | ||||||||
5.000%, due 11/15/29 | 500,000 | 514,543 | ||||||
New York City Housing Development Corp., Revenue Bonds | ||||||||
Series 2A Insured: REMIC FHA INS 542(c) | ||||||||
3.400%, due 11/1/62(a)(b) | 780,000 | 776,882 | ||||||
New York City Municipal Water Finance Authority, Revenue Bonds | ||||||||
Series 2 | ||||||||
3.950%, due 6/15/43(a)(b) | 500,000 | 500,000 | ||||||
Series HH | ||||||||
5.000%, due 6/15/37 | 2,000,000 | 2,026,618 | ||||||
5.000%, due 6/15/39 | 1,500,000 | 1,518,671 | ||||||
New York City Transitional Finance Authority, Revenue Bonds | ||||||||
Series 1 | ||||||||
5.000%, due 11/1/34 | 2,250,000 | 2,635,756 | ||||||
5.000%, due 11/1/35 | 2,250,000 | 2,617,122 | ||||||
New York City Transitional Finance Authority Building Aid Revenue, Revenue Bonds | ||||||||
Series S Insured: ST AID WITHHLDG | ||||||||
5.000%, due 7/15/40 | 1,500,000 | 1,514,130 | ||||||
Series S-3 Insured: ST AID WITHHLDG | ||||||||
5.000%, due 7/15/33 | 150,000 | 160,432 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds | ||||||||
Series 1 | ||||||||
4.000%, due 11/1/38 | 1,000,000 | 1,018,197 | ||||||
Series A-3 | ||||||||
4.000%, due 5/1/43 | 215,000 | 212,681 | ||||||
Series B4 | ||||||||
3.950%, due 8/1/42(a)(b) | 500,000 | 500,000 | ||||||
Series D-1 | ||||||||
5.500%, due 11/1/45 | 2,000,000 | 2,268,738 | ||||||
New York Liberty Development Corp., Revenue Bonds | ||||||||
2.450%, due 9/15/69 | 500,000 | 458,597 | ||||||
Series 1WTC Insured: BAM | ||||||||
4.000%, due 2/15/43 | 2,000,000 | 1,983,873 | ||||||
Series A Insured: AGM-CR | ||||||||
2.750%, due 11/15/41 | 1,070,000 | 852,199 | ||||||
New York Power Authority, Revenue Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 11/15/36 | 1,215,000 | 1,427,337 | ||||||
New York State Dormitory Authority, Revenue Bonds | ||||||||
Insured: AGM ST AID WITHHLDG | ||||||||
5.000%, due 10/1/38 | 1,350,000 | 1,499,432 | ||||||
Series A | ||||||||
4.000%, due 3/15/39 | 500,000 | 508,538 | ||||||
4.000%, due 3/15/41 | 1,500,000 | 1,506,963 | ||||||
5.000%, due 7/1/39 | 1,220,000 | 1,255,309 | ||||||
5.000%, due 3/15/44 | 1,000,000 | 1,110,680 | ||||||
Series B | ||||||||
5.000%, due 2/15/40 | 815,000 | 847,985 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
New York (continued) | ||||||||
5.000%, due 2/15/40 | $ | 5,000 | $ | 5,314 | ||||
Series E | ||||||||
3.000%, due 3/15/41 | 500,000 | 428,426 | ||||||
5.000%, due 3/15/41 | 2,000,000 | 2,104,536 | ||||||
New York State Housing Finance Agency, Revenue Bonds | ||||||||
Series A Insured: SONYMA HUD SECT 8 | ||||||||
0.750%, due 11/1/25 | 285,000 | 273,253 | ||||||
New York State Thruway Authority, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 3/15/43 | 1,165,000 | 1,153,873 | ||||||
Port Authority of New York & New Jersey, Revenue Bonds | ||||||||
Series 205 | ||||||||
5.250%, due 5/15/42 | 1,000,000 | 1,055,529 | ||||||
Triborough Bridge & Tunnel Authority, Revenue Bonds | ||||||||
Series 2 | ||||||||
5.250%, due 5/15/47 | 1,250,000 | 1,377,188 | ||||||
Series 3 | ||||||||
5.000%, due 11/15/38 | 1,000,000 | 1,018,260 | ||||||
Series A | ||||||||
5.000%, due 11/15/40 | 2,900,000 | 2,931,520 | ||||||
Series A-2 Insured: AGM-CR | ||||||||
2.000%, due 5/15/45(a)(b) | 1,345,000 | 1,252,987 | ||||||
Series B | ||||||||
5.000%, due 3/15/27 | 1,700,000 | 1,783,791 | ||||||
Series C | ||||||||
5.000%, due 11/15/37 | 1,000,000 | 1,067,353 | ||||||
Utility Debt Securitization Authority, Revenue Bonds | ||||||||
Series 1 | ||||||||
5.000%, due 12/15/41 | 500,000 | 575,995 | ||||||
51,117,985 | ||||||||
North Carolina — 1.1% | ||||||||
Charlotte-Mecklenburg Hospital Authority (The), Revenue Bonds | ||||||||
Series B | ||||||||
3.900%, due 1/15/38(a)(b) | 500,000 | 500,000 | ||||||
City of Fayetteville NC Public Works Commission Revenue, Revenue Bonds | ||||||||
2.000%, due 3/1/36 | 3,395,000 | 2,726,339 | ||||||
County of Alamance NC, General Obligation Bonds | ||||||||
2.000%, due 5/1/35 | 1,500,000 | 1,223,732 | ||||||
North Carolina Housing Finance Agency, Revenue Bonds | ||||||||
Insured: GNMA/FNMA/FHLMC | ||||||||
5.500%, due 1/1/54 | 985,000 | 1,051,427 | ||||||
Series A Insured: GNMA/FNMA/FHLMC | ||||||||
6.250%, due 1/1/55 | 1,000,000 | 1,119,249 | ||||||
North Carolina Medical Care Commission, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 9/1/41 | 1,095,000 | 965,553 | ||||||
7,586,300 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
North Dakota — 0.5% | ||||||||
City of Grand Forks ND, Revenue Bonds | ||||||||
Insured: AGM-CR | ||||||||
4.000%, due 12/1/37 | $ | 1,250,000 | $ | 1,208,398 | ||||
Series A Insured: AGM | ||||||||
5.000%, due 12/1/26 | 400,000 | 414,714 | ||||||
5.000%, due 12/1/27 | 450,000 | 472,399 | ||||||
5.000%, due 12/1/28 | 500,000 | 530,881 | ||||||
5.000%, due 12/1/29 | 675,000 | 724,724 | ||||||
3,351,116 | ||||||||
Ohio — 1.7% | ||||||||
Akron Bath Copley Joint Township Hospital District, Revenue Bonds | ||||||||
4.000%, due 11/15/33 | 1,260,000 | 1,238,820 | ||||||
American Municipal Power, Inc., Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 2/15/41 | 1,000,000 | 1,016,845 | ||||||
City of Toledo OH, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
5.250%, due 12/1/36 | 1,000,000 | 1,135,938 | ||||||
5.500%, due 12/1/39 | 1,330,000 | 1,517,400 | ||||||
City of Upper Arlington OH, General Obligation Bonds | ||||||||
5.250%, due 12/1/35 | 750,000 | 768,597 | ||||||
Cloverleaf Local School District, Certificates of Participation | ||||||||
Insured: BAM | ||||||||
5.375%, due 12/1/37 | 1,000,000 | 1,069,446 | ||||||
Euclid City School District, General Obligation Bonds | ||||||||
Series A Insured: SD CRED PROG | ||||||||
5.250%, due 1/15/44 | 1,000,000 | 1,018,999 | ||||||
Forest Hills Local School District, General Obligation Bonds | ||||||||
5.000%, due 12/1/44 | 630,000 | 632,020 | ||||||
Springboro Community City School District, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
5.250%, due 12/1/25 | 1,975,000 | 2,027,937 | ||||||
State of Ohio, General Obligation Bonds | ||||||||
Series A | ||||||||
5.000%, due 5/1/37 | 1,000,000 | 1,043,096 | ||||||
State of Ohio, Revenue Bonds | ||||||||
Series RF | ||||||||
3.900%, due 11/1/35(a)(b) | 250,000 | 250,162 | ||||||
11,719,260 | ||||||||
Oregon — 0.2% | ||||||||
City of Portland OR Water System Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 5/1/38 | 1,000,000 | 1,154,662 | ||||||
Oregon State Facilities Authority, Revenue Bonds | ||||||||
Series B | ||||||||
4.000%, due 8/1/34(a)(b) | 500,000 | 500,000 | ||||||
1,654,662 | ||||||||
Pennsylvania — 2.0% | ||||||||
Allegheny County Sanitary Authority, Revenue Bonds | ||||||||
5.000%, due 12/1/40 | 500,000 | 505,086 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Pennsylvania (continued) | ||||||||
City of Erie PA, General Obligation Bonds | ||||||||
Series C Insured: AGM | ||||||||
5.240%, due 11/15/37(c) | $ | 750,000 | $ | 424,009 | ||||
Coatesville School District, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
5.250%, due 11/15/37 | 4,000,000 | 4,347,219 | ||||||
Commonwealth Financing Authority, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
4.000%, due 6/1/39 | 920,000 | 935,381 | ||||||
Conrad Weiser Area School District, General Obligation Bonds | ||||||||
Insured: AGM ST AID WITHHLDG | ||||||||
4.000%, due 9/1/34 | 1,000,000 | 1,011,352 | ||||||
Delaware Valley Regional Finance Authority, Revenue Bonds | ||||||||
Series B Insured: AMBAC | ||||||||
5.700%, due 7/1/27 | 90,000 | 95,867 | ||||||
Indiana County Industrial Development Authority, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 5/1/27 | 250,000 | 258,448 | ||||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds | ||||||||
Series A Insured: AGC | ||||||||
4.347%, (0.67* 3 Month SOFR +0.60%), due 7/1/27(a)(b) | 85,000 | 84,058 | ||||||
Series B | ||||||||
5.000%, due 10/1/34 | 1,000,000 | 1,021,338 | ||||||
Pennsylvania Housing Finance Agency, Revenue Bonds | ||||||||
6.000%, due 10/1/54 | 1,000,000 | 1,092,287 | ||||||
Series 141A | ||||||||
5.750%, due 10/1/53 | 835,000 | 886,743 | ||||||
Pennsylvania Turnpike Commission Oil Franchise Tax Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.250%, due 12/1/44 | 500,000 | 530,756 | ||||||
Philadelphia Gas Works Co., Revenue Bonds | ||||||||
5.000%, due 10/1/30 | 1,435,000 | 1,482,125 | ||||||
Pittsburgh Water & Sewer Authority, Revenue Bonds | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 9/1/36 | 1,285,000 | 1,454,494 | ||||||
14,129,163 | ||||||||
Puerto Rico — 0.1% | ||||||||
Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth, Revenue Bonds | ||||||||
5.000%, due 7/1/28 | 400,000 | 415,111 | ||||||
5.000%, due 7/1/31 | 500,000 | 531,599 | ||||||
946,710 | ||||||||
Rhode Island — 0.7% | ||||||||
Providence Public Building Authority, Revenue Bonds | ||||||||
Series B Insured: AGM | ||||||||
5.000%, due 6/15/32 | 250,000 | 266,335 | ||||||
Rhode Island Health and Educational Building Corp., Revenue Bonds | ||||||||
Series F | ||||||||
5.500%, due 5/15/39 | 1,320,000 | 1,506,590 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Rhode Island (continued) | ||||||||
5.500%, due 5/15/41 | $ | 180,000 | $ | 203,446 | ||||
Rhode Island Housing & Mortgage Finance Corp., Revenue Bonds | ||||||||
Insured: GNMA COLL | ||||||||
5.250%, due 10/1/49 | 1,000,000 | 1,060,623 | ||||||
Series 77-A Insured: GNMA COLL | ||||||||
5.000%, due 10/1/28 | 350,000 | 375,444 | ||||||
Series A Insured: GNMA COLL | ||||||||
5.000%, due 10/1/41 | 1,000,000 | 1,058,863 | ||||||
Rhode Island Infrastructure Bank, Revenue Bonds | ||||||||
4.000%, due 10/1/34 | 650,000 | 676,288 | ||||||
5,147,589 | ||||||||
South Carolina — 1.9% | ||||||||
Patriots Energy Group Financing Agency, Revenue Bonds | ||||||||
Series 2 | ||||||||
5.485%, (SOFR + 1.90%), due 2/1/54(a)(b) | 6,000,000 | 6,235,189 | ||||||
South Carolina Jobs-Economic Development Authority, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 11/1/42 | 400,000 | 399,064 | ||||||
South Carolina Public Service Authority, Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 12/1/36 | 100,000 | 101,983 | ||||||
Series B Insured: AGM | ||||||||
5.000%, due 12/1/42 | 1,120,000 | 1,235,145 | ||||||
Series E Insured: AGM | ||||||||
5.250%, due 12/1/37 | 2,000,000 | 2,273,825 | ||||||
South Carolina State Housing Finance & Development Authority, Revenue Bonds | ||||||||
Insured: HUD SECT 202 | ||||||||
5.000%, due 10/1/26(a)(b) | 1,000,000 | 1,012,668 | ||||||
Spartanburg County School District No 4, General Obligation Bonds | ||||||||
Series A Insured: SCSDE | ||||||||
5.000%, due 3/1/42 | 1,945,000 | 2,143,470 | ||||||
13,401,344 | ||||||||
South Dakota — 0.1% | ||||||||
Baltic School District No 49-1, General Obligation Bonds | ||||||||
Series 1 Insured: AGM | ||||||||
4.500%, due 12/1/38 | 300,000 | 315,248 | ||||||
Tennessee — 1.1% | ||||||||
Health Educational and Housing Facility Board of the City of Memphis/the, Revenue Bonds | ||||||||
Insured: FHA 221(D)(4) HUD SECT 8 | ||||||||
5.000%, due 7/1/27(a)(b) | 785,000 | 808,414 | ||||||
5.000%, due 7/1/27(a)(b) | 520,000 | 535,510 | ||||||
Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, Revenue Bonds | ||||||||
4.000%, due 4/1/26(a)(b) | 3,000,000 | 3,005,940 | ||||||
5.000%, due 10/1/35 | 1,000,000 | 1,179,561 | ||||||
Shelby County Health Educational & Housing Facilities Board, Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 9/1/49(a)(b) | 1,300,000 | 1,380,452 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Tennessee (continued) | ||||||||
Tennessee Energy Acquisition Corp., Revenue Bonds | ||||||||
Series B | ||||||||
5.625%, due 9/1/26 | $ | 500,000 | $ | 517,609 | ||||
7,427,486 | ||||||||
Texas — 15.7% | ||||||||
Alamito Public Facility Corp., Revenue Bonds | ||||||||
Insured: FHA 221(D4) | ||||||||
3.500%, due 9/1/25(a)(b) | 4,000,000 | 3,998,010 | ||||||
Insured: HUD SECT 8 | ||||||||
5.000%, due 8/1/44(a)(b) | 1,000,000 | 1,024,469 | ||||||
Insured: HUD SECT 8 FHA 221(D4) | ||||||||
3.500%, due 9/1/25(a)(b) | 4,000,000 | 3,999,190 | ||||||
Allen Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
5.000%, due 2/15/35 | 2,515,000 | 2,589,960 | ||||||
Arlington Higher Education Finance Corp., Revenue Bonds | ||||||||
Insured: PSF-GTD | ||||||||
4.000%, due 2/15/44 | 1,590,000 | 1,566,088 | ||||||
Series A Insured: PSF-GTD | ||||||||
5.000%, due 8/15/32 | 2,200,000 | 2,442,018 | ||||||
Arlington Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
5.000%, due 2/15/39 | 1,500,000 | 1,529,056 | ||||||
Barbers Hill Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
4.000%, due 2/15/41 | 1,000,000 | 1,023,676 | ||||||
Central Texas Turnpike System, Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 8/15/42(a)(b) | 1,000,000 | 1,088,181 | ||||||
Series C | ||||||||
5.000%, due 8/15/34 | 1,000,000 | 1,141,750 | ||||||
City of Amarillo TX Waterworks & Sewer System Revenue, Revenue Bonds | ||||||||
4.000%, due 4/1/41 | 1,360,000 | 1,366,789 | ||||||
City of Arlington TX Special Tax Revenue, Special Tax | ||||||||
Series A Insured: AGM | ||||||||
5.000%, due 2/15/43 | 250,000 | 258,435 | ||||||
City of Austin TX, General Obligation Bonds | ||||||||
5.000%, due 9/1/34 | 1,300,000 | 1,301,497 | ||||||
City of Austin TX Electric Utility Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 11/15/45 | 1,455,000 | 1,470,810 | ||||||
City of College Station TX, General Obligation Bonds | ||||||||
2.125%, due 2/15/39 | 1,020,000 | 752,454 | ||||||
City of Corpus Christi TX Utility System Revenue, Revenue Bonds | ||||||||
5.000%, due 7/15/28 | 1,000,000 | 1,075,686 | ||||||
5.000%, due 7/15/32 | 1,000,000 | 1,136,746 | ||||||
5.000%, due 7/15/40 | 1,000,000 | 1,126,741 | ||||||
City of Fort Worth TX, General Obligation Bonds | ||||||||
2.000%, due 3/1/40 | 500,000 | 348,720 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Texas (continued) | ||||||||
City of Galveston TX Wharves & Terminal Revenue, Revenue Bonds | ||||||||
Series B | ||||||||
5.250%, due 8/1/43 | $ | 1,000,000 | $ | 1,098,007 | ||||
City of Georgetown TX Utility System Revenue, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 8/15/26 | 1,000,000 | 1,037,667 | ||||||
City of San Antonio TX Electric & Gas Systems Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 2/1/44 | 1,035,000 | 1,084,221 | ||||||
Series B | ||||||||
5.000%, due 2/1/33 | 1,500,000 | 1,710,890 | ||||||
Clifton Higher Education Finance Corp., Revenue Bonds | ||||||||
Insured: PSF-GTD | ||||||||
3.000%, due 8/15/34 | 180,000 | 167,526 | ||||||
3.000%, due 8/15/35 | 250,000 | 229,253 | ||||||
County of Bexar TX, General Obligation Bonds | ||||||||
5.000%, due 6/15/49 | 1,000,000 | 1,087,246 | ||||||
County of Parker TX, General Obligation Bonds | ||||||||
5.000%, due 2/15/42 | 6,625,000 | 6,828,674 | ||||||
Dallas College, General Obligation Bonds | ||||||||
3.000%, due 2/15/28 | 1,575,000 | 1,575,102 | ||||||
5.000%, due 2/15/36 | 1,250,000 | 1,266,918 | ||||||
Dallas Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
2.000%, due 2/15/42 | 1,500,000 | 1,027,403 | ||||||
Del Valle Independent School District TX, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
2.000%, due 6/15/39 | 1,000,000 | 726,118 | ||||||
Edinburg Consolidated Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
5.000%, due 2/15/35 | 1,235,000 | 1,265,061 | ||||||
El Paso County Hospital District, General Obligation Bonds | ||||||||
5.000%, due 8/15/31 | 1,000,000 | 1,019,522 | ||||||
Forney Independent School District, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
4.720%, due 8/15/41(c) | 255,000 | 87,290 | ||||||
Fort Bend Independent School District, General Obligation Bonds | ||||||||
Series B Insured: PSF-GTD | ||||||||
4.000%, due 8/1/54(a)(b) | 1,300,000 | 1,320,692 | ||||||
Georgetown Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
3.000%, due 8/15/41 | 2,670,000 | 2,269,829 | ||||||
Grand Parkway Transportation Corp., Revenue Bonds | ||||||||
4.000%, due 10/1/37 | 750,000 | 760,868 | ||||||
Greater Greenspoint Redevelopment Authority, Tax Allocation | ||||||||
Insured: AGM | ||||||||
4.000%, due 9/1/32 | 350,000 | 361,436 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Texas (continued) | ||||||||
4.000%, due 9/1/33 | $ | 370,000 | $ | 380,749 | ||||
Greater Texoma Utility Authority, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 10/1/36 | 2,485,000 | 2,742,388 | ||||||
Guadalupe-Blanco River Authority, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
6.000%, due 8/15/42 | 1,980,000 | 2,248,701 | ||||||
Harris County Cultural Education Facilities Finance Corp., Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 7/1/33 | 1,930,000 | 2,205,986 | ||||||
Harris County Flood Control District, Revenue Bonds | ||||||||
Series A | ||||||||
4.000%, due 10/1/38 | 1,265,000 | 1,272,822 | ||||||
Harris County Hospital District, Revenue Bonds | ||||||||
5.000%, due 2/15/25 | 2,730,000 | 2,753,079 | ||||||
Harris County Municipal Utility District No 423, General Obligation Bonds | ||||||||
Series A Insured: BAM | ||||||||
6.500%, due 4/1/28 | 300,000 | 322,377 | ||||||
6.500%, due 4/1/29 | 325,000 | 349,199 | ||||||
Harris County Municipal Utility District No 43, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
6.250%, due 9/1/32 | 2,010,000 | 2,241,613 | ||||||
Harris County Municipal Utility District No 489, General Obligation Bonds | ||||||||
Series A Insured: AGM | ||||||||
6.500%, due 9/1/29 | 1,000,000 | 1,102,875 | ||||||
Harris County Water Control & Improvement District No 159, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
6.375%, due 9/1/30 | 1,600,000 | 1,782,625 | ||||||
Hays Consolidated Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
4.000%, due 2/15/43 | 1,000,000 | 998,094 | ||||||
Housing Synergy PFC, Revenue Bonds | ||||||||
Insured: FHA 221(D)(4) HUD SECT 8 | ||||||||
5.000%, due 2/1/27(a)(b) | 1,000,000 | 1,023,234 | ||||||
Houston Higher Education Finance Corp., Revenue Bonds | ||||||||
Series A Insured: PSF-GTD | ||||||||
4.000%, due 2/15/39 | 1,915,000 | 1,915,103 | ||||||
Hutto Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
5.000%, due 8/1/41 | 1,205,000 | 1,349,504 | ||||||
Laredo Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
5.000%, due 8/1/29 | 650,000 | 711,775 | ||||||
Lewisville Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
3.125%, due 8/15/34 | 1,000,000 | 916,095 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Texas (continued) | ||||||||
Matagorda County Navigation District No 1, Revenue Bonds | ||||||||
2.600%, due 11/1/29 | $ | 1,000,000 | $ | 929,674 | ||||
Series 2 | ||||||||
4.000%, due 6/1/30 | 1,020,000 | 1,020,170 | ||||||
Mesquite Independent School District, General Obligation Bonds | ||||||||
Series A Insured: PSF-GTD | ||||||||
4.000%, due 8/15/36 | 1,590,000 | 1,606,307 | ||||||
Montgomery County Municipal Utility District No 95, General Obligation Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 9/1/41 | 560,000 | 572,434 | ||||||
North Texas Tollway Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.250%, due 1/1/38 | 1,000,000 | 1,133,695 | ||||||
Series B | ||||||||
5.000%, due 1/1/45 | 1,300,000 | 1,303,455 | ||||||
Northwest Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
5.000%, due 2/15/40 | 350,000 | 387,549 | ||||||
5.000%, due 2/15/41 | 400,000 | 440,524 | ||||||
Pecos Barstow Toyah Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
5.000%, due 2/15/35 | 1,000,000 | 1,067,168 | ||||||
5.000%, due 2/15/39 | 2,000,000 | 2,059,008 | ||||||
5.000%, due 2/15/41 | 1,500,000 | 1,540,863 | ||||||
Rankin Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
5.000%, due 2/15/33 | 1,000,000 | 1,001,014 | ||||||
Sabine-Neches Navigation District, General Obligation Bonds | ||||||||
5.250%, due 2/15/37 | 1,000,000 | 1,106,520 | ||||||
5.250%, due 2/15/41 | 2,000,000 | 2,179,593 | ||||||
State of Texas, General Obligation Bonds | ||||||||
Series B | ||||||||
5.000%, due 10/1/36 | 3,000,000 | 3,049,702 | ||||||
Texas Department of Housing & Community Affairs, Revenue Bonds | ||||||||
Series A Insured: GNMA | ||||||||
3.000%, due 9/1/45 | 2,000,000 | 1,586,968 | ||||||
Texas Municipal Gas Acquisition and Supply Corp. II, Revenue Bonds | ||||||||
Series C | ||||||||
4.391%, (0.66* 3 Month SOFR + 0.86%), due 9/15/27(a)(b) | 1,850,000 | 1,846,199 | ||||||
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds | ||||||||
4.000%, due 6/30/33 | 500,000 | 507,975 | ||||||
Texas Public Finance Authority, Revenue Bonds | ||||||||
Insured: BAM | ||||||||
5.000%, due 5/1/31 | 1,500,000 | 1,612,990 | ||||||
Texas State Technical College, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 8/1/25 | 1,450,000 | 1,475,583 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Texas (continued) | ||||||||
Texas Water Development Board, Revenue Bonds | ||||||||
5.000%, due 10/15/47 | $ | 500,000 | $ | 542,149 | ||||
Series A | ||||||||
5.000%, due 10/15/43 | 2,000,000 | 2,082,633 | ||||||
Uptown Development Authority, Tax Allocation | ||||||||
Series A | ||||||||
5.000%, due 9/1/35 | 500,000 | 503,363 | ||||||
Willis Independent School District, General Obligation Bonds | ||||||||
Insured: PSF-GTD | ||||||||
2.000%, due 2/15/40 | 920,000 | 660,046 | ||||||
108,695,800 | ||||||||
Utah — 2.3% | ||||||||
Canyons School District, General Obligation Bonds | ||||||||
Series A Insured: SCH BD GTY | ||||||||
1.500%, due 6/15/35 | 1,830,000 | 1,344,247 | ||||||
County of Salt Lake UT, General Obligation Bonds | ||||||||
Series B | ||||||||
2.300%, due 12/15/28 | 1,325,000 | 1,269,196 | ||||||
County of Utah UT, Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 5/15/46 | 2,070,000 | 2,105,502 | ||||||
Intermountain Power Agency, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 7/1/29 | 750,000 | 822,989 | ||||||
5.000%, due 7/1/30 | 500,000 | 557,538 | ||||||
5.000%, due 7/1/41 | 1,000,000 | 1,097,354 | ||||||
State of Utah, General Obligation Bonds | ||||||||
Series B | ||||||||
3.539%, due 7/1/25 | 1,080,523 | 1,065,461 | ||||||
Utah Associated Municipal Power Systems, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 9/1/31 | 500,000 | 524,514 | ||||||
Utah Charter School Finance Authority, Revenue Bonds | ||||||||
Insured: BAM-TCRS UT CSCE | ||||||||
4.000%, due 4/15/40 | 250,000 | 245,921 | ||||||
Utah Housing Corp., Revenue Bonds | ||||||||
Insured: FHLMC COLL | ||||||||
3.400%, due 7/1/30 | 3,000,000 | 2,898,082 | ||||||
Series A Insured: GNMA/FNMA/FHLMC | ||||||||
6.500%, due 1/1/54 | 2,250,000 | 2,483,474 | ||||||
Utah Infrastructure Agency, Revenue Bonds | ||||||||
3.000%, due 10/15/24 | 520,000 | 518,725 | ||||||
5.000%, due 10/15/32 | 100,000 | 105,549 | ||||||
5.500%, due 10/15/33 | 1,000,000 | 1,113,733 | ||||||
16,152,285 | ||||||||
Virginia — 2.7% | ||||||||
Arlington County Industrial Development Authority, Revenue Bonds | ||||||||
5.000%, due 1/1/26 | 1,250,000 | 1,277,014 | ||||||
Chesapeake Redevelopment & Housing Authority, Revenue Bonds | ||||||||
Insured: FHA 221(D4) | ||||||||
5.000%, due 6/1/26(a)(b) | 2,000,000 | 2,018,468 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Virginia (continued) | ||||||||
City of Harrisonburg VA, General Obligation Bonds | ||||||||
Series A Insured: ST AID WITHHLDG | ||||||||
1.750%, due 7/15/35 | $ | 2,500,000 | $ | 1,927,767 | ||||
City of Newport News VA Water Revenue, Revenue Bonds | ||||||||
1.750%, due 7/15/36 | 3,080,000 | 2,316,693 | ||||||
County of Fairfax VA, General Obligation Bonds | ||||||||
Series A Insured: ST AID WITHHLDG | ||||||||
4.000%, due 10/1/28 | 655,000 | 665,994 | ||||||
Halifax County Industrial Development Authority, Revenue Bonds | ||||||||
Series A | ||||||||
3.800%, due 12/1/41(a)(b) | 1,500,000 | 1,518,505 | ||||||
Isle Wight County Industrial Development Authority, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 7/1/37 | 1,000,000 | 1,100,083 | ||||||
5.000%, due 7/1/38 | 600,000 | 657,044 | ||||||
James City County Economic Development Authority, Revenue Bonds | ||||||||
Insured: FHA 221(D4) | ||||||||
5.000%, due 2/1/26(a)(b) | 1,000,000 | 1,004,689 | ||||||
Norfolk Airport Authority, Revenue Bonds | ||||||||
5.000%, due 7/1/28 | 150,000 | 159,972 | ||||||
Virginia Public Building Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 8/1/29 | 2,000,000 | 2,038,654 | ||||||
Williamsburg Economic Development Authority, Revenue Bonds | ||||||||
Series A Insured: AGM | ||||||||
4.000%, due 7/1/42 | 1,000,000 | 1,000,135 | ||||||
Winchester Economic Development Authority, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 1/1/30 | 1,440,000 | 1,570,226 | ||||||
Wise County Industrial Development Authority, Revenue Bonds | ||||||||
Series A | ||||||||
0.750%, due 10/1/40(a)(b) | 1,500,000 | 1,427,288 | ||||||
18,682,532 | ||||||||
Washington — 1.6% | ||||||||
County of King WA Sewer Revenue, Revenue Bonds | ||||||||
Series A | ||||||||
3.840%, (Municipal Swap Index + 0.23%), due 1/1/40(a)(b) | 3,000,000 | 2,970,436 | ||||||
Franklin County School District No 1 Pasco, General Obligation Bonds | ||||||||
Insured: SCH BD GTY | ||||||||
5.500%, due 12/1/40 | 2,000,000 | 2,337,615 | ||||||
Port of Seattle WA, General Obligation Bonds | ||||||||
5.000%, due 6/1/36 | 1,800,000 | 2,082,438 | ||||||
Port of Seattle WA, Revenue Bonds | ||||||||
Series A | ||||||||
5.000%, due 4/1/32 | 1,000,000 | 1,002,368 | ||||||
Seattle Housing Authority, Revenue Bonds | ||||||||
1.000%, due 6/1/26 | 270,000 | 254,142 |
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Washington (continued) | ||||||||
State of Washington, General Obligation Bonds | ||||||||
Series 2020A | ||||||||
5.000%, due 8/1/42 | $ | 845,000 | $ | 900,726 | ||||
Series R | ||||||||
5.000%, due 7/1/41 | 1,420,000 | 1,588,482 | ||||||
11,136,207 | ||||||||
West Virginia — 0.7% | ||||||||
West Virginia Economic Development Authority, Revenue Bonds | ||||||||
Series A | ||||||||
3.375%, due 3/1/40(a)(b) | 1,000,000 | 990,928 | ||||||
West Virginia Hospital Finance Authority, Revenue Bonds | ||||||||
5.000%, due 9/1/39 | 1,500,000 | 1,529,583 | ||||||
Series B Insured: AGM | ||||||||
5.125%, due 9/1/42 | 1,250,000 | 1,375,379 | ||||||
West Virginia Parkways Authority, Revenue Bonds | ||||||||
5.000%, due 6/1/43 | 860,000 | 895,234 | ||||||
4,791,124 | ||||||||
Wisconsin — 2.2% | ||||||||
Hudson School District, General Obligation Bonds | ||||||||
2.250%, due 3/1/27 | 500,000 | 481,742 | ||||||
Monroe School District, General Obligation Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 3/1/36 | 860,000 | 945,015 | ||||||
Public Finance Authority, Revenue Bonds | ||||||||
4.000%, due 10/1/24 | 35,000 | 34,968 | ||||||
4.000%, due 10/1/30 | 265,000 | 268,607 | ||||||
4.000%, due 10/1/31 | 390,000 | 395,816 | ||||||
4.000%, due 10/1/32 | 390,000 | 395,816 | ||||||
4.000%, due 10/1/33 | 420,000 | 426,000 | ||||||
4.000%, due 10/1/34 | 390,000 | 395,327 | ||||||
5.000%, due 3/1/41 | 1,000,000 | 1,020,394 | ||||||
5.000%, due 3/1/46 | 3,000,000 | 3,053,771 | ||||||
University of Wisconsin Hospitals & Clinics, Revenue Bonds | ||||||||
Series B | ||||||||
5.000%, due 4/1/54(a)(b) | 1,000,000 | 1,107,814 | ||||||
Wisconsin Health & Educational Facilities Authority, Revenue Bonds | ||||||||
Insured: AGM | ||||||||
5.000%, due 2/15/33 | 425,000 | 455,499 | ||||||
Wisconsin Housing & Economic Development Authority, Revenue Bonds | ||||||||
Series A Insured: HUD SECT 8 | ||||||||
5.000%, due 12/1/27(a)(b) | 3,500,000 | 3,627,904 | ||||||
Wisconsin Housing & Economic Development Authority Home Ownership Revenue, Revenue Bonds | ||||||||
Series A Insured: GNMA/FNMA/FHLMC | ||||||||
3.625%, due 3/1/34 | 1,000,000 | 979,966 | ||||||
Series B Insured: FNMA/GNMA/FHLMC | ||||||||
4.250%, due 9/1/44 | 500,000 | 496,037 | ||||||
5.000%, due 9/1/39 | 1,000,000 | 1,093,125 |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
Principal Amount | Value | |||||||
Municipal Bonds (continued) | ||||||||
Wisconsin (continued) | ||||||||
Wisconsin Housing & Economic Development Authority Housing Revenue, Revenue Bonds | ||||||||
Series B Insured: HUD SECT 8 | ||||||||
0.500%, due 11/1/50(a)(b) | $ | 175,000 | $ | 173,087 | ||||
15,350,888 | ||||||||
Wyoming — 0.5% | ||||||||
Sweetwater County 2023 Specific Purpose Tax Joint Powers Board, Revenue Bonds | ||||||||
Insured: AGM-CR | ||||||||
5.000%, due 6/15/28 | 3,000,000 | 3,205,356 | ||||||
Total Municipal Bonds | ||||||||
(Cost $688,771,662) | 693,595,920 | |||||||
Shares | ||||||||
Short-Term Investment — 0.5% | ||||||||
Money Market Fund — 0.5% | ||||||||
Dreyfus Tax Exempt Cash Management, Institutional Shares, 3.64%(e) | ||||||||
(Cost $3,372,444) | 3,372,781 | 3,372,444 | ||||||
Total Investments — 100.9% (Cost $694,112,388) | 698,976,399 | |||||||
Other Assets and Liabilities, Net — (0.9)% | (6,046,565 | ) | ||||||
Net Assets — 100% | $ | 692,929,834 |
(a) | Adjustable rate security with an interest rate that is not based on a published reference index and spread. The rate is based on the structure of the agreement and current market conditions. |
(b) | Variable rate securities that may be tendered back to the issuer at any time prior to maturity at par. Rate shown is the rate in effect as of July 31, 2024. |
(c) | The security was issued on a discount basis with no stated coupon rate. Rate shown reflects the effective yield. |
(d) | Less than 0.05%. |
(e) | Reflects the 7-day yield at July 31, 2024. |
Abbreviations | |
AGC | - Assured Guaranty Corp. |
AGM | - Assured Guaranty Municipal Corp. |
AMBAC | - Ambac Assurance Corp. |
BAM | - Build America Mutual Assurance Co. |
CR | - Custodial Receipts |
GTD | - Guaranteed. |
HUD SECT 8 | - Housing and Urban Development Section 8. |
MUN GOVT GTD | - Municipal Government Guaranteed |
NATL | - National Public Finance Guarantee Corp. |
PSF-GTD | - Permanent School Fund Guaranteed. |
Q-SBLF | - Qualified School Bond Loan Fund |
SCH BD GTY | - School Bond Guaranty Program |
SCSDE | - South Carolina Department of Education |
SD CRED PROG | - School District Credit Enhancement Program |
SOFR | - Secured Financing Overnight Rate |
ST AID WITHHLDG | - State Aid Withholding |
ST HGR ED INTERCEPT PROG | - State Higher Education Intercept Program |
ST INTERCEPT | - State Tax Intercept |
TCRS | - Transferable Custodial Receipts |
UT CSCE | - Utah Charter School Credit Enhancement |
Schedule of Investments ─ NYLI MacKay Muni Intermediate ETF (formerly, IQ MacKay Municipal Intermediate ETF) (continued)
July 31, 2024 (unaudited)
The following is a summary of the inputs used to value the Fund’s investments as of July 31, 2024. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to the Fund’s most recent semi-annual or annual financial statements.
Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Asset Valuation Inputs | ||||||||||||||||
Investments in Securities:(f) | ||||||||||||||||
Commercial Mortgage-Backed Securities | $ | — | $ | 2,008,035 | $ | — | $ | 2,008,035 | ||||||||
Municipal Bonds | — | 693,595,920 | — | 693,595,920 | ||||||||||||
Short-Term Investment: | ||||||||||||||||
Money Market Fund | 3,372,444 | — | — | 3,372,444 | ||||||||||||
Total Investments in Securities | $ | 3,372,444 | $ | 695,603,955 | $ | — | $ | 698,976,399 |
(f) | For a complete listing of investments and their states, see the Schedule of Investments. |
For the period ended July 31, 2024, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.