NYLIM MacKay Core Plus Bond ETF (CPLB)

NYLIM MacKay Core Plus Bond ETF is an actively managed exchange-traded fund from New York Life Investment Management (NYLIM), with portfolio management provided by its affiliate MacKay Shields, a fixed income specialist.

The fund follows a core plus approach: its foundation is investment-grade U.S. bonds such as Treasuries, agency and mortgage-backed securities and corporate debt, and the managers may add, within limits, sectors outside the traditional core, such as high-yield corporate bonds, emerging market debt and other securitized assets.

Security selection, sector allocation and management of duration and yield-curve positioning are driven by MacKay Shields' research rather than by replication of an index.