# Portfolio overlap — SECR vs MASAX Comparing **NYLI MacKay Securitized Income ETF** (2026-04-30) and **NYLI MacKay Strategic Bond Fund** (2026-01-31). - Shared positions: 211 - NYLI MacKay Securitized Income ETF covered by NYLI MacKay Strategic Bond Fund: 0.2090427632717989161656079604 - NYLI MacKay Strategic Bond Fund covered by NYLI MacKay Securitized Income ETF: 0.2090427632717989161656079601 ## NYLI MacKay Securitized Income ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | FR SD8199 | 0.021257 | | | RCKT Mortgage Trust, Series 2021-5, Class A1 | 0.021232 | ✓ | | FN MA4562 | 0.020341 | | | FN MA4492 | 0.019864 | | | Freddie Mac Pool | 0.017234 | | | FR SD8266 | 0.016205 | | | Fannie Mae Pool | 0.016083 | | | FN MA4438 | 0.013483 | | | FN MA4511 | 0.012299 | | | DREYFUS TRSY OBLIG CASH M | 0.010461 | | | UMBS | 0.009853 | | | FR SD8166 | 0.009020 | | | FN MA5353 | 0.008388 | ✓ | | Uniform Mortgage-Backed Securities | 0.008178 | | | GS MORTGAGE BACKED SECURITIES GSMBS 2022 PJ4 A4 144A | 0.007821 | | | FR SD8243 | 0.007608 | | | SEASONED CREDIT RISK TRANSFER TRUST SERIES 2025-1 SER 2025-1 CL MTU 3.25000000 | 0.007315 | | | GS Mortgage Backed Securities Trust, Series 2023-PJ1, Class A4 | 0.007252 | | | T 3.875 04/15/29 | 0.007242 | | | UMBS Pool, 30 Year | 0.007086 | | | FN MA4598 | 0.006960 | | | JP Morgan Mortgage Trust 2021-11 | 0.006781 | | | STACR 2021-HQA3 B2 | 0.006718 | ✓ | | Ginnie Mae II Pool | 0.006394 | | | FR SD8342 | 0.006375 | | | Fannie Mae Pool | 0.006022 | | | Freddie Mac Pool | 0.005855 | | | FN MA4626 | 0.005720 | | | UMBS, 30 Year | 0.005690 | | | JP Morgan Mortgage Trust 2021-12 | 0.005493 | | | Flagstar Mortgage Trust 2021-9INV | 0.005342 | | | UMBS, 30 Year | 0.005208 | | | OBX 2022-J1 Trust | 0.005140 | | | Freddie Mac Pool | 0.005133 | | | Freddie Mac STACR Trust 2019-HQA2 | 0.004976 | ✓ | | FN MA5009 | 0.004966 | | | DREYFUS GOVT CASH MGMT FUND | 0.004877 | | | FN MA5552 | 0.004849 | ✓ | | J.P. Morgan Mortgage Trust, Series 2021-4, Class B1 | 0.004805 | | | FNMA Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 1B1 | 0.004581 | ✓ | | GS MORTGAGE-BACKED SECURITIES TRUST 2022-PJ3 GSMBS 2022-PJ3 A4 | 0.004565 | | | UMBS, 30 Year | 0.004496 | | | GLS AUTO RECEIVABLES ISSUER TRUST 2024-2 SER 2024-2A CL D REGD 144A P/P 6.19000000 | 0.004420 | | | Fannie Mae Connecticut Avenue Securities | 0.004409 | ✓ | | G2 MA7706 | 0.004383 | | | FN MA5497 | 0.004325 | | | Commercial Mortgage Trust, Series 2016-DC2, Class D | 0.004281 | ✓ | | BMARK 2020-B17 C | 0.004252 | ✓ | | FN MA4919 | 0.004235 | | | UMBS Pool, 30 Year | 0.004136 | | ## NYLI MacKay Strategic Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.062353 | | | US TREASURY N/B | 0.043032 | | | US TREASURY N/B | 0.034069 | | | US TREASURY N/B | 0.012760 | | | US TREASURY N/B | 0.012389 | | | U.S. Treasury Bills | 0.007756 | | | NYLI U.S. Government Liquidity Fund | 0.006606 | | | FN MA5137 | 0.005389 | | | FN MA5552 | 0.005314 | ✓ | | US TREASURY N/B | 0.004967 | | | FR RR0009 | 0.004842 | | | Invesco Government & Agency Portfolio, Institutional Class | 0.004557 | | | Fannie Mae Connecticut Avenue Securities | 0.004066 | | | RCKT Mortgage Trust, Series 2021-5, Class A1 | 0.003680 | ✓ | | STACR 2021-DNA6 B1 | 0.003484 | | | FNMA Connecticut Avenue Securities Trust, Series 2020-SBT1, Class 1B1 | 0.003456 | ✓ | | Multi-Family Connecticut Avenue Securities Trust, Series 2025-01, Class B1 | 0.003451 | ✓ | | FN MA5614 | 0.003357 | ✓ | | FNMA Connecticut Avenue Securities Trust, Series 2021-R03, Class 1M2 | 0.003231 | | | WAYFAIR LLC SR SECURED 144A 11/32 6.75 | 0.003222 | | | STACR TRUST 2018-HRP1 SER 2018-HRP1 CL B2 V/R REGD 144A P/P 15.93628000 | 0.003104 | ✓ | | Mill City Mortgage Loan Trust, Series 2018-3, Class B2 | 0.003019 | ✓ | | BX Commercial Mortgage Trust, Series 2024-VLT5, Class E | 0.003012 | ✓ | | Fannie Mae Connecticut Avenue Securities | 0.002923 | ✓ | | US TREASURY N/B | 0.002921 | | | STACR 2021-DNA5 B2 | 0.002866 | ✓ | | Freddie Mac Mscr Trust Mn10 | 0.002861 | ✓ | | Freddie Mac Mscr Trust Mn9 | 0.002819 | | | Fannie Mae Connecticut Avenue Securities | 0.002817 | | | Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class E | 0.002782 | ✓ | | SHENTL 2025-1A A2 | 0.002769 | ✓ | | Flagship Credit Auto Trust, Series 2024-3, Class E | 0.002761 | | | STACR 2021-HQA4 B2 | 0.002761 | | | Freddie Mac STACR Trust 2019-FTR3 | 0.002678 | ✓ | | NCMF Trust, Series 2025-MFS, Class E | 0.002649 | | | BX Trust, Series 2025-ARIA, Class C | 0.002588 | ✓ | | Freddie Mac STACR Trust 2019-HQA2 | 0.002579 | ✓ | | Exeter Automobile Receivables Trust, Series 2025-4A, Class E | 0.002532 | ✓ | | Short-Term Investment | 0.002504 | | | OBX Trust, Series 2026-J1, Class AF | 0.002503 | ✓ | | Fannie Mae Connecticut Avenue Securities | 0.002499 | ✓ | | Flagship Credit Auto Trust, Series 2022-2, Class D | 0.002492 | ✓ | | U.S. Treasury Bills | 0.002473 | | | Hertz Vehicle Financing III LLC, Series 2025-3A, Class D | 0.002472 | ✓ | | WULF COMPUTE LLC SR SECURED 144A 10/30 7.75 | 0.002435 | | | Comstock Resources, Inc. | 0.002422 | | | GS Mortgage Securities Trust, Series 2015-GC30, Class D | 0.002416 | ✓ | | HUNTSMAN INT LLC | 0.002409 | | | Commercial Mortgage Trust, Series 2016-DC2, Class D | 0.002371 | ✓ | | Exeter Automobile Receivables Trust, Series 2021-3A, Class E | 0.002363 | | ## Sources - N-PORT (fund A) — accession `0000940400-26-024939` (as of 2026-04-30) - N-PORT (fund B) — accession `0002071691-26-006908` (as of 2026-01-31) --- _Informational only — not investment advice. 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