IQ MacKay ESG Core Plus Bond ETF
ESGB
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 51 Madison Avenue New York NY United States of America 10010
- IPO Date
- Jun 29, 2021
- Similar Companies
- Business
- IQ MacKay ESG Core Plus Bond ETF (ESGB) is an actively managed exchange-traded fund that seeks total return through a diversified portfolio of fixed income securities, including government notes and bonds, quasi-government obligations, corporate bonds, mortgage-backed securities, and asset-backed securities, with environmental, social, and governance (ESG) criteria integrated into the security selection process. The fund employs a top-down and bottom-up investment approach, targeting investment-grade securities primarily while allocating up to 30% to high-yield bonds and up to 20% to foreign issuers; it aims to maintain a portfolio modified duration within 2.5 years of the Bloomberg U.S. Aggregate Bond Index benchmark. Top holdings include U.S. Treasury Notes 3.875% due April 30, 2030 (4.31%), U.S. Treasury Notes 4.25% due May 15, 2035 (2.36%), and U.S. Treasury Bonds 5% due May 15, 2045 (1.52%), alongside cash equivalents and futures contracts. Launched on June 29, 2021 by IndexIQ, a provider of exchange-traded funds and affiliate of New York Life Investments, with sub-advisory from MacKay Shields LLC, the fund is headquartered in Rye Brook, New York, and lists on NYSE Arca. It serves institutional and retail investors seeking core fixed income exposure with ESG considerations, operating primarily in U.S. dollar-denominated markets focused on North American issuers, though permitting limited international exposure. In a significant strategic reorganization effective December 4, 2024, the fund was restructured and renamed NYLI MacKay Core Plus Bond ETF (CPLB), shifting from its ESG-focused mandate to a broader core-plus bond strategy emphasizing multi-sector and high-yield fixed income expertise without explicit ESG integration; this change reflects evolving market demands and leverages MacKay Shields' teams led by co-heads Neil Moriarty and Michael DePalma. The portfolio continues monthly distributions from net investment income, with recent yields supported by contractual fee waivers.