MMIN - NYLI MacKay Muni Insured ETF

The NYLI MacKay Muni Insured ETF (MMIN) seeks to provide current income exempt from federal income taxes by investing primarily in insured municipal bonds. MMIN principally invests in investment-grade municipal bonds covered by an insurance policy guaranteeing the payment of principal and interest, and will also seek to enhance total return potential through its subadvisor’s active management approach.