Schedule of Investments ─ NYLI Global Equity R&D Leaders ETF
January 31, 2026 (unaudited)
| Shares | Value | |||||||
| Common Stocks — 99.8% | ||||||||
| Brazil — 1.3% | ||||||||
| MercadoLibre, Inc.* | 37 | $ | 79,468 | |||||
| TOTVS SA | 515 | 4,384 | ||||||
| WEG SA | 3,108 | 30,703 | ||||||
| Total Brazil | 114,555 | |||||||
| Canada — 0.4% | ||||||||
| Constellation Software, Inc. | 14 | 25,980 | ||||||
| Descartes Systems Group, Inc. (The)* | 69 | 5,182 | ||||||
| Total Canada | 31,162 | |||||||
| China — 1.9% | ||||||||
| Airtac International Group | 180 | 6,521 | ||||||
| BYD Co., Ltd., Class H | 2,723 | 34,082 | ||||||
| Chifeng Jilong Gold Mining Co., Ltd., Class H | 384 | 1,962 | ||||||
| Contemporary Amperex Technology Co., Ltd., Class H | 131 | 8,236 | ||||||
| Haier Smart Home Co., Ltd., Class H | 2,396 | 7,915 | ||||||
| Hisense Home Appliances Group Co., Ltd., Class H | 1,060 | 3,108 | ||||||
| Kanzhun Ltd. | 364 | 6,741 | ||||||
| Kingsoft Corp., Ltd. | 1,301 | 5,018 | ||||||
| Li Auto, Inc., Class A* | 1,414 | 11,941 | ||||||
| Midea Group Co., Ltd., Class H | 573 | 6,284 | ||||||
| NetEase, Inc. | 2,306 | 60,531 | ||||||
| Tongcheng Travel Holdings Ltd. | 2,070 | 6,160 | ||||||
| Zhejiang Sanhua Intelligent Controls Co., Ltd., Class H | 596 | 2,686 | ||||||
| Zhuzhou CRRC Times Electric Co., Ltd., Class H | 565 | 3,088 | ||||||
| Total China | 164,273 | |||||||
| Denmark — 1.8% | ||||||||
| Genmab A/S* | 49 | 15,784 | ||||||
| Novo Nordisk A/S, Class B | 2,430 | 143,058 | ||||||
| Total Denmark | 158,842 | |||||||
| Finland — 0.2% | ||||||||
| Wartsila OYJ Abp | 451 | 18,350 | ||||||
| France — 0.6% | ||||||||
| Dassault Systemes SE | 900 | 24,862 | ||||||
| Legrand SA | 194 | 31,157 | ||||||
| Total France | 56,019 | |||||||
| Germany — 6.3% | ||||||||
| GEA Group AG | 132 | 9,485 | ||||||
| Knorr-Bremse AG | 125 | 14,640 | ||||||
| Nemetschek SE | 86 | 7,566 | ||||||
| RENK Group AG | 88 | 5,658 | ||||||
| Rheinmetall AG | 33 | 69,939 | ||||||
| SAP SE | 791 | 160,500 | ||||||
| Siemens AG | 573 | 174,713 | ||||||
| Siemens Energy AG* | 620 | 106,618 | ||||||
| Total Germany | 549,119 | |||||||
| Hungary — 0.1% | ||||||||
| Richter Gedeon Nyrt | 168 | 5,653 | ||||||
| Israel — 0.6% | ||||||||
| Check Point Software Technologies Ltd.* | 75 | 13,463 | ||||||
| Elbit Systems Ltd. | 35 | 24,893 | ||||||
| Nice Ltd.* | 50 | 5,357 | ||||||
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Israel (continued) | ||||||||
| Nova Ltd.* | 22 | $ | 10,963 | |||||
| Total Israel | 54,676 | |||||||
| Italy — 0.6% | ||||||||
| Ferrari NV | 141 | 47,102 | ||||||
| Recordati Industria Chimica e Farmaceutica SpA | 170 | 9,372 | ||||||
| Total Italy | 56,474 | |||||||
| Japan — 9.7% | ||||||||
| Advantest Corp. | 499 | 82,503 | ||||||
| Ajinomoto Co., Inc. | 749 | 17,091 | ||||||
| Asahi Intecc Co., Ltd. | 256 | 4,265 | ||||||
| Asics Corp. | 570 | 13,727 | ||||||
| Astellas Pharma, Inc. | 1,372 | 19,069 | ||||||
| Bandai Namco Holdings, Inc. | 508 | 13,205 | ||||||
| Capcom Co., Ltd. | 430 | 10,972 | ||||||
| Chugai Pharmaceutical Co., Ltd. | 1,218 | 69,491 | ||||||
| Daicel Corp. | 315 | 2,972 | ||||||
| Daiichi Sankyo Co., Ltd. | 1,408 | 25,885 | ||||||
| Denso Corp. | 2,160 | 30,007 | ||||||
| Dexerials Corp. | 178 | 3,102 | ||||||
| Disco Corp. | 72 | 30,894 | ||||||
| DMG Mori Co., Ltd. | 168 | 2,962 | ||||||
| Ebara Corp. | 367 | 11,077 | ||||||
| Harmonic Drive Systems, Inc. | 120 | 2,645 | ||||||
| Hoya Corp. | 249 | 41,758 | ||||||
| Japan Tobacco, Inc. | 1,458 | 52,749 | ||||||
| Kagome Co., Ltd. | 131 | 2,320 | ||||||
| Kaneka Corp. | 86 | 2,610 | ||||||
| Kobayashi Pharmaceutical Co., Ltd. | 89 | 3,120 | ||||||
| Komatsu Ltd. | 696 | 26,751 | ||||||
| Konami Group Corp. | 111 | 16,169 | ||||||
| Mitsubishi Electric Corp. | 1,544 | 48,344 | ||||||
| Mitsui Kinzoku Co., Ltd. | 49 | 6,470 | ||||||
| Nikon Corp. | 333 | 4,189 | ||||||
| Nintendo Co., Ltd. | 943 | 61,467 | ||||||
| Nippon Shinyaku Co., Ltd. | 84 | 2,809 | ||||||
| Nissan Chemical Corp. | 131 | 4,520 | ||||||
| Nitto Denko Corp. | 534 | 11,860 | ||||||
| NOF Corp. | 228 | 4,407 | ||||||
| Organo Corp. | 45 | 4,734 | ||||||
| Otsuka Holdings Co., Ltd. | 406 | 24,322 | ||||||
| Rohto Pharmaceutical Co., Ltd. | 237 | 3,930 | ||||||
| Sankyo Co., Ltd. | 260 | 4,071 | ||||||
| Sanwa Holdings Corp. | 203 | 4,606 | ||||||
| SCREEN Holdings Co., Ltd. | 71 | 9,049 | ||||||
| Shionogi & Co., Ltd. | 692 | 14,238 | ||||||
| SMC Corp. | 48 | 18,716 | ||||||
| Sumitomo Bakelite Co., Ltd. | 101 | 3,562 | ||||||
| Suzuki Motor Corp. | 1,484 | 20,265 | ||||||
| Taiyo Holdings Co., Ltd. | 119 | 3,857 | ||||||
| Tokyo Electron Ltd. | 307 | 82,213 | ||||||
| Tokyo Ohka Kogyo Co., Ltd. | 119 | 5,614 | ||||||
| Unicharm Corp. | 1,521 | 9,262 | ||||||
| Yaskawa Electric Corp. | 227 | 7,233 | ||||||
| Total Japan | 845,082 | |||||||
| Netherlands — 4.6% | ||||||||
| ASM International NV | 33 | 27,866 | ||||||
| ASML Holding NV | 249 | 360,090 | ||||||
| BE Semiconductor Industries NV | 58 | 11,350 | ||||||
| Total Netherlands | 399,306 | |||||||
Schedule of Investments ─ NYLI Global Equity R&D Leaders ETF (continued)
January 31, 2026 (unaudited)
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Norway — 0.3% | ||||||||
| Kongsberg Gruppen ASA | 661 | $ | 22,762 | |||||
| South Korea — 0.7% | ||||||||
| HD Hyundai Marine Solution Co., Ltd. | 41 | 5,224 | ||||||
| Hyundai Rotem Co., Ltd. | 86 | 13,772 | ||||||
| Kakao Corp. | 342 | 14,589 | ||||||
| LIG Nex1 Co., Ltd.* | 19 | 6,356 | ||||||
| Samsung Heavy Industries Co., Ltd.* | 683 | 13,974 | ||||||
| Samyang Foods Co., Ltd. | 7 | 5,738 | ||||||
| SK Biopharmaceuticals Co., Ltd.* | 70 | 5,738 | ||||||
| Total South Korea | 65,391 | |||||||
| Sweden — 3.5% | ||||||||
| Alfa Laval AB | 314 | 18,353 | ||||||
| Assa Abloy AB, Class B | 778 | 31,631 | ||||||
| Atlas Copco AB, A Shares | 3,411 | 70,803 | ||||||
| Epiroc AB, Class A | 872 | 24,597 | ||||||
| Hexagon AB, B Shares | 1,761 | 20,012 | ||||||
| Saab AB, Class B | 394 | 30,858 | ||||||
| Sandvik AB | 922 | 36,631 | ||||||
| SKF AB, B Shares | 365 | 9,591 | ||||||
| Swedish Orphan Biovitrum AB* | 284 | 10,812 | ||||||
| Volvo AB, B Shares | 1,477 | 54,059 | ||||||
| Total Sweden | 307,347 | |||||||
| Switzerland — 1.4% | ||||||||
| ABB Ltd. | 1,326 | 114,786 | ||||||
| Logitech International SA | 115 | 9,952 | ||||||
| Total Switzerland | 124,738 | |||||||
| Taiwan — 6.7% | ||||||||
| Accton Technology Corp. | 393 | 13,924 | ||||||
| Advantech Co., Ltd. | 684 | 6,510 | ||||||
| Asia Vital Components Co., Ltd. | 278 | 12,897 | ||||||
| ASMedia Technology, Inc. | 75 | 3,074 | ||||||
| Delta Electronics, Inc. | 1,698 | 65,826 | ||||||
| E Ink Holdings, Inc. | 944 | 5,249 | ||||||
| Elite Material Co., Ltd. | 251 | 13,918 | ||||||
| Fortune Electric Co., Ltd. | 262 | 8,076 | ||||||
| Gold Circuit Electronics Ltd. | 380 | 8,465 | ||||||
| Hotai Motor Co., Ltd. | 467 | 8,073 | ||||||
| International Games System Co., Ltd. | 251 | 5,711 | ||||||
| Jentech Precision Industrial Co., Ltd. | 107 | 9,656 | ||||||
| momo.com, Inc. | 383 | 2,294 | ||||||
| Parade Technologies Ltd. | 116 | 1,950 | ||||||
| PharmaEssentia Corp. | 327 | 8,001 | ||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. | 7,219 | 407,173 | ||||||
| Voltronic Power Technology Corp. | 103 | 2,792 | ||||||
| Total Taiwan | 583,589 | |||||||
| Turkey — 0.4% | ||||||||
| Aselsan Elektronik Sanayi Ve Ticaret A/S | 3,413 | 23,797 | ||||||
| Hektas Ticaret TAS* | 21,957 | 1,696 | ||||||
| Mavi Giyim Sanayi Ve Ticaret A/S, Class B | 1,637 | 1,820 | ||||||
| TR Anadolu Metal Madencilik Isletmeleri A/S* | 639 | 2,109 | ||||||
| Turk Altin Isletmeleri A/S* | 3,235 | 4,061 | ||||||
| Ulker Biskuvi Sanayi A/S, (Turkey) | 654 | 2,036 | ||||||
| Total Turkey | 35,519 | |||||||
| United Kingdom — 2.4% | ||||||||
| AstraZeneca PLC | 1,110 | 207,155 | ||||||
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| United States — 56.3% | ||||||||
| Adobe, Inc.* | 86 | $ | 25,220 | |||||
| Airbnb, Inc., Class A* | 103 | 13,325 | ||||||
| Allegion PLC | 68 | 11,247 | ||||||
| Alphabet, Inc., Class A | 1,857 | 627,666 | ||||||
| Amazon.com, Inc.* | 1,687 | 403,699 | ||||||
| AMETEK, Inc. | 56 | 12,543 | ||||||
| Apple, Inc. | 1,575 | 408,681 | ||||||
| Applied Materials, Inc. | 162 | 52,216 | ||||||
| AppLovin Corp., Class A* | 64 | 30,279 | ||||||
| Arista Networks, Inc.* | 260 | 36,852 | ||||||
| Autodesk, Inc.* | 47 | 11,885 | ||||||
| Automatic Data Processing, Inc. | 94 | 23,201 | ||||||
| Axon Enterprise, Inc.* | 19 | 9,188 | ||||||
| Broadcom, Inc. | 944 | 312,747 | ||||||
| Cadence Design Systems, Inc.* | 58 | 17,189 | ||||||
| Church & Dwight Co., Inc. | 66 | 6,352 | ||||||
| Cisco Systems, Inc. | 805 | 63,048 | ||||||
| Colgate-Palmolive Co. | 193 | 17,426 | ||||||
| Corteva, Inc. | 166 | 12,085 | ||||||
| Deckers Outdoor Corp.* | 44 | 5,251 | ||||||
| Deere & Co. | 62 | 32,736 | ||||||
| Dell Technologies, Inc., Class C | 77 | 8,812 | ||||||
| Docusign, Inc.* | 60 | 3,152 | ||||||
| DoorDash, Inc., Class A* | 96 | 19,644 | ||||||
| Eaton Corp. PLC | 281 | 98,749 | ||||||
| Electronic Arts, Inc. | 61 | 12,439 | ||||||
| Eli Lilly & Co. | 211 | 218,839 | ||||||
| Fair Isaac Corp.* | 5 | 7,316 | ||||||
| Fortinet, Inc.* | 163 | 13,245 | ||||||
| GSK PLC | 2,947 | 75,886 | ||||||
| IDEX Corp. | 23 | 4,567 | ||||||
| Illinois Tool Works, Inc. | 69 | 18,027 | ||||||
| Incyte Corp.* | 55 | 5,504 | ||||||
| Insulet Corp.* | 20 | 5,116 | ||||||
| International Business Machines Corp. | 191 | 58,580 | ||||||
| Intuit, Inc. | 58 | 28,937 | ||||||
| Intuitive Surgical, Inc.* | 81 | 40,842 | ||||||
| Kenvue, Inc. | 492 | 8,561 | ||||||
| Keysight Technologies, Inc.* | 40 | 8,653 | ||||||
| Kimberly-Clark Corp. | 85 | 8,499 | ||||||
| Lam Research Corp. | 256 | 59,766 | ||||||
| McCormick & Co., Inc. | 79 | 4,885 | ||||||
| Meta Platforms, Inc., Class A | 485 | 347,502 | ||||||
| Mettler-Toledo International, Inc.* | 5 | 6,866 | ||||||
| Microsoft Corp. | 1,177 | 506,451 | ||||||
| Monolithic Power Systems, Inc. | 11 | 12,366 | ||||||
| Motorola Solutions, Inc. | 36 | 14,491 | ||||||
| NVIDIA Corp. | 3,555 | 679,467 | ||||||
| Oracle Corp. | 581 | 95,621 | ||||||
| Palo Alto Networks, Inc.* | 146 | 25,838 | ||||||
| PepsiCo, Inc. | 312 | 47,933 | ||||||
| Philip Morris International, Inc. | 352 | 63,163 | ||||||
| Pinterest, Inc., Class A* | 178 | 3,939 | ||||||
| PTC, Inc.* | 31 | 4,840 | ||||||
| QUALCOMM, Inc. | 222 | 33,653 | ||||||
| Regeneron Pharmaceuticals, Inc. | 24 | 17,795 | ||||||
| ResMed, Inc. | 37 | 9,557 | ||||||
| ServiceNow, Inc.* | 216 | 25,274 | ||||||
| Sherwin-Williams Co. (The) | 58 | 20,569 | ||||||
| Texas Instruments, Inc. | 188 | 40,523 | ||||||
| Trade Desk, Inc. (The), Class A* | 133 | 4,034 | ||||||
| Trane Technologies PLC | 161 | 67,713 | ||||||
| Ubiquiti, Inc. | 14 | 7,720 | ||||||
| Veeva Systems, Inc., Class A* | 42 | 8,565 | ||||||
| Vertiv Holdings Co., Class A | 91 | 16,942 | ||||||
| Zoetis, Inc. | 107 | 13,356 | ||||||
Schedule of Investments ─ NYLI Global Equity R&D Leaders ETF (continued)
January 31, 2026 (unaudited)
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| United States (continued) | ||||||||
| Zoom Video Communications, Inc., Class A* | 65 | $ | 5,986 | |||||
| Total United States | 4,923,019 | |||||||
| Total Common Stocks | ||||||||
| (Cost $7,176,578) | 8,723,031 | |||||||
| Preferred Stock — 0.0%(a) | ||||||||
| Germany — 0.0%(a) | ||||||||
| FUCHS SE, 3.00% | ||||||||
| (Cost $2,872) | 62 | 2,697 | ||||||
| Warrants — 0.0%(a) | ||||||||
| Canada — 0.0%(a) | ||||||||
| Constellation Software, Inc., 11.50%, expires 3/31/40*(b) | ||||||||
| (Cost $–) | 11 | 0 | ||||||
| Short-Term Investment — 0.0%(a) | ||||||||
| Money Market Funds — 0.0%(a) | ||||||||
| Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.65%(c) | ||||||||
| (Cost $3) | 3 | 3 | ||||||
| Total Investments — 99.8% (Cost $7,179,453) | 8,725,731 | |||||||
| Other Assets and Liabilities, Net — 0.2% | 15,803 | |||||||
| Net Assets — 100.0% | $ | 8,741,534 | ||||||
| % of | ||||||||
| Industry | Value | Net Assets | ||||||
| Information Technology | $ | 4,042,740 | 46.2 | % | ||||
| Industrials | 1,423,470 | 16.3 | ||||||
| Communication Services | 1,170,036 | 13.4 | ||||||
| Health Care | 1,009,736 | 11.6 | ||||||
| Consumer Discretionary | 735,630 | 8.4 | ||||||
| Consumer Staples | 253,066 | 2.9 | ||||||
| Materials | 91,050 | 1.0 | ||||||
| Money Market Funds | 3 | 0.0 | (a) | |||||
| Total Investments | $ | 8,725,731 | 99.8 | % | ||||
| Other Assets and Liabilities, Net | 15,803 | 0.2 | ||||||
| Total Net Assets | $ | 8,741,534 | 100 .0% | |||||
| * | Non-income producing securities. |
| (a) | Less than 0.05%. |
| (b) | Securities are fair valued as determined in good faith in accordance with the procedures established by the Board of Trustees. The securities are fair valued using significant unobservable inputs. |
| (c) | Reflects the 1-day yield at January 31, 2026. |
Schedule of Investments ─ NYLI Global Equity R&D Leaders ETF (continued)
January 31, 2026 (unaudited)
The following is a summary of the inputs used to value the Fund's investments as of January 31, 2026. 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:(d) | ||||||||||||||||
| Common Stocks | $ | 8,723,031 | $ | — | $ | — | $ | 8,723,031 | ||||||||
| Preferred Stock | 2,697 | — | — | 2,697 | ||||||||||||
| Warrants | — | — | 0 | (e) | — | |||||||||||
| Short-Term Investment: | ||||||||||||||||
| Money Market Funds | 3 | — | — | 3 | ||||||||||||
| Total Investments in Securities | $ | 8,725,731 | $ | — | $ | 0 | $ | 8,725,731 |
| (d) | For a complete listing of investments and their countries, see the Schedule of Investments. |
| (e) | The Level 3 securities, valued in total at $0, have been fair valued in good faith in accordance with procedures established by the Board of Trustees. |
A reconciliation of assets in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the beginning and/or end of the period.