Schedule of Investments ─ NYLIM CBRE Real Estate & Infrastructure ETF (formerly, NYLI CBRE Real Assets ETF)
July 31, 2026 (unaudited)
| Shares | Value | |||||||
| Common Stocks — 99.4% | ||||||||
| Communications — 0.6% | ||||||||
| Cellnex Telecom SA* | 222 | $ | 6,863 | |||||
| NETLINK NBN TRUST | 40,746 | 32,056 | ||||||
| Total Communications | 38,919 | |||||||
| Datacenters — 7.9% | ||||||||
| Blackstone Digital Infrastructure Trust, Inc.* | 2,566 | 53,398 | ||||||
| DigiCo Infrastructure REIT | 37,937 | 67,679 | ||||||
| Digital Realty Trust, Inc. | 313 | 59,007 | ||||||
| Equinix, Inc. | 265 | 270,109 | ||||||
| Iron Mountain, Inc. | 796 | 97,367 | ||||||
| Total Datacenters | 547,560 | |||||||
| Diversified — 0.7% | ||||||||
| Infratil Ltd. | 5,315 | 46,163 | ||||||
| Diversified Property Holdings — 5.9% | ||||||||
| Activia Properties, Inc. | 20 | 17,949 | ||||||
| GPT Group (The) | 12,489 | 45,086 | ||||||
| Japan Prime Realty Investment Corp. | 43 | 26,493 | ||||||
| Land Securities Group PLC | 5,579 | 52,969 | ||||||
| LondonMetric Property PLC | 17,319 | 45,728 | ||||||
| Merlin Properties Socimi SA | 3,003 | 52,034 | ||||||
| Mitsui Fudosan Co., Ltd. | 3,600 | 35,271 | ||||||
| Orix JREIT, Inc. | 41 | 26,548 | ||||||
| Sun Hung Kai Properties Ltd. | 4,766 | 74,879 | ||||||
| Swire Properties Ltd. | 10,862 | 33,106 | ||||||
| Total Diversified Property Holdings | 410,063 | |||||||
| Healthcare Facilities — 9.8% | ||||||||
| American Healthcare REIT, Inc. | 336 | 18,682 | ||||||
| Healthpeak Properties, Inc. | 1,925 | 42,023 | ||||||
| Janus Living, Inc., Class A-1 | 2,267 | 68,486 | ||||||
| Omega Healthcare Investors, Inc. | 1,107 | 56,047 | ||||||
| Primary Health Properties PLC | 21,243 | 27,001 | ||||||
| Welltower, Inc. | 1,966 | 460,909 | ||||||
| Total Healthcare Facilities | 673,148 | |||||||
| Industrial Properties — 5.9% | ||||||||
| Americold Realty Trust, Inc. | 3,419 | 48,174 | ||||||
| EastGroup Properties, Inc. | 376 | 78,588 | ||||||
| First Industrial Realty Trust, Inc. | 510 | 33,578 | ||||||
| GLP J-Reit | 58 | 52,818 | ||||||
| Goodman Group | 3,444 | 72,011 | ||||||
| Prologis, Inc. | 614 | 88,791 | ||||||
| Warehouses De Pauw CVA | 1,247 | 32,023 | ||||||
| Total Industrial Properties | 405,983 | |||||||
| Midstream/Pipelines — 5.8% | ||||||||
| Cheniere Energy, Inc. | 134 | 35,318 | ||||||
| Enbridge, Inc.(a) | 1,465 | 79,659 | ||||||
| Gibson Energy, Inc. | 961 | 21,983 | ||||||
| Kinder Morgan, Inc. | 711 | 22,880 | ||||||
| Pembina Pipeline Corp.(a) | 593 | 28,973 | ||||||
| Targa Resources Corp. | 304 | 82,193 | ||||||
| Williams Cos., Inc. (The) | 1,828 | 130,775 | ||||||
| Total Midstream/Pipelines | 401,781 | |||||||
| Net Leased Properties — 1.6% | ||||||||
| Getty Realty Corp. | 1,160 | 39,602 | ||||||
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Net Leased Properties (continued) | ||||||||
| VICI Properties, Inc. | 2,626 | $ | 69,195 | |||||
| Total Net Leased Properties | 108,797 | |||||||
| Office Buildings — 3.1% | ||||||||
| Castellum AB | 1,541 | 21,621 | ||||||
| Cousins Properties, Inc. | 671 | 21,170 | ||||||
| Hongkong Land Holdings Ltd. | 4,000 | 32,480 | ||||||
| Kilroy Realty Corp. | 900 | 34,938 | ||||||
| PSP Swiss Property AG | 185 | 33,385 | ||||||
| Sirius Real Estate Ltd. | 12,328 | 16,416 | ||||||
| Vornado Realty Trust | 1,305 | 51,404 | ||||||
| Total Office Buildings | 211,414 | |||||||
| Residential — 5.0% | ||||||||
| Centurion Accommodation REIT | 77,300 | 68,039 | ||||||
| Essex Property Trust, Inc. | 274 | 77,854 | ||||||
| Sun Communities, Inc. | 281 | 34,698 | ||||||
| TAG Immobilien AG | 1,696 | 26,948 | ||||||
| UDR, Inc. | 3,519 | 134,285 | ||||||
| Total Residential | 341,824 | |||||||
| Residential: Hotels — 2.5% | ||||||||
| Hilton Worldwide Holdings, Inc. | 108 | 34,613 | ||||||
| Host Hotels & Resorts, Inc. | 2,244 | 56,391 | ||||||
| Japan Hotel REIT Investment Corp. | 43 | 21,983 | ||||||
| Pandox AB | 988 | 18,310 | ||||||
| Ryman Hospitality Properties, Inc. | 283 | 37,823 | ||||||
| Total Residential: Hotels | 169,120 | |||||||
| Retail: Community Shopping Centers — 3.9% | ||||||||
| Brixmor Property Group, Inc. | 2,555 | 80,508 | ||||||
| Federal Realty Investment Trust | 754 | 93,564 | ||||||
| InvenTrust Properties Corp. | 1,079 | 38,208 | ||||||
| Link REIT | 11,730 | 58,518 | ||||||
| Total Retail: Community Shopping Centers | 270,798 | |||||||
| Retail: Enclosed Malls — 5.0% | ||||||||
| CapitaLand Integrated Commercial Trust | 19,900 | 38,597 | ||||||
| Klepierre SA | 1,731 | 78,350 | ||||||
| Macerich Co. (The) | 2,064 | 53,334 | ||||||
| Simon Property Group, Inc. | 442 | 101,381 | ||||||
| Unibail-Rodamco-Westfield* | 630 | 76,326 | ||||||
| Total Retail: Enclosed Malls | 347,988 | |||||||
| Self Storage Property — 1.2% | ||||||||
| CubeSmart | 1,976 | 81,925 | ||||||
| Towers — 1.6% | ||||||||
| American Tower Corp. | 649 | 112,511 | ||||||
| Transportation — 11.7% | ||||||||
| Aena SME SA | 1,520 | 46,659 | ||||||
| Auckland International Airport Ltd. | 6,983 | 35,742 | ||||||
| Canadian National Railway Co. | 930 | 118,168 | ||||||
| Canadian Pacific Kansas City Ltd. | 495 | 43,937 | ||||||
| East Japan Railway Co. | 1,400 | 32,322 | ||||||
| Eiffage SA | 243 | 34,459 | ||||||
| Ferrovial NV | 926 | 60,451 | ||||||
Schedule of Investments ─ NYLIM CBRE Real Estate & Infrastructure ETF (formerly, NYLI CBRE Real Assets ETF) (continued)
July 31, 2026 (unaudited)
| Shares | Value | |||||||
| Common Stocks (continued) | ||||||||
| Transportation (continued) | ||||||||
| Grupo Aeroportuario del Pacifico SAB de CV, Class B | 4,687 | $ | 101,715 | |||||
| Grupo Aeroportuario del Sureste SAB de CV, Class B | 1,924 | 53,187 | ||||||
| Jiangsu Expressway Co., Ltd., Class H | 24,074 | 29,841 | ||||||
| Norfolk Southern Corp. | 265 | 88,902 | ||||||
| Transurban Group | 3,705 | 38,539 | ||||||
| Union Pacific Corp. | 196 | 57,257 | ||||||
| Vinci SA | 479 | 67,539 | ||||||
| Total Transportation | 808,718 | |||||||
| Utilities — 27.2% | ||||||||
| American Electric Power Co., Inc. | 787 | 100,618 | ||||||
| Atmos Energy Corp. | 623 | 107,642 | ||||||
| Chesapeake Utilities Corp. | 234 | 31,070 | ||||||
| Constellation Energy Corp. | 127 | 33,369 | ||||||
| E.ON SE | 5,325 | 114,661 | ||||||
| Enel SpA | 10,972 | 123,701 | ||||||
| Entergy Corp. | 845 | 90,939 | ||||||
| Evergy, Inc. | 1,048 | 86,994 | ||||||
| Iberdrola SA(a) | 43 | 1,022 | ||||||
| Kansai Electric Power Co., Inc. (The)(a) | 3,322 | 50,917 | ||||||
| National Grid PLC | 4,549 | 72,850 | ||||||
| NextEra Energy, Inc. | 754 | 65,538 | ||||||
| OGE Energy Corp. | 953 | 45,125 | ||||||
| PG&E Corp. | 4,133 | 71,831 | ||||||
| PPL Corp. | 2,964 | 104,362 | ||||||
| Public Service Enterprise Group, Inc. | 974 | 74,686 | ||||||
| RWE AG | 1,296 | 85,262 | ||||||
| Severn Trent PLC | 1,231 | 49,997 | ||||||
| Southern Co. (The) | 603 | 57,008 | ||||||
| Spire, Inc. | 510 | 40,729 | ||||||
| SSE PLC | 3,252 | 102,670 | ||||||
| WEC Energy Group, Inc. | 1,522 | 166,537 | ||||||
| Xcel Energy, Inc. | 2,522 | 197,220 | ||||||
| Total Utilities | 1,874,748 | |||||||
| Total Common Stocks | ||||||||
| (Cost $5,874,786) | 6,851,460 | |||||||
| Short-Term Investments — 1.4% | ||||||||
| Money Market Funds — 1.4% | ||||||||
| BlackRock Liquidity FedFund, 3.57%(b) | 42,563 | 42,563 | ||||||
| BNY Dreyfus Government Cash Management Fund, Institutional Shares, 3.53%(b)(c) | 53,440 | 53,440 | ||||||
| Total Short-Term Investments | ||||||||
| (Cost $96,003) | 96,003 | |||||||
| Total Investments
— 100.8% (Cost $5,970,789) | 6,947,463 | |||||||
| Other
Assets and Liabilities, Net — (0.8)% | (57,885 | ) | ||||||
| Net Assets — 100.0% | $ | 6,889,578 | ||||||
| * | Non-income producing securities. |
| (a) | All or a portion of the security was on loan. In addition, “Other Assets and Liabilities, Net” may include pending sales that are also on loan. The aggregate market value of securities on loan was $152,474; total market value of collateral held by the Fund was $164,172. Market value of the collateral held includes non-cash U.S. Treasury securities collateral having a value of $110,732. |
| (b) | Reflects the 1-day yield at July 31, 2026. |
| (c) | Represents security purchased with cash collateral received for securities on loan. |
Schedule of Investments ─ NYLIM CBRE Real Estate & Infrastructure ETF (formerly, NYLI CBRE Real Assets ETF) (continued)
July 31, 2026 (unaudited)
The following is a summary of the inputs used to value the Fund's investments as of July 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 | $ | 6,851,460 | $ | — | $ | — | $ | 6,851,460 | ||||||||
| Short-Term Investments: | ||||||||||||||||
| Money Market Funds | 96,003 | — | — | 96,003 | ||||||||||||
| Total Investments in Securities | $ | 6,947,463 | $ | — | $ | — | $ | 6,947,463 | ||||||||
| (d) | For a complete listing of investments and their industries, see the Schedule of Investments. |
For the period ended July 31, 2026, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.