Schedule of Investments ─ NYLIM International Small-Mid Cap Equity ETF (formerly, NYLI International Small-Mid Cap Equity ETF)

	Shares		Value
Common Stocks — 98.8%

Australia — 8.6%
Codan Ltd.		9,020	$	253,915
Imdex Ltd.		43,910		113,800
Ingenia Communities Group		182,980		561,616
Medibank Pvt Ltd.		77,284		280,630
Mirvac Group		211,475		265,868
Tuas Ltd.*		76,024		115,334
Washington H Soul Pattinson & Co., Ltd.		18,228		591,857
Total Australia				2,183,020

Austria — 1.3%
ANDRITZ AG		3,685		344,270

Belgium — 2.9%
Aedifica SA		2,419		195,518
Bekaert SA		2,542		116,549
Montea NV		2,501		195,672
Warehouses De Pauw CVA		8,774		225,319
Total Belgium				733,058

Canada — 10.8%
Canadian Tire Corp., Ltd., Class A		3,772		550,131
Empire Co., Ltd., Class A		16,031		586,343
Extendicare, Inc.		13,455		340,295
Hammond Power Solutions, Inc.		1,312		234,455
Linamar Corp.		4,756		350,517
Stantec, Inc.		2,542		179,264
TMX Group Ltd.		13,612		497,187
Total Canada				2,738,192

China — 0.9%
SITC International Holdings Co., Ltd.		47,200		237,637

Denmark — 3.1%
FLSmidth & Co. A/S		2,132		159,225
NKT A/S*		2,460		334,727
Ringkjoebing Landbobank A/S		533		142,916
Tryg A/S		6,560		156,206
Total Denmark				793,074

Finland — 1.4%
Outokumpu OYJ		57,850		345,443

France — 3.8%
Bureau Veritas SA		9,635		306,626
Exosens SAS		2,788		183,482
Gaztransport Et Technigaz SA		2,091		470,815
Total France				960,923

Germany — 4.6%
MTU Aero Engines AG		1,107		460,809
Rational AG		205		158,971
thyssenkrupp AG		26,814		371,907
Tkms AG& Co. KGaA*		1,886		177,718
Total Germany				1,169,405

Hong Kong — 1.6%
SUNeVision Holdings Ltd.		181,120		111,560
Swire Pacific Ltd., Class A		24,340		308,844
Total Hong Kong				420,404

	Shares		Value
Common Stocks (continued)

Italy — 5.2%
Banca Generali SpA		2,460	$	184,964
Leonardo SpA		6,355		403,023
Terna - Rete Elettrica Nazionale		49,896		572,471
Unipol Gruppo SpA		4,838		150,681
Total Italy				1,311,139

Japan — 31.0%
Amano Corp.		16,359		398,020
Asics Corp.		16,031		478,640
Bandai Namco Holdings, Inc.		16,523		478,282
C Uyemura & Co., Ltd.		1,025		144,070
Capcom Co., Ltd.		11,480		285,801
Chudenko Corp.		2,460		76,631
Dai-Dan Co., Ltd.		8,600		131,842
Daifuku Co., Ltd.		10,086		378,989
Daihen Corp.		1,599		138,485
ENEOS Holdings, Inc.		52,047		433,929
Fujikura Ltd.		5,728		150,085
Hochiki Corp.		8,100		98,182
Horiba Ltd.		3,403		548,733
Inaba Denki Sangyo Co., Ltd.		6,068		109,089
Japan Exchange Group, Inc.		36,497		502,557
Kohoku Kogyo Co., Ltd.		4,510		124,062
Konoike Transport Co., Ltd.		11,234		211,098
Nippon Gas Co., Ltd.		10,500		188,008
Nippon Signal Co., Ltd.		10,400		104,963
Nissan Chemical Corp.		12,956		610,513
Nitto Denko Corp.		25,953		541,961
Shionogi & Co., Ltd.		10,660		194,722
SHO-BOND Holdings Co., Ltd.		38,416		319,078
Sumitomo Mitsui Trust Group, Inc.		36,572		379,903
Systena Corp.		30,591		80,692
Takasago Thermal Engineering Co., Ltd.		6,662		178,406
TDK Corp.		27,388		517,401
Toenec Corp.		6,683		86,043
Total Japan				7,890,185

Netherlands — 5.1%
ASR Nederland NV		2,624		213,990
Euronext NV		1,558		284,299
IMCD NV		2,911		317,442
Koninklijke KPN NV		99,547		470,848
Total Netherlands				1,286,579

Singapore — 2.9%
Keppel DC REIT		177,404		308,156
Singapore Exchange Ltd.		23,247		442,921
Total Singapore				751,077

Sweden — 6.2%
AddTech AB, B Shares		7,954		288,979
AQ Group AB		6,068		130,392
Attendo AB		13,571		155,625
Axfood AB		10,660		271,863
Lagercrantz Group AB, B Shares		6,191		145,365
Nibe Industrier AB, B Shares		54,898		219,477
SSAB AB, B Shares		34,686		363,767
Total Sweden				1,575,468

Switzerland — 1.6%
Geberit AG		287		188,791

Schedule of Investments ─ NYLIM International Small-Mid Cap Equity ETF (formerly, NYLI International Small-Mid Cap Equity ETF) (continued)

	Shares		Value
Common Stocks (continued)

Switzerland (continued)
R&S Group Holding AG*		8,610	$	222,633
Total Switzerland				411,424

United Kingdom — 6.5%
Diploma PLC		4,346		428,120
Games Workshop Group PLC		1,230		316,488
Hill & Smith PLC		5,822		223,296
Serco Group PLC		87,124		283,269
Softcat PLC		9,937		258,093
Wise Group PLC, Class A*		11,559		137,760
Total United Kingdom				1,647,026

United States — 1.3%
Buzzi SpA		6,847		323,857

Total Common Stocks
(Cost $25,117,113)				25,122,181

Short-Term Investment — 0.9%

Money Market Fund — 0.9%
BNY Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 3.64%^(a)
(Cost $237,288)		237,288		237,288

Total Investments — 99.7% (Cost $25,354,401)				25,359,469
Other Assets and Liabilities, Net — 0.3%				64,983
Net Assets — 100.0%			$	25,424,452

			% of
Industry	Value		Net Assets
Industrials	$	7,347,900		28.9	%
Financials		3,965,871		15.6
Materials		3,155,162		12.4
Information Technology		2,640,987		10.4
Consumer Discretionary		2,174,058		8.5
Real Estate		1,752,148		6.9
Energy		904,744		3.6
Communication Services		871,984		3.4
Consumer Staples		858,206		3.4
Utilities		760,478		3.0
Health Care		690,643		2.7
Money Market Fund		237,288		0.9
Total Investments	$	25,359,469		99.7	%
Other Assets and Liabilities, Net		64,983		0.3
Total Net Assets	$	25,424,452		100.0	%

*	Non-income producing securities.
(a)	Reflects the 1-day yield at July 31, 2026.

Schedule of Investments ─ NYLIM International Small-Mid Cap Equity ETF (formerly, NYLI International Small-Mid Cap Equity ETF) (continued)

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.

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.

Description	Level 1		Level 2		Level 3		Total
Asset Valuation Inputs
Investments in Securities:^(b)
Common Stocks	$	25,122,181	$	—	$	—	$	25,122,181
Short-Term Investment:
Money Market Fund		237,288		—		—		237,288
Total Investments in Securities	$	25,359,469	$	—	$	—	$	25,359,469