NYLIM CBRE Real Estate & Infrastructure ETF REIX Strategy

The investment seeks total return through capital growth and current income. The fund will normally invest at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in securities issued by real estate companies and infrastructure companies. Under normal circumstances, the fund invests primarily in common stock but may also invest in other equity securities including preferred stock, convertible securities, rights or warrants to buy common stocks, master limited partnerships (“MLPs”), and depositary receipts with characteristics similar to common stock.