NEW YORK LIFE INVESTMENTS ETF TRUST NYLI U.S. LARGE CAP R&D LEADERS ETF

NYLI U.S. Large Cap R&D Leaders ETF (LRND) seeks investment results that track, before fees and expenses, the price and yield performance of the NYLI U.S. Large Cap R&D Leaders Index, an index that seeks to provide exposure to innovative companies by investing in U.S. large-cap equity securities of companies that have high research and development (R&D) spending.