NYLI U.S. Large Cap R&D Leaders ETF (LRND)

NYLI U.S. Large Cap R&D Leaders ETF (LRND) is an exchange-traded fund in the Large Growth category. It has $373.52M in assets, an expense ratio of 0.14% and a 0.42% dividend yield. The underlying index uses a screening process to exclude companies in sectors where R&D investments have historically had less impact on a company’s performance, and to identify companies that have exhibited a strong commitment for long term growth by reinvesting in R&D. The fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. The fund is non-diversified.