# EDGAR Filing Document

**Accession Number:** 0001415995
**File Stem:** 0001999371-25-008307
**Filing Date:** 2025-6
**Character Count:** 4869
**Document Hash:** fbc0faefc1b6ba22d0fe7cfda002c7f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-008307.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001999371-25-008307

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**EFFECTIVENESS DATE**: 20250626

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New York Life Investments ETF Trust
- **CENTRAL INDEX KEY:** 0001415995

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-152915
- **FILM NUMBER:** 251075287

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 576-5018

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IndexIQ ETF Trust
- **DATE OF NAME CHANGE:** 20080908

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IQSHARES Trust
- **DATE OF NAME CHANGE:** 20080808

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IQSHARES Trust 1
- **DATE OF NAME CHANGE:** 20071024

## Series and Classes Contracts Data

### NYLI U.S. Large Cap R&D Leaders ETF (Series ID: S000074745)

---

|  |  |  |
|:---|:---|:---|
| Class Name                          | Ticker Symbol | Class ID   |
| NYLI U.S. Large Cap R&D Leaders ETF | LRND          | C000232898 |

---

## Series and Classes Contracts Data

### NYLI U.S. Large Cap R&D Leaders ETF (Series ID: S000074745)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000232898 | NYLI U.S. Large Cap R&D Leaders ETF | LRND            |

?xml version='1.0' encoding='ASCII'? largecap-497_062625

**NEW YORK LIFE INVESTMENTS ETF TRUST**

**NYLI U.S. Large Cap R&D Leaders ETF**

**(the "Fund")**

Supplement dated June 26, 2025 ("Supplement") to the Fund's

Summary Prospectus and Prospectus, each dated August 28, 2024, as supplemented

*Capitalized terms and certain other terms used in this Supplement, unless otherwise defined in this Supplement, have the meanings assigned to them in the Summary Prospectus and Prospectus.* 

Effective August 28, 2025, the following changes will be made to the Summary Prospectus and Prospectus:

1. The **"Principal Investment Strategies"** section is revised as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.In the first paragraph, the third sentence is deleted in its entirety and replaced with the following:

The Underlying Index seeks to provide exposure to innovative companies by investing in the equities of U.S. large cap companies whose research and development ("R&D") indicates a commitment to innovation and a focus on long-term growth spending. R&D spending includes expenditures on R&D intended for the development of concepts or ideas for products or services by which the issuer can increase revenues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.In the second paragraph, the second and third sentences are deleted in their entirety and replaced with the following:

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 Underlying Index then ranks companies based on an analysis of a company's R&D spending to sales and return on invested capital. R&D spending to sales measures a company's investment in R&D as a percentage of its total sales, and companies are ranked based on their score within their sector. Return on invested capital measures how efficiently a company deploys capital to generate profits. The 100 highest ranked companies are included for selection in the Underlying Index.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.In the third paragraph, the first sentence is deleted in its entirety and replaced with the following:

Securities selected for inclusion in the Underlying Index are weighted based on their market capitalization ranking, subject to a maximum weight at the time of rebalance of the greater of (i) 5%, or (ii) the weight of a component's issuer in the Russell 1000<sup>®</sup> Growth Index plus 2% ("Component Weight Cap").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.In the fourth paragraph, the first sentence is deleted in its entirety and replaced with the following:

Additionally, at the time of rebalance, the Underlying Index limits the maximum weight of all securities within each sector to the greater of (i) 20%, or (ii) the weight of the sector in the Russell 1000 Growth Index plus 5% ("Sector Weight Cap").

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR** **FUTURE REFERENCE** 

REG-00059-06/25