MMCANYLI MacKay California Muni Intermediate ETF
Seeks current income exempt from federal and California income taxes.
By New York Life Investment Management LLC · Launched 2021
Annual Cost
0.36%
#1,830 of 6,040 · low cost
Fund Size
$90M
#3,202 of 6,040 · mid-size
Return (1Y)
-0.6%
Track Record
4 years
#2,528 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$9,945-0.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 19.8% of funddiversified
CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA)
2.6%
CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA)
2.6%
CALIFORNIA ST PUB WKS BRD
2.5%
CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA)
2.0%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK
1.8%
SACRAMENTO COUNTY SANITATION DISTRICT FINANCING AUTHORITY (CA)
1.8%
CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)
1.8%
SOUTHERN CALIF PUB PWR AUTH
1.7%
SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION (CA)
1.6%
SACRAMENTO (CA), COUNTY OF
1.5%
Asset allocation
Bonds
90.4%
Cash
9.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.8%Low
Year-on-year price swings
Max drawdown
-16.0%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.17Below average
Sortino (3Y)
-0.23Moderate downside risk
Bond profile
Duration
4.5 years
Avg maturity
10.3 years
Credit ratings
AAA
5.6%
AA
50.7%
A
25.1%
BBB
7.9%
BB
0.8%
Other
9.9%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income exempt from federal and California income taxes.
- Strategy
- Invests primarily in municipal bonds, focusing on those exempt from federal and California income taxes, while maintaining a portfolio modified duration of 3 to 8 years. Uses active management to identify mispriced bonds and reduce volatility, considering credit quality and ESG risks.
- Inception date
- December 21, 2021
- Fund family
- New York Life Investment Management LLC
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save MMCA to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18