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%
#1,780 of 5,861 · low cost
Fund Size
$89M
#3,103 of 5,861 · mid-size
Dividend YieldGoal
3.54%
Track Record
4 years
#2,514 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,390+3.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 19.8% of fund✓ well diversified
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
98.3%
Cash
1.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.7%Low
Year-on-year price swings
Max drawdown
-16.0%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.09Below average
Sortino (3Y)
-0.12Moderate downside risk
Bond profile
Duration
4.4 years
Avg maturity
10.4 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 & exposureWhat's next?
You've looked at MMCA. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-04