MMINNYLI MacKay Muni Insured ETF
Seeks current income exempt from federal income tax.
By New York Life Investment Management LLC · Launched 2017
Annual Cost
0.30%
#1,431 of 6,040 · low cost
Fund Size
$478M
#1,696 of 6,040 · large
Return (1Y)
+0.5%
Track Record
8 years
#1,613 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,034+0.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 13.9% of funddiversified
DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS
2.6%
WAYNE COUNTY AIRPORT AUTHORITY (MI)
1.7%
COOK CNTY ILL HIGH SCH DIST NO 205 THORNTON TWP
1.4%
SANGAMON COUNTY SCHOOL DISTRICT N.186 (IL)
1.3%
LOS ANGELES CALIF DEPT WTR & PWR
1.3%
SAN MATEO CALIF
1.2%
COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FL)
1.2%
ALLEGHENY COUNTY AIRPORT AUTHORITY (PA)
1.1%
PASCO CNTY FLA
1.1%
CHICAGO (IL), CITY OF
1.1%
Asset allocation
Bonds
96.9%
Cash
3.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.5%Low
Year-on-year price swings
Max drawdown
-16.9%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.09Below average
Sortino (3Y)
-0.12Moderate downside risk
Bond profile
Duration
5.0 years
Avg maturity
9.9 years
Credit ratings
AAA
4.4%
AA
91.6%
A
2.9%
BBB
1.0%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income exempt from federal income tax.
- Strategy
- Invests primarily in investment-grade Municipal Bonds, typically maintaining a dollar-weighted average duration of 3 to 15 years. The Fund diversifies across at least 10 sectors and 15 states, with no more than 30% in any single state.
- Inception date
- October 18, 2017
- Fund family
- New York Life Investment Management LLC
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Data updated on 2026-09-18