MMINNYLI MacKay Muni Insured ETF

Get income8y track recordRanked #361 of 1,622 in this goal

Seeks current income exempt from federal income tax.

By New York Life Investment Management LLC · Launched 2017

Annual Cost

0.30%

#1,472 of 5,562 · low cost

Fund Size

$445M

#1,664 of 5,562 · large

Dividend YieldGoal

4.46%

Track Record

8 years

#1,629 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,813+8.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Focus

ESG

What it actually holds

By weight

Concentration

Top 10 holdings = 16.9% of fund✓ well diversified

Dreyfus Government Cash Management

5.2%

WAYNE CNTY MI ARPT AUTH REVENU

2.0%

SANGAMON CNTY IL SCH DIST #186

1.4%

SAN MATEO CALIF SPL TAX

1.3%

PASCO CNTY FL CAPITAL IMPT CIG

1.3%

MADISON CNTY IL CMNTY UNIT SCH

1.2%

TEXAS ST TECH CLG SYS FING SYS

1.2%

S WSTRN IL DEV AUTH REV

1.1%

CHICAGO IL TRANSIT AUTH SALES

1.1%

PASCO CNTY FL SOL WST DISP & R

1.1%

Asset allocation

Bonds

94.5%

Cash

5.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.7%Low

Year-on-year price swings

Max drawdown

-16.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.11Below average

Sortino (3Y)

0.15Moderate downside risk

Bond profile

Duration

4.9 years

Avg maturity

10.1 years

Credit ratings

AAA

5.1%

91.7%

2.1%

BBB

1.2%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks current income exempt from federal income tax.
Strategy: Invests primarily in Municipal Bonds exempt from federal income tax, typically rated investment grade. Maintains a dollar-weighted average duration of 3 to 15 years and diversifies across at least 10 sectors and 15 states. The Subadvisor employs macroeconomic assessments and fundamental credit research to select bonds, considering ESG risks.
Inception date: October 18, 2017
Fund family: New York Life Investment Management LLC