MMITNYLI MacKay Muni Intermediate ETF

Get income8y track recordRanked #235 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

$1.5B

#899 of 5,562 · large

Dividend YieldGoal

3.89%

Track Record

8 years

#1,629 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,609+6.1%

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 = 9.6% of fund✓ well diversified

Dreyfus Government Cash Management

1.4%

ANTELOPE VLY-E KERN CA WTR AGY

1.3%

NEW YORK NY

1.2%

PUERTO RICO SALES TAX FING COR

1.2%

PENNSYLVANIA ST HSG FIN AGY SF

1.0%

CHICAGO IL TRANSIT AUTH SALES

0.8%

SPRINGFIELD IL ELEC REVENUE

0.7%

BLACK BELT ENERGY GAS DIST AL

0.7%

CHICAGO IL BRD OF EDU DEDICATE

0.6%

PHOENIX AZ INDL DEV AUTH LEASE

0.6%

Asset allocation

Bonds

97.7%

Cash

2.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.5%Low

Year-on-year price swings

Max drawdown

-12.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.09Below average

Sortino (3Y)

0.12Moderate downside risk

Bond profile

Duration

4.6 years

Avg maturity

10.4 years

Credit ratings

AAA

8.3%

63.7%

17.4%

BBB

7.6%

Other

3.0%

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, maintaining a dollar-weighted average duration of 3 to 10 years. The Fund diversifies across at least 15 states and 10 sectors, avoiding bonds subject to federal alternative minimum tax. The Subadvisor employs macroeconomic assessments and fundamental credit research to select securities, considering ESG risks without excluding any sectors or industries.
Inception date: October 18, 2017
Fund family: New York Life Investment Management LLC