MMMANYLI MacKay Muni Allocation ETF

Get incomeRanked #1,616 of 1,628 in this goal

Seeks current income exempt from regular federal income tax.

Annual Cost

—

#5,573 of 5,573 · expensive

Fund Size

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#5,573 of 5,573 · small

Dividend YieldGoal

—

Track Record

—

#5,573 of 5,573 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,340+3.4%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

What it actually holds

By weight

Concentration

Top 10 holdings = 43.6% of fundmoderately concentrated

CHICAGO IL BRD OF EDU DEDICATE

5.0%

NATOMAS CA UNIF SCH DIST

4.9%

SOUTH CAROLINA ST PUBLIC SVC A

4.5%

LOS ANGELES CA DEPT OF WTR & P

4.3%

MAIN STREET ENERGY INC ENERGY

4.3%

NRTHRN CA ENERGY AUTH COMMODIT

4.3%

CHICAGO IL O'HARE INTERNATIONA

4.2%

ILLINOIS ST TOLL HIGHWAY AUTH

4.1%

Dreyfus Government Cash Management

4.0%

ARIZONA ST INDL DEV AUTH NATIO

4.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

N/A

Max drawdown

-2.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange: NYSE Arca, NYSE American

Full fund details

Objective: Seeks current income exempt from regular federal income tax.
Strategy: Invests primarily in municipal debt securities, including those rated investment grade or higher, with up to 40% in high yield. Typically targets bonds with maturities of five years or longer. The Fund may also invest in taxable municipal debt and use derivatives for enhanced returns or hedging.