MMSDNYLI MacKay Muni Short Duration ETF

Get income1y track recordRanked #888 of 1,622 in this goal

Seeks current income exempt from regular federal income tax.

By New York Life Investment Management LLC · Launched 2025

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$68M

#3,283 of 5,562 · mid-size

Dividend YieldGoal

3.78%

Track Record

1 year

#4,378 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,451+4.5%

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

What it actually holds

By weight

Concentration

Top 10 holdings = 19.7% of fund✓ well diversified

PMA LEVY & AID ANTIC NTS PROGR

2.6%

PENNSYLVANIA ST TURNPIKE COMMI

2.4%

PINGREE GROVE IL SPL SVC AREAS

2.2%

WESTCHESTER NY TOBACCO ASSET S

2.1%

New York City Housing Developm

1.8%

NATIONAL FIN AUTH NH POLLUTION

1.8%

FULTON CNTY GA RSDL CARE FACS

1.7%

PISCATAWAY TWP NJ

1.7%

ATLANTA GA URBAN RSDL FIN AUTH

1.7%

TEMPE AZ INDL DEV AUTH REVENUE

1.7%

Asset allocation

Bonds

98.1%

Cash

1.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.7%Low

Year-on-year price swings

Max drawdown

-1.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.4 years

Avg maturity

10.1 years

Credit ratings

AAA

8.4%

49.0%

21.0%

BBB

8.1%

2.4%

Other

11.1%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks current income exempt from regular federal income tax.
Strategy: Invests primarily in municipal debt securities, including obligations issued by government entities that pay interest generally excludable from gross income for federal income tax purposes.
Inception date: May 5, 2025
Fund family: New York Life Investment Management LLC