MMSDNYLI MacKay Muni Short Duration ETF
Seeks current income exempt from regular federal income tax.
By New York Life Investment Management LLC · Launched 2025
Annual Cost
0.25%
#1,139 of 5,861 · low cost
Fund Size
$75M
#3,252 of 5,861 · mid-size
Dividend YieldGoal
3.85%
Track Record
1 year
#4,283 of 5,861 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,300+3.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 17.4% of fund✓ well diversified
PINGREE GROVE ILL SPL SVC AREAS NO 2 & 7
2.0%
CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY (CA)
1.9%
PHOENIX CITY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)
1.9%
BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY (OH)
1.7%
NEW YORK CITY HOUSING DEVELOPMENT CORP (NY)
1.6%
NEW YORK STATE ELECTRIC & GAS CORP
1.6%
RESIDENTIAL CARE FACILITIES FOR THE ELDERLY AUTHORITY OF FULTON COUNTY (GA)
1.6%
ATLANTA GA URBAN RESIDENTIAL FIN AUTH
1.6%
PISCATAWAY TWP N J
1.6%
MICHIGAN FIN AUTH
1.6%
Asset allocation
Bonds
91.3%
Cash
8.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.9%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
4.5 years
Avg maturity
10.2 years
Credit ratings
AAA
7.6%
AA
41.1%
A
23.9%
BBB
13.7%
BB
2.6%
Other
11.1%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income exempt from regular federal income tax.
- Strategy
- Invests primarily in municipal debt securities, maintaining a dollar-weighted average duration of 1 to 3 years. Targets investment-grade Municipal Bonds, with up to 20% in high-yield securities, while considering ESG risks in the investment process.
- Inception date
- May 5, 2025
- Fund family
- New York Life Investment Management LLC
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Data updated on 2026-08-04