Key stats
About NYLI MacKay Muni Short Duration ETF
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Inception date
May 6, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Ordinary Income
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
Identifiers
3
ISINUS64953X1000
MMSD focuses on generating income exempt from federal income tax by investing in municipal bonds, typically holding those with an average duration of 1 to 3 years and favoring investment grade ratings. The fund's investment process begins with assessing various macroeconomic factors such as tax and US Treasury rates, alongside ESG considerations, which include environmental, social, and governance risks that could affect bond values. It uses a fundamental, bottom-up approach to select and prioritize securities, aiming to optimize the balance between risk and return. Up to 20% of its assets can be in high-yield bonds, providing additional diversification across sectors and issuers. The fund remains attentive to regulatory changes and market dynamics to maintain a consistent income generation strategy. Through this approach, MMSD seeks to navigate the complexities of the municipal bond market while targeting tax-efficient income.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal93.30%
Cash4.63%
Corporate2.07%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MMSD invests in bonds. The fund's major sectors are Municipal, with 93.30% stocks, and Corporate, with 2.07% of the basket. The assets are mostly located in the N/A region.
MMSD last dividends amounted to 0.02 USD. The year before, the issuer paid 0.08 USD in dividends, which shows a 220.41% decrease.
MMSD assets under management is 57.11 M USD. It's risen 1.08% over the last month.
MMSD fund flows account for 31.76 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MMSD pays dividends to its holders with the dividend yield of 3.31%. The last dividend (Jan 5, 2026) amounted to 0.10 USD. The dividends are paid annually.
MMSD shares are issued by New York Life Insurance Co. under the brand New York Life Investments. The ETF was launched on May 6, 2025, and its management style is Active.
MMSD expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
MMSD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MMSD invests in bonds.
MMSD price has risen by 0.04% over the last month, and its yearly performance shows a 1.45% increase. See more dynamics on MMSD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.48% over the last month, showed a 0.79% increase in three-month performance and has increased by 0.04% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.48% over the last month, showed a 0.79% increase in three-month performance and has increased by 0.04% in a year.
MMSD trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.