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NYSEArca - Delayed Quote USD

NYLI MacKay California Muni Intermediate ETF (MMCA)

20.98
+0.13
+(0.61%)
At close: April 9 at 3:39:43 PM EDT

ETF Summary

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes. It generally will maintain a portfolio modified duration to worst of 3 to 8 years. The fund may invest up to 20% of its net assets in municipal bonds subject to the federal alternative minimum tax and municipal bonds that pay interest that is subject to federal and/or California income taxes.

ETF Overview

Category Muni California Intermediate
Fund Family New York Life Investment Management LLC
Net Assets 26.65M
YTD Daily Total Return -1.52%
Yield 3.62%
Legal Type Exchange Traded Fund

ETF Operations

Attributes MMCA Category Average
Annual Report Expense Ratio (net) 0.37% 0.63%
Holdings Turnover 73.00% 50.64%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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