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NYLI MacKay Muni Intermediate ETF (MMIT)

24.23 +0.02 (+0.06%)
At close: October 25 at 3:59 PM EDT

ETF Summary

The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax ("Municipal Bonds"). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.

ETF Overview

Category Muni National Interm
Fund Family New York Life Investment Management LLC
Net Assets 727.96M
YTD Daily Total Return 1.50%
Yield 3.70%
Legal Type Exchange Traded Fund

ETF Operations

Attributes MMIT Category Average
Annual Report Expense Ratio (net) 0.30% 0.68%
Holdings Turnover 26.00% 39.86%
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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