Key stats
About NYLI MacKay California Muni Intermediate ETF
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Inception date
Dec 21, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
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.
ISIN
US45409F7776
MMCA invests in investment-grade municipal bonds of different maturities that are exempt from federal and California income taxes. The fund maintains a modified duration to worst of three to eight years that is computed using the nearest call date or maturity, whichever comes first. The subadvisor analyzes the credit quality of issuers and considers yields available. Bonds believed to be mispriced are identified to build consistent yield advantage. Volatility is reduced through an investment process that includes fundamental, bottom-up credit research, and risk management. The funds investment process involves a risk analysis and numerous ESG factors. Munis subject to AMT and junk bonds are both capped at 20%. The fund may invest in municipal bonds by other states with similar characteristics, if supply in California is insufficient. MMCA is actively managed. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
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
Cash
Bonds, Cash & Other100.00%
Municipal67.11%
Cash32.51%
Securitized0.39%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MMCA invests in bonds. The fund's major sectors are Municipal, with 67.11% stocks, and Securitized, with 0.39% of the basket. The assets are mostly located in the N/A region.
MMCA last dividends amounted to 0.06 USD. The month before, the issuer paid 0.06 USD in dividends, which shows a 0.21% decrease.
MMCA assets under management is 59.87 M USD. It's risen 77.31% over the last month.
MMCA fund flows account for 34.58 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, MMCA pays dividends to its holders with the dividend yield of 3.42%. The last dividend (Oct 6, 2025) amounted to 0.06 USD. The dividends are paid monthly.
MMCA shares are issued by New York Life Insurance Co. under the brand New York Life Investments. The ETF was launched on Dec 21, 2021, and its management style is Active.
MMCA expense ratio is 0.36% meaning you'd have to pay 0.36% of your investment to help manage the fund.
MMCA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MMCA invests in bonds.
MMCA price has fallen by −0.05% over the last month, and its yearly performance shows a 0.71% increase. See more dynamics on MMCA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.27% over the last month, showed a 3.96% increase in three-month performance and has increased by 3.02% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.27% over the last month, showed a 3.96% increase in three-month performance and has increased by 3.02% in a year.
MMCA trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.