---
ticker: "MMCA"
name: "NYLI MacKay California Muni Intermediate ETF"
url: "https://etf.net/etf/MMCA"
grade: "C"
score: 43
graded_at: "2026-10-12"
category: "Intermediate Municipal Bonds"
category_rank: "17 of 20"
methodology: "https://etf.net/methodology"
---

# MMCA: NYLI MacKay California Muni Intermediate ETF

Grade **C**, Score 43 of 100. Rank 17 of 20 in Intermediate Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 20 of 20 |
| Mission | 97 | 8 of 19 |
| Risk | 43 | 14 of 20 |
| Tradability | 57 | 8 of 20 |
| Holdings | 21 | 20 of 20 |
| Durability | 38 | 16 of 20 |

## Top holdings

The fund holds 109 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Dreyfus Govt Cash Man Ins | 21.70% |
| 2 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev 5.0% 01-nov-2033 | 2.34% |
| 3 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev Var 01-jan-2054 | 2.11% |
| 4 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev Var 01-aug-2055 | 2.09% |
| 5 | — | San Jose Calif Arpt Rev 5.0% 01-mar-2037 | 1.94% |
| 6 | — | Burbank Glendale Pasadena Arpt Auth Calif Arpt Rev 5.0% 01-jul-2033 | 1.90% |
| 7 | — | California St Univ Rev 5.0% 01-nov-2036 | 1.70% |
| 8 | — | California Health Facs Fing Auth Rev Var 15-aug-2065 | 1.67% |
| 9 | — | Los Angeles Calif Dept Arpts Arpt Rev 5.25% 15-may-2038 | 1.65% |
| 10 | — | Central Vy Energy Auth Calif Commodity Supply Rev Var 01-dec-2055 | 1.57% |
| 11 | — | San Jose Calif Multifamily Hsg Rev Var 01-may-2066 | 1.52% |
| 12 | — | Foothill / Eastern Transn Corridor Agy Calif Toll Rd Rev 0.0% 15-jan-2035 | 1.43% |
| 13 | — | Puerto Rico Comwlth 4.0% 01-jul-2037 | 1.43% |
| 14 | — | California Health Facs Fing Auth Rev 5.0% 01-dec-2035 | 1.35% |
| 15 | — | A B C Calif Uni Sch Dist 5.0% 01-aug-2043 | 1.32% |
| 16 | — | California Statewide Cmntys Dev Auth Rev 5.0% 01-mar-2028 | 1.25% |
| 17 | — | California Mun Fin Auth Mun Ctfs Var 20-mar-2048 | 1.22% |
| 18 | — | Los Angeles Calif Uni Sch Dist 5.0% 01-jul-2037 | 1.21% |
| 19 | — | Southwestern Cmnty College Dist Calif 3.0% 01-aug-2041 | 1.21% |
| 20 | — | Gilroy Calif Uni Sch Dist 4.0% 01-aug-2033 | 1.19% |
| 21 | — | California Health Facs Fing Auth Rev 5.0% 15-nov-2036 | 1.11% |
| 22 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev 5.5% 01-dec-2033 | 1.10% |
| 23 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev 5.25% 01-feb-2036 | 1.07% |
| 24 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev Var 01-oct-2054 | 1.07% |
| 25 | — | California Health Facs Fing Auth Rev 5.0% 01-dec-2036 | 1.07% |
| 26 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev Var 01-feb-2055 | 1.06% |
| 27 | — | Los Angeles Calif Dept Arpts Arpt Rev 5.5% 15-may-2056 | 1.04% |
| 28 | — | California Mun Fin Auth Spl Fac Rev 4.0% 15-jul-2029 | 1.02% |
| 29 | — | California Mun Fin Auth Multifamily Hsg Rev Var 01-jan-2056 | 1.02% |
| 30 | — | Matching Fd Spl Purp Securitization Corp Virginis 5.0% 01-oct-2039 | 1.02% |

Source: etf.net, https://etf.net/etf/MMCA. Please cite the page URL.