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Launched · SEC filings

NYLI MacKay Muni Allocation ETF

MMMANYSE ArcaNY Life InvestmentsB

$24.72+0.07 (+0.28%)

As of Nov 2, 2026, 3:42 PM ET

B57/ 100

Rank 33 of 63 in Other Municipal Bond

B57/100Rank 33 of 63inOther Municipal Bond
Intraday session: up, 70 prints from 24.65 to 24.72. Range 24.65 to 24.72. Use the arrow keys to read each point.24.6624.6824.7010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$29M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
75
Avg volume · 30D
19.3K sh
52W range
low $23.63high $25.74
Launched
Filings
SEC EDGAR

The ETF.net MMMA Grade

B

Score 57 out of 100

Category
Other Municipal Bond⁠
Rank
33 of 63
Six-pillar profile for MMMA. Scores out of 100: Cost 35, Risk 68, Mission 96, Tradability 51, Holdings 40, Durability 29. Strongest: Mission (96). Weakest: Durability (29). Leans toward Mission.

Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D35 out of 100
    Rank 37 of 63

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 17 of 59

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 4 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 32 of 63

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 49 of 63

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 52 of 63

Our read on MMMA

ETF.net Research

In short

BA December 2025 debut from MacKay's muni team: mostly long-dated investment-grade munis with room for up to 40% high yield. Active credit picking in a corner of the market most funds index. 0.35% net of a fee waiver.

Stated mandate

The Fund seeks current income that is exempt from regular U.S. federal income tax.

Why people hold it

  • Built long on purpose. Predominantly long-duration investment-grade munis, the slice of the curve where tax-exempt yields are richest, chosen by MacKay's muni desk.nylim.com
  • Credit flexibility is written into the mandate: at least 60% investment-grade munis, with up to 40% available for opportunistic non-investment-grade bonds.nylim.comstreetinsider.com
  • 0.35% net of a fee waiver (0.72% gross) lands near the muni category median, even though a human team is underwriting every bond.
  • Roughly 50 positions, so the team's credit calls actually move the portfolio instead of washing out across thousands of CUSIPs.

Worth knowing

  • Index rivals cost far less: VTEB and SCMB charge 0.03%, MUB 0.05%. Active muni research is the thing you are paying the difference for.
  • Long duration swings both ways. When rates move, prices here move more than a short or intermediate muni fund's.nylim.com
  • Launched December 2025, still small and thinly traded. New-fund disclosures note there is no assurance it reaches an economically viable size.nylim.com

MMMA Performance

Launched Dec 16, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
MMMA$10,186
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. MMMA $10,186. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MMMA. Periods over one year show the average yearly return.
PeriodMMMA
Year to date+1.9%
1 month+4.0%
3 months−0.5%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MMMA
YearReturn barMMMA
2026 YTD+1.9%
2025+0.3%

Since listing, Dec 16, 2025

MMMA in the news

MMMA Dividends

Upcoming payment
$0.07 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.04; Jan 30, 2026 $0.10; Feb 27, 2026 $0.08; Mar 31, 2026 $0.09; Apr 30, 2026 $0.09; May 29, 2026 $0.10; Jun 30, 2026 $0.09; Jul 31, 2026 $0.09; Aug 31, 2026 $0.09; Sep 30, 2026 $0.09; Oct 30, 2026 $0.07. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 3, 2026$0.07
Sep 30, 2026Oct 2, 2026$0.09
Aug 31, 2026Sep 2, 2026$0.09
Jul 31, 2026Aug 4, 2026$0.09
Jun 30, 2026Jul 2, 2026$0.09
May 29, 2026Jun 2, 2026$0.10
Apr 30, 2026May 4, 2026$0.09
Mar 31, 2026Apr 2, 2026$0.09
Feb 27, 2026Mar 3, 2026$0.08
Jan 30, 2026Feb 3, 2026$0.10
Dec 30, 2025Jan 5, 2026$0.04

MMMA Risk

Risk pillarB68 out of 100Rank 4 of 63 in Other Municipal Bond
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.15
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MMMA Cost

Compare MMMA and VTEB

Overpaying vs VTEB, tied cheapest in Other Municipal Bond

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MMMA 0.35%

    $7,126

  • VTEB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • MMMA 0.35%
  • VTEB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530MMMA $7,126VTEB $638

Year by year

YearMMMAVTEBOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488

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