---
ticker: "MMMA"
name: "NYLI MacKay Muni Allocation ETF"
url: "https://etf.net/etf/MMMA"
grade: "C"
score: 51
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "49 of 63"
methodology: "https://etf.net/methodology"
---

# MMMA: NYLI MacKay Muni Allocation ETF

Grade **C**, Score 51 of 100. Rank 49 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 26 | 44 of 63 |
| Mission | 97 | 11 of 59 |
| Risk | 70 | 3 of 63 |
| Tradability | 39 | 44 of 63 |
| Holdings | 20 | 61 of 63 |
| Durability | 29 | 51 of 63 |

## Top holdings

The fund holds 57 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | CASH | Cash | 27.50% |
| 2 | — | Chicago Transit 5.5 12/56 | 4.38% |
| 3 | — | Nj Hsg & Mtge-A-Ref 3.75 | 3.93% |
| 4 | — | Sales Tax Securitiza 4.0 | 3.45% |
| 5 | — | Ny St Mtge Agy #250 4.65 | 2.77% |
| 6 | — | Will Etc Cos #210-B 4.0 1 | 2.72% |
| 7 | — | Alabama Toll Rd Brdg & Tunl Auth Rev 5.0% 01-oct-2032 | 2.49% |
| 8 | — | Natomas Uni Sch Dist Calif 0.05% 01-aug-2028 | 2.40% |
| 9 | — | N Broward Hosp-B 5.0 1/48 | 2.39% |
| 10 | — | South Carolina St Pub Svc Auth Rev 5.0% 01-dec-2046 | 2.08% |
| 11 | — | Los Angeles Calif Dept Arpts Arpt Rev 5.25% 15-may-2037 | 2.07% |
| 12 | — | Illinois St Toll Hwy Auth Toll Highway Rev 5.0% 01-jan-2037 | 2.03% |
| 13 | — | Chicago Ill Brd Ed Dedicated Cap Impt 6.0% 01-apr-2046 | 1.95% |
| 14 | — | Chicago Ill O Hare Intl Arpt Rev 5.5% 01-jan-2047 | 1.94% |
| 15 | — | Arizona Indl Dev Auth Natl Charter Sch Revolvingln Fd Rev 5.25% 01-nov-2053 | 1.85% |
| 16 | — | Denver Colo City & Cnty Hsg Auth Multifamily Hsgrev 5.0% 01-dec-2045 | 1.83% |
| 17 | — | National Fin Auth N H Mun Ctfs Var 20-nov-2042 | 1.73% |
| 18 | — | Metropolitan Transn Auth N Y Rev 3.5% 15-nov-2041 | 1.65% |
| 19 | — | New York N Y City Transitional Fin Auth Rev 5.0% 01-nov-2040 | 1.50% |
| 20 | — | Metropolitan Pier & Exposition Auth Ill Rev 4.0% 15-jun-2052 | 1.49% |
| 21 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev 5.0% 01-mar-2036 | 1.44% |
| 22 | — | Summit Cnty Ohio Dev Fin Auth Student Hsg Rev 5.25% 01-jul-2055 | 1.39% |
| 23 | — | Puerto Rico Sales Tax Fing Corp Sales Tax Rev 0.0% 01-jul-2046 | 1.33% |
| 24 | — | Aquarion Wtr Auth Conn Wtr Sys Rev 0.0% 01-aug-2050 | 1.32% |
| 25 | — | Utah Cnty Utah Hosp Rev 4.0% 15-may-2043 | 1.30% |
| 26 | — | Chicago Ill Brd Ed 0.0% 01-dec-2027 | 1.26% |
| 27 | — | Metropolitan Nashville Arpt Auth Tenn Arpt Rev 5.0% 01-jul-2040 | 1.26% |
| 28 | — | Wyandotte Cnty Kans City Kans Uni Govt Util Sysrev 5.0% 01-sep-2044 | 1.07% |
| 29 | — | Deschutes Cnty Ore Hosp Facs Auth Hosp Rev 5.75% 01-jan-2056 | 0.99% |
| 30 | — | Utah Co Hosp Rev-A 4 5/45 | 0.96% |

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