---
ticker: "MMSD"
name: "NYLI MacKay Muni Short Duration ETF"
url: "https://etf.net/etf/MMSD"
grade: "B"
score: 56
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "20 of 28"
methodology: "https://etf.net/methodology"
---

# MMSD: NYLI MacKay Muni Short Duration ETF

Grade **B**, Score 56 of 100. Rank 20 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 43 | 14 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 51 | 12 of 27 |
| Tradability | 30 | 21 of 28 |
| Holdings | 51 | 18 of 28 |
| Durability | 21 | 25 of 28 |

## Top holdings

The fund holds 157 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Dreyfus Govt Cash Man Ins | 2.27% |
| 2 | — | Connecticut St Health & Edl Facs Auth Rev Var 01-jul-2057 | 1.94% |
| 3 | — | Southeast Energy Auth Coop Dist Ala Energy Supply Rev 5.0% 01-oct-2030 | 1.85% |
| 4 | — | Atlanta Ga Arpt Rev 5.0% 01-jul-2029 | 1.82% |
| 5 | — | Delaware Cnty Ohio Sales Tax Supported 5.0% 01-dec-2029 | 1.81% |
| 6 | — | Chicago Ill O Hare Intl Arpt Rev 5.0% 01-jan-2028 | 1.62% |
| 7 | — | Pingree Grove Ill Spl Svc Areas No 2 & 7 Spl Tax 3.5% 01-mar-2031 | 1.46% |
| 8 | — | Michigan St Hsg Dev Auth Single Family Mtg Rev 6.25% 01-jun-2055 | 1.28% |
| 9 | — | Colorado Health Facs Auth Rev 5.0% 15-nov-2029 | 1.26% |
| 10 | — | Alabama Toll Rd Brdg & Tunl Auth Rev 5.0% 01-oct-2032 | 1.24% |
| 11 | — | Black Belt Energy Gas Dist Ala Gas Proj Rev 5.0% 01-jun-2031 | 1.24% |
| 12 | — | Main Str Nat Gas Inc Ga Gas Supply Rev Var 01-may-2054 | 1.23% |
| 13 | — | Pennsylvania Economic Dev Fing Auth Private Activity Rev 5.0% 30-jun-2027 | 1.22% |
| 14 | — | Michigan Fin Auth Rev Var 01-dec-2039 | 1.21% |
| 15 | — | Fulton Cnty Ga Residential Care Facs Elderly Auth Retirement Fac Rev 5.0% 01-jul-2031 | 1.21% |
| 16 | — | Indiana Fin Auth Midwestern Disaster Relief Rev 4.25% 01-nov-2030 | 1.21% |
| 17 | — | National Fin Auth N H Pollution Ctl Rev 4.0% 01-dec-2028 | 1.20% |
| 18 | — | Tempe Ariz Indl Dev Auth Rev 3.5% 01-dec-2030 | 1.18% |
| 19 | — | Atlanta Ga Dev Auth Student Hsg Rev 8.125% 01-jul-2030 | 1.16% |
| 20 | — | Arkansas St Dev Fin Auth Environmental Impt Rev Var 01-sep-2046 | 1.14% |
| 21 | — | New Hope Cultural Ed Facs Fin Corp Tex Retirement Fac Rev 5.0% 01-jan-2030 | 1.11% |
| 22 | — | Main Str Energy Inc Ga Energy Proj Rev 5.0% 01-dec-2033 | 1.10% |
| 23 | — | Puerto Rico Sales Tax Fing Corp Sales Tax Rev 0.0% 01-jul-2029 | 1.08% |
| 24 | — | Arlington Tex Higher Ed Fin Corp Ed Rev 5.0% 15-aug-2031 | 1.07% |
| 25 | — | Black Belt Energy Gas Dist Ala Gas Proj Rev 5.0% 01-nov-2027 | 1.04% |
| 26 | — | Harris Cnty Tex Mun Util Dist No 490 6.5% 01-mar-2028 | 0.99% |
| 27 | — | Monroe Cnty Ga Dev Auth Pollution Ctl Rev Var 01-jul-2049 | 0.98% |
| 28 | — | Delaware St Hsg Auth Rev 5.75% 01-jan-2057 | 0.96% |
| 29 | — | California Cmnty Choice Fing Auth Clean Energy Proj Rev 5.0% 01-nov-2033 | 0.93% |
| 30 | — | Alabama St Port Auth Docks Facs Rev 5.0% 01-oct-2027 | 0.92% |

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