MMCA

NYLI MacKay California Muni Intermediate ETF

$21.81

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The NYLI MacKay California Muni Intermediate ETF seeks to provide current income exempt from federal and California state income taxes by investing primarily in investment-grade municipal bonds from the state of California.

Overview

ETF tracking NYLI MacKay California Muni Intermediate ETF

Category Municipal Bonds

Issuer Other

Inception Date 2021-12-21

Market Cap $34.9M

Average Volume N/A

Dividend Yield 2.86%

52-Week Range $20.81 - $21.89

VWAP $21.86

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a diversified portfolio of California municipal bonds with intermediate-term maturities, typically 3-10 years. The portfolio is actively managed to take advantage of changes in interest rates and municipal bond market conditions.

✨ Key Features

Focuses on investment-grade California municipal bonds
Intermediate-term maturity profile to balance income and interest rate risk
Actively managed to optimize the portfolio for current market conditions
Aims to provide federal and state tax-exempt income

⚠️ Primary Risks

Interest rate risk as bond prices decline when rates rise
Credit risk if municipal issuers experience financial difficulties
Concentration risk as the fund is limited to California municipal bonds
Liquidity risk for less actively traded municipal securities

👤 Best For

This ETF may be suitable for California-based investors seeking tax-exempt income and moderate interest rate risk. It could be a component of a diversified fixed income allocation, particularly for investors in higher tax brackets.