NYLI MacKay Muni Short Duration ETF
MMSD
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 51 Madison Avenue New York City United States of America 10010
- IPO Date
- May 6, 2025
- CIK
- 0001836050
- Website
- newyorklifeinvestments.com
- Similar Companies
- Business
- NYLI MacKay Muni Short Duration ETF (MMSD) is an actively managed exchange-traded fund that seeks to provide current income exempt from regular federal income tax by primarily investing in short-term investment grade municipal bonds with a target duration of 1-3 years; it opportunistically allocates up to 20% of its assets to non-investment grade municipal securities to capitalize on market inefficiencies through deep credit and market analysis. The fund employs a relative value strategy supported by robust credit underwriting, thorough research, and long-standing dealer relationships, focusing on sectors such as local government, IDR/PCR, housing, hospitals, and education, with top state exposures including Texas, New York, and California. Launched on May 6, 2025, and managed by the MacKay Municipal Managers team at MacKay Shields LLC—led by Scott Sprauer, John Lawlor, Sanjit Gill, and Vineeth Krishnakumar—MMSD trades on NYSE Arca and is part of New York Life Investments' suite of active muni-focused ETFs, including NYLI MacKay Muni Insured ETF (MMIN), NYLI MacKay Muni Intermediate ETF (MMIT), and NYLI MacKay California Muni Intermediate ETF (MMCA); the ETF is headquartered in New York, N.Y., under New York Life Insurance Company. As of September 30, 2025, the fund holds 76 securities with total net assets of $29.31 million, a modified duration to worst of 2.84 years, effective maturity of 4.27 years, and a 30-day SEC yield of 3.07% (tax-equivalent 5.19%). Recent developments include the expansion of New York Life Investments' active ETF lineup with the launch of the NYLI MacKay Muni Allocation ETF (MMMA) on December 16, 2025, which complements MMSD by offering long-duration investment grade municipals with high-yield allocations, reflecting ongoing strategic growth in municipal bond strategies.