# NYLIM MacKay Muni High Income ETF (MMHI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mmhi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: NY Life Investments · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2026-10-01 NYLIM MacKay Muni High Income ETF is an actively managed exchange-traded fund that seeks a high level of current income exempt from regular federal income tax. The fund primarily invests in municipal securities issued by states, municipalities, and related governmental entities, with an emphasis on higher-yielding municipal obligations. The ETF is listed on NYSE Arca under the ticker MMHI. ## Key Facts | Metric | Value | |---|---| | Price | $25.94 | | Expense Ratio | 0.40% | | Assets Under Management | $42.6M | | NAV | $25.83 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $24.91 – $25.95 | | Beta | 0.00 | ## Frequently Asked Questions ### What does MMHI invest in? NYLIM MacKay Muni High Income ETF is an actively managed exchange-traded fund that seeks a high level of current income exempt from regular federal income tax. The fund primarily invests in municipal securities issued by states, municipalities, and related governmental entities, with an emphasis on higher-yielding municipal obligations. The ETF is listed on NYSE Arca under the ticker MMHI. ### What is the expense ratio of MMHI? NYLIM MacKay Muni High Income ETF (MMHI) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of MMHI? Effective duration measures MMHI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MMHI's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of MMHI? MMHI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of MMHI? Yield to maturity (YTM) is the total return you'd earn from MMHI if every bond in the portfolio is held to maturity at the current price. MMHI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### How big is MMHI? NYLIM MacKay Muni High Income ETF (MMHI) manages $42.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does MMHI pay a dividend? NYLIM MacKay Muni High Income ETF (MMHI) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MMHI pay dividends? NYLIM MacKay Muni High Income ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MMHI's dividend yield? MMHI's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is MMHI's next ex-dividend date? MMHI hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will MMHI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.40% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MMHI charge its expense ratio? The expense ratio is deducted in tiny daily slices from MMHI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MMHI cost more than a fund like VOO? MMHI is actively managed (current expense ratio 0.40%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MMHI's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MMHI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MMHI (0.40%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mmhi - Distribution history: https://www.dividenddata.com/funds/mmhi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mmhi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mmhi/expenses - Peer comparison: https://www.dividenddata.com/funds/mmhi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.