NYLI MacKay Muni Short Duration ETF

Frequently Asked Questions About MMSD

What does MMSD invest in?

The NYLI MacKay Muni Short Duration ETF (MMSD) is designed to provide investors with an ongoing revenue stream, characterized by its exemption from ordinary federal income taxation.

What is the expense ratio of MMSD?

NYLI MacKay Muni Short Duration ETF (MMSD) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is MMSD's dividend yield?

MMSD's trailing-twelve-month yield is 3.56%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MMSD?

Effective duration measures MMSD's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MMSD's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MMSD?

MMSD'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 MMSD?

Yield to maturity (YTM) is the total return you'd earn from MMSD if every bond in the portfolio is held to maturity at the current price. MMSD'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.