MMIT
·NYSE
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Key Stats
Assets Under Management
1.27BUSD
Fund Flows (1Y)
502.93MUSD
Dividend Yield
3.45%
Discount/Premium to NAV
0.05%
Shares Outstanding
52.20M
Expense Ratio
0.30%
About NYLI MacKay Muni Intermediate ETF
Issuer
New York Life Investment Management LLC
Brand
New York Life Investments
Home Page
Inception Date
Oct 18, 2017
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
MMIT is actively managed to provide current income, exempt from federal income tax, via investing 80% of its assets in investment-grade municipal bonds. The fund's subadvisor considers macroeconomic factors such as tax rates, treasury rates, regulatory, technical factors, and other global economic data. In addition, certain ESG criteria may also be considered for evaluation. Based on this assessment, the manager employs fundamental analysis among various sectors and states to select individual muni bonds with no single state making up 30% of the total investment. The fund aims to maintain a dollar-weighted average duration of 3 to 10 years. As an actively managed fund, MMIT may make certain investment decisions at its discretion to meet its objectives.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Intermediate
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.04% | +0.04% | +1.25% | +0.16% | -0.29% | -8.98% |
NAV Total Return | +0.08% | +1.14% | +4.31% | +3.54% | +11.06% | +4.72% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
DREYFUS GOVT CASH MAN INS
3.55%
Antelope Vy-east Kern Calif Wtr Agy Fing Auth Wtr Bk Rev Var 01-apr-2055
1.39%
Pennsylvania Hsg Fin Agy Single Family Mtg Rev 3.0% 01-oct-2051
1.12%
Chicago Ill Tran Auth Sales Tax Rcpts Rev 5.0% 01-dec-2049
0.90%
Springfield Ill Elec Rev 5.0% 01-mar-2032
0.73%
Black Belt Energy Gas Dist Ala Gas Proj Rev Var 01-oct-2052
0.72%
Black Belt Energy Gas Dist Ala Gas Proj Rev 5.0% 01-oct-2035
0.72%
Phoenix Ariz Indl Dev Auth Lease Rev 5.0% 31-oct-2044
0.66%
Kentucky Inc Ky Pub Energy Auth Gas Suplly Rev Var 01-jan-2055
0.63%
Main Str Nat Gas Inc Ga Gas Supply Rev Var 01-may-2055
0.61%
Top 10 Weight 11.03%
773 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-01 | 2025-12-01 | 2025-12-05 | 0.071 |
| 2025-11-03 | 2025-11-03 | 2025-11-07 | 0.074 |
| 2025-10-01 | 2025-10-01 | 2025-10-06 | 0.070 |
| 2025-09-02 | 2025-09-02 | 2025-09-08 | 0.075 |
| 2025-08-01 | 2025-08-01 | 2025-08-06 | 0.073 |
| 2025-07-01 | 2025-07-01 | 2025-07-07 | 0.063 |
| 2025-06-02 | 2025-06-02 | 2025-06-06 | 0.076 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
