NYLI MacKay Muni Short Duration ETF (MMSD)

NYLI MacKay Muni Short Duration ETF (MMSD) is an exchange-traded fund in the Muni National Short category. It has $75.34M in assets, an expense ratio of 0.25% and a 3.85% dividend yield. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in municipal debt securities, which include debt obligations issued by or on behalf of a government entity or other qualifying entity/issuer that pays interest that is, in the opinion of bond counsel to the issuers, generally excludable from gross income for federal income tax purposes.