NYLI MacKay California Muni Intermediate ETF (MMCA)
ARCA ARCA Primary Summary
MMCA Chart
NYLI MacKay California Muni Intermediate ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Dominic Corabi Wedmont Private Capital | 11,448 | $248,994 | $246,990.6 | -$2,003.4 | -0.8% |
 Scott K Sprinkle Sprinkle Financial Consultants LLC | 14,198 | $309,360 | $306,179.87 | -$3,180.13 | -1.03% |
NYLI MacKay California Muni Intermediate ETF (MMCA) FAQ
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NYLI MacKay California Muni Intermediate ETF Profile
| ARCA Exchange | US Country |
Overview
The provided information pertains to a fund that specializes in investing in municipal bonds. Its investment strategy is primarily focused on bonds that offer tax-free income at the federal and California state levels, aiming to deliver favorable tax-efficient returns to its investors. Engaging a significant portion of its assets in these municipal bonds, the fund operates under a policy to invest at least 80% of its assets in such securities. It takes a calculated approach to duration management, aiming to maintain a portfolio 'modified duration to worst' between 3 to 8 years, which helps in balancing the portfolio's sensitivity to interest rate changes. Additionally, the fund retains the flexibility to invest a portion of its assets in bonds that may be subject to federal alternative minimum tax or that generate interest income taxed at federal and/or California state levels.
Products and Services
- Municipal Bonds Exempt from Federal and California Income Taxes
This product focuses on municipal bonds specifically selected for their tax-exempt status, under the counsel's advice at the time of issuance. These investments are designed to provide investors with income that is not subject to federal and California state income taxes, aiming to offer an efficient income stream for tax-conscious investors.
- Portfolio Modified Duration Management
The service involves managing the fund’s portfolio to maintain a modified duration to worst between 3 to 8 years. This strategic duration management aims to optimize the portfolio’s sensitivity to interest rates, thus seeking to mitigate risks associated with interest rate fluctuations while aiming to capture potential gains.
- Investments Subject to Federal Alternative Minimum Tax and Municipal Bonds with Taxable Interest
Up to 20% of the fund's net assets may be invested in municipal bonds that are either subject to the federal alternative minimum tax or that generate interest income taxable at federal and/or California state levels. This allows for diversification of the portfolio and the potential for higher yields, acknowledging the increased tax liability for certain investors.
