MMD ETF

MMD ETF
$14.97
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Fund Essentials - as of May 31, 2026

Net Assets
$478M
Expense Ratio
2.33%
Dividend Yield (Current)
4.73%
Holdings
93
Inception Date
Jun 27, 2012
Fund Family
New York Life Investments
Investment Style
PRO
Asset Class
PRO
Legal Structure
PRO
Dividend Frequency
Monthly

Performance

YTD+1.56%
1 Year+8.49%
3 Year+2.66%
5 Year-0.82%
10 Year+4.84%

Asset Allocation

Bonds: 99.35%
Cash: 0.65%
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Top Holdings

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TickerNameWeight
CA LOSUTL 5 07/01/20Los Angeles Department Of Water & Power Water System Revenue 5 07/01/20484.93%
-Pennsylvania Economic Dev Fingauth Private Activity Rev4.26%
-Las Vegas Valley Water District 5 2053-06-013.69%
IL STSGEN 5.25 01/01Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Series 2018c3.64%
CO DENSCD 5.5 12/01/Denver City & County School District3.57%
Top 10 Concentration: 37.36%Report Date: May 31, 2026
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Dividend Summary

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Dividend Yield (Current)
4.73%
Frequency
Monthly
Latest Distribution
$0.07
Aug 14, 2026
12M Distributions
12 payments
Total: $0.77

Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This ETF
PRO
Peer Avg
PRO

MMD ETF Overview

MMD ETF (NYLI MacKay DefinedTerm Muni Opportunities Fund) is managed by New York Life Investments with $477.8M in net assets. MMD expense ratio is 2.33%, holding 93 positions across sectors including Financials, Utilities, Industrials. Inception date: 2012-06-27.

MMD performance shows a YTD return of 1.56%. The 1-year return is 8.49% and the 5-year return is -0.82%. MMD dividend yield stands at 4.73%, paid monthly.

MMD top holdings include Los Angeles Department Of Water & Power Water System Revenue 5 07/01/2048 (4.9%), Pennsylvania Economic Dev Fingauth Private Activity Rev (4.3%), Las Vegas Valley Water District 5 2053-06-01 (3.7%), Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Series 2018c (3.6%), Denver City & County School District (3.6%). Go to all MMD holdings, MMD sectors, or MMD dividends.

MMD can be compared against other funds. Use MMD overlap to find shared positions, or MMD vs another fund for a side-by-side view. MMD alternatives are available via the screener, along with tax-loss harvesting opportunities.

1 Month
-1.66%
YTD
+1.56%
1 Year
+8.49%
3 Year
+2.66%

Top 10 Holdings (net long exposure of 151% (≈2x))

#TickerNameSectorWeight
1CA LOSUTL 5 07/01/20Los Angeles Department Of Water & Power Water System Revenue 5 07/01/2048Utilities4.93%
2-Pennsylvania Economic Dev Fingauth Private Activity RevOther4.26%
3-Las Vegas Valley Water District 5 2053-06-01Other3.69%
4IL STSGEN 5.25 01/01Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Series 2018cFinancials3.64%
5CO DENSCD 5.5 12/01/Denver City & County School DistrictFinancials3.57%
6PR PRCGEN 4.33 07/01Puerto Rico Sales Tax Fing Corp Sales Tax RevenueFinancials3.55%
7CA STNPWR 5.25 07/01Southern California Public Power Authority 5.25 07/01/2050Utilities3.46%
8-County Of Lee, Series 2024Other3.43%
9-Miami-Dade Cnty Fla Aviation R 10/01/2055 5.5Other3.42%
10-Ny & Nj Port Aut 5.5 8/52Other3.41%