MMD ETF

$15.01

Fund Essentials - as of Feb 28, 2026

Net Assets
$478M
Expense Ratio
2.33%
Dividend Yield (Current)
4.59%
Holdings
90
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+3.27%
1 Year+9.21%
3 Year+3.31%
5 Year-0.30%
10 Year+5.07%

Asset Allocation

Bonds: 99.90%
Cash: 0.10%

Price Chart (6M)

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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 07/01/20484.89%
-Pennsylvania Economic Dev Fingauth Private Activity Rev4.22%
-Las Vegas Valley Water District 5 2053-06-013.68%
IL STSGEN 5.25 01/01Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Series 2018c3.60%
CO DENSCD 5.5 12/01/Denver City & County School District3.56%
Top 10 Concentration: 37.21%Report Date: Feb 28, 2026
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Dividend Summary

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Dividend Yield (Current)
4.59%
Frequency
Monthly
Latest Distribution
$0.07
Jul 15, 2026
12M Distributions
12 payments
Total: $0.77

Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This ETF
PRO
Peer Avg
PRO
See how MMD ranks against its peers
Category rank, peer-average returns and outperformance, updated daily.
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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 90 positions across sectors including Other, Financials, Utilities. Inception date: 2012-06-27.

MMD performance shows a YTD return of 3.27%. The 1-year return is 9.21% and the 5-year return is -0.30%. MMD dividend yield stands at 4.59%, 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 (4.2%), 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%). View all MMD holdings, sector breakdown, or dividend history.

MMD can be compared against other funds using the overlap calculator or side-by-side comparison tool. MMD alternatives are available via the screener, along with tax-loss harvesting opportunities.

1 Month
+1.15%
YTD
+3.27%
1 Year
+9.21%
3 Year
+3.31%

Top 10 Holdings (net long exposure of 148%)

#TickerNameSectorWeight
1CA LOSUTL 5 07/01/20Los Angeles Department Of Water & Power Water System Revenue 5 07/01/2048Utilities4.89%
2-Pennsylvania Economic Dev Fingauth Private Activity RevOther4.22%
3-Las Vegas Valley Water District 5 2053-06-01Other3.68%
4IL STSGEN 5.25 01/01Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Series 2018cFinancials3.60%
5CO DENSCD 5.5 12/01/Denver City & County School DistrictFinancials3.56%
6PR PRCGEN 4.33 07/01Puerto Rico Sales Tax Fing Corp Sales Tax RevenueFinancials3.52%
7-County Of Lee, Series 2024Other3.45%
8CA STNPWR 5.25 07/01Southern California Public Power Authority 5.25 07/01/2050Utilities3.45%
9-National Fin Re 6.89% 4/1/2034Other3.44%
10-Ny & Nj Port Aut 5.5 8/52Other3.40%