ATLASNYLI MacKay California Muni Intermediate ETF (MMCA): outlook, holdings and fees
NYLI MacKay California Muni Intermediate ETF (MMCA) is an exchange-traded fund and is managed by New York Life Investment Management LLC. The expense ratio is 0.36% and the yield is 3.86%. The ten largest holdings are 46% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on MMCA
| Last price | $21.13 (-0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 69% |
| Likely 1-month range (50%) | $21.08 – $21.42 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 3.86% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
MMCA fund facts
| Issuer | New York Life Investment Management LLC |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $76.8M |
| Expense ratio | 0.36% |
| Number of holdings | 60 |
| Portfolio turnover | 99% |
| Inception | Dec 21, 2021 |
| Exchange | NYSE |
The fund will, under normal circumstances, invest at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes.
MMCA top holdings
| Holding | Sector | Weight |
|---|---|---|
| DREYFUS TAX EXEMPT CASH | – | 12.77% |
| SAN FRANCISCO CIT 4 11/50 | – | 4.53% |
| COACHELLA VLY WTR 5 8/51 | – | 3.92% |
| SACRAMENTO TRANS-C 5 6/33 | – | 3.66% |
| SAN FRANCISCO BAY- 3 8/49 | – | 3.74% |
| PALMDALE SD 3 8/49 | – | 3.68% |
| SAN JOSE ARPT-A-BA 5 3/47 | – | 3.58% |
| CA INFRA& ECON DEV 4 5/46 | – | 3.46% |
| CALIFORNIA ST UNI 3 11/52 | – | 3.39% |
| SAN FRANCISCO PUB 4 11/41 | – | 3.01% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
MMCA returns and risk
| Year to date | -3.5% |
|---|---|
| 1 year | -2.4% |
| 3 years (annualised) | +3.5% |
| 5 years (annualised) | 0.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 5.0% |
| Sharpe ratio (3 years) | -0.25 |
Past returns do not guarantee future results.
MMCA: frequently asked questions
What does MMCA invest in?
NYLI MacKay California Muni Intermediate ETF invests in a portfolio of securities. Its largest holdings are DREYFUS TAX EXEMPT CASH (12.8%), SAN FRANCISCO CIT 4 11/50 (4.5%), COACHELLA VLY WTR 5 8/51 (3.9%), SACRAMENTO TRANS-C 5 6/33 (3.7%), SAN FRANCISCO BAY- 3 8/49 (3.7%).
What is the MMCA expense ratio?
0.36% a year: about $36.00 for every $10,000 invested.
What is the MMCA dividend yield?
3.86%. ATLAS does not hold the exact distribution dates for ETFs.
Will MMCA go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 69%, with a likely range (50%) of $21.08 to $21.42 from $21.13 today. It is a probability, not a prediction.
How has MMCA performed?
Year to date -3.5%, one year -2.4%, three years +3.5% a year, five years 0.0% a year. Past returns do not guarantee future results.
Similar ETFs: Municipal bonds
- State Street Communication Services Select Sector SPDR ETF (XLC)
- VanEck High Yield Muni ETF (HYD)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
- State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)
- PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
- State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)
- Franklin Dynamic Municipal Bond ETF (FLMI)
Educational information, not investment advice. Disclaimer