ATLASNYLI MacKay Muni Intermediate ETF (MMIT): outlook, holdings and fees
NYLI MacKay Muni Intermediate ETF (MMIT) is an exchange-traded fund and is managed by New York Life Investment Management LLC. The expense ratio is 0.29% and the yield is 3.97%. The ten largest holdings are 11% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on MMIT
| Last price | $23.69 (+0.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 69% |
| Likely 1-month range (50%) | $23.64 – $24.02 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 3.97% |
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.
MMIT fund facts
| Issuer | New York Life Investment Management LLC |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $1.5B |
| Expense ratio | 0.29% |
| Number of holdings | 10 |
| Portfolio turnover | 63% |
| Inception | Oct 18, 2017 |
| 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 debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax ("Municipal Bonds").
MMIT top holdings
| Holding | Sector | Weight |
|---|---|---|
| CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5.25% | – | 1.95% |
| Fidelity® Inv MM Fds Treasury Only I | – | 1.15% |
| ILLINOIS FIN AUTH REV 5% | – | 1.09% |
| MISSOURI ST HEALTH & EDL FACS AUTH EDL FACS REV 0.03% | – | 1.00% |
| CONNECTICUT ST SPL TAX OBLIG REV 4% | – | 1.05% |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4% | – | 0.99% |
| BUTLER CNTY PA GEN AUTH REV 0.04% | – | 0.99% |
| ILLINOIS DEV FIN AUTH REV 0.04% | – | 0.98% |
| BEXAR CNTY TEX 5% | – | 0.94% |
| MICHIGAN ST UNIV REVS 0.04% | – | 0.90% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
MMIT returns and risk
| Year to date | -2.7% |
|---|---|
| 1 year | -1.7% |
| 3 years (annualised) | +2.9% |
| 5 years (annualised) | +0.4% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 4.8% |
| Sharpe ratio (3 years) | -0.35 |
Past returns do not guarantee future results.
MMIT: frequently asked questions
What does MMIT invest in?
NYLI MacKay Muni Intermediate ETF invests in a portfolio of securities. Its largest holdings are CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5.25% (1.9%), Fidelity® Inv MM Fds Treasury Only I (1.2%), ILLINOIS FIN AUTH REV 5% (1.1%), MISSOURI ST HEALTH & EDL FACS AUTH EDL FACS REV 0.03% (1.0%), CONNECTICUT ST SPL TAX OBLIG REV 4% (1.1%).
What is the MMIT expense ratio?
0.29% a year: about $29.00 for every $10,000 invested.
What is the MMIT dividend yield?
3.97%. ATLAS does not hold the exact distribution dates for ETFs.
Will MMIT 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 $23.64 to $24.02 from $23.69 today. It is a probability, not a prediction.
How has MMIT performed?
Year to date -2.7%, one year -1.7%, three years +2.9% a year, five years +0.4% 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