NYLI MacKay Muni Short Duration ETFMMSD

NY Life InvestmentsBonds & CashMunicipal#181 of 785 by YTD

$25.10

+0.1% last session

+1.8% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted return from the previous close · S&P 500 uses VOOMMSDS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	+1.9%	+0.2%	+1.8%	+2.5%	—	—	+5.6%
Peer average	0.0%	+2.9%	−0.9%	+0.3%	+0.6%	+14.6%	+2.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $87M
Expense ratio: 0.25%
Distribution yield: 3.6%
NAV: $25.06
Volume: 27K
Avg. volume 30D: 17K
High today: $25.10
Low today: $25.05
Previous close: $25.08
52-week high: $26.10
52-week low: $24.59
Our risk indicator: 2/5

MMSD in One Breath

MMSD Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$499M

#6FTMSFranklin Templeton+1.9%$265M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#9CGSMCapital Group+1.7%$1.7B

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in MMSD

$10,000 in MMSD became

$10,555

In the S&P 500 (VOO)

$13,741

Total return, dividends in · May 6, 2025 – Nov 3, 2026 · S&P 500 uses VOO

MMSD’s Top Holdings

Today

DREYFUS GOVT CDreyfus Govt Cash Man Ins4.9%Connecticut 1.8%Southeast En1.8%Delaware Cnt1.7%New York N Y1.7%Connecticut 1.7%Pingree Grov1.4%Michigan St 1.2%Alabama Toll1.2%Connecticut 1.2%Black Belt E1.2%Black Belt E1.2%Main Str Nat1.2%Indiana Fin 1.2%National Fin1.2%Fulton Cnty 1.1%Michigan Fin1.1%Tempe Ariz I1.1%Walker Cnty 1.1%Arkansas St 1.1%Atlanta Ga D1.1%Main Str Nat1.1%

NY Life Investments MMSD · 160 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What MMSD Holds

Today

All holdings100.0%

DREYFUS GO 4.9 · Connecticu 1.8 · Southeast 1.8 · Delaware C 1.7 · New York N 1.7 · Connecticu 1.7 · Pingree Gr 1.4

NY Life Investments MMSD · share of the fund · as of Nov 3, 2026

Dreyfus’ Share of MMSD

Today

4.9%

$49 of every $1,000 in MMSD is Dreyfus

Dreyfus held by MMSD

$4.2M

NY Life Investments MMSD · each square = $10 of $1,000 · as of Nov 3, 2026

MMSD’s Share of Municipal ETFs

Today

0.0%

of the $244B in 166 Municipal ETFs

MMSD$87.1M0.0%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$140B57.3%

Municipal ETF AUM · Nov 4, 2026

MMSD Fee per $100 vs Peers

Today

$0.25a year
per $100

$25 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

JMUB$0.18

MMSD$0.25

CGMU$0.27

Expense ratio · Municipal peers · Nov 4, 2026

Inside MMSD

160 holdings · as of Nov 3, 2026

MMSD

NYLI MacKay Muni Short Duration ETF

Today

All holdings100.0%Dreyfus Go4.9%Connecticu1.8%Southeast 1.8%146 more holdings76.6% of the fund

All holdings100.0%Dreyfus Go4.9%154 more holdings86.3% of the fund

#	Ticker	Company	Weight ▼
1	—	Dreyfus Govt Cash MAN INS	4.87%
2	—	Connecticut St Health & Edl Facs Auth Rev Var 01-jul-2057	1.84%
3	—	Southeast Energy Auth Coop Dist Ala Energy Supply Rev 5.0% 01-oct-2030	1.79%
4	—	Delaware Cnty Ohio Sales Tax Supported 5.0% 01-dec-2029	1.74%
5	—	New York N Y Var 01-aug-2040	1.72%
6	—	Connecticut St Health & Edl Facs Auth Rev Var 01-jul-2042	1.72%
7	—	Pingree Grove Ill Spl Svc Areas No 2 & 7 Spl Tax 3.5% 01-mar-2031	1.41%
8	—	Michigan St Hsg Dev Auth Single Family Mtg Rev 6.25% 01-jun-2055	1.22%
9	—	Alabama Toll Rd Brdg & Tunl Auth Rev 5.0% 01-oct-2032	1.21%
10	—	Connecticut St 5.0% 15-sep-2031	1.19%

NY Life Investments MMSD · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 30.3%

How It Compares

MMSD

NYLI MacKay Muni Short Duration ETF’s Peers

YTD


MUB	iSharesRead Desk	0.05%	−0.4%	+0.1%	$54.5B
VTEB	VanguardRead Desk	0.03%	−0.3%	+0.1%	$49.6B
SUB	iSharesRead Desk	0.07%	+1.4%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk	0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk	0.27%	+0.5%	+1.1%	$7.5B
MMSD	NY Life InvestmentsThis fundRead Desk	0.25%	+1.8%	+2.5%	$87M

Municipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put MMSD head to head with MUB →

MUB vs MMSD

YTD

MUBiShares · MunicipalMMSDNY Life Investments · Municipal

Year to date

−0.4%

+1.8%

MMSD wins+2.2 pts

Past year

+0.1%

+2.5%

MMSD wins+2.4 pts

Fee

0.05%

0.25%

MUB winslower fee

Yield

3.3%

3.6%

MMSD wins+0.3 pts

AUM

$54.5B

$87.1M

MUB625.8× more

3–1MMSD wins

iShares MUB and NY Life Investments MMSD · year-to-date · as of Nov 4, 2026 · AUM not scored

MMSD vs VOO

YTD

MMSD · NYLI MacKay Muni Short Duration

+1.8%

VOO · S&P 500

+11.5%

Gap

9.7 pts

NY Life Investments MMSD and Vanguard VOO · YTD total return · as of Nov 4, 2026

MMSD vs Its Peer Average

YTD

MMSDAvsBPeer average

1D+0.1%0.0%

1M+1.9%+2.9%

3M+0.2%−0.9%

YTD+1.8%+0.3%

1Y+2.5%+0.6%

3Y[…]+14.6%

5Y[…]+2.5%

4–1MMSD wins

165 Municipal peers · each row scaled to its leader

The Details

MMSD

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y2.23%

Deepest drop · 1Y−2.5%

Lowest point · 5Y−0.2%

52-week range

$25.10

$24.59−3.8% from the high$26.10

NY Life Investments MMSD · past-year price moves · as of Nov 4, 2026

MMSD

Fund Facts

Today

2025launched May 6

Tracks[…]

Exchange · CUSIPAMEX · 64953X100

StructureETF

Leverage1x

Cost on $10,000$25 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

NY Life Investments MMSD · fund facts · as of Nov 4, 2026

MMSD

Payouts by Year

$0.0751per share, Oct 2026

Distribution yield3.6%

PaidEvery month

Latest ex-date · paidOct 30 · Nov 3, 2026

12 payouts added up$0.91 a share

NY Life Investments MMSD · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗summary prospectus · SEC 497K ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$25.06

Premium / discount[…]

Median spread · 30D[…]

Volume today27K

Average volume · 30D17K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.25%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$25.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 30, 2026	Nov 3, 2026	$0.0751
Sep 30, 2026	Oct 2, 2026	$0.0736
Aug 31, 2026	Sep 2, 2026	$0.0727
Jul 31, 2026	Aug 4, 2026	$0.0741
Jun 30, 2026	Jul 2, 2026	$0.0723
May 29, 2026	Jun 2, 2026	$0.0755
Apr 30, 2026	May 4, 2026	$0.0733
Mar 31, 2026	Apr 2, 2026	$0.0781
Feb 27, 2026	Mar 3, 2026	$0.0699
Jan 30, 2026	Feb 3, 2026	$0.0759
Dec 30, 2025	Jan 5, 2026	$0.0989
Dec 1, 2025	Dec 5, 2025	$0.0706

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