MMHI — NYLIM MacKay Muni High Income ETF

Data updated: 2026-09-21

MMHI — NYLIM MacKay Muni High Income ETF. Municipal - National Bond · 0.34% expense ratio. Holdings, fees, performance and SEC filings.

MMHI Fund Overview

MMHI — NYLIM MacKay Muni High Income ETF is a US ETF managed by New York Life Investments Active ETF Trust, categorised as Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

MMHI Investment Objective and Strategy

NYLIM MacKay Muni High Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New York Life Investments Active ETF Trust.

Investment objective

The NYLIM MacKay Muni High Income ETF (the “Fund”) seeks a high level of current income exempt from regular federal income tax.

Principal investment strategy

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 debt securities issued by or on behalf of a government entity or other qualifying entity/issuer that pays interest that is, in the opinion of bond counsel to the issuers, generally excludable from gross income for federal income tax purposes (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax) (“Municipal Bonds”). To the extent that the Fund utilizes derivatives that provide exposure to these investments or to one or more market risk factors associated with these investments, such derivatives will be counted towards the Fund’s 80% investment policy. The Fund may invest in Municipal Bonds in any rating category or in unrated Municipal Bonds.

Although the Fund may invest in Municipal Bonds in any rating category, the Fund typically invests at least 60% of its net assets in medium-to low-quality Municipal Bonds that are rated BBB+ or Baa1 or below by at least one nationally recognized statistical rating organization (“NRSRO”) or if unrated, judged to be of comparable quality by MacKay Shields LLC (“MacKay Shields” or “Subadvisor”). If NRSROs assign different ratings to the same security, the Fund will use the lower rating for purposes of determining the security’s credit quality. Securities rated BB+ or Ba1 or below are commonly referred to as “high yield securities” or “junk bonds”. It is possible that the Fund could invest up to 100% of its net assets in these securities. However, the Fund reserves the right to invest less than 60% of its net assets in securities that are rated BBB+ or Baa1 or below if the Subadvisor determines that there is an insufficient supply of such obligations available that are appropriate for investment or for temporary defensive measures.

The Fund will generally invest in Municipal Bonds that have a maturity of five years

MMHI Costs and Fees

MMHI costs about $34 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.34%
  • Gross expense ratio: 0.69%

MMHI Debt Constituents

No individual debt constituents are reported in NYLIM MacKay Muni High Income ETF's latest SEC N-PORT filing.

MMHI Prospectus and SEC Filings

Official NYLIM MacKay Muni High Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Municipal - National Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.