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NYLI MacKay Muni Short Duration ETF
MMSD (NYLI MacKay Muni Short Duration ETF) is an index Short Term Fixed Income ETF by NYLI. With a 0.25% MER, it provides diversified exposure.
MMSD by NYLI is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.25% MER makes it one of the most cost-effective options in its category. It does not pay a significant distribution — returns are reinvested for capital growth.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.