# NYLIM MacKay Muni Allocation ETF (MMMA) — Overview

MMMA · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/mmma

## Price

Last close $24.25 on Oct 15, 2026. 52-week range $23.69 – $25.74.

## Fund profile

MMMA seeks to generate high tax-exempt income by investing primarily in investment-grade municipal bonds while opportunistically allocating to non-IG securities through disciplined, research-driven relative-value analysis.

| Metric | Value |
| --- | --- |
| Issuer | New York Life Investment Management LLC |
| Industry | — |
| Inception | Dec 16, 2025 |
| Assets under management | $52.8M |
| Expense ratio | 0.35% |
| Net asset value | $23.99 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is NYLIM MacKay Muni Allocation ETF (MMMA)?

MMMA seeks to generate high tax-exempt income by investing primarily in investment-grade municipal bonds while opportunistically allocating to non-IG securities through disciplined, research-driven relative-value analysis.

### What is MMMA's expense ratio?

NYLIM MacKay Muni Allocation ETF charges an annual expense ratio of 0.35%. The fund is issued by New York Life Investment Management LLC.

### How large is MMMA?

NYLIM MacKay Muni Allocation ETF manages $52.8M in assets and has traded since Dec 16, 2025.

### How do I buy shares of NYLIM MacKay Muni Allocation ETF (MMMA)?

MMMA trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).