NYLI MacKay Muni Allocation ETF (MMMA) Bond Profile
MMMA bond portfolio
Fund statistics as of Oct 23, 2026- Yield to maturity
- 16.40% if bonds are held to maturity
- Effective duration
- 12.78 yrs ≈ 12.8% price change per 1% rate move
- Average coupon
- 4.65% interest rate on the bonds
- Average bond price
- 96.45 per 100 of face value
- Current yield
- 4.82% coupon ÷ price
- Net assets
- $58.8M
Interest-rate sensitivity
MMMA has an effective duration of 12.78 years: long-term interest-rate sensitivity. Peer funds are marked below the scale.
Effective duration in years. Short-term funds have a duration under 3 years, long-term funds over 10.
What a rate change would do to MMMA
Estimate for an immediate, parallel move in yields: price change ≈ −duration × rate change; 12-month return adds the 16.40% yield to maturity. Ignores convexity and changes in credit spreads.
Where the MMMA yield comes from
Current yield = average coupon ÷ average price. Pull to par = yield to maturity − current yield. The distribution yield is what was actually paid out over the past 12 months.
MMMA vs other bond ETFs
| ETF | Fund | Duration | Maturity | YTM | Dist. yield | Expense | 1-year return |
|---|---|---|---|---|---|---|---|
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 0.16 | 0.2 | 3.91% | 3.63% | 0.12% | +3.8% |
| SHY | iShares 1-3 Year Treasury Bond ETF | 1.81 | 1.9 | 4.88% | 3.64% | 0.15% | +1.7% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 3.26 | 5.6 | 7.97% | 6.09% | 0.48% | +1.1% |
| VGIT | Vanguard Intermediate-Term Treasury ETF | 4.70 | 5.3 | 5.36% | 4.06% | 0.04% | −1.2% |
| GOVT | iShares U.S. Treasury Bond ETF | 5.20 | 7.4 | 4.87% | 3.67% | 0.05% | −1.1% |
| IUSB | iShares Core Total USD Bond Market ETF | 5.36 | 7.9 | 5.58% | 4.44% | 0.05% | −0.9% |
| BND | Vanguard Total Bond Market ETF | 5.54 | 7.9 | 5.72% | 4.17% | 0.03% | −1.1% |
| SCHZ | Schwab U.S. Aggregate Bond ETF | 5.76 | 8.3 | 5.64% | 4.44% | 0.02% | −1.1% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 5.79 | 7.9 | 5.33% | 4.30% | 0.03% | −1.1% |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | 5.92 | 7.8 | 6.00% | 5.22% | 0.03% | −1.6% |
| TIP | iShares TIPS Bond ETF | 6.00 | 7.3 | 4.86% | 4.80% | 0.18% | −1.0% |
| IEF | iShares 7-10 Year Treasury Bond ETF | 7.06 | 8.7 | 5.08% | 4.18% | 0.14% | −2.8% |
| MUB | iShares National Muni Bond ETF | 7.29 | 12.1 | 4.56% | 3.26% | 0.04% | −0.7% |
| LQD | iShares iBoxx $ Investment Grade Corporate… | 7.79 | 12.8 | 6.48% | 4.68% | 0.14% | −3.5% |
| MMMA | NYLI MacKay Muni Allocation ETF | 12.78 | — | 16.40% | — | — | — |
| TLT | iShares 20+ Year Treasury Bond ETF | 14.12 | 24.8 | 5.65% | 5.00% | 0.14% | −6.7% |
Sorted by duration. Longer duration usually pays a higher yield but swings more with interest rates; corporate and high-yield funds add credit risk.
MMMA asset allocation
- Bonds
- 90.9% long positions
- Cash held
- 6.3%
- Cash owed
- −0.0% short cash positions
- Net cash
- 6.6% held minus owed
Long positions can add up to more than 100% when the fund buys bonds for later settlement; the short cash line offsets them.
About the MMMA bond portfolio
NYLI MacKay Muni Allocation ETF holds a portfolio of bonds. They yield 16.40% to maturity, have an average coupon of 4.65%. With an effective duration of 12.78 years, a one-percentage-point rise in interest rates would lower the fund's price by about 12.8%, and a fall of the same size would raise it by about as much.
Because the bonds trade at an average of 96.45 per 100 of face value, part of the expected return comes from prices drifting back to par as they mature, adding roughly 11.58% a year. The current yield is 4.82%. Over the next 12 months, rates could rise by about 1.28 percentage points before the price drop would cancel out a year of yield.
EODHD does not publish the individual bonds held, so this page uses the fund-level statistics; the full list of bonds is on the issuer's website.
Related: MMMA chart, MMMA dividends, MMMA overview.
MMMA bond profile FAQ
What is the yield to maturity of MMMA?
The bonds in MMMA have an average yield to maturity of 16.40% as of October 23, 2026.
What is the duration of MMMA?
MMMA has an effective duration of 12.78 years, which makes it a long-term bond fund.
How do interest rates affect MMMA?
With a duration of 12.78 years, MMMA's price falls about 12.8% for every one-percentage-point rise in interest rates and rises about as much when rates fall. Higher rates also raise the yield on new bonds the fund buys.
How much can rates rise before MMMA loses money?
Over 12 months, yields could rise about 1.28 percentage points before the price decline would offset the 16.40% yield, assuming a one-time move (yield to maturity ÷ duration).