NYLIM MacKay Muni High Income ETF (MMHI)

The NYLIM MacKay Muni High Income ETF is an actively managed fixed income fund from New York Life Investment Management, with MacKay Shields, a New York Life subsidiary and well-known municipal bond manager, overseeing the portfolio. It seeks high current income exempt from federal income tax.

The fund invests in municipal bonds, with significant exposure to below-investment-grade and unrated issues that offer higher yields, alongside investment-grade securities. MacKay's municipal team uses credit research to select bonds across sectors such as health care, transportation, housing and special tax districts.