MMCA – IndexIQ Active ETF Trust
IndexIQ Active ETF Trust (MMCA) is a Muni California Intermediate ETF, issued by New York Life Investment Management LLC, $69M in assets, 0.36% expense ratio.
Returns as of Oct 23, 2026: 1 week +1.1%, 1 year +6.4%.
Invests 80% in municipal bonds exempt from federal and California income taxes. Maintains 3-8 year modified duration. Up to 20% in alternative minimum tax bonds.