MMIT Stock, NYLI MacKay Muni Intermediate ETF Information

The investment seeks current income exempt from federal income tax. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead it uses an active management strategy to meet its investment objective. The fund under normal circumstances invests at least 80% of its assets net assets plus borrowings for investment purposes in debt securities whose interest is in the opinion of bond counsel for the issuer at the time of issuance exempt from federal income tax Municipal Bonds. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective.