NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) Alternatives
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MMD. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to MMD
MMD charges 0.03% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among MMD alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | Jun 26, 1992 | MMD vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | MMD vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | Dec 3, 1993 | MMD vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | Sep 18, 1992 | MMD vs NIM | |
| Nuveen California Municipal Value Fund | 0.03% | Oct 7, 1987 | MMD vs NCA |
Best Risk-Adjusted Alternatives to MMD
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | MMD vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | MMD vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | MMD vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | MMD vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | MMD vs USMTX |
Top Performing MMD Alternatives (YTD)
MMD alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 10.44% | Jan 12, 1993 | MMD vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 7.10% | — | MMD vs RMI | |
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | MMD vs NMI | |
| Nuveen California Municipal Value Fund | 5.80% | Oct 7, 1987 | MMD vs NCA | |
| Nuveen Minnesota Quality Municipal Income Fund | 5.76% | Jun 25, 1993 | MMD vs NMS |
Lowest Volatility Alternatives to MMD
MMD alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | MMD vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | MMD vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | MMD vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | MMD vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | MMD vs BATVX |
Lowest Drawdown Alternatives to MMD
MMD alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | MMD vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | MMD vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | MMD vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | MMD vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | MMD vs FHMIX |
Often Compared With MMD
What investors most often compare with MMD, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Nuveen California Quality Municipal Income Fund | Municipal Bonds | 71 | 0.49% | Dec 1, 1998 | MMD vs NAC | |
| Baird Strategic Municipal Bond Fund Institutional ... | Municipal Bonds | 81 | -0.21% | — | MMD vs BSNIX | |
| Nuveen Arizona Quality Municipal Income Fund | Municipal Bonds | 25 | 2.58% | Nov 19, 1992 | MMD vs NAZ | |
| RiverNorth Flexible Municipal Income Fund II Inc. | Municipal Bonds | 8 | 1.79% | — | MMD vs RFMZ | |
| RiverNorth Managed Duration Municipal Income Fund ... | Municipal Bonds | 13 | 3.01% | — | MMD vs RMMZ | |
| Western Asset Municipal High Income Fund Inc | Municipal Bonds | 5 | 2.39% | Nov 28, 1988 | MMD vs MHF | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 8 | 4.12% | Mar 18, 1993 | MMD vs NPV |
Compare MMD with Any Fund or Stock
Compare MMD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.