NYLIM MacKay's Muni High-Income ETF Launches at 0.34% and Undercuts Its Rival

September 24, 2026 brought two new ETFs to market, and NYLIM MacKay's muni high-income fund priced its net expense ratio at 0.34%, nearly three times cheaper than Logan Capital's international equity offering launched the same day.

For fixed-income investors, cost efficiency inside a tax-exempt wrapper is a meaningful advantage. Municipal bond income is already attractive on an after-tax basis for investors in higher brackets, and a low expense ratio preserves more of that yield than most competing products can offer.

The muni ETF space has grown increasingly crowded as issuers chase demand for tax-advantaged income, and this fund enters a market where fee competition is already fierce. Launching at 0.34% positions NYLIM MacKay as a cost-conscious option.

Logan Capital's fund enters the international equity category at a far higher cost, and that price depends on the active management or niche exposure it delivers. Investors have both launches to weigh before committing capital to either.