NYLIM MacKay's Muni High-Income ETF Launches at 0.34% and Undercuts Its Rival
As seen on the 24/7 Wall St. homepage on September 24, 2026.
- LCIVLogan Capital International ETFequity0.99%
- MMHINYLIM MacKay Muni High Income ETFfixed-income0.34%
NYLIM MacKay's new high-income muni fund undercuts today's other launch by a wide margin at 0.34% net, versus 0.99% for Logan Capital's international equity ETF. Cheap tax-exempt yield keeps drawing issuers into an already crowded muni shelf.
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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.
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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.
Mentioned: LCLG, RVRB, MMIN, MMIT, MMCA, CPLB, IWLG, IWFG, IQHI, IQRA, SECR, MMHI, LCIV