New York Life Investments Active ETF Trust - NYLI MacKay California Muni Intermediate ETF is an exchange traded fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. The fund invests in fixed income markets of the United States. It invests in fixed income securities of California. It primarily invests in investment grade municipal securities that are rated by at least one nationally recognized statistical rating organization (“NRSRO”). The fund seeks to maintain a dollar-weighted average duration of 3 to 8 years. It employs fundamental analysis with bottom-up securities picking approach to create its portfolio. It seeks to benchmark the performance of its portfolio against the Bloomberg California Intermediate Municipal Bond Index and the Bloomberg Municipal Bond Index. New York Life Investments Active ETF Trust - NYLI MacKay California Muni Intermediate ETF was formed on December 21, 2021 and is domiciled in the United States.