What is MMIN?

MMIN is an actively managed US municipal bond fund for insured, investment-grade securities of varying maturities.

PERFORMANCE [as of 03/24/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MMIN 2.61% 2.26% 2.98% -2.33% 2.35% 1.88% --
MMIN (NAV) 2.35% -0.14% 2.80% -6.44% -2.17% 1.87% --
No Underlying Index -- -- -- -- -- -- --
ICE BofA US Municipal Securities Index 2.11% 2.24% 2.56% -0.82% 2.28% 1.98% 2.40%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MMIN Factset Analytics Insight

MMIN offers an active management perspective on the US investment-grade municipal bond space. The portfolio includes bonds of varying maturities (dollar-weighted average duration of 3-15 years), issued by at least 15 different states and encompassing at least 10 sectors, with no more than 30% of the securities from a single state. The fund selects bonds covered by an insurance policy, which guarantees principal and interest payments but lowers yield, and debt securities whose interest is exempt from federal Income tax. Investments are based on an assessment of macro factors that could include ESG criteria. An investment strategy is developed to position the fund among various sectors of the municipal bond market in different states. A fundamental, bottom-up credit research analysis is employed to finally select individual bonds.

MMIN Summary Data

New York Life
10/18/17
0.30%
$362.10M
No Underlying Index
ICE BofA US Municipal Securities Index
Open-Ended Fund

Peers

ICE BofA US Municipal Securities Index

Fund Flows

+$0.00B 5 Days
+$0.00B 30 Days
+$0.01B 90 Days

MMIN Portfolio Data

7.61
--
4.27%
N/A
--

MMIN Index Data

No Underlying Index
Proprietary
Proprietary
ICE BofA US Municipal Securities Index

MMIN Portfolio Management

0.30%
--
--
--

MMIN Tax Exposures

20.00% / 39.60%
0.01%
Ordinary income
No

MMIN Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/27/23

This measurement shows how easy it is to trade a $1 million USD block of MMIN. MMIN is rated a N/A out of 5.

MMIN Tradability

88,646
$2.15M
69,943
$1.68M
0.10%
$0.02
-0.00%
0.54% / -0.40%
None
100.00%
50,000
1.40
0.02%
--
0
$24.32
N/A

MMIN Sector/Industry Breakdown

MMIN Segment
Benchmark
75.00% --
16.95% --
5.19% --
1.06% --
1.02% --
0.77% --

MMIN Top 10 Holdings

1.38%
1.35%
1.33%
1.30%
1.28%
1.27%
1.27%
1.20%
1.18%
1.14%
12.71%

MMIN Performance Statistics

--
--
--
--
--

MMIN Top 5 Countries

MMIN Segment
Benchmark
100.00% --

MMIN Top 5 Currencies

MMIN Segment
Benchmark
100.00% --

MMIN Avg Life Maturity Distribution

5.52%
5.03%
3.69%
7.97%
6.52%
2.25%
7.83%
30.30%
30.89%

MMIN OAS Breakdown

88.32%
11.54%
0.13%
--
--
--
--
--
--
--
--

MMIN Holdings Statistics

14.70 years
7.61
4.27%
7.74
--
--
0.63%