MMIT

IQ MacKay Municipal Intermediate ETF
*Unless otherwise stated, data provided by FactSet.

MMIT Fund Description

MMIT is actively managed to provide enhanced total-return potential by investing mainly in investment-grade, AMT-free US municipal bonds with duration between 3-10 years.

MMIT Factset Analytics Insight

MMIT is actively managed to provide current income, exempt from federal income tax, via investing 80% of its assets in investment-grade municipal bonds. The fund’s subadvisor considers macroeconomic factors such as tax rates, treasury rates, regulatory, technical factors, and other global economic data. In addition, certain ESG criteria may also be considered for evaluation. Based on this assessment, the manager employs fundamental analysis among various sectors and states to select individual muni bonds with no single state making up 30% of the total investment. The fund aims to maintain a dollar-weighted average duration of 3 to 10 years. As an actively managed fund, MMIT may make certain investment decisions at its discretion to meet its objectives.

PERFORMANCE [as of 09/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MMIT -0.17% 0.21% 1.38% 3.31% 6.34% -- --
MMIT (NAV) -0.36% 0.12% 1.29% 1.90% 5.48% -- --
No Underlying Index -- -- -- -- -- -- --
Bloomberg Barclays Municipal Intermediate (5-10 Y) -0.21% 0.63% 0.79% 2.09% 4.97% 3.04% 3.32%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MMIT Summary Data

New York Life
IndexIQ
10/18/17
Open-Ended Fund
0.31%
$214.94M
$1.16M
0.08%

MMIT Portfolio Data

4.59
--
1.41%
N/A
385

MMIT Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg Barclays Municipal Intermediate (5-10 Y)

MMIT Portfolio Management

0.31%
--
--
--

MMIT Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

MMIT Fund Structure

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

MMIT Factset Analytics Block Liquidity

As of 09/24/21
5
4
3
2
1

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

MMIT Tradability

43,089
$1.16M
35,307
$949.35K
0.08%
$0.02
0.07%
0.35% / -0.13%
None
100.00%
50,000
0.71
0.02%
--
0
$26.83
N/A

MMIT Sector/Industry Breakdown


MMIT
Segment Benchmark
73.11%
--
23.39%
--
3.50%
--

MMIT Top 10 Holdings[View All]

8.98%
1.62%
1.17%
1.11%
0.94%
0.94%
0.85%
0.83%
0.79%
0.75%
17.97%

MMIT Top 5 Countries


MMIT
Segment Benchmark
100.00%
--

MMIT Top 5 Currencies


MMIT
Segment Benchmark
100.00%
--

MMIT Performance Statistics

0.81
0.95
--
--
--

MMIT Holdings Statistics

5.20 years
4.59
1.41%
4.62
Low
385
0.44%

MMIT Avg Life Maturity Distribution

20.88%
9.51%
8.40%
9.65%
12.97%
31.95%
4.99%
1.37%
0.28%

MMIT OAS Breakdown

95.29%
4.71%
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--
--
--
--
--
--
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