NYLI MacKay Muni Intermediate ETF (MMIT): ETF
ETF traded on ARCX under symbol MMIT. Quoted in usd.
NYLI MacKay Muni Intermediate ETF
ARCX:MMIT$23.87+0.34%AUM $1.68BMMIT is actively managed to provide current income, exempt from federal income tax, via investing 80% of its assets in investment-grade municipal bonds. The funds 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. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
Largest holdings
- DREYFUS GOVT CASH MAN INS1.61%
- New York N Y Var 01-feb-20550.90%
- Energy Southeast Ala Coop Dist Energy Supply Rev 5.0% 01-nov-20330.83%
- Kentucky Inc Ky Pub Energy Auth Gas Supply Rev 5.5% 01-dec-20330.81%
- Minnesota Mun Gas Agy Gas Proj Rev 5.0% 01-sep-20350.80%
- Alabama Toll Rd Brdg & Tunl Auth Rev 5.0% 01-oct-20320.79%
- Hudson Yds Infrastructure Corp N Y Second Indenture Rev 5.0% 15-feb-20420.79%
- Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.329% 01-jul-20400.76%
- Pennsylvania Hsg Fin Agy Single Family Mtg Rev 3.0% 01-oct-20510.74%
- Tennessee Energy Acquisition Corp Gas Rev 5.0% 01-dec-20350.69%
30d
1.27M
60d
1.22M
90d
952.37K