NYLI MacKay Muni Intermediate ETFNYLI MacKay Muni Intermediate ETFNYLI MacKay Muni Intermediate ETF

NYLI MacKay Muni Intermediate ETF

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Key stats


Assets under management (AUM)
‪748.31 M‬USD
Fund flows (1Y)
‪125.26 M‬USD
Dividend yield (indicated)
3.80%
Discount/Premium to NAV
0.06%

About NYLI MacKay Muni Intermediate ETF


Issuer
New York Life Insurance Co.
Brand
New York Life Investments
Expense ratio
0.30%
Inception date
Oct 18, 2017
Index tracked
No Underlying Index
Management style
Active
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 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.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Investment grade
Niche
Intermediate
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of December 10, 2024
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal98.68%
Cash1.32%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows