Key stats
About NYLI MacKay Muni Intermediate ETF
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Inception date
Oct 18, 2017
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
ISIN
US45409F8279
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal97.95%
Cash1.97%
Securitized0.08%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MMIT invests in bonds. The fund's major sectors are Municipal, with 97.95% stocks, and Securitized, with 0.08% of the basket. The assets are mostly located in the N/A region.
MMIT last dividends amounted to 0.08 USD. The month before, the issuer paid 0.07 USD in dividends, which shows a 3.34% increase.
MMIT assets under management is 1.14 B USD. It's risen 6.31% over the last month.
MMIT fund flows account for 420.17 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MMIT pays dividends to its holders with the dividend yield of 3.54%. The last dividend (Sep 8, 2025) amounted to 0.08 USD. The dividends are paid monthly.
MMIT shares are issued by New York Life Insurance Co. under the brand New York Life Investments. The ETF was launched on Oct 18, 2017, and its management style is Active.
MMIT expense ratio is 0.30% meaning you'd have to pay 0.30% of your investment to help manage the fund.
MMIT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MMIT invests in bonds.
MMIT price has risen by 1.47% over the last month, and its yearly performance shows a −1.22% decrease. See more dynamics on MMIT price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.87% increase in three-month performance and has decreased by −0.35% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.87% increase in three-month performance and has decreased by −0.35% in a year.
MMIT trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.