ETF overview
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. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
Fund facts
- Expense ratio
- 0.40%
- Fund assets
- 464.56M USD (all share classes)
- Issuer
- NY Life Investments
- Inception date
- Oct 18, 2017
- Number of holdings
- 241
Breakdown
Holdings (241)
| Name | Ticker | Weight |
|---|---|---|
| Wayne Cnty Mich Arpt Auth Rev 5.5% 01-dec-2048 | 1.42% | |
| Temple Tex Tax Increment 5.0% 01-aug-2051 | 1.25% | |
| Pennsylvania Economic Dev Fing Auth Private Activity Rev 5.75% 31-dec-2062 | 1.22% | |
| Summit Cnty Ohio Dev Fin Auth Student Hsg Rev 5.25% 01-jul-2055 | 1.12% | |
| Metropolitan Govt Nashville & Davidson Cnty Tennconvention Ctr Auth Tourism 5.25% 01-dec-2056 | 1.09% | |
| Cook Cnty Ill High Sch Dist No 205 Thornton Twp 5.0% 01-dec-2043 | 1.09% | |
| Sangamon Cnty Ill Sch Dist No 186 Springfield 5.5% 01-jun-2050 | 1.04% | |
| Los Angeles Calif Dept Wtr & Pwr Rev 5.0% 01-jul-2055 | 1.02% | |
| Chicago Ill Wtr Rev 5.25% 01-nov-2061 | 0.99% | |
| San Mateo Calif Spl Tax 5.25% 01-sep-2037 | 0.94% | |
| and 228 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.40%
- Fund assets
- 464.56M USD (all share classes)
- Issuer
- NY Life Investments
- Inception date
- Oct 18, 2017
- Number of holdings
- 241
| Name | Ticker | Weight |
|---|---|---|
| Wayne Cnty Mich Arpt Auth Rev 5.5% 01-dec-2048 | 1.42% | |
| Temple Tex Tax Increment 5.0% 01-aug-2051 | 1.25% | |
| Pennsylvania Economic Dev Fing Auth Private Activity Rev 5.75% 31-dec-2062 | 1.22% | |
| Summit Cnty Ohio Dev Fin Auth Student Hsg Rev 5.25% 01-jul-2055 | 1.12% | |
| Metropolitan Govt Nashville & Davidson Cnty Tennconvention Ctr Auth Tourism 5.25% 01-dec-2056 | 1.09% | |
| Cook Cnty Ill High Sch Dist No 205 Thornton Twp 5.0% 01-dec-2043 | 1.09% | |
| Sangamon Cnty Ill Sch Dist No 186 Springfield 5.5% 01-jun-2050 | 1.04% | |
| Los Angeles Calif Dept Wtr & Pwr Rev 5.0% 01-jul-2055 | 1.02% | |
| Chicago Ill Wtr Rev 5.25% 01-nov-2061 | 0.99% | |
| San Mateo Calif Spl Tax 5.25% 01-sep-2037 | 0.94% | |
| and 228 more | ||
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. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
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