ETF overview
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.
Fund facts
- Expense ratio
- 0.40%
- Fund assets
- 1.44B USD (all share classes)
- Issuer
- NY Life Investments
- Inception date
- Oct 18, 2017
- Number of holdings
- 924
Breakdown
Holdings (924)
| Name | Ticker | Weight |
|---|---|---|
| New York N Y Var 01-feb-2055 | 0.95% | |
| Energy Southeast Ala Coop Dist Energy Supply Rev 5.0% 01-nov-2033 | 0.85% | |
| Hudson Yds Infrastructure Corp N Y Second Indenture Rev 5.0% 15-feb-2042 | 0.83% | |
| Alabama Toll Rd Brdg & Tunl Auth Rev 5.0% 01-oct-2032 | 0.82% | |
| Minnesota Mun Gas Agy Gas Proj Rev 5.0% 01-sep-2035 | 0.81% | |
| Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.329% 01-jul-2040 | 0.78% | |
| Pennsylvania Hsg Fin Agy Single Family Mtg Rev 3.0% 01-oct-2051 | 0.77% | |
| Los Angeles Calif Dept Wtr & Pwr Rev 5.0% 01-jul-2043 | 0.67% | |
| Tennessee Energy Acquisition Corp Gas Rev 5.0% 01-dec-2035 | 0.59% | |
| Springfield Ill Elec Rev 5.0% 01-mar-2032 | 0.56% | |
| and 911 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.40%
- Fund assets
- 1.44B USD (all share classes)
- Issuer
- NY Life Investments
- Inception date
- Oct 18, 2017
- Number of holdings
- 924
| Name | Ticker | Weight |
|---|---|---|
| New York N Y Var 01-feb-2055 | 0.95% | |
| Energy Southeast Ala Coop Dist Energy Supply Rev 5.0% 01-nov-2033 | 0.85% | |
| Hudson Yds Infrastructure Corp N Y Second Indenture Rev 5.0% 15-feb-2042 | 0.83% | |
| Alabama Toll Rd Brdg & Tunl Auth Rev 5.0% 01-oct-2032 | 0.82% | |
| Minnesota Mun Gas Agy Gas Proj Rev 5.0% 01-sep-2035 | 0.81% | |
| Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.329% 01-jul-2040 | 0.78% | |
| Pennsylvania Hsg Fin Agy Single Family Mtg Rev 3.0% 01-oct-2051 | 0.77% | |
| Los Angeles Calif Dept Wtr & Pwr Rev 5.0% 01-jul-2043 | 0.67% | |
| Tennessee Energy Acquisition Corp Gas Rev 5.0% 01-dec-2035 | 0.59% | |
| Springfield Ill Elec Rev 5.0% 01-mar-2032 | 0.56% | |
| and 911 more | ||
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.
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