# NYLI MacKay Muni Insured ETF (MMIN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mmin for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: NY Life Investments · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2017-10-18 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 inclu... ## Key Facts | Metric | Value | |---|---| | Price | $23.05 | | Expense Ratio | 0.40% | | Assets Under Management | $464.6M | | NAV | $23.03 | | Holdings Count | 232 | | Distribution Yield (TTM) | 4.17% | | Annual Distribution (TTM) | $0.96 /share | | Distribution Frequency | Monthly | | 52-Week Range | $22.11 – $24.44 | | Beta | 1.15 | ## Latest Distribution - Amount: $0.0792 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-02 ## Frequently Asked Questions ### What does MMIN invest in? 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. ### What is the expense ratio of MMIN? NYLI MacKay Muni Insured ETF (MMIN) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations. ### What is MMIN's dividend yield? MMIN's trailing-twelve-month yield is 4.17%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of MMIN? Effective duration measures MMIN's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MMIN's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of MMIN? MMIN's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of MMIN? Yield to maturity (YTM) is the total return you'd earn from MMIN if every bond in the portfolio is held to maturity at the current price. MMIN's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does MMIN pay a dividend? Yes, NYLI MacKay Muni Insured ETF (MMIN) distributes dividends to shareholders. The trailing-twelve-month yield is 4.17%. Full dividend history is on this page. ### How often does MMIN pay dividends? NYLI MacKay Muni Insured ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is MMIN's next ex-dividend date? The most recently announced ex-dividend date for MMIN was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will MMIN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.40% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MMIN charge its expense ratio? The expense ratio is deducted in tiny daily slices from MMIN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MMIN cost more than a fund like VOO? MMIN is actively managed (current expense ratio 0.40%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MMIN's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MMIN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MMIN (0.40%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mmin - Distribution history: https://www.dividenddata.com/funds/mmin/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mmin/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mmin/expenses - Peer comparison: https://www.dividenddata.com/funds/mmin/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.