- What are the top holdings of MMIT?
- NYLI MacKay Muni Intermediate ETF holds 837 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does MMIT have?
- MMIT holds 837 positions as reported by the fund's most recent disclosure.
- What sectors does MMIT invest in?
- NYLI MacKay Muni Intermediate ETF (MMIT) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is MMIT most exposed to?
- MMIT's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is MMIT a US-only fund?
- The country allocation card on this page shows MMIT's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does MMIT invest in?
- 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.
