IQ MacKay Multi-Sector Income ETF

Frequently Asked Questions About MMSB

What does MMSB invest in?

The adviser seeks to achieve the fund's investment objective primarily through a flexible multisector investment process that allocates investments across the global fixed-income markets. The fund, under normal circumstances, invests at least 80% of its assets in a diversified portfolio of debt or debt-related securities. The adviser will generally seek to maintain a portfolio modified duration to worst that does not exceed the duration of the Bloomberg Barclays U.S. Universal Index by more than 1 year.

What is the expense ratio of MMSB?

IQ MacKay Multi-Sector Income ETF (MMSB) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MMSB?

IQ MacKay Multi-Sector Income ETF (MMSB) manages $23.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MMSB actively managed or an index fund?

MMSB is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MMSB's is 0.40%) because there's no security selection cost.

When was MMSB launched?

IQ MacKay Multi-Sector Income ETF (MMSB) launched in July 2022 and is managed by NY Life Investments.

How has MMSB performed?

MMSB's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.