MMIT

Fund Description
The Fund (MMIT) seeks current income exempt from federal income tax. The Fund seeks to achieve its objective by investing primarily in investment grade municipal bonds and will also seek to enhance total return potential through its subadvisor s active management approach.
Fund Profile
Fund Name IQ MacKay Shields Municipal Intermediate ETF
Fund Exchange Ticker MMIT
Fund Sponsor Index IQ
Fund ISIN US45409F8279
Net Expense Ratio 0.31 %
Fund Inception Date 18 October 2017
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Intermediate (3-10) years
Bond Currency Denomination USD
Key Statistics
Return As of Date 28 June 2022
Asset Under Management 263.27 Million (USD)
1 Month Total Return -1.91 %
Year To Date Return -8.78 %
1 Year Total Return -8.90 %
3 Year Annualized Total Return -0.02 %
NAV 24.1533
Share Outstanding 10,900,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
PR ELEC REF-SER PP BOND 9.704117265807582e-05
KELSEYVILLE USD-C BOND 8.952403967475708e-05
WESTMINSTER SD-CABS-B BOND 6.653039834417739e-05
DREYFUS TAX EXEMPT CASH MMKT 0.04312413659277493
SOUTHEAST ENERGY AUTH BOND 0.014014866705174892
CENTRAL PLAINS ENERGY BOND 0.01276398698010234
BLOOMINGTON WTRWKS BOND 0.011184250100967982
KING CNTY-A-REF FRN 1/1/2040 BOND 0.011158662862274982
ATLANTA ARPT REV-C BOND 0.011000627372849889
SW HGR EDU AUTH-A BOND 0.010518911251629145