MMIN
IQ MacKay Municipal Insured ETF
NAV as of
4 Week: 22.83 - 23.58
52 Week: 22.57 - 24.70
Latest Closing Price
22.85
Premium / Discount
0.01
Expense Ratio
0.31%
Investment Objective
The investment seeks current income exempt from federal income tax. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in: (i) debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal Income tax ("Municipal Bonds"); and (ii) debt securities covered by an insurance policy guaranteeing the payment of principal and interest.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | -3.79 | 0.33 | -11.64 |
| 1 Day | 0.11 | 0.00 | 0.00 |
| 1 Week | -1.72 | 1.02 | -1.69 |
| 1 Month | -3.34 | 1.64 | -2.04 |
| 3 Months | -5.52 | 2.55 | -2.16 |
| 6 Months | -5.98 | 3.46 | -1.73 |
| 1 Year | -0.31 | 5.60 | -0.05 |
| 2 Years | -16.77 | 7.26 | -2.31 |
| 3 Years | -16.15 | 7.57 | -2.13 |
| 5 Years | -7.53 | 13.97 | -0.54 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 1.6972 | 8.0575 | 7.4466 | 1.7071 | -11.0971 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 6.0000 | 14.0000 | 2.0000 | 39.0000 | 47.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| N.A | ||
Portfolio Data
Total Number of Holdings: 301
Number of Bond Holdings: 300
Number of Equity Holdings: 0
Total Market Value: 396,138,174
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | JEFFERSON DAVIS PARISH LA SCH DIST NO 2 4% | 2.4543 | 1,665,000 | 0 | 1,911,037 |
| 2 | COOK CNTY ILL SCH DIST NO 111 STICKNEY 5% | 1.7636 | 1,165,000 | 0 | 1,373,232 |
| 3 | OYSTER BAY N Y 3% | 1.6186 | 1,190,000 | 0 | 1,260,270 |
| 4 | PIMA CNTY ARIZ UN SCH DIST NO 20 VAIL 4% | 1.6141 | 1,235,000 | 0 | 1,256,822 |
| 5 | METROPOLITAN TRANSN AUTH N Y REV 4% | 1.4268 | 1,000,000 | 0 | 1,110,970 |
| 6 | WARRIOR RIVER ALA WTR AUTH WTR REV 4% | 1.4257 | 1,000,000 | 0 | 1,110,060 |
| 7 | DETROIT MICH SEW DISP REV 5.5% | 1.4206 | 1,000,000 | 0 | 1,106,160 |
| 8 | NAPA VY CALIF UNI SCH DIST 4% | 1.4099 | 1,000,000 | 0 | 1,097,780 |
| 9 | NORTH DAKOTA ST BRD HIGHER ED HSG & AUXILIARY FACS | 1.3247 | 855,000 | 0 | 1,031,412 |
| 10 | SUSANVILLE CALIF NAT GAS REV 4% | 1.2581 | 875,000 | 0 | 979,606 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| N.A | |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
0.0000
Price/Sales*
0.0000
Price/Cash Flow*
0.0000
Dividend Yield*
0.0000
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
0.0000
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
300
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 8.44 |
| Average Effective Maturity (Years)* | 15.74 |
| Average Credit Quality | 4.00 |
| Average Weighted Coupon* | 4.79 |
| Average Weighted Price* | 97.23 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 5.32 |
| AA | 85.68 |
| A | 7.31 |
| BBB | 1.68 |
| BB | 0.00 |
| B | 0.00 |
| Below B | 0.00 |
| Not Rated | 0.01 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 7.69 |
| 3 to 5 Years | 4.92 |
| 5 to 7 Years | 4.47 |
| 7 to 10 Years | 4.64 |
| 10 to 15 Years | 10.88 |
| 15 to 20 Years | 29.67 |
| 20 to 30 Years | 32.94 |
| Over 30 Years | 0.89 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 1.01 |
| 183 to 364 Days | 0.86 |
Data Source: Morningstar
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