MMIN
IQ MacKay Municipal Insured ETF
Bloomberg Municipal All Insured TR USD
NAV as of
4 Week: 23.69 - 24.31
52 Week: 22.57 - 25.63
Latest Closing Price
24.31
Premium / Discount
0.09
Expense Ratio
0.3%
Investment Objective
The investment seeks current income exempt from federal income tax. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective. 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 | 2.36 | 0.36 | 6.55 |
| 1 Day | 0.25 | 0.00 | 0.00 |
| 1 Week | 0.14 | 1.05 | 0.14 |
| 1 Month | 2.31 | 1.75 | 1.33 |
| 3 Months | 1.33 | 2.83 | 0.47 |
| 6 Months | 4.49 | 4.44 | 1.01 |
| 1 Year | -5.35 | 6.03 | -0.89 |
| 2 Years | -10.76 | 6.48 | -1.66 |
| 3 Years | 0.03 | 10.59 | 0.00 |
| 5 Years | -2.03 | 18.05 | -0.11 |
| 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: 268
Number of Bond Holdings: 265
Number of Equity Holdings: 0
Total Market Value: 359,680,073
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
265
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 8.78 |
| Average Effective Maturity (Years)* | 16.19 |
| Average Credit Quality | 5.00 |
| Average Weighted Coupon* | 4.80 |
| Average Weighted Price* | 103.40 |
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 | 0.29 |
| AA | 89.46 |
| A | 7.18 |
| BBB | 3.07 |
| BB | 0.00 |
| B | 0.00 |
| Below B | 0.00 |
| Not Rated | 0.00 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 5.22 |
| 3 to 5 Years | 4.89 |
| 5 to 7 Years | 4.93 |
| 7 to 10 Years | 3.30 |
| 10 to 15 Years | 11.91 |
| 15 to 20 Years | 30.03 |
| 20 to 30 Years | 34.15 |
| Over 30 Years | 1.64 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.00 |
| 183 to 364 Days | 2.47 |
Data Source: Morningstar
© 2019 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein:
(2) may not be copied or redistributed except as specifically authorised;
(3) do not constitute investment advice;
(4) are provided solely for informational purposes;
(5) are not warranted to be complete, accurate or timely; and
(6) may be drawn from fund data published on various dates.
Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
For the most up-to-date fund’s data and information, a copy of the fund factsheet, information or prospectus may be obtained from the respective ETF issuer.
