MMIT
IQ MacKay Municipal Intermediate ETF
NAV as of
4 Week: 23.61 - 24.34
52 Week: 23.25 - 24.75
Latest Closing Price
24.34
Premium / Discount
0.15
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 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"). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 0.87 | 0.24 | 3.62 |
| 1 Day | 0.04 | 0.00 | 0.00 |
| 1 Week | 0.54 | 0.45 | 1.21 |
| 1 Month | 3.05 | 0.94 | 3.25 |
| 3 Months | 1.67 | 2.18 | 0.77 |
| 6 Months | 0.54 | 2.67 | 0.20 |
| 1 Year | -0.04 | 3.71 | -0.01 |
| 2 Years | -8.98 | 5.64 | -1.59 |
| 3 Years | -8.63 | 5.95 | -1.45 |
| 5 Years | -2.17 | 10.79 | -0.20 |
| 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 | 2.0600 | 7.9780 | 5.8728 | 1.6982 | -7.4482 |
| 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 | 15.0000 | 11.0000 | 39.0000 | 33.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| N.A | ||
Portfolio Data
Total Number of Holdings: 501
Number of Bond Holdings: 493
Number of Equity Holdings: 0
Total Market Value: 605,958,292
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | NEW JERSEY ST TPK AUTH TPK REV 1.95% | 2.2021 | 1,000,000 | 0 | 1,007,330 |
| 2 | WILL CNTY ILL SCH DIST NO 114 MANHATTAN 3.5% | 1.9457 | 840,000 | 0 | 890,022 |
| 3 | NORTH LAS VEGAS NEV 5% | 1.9093 | 800,000 | 0 | 873,384 |
| 4 | ILLINOIS ST 5% | 1.8510 | 750,000 | 0 | 846,698 |
| 5 | NEW BRITAIN CONN 5.25% | 1.6369 | 600,000 | 0 | 748,776 |
| 6 | OXNARD CALIF WTR REV 5% | 1.6299 | 600,000 | 0 | 745,560 |
| 7 | PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV 5% | 1.6166 | 620,000 | 0 | 739,474 |
| 8 | BRIDGEPORT CONN 5% | 1.5489 | 600,000 | 0 | 708,522 |
| 9 | PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 5% | 1.5175 | 550,000 | 0 | 694,182 |
| 10 | ARIZONA INDL DEV AUTH NATL CHARTER SCH REVOLVING L | 1.4753 | 550,000 | 0 | 674,872 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 0.00 |
| Large | 0.00 |
| Medium | 0.00 |
| Small | 3.25 |
| Micro | 0.00 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
7.6947
Price/Book*
1.0827
Price/Sales*
2.0786
Price/Cash Flow*
3.2912
Dividend Yield*
0.9470
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
-1.7920
Sales Growth
15.1219
Cash-Flow Growth
0.0000
Book-Value Growth
19.5075
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
493
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 5.77 |
| Average Effective Maturity (Years)* | 11.01 |
| Average Credit Quality | 5.00 |
| Average Weighted Coupon* | 4.74 |
| Average Weighted Price* | 103.01 |
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 | 20.64 |
| AA | 60.83 |
| A | 12.94 |
| BBB | 5.16 |
| BB | 0.00 |
| B | 0.00 |
| Below B | 0.00 |
| Not Rated | 0.43 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 9.96 |
| 3 to 5 Years | 5.47 |
| 5 to 7 Years | 5.33 |
| 7 to 10 Years | 6.10 |
| 10 to 15 Years | 23.17 |
| 15 to 20 Years | 27.53 |
| 20 to 30 Years | 11.60 |
| Over 30 Years | 2.65 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.56 |
| 183 to 364 Days | 0.61 |
Data Source: Morningstar
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