MMIN : IQ MacKay Municipal Insured ETF

MMIN is a Bond Market Municipal Bond with LOW fees.

MMIN

IQ MacKay Municipal Insured ETF

FI Score

57 /100

Expense Ratio Rating

9 /10

Expense Rating

7 /10

Market Score

2 /10

Category Score

8 /10

Market Size

2 /10

57% FI Score
  • mmin
  • ETF
  • Bond
  • Municipal Bond

IQ MacKay Municipal Insured ETF

Expenses: 0.31% (Better than 1% of similar funds)

This is an OK choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

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.

Largest Holdings

Amount Holding
1.67% PHENIX CITY ALA BRD ED SCH TAX WTS 4%
1.40% COOK CNTY ILL SCH DIST NO 111 STICKNEY 5%
1.23% SANGAMON CNTY ILL SCH DIST NO 186 SPRINGFIELD 5%
1.22% NORTHERN ILL UNIV REVS 4%
1.20% OYSTER BAY N Y 3%
1.20% PROVIDENCE R I PUB BLDGS AUTH REV 4%
1.12% LA SALLE & BUREAU CNTYS ILL TWP HIGH SCH DIST NO 120 LA SALLE 4%
1.12% MIAMI FLA PKG SYS REV 4%
1.11% SALES TAX SECURITIZATION CORP ILL 5%
1.11% WESTERN ILL UNIV REVS 4%

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