MMIT : IQ MacKay Municipal Intermediate ETF

MMIT is a Bond Market Municipal Bond with LOW fees.

MMIT

IQ MacKay Municipal Intermediate ETF

FI Score

53 /100

Expense Ratio Rating

9 /10

Expense Rating

7 /10

Market Score

1 /10

Category Score

8 /10

Market Size

1 /10

53% FI Score
  • mmit
  • ETF
  • Bond
  • Municipal Bond

IQ MacKay Municipal Intermediate 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 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).

Largest Holdings

Amount Holding
1.75% NEW JERSEY ST TPK AUTH TPK REV 0.96%
1.62% WILL CNTY ILL SCH DIST NO 114 MANHATTAN 3.5%
1.40% NEW BRITAIN CONN 5.25%
1.36% ILLINOIS ST 5%
1.36% PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV 5%
1.33% NEW HAMPSHIRE ST BUSINESS FIN AUTH WTR FAC REV 4%
1.31% OXNARD CALIF WTR REV 5%
1.29% PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 5%
1.26% COOK CNTY ILL TWP HIGH SCH DIST NO 220 BURBANK 5%
1.25% BRIDGEPORT CONN 5%

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