Symbols

MMIT

NYLI MacKay Muni Intermediate ETF·ARCA

--(--)

Key Stats

Assets Under Management

1.29BUSD

Fund Flows (1Y)

502.93MUSD

Dividend Yield

3.44%

Discount/Premium to NAV

0.11%

Shares Outstanding

52.80M

Expense Ratio

0.30%

About NYLI MacKay Muni Intermediate ETF

Issuer

New York Life Investment Management LLC

Brand

New York Life Investments

Home Page

https://www.newyorklifeinvestments.com/etf/iq-mackay-municipal-intermediate-etf-mmit?ticker=MMIT

Inception Date

Oct 18, 2017

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

New York Life Investment Management LLC

Distributor

ALPS Distributors, Inc.

MMIT is actively managed to provide current income, exempt from federal income tax, via investing 80% of its assets in investment-grade municipal bonds. The fund's subadvisor considers macroeconomic factors such as tax rates, treasury rates, regulatory, technical factors, and other global economic data. In addition, certain ESG criteria may also be considered for evaluation. Based on this assessment, the manager employs fundamental analysis among various sectors and states to select individual muni bonds with no single state making up 30% of the total investment. The fund aims to maintain a dollar-weighted average duration of 3 to 10 years. As an actively managed fund, MMIT may make certain investment decisions at its discretion to meet its objectives.