Key stats
About NYLI MacKay Muni Insured ETF
Home page
Inception date
Oct 18, 2017
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US45409F8436
MMIN offers an active management perspective on the US investment-grade municipal bond space. The portfolio includes bonds of varying maturities (dollar-weighted average duration of 3-15 years), issued by at least 15 different states and encompassing at least 10 sectors, with no more than 30% of the securities from a single state. The fund selects bonds covered by an insurance policy, which guarantees principal and interest payments but lowers yield, and debt securities whose interest is exempt from federal Income tax. Investments are based on an assessment of macro factors that could include ESG criteria. An investment strategy is developed to position the fund among various sectors of the municipal bond market in different states. A fundamental, bottom-up credit research analysis is employed to finally select individual bonds. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal96.95%
Cash3.05%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MMIN last dividends amounted to 0.08 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 3.10% decrease.
MMIN assets under management is 340.26 M USD. It's risen 2.11% over the last month.
MMIN fund flows account for −147.89 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MMIN pays dividends to its holders with the dividend yield of 4.04%. The last dividend (Sep 8, 2025) amounted to 0.08 USD. The dividends are paid monthly.
MMIN shares are issued by New York Life Insurance Co. under the brand New York Life Investments. The ETF was launched on Oct 18, 2017, and its management style is Active.
MMIN expense ratio is 0.30% meaning you'd have to pay 0.30% of your investment to help manage the fund.
MMIN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MMIN invests in bonds.
MMIN price has risen by 2.75% over the last month, and its yearly performance shows a −3.47% decrease. See more dynamics on MMIN price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.71% increase in three-month performance and has decreased by −1.94% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.71% increase in three-month performance and has decreased by −1.94% in a year.
MMIN trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.