Key stats
About IQ MacKay Municipal Intermediate ETF
Expense ratio
0.31%
Home page
Inception date
Oct 18, 2017
ISIN
US45409F8279
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 funds 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.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.32%
Mutual fund0.68%
Cash0.00%