MMINIQ MacKay Shields Municipal Insured ETF(Exchange Traded Fund )
XTF Rating* NR
Price:$26.18 0.22(0.85%)
52 Week:$22.44 - $29.98
Volume: 13,608
Avg Daily Volume: 60,624
Market Cap: $85,668,000 Avg Trade Size: 468 shares
Fund Turnover: 55 days 4/7/2020 8:00:00 PM
Similar ETFs to MMIN: MMIT, HMOP, FLMB, TAXF, NYF

IQ MacKay Shields Municipal Insured ETF is an exchange-traded fund incorporated in the USA. IQ MacKay Shields Municipal Insured ETF is an actively managed exchange-traded fund incorporated in the USA. The Fund seeks current income exempt from federal income tax. The Fund principally invests in investment-grade municipal bonds covered by an insurance policy guaranteeing the payment of principal and interest, and will also seek to enhance total return potential through the subadvisor's active management approach.

Inception Date: 10/18/2017Geography: US  Asset Class: Fixed Income
Primary Exchange: NYSE ArcaInvestment Philosophy: Actively ManagedDebt Issuer: Government Debt
Issuer: IndexIQ AdvisorsBenchmark: Bloomberg Barclays Municipal Insured Bond IndexCredit Grade: Multi-Credit Grades
Index Provider: Actively ManagedIndex Composition: Cap-WeightedMaturity: Various Maturities

Structural Integrity
Investment Metrics
Fund Holdings
Fund Exposure
News Headlines
MMIN Structural Integrity ranks in the 43rd percentile (among all 403 Fixed Income ETFs over past 6 months).
as of 2/28/2020 Value  Rank (%)
Expense Ratio 0.30% 
 45.8%
Average Bid Ask Ratio Premium Content 
 38.3%
Tracking Error Premium Content 
 57.5%
Concentration Risk Premium Content 
 76.4%
Market Impact Premium Content 
 47.6%
Efficiency Premium Content 
 54%
Cap Gains Dist Premium Content 
 6.4%
     
as of 4/6/2020  
Avg Number of Components   (range) 146   (1-187)
Legal Structure Open-End Investment Company 
Annual Yield 2.91%
Last Dividend PaidDate 0.06, 4/1/2020   See Distributions
Options / Futures Available N  /  N 
Short Interest / Days to Cover 24.5% /  13 days
Net Asset Value $85,518,878 
Premium (Discount) 0.17% 
*The XTF Rating for an ETF is based on statistical analysis of its structural integrity and investment metric giving a total range between 0 and 10 with 10 being the best. Read More.





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