Morningstar

NYLI MacKay Muni Intermediate ETF MMIT

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub

Morningstar’s Analysis MMIT

Will MMIT outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MMIT’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MMIT management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MMIT’s parent organization’s priorities and whether they’re in line with investors’ interests.

IQ MacKay Municipal Intermediate ETF’s Process Pillar rating is Average, but a strong management team still helps this strategy retain its Morningstar Medalist Rating of Bronze.

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Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MMIT

More MMIT Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 3.4%

1.37 10.0 Mil
municipal

ILLINOIS FIN AUTH REV 3.2%

1.00 7.3 Mil
municipal

PARKER CNTY TEX 5%

0.94 6.8 Mil
municipal

BROWNSBURG IND 1999 SCH BLDG CORP 5.5%

0.88 6.4 Mil
municipal

PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.136%

0.85 6.2 Mil
municipal

LOUISIANA HSG CORP MULTIFAMILY HSG REV 5%

0.85 6.2 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%

0.81 5.9 Mil
municipal

Dreyfus Govt Cash Man Ins

0.81 5.9 Mil
Cash and Equivalents

CONNECTICUT ST 5%

0.80 5.8 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.71 5.2 Mil
municipal

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