MMIN

NYLI MacKay Muni Insured ETF

$23.96

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The NYLI MacKay Muni Insured ETF (MMIN) seeks to provide current income that is generally exempt from federal income taxes by investing primarily in municipal bonds that are covered by insurance.

Overview

ETF tracking NYLI MacKay Muni Insured ETF

Category Municipal Bonds

Issuer Other

Inception Date 2017-10-18

Market Cap $342.6M

Average Volume N/A

Dividend Yield 3.39%

52-Week Range $22.81 - $24.47

VWAP $24.04

Performance

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Investment Summary

📎 Investment Objective

The NYLI MacKay Muni Insured ETF (MMIN) seeks to provide current income that is generally exempt from federal income taxes by investing primarily in municipal bonds that are covered by insurance.

🎯 Investment Strategy

The fund invests in a diversified portfolio of municipal bonds, focusing on insured bonds that are rated investment grade. The portfolio is actively managed, with the goal of generating tax-exempt income while managing risk.

✨ Key Features

Focuses on investment-grade municipal bonds covered by insurance
Actively managed portfolio to optimize risk-adjusted returns
Seeks to provide federal tax-exempt income
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The creditworthiness of the bond issuers or insurers could deteriorate
Liquidity risk: Municipal bonds may be less liquid than other fixed-income securities
Concentration risk: The fund's focus on insured municipal bonds could make it more vulnerable to events affecting that sector

👤 Best For

The NYLI MacKay Muni Insured ETF may be suitable for investors seeking tax-exempt income and relatively low-risk exposure to the municipal bond market. It could be a useful component of a diversified fixed-income portfolio, particularly for investors in higher tax brackets.