MMIT

Fund Description
The Fund (MMIT) seeks current income exempt from federal income tax. The Fund seeks to achieve its objective by investing primarily in investment grade municipal bonds and will also seek to enhance total return potential through its subadvisor s active management approach.
Fund Profile
Fund Name IQ MacKay Shields Municipal Intermediate ETF
Fund Exchange Ticker MMIT
Fund Sponsor Index IQ
Fund ISIN US45409F8279
Net Expense Ratio 0.31 %
Fund Inception Date 18 October 2017
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Intermediate (3-10) years
Bond Currency Denomination USD
Key Statistics
Return As of Date 14 June 2019
Asset Under Management 42.76 Million (USD)
1 Month Total Return 0.71 %
Year To Date Return 4.74 %
1 Year Total Return 7.85 %
3 Year Annualized Total Return
NAV 25.9131
Share Outstanding 1,650,000
Top 10 Holdings (14 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
FIDELITY INV TRSRY ONLY-I FSIXX MUTU 0.0356829540
NYC TRANSTNL FIN-E1 BOND 0.0274895076
NJ TPK AUTH-D1-LIBOR BOND 0.0235290933
ESCAMBIA SLDWST-GULF BOND 0.0210473741
WILL CO SD #114-REF BOND 0.0207511674
ILLINOIS ST 5 11/1/2029 BOND 0.0200986637
BEREA EDL VAR-B-BEREA BOND 0.0187087769
PORT NEW ORLEANS-B BOND 0.0184001078
NEW BRITAIN-B 5.25 9/1/2030 BOND 0.0173960756
OXNARD CA WTR REVENUE BOND 0.0172392025