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 21 March 2019
Asset Under Management 43.23 Million (USD)
1 Month Total Return 0.58 %
Year To Date Return 1.86 %
1 Year Total Return 5.59 %
3 Year Annualized Total Return
NAV 25.4293
Share Outstanding 1,700,000
Top 10 Holdings (22 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
NYC TRANSTNL FIN-E1 BOND 0.0265898573
WILL CO SD #114-REF BOND 0.0202680795
STOCKTON FING WTR-A BOND 0.0196028638
US DOLLARS CASH 0.0175526353
NEW BRITAIN-B 5.25 9/1/2030 BOND 0.0167776930
GADSDEN-B-WTS 5 8/1/2028 BOND 0.0165867921
OXNARD CA WTR REVENUE BOND 0.0165039301
MATTESON IL 5 12/1/2029 BOND 0.0163382994
BRIDGEPORT-A 5 11/1/2033 BOND 0.0156379597
HARTFORD AGM REF-A BOND 0.0148851556