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IQ MacKay California Mncpl Intmdt ETF MMCA

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

Morningstar’s Analysis MMCA

Will MMCA 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 MMCA’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MMCA 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 MMCA’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MMCA

More MMCA Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 40.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dreyfus Tax Exempt Cash

5.82 1.4 Mil
Cash and Equivalents

GUAM GOVT BUSINESS PRIVILEGE TAX REV 5%

5.41 1.3 Mil
municipal

VICTORVILLE CALIF ELEC REV 5%

4.50 1.1 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.5%

4.46 1.1 Mil
municipal

GUAM PWR AUTH REV 5%

4.22 1.0 Mil
municipal

MODESTO CALIF IRR DIST FING AUTH ELEC SYS REV 5%

4.17 1.0 Mil
municipal

LOS ANGELES CALIF DEPT ARPTS ARPT REV 5%

4.13 1.0 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

4.06 996,310
municipal

COMPTON CALIF UNI SCH DIST 5%

3.27 801,905
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 4.01583%

3.06 749,987
municipal