IQ MacKay California Mncpl Intmdt ETF’s Process Pillar rating is just average, but a strong management team still helps this strategy retain its Morningstar Quantitative Rating of Bronze. The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers. The strategy changed its peer group last December, moving from the Muni California Long category to the Muni California Intermediate Morningstar Category.
Morningstar’s Analysis MMCA
Will MMCA outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
- Current Portfolio Date Mar 20, 2023
- Equity Holdings 0
- Bond Holdings 57
- Other Holdings 1
- % Assets in Top 10 Holdings 28.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%
SAN JOSE CALIF ARPT REV 5%
ONTARIO CALIF INTL ARPT AUTH REV 5%
CALIFORNIA HEALTH FACS FING AUTH REV 5%
MT DIABLO CALIF UNI SCH DIST 4%
TORRANCE CALIF UNI SCH DIST 4.25%
GUAM GOVT BUSINESS PRIVILEGE TAX REV 5%
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.5%
SOUTHERN CALIF PUB PWR AUTH REV 5%
LOS ANGELES CALIF MUN IMPT CORP LEASE REV 5%