MMIN – NYLIM MacKay Muni Insured ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income exempt from federal income tax. The fund will, under normal circumstances, invest at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in: (i) debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (“Municipal Bonds”); and (ii) debt securities covered by an insurance policy guaranteeing the payment of principal and interest.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MMIN	NYLIM MacKay Muni Insured ETF	ETF	Open			Oct 18, 2017	$476.25M	0.300%	—	—	$143.31M

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