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IQ MacKay Municipal Intermediate ETF MMIT ETF Analysis

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

Morningstar’s Analysis MMIT

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

  • People Pillar

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

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

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Morningstar Manager Research

Summary

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

by Morningstar Manager Research
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