Skip to Content
Morningstar

IQ MacKay Municipal Intermediate ETF MMIT

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.

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

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MMIT

More MMIT Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 516
  • Other Holdings 7
  • % Assets in Top 10 Holdings 8.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dreyfus Tax Exempt Cash

3.66
22,469,949
Cash and Equivalents

PARKER CNTY TEX 5%

1.12
6,847,975
municipal

BROWNSBURG IND 1999 SCH BLDG CORP 5.5%

1.04
6,366,851
municipal

ARIZONA INDL DEV AUTH HOSP REV 2.1%

1.03
6,300,000
municipal

PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 5.471%

0.99
6,046,749
municipal

CONNECTICUT ST 5%

0.95
5,855,751
municipal

CHICAGO ILL MULTI-FAMILY HSG REV 5%

0.83
5,107,945
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5.311%

0.82
5,034,403
municipal

MIAMI-DADE CNTY FLA TRAN SYS SALES SURTAX REV 5%

0.80
4,893,510
municipal

COATESVILLE PA AREA SCH DIST 5.25%

0.71
4,358,666
municipal