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ETFs

IQ MacKay Municipal Intermediate ETF

MMIT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 18, 2017
Expense Ratio
0.31%
Type
US Bonds
Fund Owner
Index IQ
Volume (1m avg. daily)
$3,158,511
AUM
$476,843,556
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
PARKER CO 5 2/15/2042
1.41%
n/a
Arizona Indl (12 % Max) Remarketable Bonds 2019-01.02.48 Ref Phoenix Childrens Hosp 2019A Variable Rate
1.31%
n/a
MAIN ST NAT GAS-E-2 FRN 12/1/2053
1.04%
n/a
MIAMI-DADE CO -REV 5 7/1/2043
0.98%
n/a
DELAWARE ST -A 5 5/1/2025
0.90%
n/a
ALAMITO PUB FACS CORP FRN 9/1/2025
0.83%
n/a
ALAMITO PUB FAC CORP FRN 9/1/2025
0.83%
n/a
HICKMAN MILLS C-1 S.D 5.75 3/1/2042
0.76%
n/a
W PALM BEACH UTIL-A 5 10/1/2042
0.75%
n/a
CENTRL PLAINS ENERGY FRN 3/1/2050
0.73%
Invest with MMIT

What is MMIT?

The Fund (MMIT) seeks current income exempt from federal income tax. The Fund seeks to achieve its objective by investing primarily in investment grade municipal bonds and will also seek to enhance total return potential through its subadvisor s active management approach.

ETFs related toMMIT

ETFs correlated to MMIT include SCMB, JMUB, MMIN

MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

News Related to MMIT

Oppenheimer Maintains Perform on Main Street Capital, Lowers Price Target to $53

May 13, 2025 • by Benzinga Newsdesk
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Truist Securities Maintains Hold on Main Street Capital, Lowers Price Target to $54

May 12, 2025 • by Benzinga Newsdesk
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Main Street Says Recently Fully Exited Its Debt Investments And Partially Exited Equity Investment In Nebraska Vet AcquireCo, LLC, dba Heritage Vet Partners, Generating $55.5M Realized Gain

May 12, 2025 • by Benzinga Newsdesk
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Main Street Capital Q1 Adj. EPS $1.07 Beats $1.01 Estimate

May 8, 2025 • by Benzinga Newsdesk
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FAQ

MMIT is a US Bonds ETF. The Fund (MMIT) seeks current income exempt from federal income tax. The Fund seeks to achieve its objective by investing primarily in investment grade municipal bonds and will also seek to enhance total return potential through its subadvisor s active management approach.

Yes, MMIT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MMIT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MMIT is -0.0103%. This is the percent change in the value of MMIT over the most recent 1-month period. The 3-month return on MMIT is -0.0212%. This is the percent change in the value of MMIT over the most recent 3-month period.

The standard deviation of MMIT for the past year is 0.0402%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MMIT include HYMB, SUB, and HYD.

ETFs correlated to MMIT include SCMB, JMUB, and MMIN.

ETFs that are inversely correlated to MMIT include TTT, TBT, and TMV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.