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ETFs

IQ MacKay Municipal Insured ETF

MMIN
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 18 2017
Expense Ratio
0.30%
Type
US Bonds
Fund Owner
Index IQ
Volume (1m avg. daily)
$1,651,347
AUM
$401,681,780
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
SACRAMENTO FING-CAB-A 0 12/1/2023
1.22%
n/a
SAN MATEO-REF-REV 5.25 9/1/2037
1.17%
n/a
HEBER LIGHT & PWR CO 5 12/15/2047
1.13%
n/a
ALBERTVILLE-D 5 6/1/2048
1.11%
n/a
TEXAS ST TECH CLG SYS 5.5 8/1/2042
1.07%
n/a
CHICAGO IL TRNST-BAM 4 12/1/2050
1.03%
n/a
MET TRANSP AUTH-D-1 5 11/15/2033
1.02%
n/a
WILL CO SCH DIST #114 5.5 1/1/2045
1.00%
n/a
JOLIET 5.5 12/15/2044
1.00%
n/a
Arizona Indl (12 % Max) Remarketable Bonds 2019-01.02.48 Ref Phoenix Childrens Hosp 2019A Variable Rate
1.00%
Invest with MMIN

What is MMIN?

The IQ MacKay Shields Municipal Insured ETF (MMIN) seeks current income exempt from federal income tax. The Fund principally invests in investment-grade municipal bonds covered by an insurance policy guaranteeing the payment of principal and interest, and will also seek to enhance total return potential through the subadvisor s active management approach.

ETFs related toMMIN

ETFs correlated to MMIN include SCMB, JMUB, MMIT

MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt 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
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
JMHI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal 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.

FAQ

MMIN is a US Bonds ETF. The IQ MacKay Shields Municipal Insured ETF (MMIN) seeks current income exempt from federal income tax. The Fund principally invests in investment-grade municipal bonds covered by an insurance policy guaranteeing the payment of principal and interest, and will also seek to enhance total return potential through the subadvisor s active management approach.

Yes, MMIN 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, MMIN 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 MMIN is -0.0214%. This is the percent change in the value of MMIN over the most recent 1-month period. The 3-month return on MMIN is -0.0404%. This is the percent change in the value of MMIN over the most recent 3-month period.

The standard deviation of MMIN for the past year is 0.0566%. 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 MMIN include HYMB, SUB, and HYD.

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

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

Disclaimers

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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.