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ETFs

IQ MacKay Multi-Sector Income ETF

MMSB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 26 2022
Expense Ratio
0.40%
Type
Global Bonds
Fund Owner
Index IQ
Volume (1m avg. daily)
$238
AUM
$23,139,510
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US TREASURY N/B 4.125 8/15/2053
3.03%
n/a
US TREASURY N/B 4.375 8/15/2043
2.61%
n/a
US TREASURY N/B 4 7/31/2030
2.03%
n/a
WI TSY N/B 1.375 7/15/2033
1.49%
n/a
FR SD8257 4.5 10/1/2052
1.47%
n/a
DREYFUS GOVT CASH MAN INS
1.45%
n/a
FN MA4806 5 11/1/2052
1.03%
n/a
State of Washington 5.09 % Bonds 2010-1.8.33 Build Amer Direct Pmt Series 2010F
1.00%
n/a
NJ TPK-TXB-A-BABS 7.102 1/1/2041
1.00%
HLX5029808
HELIX ENERGY SOLUTIONS 6.75 2/15/2026
0.98%
Invest with MMSB

What is MMSB?

The Fund seeks to achieve its investment objective primarily through a flexible multi sector investment process that allocates investments across the global fixed-income markets. The Fund, under normal circumstances, invests at least 80% of its assets in a diversified portfolio of debt or debt-related securities such as: debt or debt-related securities issued or guaranteed by the U.S. or foreign governments, their agencies or instrumentalities; obligations of international or supranational entities; debt or debt-related securities issued by U.S. or foreign corporate entities; zero coupon bonds; municipal bonds; mortgage-related and other asset-backed securities; bank loans; loan participation interests; convertible bonds; contingent convertible securities (CoCos); variable or floating rate debt securities; preferred securities; and hybrid instruments. The Fund may invest up to 60% of its assets in debt instruments that are rated below investment grade by a nationally recognized statistical rating organization ("NRSRO") (such securities rated lower than BBB- and Baa3), or if unrated, judged to be of comparable quality by the Subadvisor. Securities that are rated below investment grade by NRSROs are commonly referred to as "high-yield securities" or "junk bonds."

ETFs related toMMSB

ETFs correlated to MMSB include UNIY, JCPB, DBND

MMSB
IndexIQ Active ETF Trust - IQ MacKay Multi-Sector Income ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
JCPB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Core Plus Bond ETF
DBND
DoubleLine ETF Trust - DoubleLine Opportunistic Bond ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
AGGY
WisdomTree Trust - WisdomTree Yield Enhanced U.S. Aggregate Bond Fund
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
FBND
Fidelity Covington Trust - Fidelity Total Bond ETF
ILTB
BlackRock Institutional Trust Company N.A. - iShares Core 10+ Year USD 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.

Automated Strategies
Related toMMSB

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MMSB using Composer

FAQ

MMSB is a Global Bonds ETF. The Fund seeks to achieve its investment objective primarily through a flexible multi sector investment process that allocates investments across the global fixed-income markets. The Fund, under normal circumstances, invests at least 80% of its assets in a diversified portfolio of debt or debt-related securities such as: debt or debt-related securities issued or guaranteed by the U.S. or foreign governments, their agencies or instrumentalities; obligations of international or supranational entities; debt or debt-related securities issued by U.S. or foreign corporate entities; zero coupon bonds; municipal bonds; mortgage-related and other asset-backed securities; bank loans; loan participation interests; convertible bonds; contingent convertible securities (CoCos); variable or floating rate debt securities; preferred securities; and hybrid instruments. The Fund may invest up to 60% of its assets in debt instruments that are rated below investment grade by a nationally recognized statistical rating organization ("NRSRO") (such securities rated lower than BBB- and Baa3), or if unrated, judged to be of comparable quality by the Subadvisor. Securities that are rated below investment grade by NRSROs are commonly referred to as "high-yield securities" or "junk bonds."

Yes, MMSB 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, MMSB 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 MMSB is -0.0096%. This is the percent change in the value of MMSB over the most recent 1-month period. The 3-month return on MMSB is -0.0252%. This is the percent change in the value of MMSB over the most recent 3-month period.

The standard deviation of MMSB for the past year is 0.0613%. 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 MMSB include GVI, BLV, and BND.

ETFs correlated to MMSB include UNIY, JCPB, and DBND.

ETFs that are inversely correlated to MMSB include TBX, TBF, and PST.

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.