NYLI MacKay Muni Insured ETF
MMIN
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- NYLI MacKay Muni Insured ETF (MMIN) is an actively managed exchange-traded fund that seeks current income exempt from federal income taxes by investing primarily in insured, investment-grade municipal bonds; it employs a relative value strategy focused on credit analysis, yield curve positioning, and sector rotation across various municipal bond market sectors and states. The fund invests at least 80% of its assets in debt securities whose interest is exempt from federal income tax, including municipal bonds issued by or on behalf of U.S. states, territories, and possessions that are covered by insurance policies guaranteeing principal and interest payments, as well as a portion of taxable municipal bonds to enhance total return potential. Launched on October 18, 2017, and domiciled in the United States, MMIN trades on the NYSE Arca exchange with assets under management of approximately $345 million, a net expense ratio of 0.30%, and monthly distributions; it is issued by New York Life Investments, which leverages the expertise of subadvisor MacKay Municipal Managers, whose co-heads have collaborated since 1993. The ETF targets investors seeking tax-efficient income from high-quality, insured municipal bonds with varying maturities, categorized under the Muni National Long segment, and maintains a portfolio of around 186 holdings predominantly in U.S. municipal tax-exempt bonds (95.56%), cash equivalents (4.44%), and minimal non-U.S. bonds. In recent developments, the fund underwent a rebranding prior to August 28, 2024, shifting from its prior IndexIQ branding to NYLI MacKay; New York Life Investments has expanded its active municipal ETF lineup, including launches of the NYLI MacKay Muni Short Duration ETF (MMSD) in May 2025 and the NYLI MacKay Muni Allocation ETF (MMMA) in December 2025, positioning MMIN alongside siblings such as the NYLI MacKay Muni Intermediate ETF (MMIT) and NYLI MacKay California Muni Intermediate ETF (MMCA).