The annual fee that you pay to the fund company for managing your investment. The lower the expense ratio, the better. This is not an investment recommendation.
MMIT is actively managed to provide current income, exempt from federal income tax, via investing 80% of its assets in investment-grade municipal bonds. The funds subadvisor considers macroeconomic factors such as tax rates, treasury rates, regulatory, technical factors, and other global economic data. In addition, certain ESG criteria may also be considered for evaluation. Based on this assessment, the manager employs fundamental analysis among various sectors and states to select individual muni bonds with no single state making up 30% of the total investment. The fund aims to maintain a dollar-weighted average duration of 3 to 10 years. As an actively managed fund, MMIT may make certain investment decisions at its discretion to meet its objectives. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
What is NYLI MacKay Muni Intermediate stock ticker?▼
Depending on the exchange, the stock ticker may vary. For instance, on Boats exchange NYLI MacKay Muni Intermediate stocks are traded under the ticker MMIT.BOATS.
Does NYLI MacKay Muni Intermediate pay dividends?▼
Yes, MMIT.BOATS dividends are paid monthly. The last dividend per share was 0.07 . As of today, Dividend Yield (FWD)% is 0%.
In which sector is NYLI MacKay Muni Intermediate located?▼
NYLI MacKay Muni Intermediate operates in the Other sector.
When did NYLI MacKay Muni Intermediate complete a stock split?▼
NYLI MacKay Muni Intermediate has not had any recent stock splits.