Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
IQ MacKay Municipal Insured ETF (MMIN)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: MMIN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -1.57% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 57633 | Beta 1.19 | 52 Weeks Range 22.90 - 24.19 | Updated Date 04/1/2025 |
52 Weeks Range 22.90 - 24.19 | Updated Date 04/1/2025 |
Upturn AI SWOT
IQ MacKay Municipal Insured ETF
ETF Overview
Overview
The IQ MacKay Municipal Insured ETF (MMIN) seeks to provide current income exempt from federal income tax by investing primarily in investment-grade municipal bonds that are insured.
Reputation and Reliability
MacKay Shields LLC is a well-regarded investment manager with a history of managing fixed income portfolios.
Management Expertise
The management team has extensive experience in municipal bond investing and insurance analysis.
Investment Objective
Goal
To seek current income exempt from federal income tax.
Investment Approach and Strategy
Strategy: Invests primarily in a diversified portfolio of insured municipal bonds rated investment grade or higher.
Composition Primarily municipal bonds with insurance wraps from established insurance companies.
Market Position
Market Share: MMIN holds a small to moderate market share in the municipal bond ETF space.
Total Net Assets (AUM): 15738749.84
Competitors
Key Competitors
- MUB
- ITM
- VTEB
- HYMB
- SUB
Competitive Landscape
The municipal bond ETF market is dominated by a few large players. MMIN differentiates itself by focusing on insured bonds, which can provide a degree of principal safety. The large competitors often have better liquidity and lower expense ratios but lack the insurance aspect.
Financial Performance
Historical Performance: Historical performance data needs to be retrieved from financial data providers.
Benchmark Comparison: Performance should be compared against a broad municipal bond index, such as the S&P National AMT-Free Municipal Bond Index.
Expense Ratio: 0.25
Liquidity
Average Trading Volume
The average trading volume is relatively low, which could potentially impact trading costs.
Bid-Ask Spread
The bid-ask spread can be moderate, which may slightly impact the cost of entering and exiting positions.
Market Dynamics
Market Environment Factors
Interest rates, tax policy changes, and the financial health of municipal issuers can affect MMIN.
Growth Trajectory
Growth depends on demand for insured municipal bonds and the ETF's ability to attract assets.
Moat and Competitive Advantages
Competitive Edge
MMIN's competitive advantage lies in its focus on insured municipal bonds, offering a layer of principal protection against defaults. This can be attractive to risk-averse investors seeking tax-exempt income. The insurance feature provides a degree of certainty that other municipal bond ETFs may lack. However, the insurance comes at a cost, reflected in the expense ratio. It may appeal to investors prioritizing safety over slightly higher potential returns.
Risk Analysis
Volatility
Volatility is expected to be low to moderate, characteristic of municipal bonds.
Market Risk
Risks include interest rate risk, credit risk (though mitigated by insurance), and liquidity risk.
Investor Profile
Ideal Investor Profile
Risk-averse investors seeking tax-exempt income and a degree of principal protection.
Market Risk
Best suited for long-term investors looking for a stable, tax-advantaged income stream.
Summary
MMIN is a municipal bond ETF focusing on insured bonds for tax-exempt income. Its main advantage is the insurance wrapper, offering principal protection. The expense ratio is relatively low. It's a suitable option for risk-averse investors. Lower trading volume may impact tradability.
Similar Companies
HYMB
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF
HYMB
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF
MUB
iShares National Muni Bond ETF
MUB
iShares National Muni Bond ETF
SUB
iShares Short-Term National Muni Bond ETF
SUB
iShares Short-Term National Muni Bond ETF
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
Sources and Disclaimers
Data Sources:
- ETF.com
- Morningstar
- Issuer's website
- SimFin
- Yahoo Finance
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and after consulting with a qualified financial advisor. Market share data is approximate and may vary across data providers.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About IQ MacKay Municipal Insured ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in: (i) debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal Income tax (Municipal Bonds); and (ii) debt securities covered by an insurance policy guaranteeing the payment of principal and interest.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.