NYLI MacKay Muni Insured ETF (MMIN)
ARCA ARCA Primary Summary
MMIN Chart
NYLI MacKay Muni Insured ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 58,270 | $1.41M | $1.39M | -$25,059.4 | -1.78% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 5,728 | $135,810.88 | $136,240.48 | $429.6 | 0.32% |
 Kyle P. Smith NewEdge Wealth LLC | 22,218 | $526,788.78 | $528,344.04 | $1,555.26 | 0.3% |
 Joseph Castro Nuveen LLC | 37,360 | $904,486 | $887,415.82 | -$17,070.18 | -1.89% |
| GPB Greg P. Benner Vertex Planning Partners LLC | 128,723 | $3.09M | $3.06M | -$30,949.17 | -1% |
NYLI MacKay Muni Insured ETF (MMIN) FAQ
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NYLI MacKay Muni Insured ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is geared towards investors seeking to optimize their income while minimizing federal income tax on their investments. It primarily targets the municipal bond market, offering a diversified portfolio that focuses on debt securities exempt from federal income tax, as well as debt securities backed by insurance policies guaranteeing payments of principal and interest. With a strategy that invests at least 80% of its assets in these financial instruments, the fund aims to provide a steady income stream, making it an attractive option for tax-conscious investors. These investments involve leveraging the fund's net assets in addition to borrowing for investment purposes to maintain the required investment threshold in the chosen financial instruments.
Products and Services
The fund offers a focused approach to income investing with the following products and services:
- Municipal Bonds: These are debt securities issued by local, state, or other governmental entities which are designed to fund public projects like roads, schools, and infrastructure. The interest income generated from these bonds is often exempt from federal income tax, and in some cases, state and local taxes, depending on the investor's domicile. This can result in a higher effective yield for investors in higher tax brackets.
- Insured Debt Securities: This category includes debt securities covered by an insurance policy that guarantees the repayment of principal and interest. This additional layer of security aims to enhance the creditworthiness of the bonds, potentially reducing the risk to investors. Insured debt securities are an appealing option for those seeking to mitigate risk while pursuing tax-advantaged income.
