IQ MacKay California Municipal Intermediate ETF
Name
As of 05/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.1%
1 yr return
3.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$25 M
Holdings in Top 10
48.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MMCA - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameIQ MacKay California Municipal Intermediate ETF
-
Fund Family NameIndexIQ
-
Inception DateDec 21, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Lawlor
Fund Description
MMCA - Performance
Return Ranking - Trailing
Period | MMCA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -86.8% | 7.5% | 88.95% |
1 Yr | 3.3% | -48.9% | 15.3% | N/A |
3 Yr | N/A* | -21.5% | 51.9% | N/A |
5 Yr | N/A* | -5.9% | 29.0% | N/A |
10 Yr | N/A* | -3.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | MMCA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -91.1% | 101.7% | N/A |
2022 | -14.6% | -79.2% | 102.5% | N/A |
2021 | N/A | -66.1% | 60.0% | N/A |
2020 | N/A | -57.4% | 7.6% | N/A |
2019 | N/A | -35.9% | 3.2% | N/A |
Total Return Ranking - Trailing
Period | MMCA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -86.8% | 7.5% | 94.55% |
1 Yr | 3.3% | -48.9% | 15.4% | N/A |
3 Yr | N/A* | -21.5% | 51.9% | N/A |
5 Yr | N/A* | -5.9% | 29.0% | N/A |
10 Yr | N/A* | -3.6% | 13.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MMCA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -91.1% | 101.7% | N/A |
2022 | -12.2% | -79.2% | 102.5% | N/A |
2021 | N/A | -66.1% | 60.0% | N/A |
2020 | N/A | -57.4% | 7.6% | N/A |
2019 | N/A | -35.9% | 3.2% | N/A |
MMCA - Holdings
Concentration Analysis
MMCA | Category Low | Category High | MMCA % Rank | |
---|---|---|---|---|
Net Assets | 25 M | 2.87 M | 73.9 B | 94.44% |
Number of Holdings | 37 | 1 | 14000 | 71.69% |
Net Assets in Top 10 | 11.6 M | -317 M | 8.64 B | 69.27% |
Weighting of Top 10 | 48.40% | 2.4% | 100.0% | 36.99% |
Top 10 Holdings
- Dreyfus Tax Exempt Cash Management 9.90%
- Territory of Guam 5.61%
- City of Victorville CA Electric Revenue 4.67%
- California Community Choice Financing Authority 4.59%
- Guam Power Authority 4.37%
- Modesto Irrigation District 4.29%
- City of Los Angeles Department of Airports 4.23%
- California Community Choice Financing Authority 4.20%
- Compton Unified School District/CA 3.39%
- Kern Community College District 3.15%
Asset Allocation
Weighting | Return Low | Return High | MMCA % Rank | |
---|---|---|---|---|
Bonds | 89.37% | 0.00% | 150.86% | 92.75% |
Cash | 10.63% | -50.86% | 100.00% | 6.94% |
Stocks | 0.00% | -0.03% | 4.63% | 69.11% |
Preferred Stocks | 0.00% | -1.79% | 0.04% | 67.12% |
Other | 0.00% | -13.03% | 30.01% | 67.40% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 67.49% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MMCA % Rank | |
---|---|---|---|---|
Cash & Equivalents | 9.90% | 0.00% | 100.00% | 7.31% |
Derivative | 0.00% | 0.00% | 21.68% | 67.31% |
Securitized | 0.00% | 0.00% | 5.93% | 68.04% |
Corporate | 0.00% | 0.00% | 9.99% | 74.34% |
Municipal | 0.00% | 0.00% | 100.00% | 91.28% |
Government | 0.00% | 0.00% | 52.02% | 70.41% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MMCA % Rank | |
---|---|---|---|---|
US | 89.37% | 0.00% | 142.23% | 96.44% |
Non US | 0.00% | 0.00% | 62.14% | 3.61% |
MMCA - Expenses
Operational Fees
MMCA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.70% | 0.02% | 3.60% | 70.59% |
Management Fee | 0.45% | 0.00% | 1.10% | 57.84% |
12b-1 Fee | N/A | 0.00% | 1.00% | 11.66% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
MMCA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 4.90% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
MMCA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MMCA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 283.00% | N/A |
MMCA - Distributions
Dividend Yield Analysis
MMCA | Category Low | Category High | MMCA % Rank | |
---|---|---|---|---|
Dividend Yield | 3.65% | 0.00% | 35.27% | 53.01% |
Dividend Distribution Analysis
MMCA | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MMCA | Category Low | Category High | MMCA % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.53% | 24.00% | N/A |
Capital Gain Distribution Analysis
MMCA | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
May 01, 2024 | $0.066 | OrdinaryDividend |
Apr 01, 2024 | $0.069 | OrdinaryDividend |
Mar 01, 2024 | $0.063 | OrdinaryDividend |
Feb 01, 2024 | $0.068 | OrdinaryDividend |
Dec 28, 2023 | $0.080 | OrdinaryDividend |
Dec 01, 2023 | $0.063 | OrdinaryDividend |
Nov 01, 2023 | $0.062 | OrdinaryDividend |
Oct 02, 2023 | $0.064 | OrdinaryDividend |
Sep 01, 2023 | $0.063 | OrdinaryDividend |
Aug 01, 2023 | $0.070 | OrdinaryDividend |
Jul 03, 2023 | $0.070 | OrdinaryDividend |
Jun 01, 2023 | $0.062 | OrdinaryDividend |
May 01, 2023 | $0.061 | OrdinaryDividend |
Apr 03, 2023 | $0.063 | OrdinaryDividend |
Mar 01, 2023 | $0.057 | OrdinaryDividend |
Feb 01, 2023 | $0.064 | OrdinaryDividend |
Dec 29, 2022 | $0.060 | OrdinaryDividend |
Dec 01, 2022 | $0.063 | OrdinaryDividend |
Nov 01, 2022 | $0.061 | OrdinaryDividend |
Oct 03, 2022 | $0.052 | OrdinaryDividend |
Sep 01, 2022 | $0.055 | OrdinaryDividend |
Aug 01, 2022 | $0.053 | OrdinaryDividend |
Jul 01, 2022 | $0.025 | OrdinaryDividend |
Jun 01, 2022 | $0.046 | OrdinaryDividend |
May 02, 2022 | $0.047 | OrdinaryDividend |
Apr 01, 2022 | $0.063 | OrdinaryDividend |
Mar 01, 2022 | $0.046 | OrdinaryDividend |
Feb 01, 2022 | $0.049 | OrdinaryDividend |
Dec 29, 2021 | $0.012 | OrdinaryDividend |
MMCA - Fund Manager Analysis
Managers
John Lawlor
Start Date
Tenure
Tenure Rank
Dec 21, 2021
0.44
0.4%
John Lawlor joined MacKay Shields as a Director in 2016. Before joining the firm, he was a senior trader on the floor of the New York Stock Exchange. Mr. Lawlor has a broad and diverse set of skills in sales, trading and electronic trading platforms. He earned a Bachelor's degree in Finance from Lehigh University and has been in the financial services industry since 1997.
Michael Denlinger
Start Date
Tenure
Tenure Rank
Dec 21, 2021
0.44
0.4%
Mr. Denlinger joined MacKay Shields in 2019 and is currently a Director. Prior to joining MacKay Shields, he was an institutional municipal credit trader at Bank of America Merrill Lynch with a primary focus on taxable and healthcare securities. Prior to trading credit, he was a high grade municipal trader. Mr. Denlinger earned a Bachelor’s degree in Economics from Johns Hopkins University in 2014. Mr. Denlinger is a CFA Charterholder and has been in the financial services industry since 2014.
Scott Sprauer
Start Date
Tenure
Tenure Rank
Dec 21, 2021
0.44
0.4%
Mr. Sprauer is a Senior Managing Director. He joined MacKay Shields in 2009 as a Portfolio Manager in the Municipal Bond Division. He has managed the MainStay MacKay New York Tax Free Opportunities Fund, MainStay MacKay DefinedTerm Municipal Opportunities Fund since 2012, MainStay MacKay California Tax Free Opportunities Fund since 2013, MainStay MacKay High Yield Municipal Bond Fund, MainStay MacKay Tax Free Bond Fund since 2014 and MainStay MacKay U.S. Infrastructure Bond Fund since 2019. Before joining the firm, he was Head Trader, Fixed Income at Financial Guaranty Insurance Company. Mr. Sprauer was previously with Dreyfus Corporation and Merrill Lynch Investment Managers as a Municipal Bond Portfolio Manager/Trader. He has a BSBA from Villanova University, and has been in the investment management industry since 1991.
Michael Petty
Start Date
Tenure
Tenure Rank
Dec 21, 2021
0.44
0.4%
Mike joined MacKay Shields in July 2009. Before joining the firm he was a Portfolio Manager for Mariner Municipal Managers. He has been a municipal bond portfolio manager since 1992, and has worked in the municipal products market since 1985. Mike has a broad array of trading, portfolio management, and sales experience. Prior to joining Mariner Municipal Managers, he was a Senior Portfolio Manager at Dreyfus Corporation from 1997 to 2009. From 1992 to 1997, he served as a Portfolio Manager for Merrill Lynch Investment Managers. He is a member of the firm’s Management Committee. Mike graduated from Hobart College with a B.S. in Mathematics and Economics.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.21 | 1.58 |