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NYLI MacKay Muni Insured ETF
MMIN (NYLI MacKay Muni Insured ETF) is an index Fixed Income ETF by NYLI. With a 0.30% MER, it provides diversified exposure through 174 holdings. Monthly distribution with a 4.48% yield.
MMIN by NYLI is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.30% MER, its fees are in line with category averages. It pays a monthly distribution with a 4.48% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.