NYLI MacKay Muni Insured ETF (MMIN)

NYLI MacKay Muni Insured ETF (MMIN) is an exchange-traded fund in the Muni National Long category. It has $459.15M in assets, an expense ratio of 0.30% and a 4.43% dividend yield. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus the amount of any 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.