Overview
Overview
IQ MacKay Multi-Sector Income ETF (MMSB) is an actively-managed ETF seeking current income and long-term capital appreciation investing primarily in domestic and foreign debt securities utilizing various investment strategies in a broad array of fixed income sectors.
Attractive income potential
Maximize current income potential while seeking attractive risk-adjusted returns.
Dynamic risk management
The team’s disciplined investment process blends top-down global macroeconomic analysis with bottom-up security selection.
Research driven, flexible approach
By allocating across distinct investment teams, the fund accesses the breadth and depth of MacKay’s specialized fixed income capabilities.
Performance
Performance
Returns represent past performance which is no guarantee of future results. Current performance may be lower or higher. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Expenses stated are as of the fund's most recent prospectus.
Index performance is for illustrative purposes only and does not represent actual Fund performance. One cannot invest directly in an index. Performance data for the Index assumes reinvestment of dividends and is net of the management fees for the Index's components, as applicable, but it does not reflect management fees, transaction costs or other expenses that you would pay if you invested in the Fund directly. No representation is being made that any investment will achieve performance similar to that shown.
Performance reflects a contractual fee waiver and/or expense limitation agreement which shall remain in effect until terminated by the Board of Trustees of the ETF without which total returns may have been lower.
Portfolio
Portfolio
Distribution & Yields
Distribution & Yields
Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (ROC) of your investment in the fund. Because the distribution rate and the 12-month rate may include a ROC, they should not be confused with yield or income. Please refer to the most recent Section 19 Notice, if applicable, for additional information regarding the composition of distributions. Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January.
Distribution Rate: The distribution rate measures the percentage return in the form of dividends. It is calculated daily by annualizing the most recent dividend distribution and dividing by the daily share price (NAV or POP). If the Fund did not make a distribution as of the latest scheduled distribution date, "N/A" will be displayed.
12-month Rate: The 12-month rate measures the percentage return in the form of dividends. It is calculated monthly by taking the sum of the trailing 12-month dividend payments divided by the last month's ending share price (NAV or POP) plus any capital gains distributed over previous 12 months. If the Fund did not make any distributions over the previous 12 months, "N/A" will be displayed.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.)
Fees & Expenses
Fees & Expenses
Performance reflects a contractual fee waiver and/or expense limitation agreement which shall remain in effect until terminated by the Board of Trustees of the ETF without which total returns may have been lower.
Team
Team
Neil Moriarty
Senior Managing Director, Co-Head of Global Fixed Income
Valentina Chen
Co-Head of the Emerging Market Debt Team
Michael DePalma
Senior Managing Director
Philip Fielding
Co-Head of Emerging Market Debt team
Sanjit Gill
Director
Matt Jacob
Managing Director
Tom Musmanno
Senior Managing Director
Lesya Paisley
Director
Edward Silverstein
Senior Managing Director
Scott Sprauer
Senior Managing Director