IndexIQ Active ETF Trust - IQ MacKay Municipal Short Duration ETF

IndexIQ Active ETF Trust - IQ MacKay Municipal Short Duration ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is co-managed by IndexIQ Advisors LLC and MacKay Shields LLC. It invests in fixed income markets of the United States. The fund invests in municipal bonds issued by or on behalf of the District of Columbia, states, territories, commonwealths and possessions of the United States and their political subdivisions and agencies, authorities and instrumentalities. It invests in investment grade securities rated within the highest four quality ratings and with a dollar-weighted average duration of zero to three years. The fund employs fundamental analysis with a bottom-up securities selection approach to create its portfolio. IndexIQ Active ETF Trust - IQ MacKay Municipal Short Duration ETF is domiciled in the United States.