MMITvsFECMETF Comparison
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NYLI MacKay Muni Intermediate ETF (MMIT) and First Eagle Core Municipal ETF (FECM) belong to the same industry segment: Municipal Bonds. MMIT's top 1 sector exposures are Municipal. In contrast, FECM's top sector exposures are Municipal and Non-Corporate. MMIT is more expensive with a Total Expense Ratio (TER) of 0.48%, versus 0.25% for FECM. Run a side-by-side ETF comparison of MMIT and FECM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MMIT vs FECM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MMIT FECM | -0.14%-0.35% | -2.89%-2.94% | -1.60%n/a | -0.87%n/a | +10.77%n/a | +3.05%n/a |
| Flows | MMIT FECM | +$127M+$593K | +$161M+$593K | +$337M- | +$462M- | +$1.13B- | +$1.43B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MMIT FECM | +4.55%+4.97% | +2.83%n/a | +3.06%n/a | +3.08%n/a |
| Max drawdown | MMIT FECM | -5.22%-5.42% | -5.97%n/a | -5.97%n/a | -11.87%n/a |
| Max drawdown duration | MMIT FECM | 92d92d | 229dn/a | 229dn/a | 997dn/a |
Trading data
MMIT | FECM | |
Last sale 10/19/2026 at 7:42 PM | $23.28 | $24.00 |
| Previous close 10/16/2026 | $23.29 | $24.02 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 7:42 PM
Live
Closed
MMIT | FECM | |
|---|---|---|
| Last price | $23.28 | $24.00 |
| 1D performance | -0.06% | -0.08% |
| AuM | $1.58 B | $15.60 M |
| E/R | 0.48% | 0.25% |
Characteristics
MMIT | FECM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | New York Life Investments | First Eagle Investments |
| Benchmark | - | - |
| N° of holdings | 190 | 42 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2017 | July 1, 2026 |
| ESG | No | No |
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Exposure
Countries
MMIT
USA
30.87%
Other
69.13%
FECM
USA
30.74%
Other
69.26%
Sectors
MMIT
Municipal
30.87%
Other
69.13%
FECM
Municipal
30.11%
Other
69.89%
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Diversification
MMIT
Total weight of top 15 holdings out of 15
10.47%
FECM
Total weight of top 15 holdings out of 15
26.14%
Top 15 holdings
Data as of August 31, 2026
MMIT
City of New York, 5.125% 15nov2011, USD
1.02%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.99%
Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A)
0.90%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.90%
Los Angeles Department of Water and Power, 5% 1jul2041, USD (2026)
0.89%
US70879QQA49
0.86%
Black Belt Energy Gas District, 4% 1oct2052, USD
0.62%
US850578UC77
0.62%
Chicago Board of Education, 6% 1apr2046, USD (2017)
0.58%
Phoenix Industrial Development Authority, 5% 31oct2044, USD (2024)
0.56%
US09182TFT97
0.56%
US74440DFC39
0.53%
US56035DJJ28
0.51%
Main Street Natural Gas Inc., 5% 1dec2052, USD (2022B)
0.47%
National Finance Authority, 4.25% 20jul2041, USD (2026-1, A-1)
0.46%
FECM
US932423XQ48
2.41%
New York Dormitory Authority, 5% 15feb2037, USD (2016A)
2.00%
US20775DX645
1.97%
US45204F3W38
1.93%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
1.93%
US196502AT55
1.83%
US270083R919
1.76%
US490229AR23
1.67%
US34073XKE75
1.67%
San Jose (CA), 5% 1mar2047, USD (2017A)
1.64%
US483270HS69
1.51%
New York Dormitory Authority, 3.25% 1jul2034, USD
1.49%
US71883MPY48
1.46%
Illinois Toll Highway Authority, 5% 1jan2041, USD
1.45%
US45204ESZ24
1.42%
Frequently asked questions about MMIT and FECM
Which ETF is bigger: MMIT or FECM?
As of October 16, 2026, MMIT holds $1.58 B in assets under management (AUM), while FECM manages $15.60 M.
What sectors do the MMIT and FECM ETFs invest in?
MMIT leans toward sectors like Municipal. Meanwhile, FECM focuses on Municipal.
What are the top holdings of the MMIT ETF and FECM ETF?
MMIT top holdings include City of New York, 5.125% 15nov2011, USD, Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD and Minnesota Municipal Gas Energy, 5% 1sep2035, USD (2026A). FECM holds in its top three: US932423XQ48, New York Dormitory Authority, 5% 15feb2037, USD (2016A) and US20775DX645.
Which ETF is more diversified: MMIT or FECM?
MMIT holds 865 securities with 10.47% of its assets in the top 15. FECM has 130 securities and a top 15 weight of 26.14%.
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