IQ MacKay California Municipal Intermediate 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. The fund invests in fixed income markets of the United States. It invests in fixed income securities of California. It primarily invests in investment grade municipal securities that are rated BBB- or above by S&P. The fund seeks to maintain a dollar-weighted average duration of 3 to 8 years. It employs fundamental analysis with bottom-up securities picking approach to create its portfolio. IQ MacKay California Municipal Intermediate ETF is domiciled in the United States.