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GENM vs MMIT

Genter Capital Municipal Quality Intermediate ETF

GENMDNYSE Arca

NYLI MacKay Muni Intermediate ETF

MMITANYSE Arca

Overlap

No data

Expense ratio

MMIT −0.09pt a year

GENM0.39%MMIT0.30%

Avg volume · 30D

MMIT 54.6×the volume

GENM12.6KMMIT689K

GENM vs MMIT Performance

Oct 31, 2025 – Oct 30, 2026

+1.3%GENM+0.7%MMIT

Oct 31, 2025 to Oct 30, 2026. GENM +1.3%. MMIT +0.7%. Use the arrow keys to read each point.−3%−2%−1%2%Oct 2025Apr 2026Oct 2026
Expense ratio
GENM 0.39%
MMIT 0.30%, better
Fund size
GENM $33M
MMIT $1.45B
1Y total return
GENM +1.3%, better
MMIT +0.7%
Yield (12M)
GENM 2.99%
MMIT 4.02%, better
Holdings
GENM 89
MMIT 963
Avg volume (30D)
GENM 12.6K sh
MMIT 689K sh, better
NAV per share
GENM $10.09
MMIT $23.64
52W range

ETF.net Grade

GENM: Cost 5, Risk 66, Mission 83, Tradability 15, Holdings 19, Durability 31. MMIT: Cost 53, Risk 52, Mission 99, Tradability 85, Holdings 79, Durability 66.
Pillar letters and Scores for GENM, MMIT, with each pillar’s weight
PillarGENMMMIT
Cost30% weightF5C53Higher
Mission25% weightA83A99Higher
Risk15% weightB66HigherC52
Tradability15% weightF15A85Higher
Holdings10% weightF19A79Higher
Durability5% weightD31B66Higher

Rank among Intermediate Municipal Bonds funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GENM and MMIT are both graded against the same 19 Intermediate Municipal Bonds funds, so their Grades compare head to head.

Intermediate Municipal Bonds⁠

Category · 19 funds
See all 19 ›

MMIT ranks 4th and GENM 19th of 19 funds in the Intermediate Municipal Bonds Category.

  1. Rank 1ATAXINorthern Trust Intermediate Tax-Exempt Bond ETFScore 84
  2. Rank 2AITMVanEck Intermediate Muni ETFScore 77
  3. Rank 3AEVIMEaton Vance Intermediate Municipal Income ETFScore 76
  4. Rank 4AMMITNYLI MacKay Muni Intermediate ETFScore 72
  5. Rank 5ATAXET. Rowe Price Intermediate Municipal Income ETFScore 71
  6. Rank 17CMNBDALPS BBH Intermediate Municipal Bond ETFScore 41
  7. Rank 19DGENMGenter Capital Municipal Quality Intermediate ETFScore 37

Our read on each fund

ETF.net Research

GENMDGenter Capital Municipal Quality Intermediate ETF

MMITANYLI MacKay Muni Intermediate ETF

In short

GENM A boutique manager's take on the muni middle: high-grade, intermediate-maturity US bonds paying federally tax-free income every month. Young and small next to the index giants, and priced like the specialist it is.

MMIT Active muni bond-picking in an ETF wrapper. MacKay Shields' municipal desk has run MMIT since 2017, sifting roughly 900 investment-grade, AMT-free bonds for income exempt from federal tax, and paying it out monthly.

Stated mandate

GENM The fund seeks current income exempt from federal income tax, with capital appreciation as a secondary objective.

MMIT The Fund seeks current income exempt from federal income tax.

Why people hold it

  • GENM The mandate is plain: current income exempt from federal income tax first, capital appreciation second. Income is paid monthly.
  • A tight lane with little room to drift: US municipal bonds only, quality and intermediate by name, inside a standard 1940 Act fund wrapper.
  • No benchmark index is declared behind it, so the portfolio is assembled bond by bond rather than copied from a published muni ladder.
  • MMIT Genuinely active, not an index in disguise: MacKay Shields' muni team picks bonds on credit and yield-curve analysis, targeting a 3 to 10 year duration band.nylim.comstockanalysis.com
  • A billion-dollar-plus fund and one of the more actively traded in the intermediate muni group, with roughly 900 bonds spreading issuer risk.
  • Trading since 2017, a long run for an active muni ETF, and one of the stronger implementations in its intermediate muni peer group.
  • Does the one job it advertises: current income exempt from federal income tax, distributed monthly.

Worth knowing

  • GENM At 0.39% a year, the fee sits above the muni-fund median of 0.30% and far above index anchors like VTEB and SCMB at 0.03%.
  • Small asset base, thin trading. The spread paid getting in or out can weigh as much as the headline fee.
  • Launched in 2024, so there is only a short track record to judge it by, and it sits in the lower reaches of a crowded muni-bond field.
  • MMIT 0.30%, net of a fee waiver off 0.46% gross, sits near the category median but above index rivals: TAXI 0.05%, ITM 0.18%, EVIM 0.11% net of a waiver through February 1, 2027.
  • Active management cuts both ways: holdings and results can drift from a plain muni index in either direction.nylim.com
  • Income is exempt from federal income tax, not state tax, and the bonds still reprice when rates move.nylim.com

Full GENM profile⁠

Full MMIT profile⁠

GENM vs MMIT Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GENM vs MMIT Cost

Overpaying GENM vs MMIT

$1,749

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GENM 0.39%

    $7,898

  • MMIT 0.30%

    $6,149

$10,000
30 years

Cost over time

  • GENM 0.39%
  • MMIT 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GENM $7,898MMIT $6,149

Year by year

YearGENMMMITOverpaying
10$705$545$160
20$2,725$2,113$612
30$7,898$6,149$1,749

Expense ratio

  • 0.39%GENM
  • 0.30%MMIT, cheaper
  • Middle half of Intermediate Municipal Bonds funds
  • Median 0.30%

MMIT 8th cheapest of 19 funds

GENM 18th cheapest of 19 funds

GENM vs MMIT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GENM 2.99%
MMIT 4.02%, better
Payout (12M)
GENM $0.30
MMIT $0.95
Last payment
GENM $0.02
MMIT $0.07
Ex-dividend
GENM Oct 29, 2026
MMIT Oct 30, 2026
Paid on
GENM Oct 30, 2026
MMIT Pays Nov 3, 2026
Frequency
GENM Monthly
MMIT Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GENMMonthly · 29 paymentsAll GENM payments⁠
One bar per payment. 29 payments from 2023 to 2026 YTD. Jun 28, 2024 $0.03; Jul 30, 2024 $0.03; Aug 30, 2024 $0.03; Sep 27, 2024 $0.03; Oct 30, 2024 $0.03; Nov 29, 2024 $0.03; Dec 30, 2024 $0.04; Jan 30, 2025 $0.03; Feb 27, 2025 $0.02; Mar 28, 2025 $0.02; Apr 29, 2025 $0.03; May 29, 2025 $0.03; Jun 27, 2025 $0.03; Jul 30, 2025 $0.02; Aug 28, 2025 $0.03; Sep 29, 2025 $0.03; Oct 30, 2025 $0.02; Nov 26, 2025 $0.03; Dec 30, 2025 $0.03; Jan 29, 2026 $0.02; Feb 26, 2026 $0.02; Mar 30, 2026 $0.03; Apr 29, 2026 $0.03; May 28, 2026 $0.02; Jun 29, 2026 $0.03; Jul 30, 2026 $0.03; Aug 28, 2026 $0.03; Sep 29, 2026 $0.03; Oct 29, 2026 $0.02. Use the arrow keys to read each point.$0$0.0520232026YTD
MMITMonthly · 46 paymentsAll MMIT payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.07; Mar 1, 2023 $0.06; Apr 3, 2023 $0.07; May 1, 2023 $0.07; Jun 1, 2023 $0.07; Jul 3, 2023 $0.07; Aug 1, 2023 $0.07; Sep 1, 2023 $0.07; Oct 2, 2023 $0.07; Nov 1, 2023 $0.07; Dec 1, 2023 $0.07; Dec 28, 2023 $0.08; Feb 1, 2024 $0.08; Mar 1, 2024 $0.07; Apr 1, 2024 $0.08; May 1, 2024 $0.08; Jun 3, 2024 $0.08; Jul 1, 2024 $0.08; Aug 1, 2024 $0.08; Sep 3, 2024 $0.08; Oct 1, 2024 $0.08; Nov 1, 2024 $0.08; Dec 2, 2024 $0.08; Dec 30, 2024 $0.05; Feb 3, 2025 $0.07; Mar 3, 2025 $0.07; Apr 1, 2025 $0.07; Apr 30, 2025 $0.07; Jun 2, 2025 $0.08; Jul 1, 2025 $0.06; Aug 1, 2025 $0.07; Sep 2, 2025 $0.08; Oct 1, 2025 $0.07; Nov 3, 2025 $0.07; Dec 1, 2025 $0.07; Dec 30, 2025 $0.07; Jan 30, 2026 $0.07; Feb 27, 2026 $0.07; Mar 31, 2026 $0.07; Apr 30, 2026 $0.07; May 29, 2026 $0.08; Jun 30, 2026 $0.07; Jul 31, 2026 $0.07; Aug 31, 2026 $0.07; Sep 30, 2026 $0.07; Oct 30, 2026 $0.07. Use the arrow keys to read each point.$0$0.0520232026YTD

GENM vs MMIT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GENM 3.7%since Jun 2024MMIT 5.0%
Return per unit of riskSharpe ratio, 3 years
GENM −0.23since Jun 2024MMIT −0.01
Worst fallMax drawdown, 5 years
GENM −4.5%since May 2024MMIT −12.1%
Market sensitivityBeta, 5 years
GENM 0.14MMIT 0.73

GENM and MMIT in the news

All news⁠

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