Morningstar

NYLIM MacKay California Muni Class A MSCAX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $9.04  /  +0.44 %
  • Fund Size $1.3B
  • Adjusted Expense Ratio 0.750%
  • Net Expense Ratio 0.750%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category Muni California Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $15,000
  • Investment Status Open
  • TTM Yield 3.53%
  • Average Effective Duration 7.98 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MSCAX

Will MSCAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MSCAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MSCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MSCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

NYLIM MacKay California Muni Class A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings MSCAX

More MSCAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.70 22M
municipal

SOUTHERN CALIF PUB PWR AUTH REV 5%

1.60 21M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.37 18M
municipal

CALIFORNIA MUN FIN AUTH MUN CTFS 4.05%

1.28 17M
municipal

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

1.27 16M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.75%

1.19 15M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.12 15M
municipal

UNIVERSITY CALIF REVS 5.25%

1.12 14M
municipal

BNY Dreyfus Govt Cash Mgmt Instl

1.11 14M
Cash and Equivalents

SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWAL PROJ REV 5.25%

1.09 14M
municipal

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