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Morningstar

MainStay MacKay US Infrastructure Bd Inv MGVNX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 7.34  /  +0.42 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    1.150%
  • Expense Ratio 1.150%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.87%
  • Effective Duration 5.75 years

USD | NAV as of May 01, 2024 | 1-Day Return as of May 01, 2024, 11:25 PM GMT+0

Morningstar’s Analysis MGVNX

Will MGVNX outperform in 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 MGVNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MGVNX 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 MGVNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in MainStay MacKay US Infrastructure Bd Inv's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MGVNX

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

TEXAS NAT GAS SECURITIZATION FIN CORP REV 5.102%

1.74 19.1 Mil
municipal

NATIONAL FIN AUTH N H INDL DEV REV 0%

1.36 15.0 Mil
municipal

MARICOPA CNTY ARIZ INDL DEV AUTH REV 0%

1.27 14.0 Mil
municipal

Johns Hopkins University 4.705%

1.23 13.5 Mil
Corporate

MISSOURI ST HWYS & TRANS COMMN ST RD REV 5.445%

1.13 12.4 Mil
municipal

WASHINGTON ST 5.09%

1.09 12.0 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 6.548%

1.08 11.9 Mil
municipal

Virginia Power Fuel Securitization LLC 4.877%

1.06 11.6 Mil
Corporate

DISTRICT COLUMBIA INCOME TAX REV 5.153%

0.94 10.3 Mil
municipal

Emory University 2.143%

0.93 10.2 Mil
Corporate