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Morningstar

MainStay MacKay Short Term Municipal A MSTAX

Morningstar Medalist Rating
Medalist Rating as of | See New York Life Investment Hub
  • NAV / 1-Day Return 9.21  /  +0.01 %
  • Total Assets 777.7 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.690%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 15,000
  • Status Open
  • TTM Yield 2.94%
  • Effective Duration 2.04 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:04 PM GMT+0

Morningstar’s Analysis MSTAX

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

  • People Pillar

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

Strength in MainStay MacKay Short Term Municipal A'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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MSTAX

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

MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%

1.95 15.9 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 0%

1.81 14.8 Mil
municipal

Other Assets & Liabilities

1.62 13.2 Mil
—

TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0%

1.61 13.1 Mil
municipal

DETROIT MICH SEW DISP REV 0%

1.58 12.9 Mil
municipal

CAPITAL AREA HSG FIN CORP TEX MULTI-FAMILY HSG REV 0.29%

1.56 12.7 Mil
municipal

ARIZONA HEALTH FACS AUTH REV 0%

1.52 12.4 Mil
municipal

LEHIGH CNTY PA GEN PURP AUTH REVS 0%

1.44 11.7 Mil
municipal

MONTGOMERY CNTY PA INDL DEV AUTH HEALTH SYS REV 5.25%

1.42 11.6 Mil
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.5%

1.33 10.8 Mil
municipal