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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 7.21  /  0.16 %
  • Total Assets 906.4 Mil
  • Adj. Expense Ratio
    1.120%
  • Expense Ratio 1.120%
  • 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 3.80%
  • Effective Duration 5.71 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:47 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 highest 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 0
  • Bond Holdings 315
  • Other Holdings 2
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MainStay US Government Liquidity I

4.26
35,186,521
Cash and Equivalents

United States Treasury Bills 0%

2.10
17,374,710
Government

WASHINGTON ST 5.09%

1.45
11,956,579
municipal

LOS ANGELES CALIF CMNTY COLLEGE DIST 7.53%

1.35
11,122,691
municipal

HAWAII ST 5.53%

1.26
10,405,087
municipal

COLORADO HSG & FIN AUTH 5.75%

1.23
10,141,091
municipal

Emory University 2.143%

1.14
9,386,155
Corporate

SEATTLE WASH MUN LT & PWR REV 5.47%

1.12
9,273,134
municipal

TEXAS NAT GAS SECURITIZATION FIN CORP REV 5.102%

1.09
9,033,047
municipal

ALABAMA FED AID HWY FIN AUTH SPL OBLIG REV 1.727%

1.06
8,731,040
municipal