MainStay MacKay High Yield Municipal Bond stands out for its seasoned team and aggressive yet disciplined approach supporting a Morningstar Analyst Rating of Bronze for most share classes, while its expensive C share class is rated Neutral.
MainStay MacKay High Yield Muncpl Bd C MMHDX
NAV / 1-Day Return
13.41
/
0.13
%
Total Assets
12.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.620%
Expense Ratio
1.620%
Fee Level
Above Average
Longest Manager Tenure
11.81
years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
2,500
Status
Open
TTM Yield
1.95%
Effective Duration
7.33
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MMHDX 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 MMHDX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MMHDX 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 MMHDX’s parent organization’s priorities and whether they’re in line with investors’ interests.
An aggressive yet disciplined approach to high-yield munis.
