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Morningstar

MainStay MacKay High Yield Muncpl Bd C MMHDX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 11.74  /  0.01 %
  • Total Assets 7.9 Bil
  • Adj. Expense Ratio
    1.620%
  • Expense Ratio 1.620%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.92%
  • Effective Duration 9.95 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 11:04 PM GMT+00:00

Morningstar’s Analysis MMHDX

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 experienced team leads this high-yield muni offering.

Senior Analyst

Summary

| by Paul Olmsted

MainStay MacKay High Yield Municipal Bond's experienced muni investment team follows a dynamic approach to achieve strong performance. This tight-knit group has been together for many years, and its growing credit analyst team, low personnel turnover, and fund ownership earn an upgrade to a High People rating. The strategy’s cheapest share classes now carry a Morningstar Analyst Rating of Silver; its costlier share class is rated Neutral.

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